# EDGAR Filing Document

**Accession Number:** 0000891190
**File Stem:** 0000891190-26-000052
**Filing Date:** 2026-1
**Character Count:** 222523
**Document Hash:** 70955d07d8319c32b252c77441099f00
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000891190-26-000052.hdr.sgml**: 20260128

**ACCESSION NUMBER**: 0000891190-26-000052

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251130

**FILED AS OF DATE**: 20260128

**DATE AS OF CHANGE**: 20260127

**PERIOD START**: 20260831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VANGUARD ADMIRAL FUNDS
- **CENTRAL INDEX KEY:** 0000891190

**ORGANIZATION NAME:**
- **EIN:** 232696041
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07043
- **FILM NUMBER:** 26567966

**BUSINESS ADDRESS:**
- **STREET 1:** P.O. BOX 2600, V26
- **CITY:** VALLEY FORGE
- **STATE:** PA
- **ZIP:** 19482
- **BUSINESS PHONE:** 6106691000

**MAIL ADDRESS:**
- **STREET 1:** P.O. BOX 2600  V26
- **CITY:** VALLEY FORGE
- **STATE:** PA
- **ZIP:** 19482

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** VANGUARD ADMIRAL FUNDS INC
- **DATE OF NAME CHANGE:** 19920908

## Series and Classes Contracts Data

### Vanguard S&P Small-Cap 600 Value Index Fund (Series ID: S000030019)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000092048 | ETF Shares           | VIOV            |
| C000092049 | Institutional Shares | VSMVX           |

## Nport-Ex

Vanguard<sup>®</sup> S&P Small-Cap 600 Value Index Fund

Schedule of Investments (unaudited)

As of November 30, 2025

The fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (SEC) for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT. The fund's Form N-PORT reports are available on the SEC's website at www.sec.gov.

---

| | | | |
|:---|:---|:---|:---|
|  |  | &nbsp;&nbsp;Shares | &nbsp;&nbsp;Market<br> Value<br> ($000) |
| **Common Stocks (99.6%)** | **Common Stocks (99.6%)** | **Common Stocks (99.6%)** | **Common Stocks (99.6%)** |
| **Communication Services (3.0%)** | **Communication Services (3.0%)** | **Communication Services (3.0%)** | **Communication Services (3.0%)** |
|  | Telephone & Data Systems Inc. | &nbsp;&nbsp;204438 | &nbsp;&nbsp;&nbsp;&nbsp;8233 |
| <sup>\*</sup> | Lumen Technologies Inc. | &nbsp;&nbsp;962299 | &nbsp;&nbsp;&nbsp;&nbsp;7804 |
|  | TEGNA Inc. | &nbsp;&nbsp;334704 | &nbsp;&nbsp;&nbsp;&nbsp;6533 |
| <sup>\*</sup> | IAC Inc. | &nbsp;&nbsp;140815 | &nbsp;&nbsp;&nbsp;&nbsp;4938 |
| <sup>\*</sup> | Ziff Davis Inc. | &nbsp;&nbsp;&nbsp;&nbsp;85208 | &nbsp;&nbsp;&nbsp;&nbsp;2797 |
| <sup>\*</sup> | Yelp Inc. Class A | &nbsp;&nbsp;&nbsp;&nbsp;55968 | &nbsp;&nbsp;&nbsp;&nbsp;1618 |
|  | Scholastic Corp. | &nbsp;&nbsp;&nbsp;&nbsp;46990 | &nbsp;&nbsp;&nbsp;&nbsp;1388 |
| <sup>\*</sup> | DoubleVerify Holdings Inc. | &nbsp;&nbsp;124417 | &nbsp;&nbsp;&nbsp;&nbsp;1311 |
|  | John Wiley & Sons Inc. Class A | &nbsp;&nbsp;&nbsp;&nbsp;34999 | &nbsp;&nbsp;&nbsp;&nbsp;1273 |
|  | Uniti Group Inc. | &nbsp;&nbsp;197445 | &nbsp;&nbsp;&nbsp;&nbsp;1258 |
| <sup>\*</sup> | TripAdvisor Inc. | &nbsp;&nbsp;&nbsp;&nbsp;79796 | &nbsp;&nbsp;&nbsp;&nbsp;1187 |
|  | Cable One Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9608 | &nbsp;&nbsp;&nbsp;&nbsp;1126 |
|  | Shutterstock Inc. | &nbsp;&nbsp;&nbsp;&nbsp;50095 | &nbsp;&nbsp;&nbsp;&nbsp;1043 |
|  | Shenandoah Telecommunications Co. | &nbsp;&nbsp;&nbsp;&nbsp;94858 | &nbsp;&nbsp;&nbsp;&nbsp;1037 |
| <sup>\*</sup> | Angi Inc. Class A | &nbsp;&nbsp;&nbsp;&nbsp;76602 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;875 |
| <sup>\*</sup> | Cars.com Inc. | &nbsp;&nbsp;&nbsp;&nbsp;66559 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;772 |
| <sup>\*</sup> | Gogo Inc. | &nbsp;&nbsp;&nbsp;&nbsp;83838 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;599 |
| <sup>\*</sup> | Thryv Holdings Inc. | &nbsp;&nbsp;&nbsp;&nbsp;54252 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;305 |
|  |  |  | &nbsp;&nbsp;**44097** |
| **Consumer Discretionary (15.8%)** | **Consumer Discretionary (15.8%)** | **Consumer Discretionary (15.8%)** | **Consumer Discretionary (15.8%)** |
|  | BorgWarner Inc. | &nbsp;&nbsp;450226 | &nbsp;&nbsp;19387 |
| <sup>\*</sup> | CarMax Inc. | &nbsp;&nbsp;312185 | &nbsp;&nbsp;12069 |
|  | Meritage Homes Corp. | &nbsp;&nbsp;148035 | &nbsp;&nbsp;10818 |
| <sup>\*</sup> | Caesars Entertainment Inc. | &nbsp;&nbsp;432627 | &nbsp;&nbsp;10067 |
| <sup>\*</sup> | Asbury Automotive Group Inc. | &nbsp;&nbsp;&nbsp;&nbsp;40904 | &nbsp;&nbsp;&nbsp;&nbsp;9513 |
| <sup>\*</sup> | Victoria's Secret & Co. | &nbsp;&nbsp;166138 | &nbsp;&nbsp;&nbsp;&nbsp;6867 |
|  | American Eagle Outfitters Inc. | &nbsp;&nbsp;335248 | &nbsp;&nbsp;&nbsp;&nbsp;6839 |
|  | Signet Jewelers Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;67602 | &nbsp;&nbsp;&nbsp;&nbsp;6771 |
|  | Academy Sports & Outdoors Inc. | &nbsp;&nbsp;138303 | &nbsp;&nbsp;&nbsp;&nbsp;6673 |
|  | Advance Auto Parts Inc. | &nbsp;&nbsp;124802 | &nbsp;&nbsp;&nbsp;&nbsp;6475 |
|  | Dana Inc. | &nbsp;&nbsp;272890 | &nbsp;&nbsp;&nbsp;&nbsp;6115 |
|  | LCI Industries | &nbsp;&nbsp;&nbsp;&nbsp;50441 | &nbsp;&nbsp;&nbsp;&nbsp;5734 |
|  | Kohl's Corp. | &nbsp;&nbsp;233122 | &nbsp;&nbsp;&nbsp;&nbsp;5732 |
| <sup>\*</sup> | Etsy Inc. | &nbsp;&nbsp;105172 | &nbsp;&nbsp;&nbsp;&nbsp;5702 |
|  | Group 1 Automotive Inc. | &nbsp;&nbsp;&nbsp;&nbsp;13455 | &nbsp;&nbsp;&nbsp;&nbsp;5396 |
| <sup>\*</sup> | National Vision Holdings Inc. | &nbsp;&nbsp;164652 | &nbsp;&nbsp;&nbsp;&nbsp;4750 |
| <sup>\*</sup> | Sonos Inc. | &nbsp;&nbsp;251310 | &nbsp;&nbsp;&nbsp;&nbsp;4664 |
| <sup>\*</sup> | Urban Outfitters Inc. | &nbsp;&nbsp;&nbsp;&nbsp;61501 | &nbsp;&nbsp;&nbsp;&nbsp;4555 |
| <sup>\*</sup> | Penn Entertainment Inc. | &nbsp;&nbsp;292360 | &nbsp;&nbsp;&nbsp;&nbsp;4339 |
|  | Patrick Industries Inc. | &nbsp;&nbsp;&nbsp;&nbsp;35972 | &nbsp;&nbsp;&nbsp;&nbsp;3893 |
|  | Strategic Education Inc. | &nbsp;&nbsp;&nbsp;&nbsp;49220 | &nbsp;&nbsp;&nbsp;&nbsp;3840 |
| <sup>\*</sup> | Topgolf Callaway Brands Corp. | &nbsp;&nbsp;290468 | &nbsp;&nbsp;&nbsp;&nbsp;3741 |
| <sup>\*</sup> | M/I Homes Inc. | &nbsp;&nbsp;&nbsp;&nbsp;25814 | &nbsp;&nbsp;&nbsp;&nbsp;3552 |
|  | Century Communities Inc. | &nbsp;&nbsp;&nbsp;&nbsp;53733 | &nbsp;&nbsp;&nbsp;&nbsp;3508 |
|  | La-Z-Boy Inc. | &nbsp;&nbsp;&nbsp;&nbsp;85677 | &nbsp;&nbsp;&nbsp;&nbsp;3335 |
| <sup>\*</sup> | Adient plc | &nbsp;&nbsp;169109 | &nbsp;&nbsp;&nbsp;&nbsp;3291 |
| <sup>\*</sup> | Sally Beauty Holdings Inc. | &nbsp;&nbsp;205661 | &nbsp;&nbsp;&nbsp;&nbsp;3262 |
|  | Newell Brands Inc. | &nbsp;&nbsp;872438 | &nbsp;&nbsp;&nbsp;&nbsp;3184 |
| <sup>\*</sup> | Tri Pointe Homes Inc. | &nbsp;&nbsp;&nbsp;&nbsp;89125 | &nbsp;&nbsp;&nbsp;&nbsp;3041 |
|  | Leggett & Platt Inc. | &nbsp;&nbsp;281735 | &nbsp;&nbsp;&nbsp;&nbsp;2891 |
|  | Papa John's International Inc. | &nbsp;&nbsp;&nbsp;&nbsp;68196 | &nbsp;&nbsp;&nbsp;&nbsp;2869 |
|  | Carter's Inc. | &nbsp;&nbsp;&nbsp;&nbsp;75833 | &nbsp;&nbsp;&nbsp;&nbsp;2420 |
|  | Red Rock Resorts Inc. Class A | &nbsp;&nbsp;&nbsp;&nbsp;40024 | &nbsp;&nbsp;&nbsp;&nbsp;2344 |
| <sup>\*</sup> | G-III Apparel Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;79314 | &nbsp;&nbsp;&nbsp;&nbsp;2312 |
| <sup>\*</sup> | Gentherm Inc. | &nbsp;&nbsp;&nbsp;&nbsp;63412 | &nbsp;&nbsp;&nbsp;&nbsp;2262 |
| <sup>\*</sup> | Hanesbrands Inc. | &nbsp;&nbsp;345364 | &nbsp;&nbsp;&nbsp;&nbsp;2235 |
| <sup>\*</sup> | LGI Homes Inc. | &nbsp;&nbsp;&nbsp;&nbsp;42157 | &nbsp;&nbsp;&nbsp;&nbsp;2193 |
|  | Steven Madden Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;51414 | &nbsp;&nbsp;&nbsp;&nbsp;2148 |
|  | Phinia Inc. | &nbsp;&nbsp;&nbsp;&nbsp;39676 | &nbsp;&nbsp;&nbsp;&nbsp;2146 |
|  | Acushnet Holdings Corp. | &nbsp;&nbsp;&nbsp;&nbsp;25209 | &nbsp;&nbsp;&nbsp;&nbsp;2120 |
|  | Winnebago Industries Inc. | &nbsp;&nbsp;&nbsp;&nbsp;58226 | &nbsp;&nbsp;&nbsp;&nbsp;2107 |
|  | Upbound Group Inc. | &nbsp;&nbsp;108481 | &nbsp;&nbsp;&nbsp;&nbsp;1944 |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  |  | &nbsp;&nbsp;Shares | &nbsp;&nbsp;Market<br> Value<br> ($000) |
|  | Sonic Automotive Inc. Class A | &nbsp;&nbsp;&nbsp;&nbsp;30777 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1940 |
|  | Buckle Inc. | &nbsp;&nbsp;&nbsp;&nbsp;31333 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1770 |
| <sup>\*</sup> | BJ's Restaurants Inc. | &nbsp;&nbsp;&nbsp;&nbsp;46049 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1766 |
|  | Perdoceo Education Corp. | &nbsp;&nbsp;&nbsp;&nbsp;59741 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1670 |
|  | Standard Motor Products Inc. | &nbsp;&nbsp;&nbsp;&nbsp;43366 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1628 |
| <sup>\*</sup> | American Axle & Manufacturing Holdings Inc. | &nbsp;&nbsp;247012 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1623 |
|  | Matthews International Corp. Class A | &nbsp;&nbsp;&nbsp;&nbsp;64100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1573 |
|  | Cheesecake Factory Inc. | &nbsp;&nbsp;&nbsp;&nbsp;32416 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1545 |
|  | Wendy's Co. | &nbsp;&nbsp;181111 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1530 |
| <sup>1</sup> | Cracker Barrel Old Country Store Inc. | &nbsp;&nbsp;&nbsp;&nbsp;46333 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1339 |
| <sup>\*</sup> | Fox Factory Holding Corp. | &nbsp;&nbsp;&nbsp;&nbsp;87039 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1287 |
|  | Golden Entertainment Inc. | &nbsp;&nbsp;&nbsp;&nbsp;40828 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1226 |
|  | Monro Inc. | &nbsp;&nbsp;&nbsp;&nbsp;62431 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1168 |
|  | Ethan Allen Interiors Inc. | &nbsp;&nbsp;&nbsp;&nbsp;48168 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1139 |
|  | Bloomin' Brands Inc. | &nbsp;&nbsp;159354 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1131 |
|  | Oxford Industries Inc. | &nbsp;&nbsp;&nbsp;&nbsp;29207 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1115 |
|  | Guess? Inc. | &nbsp;&nbsp;&nbsp;&nbsp;63895 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1090 |
|  | Sturm Ruger & Co. Inc. | &nbsp;&nbsp;&nbsp;&nbsp;33669 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1014 |
| <sup>\*</sup> | MarineMax Inc. | &nbsp;&nbsp;&nbsp;&nbsp;39319 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;919 |
| <sup>\*</sup> | Helen of Troy Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;47787 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;906 |
|  | Wolverine World Wide Inc. | &nbsp;&nbsp;&nbsp;&nbsp;54123 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;877 |
|  | Shoe Carnival Inc. | &nbsp;&nbsp;&nbsp;&nbsp;36970 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;611 |
| <sup>\*</sup> | Mister Car Wash Inc. | &nbsp;&nbsp;108163 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;578 |
| <sup>\*</sup> | United Parks & Resorts Inc. | &nbsp;&nbsp;&nbsp;&nbsp;11481 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;414 |
|  |  |  | &nbsp;&nbsp;**236963** |
| **Consumer Staples (2.8%)** | **Consumer Staples (2.8%)** | **Consumer Staples (2.8%)** | **Consumer Staples (2.8%)** |
|  | PriceSmart Inc. | &nbsp;&nbsp;&nbsp;&nbsp;52406 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6451 |
| <sup>\*</sup> | United Natural Foods Inc. | &nbsp;&nbsp;126046 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4703 |
|  | Andersons Inc. | &nbsp;&nbsp;&nbsp;&nbsp;70599 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3636 |
| <sup>\*</sup> | Central Garden & Pet Co. Class A | &nbsp;&nbsp;107240 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3318 |
|  | Universal Corp. | &nbsp;&nbsp;&nbsp;&nbsp;51724 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2729 |
|  | Fresh Del Monte Produce Inc. | &nbsp;&nbsp;&nbsp;&nbsp;68790 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2486 |
| <sup>\*</sup> | Grocery Outlet Holding Corp. | &nbsp;&nbsp;204186 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2273 |
| <sup>\*</sup> | TreeHouse Foods Inc. | &nbsp;&nbsp;&nbsp;&nbsp;92525 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2210 |
|  | WD-40 Co. | &nbsp;&nbsp;&nbsp;&nbsp;10974 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2149 |
| <sup>\*</sup> | Simply Good Foods Co. | &nbsp;&nbsp;103964 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2046 |
|  | Reynolds Consumer Products Inc. | &nbsp;&nbsp;&nbsp;&nbsp;80880 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2020 |
|  | Edgewell Personal Care Co. | &nbsp;&nbsp;&nbsp;&nbsp;96748 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1728 |
|  | John B Sanfilippo & Son Inc. | &nbsp;&nbsp;&nbsp;&nbsp;19079 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1386 |
|  | J & J Snack Foods Corp. | &nbsp;&nbsp;&nbsp;&nbsp;14551 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1344 |
|  | Energizer Holdings Inc. | &nbsp;&nbsp;&nbsp;&nbsp;73377 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1338 |
| <sup>\*</sup> | National Beverage Corp. | &nbsp;&nbsp;&nbsp;&nbsp;23380 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;796 |
|  | Tootsie Roll Industries Inc. | &nbsp;&nbsp;&nbsp;&nbsp;17552 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;673 |
|  | MGP Ingredients Inc. | &nbsp;&nbsp;&nbsp;&nbsp;29220 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;666 |
| <sup>\*</sup> | Central Garden & Pet Co. | &nbsp;&nbsp;&nbsp;&nbsp;16909 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;578 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;**42530** |
| **Energy (4.3%)** | **Energy (4.3%)** | **Energy (4.3%)** | **Energy (4.3%)** |
|  | California Resources Corp. | &nbsp;&nbsp;151475 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7237 |
|  | Peabody Energy Corp. | &nbsp;&nbsp;252997 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6892 |
| <sup>\*</sup> | Par Pacific Holdings Inc. | &nbsp;&nbsp;105764 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4828 |
|  | Patterson-UTI Energy Inc. | &nbsp;&nbsp;728594 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4233 |
|  | Crescent Energy Co. Class A | &nbsp;&nbsp;386361 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3643 |
|  | Magnolia Oil & Gas Corp. Class A | &nbsp;&nbsp;138637 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3208 |
| <sup>\*</sup> | Talos Energy Inc. | &nbsp;&nbsp;268611 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3078 |
|  | Noble Corp. plc | &nbsp;&nbsp;&nbsp;&nbsp;96499 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2955 |
|  | Liberty Energy Inc. Class A | &nbsp;&nbsp;151701 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2697 |
|  | World Kinect Corp. | &nbsp;&nbsp;115612 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2680 |
|  | Helmerich & Payne Inc. | &nbsp;&nbsp;&nbsp;&nbsp;86921 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2425 |
|  | SM Energy Co. | &nbsp;&nbsp;119647 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2279 |
| <sup>\*</sup> | Comstock Resources Inc. | &nbsp;&nbsp;&nbsp;&nbsp;80733 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2169 |
| <sup>\*</sup> | CVR Energy Inc. | &nbsp;&nbsp;&nbsp;&nbsp;62792 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2168 |
| <sup>\*</sup> | Bristow Group Inc. Class A | &nbsp;&nbsp;&nbsp;&nbsp;52187 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1958 |
| <sup>\*</sup> | REX American Resources Corp. | &nbsp;&nbsp;&nbsp;&nbsp;58957 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1945 |
|  | International Seaways Inc. | &nbsp;&nbsp;&nbsp;&nbsp;36238 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1920 |
|  | Dorian LPG Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;76375 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1893 |
| <sup>\*</sup> | Innovex International Inc. | &nbsp;&nbsp;&nbsp;&nbsp;80174 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1765 |
| <sup>1</sup> | Kinetik Holdings Inc. Class A | &nbsp;&nbsp;&nbsp;&nbsp;49983 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1733 |
| <sup>\*</sup> | Vital Energy Inc. | &nbsp;&nbsp;&nbsp;&nbsp;60602 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1087 |
| <sup>\*</sup> | Helix Energy Solutions Group Inc. | &nbsp;&nbsp;122338 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;815 |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  |  | &nbsp;&nbsp;Shares | &nbsp;&nbsp;Market<br> Value<br> ($000) |
|  | Core Laboratories Inc. | &nbsp;&nbsp;&nbsp;&nbsp;50764 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;767 |
|  | RPC Inc. | &nbsp;&nbsp;&nbsp;&nbsp;88983 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;473 |
|  |  |  | &nbsp;&nbsp;**64848** |
| **Financials (22.0%)** | **Financials (22.0%)** | **Financials (22.0%)** | **Financials (22.0%)** |
|  | Lincoln National Corp. | &nbsp;&nbsp;350976 | &nbsp;&nbsp;14439 |
|  | Jackson Financial Inc. Class A | &nbsp;&nbsp;144891 | &nbsp;&nbsp;14201 |
|  | MarketAxess Holdings Inc. | &nbsp;&nbsp;&nbsp;&nbsp;77731 | &nbsp;&nbsp;12739 |
|  | Atlantic Union Bankshares Corp. | &nbsp;&nbsp;296428 | &nbsp;&nbsp;10028 |
|  | United Community Banks Inc. | &nbsp;&nbsp;252498 | &nbsp;&nbsp;&nbsp;&nbsp;7716 |
|  | Independent Bank Corp. | &nbsp;&nbsp;103760 | &nbsp;&nbsp;&nbsp;&nbsp;7476 |
| <sup>\*</sup> | Genworth Financial Inc. Class A | &nbsp;&nbsp;853934 | &nbsp;&nbsp;&nbsp;&nbsp;7412 |
|  | Renasant Corp. | &nbsp;&nbsp;197649 | &nbsp;&nbsp;&nbsp;&nbsp;7005 |
|  | Bread Financial Holdings Inc. | &nbsp;&nbsp;&nbsp;&nbsp;97033 | &nbsp;&nbsp;&nbsp;&nbsp;6572 |
|  | Blackstone Mortgage Trust Inc. Class A | &nbsp;&nbsp;331797 | &nbsp;&nbsp;&nbsp;&nbsp;6460 |
|  | Western Union Co. | &nbsp;&nbsp;672008 | &nbsp;&nbsp;&nbsp;&nbsp;5907 |
|  | Seacoast Banking Corp. of Florida | &nbsp;&nbsp;180541 | &nbsp;&nbsp;&nbsp;&nbsp;5698 |
|  | Simmons First National Corp. Class A | &nbsp;&nbsp;300984 | &nbsp;&nbsp;&nbsp;&nbsp;5583 |
|  | Radian Group Inc. | &nbsp;&nbsp;155016 | &nbsp;&nbsp;&nbsp;&nbsp;5511 |
|  | Ameris Bancorp | &nbsp;&nbsp;&nbsp;&nbsp;69493 | &nbsp;&nbsp;&nbsp;&nbsp;5265 |
|  | Provident Financial Services Inc. | &nbsp;&nbsp;271759 | &nbsp;&nbsp;&nbsp;&nbsp;5212 |
|  | WaFd Inc. | &nbsp;&nbsp;163934 | &nbsp;&nbsp;&nbsp;&nbsp;5190 |
|  | Banc of California Inc. | &nbsp;&nbsp;272787 | &nbsp;&nbsp;&nbsp;&nbsp;5030 |
|  | Trustmark Corp. | &nbsp;&nbsp;125623 | &nbsp;&nbsp;&nbsp;&nbsp;4887 |
|  | Moelis & Co. Class A | &nbsp;&nbsp;&nbsp;&nbsp;75638 | &nbsp;&nbsp;&nbsp;&nbsp;4854 |
|  | Walker & Dunlop Inc. | &nbsp;&nbsp;&nbsp;&nbsp;70818 | &nbsp;&nbsp;&nbsp;&nbsp;4578 |
| <sup>\*</sup> | SiriusPoint Ltd. | &nbsp;&nbsp;216063 | &nbsp;&nbsp;&nbsp;&nbsp;4494 |
|  | Stewart Information Services Corp. | &nbsp;&nbsp;&nbsp;&nbsp;58211 | &nbsp;&nbsp;&nbsp;&nbsp;4461 |
|  | Beacon Financial Corp. | &nbsp;&nbsp;172981 | &nbsp;&nbsp;&nbsp;&nbsp;4427 |
|  | First Bancorp (XNGS) | &nbsp;&nbsp;&nbsp;&nbsp;86277 | &nbsp;&nbsp;&nbsp;&nbsp;4401 |
|  | Assured Guaranty Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;47472 | &nbsp;&nbsp;&nbsp;&nbsp;4298 |
| <sup>\*</sup> | Customers Bancorp Inc. | &nbsp;&nbsp;&nbsp;&nbsp;61204 | &nbsp;&nbsp;&nbsp;&nbsp;4217 |
| <sup>\*</sup> | StoneX Group Inc. | &nbsp;&nbsp;&nbsp;&nbsp;45365 | &nbsp;&nbsp;&nbsp;&nbsp;4111 |
|  | ARMOUR Residential REIT Inc. | &nbsp;&nbsp;234000 | &nbsp;&nbsp;&nbsp;&nbsp;4100 |
|  | StepStone Group Inc. Class A | &nbsp;&nbsp;&nbsp;&nbsp;64597 | &nbsp;&nbsp;&nbsp;&nbsp;4080 |
|  | HA Sustainable Infrastructure Capital Inc. | &nbsp;&nbsp;118487 | &nbsp;&nbsp;&nbsp;&nbsp;4071 |
|  | Horace Mann Educators Corp. | &nbsp;&nbsp;&nbsp;&nbsp;84699 | &nbsp;&nbsp;&nbsp;&nbsp;3878 |
|  | First Hawaiian Inc. | &nbsp;&nbsp;147848 | &nbsp;&nbsp;&nbsp;&nbsp;3684 |
|  | BankUnited Inc. | &nbsp;&nbsp;&nbsp;&nbsp;84535 | &nbsp;&nbsp;&nbsp;&nbsp;3653 |
|  | Fulton Financial Corp. | &nbsp;&nbsp;200851 | &nbsp;&nbsp;&nbsp;&nbsp;3645 |
|  | Northwest Bancshares Inc. | &nbsp;&nbsp;304262 | &nbsp;&nbsp;&nbsp;&nbsp;3639 |
| <sup>1</sup> | Arbor Realty Trust Inc. | &nbsp;&nbsp;399729 | &nbsp;&nbsp;&nbsp;&nbsp;3562 |
|  | WSFS Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;62902 | &nbsp;&nbsp;&nbsp;&nbsp;3511 |
|  | Cathay General Bancorp | &nbsp;&nbsp;&nbsp;&nbsp;71894 | &nbsp;&nbsp;&nbsp;&nbsp;3483 |
| <sup>\*</sup> | NCR Atleos Corp. | &nbsp;&nbsp;&nbsp;&nbsp;85764 | &nbsp;&nbsp;&nbsp;&nbsp;3179 |
|  | Artisan Partners Asset Management Inc. Class A | &nbsp;&nbsp;&nbsp;&nbsp;76270 | &nbsp;&nbsp;&nbsp;&nbsp;3164 |
|  | Hilltop Holdings Inc. | &nbsp;&nbsp;&nbsp;&nbsp;91659 | &nbsp;&nbsp;&nbsp;&nbsp;3146 |
|  | CVB Financial Corp. | &nbsp;&nbsp;158843 | &nbsp;&nbsp;&nbsp;&nbsp;3126 |
|  | Stellar Bancorp Inc. | &nbsp;&nbsp;&nbsp;&nbsp;96038 | &nbsp;&nbsp;&nbsp;&nbsp;3036 |
|  | BGC Group Inc. Class A | &nbsp;&nbsp;341200 | &nbsp;&nbsp;&nbsp;&nbsp;2968 |
|  | Bank of Hawaii Corp. | &nbsp;&nbsp;&nbsp;&nbsp;44630 | &nbsp;&nbsp;&nbsp;&nbsp;2925 |
|  | Ellington Financial Inc. | &nbsp;&nbsp;207952 | &nbsp;&nbsp;&nbsp;&nbsp;2849 |
|  | Hope Bancorp Inc. | &nbsp;&nbsp;266317 | &nbsp;&nbsp;&nbsp;&nbsp;2828 |
|  | Apollo Commercial Real Estate Finance Inc. | &nbsp;&nbsp;271889 | &nbsp;&nbsp;&nbsp;&nbsp;2754 |
|  | FB Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;48085 | &nbsp;&nbsp;&nbsp;&nbsp;2686 |
|  | First Financial Bancorp | &nbsp;&nbsp;105442 | &nbsp;&nbsp;&nbsp;&nbsp;2623 |
| <sup>\*</sup> | ProAssurance Corp. | &nbsp;&nbsp;107049 | &nbsp;&nbsp;&nbsp;&nbsp;2578 |
|  | First Bancorp | &nbsp;&nbsp;129406 | &nbsp;&nbsp;&nbsp;&nbsp;2558 |
|  | NBT Bancorp Inc. | &nbsp;&nbsp;&nbsp;&nbsp;61067 | &nbsp;&nbsp;&nbsp;&nbsp;2532 |
| <sup>\*</sup> | Encore Capital Group Inc. | &nbsp;&nbsp;&nbsp;&nbsp;47811 | &nbsp;&nbsp;&nbsp;&nbsp;2481 |
|  | Dime Community Bancshares Inc. | &nbsp;&nbsp;&nbsp;&nbsp;84807 | &nbsp;&nbsp;&nbsp;&nbsp;2404 |
|  | Safety Insurance Group Inc. | &nbsp;&nbsp;&nbsp;&nbsp;31002 | &nbsp;&nbsp;&nbsp;&nbsp;2357 |
|  | PennyMac Mortgage Investment Trust | &nbsp;&nbsp;181159 | &nbsp;&nbsp;&nbsp;&nbsp;2326 |
| <sup>\*</sup> | EZCORP Inc. Class A | &nbsp;&nbsp;120582 | &nbsp;&nbsp;&nbsp;&nbsp;2325 |
|  | Community Financial System Inc. | &nbsp;&nbsp;&nbsp;&nbsp;39608 | &nbsp;&nbsp;&nbsp;&nbsp;2248 |
|  | Banner Corp. | &nbsp;&nbsp;&nbsp;&nbsp;35275 | &nbsp;&nbsp;&nbsp;&nbsp;2216 |
|  | Two Harbors Investment Corp. | &nbsp;&nbsp;216755 | &nbsp;&nbsp;&nbsp;&nbsp;2198 |
|  | First Commonwealth Financial Corp. | &nbsp;&nbsp;114979 | &nbsp;&nbsp;&nbsp;&nbsp;1868 |
|  | Enact Holdings Inc. | &nbsp;&nbsp;&nbsp;&nbsp;47272 | &nbsp;&nbsp;&nbsp;&nbsp;1830 |
|  | Franklin BSP Realty Trust Inc. | &nbsp;&nbsp;171251 | &nbsp;&nbsp;&nbsp;&nbsp;1784 |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  |  | &nbsp;&nbsp;Shares | &nbsp;&nbsp;Market<br> Value<br> ($000) |
|  | Navient Corp. | &nbsp;&nbsp;142836 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1771 |
|  | Southside Bancshares Inc. | &nbsp;&nbsp;&nbsp;&nbsp;58857 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1726 |
|  | Hanmi Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;62165 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1717 |
|  | Heritage Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;70673 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1692 |
|  | Capitol Federal Financial Inc. | &nbsp;&nbsp;254373 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1681 |
|  | United Fire Group Inc. | &nbsp;&nbsp;&nbsp;&nbsp;45649 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1669 |
|  | TrustCo Bank Corp. | &nbsp;&nbsp;&nbsp;&nbsp;39255 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1654 |
| <sup>\*</sup> | Donnelley Financial Solutions Inc. | &nbsp;&nbsp;&nbsp;&nbsp;33192 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1628 |
|  | National Bank Holdings Corp. Class A | &nbsp;&nbsp;&nbsp;&nbsp;43572 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1621 |
|  | Park National Corp. | &nbsp;&nbsp;&nbsp;&nbsp;10100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1551 |
|  | OFG Bancorp | &nbsp;&nbsp;&nbsp;&nbsp;38017 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1510 |
|  | Redwood Trust Inc. | &nbsp;&nbsp;269022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1482 |
|  | S&T Bancorp Inc. | &nbsp;&nbsp;&nbsp;&nbsp;37513 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1481 |
|  | Lakeland Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;24453 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1425 |
|  | Victory Capital Holdings Inc. Class A | &nbsp;&nbsp;&nbsp;&nbsp;21593 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1358 |
|  | EVERTEC Inc. | &nbsp;&nbsp;&nbsp;&nbsp;46635 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1348 |
|  | Adamas Trust Inc. | &nbsp;&nbsp;174864 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1332 |
| <sup>\*</sup> | PRA Group Inc. | &nbsp;&nbsp;&nbsp;&nbsp;81336 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1318 |
|  | Virtus Investment Partners Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8040 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1283 |
|  | Westamerica Bancorp | &nbsp;&nbsp;&nbsp;&nbsp;23835 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1144 |
|  | Tompkins Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;15871 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1097 |
|  | Eagle Bancorp Inc. | &nbsp;&nbsp;&nbsp;&nbsp;57524 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1091 |
| <sup>\*</sup> | World Acceptance Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6488 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1003 |
| <sup>\*</sup> | Triumph Financial Inc. | &nbsp;&nbsp;&nbsp;&nbsp;18297 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;999 |
|  | KKR Real Estate Finance Trust Inc. | &nbsp;&nbsp;113442 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;963 |
|  | Employers Holdings Inc. | &nbsp;&nbsp;&nbsp;&nbsp;23488 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;936 |
|  | AMERISAFE Inc. | &nbsp;&nbsp;&nbsp;&nbsp;21706 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;886 |
|  | Ready Capital Corp. | &nbsp;&nbsp;321474 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;813 |
|  | Central Pacific Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;21324 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;634 |
|  |  |  | &nbsp;&nbsp;**329280** |
| **Health Care (7.7%)** | **Health Care (7.7%)** | **Health Care (7.7%)** | **Health Care (7.7%)** |
|  | Teleflex Inc. | &nbsp;&nbsp;&nbsp;&nbsp;91930 | &nbsp;&nbsp;&nbsp;&nbsp;10519 |
| <sup>\*</sup> | Arrowhead Pharmaceuticals Inc. | &nbsp;&nbsp;175437 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9245 |
| <sup>\*</sup> | BrightSpring Health Services Inc. | &nbsp;&nbsp;158889 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5745 |
| <sup>\*</sup> | Pediatrix Medical Group Inc. | &nbsp;&nbsp;177529 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4277 |
|  | Organon & Co. | &nbsp;&nbsp;540435 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4167 |
| <sup>\*</sup> | QuidelOrtho Corp. | &nbsp;&nbsp;141319 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3865 |
| <sup>\*</sup> | Ligand Pharmaceuticals Inc. | &nbsp;&nbsp;&nbsp;&nbsp;18349 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3728 |
| <sup>\*</sup> | Alkermes plc | &nbsp;&nbsp;123531 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3654 |
| <sup>\*</sup> | Enovis Corp. | &nbsp;&nbsp;118963 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3601 |
|  | Select Medical Holdings Corp. | &nbsp;&nbsp;229674 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3558 |
| <sup>\*</sup> | Omnicell Inc. | &nbsp;&nbsp;&nbsp;&nbsp;95491 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3486 |
| <sup>\*</sup> | Acadia Healthcare Co. Inc. | &nbsp;&nbsp;192218 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3306 |
| <sup>\*</sup> | Waystar Holding Corp. | &nbsp;&nbsp;&nbsp;&nbsp;86053 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3176 |
|  | Concentra Group Holdings Parent Inc. | &nbsp;&nbsp;146150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3005 |
|  | CONMED Corp. | &nbsp;&nbsp;&nbsp;&nbsp;64423 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2797 |
| <sup>\*</sup> | Neogen Corp. | &nbsp;&nbsp;452157 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2704 |
| <sup>\*</sup> | Supernus Pharmaceuticals Inc. | &nbsp;&nbsp;&nbsp;&nbsp;57107 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2603 |
| <sup>\*</sup> | Prestige Consumer Healthcare Inc. | &nbsp;&nbsp;&nbsp;&nbsp;40961 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2439 |
| <sup>\*</sup> | Fortrea Holdings Inc. | &nbsp;&nbsp;188991 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2402 |
| <sup>\*</sup> | Certara Inc. | &nbsp;&nbsp;250765 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2297 |
| <sup>\*</sup> | Pacira BioSciences Inc. | &nbsp;&nbsp;&nbsp;&nbsp;93340 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2200 |
| <sup>\*</sup> | Progyny Inc. | &nbsp;&nbsp;&nbsp;&nbsp;83228 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2195 |
| <sup>\*</sup> | AdaptHealth Corp. Class A | &nbsp;&nbsp;223197 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2156 |
| <sup>\*</sup> | ACADIA Pharmaceuticals Inc. | &nbsp;&nbsp;&nbsp;&nbsp;80545 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2017 |
| <sup>\*</sup> | Integra LifeSciences Holdings Corp. | &nbsp;&nbsp;139476 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1830 |
| <sup>\*</sup> | Privia Health Group Inc. | &nbsp;&nbsp;&nbsp;&nbsp;74463 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1815 |
| <sup>\*</sup> | NeoGenomics Inc. | &nbsp;&nbsp;147901 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1790 |
| <sup>\*</sup> | Addus HomeCare Corp. | &nbsp;&nbsp;&nbsp;&nbsp;14345 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1724 |
|  | Embecta Corp. | &nbsp;&nbsp;121747 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1553 |
| <sup>\*</sup> | Azenta Inc. | &nbsp;&nbsp;&nbsp;&nbsp;43198 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1536 |
| <sup>\*</sup> | Xencor Inc. | &nbsp;&nbsp;&nbsp;&nbsp;86124 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1492 |
| <sup>\*</sup> | Myriad Genetics Inc. | &nbsp;&nbsp;193674 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1478 |
| <sup>\*</sup> | Dynavax Technologies Corp. | &nbsp;&nbsp;122441 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1392 |
| <sup>\*</sup> | AMN Healthcare Services Inc. | &nbsp;&nbsp;&nbsp;&nbsp;79794 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1328 |
| <sup>\*</sup> | Cytek Biosciences Inc. | &nbsp;&nbsp;227752 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1287 |
|  | National HealthCare Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9270 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1263 |
| <sup>\*</sup> | Vir Biotechnology Inc. | &nbsp;&nbsp;196640 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1262 |
| <sup>\*</sup> | Innoviva Inc. | &nbsp;&nbsp;&nbsp;&nbsp;56108 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1219 |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  |  | &nbsp;&nbsp;Shares | &nbsp;&nbsp;Market<br> Value<br> ($000) |
|  | US Physical Therapy Inc. | &nbsp;&nbsp;&nbsp;&nbsp;16136 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1192 |
| <sup>\*</sup> | STAAR Surgical Co. | &nbsp;&nbsp;&nbsp;&nbsp;44378 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1178 |
| <sup>\*</sup> | Avanos Medical Inc. | &nbsp;&nbsp;&nbsp;&nbsp;96574 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1134 |
| <sup>\*</sup> | Schrodinger Inc. | &nbsp;&nbsp;&nbsp;&nbsp;54831 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;963 |
| <sup>\*</sup> | Amphastar Pharmaceuticals Inc. | &nbsp;&nbsp;&nbsp;&nbsp;27568 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;764 |
|  | HealthStream Inc. | &nbsp;&nbsp;&nbsp;&nbsp;20741 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;522 |
|  |  |  | &nbsp;&nbsp;**115864** |
| **Industrials (14.8%)** | **Industrials (14.8%)** | **Industrials (14.8%)** | **Industrials (14.8%)** |
|  | Air Lease Corp. Class A | &nbsp;&nbsp;218568 | &nbsp;&nbsp;&nbsp;&nbsp;13973 |
| <sup>\*</sup> | Sunrun Inc. | &nbsp;&nbsp;479970 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9719 |
| <sup>\*</sup> | Resideo Technologies Inc. | &nbsp;&nbsp;284692 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9392 |
| <sup>\*</sup> | Amentum Holdings Inc. | &nbsp;&nbsp;318895 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9130 |
|  | JBT Marel Corp. | &nbsp;&nbsp;&nbsp;&nbsp;62701 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8811 |
| <sup>\*</sup> | Mercury Systems Inc. | &nbsp;&nbsp;109692 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7666 |
| <sup>\*</sup> | Hayward Holdings Inc. | &nbsp;&nbsp;414782 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6823 |
| <sup>\*</sup> | AAR Corp. | &nbsp;&nbsp;&nbsp;&nbsp;79950 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6653 |
|  | Boise Cascade Co. | &nbsp;&nbsp;&nbsp;&nbsp;77673 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5922 |
|  | Robert Half Inc. | &nbsp;&nbsp;208011 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5625 |
|  | ABM Industries Inc. | &nbsp;&nbsp;129546 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5570 |
| <sup>\*</sup> | Everus Construction Group Inc. | &nbsp;&nbsp;&nbsp;&nbsp;55201 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5076 |
|  | Hub Group Inc. Class A | &nbsp;&nbsp;126195 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4867 |
|  | Hillenbrand Inc. | &nbsp;&nbsp;146681 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4670 |
|  | Kennametal Inc. | &nbsp;&nbsp;158036 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4374 |
| <sup>\*</sup> | Gates Industrial Corp. plc | &nbsp;&nbsp;182083 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4144 |
|  | Arcosa Inc. | &nbsp;&nbsp;&nbsp;&nbsp;36734 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3914 |
|  | Enpro Inc. | &nbsp;&nbsp;&nbsp;&nbsp;16632 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3706 |
|  | Worthington Enterprises Inc. | &nbsp;&nbsp;&nbsp;&nbsp;65329 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3584 |
|  | Werner Enterprises Inc. | &nbsp;&nbsp;124358 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3179 |
| <sup>\*</sup> | MYR Group Inc. | &nbsp;&nbsp;&nbsp;&nbsp;13894 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3117 |
| <sup>\*</sup> | Enviri Corp. | &nbsp;&nbsp;167873 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3079 |
| <sup>\*</sup> | Gibraltar Industries Inc. | &nbsp;&nbsp;&nbsp;&nbsp;61349 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3065 |
|  | ArcBest Corp. | &nbsp;&nbsp;&nbsp;&nbsp;47294 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3035 |
|  | UniFirst Corp. | &nbsp;&nbsp;&nbsp;&nbsp;17161 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2961 |
|  | Franklin Electric Co. Inc. | &nbsp;&nbsp;&nbsp;&nbsp;31062 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2956 |
| <sup>\*</sup> | Masterbrand Inc. | &nbsp;&nbsp;263786 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2925 |
| <sup>\*</sup> | Healthcare Services Group Inc. | &nbsp;&nbsp;150729 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2831 |
|  | Tennant Co. | &nbsp;&nbsp;&nbsp;&nbsp;38444 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2811 |
|  | ManpowerGroup Inc. | &nbsp;&nbsp;&nbsp;&nbsp;96170 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2766 |
| <sup>\*</sup> | JetBlue Airways Corp. | &nbsp;&nbsp;604433 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2762 |
|  | Korn Ferry | &nbsp;&nbsp;&nbsp;&nbsp;41326 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2718 |
|  | Matson Inc. | &nbsp;&nbsp;&nbsp;&nbsp;23807 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2595 |
|  | Brady Corp. Class A | &nbsp;&nbsp;&nbsp;&nbsp;32757 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2563 |
| <sup>\*</sup> | Proto Labs Inc. | &nbsp;&nbsp;&nbsp;&nbsp;49622 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2522 |
|  | Rush Enterprises Inc. Class A | &nbsp;&nbsp;&nbsp;&nbsp;48429 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2521 |
| <sup>\*</sup> | RXO Inc. | &nbsp;&nbsp;180882 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2391 |
| <sup>\*</sup> | DNOW Inc. | &nbsp;&nbsp;168041 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2346 |
|  | Schneider National Inc. Class B | &nbsp;&nbsp;103670 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2344 |
|  | WillScot Holdings Corp. | &nbsp;&nbsp;115014 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2272 |
|  | MillerKnoll Inc. | &nbsp;&nbsp;141146 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2234 |
|  | CSG Systems International Inc. | &nbsp;&nbsp;&nbsp;&nbsp;27951 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2202 |
|  | Standex International Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8782 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2153 |
| <sup>\*</sup> | Allegiant Travel Co. | &nbsp;&nbsp;&nbsp;&nbsp;28056 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2132 |
|  | Astec Industries Inc. | &nbsp;&nbsp;&nbsp;&nbsp;47522 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2103 |
|  | Alamo Group Inc. | &nbsp;&nbsp;&nbsp;&nbsp;12545 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2012 |
|  | HNI Corp. | &nbsp;&nbsp;&nbsp;&nbsp;45807 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1902 |
|  | Deluxe Corp. | &nbsp;&nbsp;&nbsp;&nbsp;93210 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1894 |
| <sup>\*</sup> | CoreCivic Inc. | &nbsp;&nbsp;104742 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1891 |
| <sup>\*</sup> | Vicor Corp. | &nbsp;&nbsp;&nbsp;&nbsp;20932 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1870 |
| <sup>\*</sup> | Upwork Inc. | &nbsp;&nbsp;&nbsp;&nbsp;88525 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1748 |
|  | Pitney Bowes Inc. | &nbsp;&nbsp;174731 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1723 |
| <sup>\*</sup> | American Woodmark Corp. | &nbsp;&nbsp;&nbsp;&nbsp;30288 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1670 |
| <sup>\*</sup> | Sun Country Airlines Holdings Inc. | &nbsp;&nbsp;110993 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1521 |
|  | Vestis Corp. | &nbsp;&nbsp;233309 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1512 |
|  | Albany International Corp. Class A | &nbsp;&nbsp;&nbsp;&nbsp;30717 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1465 |
|  | Lindsay Corp. | &nbsp;&nbsp;&nbsp;&nbsp;12409 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1426 |
| <sup>\*,1</sup> | Hertz Global Holdings Inc. | &nbsp;&nbsp;258768 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1356 |
|  | Insteel Industries Inc. | &nbsp;&nbsp;&nbsp;&nbsp;40415 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1236 |
|  | Marten Transport Ltd. | &nbsp;&nbsp;120504 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1235 |
|  | Quanex Building Products Corp. | &nbsp;&nbsp;&nbsp;&nbsp;95163 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1233 |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  |  | &nbsp;&nbsp;Shares | &nbsp;&nbsp;Market<br> Value<br> ($000) |
|  | Heidrick & Struggles International Inc. | &nbsp;&nbsp;&nbsp;&nbsp;19875 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1170 |
|  | National Presto Industries Inc. | &nbsp;&nbsp;&nbsp;&nbsp;10999 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1032 |
| <sup>\*</sup> | Titan International Inc. | &nbsp;&nbsp;&nbsp;&nbsp;99686 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;806 |
|  | Heartland Express Inc. | &nbsp;&nbsp;&nbsp;&nbsp;95010 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;747 |
| <sup>\*</sup> | Forward Air Corp. | &nbsp;&nbsp;&nbsp;&nbsp;27732 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;637 |
|  |  |  | &nbsp;&nbsp;**222288** |
| **Information Technology (11.6%)** | **Information Technology (11.6%)** | **Information Technology (11.6%)** | **Information Technology (11.6%)** |
| <sup>\*</sup> | Qorvo Inc. | &nbsp;&nbsp;175392 | &nbsp;&nbsp;&nbsp;&nbsp;15064 |
|  | Ralliant Corp. | &nbsp;&nbsp;234519 | &nbsp;&nbsp;&nbsp;&nbsp;11578 |
| <sup>\*</sup> | Viasat Inc. | &nbsp;&nbsp;279296 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9588 |
| <sup>\*</sup> | Sanmina Corp. | &nbsp;&nbsp;&nbsp;&nbsp;57636 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9001 |
|  | Advanced Energy Industries Inc. | &nbsp;&nbsp;&nbsp;&nbsp;39950 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8437 |
| <sup>\*</sup> | Enphase Energy Inc. | &nbsp;&nbsp;271997 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7847 |
| <sup>\*</sup> | TTM Technologies Inc. | &nbsp;&nbsp;103175 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7241 |
| <sup>\*</sup> | Insight Enterprises Inc. | &nbsp;&nbsp;&nbsp;&nbsp;65478 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5668 |
| <sup>\*</sup> | DXC Technology Co. | &nbsp;&nbsp;372399 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4916 |
|  | Kulicke & Soffa Industries Inc. | &nbsp;&nbsp;108500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4894 |
| <sup>\*</sup> | FormFactor Inc. | &nbsp;&nbsp;&nbsp;&nbsp;88262 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4856 |
| <sup>\*</sup> | Viavi Solutions Inc. | &nbsp;&nbsp;264550 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4746 |
| <sup>\*</sup> | Diodes Inc. | &nbsp;&nbsp;&nbsp;&nbsp;96538 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4461 |
| <sup>\*</sup> | Calix Inc. | &nbsp;&nbsp;&nbsp;&nbsp;74132 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4097 |
| <sup>\*</sup> | Knowles Corp. | &nbsp;&nbsp;178748 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4018 |
| <sup>\*</sup> | NetScout Systems Inc. | &nbsp;&nbsp;141940 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3815 |
| <sup>\*</sup> | Teradata Corp. | &nbsp;&nbsp;127647 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3656 |
| <sup>\*</sup> | Veeco Instruments Inc. | &nbsp;&nbsp;125046 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3655 |
|  | Vishay Intertechnology Inc. | &nbsp;&nbsp;256685 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3509 |
| <sup>\*,1</sup> | SolarEdge Technologies Inc. | &nbsp;&nbsp;&nbsp;&nbsp;86518 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3161 |
| <sup>\*</sup> | Rogers Corp. | &nbsp;&nbsp;&nbsp;&nbsp;35027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2936 |
| <sup>\*</sup> | NCR Voyix Corp. | &nbsp;&nbsp;287266 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2904 |
| <sup>\*</sup> | MaxLinear Inc. Class A | &nbsp;&nbsp;170405 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2653 |
|  | ePlus Inc. | &nbsp;&nbsp;&nbsp;&nbsp;29076 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2605 |
| <sup>\*</sup> | Plexus Corp. | &nbsp;&nbsp;&nbsp;&nbsp;17948 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2566 |
| <sup>\*</sup> | Extreme Networks Inc. | &nbsp;&nbsp;142957 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2502 |
| <sup>\*</sup> | Ultra Clean Holdings Inc. | &nbsp;&nbsp;&nbsp;&nbsp;94357 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2393 |
| <sup>\*</sup> | Cohu Inc. | &nbsp;&nbsp;&nbsp;&nbsp;97171 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2363 |
| <sup>\*</sup> | Axcelis Technologies Inc. | &nbsp;&nbsp;&nbsp;&nbsp;26810 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2219 |
| <sup>\*</sup> | Alarm.com Holdings Inc. | &nbsp;&nbsp;&nbsp;&nbsp;41465 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2155 |
| <sup>\*</sup> | Penguin Solutions Inc. | &nbsp;&nbsp;&nbsp;&nbsp;99267 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2008 |
| <sup>\*</sup> | LiveRamp Holdings Inc. | &nbsp;&nbsp;&nbsp;&nbsp;65534 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1891 |
| <sup>\*</sup> | ScanSource Inc. | &nbsp;&nbsp;&nbsp;&nbsp;43174 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1775 |
|  | Adeia Inc. | &nbsp;&nbsp;143418 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1774 |
| <sup>\*</sup> | Photronics Inc. | &nbsp;&nbsp;&nbsp;&nbsp;72626 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1664 |
| <sup>\*</sup> | ACM Research Inc. Class A | &nbsp;&nbsp;&nbsp;&nbsp;48218 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1611 |
|  | Benchmark Electronics Inc. | &nbsp;&nbsp;&nbsp;&nbsp;32902 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1478 |
|  | PC Connection Inc. | &nbsp;&nbsp;&nbsp;&nbsp;23769 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1380 |
| <sup>\*</sup> | Arlo Technologies Inc. | &nbsp;&nbsp;&nbsp;&nbsp;93445 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1355 |
| <sup>\*</sup> | Digi International Inc. | &nbsp;&nbsp;&nbsp;&nbsp;31700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1326 |
| <sup>\*</sup> | Ichor Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;71464 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1201 |
| <sup>\*</sup> | Sprinklr Inc. Class A | &nbsp;&nbsp;156709 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1133 |
| <sup>\*</sup> | Harmonic Inc. | &nbsp;&nbsp;116059 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1110 |
|  | CTS Corp. | &nbsp;&nbsp;&nbsp;&nbsp;24543 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1039 |
|  | A10 Networks Inc. | &nbsp;&nbsp;&nbsp;&nbsp;60065 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1034 |
| <sup>\*</sup> | Corsair Gaming Inc. | &nbsp;&nbsp;&nbsp;&nbsp;97035 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;633 |
| <sup>\*</sup> | N-able Inc. | &nbsp;&nbsp;&nbsp;&nbsp;87191 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;628 |
| <sup>\*</sup> | CEVA Inc. | &nbsp;&nbsp;&nbsp;&nbsp;25820 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;557 |
| <sup>\*</sup> | Alpha & Omega Semiconductor Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;26773 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;543 |
| <sup>\*</sup> | Grid Dynamics Holdings Inc. | &nbsp;&nbsp;&nbsp;&nbsp;46819 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;410 |
|  |  |  | &nbsp;&nbsp;**174054** |
| **Materials (7.2%)** | **Materials (7.2%)** | **Materials (7.2%)** | **Materials (7.2%)** |
|  | Hecla Mining Co. | &nbsp;&nbsp;990284 | &nbsp;&nbsp;&nbsp;&nbsp;16657 |
|  | Eastman Chemical Co. | &nbsp;&nbsp;238878 | &nbsp;&nbsp;&nbsp;&nbsp;14830 |
|  | Celanese Corp. | &nbsp;&nbsp;227775 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9487 |
|  | Sealed Air Corp. | &nbsp;&nbsp;186664 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8017 |
|  | Element Solutions Inc. | &nbsp;&nbsp;255169 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6614 |
|  | HB Fuller Co. | &nbsp;&nbsp;112272 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6543 |
|  | Materion Corp. | &nbsp;&nbsp;&nbsp;&nbsp;43124 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5269 |
| <sup>\*</sup> | O-I Glass Inc. | &nbsp;&nbsp;320295 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4318 |
|  | Sensient Technologies Corp. | &nbsp;&nbsp;&nbsp;&nbsp;41496 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4045 |
|  | Chemours Co. | &nbsp;&nbsp;311582 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3985 |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  |  | &nbsp;&nbsp;Shares | &nbsp;&nbsp;Market<br> Value<br> ($000) |
|  | Quaker Chemical Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28565 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3938 |
|  | Minerals Technologies Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;65216 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3825 |
|  | FMC Corp. | &nbsp;&nbsp;&nbsp;&nbsp;259649 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3710 |
|  | Kaiser Aluminum Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33351 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3203 |
|  | Worthington Steel Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67754 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2287 |
|  | Stepan Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44618 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2023 |
| <sup>\*</sup> | Ingevity Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37202 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1943 |
|  | Innospec Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25836 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1932 |
| <sup>\*</sup> | Alpha Metallurgical Resources Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8450 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1345 |
| <sup>\*</sup> | Metallus Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74875 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1266 |
|  | Koppers Holdings Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1217 |
|  | SunCoke Energy Inc. | &nbsp;&nbsp;&nbsp;&nbsp;176250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1149 |
|  | AdvanSix Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55853 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;860 |
|  |  |  | &nbsp;&nbsp;**108463** |
| **Real Estate (6.9%)** | **Real Estate (6.9%)** | **Real Estate (6.9%)** | **Real Estate (6.9%)** |
| <sup>1</sup> | Millrose Properties Inc. | &nbsp;&nbsp;&nbsp;&nbsp;320727 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9769 |
|  | CareTrust REIT Inc. | &nbsp;&nbsp;&nbsp;&nbsp;233735 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8772 |
| <sup>\*</sup> | Cushman & Wakefield Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;481661 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8068 |
|  | Terreno Realty Corp. | &nbsp;&nbsp;&nbsp;&nbsp;109612 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6883 |
|  | LXP Industrial Trust | &nbsp;&nbsp;&nbsp;&nbsp;123089 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5970 |
| <sup>1</sup> | Medical Properties Trust Inc. | &nbsp;&nbsp;1025584 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5907 |
|  | Phillips Edison & Co. Inc. | &nbsp;&nbsp;&nbsp;&nbsp;146371 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5196 |
|  | Global Net Lease Inc. | &nbsp;&nbsp;&nbsp;&nbsp;413074 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3391 |
|  | Macerich Co. | &nbsp;&nbsp;&nbsp;&nbsp;178615 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3101 |
|  | Apple Hospitality REIT Inc. | &nbsp;&nbsp;&nbsp;&nbsp;233985 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2782 |
|  | Tanger Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;77754 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2611 |
|  | Highwoods Properties Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;87731 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2439 |
|  | Four Corners Property Trust Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99840 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2400 |
|  | Alexander & Baldwin Inc. | &nbsp;&nbsp;&nbsp;&nbsp;151459 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2367 |
|  | JBG SMITH Properties | &nbsp;&nbsp;&nbsp;&nbsp;128203 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2337 |
|  | eXp World Holdings Inc. | &nbsp;&nbsp;&nbsp;&nbsp;186155 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2113 |
|  | SL Green Realty Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44266 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2086 |
|  | Urban Edge Properties | &nbsp;&nbsp;&nbsp;&nbsp;104738 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2013 |
|  | Easterly Government Properties Inc. Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;89607 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1954 |
|  | LTC Properties Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50655 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1848 |
|  | Douglas Emmett Inc. | &nbsp;&nbsp;&nbsp;&nbsp;146400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1785 |
|  | Getty Realty Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61786 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1759 |
|  | Acadia Realty Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;84542 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1739 |
|  | Kennedy-Wilson Holdings Inc. | &nbsp;&nbsp;&nbsp;&nbsp;157327 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1531 |
|  | Marcus & Millichap Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50310 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1474 |
|  | Veris Residential Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;96361 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1451 |
|  | Pebblebrook Hotel Trust | &nbsp;&nbsp;&nbsp;&nbsp;123445 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1400 |
|  | Safehold Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;95627 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1326 |
|  | Elme Communities | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75225 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1306 |
|  | Brandywine Realty Trust | &nbsp;&nbsp;&nbsp;&nbsp;361627 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1240 |
|  | Centerspace | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15330 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1023 |
|  | Innovative Industrial Properties Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18638 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;922 |
|  | SITE Centers Corp. | &nbsp;&nbsp;&nbsp;&nbsp;109111 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;803 |
|  | American Assets Trust Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40299 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;786 |
|  | Whitestone REIT | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46696 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;621 |
|  | Summit Hotel Properties Inc. | &nbsp;&nbsp;&nbsp;&nbsp;112293 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;602 |
|  | Universal Health Realty Income Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13246 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;539 |
|  | Armada Hoffler Properties Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60143 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;395 |
|  | Saul Centers Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12157 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;378 |
|  |  |  | &nbsp;&nbsp;**103087** |
| **Utilities (3.5%)** | **Utilities (3.5%)** | **Utilities (3.5%)** | **Utilities (3.5%)** |
|  | MDU Resources Group Inc. | &nbsp;&nbsp;&nbsp;&nbsp;425051 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9062 |
|  | Avista Corp. | &nbsp;&nbsp;&nbsp;&nbsp;168770 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6984 |
|  | Clearway Energy Inc. Class C | &nbsp;&nbsp;&nbsp;&nbsp;173282 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6346 |
|  | California Water Service Group | &nbsp;&nbsp;&nbsp;&nbsp;124010 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5626 |
|  | Northwest Natural Holding Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;85113 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4211 |
|  | Otter Tail Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47921 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3939 |
|  | H2O America | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68207 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3167 |
|  | American States Water Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40020 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2952 |
|  | Chesapeake Utilities Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21050 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2927 |
|  | Clearway Energy Inc. Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71937 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2460 |
|  | MGE Energy Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28903 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2394 |
|  | Unitil Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22458 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1128 |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  |  |  | &nbsp;&nbsp;Shares | &nbsp;&nbsp;Market<br> Value<br> ($000) |
|  | Middlesex Water Co. | Middlesex Water Co. | &nbsp;&nbsp;&nbsp;&nbsp;18774 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;963 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**52159** |
| **Total Common Stocks (Cost $1,452,595)** | **Total Common Stocks (Cost $1,452,595)** | **Total Common Stocks (Cost $1,452,595)** | **Total Common Stocks (Cost $1,452,595)** | **1493633** |
|  |  | &nbsp;&nbsp;Coupon |  |  |
| **Temporary Cash Investments (0.7%)** | **Temporary Cash Investments (0.7%)** | **Temporary Cash Investments (0.7%)** | **Temporary Cash Investments (0.7%)** | **Temporary Cash Investments (0.7%)** |
| **Money Market Fund (0.7%)** | **Money Market Fund (0.7%)** | **Money Market Fund (0.7%)** | **Money Market Fund (0.7%)** | **Money Market Fund (0.7%)** |
| <sup>2,3</sup> | Vanguard Market Liquidity Fund **(Cost $10,126)** | &nbsp;&nbsp;4.024% | &nbsp;&nbsp;101277 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**10127** |
| **Total Investments (100.3%) (Cost $1,462,721)** | **Total Investments (100.3%) (Cost $1,462,721)** | **Total Investments (100.3%) (Cost $1,462,721)** |  | &nbsp;&nbsp;**1503760** |
| **Other Assets and Liabilities—Net (-0.3%)** | **Other Assets and Liabilities—Net (-0.3%)** | **Other Assets and Liabilities—Net (-0.3%)** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(5189)** |
| **Net Assets (100%)** | **Net Assets (100%)** | **Net Assets (100%)** |  | &nbsp;&nbsp;**1498571** |

---

Cost is in $000.

---

| | |
|:---|:---|
| \* | Non-income-producing security. |
| 1 | Includes partial security positions on loan to broker-dealers. The total value of securities on loan is $9,617. |
| 2 | Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield. |
| 3 | Collateral of $10,114 was received for securities on loan. |

---

REIT—Real Estate Investment Trust.

------

#### Derivative Financial Instruments Outstanding as of Period End

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Futures Contracts | Futures Contracts | Futures Contracts | Futures Contracts | Futures Contracts |
|  |  |  | ($000) | ($000) |
|  | Expiration | Number of<br> Long (Short)<br> Contracts | Notional<br> Amount | &nbsp;&nbsp;Value and<br> Unrealized<br> Appreciation<br> (Depreciation) |
| Long Futures Contracts | Long Futures Contracts | Long Futures Contracts | Long Futures Contracts | Long Futures Contracts |
| E-mini Russell 2000 Index | December 2025 | 20 | 2505 | &nbsp;&nbsp;91 |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| Over-the-Counter Total Return Swaps | Over-the-Counter Total Return Swaps | Over-the-Counter Total Return Swaps | Over-the-Counter Total Return Swaps | Over-the-Counter Total Return Swaps | Over-the-Counter Total Return Swaps | Over-the-Counter Total Return Swaps |
| Reference Entity | Termination<br> Date | Counterparty | Notional<br> Amount<br> ($000) | Floating<br> Interest<br> Rate<br> Received<br> (Paid)<sup>1</sup><br> (%) | Value and<br> Unrealized<br> Appreciation<br> ($000) | Value and<br> Unrealized<br> (Depreciation)<br> ($000) |
| Signet Jewelers Ltd. | 8/31/2026 | BANA | 1799 | (3.880) | &nbsp;&nbsp;&nbsp;2 |  |
| WillScot Holdings Corp. | 8/31/2026 | BANA | &nbsp;&nbsp;&nbsp;&nbsp;559 | (3.880) | 14 |  |
|  |  |  |  |  | 16 |  |

---

1 Based on Overnight Bank Funding Rate as of the most recent reset date. Floating interest payment received/(paid) monthly. <br> BANA—Bank of America, N.A.

------

A. Security Valuation: Securities are valued as of the close of trading on the New York Stock Exchange (generally 4 p.m., Eastern time) on the valuation date. Equity securities are valued at the latest quoted sales prices or official closing prices taken from the primary market in which each security trades; such securities not traded on the valuation date are valued at the mean of the latest quoted bid and asked prices. Securities for which market quotations are not readily available, or whose values have been affected by events occurring before the fund's pricing time but after the close of the securities' primary markets, are valued by methods deemed by the valuation designee to represent fair value and subject to oversight by the board of trustees. Investments in Vanguard Market Liquidity Fund are valued at that fund's net asset value.

B. Futures Contracts: The fund uses index futures contracts to a limited extent, with the objectives of maintaining full exposure to the stock market, maintaining liquidity, and minimizing transaction costs. The fund may purchase futures contracts to immediately invest incoming cash in the market, or sell futures in response to cash outflows, thereby simulating a fully invested position in the underlying index while maintaining a cash balance for liquidity. The primary risks associated with the use of futures contracts are imperfect correlation between changes in market values of stocks held by the fund and the prices of futures contracts, and the possibility of an illiquid market. Counterparty risk involving futures is mitigated because a regulated clearinghouse is the counterparty instead of the clearing broker. To further mitigate counterparty risk, the fund trades futures contracts on an exchange, monitors the financial strength of its clearing brokers and clearinghouse, and has entered into clearing agreements with its clearing brokers. The clearinghouse imposes initial margin requirements to secure the fund's performance and requires daily settlement of variation margin representing changes in the market value of each contract. Any securities pledged as initial margin for open contracts are noted in the Schedule of Investments.

Futures contracts are valued at their quoted daily settlement prices. Fluctuations in the value of the contracts are recorded as an asset (liability).

C. Swap Contracts: The fund has entered into equity swap contracts to earn the total return on selected reference stocks or indexes in the fund's target index. Under the terms of the swaps, the fund receives the total return on the referenced stock (i.e., receiving the increase or paying the decrease in value of the selected reference stock and receiving the equivalent of any dividends in respect of the selected referenced stock) over a specified period of time, applied to a notional amount that represents the value of a designated number of shares of the selected reference stock at the beginning of the equity swap contract. The fund also pays a floating rate that is based on short-term interest rates, applied to the notional amount. At the same time, the fund generally invests an amount approximating the notional amount of the swap in high-quality temporary cash investments.

A risk associated with all types of swaps is the possibility that a counterparty may default on its obligation to pay net amounts due to the fund. The fund's maximum amount subject to counterparty risk is the unrealized appreciation on the swap contract. The fund mitigates its counterparty risk by entering into swaps only with a diverse group of prequalified counterparties, monitoring their financial strength, entering into master netting arrangements with its counterparties, and requiring its counterparties to transfer collateral as security for their performance. In the absence of a default, the collateral pledged or received by the fund cannot be repledged, resold, or rehypothecated. In the event of a counterparty's default (including bankruptcy), the fund may terminate any swap contracts with that counterparty, determine the net amount owed by either party in accordance with its master netting arrangements, and sell or retain any collateral held up to the net amount owed to the fund under the master netting arrangements. The swap contracts contain provisions whereby a counterparty may terminate open contracts if the fund's net assets decline below a certain level, triggering a payment by the fund if the fund is in a net liability position at the time of the termination. The payment amount would be reduced by any collateral the fund has pledged. Any securities pledged as collateral for open contracts are noted in the Schedule of Investments. The value of collateral received or pledged is compared daily to the value of the swap contracts exposure with each counterparty, and any difference, if in excess of a specified minimum transfer amount, is adjusted and settled within two business days.

Swaps are valued daily based on market quotations received from independent pricing services or recognized dealers and the change in value is recorded as an asset (liability) and as unrealized appreciation (depreciation) until periodic payments are made or the termination of the swap, at which time realized gain (loss) is recorded.

D. Various inputs may be used to determine the value of the fund's investments and derivatives. These inputs are summarized in three broad levels for financial statement purposes. The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities.

#### Level 1 —Quoted prices in active markets for identical securities.

#### Level 2 —Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
**Level 3—Significant unobservable inputs (including the fund's own assumptions used to determine the fair value of investments). Any investments and derivatives valued with significant unobservable inputs are noted on the Schedule of Investments.**

------

The following table summarizes the market value of the fund's investments and derivatives as of November 30, 2025, based on the inputs used to value them:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Level 1<br> ($000) | &nbsp;&nbsp;&nbsp;Level 2<br> ($000) | &nbsp;&nbsp;&nbsp;Level 3<br> ($000) | &nbsp;&nbsp;&nbsp;Total<br> ($000) |
| **Investments** |  |  |  |  |
| Assets |  |  |  |  |
| Common Stocks | 1493633 | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;1493633 |
| Temporary Cash Investments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10127 | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10127 |
| Total | 1503760 | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;1503760 |
| **Derivative Financial Instruments** |  |  |  |  |
| Assets |  |  |  |  |
| Futures Contracts<sup>1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91 | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91 |
| Swap Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;16 | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16 |
| Total | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91 | &nbsp;&nbsp;&nbsp;16 | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;107 |

---

1 Includes cumulative appreciation (depreciation) on futures contracts and centrally cleared swaps, if any, as reported in the Schedule of Investments.

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** VANGUARD ADMIRAL FUNDS

- **b. Investment Company Act file number:** 811-07043

- **c. CIK number of Registrant:** 0000891190

- **d. LEI of Registrant:** 5493001VGEE37B6RMO86

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

  - **Street Address 1:** 100 Vanguard Boulevard

  - **City:** Malvern

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** 19355

  - **Telephone number:** 610-669-1000

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

- **a. Name of Series:** VANGUARD S&P SMALL-CAP 600 VALUE INDEX FUND

- **b. EDGAR series identifier (if any):** S000030019

- **c. LEI of Series:** 1L9X7IT41PS23HRPVG96

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

- **a. Date of fiscal year-end:** 2026-08-31

- **b. Date as of which information is reported:** 2025-11-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $1495816047.49

**Total Liabilities:** $186234.91

**Net Assets:** $1495629812.58

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000092049 | 1.39%                | -0.33%               | 2.78%                |
| Class ID C000092048 | 1.39%                | -0.34%               | 2.77%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $4153933.53              | $11776994.50                               |
| Month 2  | $11443113.02             | $-17423784.22                              |
| Month 3  | $44803865.89             | $-5385236.82                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Central Garden & Pet Co                           | CENTRAL GARDEN                             | CUSIP: 153527106<br>LEI: 5493004DVZLD37DJ0H83 | Long             | EC               | CORP              | US        |     16875 | NS      | $576450.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Noble Corp PLC                                    | NOBLE CORP PLC                             | CUSIP: G65431127<br>LEI: 549300I3HBUNXO0OG954 | Long             | EC               | CORP              | US        |     96311 | NS      | $2949042.82   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Ralliant Corp                                     | RALLIANT CORP                              | CUSIP: 750940108<br>LEI: 52990024QKO4DYT8N464 | Long             | EC               | CORP              | US        |    234061 | NS      | $11555591.57  | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Embecta Corp                                      | EMBECTA CORP                               | CUSIP: 29082K105<br>LEI: 549300RPG8GXVDHNXZ62 | Long             | EC               | CORP              | US        |    121509 | NS      | $1549847.30   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Fulton Financial Corp                             | FULTON FINANCIAL                           | CUSIP: 360271100<br>LEI: 5493005QLZ6O1BNC0C11 | Long             | EC               | CORP              | US        |    200459 | NS      | $3638330.85   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| CVR Energy Inc                                    | CVR ENERGY INC                             | CUSIP: 12662P108<br>LEI: 529900SOYZIXZBTXB558 | Long             | EC               | CORP              | US        |     62670 | NS      | $2163995.10   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Thryv Holdings Inc                                | THRYV HOLDINGS I                           | CUSIP: 886029206<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     54146 | NS      | $304841.98    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| MGE Energy Inc                                    | MGE ENERGY INC                             | CUSIP: 55277P104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     28847 | NS      | $2389108.54   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Hillenbrand Inc                                   | HILLENBRAND INC                            | CUSIP: 431571108<br>LEI: U246OE781574J2BUD366 | Long             | EC               | CORP              | US        |    146395 | NS      | $4661216.80   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Health Realty Income Trust              | UNIVERSAL HEALTH                           | CUSIP: 91359E105<br>LEI: 549300L4MWZL4IH6H172 | Long             | EC               | CORP              | US        |     13220 | NS      | $537393.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Axcelis Technologies Inc                          | AXCELIS TECH INC                           | CUSIP: 054540208<br>LEI: 529900HF9B6NL1QG9F05 | Long             | EC               | CORP              | US        |     26758 | NS      | $2214759.66   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Innospec Inc                                      | INNOSPEC INC                               | CUSIP: 45768S105<br>LEI: 213800SQBACNY5IWJO68 | Long             | EC               | CORP              | US        |     25786 | NS      | $1927761.36   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Bloomin' Brands Inc                               | BLOOMIN' BRANDS                            | CUSIP: 094235108<br>LEI: E1UJ2GO305B5FXGV7N04 | Long             | EC               | CORP              | US        |    159042 | NS      | $1129198.20   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Benchmark Electronics Inc                         | BENCHMARK ELECTR                           | CUSIP: 08160H101<br>LEI: 549300W18RHYZOZKOP53 | Long             | EC               | CORP              | US        |     32838 | NS      | $1475411.34   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| TEGNA Inc                                         | TEGNA INC                                  | CUSIP: 87901J105<br>LEI: 549300YC5EDBGX85AO10 | Long             | EC               | CORP              | US        |    334050 | NS      | $6520656.00   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Everus Construction Group Inc                     | EVERUS CONSTRUCT                           | CUSIP: 300426103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     55093 | NS      | $5066352.28   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Four Corners Property Trust Inc                   | FOUR CORNERS PRO                           | CUSIP: 35086T109<br>LEI: 549300SVTPZPBDVNER42 | Long             | EC               | CORP              | US        |     99644 | NS      | $2395441.76   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Element Solutions Inc                             | ELEMENT SOLUTION                           | CUSIP: 28618M106<br>LEI: 549300FLGN6P5CU20J91 | Long             | EC               | CORP              | US        |    254669 | NS      | $6601020.48   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| SITE Centers Corp                                 | SITE CENTERS COR                           | CUSIP: 82981J851<br>LEI: W2AVA6SODOQ1LCYJQR54 | Long             | EC               | CORP              | US        |    108897 | NS      | $801481.92    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Heidrick & Struggles International Inc            | HEIDRICK & STRUG                           | CUSIP: 422819102<br>LEI: 5493006284N2J367VB57 | Long             | EC               | CORP              | US        |     19837 | NS      | $1167804.19   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Progyny Inc                                       | PROGYNY INC                                | CUSIP: 74340E103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     83066 | NS      | $2190450.42   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Southside Bancshares Inc                          | SOUTHSIDE BAN IN                           | CUSIP: 84470P109<br>LEI: 549300TC83207VQA2K65 | Long             | EC               | CORP              | US        |     58741 | NS      | $1722873.53   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Northwest Natural Holding Co                      | NORTHWEST NATURA                           | CUSIP: 66765N105<br>LEI: 254900PSJL6ZEC8FR782 | Long             | EC               | CORP              | US        |     84947 | NS      | $4202328.09   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Centerspace                                       | CENTERSPACE                                | CUSIP: 15202L107<br>LEI: 5493002LG2SH9EEHT720 | Long             | EC               | CORP              | US        |     15300 | NS      | $1021428.00   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Bread Financial Holdings Inc                      | BREAD FINANCIAL                            | CUSIP: 018581108<br>LEI: 549300G8S4PO686J7H97 | Long             | EC               | CORP              | US        |     96843 | NS      | $6559176.39   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of Hawaii Corp                               | BANK OF HAWAII                             | CUSIP: 062540109<br>LEI: 5493006Q8BQ8AD8M2U33 | Long             | EC               | CORP              | US        |     44542 | NS      | $2919282.68   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Moelis & Co                                       | MOELIS & CO-CL A                           | CUSIP: 60786M105<br>LEI: 549300891QNU7VTQUR83 | Long             | EC               | CORP              | US        |     75490 | NS      | $4844193.30   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Innoviva Inc                                      | INNOVIVA INC                               | CUSIP: 45781M101<br>LEI: 549300ACOX4QTBES6535 | Long             | EC               | CORP              | US        |     55998 | NS      | $1216836.54   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Papa John's International Inc                     | PAPA JOHN'S INTL                           | CUSIP: 698813102<br>LEI: HZYLD3DK5XOX0WBVNB56 | Long             | EC               | CORP              | US        |     68062 | NS      | $2863368.34   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Pediatrix Medical Group Inc                       | PEDIATRIX MEDICA                           | CUSIP: 58502B106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    177181 | NS      | $4268290.29   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Wolverine World Wide Inc                          | WOLVERINE WORLD                            | CUSIP: 978097103<br>LEI: 549300OVC7PK14LQ8D87 | Long             | EC               | CORP              | US        |     54017 | NS      | $875615.57    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Avista Corp                                       | AVISTA CORP                                | CUSIP: 05379B107<br>LEI: Q0IK63NITJD6RJ47SW96 | Long             | EC               | CORP              | US        |    168440 | NS      | $6970047.20   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Beacon Financial Corp                             | BEACON FINANCIAL                           | CUSIP: 084680107<br>LEI: 549300AS2OC6UMMBNO37 | Long             | EC               | CORP              | US        |    172643 | NS      | $4417934.37   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| O-I Glass Inc                                     | O-I GLASS INC                              | CUSIP: 67098H104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    319667 | NS      | $4309111.16   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| REX American Resources Corp                       | REX AMERICAN RES                           | CUSIP: 761624105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     58841 | NS      | $1941164.59   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| SJW Group                                         | H2O AMERICA                                | CUSIP: 784305104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     68073 | NS      | $3160629.39   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Triumph Financial Inc                             | TRIUMPH FINANCIA                           | CUSIP: 89679E300<br>LEI: 5493003RNRMEVYDZ1Q52 | Long             | EC               | CORP              | US        |     18261 | NS      | $997233.21    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Sprinklr Inc                                      | SPRINKLR INC-A                             | CUSIP: 85208T107<br>LEI: 254900AR04RJ2BQO5S78 | Long             | EC               | CORP              | US        |    156403 | NS      | $1130793.69   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Metallus Inc                                      | METALLUS INC                               | CUSIP: 887399103<br>LEI: 549300QZTZWHDE9HJL14 | Long             | EC               | CORP              | US        |     74729 | NS      | $1263667.39   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| AAR Corp                                          | AAR CORP                                   | CUSIP: 000361105<br>LEI: MP76T5YQX3YK5VVAQ802 | Long             | EC               | CORP              | US        |     79794 | NS      | $6639658.74   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Kohl's Corp                                       | KOHLS CORP                                 | CUSIP: 500255104<br>LEI: 549300JF6LPRTRJ0FH50 | Long             | EC               | CORP              | US        |    232666 | NS      | $5721256.94   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Hayward Holdings Inc                              | HAYWARD HOLDINGS                           | CUSIP: 421298100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    413970 | NS      | $6809806.50   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Provident Financial Services Inc                  | PROVIDENT FINANC                           | CUSIP: 74386T105<br>LEI: 529900JOSO3SXEDVE477 | Long             | EC               | CORP              | US        |    271227 | NS      | $5202133.86   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Calix Inc                                         | CALIX INC                                  | CUSIP: 13100M509<br>LEI: 5299002RQRZ4SXSCSJ58 | Long             | EC               | CORP              | US        |     73986 | NS      | $4089206.22   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| IAC Inc                                           | IAC INC                                    | CUSIP: 44891N208<br>LEI: 549300TO56L57RP6P031 | Long             | EC               | CORP              | US        |    140539 | NS      | $4928702.73   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| TTM Technologies Inc                              | TTM TECHNOLOGIES                           | CUSIP: 87305R109<br>LEI: 549300SC4BDOIS008048 | Long             | EC               | CORP              | US        |    102973 | NS      | $7226645.14   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackstone Mortgage Trust Inc                     | BLACKSTONE MOR-A                           | CUSIP: 09257W100<br>LEI: 549300OLDJ20R2Y2UW20 | Long             | EC               | CORP              | US        |    331147 | NS      | $6447432.09   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Albany International Corp                         | ALBANY INTL CORP                           | CUSIP: 012348108<br>LEI: L73WCPNCZIRSQGZTW097 | Long             | EC               | CORP              | US        |     30657 | NS      | $1461725.76   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Boise Cascade Co                                  | BOISE CASCADE CO                           | CUSIP: 09739D100<br>LEI: 549300Z8B8LSRHC7XA55 | Long             | EC               | CORP              | US        |     77521 | NS      | $5910201.04   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| American Axle & Manufacturing Holdings Inc        | AMER AXLE & MFG                            | CUSIP: 024061103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    246528 | NS      | $1619688.96   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| LTC Properties Inc                                | LTC PROPERTIES                             | CUSIP: 502175102<br>LEI: 549300NRZP8IJG2KY677 | Long             | EC               | CORP              | US        |     50555 | NS      | $1844751.95   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Insight Enterprises Inc                           | INSIGHT ENTERPRI                           | CUSIP: 45765U103<br>LEI: 529900S8991TYW6YP792 | Long             | EC               | CORP              | US        |     65350 | NS      | $5657349.50   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| ManpowerGroup Inc                                 | MANPOWERGROUP IN                           | CUSIP: 56418H100<br>LEI: ERO1WSFOSR0JJ6CRQ987 | Long             | EC               | CORP              | US        |     95982 | NS      | $2760442.32   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| SolarEdge Technologies Inc                        | SOLAREDGE TECHNO                           | CUSIP: 83417M104<br>LEI: 5493000K6Y58XXPDF853 | Long             | EC               | CORP              | US        |     86348 | NS      | $3154292.44   | 0.21%             |  |  |  | No            |                  1 | On Loan: —       |
| Fox Factory Holding Corp                          | FOX FACTORY HOLD                           | CUSIP: 35138V102<br>LEI: 529900GE1HSV0617R721 | Long             | EC               | CORP              | US        |     86869 | NS      | $1284792.51   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Terreno Realty Corp                               | TERRENO REALTY C                           | CUSIP: 88146M101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    109398 | NS      | $6869100.42   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| LGI Homes Inc                                     | LGI HOMES INC                              | CUSIP: 50187T106<br>LEI: 549300W02B4WNV8CV109 | Long             | EC               | CORP              | US        |     42075 | NS      | $2188741.50   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| First BanCorp/Puerto Rico                         | FIRST BANCORP PR                           | CUSIP: 318672706<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    129152 | NS      | $2553335.04   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Xencor Inc                                        | XENCOR INC                                 | CUSIP: 98401F105<br>LEI: 549300V5IF65437JKG30 | Long             | EC               | CORP              | US        |     85956 | NS      | $1488757.92   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Veeco Instruments Inc                             | VEECO INSTRUMENT                           | CUSIP: 922417100<br>LEI: 5493004201F72ADDZW04 | Long             | EC               | CORP              | US        |    124802 | NS      | $3647962.46   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| BJ's Restaurants Inc                              | BJ'S RESTAURANTS                           | CUSIP: 09180C106<br>LEI: 5299000EOW66I1OJNQ23 | Long             | EC               | CORP              | US        |     45959 | NS      | $1762527.65   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Cytek Biosciences Inc                             | CYTEK BIOSCIENCE                           | CUSIP: 23285D109<br>LEI: 549300K2J28BOC6FBO89 | Long             | EC               | CORP              | US        |    227306 | NS      | $1284278.90   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Central Garden & Pet Co                           | CENTRAL GARDEN-A                           | CUSIP: 153527205<br>LEI: 5493004DVZLD37DJ0H83 | Long             | EC               | CORP              | US        |    107030 | NS      | $3311508.20   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Gates Industrial Corp PLC                         | GATES INDUSTRIAL                           | CUSIP: G39108108<br>LEI: 549300S6K4FWUSB9KM27 | Long             | EC               | CORP              | US        |    181727 | NS      | $4136106.52   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Tootsie Roll Industries Inc                       | TOOTSIE ROLL IND                           | CUSIP: 890516107<br>LEI: 529900SBKOV9XX4M4Q35 | Long             | EC               | CORP              | US        |     17518 | NS      | $671990.48    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| United Parks & Resorts Inc                        | UNITED PARKS & R                           | CUSIP: 81282V100<br>LEI: 529900G0H4NV3IIK3269 | Long             | EC               | CORP              | US        |     11459 | NS      | $413555.31    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Ligand Pharmaceuticals Inc                        | LIGAND PHARM                               | CUSIP: 53220K504<br>LEI: 5493008K7TB0IKP37H79 | Long             | EC               | CORP              | US        |     18313 | NS      | $3720835.34   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| TrustCo Bank Corp NY                              | TRUSTCO BANK NY                            | CUSIP: 898349204<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     39179 | NS      | $1650611.27   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Lakeland Financial Corp                           | LAKELAND FINL                              | CUSIP: 511656100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     24405 | NS      | $1421835.30   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Stellar Bancorp Inc                               | STELLAR BANCORP                            | CUSIP: 858927106<br>LEI: 54930070P8Z0WHFBB536 | Long             | EC               | CORP              | US        |     95850 | NS      | $3029818.50   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| AdaptHealth Corp                                  | ADAPTHEALTH CORP                           | CUSIP: 00653Q102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    222761 | NS      | $2151871.26   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| WaFd Inc                                          | WAFD INC                                   | CUSIP: 938824109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    163614 | NS      | $5180019.24   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Magnolia Oil & Gas Corp                           | MAGNOLIA OIL-A                             | CUSIP: 559663109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    138365 | NS      | $3201766.10   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| ARMOUR Residential REIT Inc                       | ARMOUR RESIDENTI                           | CUSIP: 042315705<br>LEI: 549300K0WA0EJUX74V72 | Long             | EC               | CORP              | US        |    233542 | NS      | $4091655.84   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Air Lease Corp                                    | AIR LEASE C                                | CUSIP: 00912X302<br>LEI: 5493004NW4M4P8TMMK63 | Long             | EC               | CORP              | US        |    218140 | NS      | $13945690.20  | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Certara Inc                                       | CERTARA INC                                | CUSIP: 15687V109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    250275 | NS      | $2292519.00   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Millrose Properties Inc                           | MILLROSE PROPERT                           | CUSIP: 601137102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    320099 | NS      | $9750215.54   | 0.65%             |  |  |  | No            |                  1 | On Loan: —       |
| Acadia Realty Trust                               | ACADIA REALTY                              | CUSIP: 004239109<br>LEI: 254900C5XLB1YYJQSH07 | Long             | EC               | CORP              | US        |     84376 | NS      | $1735614.32   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Andersons Inc/The                                 | ANDERSONS INC                              | CUSIP: 034164103<br>LEI: L38MWB8MVRFV7HVJPU11 | Long             | EC               | CORP              | US        |     70461 | NS      | $3628741.50   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| ePlus Inc                                         | EPLUS INC                                  | CUSIP: 294268107<br>LEI: 529900FFY8AAFJ21NE91 | Long             | EC               | CORP              | US        |     29020 | NS      | $2600192.00   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Easterly Government Properties Inc                | EASTERLY GOVERNM                           | CUSIP: 27616P301<br>LEI: 549300ERMCEFC6S8HL77 | Long             | EC               | CORP              | US        |     89431 | NS      | $1949595.80   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| UniFirst Corp/MA                                  | UNIFIRST CORP/MA                           | CUSIP: 904708104<br>LEI: 5493003XBTNWBC8UK019 | Long             | EC               | CORP              | US        |     17127 | NS      | $2955263.85   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERISAFE Inc                                     | AMERISAFE INC                              | CUSIP: 03071H100<br>LEI: 2549002B4EXPBLGMNN22 | Long             | EC               | CORP              | US        |     21664 | NS      | $883891.20    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Customers Bancorp Inc                             | CUSTOMERS BANCOR                           | CUSIP: 23204G100<br>LEI: 549300WLBCHYKZ53FN68 | Long             | EC               | CORP              | US        |     61084 | NS      | $4208687.60   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Hertz Global Holdings Inc                         | HERTZ GLOBAL HLD                           | CUSIP: 42806J700<br>LEI: 549300NBK3K85MH1EX16 | Long             | EC               | CORP              | US        |    258262 | NS      | $1353292.88   | 0.09%             |  |  |  | No            |                  1 | On Loan: —       |
| Tompkins Financial Corp                           | TOMPKINS FINANCI                           | CUSIP: 890110109<br>LEI: 254900QDQ6V0QJ0Z2348 | Long             | EC               | CORP              | US        |     15839 | NS      | $1094633.29   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Brady Corp                                        | BRADY CORP - A                             | CUSIP: 104674106<br>LEI: 549300G2LEQOFQC8GY34 | Long             | EC               | CORP              | US        |     32693 | NS      | $2557900.32   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Helmerich & Payne Inc                             | HELMERICH & PAYN                           | CUSIP: 423452101<br>LEI: 254900NAOGHJ88RZ4C73 | Long             | EC               | CORP              | US        |     86751 | NS      | $2420352.90   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| International Seaways Inc                         | INTERNATIONAL SE                           | CUSIP: Y41053102<br>LEI: 549300YUFDGFRNGBWF46 | Long             | EC               | CORP              | US        |     36168 | NS      | $1915818.96   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| National Presto Industries Inc                    | NATL PRESTO INDS                           | CUSIP: 637215104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10977 | NS      | $1030191.45   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Comstock Resources Inc                            | COMSTOCK RES INC                           | CUSIP: 205768302<br>LEI: I03QQGEA4SS774AURI46 | Long             | EC               | CORP              | US        |     80575 | NS      | $2164244.50   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Pitney Bowes Inc                                  | PITNEY BOWES INC                           | CUSIP: 724479100<br>LEI: 549300N2O26NW4ST6W55 | Long             | EC               | CORP              | US        |    174389 | NS      | $1719475.54   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Arrowhead Pharmaceuticals Inc                     | ARROWHEAD PHARMA                           | CUSIP: 04280A100<br>LEI: 549300O3CSB8T7OZ3D66 | Long             | EC               | CORP              | US        |    175093 | NS      | $9227401.10   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| American Eagle Outfitters Inc                     | AMER EAGLE OUTF                            | CUSIP: 02553E106<br>LEI: 5299001Z9HXK01DHW793 | Long             | EC               | CORP              | US        |    334592 | NS      | $6825676.80   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Healthcare Services Group Inc                     | HEALTHCARE SERVS                           | CUSIP: 421906108<br>LEI: 529900GVZ1D2FBYMS719 | Long             | EC               | CORP              | US        |    150435 | NS      | $2825169.30   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Arcosa Inc                                        | ARCOSA INC                                 | CUSIP: 039653100<br>LEI: 549300WFHLTCZV7D6V29 | Long             | EC               | CORP              | US        |     36662 | NS      | $3905969.48   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Ready Capital Corp                                | READY CAPITAL CO                           | CUSIP: 75574U101<br>LEI: 549300MYWGZUG7ZUYO87 | Long             | EC               | CORP              | US        |    320846 | NS      | $811740.38    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Sturm Ruger & Co Inc                              | STURM RUGER & CO                           | CUSIP: 864159108<br>LEI: 529900DV1BWFJSHFO847 | Long             | EC               | CORP              | US        |     33603 | NS      | $1012122.36   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Fresh Del Monte Produce Inc                       | FRESH DEL MONTE                            | CUSIP: G36738105<br>LEI: 529900I72V9F0FEZR228 | Long             | EC               | CORP              | US        |     68656 | NS      | $2481227.84   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Grocery Outlet Holding Corp                       | GROCERY OUTLET                             | CUSIP: 39874R101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    203786 | NS      | $2268138.18   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Cheesecake Factory Inc/The                        | CHEESECAKE FACTO                           | CUSIP: 163072101<br>LEI: 529900872XMLK10SY247 | Long             | EC               | CORP              | US        |     32352 | NS      | $1541896.32   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| STAAR Surgical Co                                 | STAAR SURGICAL                             | CUSIP: 852312305<br>LEI: 5299006LRHI7OJ8BY308 | Long             | EC               | CORP              | US        |     44292 | NS      | $1175509.68   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| CSG Systems International Inc                     | CSG SYSTEMS INTL                           | CUSIP: 126349109<br>LEI: 549300D7FJZUOHHXUA81 | Long             | EC               | CORP              | US        |     27897 | NS      | $2197446.69   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Innovex International Inc                         | INNOVEX INTERNAT                           | CUSIP: 457651107<br>LEI: 5299007REICYIJNMW197 | Long             | EC               | CORP              | US        |     80018 | NS      | $1761996.36   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Veris Residential Inc                             | VERIS RESIDENTIA                           | CUSIP: 554489104<br>LEI: 254900KTVBRYJCQU2J23 | Long             | EC               | CORP              | US        |     96173 | NS      | $1448365.38   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Enovis Corp                                       | ENOVIS CORP                                | CUSIP: 194014502<br>LEI: 635400OP2DYYYMOIYL17 | Long             | EC               | CORP              | US        |    118731 | NS      | $3593987.37   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Peabody Energy Corp                               | PEABODY ENERGY                             | CUSIP: 704551100<br>LEI: EJCO258LNNVSKAR2JX59 | Long             | EC               | CORP              | US        |    252501 | NS      | $6878127.24   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Alpha & Omega Semiconductor Ltd                   | ALPHA & OMEGA SE                           | CUSIP: G6331P104<br>LEI: 5493001FE7J03YOV2V35 | Long             | EC               | CORP              | US        |     26721 | NS      | $541901.88    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Patrick Industries Inc                            | PATRICK INDS INC                           | CUSIP: 703343103<br>LEI: 549300FZ5ZTCCJ3Z5W14 | Long             | EC               | CORP              | US        |     35902 | NS      | $3885314.44   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Materion Corp                                     | MATERION CORP                              | CUSIP: 576690101<br>LEI: 549300CJ5RI351SUYT02 | Long             | EC               | CORP              | US        |     43040 | NS      | $5259057.60   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| MillerKnoll Inc                                   | MILLERKNOLL INC                            | CUSIP: 600544100<br>LEI: U98HXD3PNK7HYU2MU887 | Long             | EC               | CORP              | US        |    140870 | NS      | $2229972.10   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Marcus & Millichap Inc                            | MARCUS & MILLICH                           | CUSIP: 566324109<br>LEI: 549300B2HE8ULXNB1N48 | Long             | EC               | CORP              | US        |     50212 | NS      | $1471211.60   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Core Laboratories Inc                             | CORE LABORATORIE                           | CUSIP: 21867A105<br>LEI: 984500040P5J07V43135 | Long             | EC               | CORP              | US        |     50664 | NS      | $765026.40    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercury Systems Inc                               | MERCURY SYSTEMS                            | CUSIP: 589378108<br>LEI: 549300P3B84SGK7HH679 | Long             | EC               | CORP              | US        |    109478 | NS      | $7651417.42   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| DoubleVerify Holdings Inc                         | DOUBLEVERIFY HOL                           | CUSIP: 25862V105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    124173 | NS      | $1308783.42   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Robert Half Inc                                   | ROBERT HALF INC                            | CUSIP: 770323103<br>LEI: 529900VPCUY9H3HLIC08 | Long             | EC               | CORP              | US        |    207603 | NS      | $5613585.12   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Renasant Corp                                     | RENASANT CORP                              | CUSIP: 75970E107<br>LEI: 549300OVE6OZHW2UUH81 | Long             | EC               | CORP              | US        |    197263 | NS      | $6991000.72   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| WSFS Financial Corp                               | WSFS FINANCIAL                             | CUSIP: 929328102<br>LEI: 549300SU7VQHD6QRG886 | Long             | EC               | CORP              | US        |     62778 | NS      | $3503640.18   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Astec Industries Inc                              | ASTEC INDUSTRIES                           | CUSIP: 046224101<br>LEI: 5493002DO2QKHLKB2A48 | Long             | EC               | CORP              | US        |     47428 | NS      | $2099163.28   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Werner Enterprises Inc                            | WERNER ENT                                 | CUSIP: 950755108<br>LEI: 549300P6XRGOCHHJST37 | Long             | EC               | CORP              | US        |    124114 | NS      | $3172353.84   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Brandywine Realty Trust                           | BRANDYWINE RLTY                            | CUSIP: 105368203<br>LEI: 5UZ46ZCYUFYYAC0DS831 | Long             | EC               | CORP              | US        |    360919 | NS      | $1237952.17   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Hilltop Holdings Inc                              | HILLTOP HOLDINGS                           | CUSIP: 432748101<br>LEI: 54930010TA543US0PM65 | Long             | EC               | CORP              | US        |     91479 | NS      | $3139559.28   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Park National Corp                                | PARK NATL CORP                             | CUSIP: 700658107<br>LEI: 984500Q3E941TDF87712 | Long             | EC               | CORP              | US        |     10080 | NS      | $1547784.00   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Heartland Express Inc                             | HEARTLAND EXPRES                           | CUSIP: 422347104<br>LEI: 5299005V45FZIQGLOG39 | Long             | EC               | CORP              | US        |     94824 | NS      | $745316.64    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Global Net Lease Inc                              | GLOBAL NET LEASE                           | CUSIP: 379378201<br>LEI: 549300NUYANCT5SU8Z65 | Long             | EC               | CORP              | US        |    412266 | NS      | $3384703.86   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Phillips Edison & Co Inc                          | PHILLIPS EDISON                            | CUSIP: 71844V201<br>LEI: 549300JPN4YHYPXTJQ85 | Long             | EC               | CORP              | US        |    146085 | NS      | $5186017.50   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Summit Hotel Properties Inc                       | SUMMIT HOTEL PRO                           | CUSIP: 866082100<br>LEI: 254900OBQWJK6X20LS71 | Long             | EC               | CORP              | US        |    112073 | NS      | $600711.28    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Worthington Steel Inc                             | WORTHINGTON STEE                           | CUSIP: 982104101<br>LEI: 2549009ZUUWL3QLK6G24 | Long             | EC               | CORP              | US        |     67622 | NS      | $2282242.50   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Dime Community Bancshares Inc                     | DIME COMMUNITY B                           | CUSIP: 25432X102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     84641 | NS      | $2399572.35   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Ethan Allen Interiors Inc                         | ETHAN ALLEN                                | CUSIP: 297602104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     48074 | NS      | $1136469.36   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Donnelley Financial Solutions Inc                 | DONNELLEY FINANC                           | CUSIP: 25787G100<br>LEI: 549300O1NPY4J56QCU04 | Long             | EC               | CORP              | US        |     33128 | NS      | $1625259.68   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Arlo Technologies Inc                             | ARLO TECHNOLOGIE                           | CUSIP: 04206A101<br>LEI: 549300T4EUX2OQ75HV52 | Long             | EC               | CORP              | US        |     93263 | NS      | $1352313.50   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Organon & Co                                      | ORGANON & CO                               | CUSIP: 68622V106<br>LEI: 549300AMCKY57OK2CO56 | Long             | EC               | CORP              | US        |    539377 | NS      | $4158596.67   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| National HealthCare Corp                          | NATL HEALTHCARE                            | CUSIP: 635906100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9252 | NS      | $1260955.08   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Academy Sports & Outdoors Inc                     | ACADEMY SPORTS &                           | CUSIP: 00402L107<br>LEI: 529900HST589BD301M91 | Long             | EC               | CORP              | US        |    138033 | NS      | $6660092.25   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Azenta Inc                                        | AZENTA INC                                 | CUSIP: 114340102<br>LEI: 35ZN6X1ANPH25YN32Y17 | Long             | EC               | CORP              | US        |     43114 | NS      | $1533133.84   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Cathay General Bancorp                            | CATHAY GENERAL B                           | CUSIP: 149150104<br>LEI: 549300K1SLJ8C97H5L68 | Long             | EC               | CORP              | US        |     71754 | NS      | $3475763.76   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| ArcBest Corp                                      | ARCBEST CORP                               | CUSIP: 03937C105<br>LEI: 5493006S3KBNE8ZS3J23 | Long             | EC               | CORP              | US        |     47202 | NS      | $3028952.34   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Gibraltar Industries Inc                          | GIBRALTAR INDUST                           | CUSIP: 374689107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     61229 | NS      | $3059000.84   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Proto Labs Inc                                    | PROTO LABS INC                             | CUSIP: 743713109<br>LEI: 529900QHG5MGWT2WQQ09 | Long             | EC               | CORP              | US        |     49524 | NS      | $2516809.68   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| National Bank Holdings Corp                       | NATIONAL-CL A                              | CUSIP: 633707104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     43486 | NS      | $1618114.06   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Medical Properties Trust Inc                      | MEDICAL PROPERTI                           | CUSIP: 58463J304<br>LEI: 254900U6E39J1MQCCY14 | Long             | EC               | CORP              | US        |   1023578 | NS      | $5895809.28   | 0.39%             |  |  |  | No            |                  1 | On Loan: —       |
| Two Harbors Investment Corp                       | TWO HARBORS INVE                           | CUSIP: 90187B804<br>LEI: 549300ZUIBT6KH4HU823 | Long             | EC               | CORP              | US        |    216331 | NS      | $2193596.34   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| CTS Corp                                          | CTS CORP                                   | CUSIP: 126501105<br>LEI: 549300YV1HQLBVHOI649 | Long             | EC               | CORP              | US        |     24495 | NS      | $1036873.35   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| FMC Corp                                          | FMC CORP                                   | CUSIP: 302491303<br>LEI: CKDHZ2X64EEBQCSP7013 | Long             | EC               | CORP              | US        |    259141 | NS      | $3703124.89   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingevity Corp                                     | INGEVITY CORP                              | CUSIP: 45688C107<br>LEI: 5493009UTFC4B5IMGF87 | Long             | EC               | CORP              | US        |     37130 | NS      | $1939299.90   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Urban Edge Properties                             | URBAN EDGE P                               | CUSIP: 91704F104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    104534 | NS      | $2009143.48   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| SiriusPoint Ltd                                   | SIRIUSPOINT LTD                            | CUSIP: G8192H106<br>LEI: 549300OGXFI85N3YZZ51 | Long             | EC               | CORP              | US        |    215639 | NS      | $4485291.20   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| HA Sustainable Infrastructure Capital Inc         | HA SUSTAINABLE I                           | CUSIP: 41068X100<br>LEI: 254900ZZRL7MWL1X8E92 | Long             | EC               | CORP              | US        |    118255 | NS      | $4063241.80   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| US Physical Therapy Inc                           | US PHYSICAL THER                           | CUSIP: 90337L108<br>LEI: 529900KL1UXQYFIOMY96 | Long             | EC               | CORP              | US        |     16104 | NS      | $1189280.40   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Plexus Corp                                       | PLEXUS CORP                                | CUSIP: 729132100<br>LEI: 549300W7HCBI5YT25I79 | Long             | EC               | CORP              | US        |     17912 | NS      | $2560520.40   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Energy Inc                                | LIBERTY ENERGY I                           | CUSIP: 53115L104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    151405 | NS      | $2691980.90   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Sonos Inc                                         | SONOS INC                                  | CUSIP: 83570H108<br>LEI: 549300WEPU6075I77M08 | Long             | EC               | CORP              | US        |    250818 | NS      | $4655182.08   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| CoreCivic Inc                                     | CORECIVIC INC                              | CUSIP: 21871N101<br>LEI: 529900JFA3K6PTLT8B15 | Long             | EC               | CORP              | US        |    104538 | NS      | $1886910.90   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Cushman & Wakefield PLC                           | CUSHMAN & WAKEFI                           | CUSIP: G2717B108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    480719 | NS      | $8052043.25   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Deluxe Corp                                       | DELUXE CORP                                | CUSIP: 248019101<br>LEI: KWGNKB8TX9LE5TV29231 | Long             | EC               | CORP              | US        |     93028 | NS      | $1890328.96   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| ACM Research Inc                                  | ACM RESEARCH-A                             | CUSIP: 00108J109<br>LEI: 549300MCTENUWL2GJL61 | Long             | EC               | CORP              | US        |     48124 | NS      | $1607822.84   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Forward Air Corp                                  | FORWARD AIR CORP                           | CUSIP: 34986A104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     27678 | NS      | $635763.66    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Carter's Inc                                      | CARTER'S INC                               | CUSIP: 146229109<br>LEI: 5299003WAQK4R3L3ZU36 | Long             | EC               | CORP              | US        |     75685 | NS      | $2415108.35   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Oxford Industries Inc                             | OXFORD INDS INC                            | CUSIP: 691497309<br>LEI: IDZ20O0XD3GS4UOI2L88 | Long             | EC               | CORP              | US        |     29149 | NS      | $1112325.84   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| World Kinect Corp                                 | WORLD KINECT COR                           | CUSIP: 981475106<br>LEI: D3W7PCXCBRQLL17DZ313 | Long             | EC               | CORP              | US        |    115386 | NS      | $2674647.48   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Standard Motor Products Inc                       | STANDARD MOTOR                             | CUSIP: 853666105<br>LEI: THGK1EO5B5HK0JHQVZ90 | Long             | EC               | CORP              | US        |     43280 | NS      | $1624731.20   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Stewart Information Services Corp                 | STEWART INFO SVC                           | CUSIP: 860372101<br>LEI: 529900TV1XI0PLKENU10 | Long             | EC               | CORP              | US        |     58097 | NS      | $4451973.11   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| PennyMac Mortgage Investment Trust                | PENNYMAC MORTGAG                           | CUSIP: 70931T103<br>LEI: 549300BSSOQO1ZWDUJ97 | Long             | EC               | CORP              | US        |    180805 | NS      | $2321536.20   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Ellington Financial Inc                           | ELLINGTON FINANC                           | CUSIP: 28852N109<br>LEI: 60GS1D1R1YY5G1W7IT74 | Long             | EC               | CORP              | US        |    207546 | NS      | $2843380.20   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Simmons First National Corp                       | SIMMONS FIRST -A                           | CUSIP: 828730200<br>LEI: 549300IVR5AJKUVOGN05 | Long             | EC               | CORP              | US        |    300394 | NS      | $5572308.70   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Highwoods Properties Inc                          | HIGHWOODS PROP                             | CUSIP: 431284108<br>LEI: ZIIGTYKL9T0X3HLTDX53 | Long             | EC               | CORP              | US        |     87559 | NS      | $2434140.20   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| NeoGenomics Inc                                   | NEOGENOMICS INC                            | CUSIP: 64049M209<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    147611 | NS      | $1786093.10   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Korn Ferry                                        | KORN FERRY                                 | CUSIP: 500643200<br>LEI: 549300FOD20OM0GT5G40 | Long             | EC               | CORP              | US        |     41246 | NS      | $2712749.42   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Lindsay Corp                                      | LINDSAY CORP                               | CUSIP: 535555106<br>LEI: 549300ZFO0QG5H8TPI61 | Long             | EC               | CORP              | US        |     12385 | NS      | $1423408.05   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Kulicke & Soffa Industries Inc                    | KULICKE & SOFFA                            | CUSIP: 501242101<br>LEI: 529900H6BEIRBF429744 | Long             | EC               | CORP              | US        |    108288 | NS      | $4884871.68   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Digi International Inc                            | DIGI INTL INC                              | CUSIP: 253798102<br>LEI: 529900KG656HGROI4N27 | Long             | EC               | CORP              | US        |     31638 | NS      | $1323417.54   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Teleflex Inc                                      | TELEFLEX INC                               | CUSIP: 879369106<br>LEI: UUL85LWXB4NGSWWXIQ25 | Long             | EC               | CORP              | US        |     91750 | NS      | $10498035.00  | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Victory Capital Holdings Inc                      | VICTORY CAPITA-A                           | CUSIP: 92645B103<br>LEI: 549300BN5LH2CIPPHS71 | Long             | EC               | CORP              | US        |     21551 | NS      | $1355342.39   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Pebblebrook Hotel Trust                           | PEBBLEBROOK HOTE                           | CUSIP: 70509V100<br>LEI: 5493004Q1NNH6JXCSI52 | Long             | EC               | CORP              | US        |    123203 | NS      | $1397122.02   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Community Financial System Inc                    | COMMUNITY FINANC                           | CUSIP: 203607106<br>LEI: 5299008N6YHE6GCP1E80 | Long             | EC               | CORP              | US        |     39530 | NS      | $2243722.80   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Caesars Entertainment Inc                         | CAESARS ENTERTAI                           | CUSIP: 12769G100<br>LEI: 549300FA4CTCW903Y781 | Long             | EC               | CORP              | US        |    431781 | NS      | $10047543.87  | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Century Communities Inc                           | CENTURY COMMUNIT                           | CUSIP: 156504300<br>LEI: 5299002QMB2O7ZL1CA26 | Long             | EC               | CORP              | US        |     53627 | NS      | $3501306.83   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Sunrun Inc                                        | SUNRUN INC                                 | CUSIP: 86771W105<br>LEI: 54930007SJ77CI66U531 | Long             | EC               | CORP              | US        |    479030 | NS      | $9700357.50   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| First Commonwealth Financial Corp                 | FIRST COMMON FIN                           | CUSIP: 319829107<br>LEI: 549300ZHLQ42NXDETL24 | Long             | EC               | CORP              | US        |    114755 | NS      | $1864768.75   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameris Bancorp                                    | AMERIS BANCORP                             | CUSIP: 03076K108<br>LEI: PBJHNT51T5V6G5UQFV42 | Long             | EC               | CORP              | US        |     69357 | NS      | $5254486.32   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Allegiant Travel Co                               | ALLEGIANT TRAVEL                           | CUSIP: 01748X102<br>LEI: 549300JM9OZXOHWL2K18 | Long             | EC               | CORP              | US        |     28002 | NS      | $2128152.00   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Group 1 Automotive Inc                            | GROUP 1 AUTOMOTI                           | CUSIP: 398905109<br>LEI: 549300US8QAZJLWYAF63 | Long             | EC               | CORP              | US        |     13429 | NS      | $5385566.16   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Energizer Holdings Inc                            | ENERGIZER HOLDIN                           | CUSIP: 29272W109<br>LEI: 5493000D6NN0V57UME20 | Long             | EC               | CORP              | US        |     73233 | NS      | $1335037.59   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Tri Pointe Homes Inc                              | TRI POINTE HOMES                           | CUSIP: 87265H109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     88951 | NS      | $3035008.12   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Quaker Chemical Corp                              | QUAKER CHEMICAL                            | CUSIP: 747316107<br>LEI: 549300PJQ1R3WCWCPS54 | Long             | EC               | CORP              | US        |     28509 | NS      | $3929965.65   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| World Acceptance Corp                             | WORLD ACCEPTANCE                           | CUSIP: 981419104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6476 | NS      | $1001578.16   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Dana Inc                                          | DANA INC                                   | CUSIP: 235825205<br>LEI: KVWHW7YLZPFJM8QYNJ51 | Long             | EC               | CORP              | US        |    272356 | NS      | $6103497.96   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Viasat Inc                                        | VIASAT INC                                 | CUSIP: 92552V100<br>LEI: UFC8NYMNFSYIHNSM2I38 | Long             | EC               | CORP              | US        |    278750 | NS      | $9569487.50   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlantic Union Bankshares Corp                    | ATLANTIC UNION B                           | CUSIP: 04911A107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    295848 | NS      | $10008537.84  | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Qorvo Inc                                         | QORVO INC                                  | CUSIP: 74736K101<br>LEI: 254900YAUJV2EUEVBR11 | Long             | EC               | CORP              | US        |    175048 | NS      | $15034872.72  | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Hecla Mining Co                                   | HECLA MINING CO                            | CUSIP: 422704106<br>LEI: 5493009Y6HOBZD1QD537 | Long             | EC               | CORP              | US        |    988346 | NS      | $16623979.72  | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Banner Corp                                       | BANNER CORPORATI                           | CUSIP: 06652V208<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     35207 | NS      | $2211351.67   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Signet Jewelers Ltd                               | SIGNET JEWELERS                            | CUSIP: G81276100<br>LEI: 549300N3XPGE91WV7M22 | Long             | EC               | CORP              | US        |     67434 | NS      | $6754189.44   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| First Financial Bancorp                           | FIRST FIN BANCRP                           | CUSIP: 320209109<br>LEI: 549300D3F5B3EZMY7P77 | Long             | EC               | CORP              | US        |    105236 | NS      | $2618271.68   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Corp/VA                                 | UNIVERSAL CORP                             | CUSIP: 913456109<br>LEI: 549300BZXZ66F6DTIF20 | Long             | EC               | CORP              | US        |     51622 | NS      | $2723576.72   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| HB Fuller Co                                      | HB FULLER CO                               | CUSIP: 359694106<br>LEI: JSMX3Z5FOYM8V0Q52357 | Long             | EC               | CORP              | US        |    112052 | NS      | $6530390.56   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Saul Centers Inc                                  | SAUL CENTERS INC                           | CUSIP: 804395101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12133 | NS      | $377336.30    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| ABM Industries Inc                                | ABM INDUSTRIES                             | CUSIP: 000957100<br>LEI: QF02R89VEIOROM77J447 | Long             | EC               | CORP              | US        |    129292 | NS      | $5559556.00   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Cracker Barrel Old Country Store Inc              | CRACKER BARREL                             | CUSIP: 22410J106<br>LEI: 8P4PHQIUWPIECBFBW745 | Long             | EC               | CORP              | US        |     46243 | NS      | $1335960.27   | 0.09%             |  |  |  | No            |                  1 | On Loan: —       |
| Sanmina Corp                                      | SANMINA CORP                               | CUSIP: 801056102<br>LEI: X5K24XLM8QYRXF00EB42 | Long             | EC               | CORP              | US        |     57524 | NS      | $8983235.46   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| ACADIA Pharmaceuticals Inc                        | ACADIA PHARMACEU                           | CUSIP: 004225108<br>LEI: 529900O3044NO0PEA039 | Long             | EC               | CORP              | US        |     80387 | NS      | $2012890.48   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| TreeHouse Foods Inc                               | TREEHOUSE FOODS                            | CUSIP: 89469A104<br>LEI: 5493007M7EVHE470Q576 | Long             | EC               | CORP              | US        |     92345 | NS      | $2206122.05   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Rush Enterprises Inc                              | RUSH ENTER-CL A                            | CUSIP: 781846209<br>LEI: 529900V3XHTN7A6DFT17 | Long             | EC               | CORP              | US        |     48335 | NS      | $2516320.10   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| NCR Voyix Corp                                    | NCR VOYIX CORP                             | CUSIP: 62886E108<br>LEI: 549300YKTY8JX1DV2R67 | Long             | EC               | CORP              | US        |    286704 | NS      | $2898577.44   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Insteel Industries Inc                            | INSTEEL INDS                               | CUSIP: 45774W108<br>LEI: 52990026LKY4MOX3L174 | Long             | EC               | CORP              | US        |     40335 | NS      | $1233444.30   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Horace Mann Educators Corp                        | HORACE MANN EDUC                           | CUSIP: 440327104<br>LEI: 254900G5YAV3A2YK8T32 | Long             | EC               | CORP              | US        |     84533 | NS      | $3869920.74   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| DXC Technology Co                                 | DXC TECHNOLOGY C                           | CUSIP: 23355L106<br>LEI: 549300DOVZ3EDJB7O259 | Long             | EC               | CORP              | US        |    371671 | NS      | $4906057.20   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Navient Corp                                      | NAVIENT CORP                               | CUSIP: 63938C108<br>LEI: 54930067J0ZNOEBRW338 | Long             | EC               | CORP              | US        |    142556 | NS      | $1767694.40   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| NetScout Systems Inc                              | NETSCOUT SYSTEMS                           | CUSIP: 64115T104<br>LEI: 5493005HZXZ3SPNVCV76 | Long             | EC               | CORP              | US        |    141662 | NS      | $3807874.56   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Kaiser Aluminum Corp                              | KAISER ALUMINUM                            | CUSIP: 483007704<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     33285 | NS      | $3197024.25   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Penn Entertainment Inc                            | PENN ENTERTAINME                           | CUSIP: 707569109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    291788 | NS      | $4330133.92   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| LCI Industries                                    | LCI INDUSTRIES                             | CUSIP: 50189K103<br>LEI: 549300E1B98YNJ1WIQ04 | Long             | EC               | CORP              | US        |     50343 | NS      | $5722488.81   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Titan International Inc                           | TITAN INTL INC                             | CUSIP: 88830M102<br>LEI: 254900CXRGBE7C4B5A06 | Long             | EC               | CORP              | US        |     99490 | NS      | $804874.10    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Penguin Solutions Inc                             | PENGUIN SOLUTION                           | CUSIP: 706915105<br>LEI: 254900DVWIPOY3GJ8E23 | Long             | EC               | CORP              | US        |     99073 | NS      | $2004246.79   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| MarketAxess Holdings Inc                          | MARKETAXESS                                | CUSIP: 57060D108<br>LEI: 5493002U1CA1XJOVID83 | Long             | EC               | CORP              | US        |     77579 | NS      | $12714422.31  | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Upwork Inc                                        | UPWORK INC                                 | CUSIP: 91688F104<br>LEI: 5493004QJ6WWBXVE2S70 | Long             | EC               | CORP              | US        |     88353 | NS      | $1744088.22   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Vestis Corp                                       | VESTIS CORP                                | CUSIP: 29430C102<br>LEI: 254900QDW0TA2TMFAP59 | Long             | EC               | CORP              | US        |    232853 | NS      | $1508887.44   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| SL Green Realty Corp                              | SL GREEN REALTY                            | CUSIP: 78440X887<br>LEI: 549300VQZPJU97H3GT17 | Long             | EC               | CORP              | US        |     44180 | NS      | $2082203.40   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| WillScot Holdings Corp                            | WILLSCOT HOLDING                           | CUSIP: 971378104<br>LEI: 549300HJ4VIXF476Q166 | Long             | EC               | CORP              | US        |    114732 | NS      | $2265957.00   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| United Community Banks Inc/GA                     | UNITED COMMUNITY                           | CUSIP: 90984P303<br>LEI: 549300GVW0FV66X3U703 | Long             | EC               | CORP              | US        |    252004 | NS      | $7701242.24   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Acushnet Holdings Corp                            | ACUSHNET HOLDING                           | CUSIP: 005098108<br>LEI: 529900W5FI106H543E43 | Long             | EC               | CORP              | US        |     25159 | NS      | $2115871.90   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Amphastar Pharmaceuticals Inc                     | AMPHASTAR PHARMA                           | CUSIP: 03209R103<br>LEI: 54930055TH0ZLSAQMJ38 | Long             | EC               | CORP              | US        |     27514 | NS      | $762137.80    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| CareTrust REIT Inc                                | CARETRUST REI                              | CUSIP: 14174T107<br>LEI: 5493001NVXE2B9GPLU96 | Long             | EC               | CORP              | US        |    233277 | NS      | $8754885.81   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Monro Inc                                         | MONRO INC                                  | CUSIP: 610236101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     62309 | NS      | $1165801.39   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Employers Holdings Inc                            | EMPLOYERS HOLDIN                           | CUSIP: 292218104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     23442 | NS      | $934163.70    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Independent Bank Corp                             | INDEP BANK/MA                              | CUSIP: 453836108<br>LEI: 549300C5K3W8THR3GE10 | Long             | EC               | CORP              | US        |    103556 | NS      | $7461209.80   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Worthington Enterprises Inc                       | WORTHINGTON ENTE                           | CUSIP: 981811102<br>LEI: 1WRCIANKYOIK6KYE5E82 | Long             | EC               | CORP              | US        |     65201 | NS      | $3576926.86   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Patterson-UTI Energy Inc                          | PATTERSON-UTI                              | CUSIP: 703481101<br>LEI: 254900XGFBKIXD6G0697 | Long             | EC               | CORP              | US        |    727168 | NS      | $4224846.08   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Shenandoah Telecommunications Co                  | SHENANDOAH TELEC                           | CUSIP: 82312B106<br>LEI: 549300XH3H4OUKFPHS84 | Long             | EC               | CORP              | US        |     94672 | NS      | $1034764.96   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| KKR Real Estate Finance Trust Inc                 | KKR REAL ESTATE                            | CUSIP: 48251K100<br>LEI: 549300K23AYZDZ2REL62 | Long             | EC               | CORP              | US        |    113220 | NS      | $961237.80    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Central Pacific Financial Corp                    | CENTRAL PACIFIC                            | CUSIP: 154760409<br>LEI: 549300W3YEAOZ4KGG849 | Long             | EC               | CORP              | US        |     21282 | NS      | $632926.68    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Getty Realty Corp                                 | GETTY REALTY                               | CUSIP: 374297109<br>LEI: 2549000P1W5SFJWCNP90 | Long             | EC               | CORP              | US        |     61666 | NS      | $1755631.02   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Vital Energy Inc                                  | VITAL ENERGY INC                           | CUSIP: 516806205<br>LEI: 549300X0PTWU2QSLSL14 | Long             | EC               | CORP              | US        |     60484 | NS      | $1084478.12   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Golden Entertainment Inc                          | GOLDEN ENTERTAIN                           | CUSIP: 381013101<br>LEI: 549300P8YYCKQVJ0Y638 | Long             | EC               | CORP              | US        |     40748 | NS      | $1223254.96   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Genworth Financial Inc                            | GENWORTH FINANCI                           | CUSIP: 37247D106<br>LEI: 549300EMCG286BDNKJ33 | Long             | EC               | CORP              | US        |    852264 | NS      | $7397651.52   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| MYR Group Inc                                     | MYR GROUP INC/DE                           | CUSIP: 55405W104<br>LEI: 529900G1IMMZHOQ17I54 | Long             | EC               | CORP              | US        |     13866 | NS      | $3110421.12   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Eastman Chemical Co                               | EASTMAN CHEMICAL                           | CUSIP: 277432100<br>LEI: FDPVHDGJ1IQZFK9KH630 | Long             | EC               | CORP              | US        |    238410 | NS      | $14800492.80  | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Avanos Medical Inc                                | AVANOS MEDICAL I                           | CUSIP: 05350V106<br>LEI: 549300YCXWOM7NEWMQ58 | Long             | EC               | CORP              | US        |     96386 | NS      | $1131571.64   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Union Co/The                              | WESTERN UNION                              | CUSIP: 959802109<br>LEI: 28ID94QU1140NC23S047 | Long             | EC               | CORP              | US        |    670694 | NS      | $5895400.26   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Encore Capital Group Inc                          | ENCORE CAPITAL G                           | CUSIP: 292554102<br>LEI: 5493000UVC6H49CIH830 | Long             | EC               | CORP              | US        |     47717 | NS      | $2476035.13   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Edgewell Personal Care Co                         | EDGEWELL PERSONA                           | CUSIP: 28035Q102<br>LEI: 549300CY8QZDL4Z3RU59 | Long             | EC               | CORP              | US        |     96558 | NS      | $1724525.88   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| N-able Inc/US                                     | N-ABLE INC                                 | CUSIP: 62878D100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     87021 | NS      | $626551.20    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Chemours Co/The                                   | CHEMOURS CO                                | CUSIP: 163851108<br>LEI: 549300M1BOLNXL8DOV14 | Long             | EC               | CORP              | US        |    310972 | NS      | $3977331.88   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Trustmark Corp                                    | TRUSTMARK CORP                             | CUSIP: 898402102<br>LEI: 5493000HPQ4D2RZ79739 | Long             | EC               | CORP              | US        |    125377 | NS      | $4877165.30   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Alexander & Baldwin Inc                           | ALEXANDER & BALD                           | CUSIP: 014491104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    151163 | NS      | $2362677.69   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Assured Guaranty Ltd                              | ASSURED GUARANTY                           | CUSIP: G0585R106<br>LEI: 549300BBOQUJEPH87M14 | Long             | EC               | CORP              | US        |     47380 | NS      | $4289785.20   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| A10 Networks Inc                                  | A10 NETWORKS INC                           | CUSIP: 002121101<br>LEI: 549300UQD4IWUML81Q35 | Long             | EC               | CORP              | US        |     59947 | NS      | $1032287.34   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| John B Sanfilippo & Son Inc                       | JOHN B SANFILIPP                           | CUSIP: 800422107<br>LEI: 5299007IBEYVXKYDUX28 | Long             | EC               | CORP              | US        |     19041 | NS      | $1382947.83   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Alpha Metallurgical Resources Inc                 | ALPHA METALLURGI                           | CUSIP: 020764106<br>LEI: 254900VEBGZO2PY8R678 | Long             | EC               | CORP              | US        |      8434 | NS      | $1342777.14   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Reynolds Consumer Products Inc                    | REYNOLDS CONSUME                           | CUSIP: 76171L106<br>LEI: 894500ZQLNYY77S80A06 | Long             | EC               | CORP              | US        |     80722 | NS      | $2016435.56   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| FormFactor Inc                                    | FORMFACTOR INC                             | CUSIP: 346375108<br>LEI: 549300YCEEO6SZD1ZR61 | Long             | EC               | CORP              | US        |     88090 | NS      | $4846711.80   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| John Wiley & Sons Inc                             | WILEY JOHN&SON-A                           | CUSIP: 968223206<br>LEI: 5493003XM719UN7E8P64 | Long             | EC               | CORP              | US        |     34931 | NS      | $1270091.16   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Stepan Co                                         | STEPAN CO                                  | CUSIP: 858586100<br>LEI: IZU1EW9GB3WC7CYCSR17 | Long             | EC               | CORP              | US        |     44530 | NS      | $2018544.90   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| United Natural Foods Inc                          | UNITED NATURAL                             | CUSIP: 911163103<br>LEI: 549300GKGW6WPZ282D40 | Long             | EC               | CORP              | US        |    125800 | NS      | $4693598.00   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Yelp Inc                                          | YELP INC                                   | CUSIP: 985817105<br>LEI: 5299007OU2DOSXPQBO35 | Long             | EC               | CORP              | US        |     55858 | NS      | $1614854.78   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Clearway Energy Inc                               | CLEARWAY ENERG-A                           | CUSIP: 18539C105<br>LEI: 549300LHAZ9HA9G3XC48 | Long             | EC               | CORP              | US        |     71797 | NS      | $2455457.40   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Safehold Inc                                      | SAFEHOLD INC                               | CUSIP: 78646V107<br>LEI: QFFLKWYYS3UPWD86E794 | Long             | EC               | CORP              | US        |     95441 | NS      | $1323766.67   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| FB Financial Corp                                 | FB FINANCIAL COR                           | CUSIP: 30257X104<br>LEI: 5493000B2LD2C2A6C435 | Long             | EC               | CORP              | US        |     47991 | NS      | $2680777.26   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Schneider National Inc                            | SCHNEIDER NATL-B                           | CUSIP: 80689H102<br>LEI: 529900V6GZ6G6E3BLV72 | Long             | EC               | CORP              | US        |    103468 | NS      | $2339411.48   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Chesapeake Utilities Corp                         | CHESAPEAKE UTIL                            | CUSIP: 165303108<br>LEI: 254900WW0FDCKAOCKE74 | Long             | EC               | CORP              | US        |     21008 | NS      | $2921372.48   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Cmt Funds-Vanguard Market Liquidity Fund | Vanguard Market Liquidity Fund             | CUSIP: N/A<br>LEI: 1I6HV0TLSTR3A4XQ6L78       | Long             | STIV             | CORP              | US        |     30948 | NS      | $3094794.90   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Sonic Automotive Inc                              | SONIC AUTOMOTI-A                           | CUSIP: 83545G102<br>LEI: 549300NTLRGJ2JCBZU03 | Long             | EC               | CORP              | US        |     30717 | NS      | $1936092.51   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| CEVA Inc                                          | CEVA INC                                   | CUSIP: 157210105<br>LEI: 529900G9T7CVU2J2VU73 | Long             | EC               | CORP              | US        |     25770 | NS      | $556374.30    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Adient PLC                                        | ADIENT PLC                                 | CUSIP: G0084W101<br>LEI: 5493002QLDY8O75RTR78 | Long             | EC               | CORP              | US        |    168779 | NS      | $3284439.34   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| California Water Service Group                    | CALIF WATER SRVC                           | CUSIP: 130788102<br>LEI: 529900QABDOBU6UVRQ36 | Long             | EC               | CORP              | US        |    123768 | NS      | $5615354.16   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin BSP Realty Trust Inc                     | FRANKLIN BSP REA                           | CUSIP: 35243J101<br>LEI: 549300LH3QNZK9Y1KC93 | Long             | EC               | CORP              | US        |    170917 | NS      | $1780955.14   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Ziff Davis Inc                                    | ZIFF DAVIS INC                             | CUSIP: 48123V102<br>LEI: 5493008OJYGLHD7MXA18 | Long             | EC               | CORP              | US        |     85042 | NS      | $2791078.44   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Adeia Inc                                         | ADEIA INC                                  | CUSIP: 00676P107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    143138 | NS      | $1770617.06   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Radian Group Inc                                  | RADIAN GROUP INC                           | CUSIP: 750236101<br>LEI: 54930005OUP720S5U385 | Long             | EC               | CORP              | US        |    154712 | NS      | $5500011.60   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Macerich Co/The                                   | MACERICH CO                                | CUSIP: 554382101<br>LEI: 529900PSWCB5KI0JYU46 | Long             | EC               | CORP              | US        |    178265 | NS      | $3094680.40   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Walker & Dunlop Inc                               | WALKER & DUNLOP                            | CUSIP: 93148P102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     70680 | NS      | $4568755.20   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| QuidelOrtho Corp                                  | QUIDELORTHO CORP                           | CUSIP: 219798105<br>LEI: 549300YU8CMO9HF53113 | Long             | EC               | CORP              | US        |    141043 | NS      | $3857526.05   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Myriad Genetics Inc                               | MYRIAD GENETICS                            | CUSIP: 62855J104<br>LEI: 52990044IHUOUMETT163 | Long             | EC               | CORP              | US        |    193296 | NS      | $1474848.48   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Addus HomeCare Corp                               | ADDUS HOMECARE                             | CUSIP: 006739106<br>LEI: 52990090ZT33AKPDBX62 | Long             | EC               | CORP              | US        |     14317 | NS      | $1720903.40   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Hub Group Inc                                     | HUB GROUP-A                                | CUSIP: 443320106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    125949 | NS      | $4857852.93   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Capitol Federal Financial Inc                     | CAPITOL FEDERAL                            | CUSIP: 14057J101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    253875 | NS      | $1678113.75   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Enphase Energy Inc                                | ENPHASE ENERGY                             | CUSIP: 29355A107<br>LEI: 5493008U7KIGMI59Z314 | Long             | EC               | CORP              | US        |    271465 | NS      | $7831765.25   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Sally Beauty Holdings Inc                         | SALLY BEAUTY HOL                           | CUSIP: 79546E104<br>LEI: 529900VXW6E8ONDIQ271 | Long             | EC               | CORP              | US        |    205259 | NS      | $3255407.74   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Alamo Group Inc                                   | ALAMO GROUP                                | CUSIP: 011311107<br>LEI: 54930080C93RVZRSDV26 | Long             | EC               | CORP              | US        |     12521 | NS      | $2007992.77   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| RXO Inc                                           | RXO INC                                    | CUSIP: 74982T103<br>LEI: 549300KL8CA6GP8XPM30 | Long             | EC               | CORP              | US        |    180528 | NS      | $2386580.16   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Upbound Group Inc                                 | UPBOUND GROUP IN                           | CUSIP: 76009N100<br>LEI: 529900QUHE15UQNCCJ63 | Long             | EC               | CORP              | US        |    108269 | NS      | $1940180.48   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Shoe Carnival Inc                                 | SHOE CARNIVAL                              | CUSIP: 824889109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     36898 | NS      | $609554.96    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Virtus Investment Partners Inc                    | VIRTUS INVEST                              | CUSIP: 92828Q109<br>LEI: 549300HWF93HB8BDM648 | Long             | EC               | CORP              | US        |      8024 | NS      | $1280550.16   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| MarineMax Inc                                     | MARINEMAX INC                              | CUSIP: 567908108<br>LEI: 254900TIXTN8WY3FNN63 | Long             | EC               | CORP              | US        |     39243 | NS      | $917501.34    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| BankUnited Inc                                    | BANKUNITED INC                             | CUSIP: 06652K103<br>LEI: 96OVUWEW5D4YX6PFXD91 | Long             | EC               | CORP              | US        |     84369 | NS      | $3645584.49   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Diodes Inc                                        | DIODES INC                                 | CUSIP: 254543101<br>LEI: 549300XP2X1ARVH3BX23 | Long             | EC               | CORP              | US        |     96348 | NS      | $4452241.08   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| American States Water Co                          | AMER STATES WATE                           | CUSIP: 029899101<br>LEI: 529900L26LIS2V8PWM23 | Long             | EC               | CORP              | US        |     39942 | NS      | $2946521.34   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| JetBlue Airways Corp                              | JETBLUE AIRWAYS                            | CUSIP: 477143101<br>LEI: 54930070J9H97ZO93T57 | Long             | EC               | CORP              | US        |    603249 | NS      | $2756847.93   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Artisan Partners Asset Management Inc             | ARTISAN PARTNE-A                           | CUSIP: 04316A108<br>LEI: 549300T1FUI6JF63XU51 | Long             | EC               | CORP              | US        |     76120 | NS      | $3157457.60   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| EZCORP Inc                                        | EZCORP INC-A                               | CUSIP: 302301106<br>LEI: 5493003K6PG3ZQ7TUQ63 | Long             | EC               | CORP              | US        |    120346 | NS      | $2320270.88   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Dorian LPG Ltd                                    | DORIAN LPG LTD                             | CUSIP: Y2106R110<br>LEI: 549300WP1W2WGMC7F395 | Long             | EC               | CORP              | US        |     76225 | NS      | $1888855.50   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                               | TRS:WILLSCOT HOLDINGS CORP USD 2026-Aug-31 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |     29000 | NC      | $14210.00     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Rogers Corp                                       | ROGERS CORP                                | CUSIP: 775133101<br>LEI: PW0CN80KNFR7RUOOKJ84 | Long             | EC               | CORP              | US        |     34959 | NS      | $2929913.79   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Innovative Industrial Properties Inc              | INNOVATIVE INDUS                           | CUSIP: 45781V101<br>LEI: 5493008BQ0545EZXRR30 | Long             | EC               | CORP              | US        |     18602 | NS      | $919868.90    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| John Bean Technologies Corp                       | JBT MAREL CORP                             | CUSIP: 477839104<br>LEI: 5493007CT6ATBZ2L6826 | Long             | EC               | CORP              | US        |     62579 | NS      | $8794226.87   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Douglas Emmett Inc                                | DOUGLAS EMMETT                             | CUSIP: 25960P109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    146114 | NS      | $1781129.66   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Elme Communities                                  | ELME COMMUNITIES                           | CUSIP: 939653101<br>LEI: 549300DI34BGS8LVKW95 | Long             | EC               | CORP              | US        |     75077 | NS      | $1303336.72   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| JBG SMITH Properties                              | JBG SMITH PROPER                           | CUSIP: 46590V100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    127951 | NS      | $2332546.73   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Prestige Consumer Healthcare Inc                  | PRESTIGE CONSUME                           | CUSIP: 74112D101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     40881 | NS      | $2434463.55   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| TripAdvisor Inc                                   | TRIPADVISOR INC                            | CUSIP: 896945201<br>LEI: 549300XVG45PT5BART17 | Long             | EC               | CORP              | US        |     79640 | NS      | $1184246.80   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Guess? Inc                                        | GUESS? INC                                 | CUSIP: 401617105<br>LEI: 549300QVH3ZK2DW0KP86 | Long             | EC               | CORP              | US        |     63771 | NS      | $1087933.26   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| First Hawaiian Inc                                | FIRST HAWAIIA                              | CUSIP: 32051X108<br>LEI: 5493002DJSH46F5OLV06 | Long             | EC               | CORP              | US        |    147558 | NS      | $3677145.36   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Hospitality REIT Inc                        | APPLE HOSPITALIT                           | CUSIP: 03784Y200<br>LEI: 549300EVZAR0FBZO4F16 | Long             | EC               | CORP              | US        |    233527 | NS      | $2776636.03   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| National Beverage Corp                            | NATL BEVERAGE                              | CUSIP: 635017106<br>LEI: 549300O9MZIQJI8TGV17 | Long             | EC               | CORP              | US        |     23334 | NS      | $794756.04    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Simply Good Foods Co/The                          | SIMPLY GOOD FOOD                           | CUSIP: 82900L102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    103760 | NS      | $2041996.80   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Redwood Trust Inc                                 | REDWOOD TRUST                              | CUSIP: 758075402<br>LEI: DRBV4N1ERQLEMIF11G78 | Long             | EC               | CORP              | US        |    268496 | NS      | $1479412.96   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Matthews International Corp                       | MATTHEWS INTL-A                            | CUSIP: 577128101<br>LEI: 549300ZVC5O0ATML6U61 | Long             | EC               | CORP              | US        |     63974 | NS      | $1569921.96   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Standex International Corp                        | STANDEX INTL CO                            | CUSIP: 854231107<br>LEI: RCX52GR0JW2LRRMH9Z54 | Long             | EC               | CORP              | US        |      8764 | NS      | $2148582.24   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| LiveRamp Holdings Inc                             | LIVERAMP HOLDING                           | CUSIP: 53815P108<br>LEI: 254900GXS75LG1X7RF88 | Long             | EC               | CORP              | US        |     65406 | NS      | $1886963.10   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| California Resources Corp                         | CALIFORNIA RESOU                           | CUSIP: 13057Q305<br>LEI: 5493003Q8F0T4F4YMR48 | Long             | EC               | CORP              | US        |    151179 | NS      | $7223332.62   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| SunCoke Energy Inc                                | SUNCOKE ENERGY I                           | CUSIP: 86722A103<br>LEI: 1KF1J2NXQE2PI0QOB943 | Long             | EC               | CORP              | US        |    175906 | NS      | $1146907.12   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Armada Hoffler Properties Inc                     | ARMADA HOFFLER P                           | CUSIP: 04208T108<br>LEI: 549300WQRSIV6XZT9313 | Long             | EC               | CORP              | US        |     60025 | NS      | $394364.25    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Sensient Technologies Corp                        | SENSIENT TECHNOL                           | CUSIP: 81725T100<br>LEI: CMMZHMFZQG86EI7WZU92 | Long             | EC               | CORP              | US        |     41414 | NS      | $4037450.86   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Alkermes PLC                                      | ALKERMES PLC                               | CUSIP: G01767105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    123289 | NS      | $3646888.62   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Otter Tail Corp                                   | OTTER TAIL CORP                            | CUSIP: 689648103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     47827 | NS      | $3931379.40   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| BrightSpring Health Services Inc                  | BRIGHTSPRING HEA                           | CUSIP: 10950A106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    158579 | NS      | $5734216.64   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Hanmi Financial Corp                              | HANMI FINL CORP                            | CUSIP: 410495204<br>LEI: 549300MSZ7RCG7EA6587 | Long             | EC               | CORP              | US        |     62043 | NS      | $1713627.66   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Red Rock Resorts Inc                              | RED ROCK RESOR-A                           | CUSIP: 75700L108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     39946 | NS      | $2339637.22   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Hope Bancorp Inc                                  | HOPE BANCORP INC                           | CUSIP: 43940T109<br>LEI: 549300UTF4QGMBHIZ219 | Long             | EC               | CORP              | US        |    265795 | NS      | $2822742.90   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Strategic Education Inc                           | STRATEGIC EDUCAT                           | CUSIP: 86272C103<br>LEI: 2549002UYIM8Q5EC8H36 | Long             | EC               | CORP              | US        |     49124 | NS      | $3832654.48   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Supernus Pharmaceuticals Inc                      | SUPERNUS PHARMAC                           | CUSIP: 868459108<br>LEI: 549300GRM36VBKISYJ58 | Long             | EC               | CORP              | US        |     56995 | NS      | $2598402.05   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Banc of California Inc                            | BANC OF CALIFORN                           | CUSIP: 05990K106<br>LEI: 549300ZKWUJDP6LJ1X87 | Long             | EC               | CORP              | US        |    272253 | NS      | $5020345.32   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Jackson Financial Inc                             | JACKSON FI-A                               | CUSIP: 46817M107<br>LEI: 213800WXW2KG1N4CO374 | Long             | EC               | CORP              | US        |    144607 | NS      | $14172932.07  | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| La-Z-Boy Inc                                      | LA-Z-BOY INC                               | CUSIP: 505336107<br>LEI: 549300WNO1WMN9ZG2519 | Long             | EC               | CORP              | US        |     85509 | NS      | $3328010.28   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                               | TRS:SIGNET JEWELERS LTD USD 2026-Aug-31    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |     18000 | NC      | $4320.00      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| PC Connection Inc                                 | PC CONNECTION                              | CUSIP: 69318J100<br>LEI: 5299005WPRNIXDV2KM73 | Long             | EC               | CORP              | US        |     23723 | NS      | $1376882.92   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Meritage Homes Corp                               | MERITAGE HOMES C                           | CUSIP: 59001A102<br>LEI: 52990044W9UMFJO2FB97 | Long             | EC               | CORP              | US        |    147745 | NS      | $10797204.60  | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Asbury Automotive Group Inc                       | ASBURY AUTO GRP                            | CUSIP: 043436104<br>LEI: 549300JH4DTA7U42GL91 | Long             | EC               | CORP              | US        |     40824 | NS      | $9494437.68   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Urban Outfitters Inc                              | URBAN OUTFITTER                            | CUSIP: 917047102<br>LEI: 549300N3DUFR5U6NRN38 | Long             | EC               | CORP              | US        |     61381 | NS      | $4546490.67   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Quanex Building Products Corp                     | QUANEX BUILDING                            | CUSIP: 747619104<br>LEI: 5493000TL30VL5WOAW87 | Long             | EC               | CORP              | US        |     94977 | NS      | $1230901.92   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| CONMED Corp                                       | CONMED CORP                                | CUSIP: 207410101<br>LEI: Z6C0YCECH9DCU5ZIQW84 | Long             | EC               | CORP              | US        |     64297 | NS      | $2791775.74   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Seacoast Banking Corp of Florida                  | SEACOAST BANK/FL                           | CUSIP: 811707801<br>LEI: 549300V6IC06XYQYPG88 | Long             | EC               | CORP              | US        |    180187 | NS      | $5686701.72   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| eXp World Holdings Inc                            | EXP WORLD HOLDIN                           | CUSIP: 30212W100<br>LEI: 549300TWVVZC283VEC32 | Long             | EC               | CORP              | US        |    185791 | NS      | $2108727.85   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| NBT Bancorp Inc                                   | NBT BANCORP INC                            | CUSIP: 628778102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     60947 | NS      | $2526862.62   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Advance Auto Parts Inc                            | ADVANCE AUTO PAR                           | CUSIP: 00751Y106<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | EC               | CORP              | US        |    124558 | NS      | $6462069.04   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Waystar Holding Corp                              | WAYSTAR HOLDING                            | CUSIP: 946784105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     85885 | NS      | $3170015.35   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| HNI Corp                                          | HNI CORP                                   | CUSIP: 404251100<br>LEI: 549300SKRADLC4O5HV93 | Long             | EC               | CORP              | US        |     45717 | NS      | $1898169.84   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| AMN Healthcare Services Inc                       | AMN HEALTHCARE                             | CUSIP: 001744101<br>LEI: 529900W3ARRTCNFH2I39 | Long             | EC               | CORP              | US        |     79638 | NS      | $1325972.70   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Leggett & Platt Inc                               | LEGGETT & PLATT                            | CUSIP: 524660107<br>LEI: DKOVQUCDW4ZLYCUD4T55 | Long             | EC               | CORP              | US        |    281183 | NS      | $2884937.58   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Adamas Trust Inc                                  | ADAMAS TRUST INC                           | CUSIP: 649604840<br>LEI: 549300JFGR0M7ULHWG48 | Long             | EC               | CORP              | US        |    174522 | NS      | $1329857.64   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Cohu Inc                                          | COHU INC                                   | CUSIP: 192576106<br>LEI: 529900FJPORJ3JJ2XS33 | Long             | EC               | CORP              | US        |     96981 | NS      | $2358577.92   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Buckle Inc/The                                    | THE BUCKLE INC                             | CUSIP: 118440106<br>LEI: 5299007IU0461T3GDL34 | Long             | EC               | CORP              | US        |     31271 | NS      | $1766186.08   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Alarm.com Holdings Inc                            | ALARM.COM HOLDIN                           | CUSIP: 011642105<br>LEI: 549300HIH92U1EKIHZ32 | Long             | EC               | CORP              | US        |     41383 | NS      | $2150260.68   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin Electric Co Inc                          | FRANKLIN ELEC CO                           | CUSIP: 353514102<br>LEI: RR6AURIKMXUE4Q24G284 | Long             | EC               | CORP              | US        |     31002 | NS      | $2949840.30   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Minerals Technologies Inc                         | MINERALS TECH                              | CUSIP: 603158106<br>LEI: 549300D3I1QU67GP6403 | Long             | EC               | CORP              | US        |     65088 | NS      | $3817411.20   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Apollo Commercial Real Estate Finance Inc         | APOLLO COMMERCIA                           | CUSIP: 03762U105<br>LEI: 549300E0AN7M2AQHSY29 | Long             | EC               | CORP              | US        |    271357 | NS      | $2748846.41   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Telephone and Data Systems Inc                    | TELEPHONE & DATA                           | CUSIP: 879433829<br>LEI: 5299003YZW5BE2NNLO37 | Long             | EC               | CORP              | US        |    204038 | NS      | $8216610.26   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Vishay Intertechnology Inc                        | VISHAY INTERTECH                           | CUSIP: 928298108<br>LEI: 5493009O8F3QQJTCQR75 | Long             | EC               | CORP              | US        |    256183 | NS      | $3502021.61   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| StepStone Group Inc                               | STEPSTONE GROU-A                           | CUSIP: 85914M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     64471 | NS      | $4071988.36   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| WD-40 Co                                          | WD-40 CO                                   | CUSIP: 929236107<br>LEI: 549300UZHTN0CNKBOB19 | Long             | EC               | CORP              | US        |     10952 | NS      | $2144401.60   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Acadia Healthcare Co Inc                          | ACADIA HEALTHCAR                           | CUSIP: 00404A109<br>LEI: 5493005CW985Y9D0NC11 | Long             | EC               | CORP              | US        |    191842 | NS      | $3299682.40   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Sun Country Airlines Holdings Inc                 | SUN COUNTRY HOLD                           | CUSIP: 866683105<br>LEI: 549300MOHOJN9GH0NJ48 | Long             | EC               | CORP              | US        |    110775 | NS      | $1517617.50   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Photronics Inc                                    | PHOTRONICS INC                             | CUSIP: 719405102<br>LEI: 549300OK5JVNIBNY6F63 | Long             | EC               | CORP              | US        |     72484 | NS      | $1660608.44   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Harmonic Inc                                      | HARMONIC INC                               | CUSIP: 413160102<br>LEI: 549300LRGRD8XC9BTL66 | Long             | EC               | CORP              | US        |    115833 | NS      | $1107363.48   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Vicor Corp                                        | VICOR CORP                                 | CUSIP: 925815102<br>LEI: 5299005KMQOTR6B51F09 | Long             | EC               | CORP              | US        |     20890 | NS      | $1866521.50   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Kennametal Inc                                    | KENNAMETAL INC                             | CUSIP: 489170100<br>LEI: 549300GZDSG25XUV0Y08 | Long             | EC               | CORP              | US        |    157726 | NS      | $4365855.68   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Scholastic Corp                                   | SCHOLASTIC CORP                            | CUSIP: 807066105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     46898 | NS      | $1385366.92   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| MGP Ingredients Inc                               | MGP INGREDIENTS                            | CUSIP: 55303J106<br>LEI: 2549006OMHFVZ4MS8538 | Long             | EC               | CORP              | US        |     29162 | NS      | $665185.22    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Lincoln National Corp                             | LINCOLN NATL CRP                           | CUSIP: 534187109<br>LEI: EFQMQROEDSNBRIP7LE47 | Long             | EC               | CORP              | US        |    350290 | NS      | $14410930.60  | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Knowles Corp                                      | KNOWLES CORP                               | CUSIP: 49926D109<br>LEI: 5493003EO323TDZQU148 | Long             | EC               | CORP              | US        |    178398 | NS      | $4010387.04   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| United Fire Group Inc                             | UNITED FIRE GROU                           | CUSIP: 910340108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     45559 | NS      | $1665181.45   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Privia Health Group Inc                           | PRIVIA HEALTH GR                           | CUSIP: 74276R102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     74317 | NS      | $1811105.29   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Heritage Financial Corp/WA                        | HERITAGE FINL                              | CUSIP: 42722X106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     70535 | NS      | $1688607.90   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Helix Energy Solutions Group Inc                  | HELIX ENERGY SOL                           | CUSIP: 42330P107<br>LEI: 416AP2JOUTCWEGSOZW41 | Long             | EC               | CORP              | US        |    122098 | NS      | $813172.68    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| CVB Financial Corp                                | CVB FINANCIAL                              | CUSIP: 126600105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    158531 | NS      | $3119890.08   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Angi Inc                                          | ANGI INC                                   | CUSIP: 00183L201<br>LEI: 5493003ENY577E6SZL06 | Long             | EC               | CORP              | US        |     76452 | NS      | $873081.84    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Extreme Networks Inc                              | EXTREME NETWORKS                           | CUSIP: 30226D106<br>LEI: 549300WRECW11X94UB57 | Long             | EC               | CORP              | US        |    142677 | NS      | $2496847.50   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Lumen Technologies Inc                            | LUMEN TECHNOLOGI                           | CUSIP: 550241103<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | EC               | CORP              | US        |    960415 | NS      | $7788965.65   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| American Woodmark Corp                            | AMER WOODMARK CO                           | CUSIP: 030506109<br>LEI: 5299007PFSDWMA74RB56 | Long             | EC               | CORP              | US        |     30228 | NS      | $1666469.64   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Clearway Energy Inc                               | CLEARWAY ENERG-C                           | CUSIP: 18539C204<br>LEI: 549300LHAZ9HA9G3XC48 | Long             | EC               | CORP              | US        |    172944 | NS      | $6333209.28   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| G-III Apparel Group Ltd                           | G III APPAREL                              | CUSIP: 36237H101<br>LEI: 529900O5KABM3R3SFM87 | Long             | EC               | CORP              | US        |     79158 | NS      | $2307455.70   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Enpro Inc                                         | ENPRO INC                                  | CUSIP: 29355X107<br>LEI: 549300Y5CFT2LKCFDN54 | Long             | EC               | CORP              | US        |     16600 | NS      | $3699310.00   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Wendy's Co/The                                    | WENDY'S CO/THE                             | CUSIP: 95058W100<br>LEI: 529900M0JIUCMWVKHG76 | Long             | EC               | CORP              | US        |    180757 | NS      | $1527396.65   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| American Assets Trust Inc                         | AMERICAN ASSETS                            | CUSIP: 024013104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     40221 | NS      | $784309.50    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| MDU Resources Group Inc                           | MDU RES GROUP                              | CUSIP: 552690109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    424219 | NS      | $9044349.08   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Gogo Inc                                          | GOGO INC                                   | CUSIP: 38046C109<br>LEI: 549300VL3DIHSFHYTO04 | Long             | EC               | CORP              | US        |     83674 | NS      | $598269.10    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| DNOW Inc                                          | DNOW INC                                   | CUSIP: 67011P100<br>LEI: 549300AVH5SOCFVVDW91 | Long             | EC               | CORP              | US        |    167713 | NS      | $2341273.48   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Northwest Bancshares Inc                          | NORTHWEST BANCSH                           | CUSIP: 667340103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    303666 | NS      | $3631845.36   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Bristow Group Inc                                 | BRISTOW GROUP IN                           | CUSIP: 11040G103<br>LEI: 5493005Q24EN3UC1PV68 | Long             | EC               | CORP              | US        |     52085 | NS      | $1953708.35   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Steven Madden Ltd                                 | STEVEN MADDEN                              | CUSIP: 556269108<br>LEI: 549300Z9GZ7GYJWSGF43 | Long             | EC               | CORP              | US        |     51314 | NS      | $2143898.92   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Koppers Holdings Inc                              | KOPPERS HOLDINGS                           | CUSIP: 50060P106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     40942 | NS      | $1214749.14   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| First Bancorp/Southern Pines NC                   | FIRST BANCORP/NC                           | CUSIP: 318910106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     86109 | NS      | $4392420.09   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Amentum Holdings Inc                              | AMENTUM HOLDINGS                           | CUSIP: 023939101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    318271 | NS      | $9112098.73   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Arbor Realty Trust Inc                            | ARBOR REALTY TRU                           | CUSIP: 038923108<br>LEI: 549300ASFUWYQO0RW077 | Long             | EC               | CORP              | US        |    398947 | NS      | $3554617.77   | 0.24%             |  |  |  | No            |                  1 | On Loan: —       |
| Pacira BioSciences Inc                            | PACIRA BIOSCIENC                           | CUSIP: 695127100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     93158 | NS      | $2195734.06   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Helen of Troy Ltd                                 | HELEN OF TROY                              | CUSIP: G4388N106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     47693 | NS      | $903782.35    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| HealthStream Inc                                  | HEALTHSTREAM INC                           | CUSIP: 42222N103<br>LEI: 529900OJ88H8635JNH64 | Long             | EC               | CORP              | US        |     20701 | NS      | $520630.15    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Masterbrand Inc                                   | MASTERBRAND                                | CUSIP: 57638P104<br>LEI: 549300E0Y4BR5Z9RDZ64 | Long             | EC               | CORP              | US        |    263270 | NS      | $2919664.30   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Safety Insurance Group Inc                        | SAFETY INSURANCE                           | CUSIP: 78648T100<br>LEI: 254900LDCFLA3J746840 | Long             | EC               | CORP              | US        |     30942 | NS      | $2352210.84   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| PriceSmart Inc                                    | PRICESMART INC                             | CUSIP: 741511109<br>LEI: 549300JVYOSTGVSDZS46 | Long             | EC               | CORP              | US        |     52304 | NS      | $6438622.40   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Gentherm Inc                                      | GENTHERM INC                               | CUSIP: 37253A103<br>LEI: HKM6YX1U5JS60TCUB219 | Long             | EC               | CORP              | US        |     63288 | NS      | $2257482.96   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Cars.com Inc                                      | CARS.COM INC                               | CUSIP: 14575E105<br>LEI: 5493002G6J07LNGX4M98 | Long             | EC               | CORP              | US        |     66429 | NS      | $770576.40    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| LXP Industrial Trust                              | LXP INDUSTRIAL T                           | CUSIP: 529043408<br>LEI: 549300S4MH2ICXDBFV43 | Long             | EC               | CORP              | US        |    122849 | NS      | $5958176.50   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Enviri Corp                                       | ENVIRI CORP                                | CUSIP: 415864107<br>LEI: KAO98FK89NPNNPQGUZ43 | Long             | EC               | CORP              | US        |    167545 | NS      | $3072775.30   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Select Medical Holdings Corp                      | SELECT MEDICAL                             | CUSIP: 81619Q105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    229224 | NS      | $3550679.76   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| BGC Group Inc                                     | BGC GROUP INC-A                            | CUSIP: 088929104<br>LEI: 2549001IGRCG4F0RLD36 | Long             | EC               | CORP              | US        |    340532 | NS      | $2962628.40   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Resideo Technologies Inc                          | RESIDEO TECHN                              | CUSIP: 76118Y104<br>LEI: 5493006TKFPYISY2DS54 | Long             | EC               | CORP              | US        |    284134 | NS      | $9373580.66   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Ultra Clean Holdings Inc                          | ULTRA CLEAN HOLD                           | CUSIP: 90385V107<br>LEI: 5493007L6LS7QX18PE75 | Long             | EC               | CORP              | US        |     94173 | NS      | $2388227.28   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Hanesbrands Inc                                   | HANESBRANDS INC                            | CUSIP: 410345102<br>LEI: GX5LWVWZLL5S4W1L2F20 | Long             | EC               | CORP              | US        |    344688 | NS      | $2230131.36   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| NCR Atleos Corp                                   | NCR ATLEOS CORP                            | CUSIP: 63001N106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     85596 | NS      | $3173043.72   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Newell Brands Inc                                 | NEWELL BRANDS IN                           | CUSIP: 651229106<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | EC               | CORP              | US        |    870732 | NS      | $3178171.80   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Westamerica BanCorp                               | WESTAMERICA BANC                           | CUSIP: 957090103<br>LEI: 984500CF4F8115C11D96 | Long             | EC               | CORP              | US        |     23789 | NS      | $1141396.22   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| J & J Snack Foods Corp                            | J & J SNACK FOOD                           | CUSIP: 466032109<br>LEI: 894500IGP1Y2ZQFQMJ83 | Long             | EC               | CORP              | US        |     14523 | NS      | $1341199.05   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| AdvanSix Inc                                      | ADVANSIX INC                               | CUSIP: 00773T101<br>LEI: 5493009TPRODMCAZLF67 | Long             | EC               | CORP              | US        |     55743 | NS      | $857884.77    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Phinia Inc                                        | PHINIA INC                                 | CUSIP: 71880K101<br>LEI: 254900HG6MORZE1FFM18 | Long             | EC               | CORP              | US        |     39598 | NS      | $2141855.82   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| PRA Group Inc                                     | PRA GROUP INC                              | CUSIP: 69354N106<br>LEI: 549300Q5HW3JSSB86K27 | Long             | EC               | CORP              | US        |     81176 | NS      | $1315051.20   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Tennant Co                                        | TENNANT CO                                 | CUSIP: 880345103<br>LEI: JYAIRLT8DVP6DP8UT336 | Long             | EC               | CORP              | US        |     38368 | NS      | $2805851.84   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| S&T Bancorp Inc                                   | S & T BANCORP                              | CUSIP: 783859101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     37439 | NS      | $1478091.72   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| StoneX Group Inc                                  | STONEX GROUP INC                           | CUSIP: 861896108<br>LEI: 549300JUF07L8VF02M60 | Long             | EC               | CORP              | US        |     45277 | NS      | $4102548.97   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortrea Holdings Inc                              | FORTREA HOLDINGS                           | CUSIP: 34965K107<br>LEI: 5493000FIVFABOVCDU97 | Long             | EC               | CORP              | US        |    188621 | NS      | $2397372.91   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Ichor Holdings Ltd                                | ICHOR HOLDINGS L                           | CUSIP: G4740B105<br>LEI: 529900PS8R2JVLJ2H892 | Long             | EC               | CORP              | US        |     71324 | NS      | $1198243.20   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Whitestone REIT                                   | WHITESTONE REI                             | CUSIP: 966084204<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     46604 | NS      | $619367.16    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Concentra Group Holdings Parent Inc               | CONCENTRA GROUP                            | CUSIP: 20603L102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    145864 | NS      | $2998963.84   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Energy Industries Inc                    | ADV ENERGY INDS                            | CUSIP: 007973100<br>LEI: 549300756XI3QLFT2U27 | Long             | EC               | CORP              | US        |     39872 | NS      | $8420567.68   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Cable One Inc                                     | CABLE ONE INC                              | CUSIP: 12685J105<br>LEI: 549300648QS85T0XSH18 | Long             | EC               | CORP              | US        |      9590 | NS      | $1123852.10   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| OFG Bancorp                                       | OFG BANCORP                                | CUSIP: 67103X102<br>LEI: 549300Q4QEXJ37LEXQ06 | Long             | EC               | CORP              | US        |     37943 | NS      | $1507475.39   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| EVERTEC Inc                                       | EVERTEC INC                                | CUSIP: 30040P103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     46543 | NS      | $1345092.70   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Uniti Group Inc                                   | UNITI GROUP INC                            | CUSIP: 912932100<br>LEI: 549300V3NU625PJUVA84 | Long             | EC               | CORP              | US        |    197059 | NS      | $1255265.83   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Victoria's Secret & Co                            | VICTORIA'S SECRE                           | CUSIP: 926400102<br>LEI: 5493006T3O70U3UWVF17 | Long             | EC               | CORP              | US        |    165812 | NS      | $6853009.96   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Etsy Inc                                          | ETSY INC                                   | CUSIP: 29786A106<br>LEI: 54930089Q7XT501AEA40 | Long             | EC               | CORP              | US        |    104966 | NS      | $5691256.52   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| ProAssurance Corp                                 | PROASSURANCE COR                           | CUSIP: 74267C106<br>LEI: 54930015E5J57R675E89 | Long             | EC               | CORP              | US        |    106839 | NS      | $2572683.12   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Enact Holdings Inc                                | ENACT HOLDINGS I                           | CUSIP: 29249E109<br>LEI: 9845003CA5664B741N19 | Long             | EC               | CORP              | US        |     47180 | NS      | $1826337.80   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Middlesex Water Co                                | MIDDLESEX WATER                            | CUSIP: 596680108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     18736 | NS      | $961344.16    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| SM Energy Co                                      | SM ENERGY CO                               | CUSIP: 78454L100<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | EC               | CORP              | US        |    119413 | NS      | $2274817.65   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| RPC Inc                                           | RPC INC                                    | CUSIP: 749660106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     88809 | NS      | $472463.88    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Unitil Corp                                       | UNITIL CORP                                | CUSIP: 913259107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     22414 | NS      | $1125855.22   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Neogen Corp                                       | NEOGEN CORP                                | CUSIP: 640491106<br>LEI: 549300HJT9FC36N4UW43 | Long             | EC               | CORP              | US        |    451273 | NS      | $2698612.54   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Marten Transport Ltd                              | MARTEN TRANSPORT                           | CUSIP: 573075108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    120268 | NS      | $1232747.00   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Vir Biotechnology Inc                             | VIR BIOTECHNOLOG                           | CUSIP: 92764N102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    196256 | NS      | $1259963.52   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Cmt Funds-Vanguard Market Liquidity Fund | Vanguard Market Liquidity Fund             | CUSIP: N/A<br>LEI: 1I6HV0TLSTR3A4XQ6L78       | Long             | STIV             | CORP              | US        |    100344 | NS      | $10034444.00  | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Sealed Air Corp                                   | SEALED AIR CORP                            | CUSIP: 81211K100<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | EC               | CORP              | US        |    186298 | NS      | $8001499.10   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Topgolf Callaway Brands Corp                      | TOPGOLF CALLAWAY                           | CUSIP: 131193104<br>LEI: 5493005UB0KFRKBPCU72 | Long             | EC               | CORP              | US        |    289900 | NS      | $3733912.00   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| BorgWarner Inc                                    | BORGWARNER INC                             | CUSIP: 099724106<br>LEI: 549300DSFX2IE88NSX47 | Long             | EC               | CORP              | US        |    449346 | NS      | $19348838.76  | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Integra LifeSciences Holdings Corp                | INTEGRA LIFESCIE                           | CUSIP: 457985208<br>LEI: WB7IJCYY8YFTENS4O147 | Long             | EC               | CORP              | US        |    139204 | NS      | $1826356.48   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| CarMax Inc                                        | CARMAX INC                                 | CUSIP: 143130102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    311575 | NS      | $12045489.50  | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| ScanSource Inc                                    | SCANSOURCE INC                             | CUSIP: 806037107<br>LEI: 7FHBAN017QDY4K2KP156 | Long             | EC               | CORP              | US        |     43090 | NS      | $1771860.80   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Schrodinger Inc/United States                     | SCHRODINGER INC                            | CUSIP: 80810D103<br>LEI: 984500044BAE4791E559 | Long             | EC               | CORP              | US        |     54723 | NS      | $960935.88    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Matson Inc                                        | MATSON INC                                 | CUSIP: 57686G105<br>LEI: 549300OI5H3Y0I9I4I12 | Long             | EC               | CORP              | US        |     23761 | NS      | $2589473.78   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Teradata Corp                                     | TERADATA CORP                              | CUSIP: 88076W103<br>LEI: 549300JU9SOUHV4U4R71 | Long             | EC               | CORP              | US        |    127397 | NS      | $3648650.08   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Kennedy-Wilson Holdings Inc                       | KENNEDY-WILSON H                           | CUSIP: 489398107<br>LEI: 549300MOI1T78144X610 | Long             | EC               | CORP              | US        |    157019 | NS      | $1527794.87   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Talos Energy Inc                                  | TALOS ENERGY INC                           | CUSIP: 87484T108<br>LEI: 549300OKFHZ84SFJFT95 | Long             | EC               | CORP              | US        |    268085 | NS      | $3072254.10   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| M/I Homes Inc                                     | M/I HOMES INC                              | CUSIP: 55305B101<br>LEI: 5299005M71FH9CCSFB69 | Long             | EC               | CORP              | US        |     25764 | NS      | $3544868.76   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Tanger Inc                                        | TANGER INC                                 | CUSIP: 875465106<br>LEI: UKEW8YSXE4Y581KYOL30 | Long             | EC               | CORP              | US        |     77602 | NS      | $2605875.16   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Perdoceo Education Corp                           | PERDOCEO EDUCATI                           | CUSIP: 71363P106<br>LEI: 529900X5PCA184O9LY90 | Long             | EC               | CORP              | US        |     59625 | NS      | $1667115.00   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                               | E-Mini Russ 2000  Dec25                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |        18 | NC      | $90665.22     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Winnebago Industries Inc                          | WINNEBAGO INDS                             | CUSIP: 974637100<br>LEI: 549300B7OYKYJLTE3G11 | Long             | EC               | CORP              | US        |     58112 | NS      | $2103073.28   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Eagle Bancorp Inc                                 | EAGLE BANCRP INC                           | CUSIP: 268948106<br>LEI: 549300B47NZODRMG3D47 | Long             | EC               | CORP              | US        |     57412 | NS      | $1089105.64   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinetik Holdings Inc                              | KINETIK HOLDINGS                           | CUSIP: 02215L209<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     49885 | NS      | $1730011.80   | 0.12%             |  |  |  | No            |                  1 | On Loan: —       |
| Celanese Corp                                     | CELANESE CORP                              | CUSIP: 150870103<br>LEI: 549300FHJQTDPPN41627 | Long             | EC               | CORP              | US        |    227329 | NS      | $9468252.85   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| MaxLinear Inc                                     | MAXLINEAR                                  | CUSIP: 57776J100<br>LEI: 549300EMOI0SM2IY4F64 | Long             | EC               | CORP              | US        |    170071 | NS      | $2648005.47   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Mister Car Wash Inc                               | MISTER CAR WASH                            | CUSIP: 60646V105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    107951 | NS      | $576458.34    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Corsair Gaming Inc                                | CORSAIR GAMING I                           | CUSIP: 22041X102<br>LEI: 549300Y7YT18L8G0H525 | Long             | EC               | CORP              | US        |     96845 | NS      | $631429.40    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Shutterstock Inc                                  | SHUTTERSTOCK INC                           | CUSIP: 825690100<br>LEI: 529900G2TDIS56V0LO22 | Long             | EC               | CORP              | US        |     49997 | NS      | $1040937.54   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Crescent Energy Co                                | CRESCENT ENERG-A                           | CUSIP: 44952J104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    385605 | NS      | $3636255.15   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Par Pacific Holdings Inc                          | PAR PACIFIC HOLD                           | CUSIP: 69888T207<br>LEI: 549300BTNS7MHSHRLR55 | Long             | EC               | CORP              | US        |    105558 | NS      | $4818722.70   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Dynavax Technologies Corp                         | DYNAVAX TECHNOLO                           | CUSIP: 268158201<br>LEI: 549300T5URIXWDILX594 | Long             | EC               | CORP              | US        |    122201 | NS      | $1389425.37   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| National Vision Holdings Inc                      | NATIONAL VISION                            | CUSIP: 63845R107<br>LEI: 549300JHURCBLI5ROA42 | Long             | EC               | CORP              | US        |    164330 | NS      | $4740920.50   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Omnicell Inc                                      | OMNICELL INC                               | CUSIP: 68213N109<br>LEI: 5493008RH0GTKHHPZI77 | Long             | EC               | CORP              | US        |     95305 | NS      | $3479585.55   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Viavi Solutions Inc                               | VIAVI SOLUTIONS                            | CUSIP: 925550105<br>LEI: 5493006K3E3N1QOBF092 | Long             | EC               | CORP              | US        |    264032 | NS      | $4736734.08   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Grid Dynamics Holdings Inc                        | GRID DYNAMICS HO                           | CUSIP: 39813G109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     46727 | NS      | $409328.52    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-27

**Name of Applicant:** VANGUARD ADMIRAL FUNDS

**Signature:** Ashley Grim

**Name of Signer:** Ashley Grim

**Title:** Treasurer