# EDGAR Filing Document

**Accession Number:** 0001045487
**File Stem:** 0000910472-26-003735
**Filing Date:** 2026-3
**Character Count:** 30650
**Document Hash:** 527ea09c7b2ada5712b435d2aaa97fe6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-003735.hdr.sgml**: 20260302

**ACCESSION NUMBER**: 0000910472-26-003735

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260302

**DATE AS OF CHANGE**: 20260302

**PERIOD START**: 20260630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** JAMES ADVANTAGE FUNDS
- **CENTRAL INDEX KEY:** 0001045487

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** OH
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08411
- **FILM NUMBER:** 26706587

**BUSINESS ADDRESS:**
- **STREET 1:** 1349 FAIRGROUND RD
- **CITY:** BEAVERCREEK
- **STATE:** OH
- **ZIP:** 45385
- **BUSINESS PHONE:** 9374267640

**MAIL ADDRESS:**
- **STREET 1:** 1349 FAIRGROUND RD
- **CITY:** BEAVERCREEK
- **STATE:** OH
- **ZIP:** 45385

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** JAMES FUNDS
- **DATE OF NAME CHANGE:** 19970904

## Series and Classes Contracts Data

### JAMES MICRO CAP FUND (Series ID: S000029269)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000090023 | JAMES MICRO CAP FUND | JMCRX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** JAMES ADVANTAGE FUNDS

- **b. Investment Company Act file number:** 811-08411

- **c. CIK number of Registrant:** 0001045487

- **d. LEI of Registrant:** 549300426TIVT528ZP40

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

  - **Street Address 1:** 225 Pictoria Drive

  - **City:** Cincinnati

  - **State:** OH

  - **Foreign country:** US

  - **Zip / Postal Code:** 45246

  - **Telephone number:** 513-587-3400

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

- **a. Name of Series:** JAMES MICRO CAP FUND

- **b. EDGAR series identifier (if any):** S000029269

- **c. LEI of Series:** 54930055PPLE24Z31O86

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

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

- **b. Date as of which information is reported:** 2025-12-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $27044485.91

**Total Liabilities:** $39884.59

**Net Assets:** $27004601.32

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000090023 | -3.43%               | 3.41%                | 1.39%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $846742.98               | $-1768705.81                               |
| Month 2  | $772397.50               | $115865.10                                 |
| Month 3  | $149589.28               | $227393.39                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Acme United Corp                              | Acme United Corporation                             | CUSIP: 004816104<br>LEI: 549300NVT8NN13WP8M83 | Long             | EC               | CORP              | US        |      2095 | NS      | $84449.45     | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Allegiant Travel Company                      | Allegiant Travel Company                            | CUSIP: 01748X102<br>LEI: 549300JM9OZXOHWL2K18 | Long             | EC               | CORP              | US        |       888 | NS      | $75719.76     | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Arcbest Corporation                           | ArcBest Corporation                                 | CUSIP: 03937C105<br>LEI: 5493006S3KBNE8ZS3J23 | Long             | EC               | CORP              | US        |      5285 | NS      | $392094.15    | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Argan Inc                                     | Argan, Inc.                                         | CUSIP: 04010E109<br>LEI: 529900E4KZWBV9KGBS83 | Long             | EC               | CORP              | US        |       628 | NS      | $196764.96    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Atara Biotherapeutics Inc                     | Atara Biotherapeutics, Inc.                         | CUSIP: 046513206<br>LEI: 549300WBXUXZRE03MS38 | Long             | EC               | CORP              | US        |      4160 | NS      | $75254.40     | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Aveanna Healthcare Holdings Inc               | Aveanna Healthcare Holdings, Inc.                   | CUSIP: 05356F105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7437 | NS      | $60760.29     | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Axcelis Technologies Inc.                     | Axcelis Technologies, Inc.                          | CUSIP: 054540208<br>LEI: 529900HF9B6NL1QG9F05 | Long             | EC               | CORP              | US        |      3408 | NS      | $273798.72    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Bancorp Inc                                   | Bancorp, Inc. (The)                                 | CUSIP: 05969A105<br>LEI: 894500FP2ICT1B019Y71 | Long             | EC               | CORP              | US        |      6900 | NS      | $465888.00    | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Blue Bird Corp.                               | Blue Bird Corporation                               | CUSIP: 095306106<br>LEI: 5493004ZXJUUWQ65ER59 | Long             | EC               | CORP              | US        |      3750 | NS      | $176250.00    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Boise Cascade Co                              | Boise Cascade Company                               | CUSIP: 09739D100<br>LEI: 549300Z8B8LSRHC7XA55 | Long             | EC               | CORP              | US        |      2500 | NS      | $184000.00    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Build A Bear Workshop Inc                     | Build-A-Bear Workshop, Inc.                         | CUSIP: 120076104<br>LEI: 529900S9MWZC1UBF3D13 | Long             | EC               | CORP              | US        |      4044 | NS      | $247775.88    | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| CRA International Inc.                        | CRA International, Inc.                             | CUSIP: 12618T105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3384 | NS      | $679151.88    | 2.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Central Garden & Pet Company                  | Central Garden & Pet Company Class A Non-Voting     | CUSIP: 153527205<br>LEI: 5493004DVZLD37DJ0H83 | Long             | EC               | CORP              | US        |     16385 | NS      | $478278.15    | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Century Communities Inc                       | Century Communities, Inc.                           | CUSIP: 156504300<br>LEI: 5299002QMB2O7ZL1CA26 | Long             | EC               | CORP              | US        |      4662 | NS      | $276689.70    | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Civitas Resources Inc                         | Civitas Resources, Inc.                             | CUSIP: 17888H103<br>LEI: IIVIHPH28S64K95M2381 | Long             | EC               | CORP              | US        |      4523 | NS      | $122528.07    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Clearway Energy Inc                           | Clearway Energy, Inc.                               | CUSIP: 18539C204<br>LEI: 549300LHAZ9HA9G3XC48 | Long             | EC               | CORP              | US        |      7332 | NS      | $243862.32    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Collegium Pharmaceutical Inc.                 | Collegium Pharmaceutical, Inc.                      | CUSIP: 19459J104<br>LEI: 54930049FXZMTLW8D496 | Long             | EC               | CORP              | US        |      5755 | NS      | $266456.50    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Concentrix Corp.                              | Concentrix Corporation                              | CUSIP: 20602D101<br>LEI: 5493000EAJN1KMPVA737 | Long             | EC               | CORP              | US        |      5326 | NS      | $221455.08    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| CorMedix Inc.                                 | CorMedix, Inc.                                      | CUSIP: 21900C308<br>LEI: 5299006YIA3L0MBW8358 | Long             | EC               | CORP              | US        |      6209 | NS      | $72210.67     | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Artivion Inc                                  | Artivion, Inc.                                      | CUSIP: 228903100<br>LEI: 549300YTKV8DMSMG6K81 | Long             | EC               | CORP              | US        |      6753 | NS      | $308004.33    | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Donnelley Financial Solutions Inc             | Donnelley Financial Solutions, Inc.                 | CUSIP: 25787G100<br>LEI: 549300O1NPY4J56QCU04 | Long             | EC               | CORP              | US        |     16726 | NS      | $780936.94    | 2.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Dynavax Technologies Corp.                    | Dynavax Technologies Corporation                    | CUSIP: 268158201<br>LEI: 549300T5URIXWDILX594 | Long             | EC               | CORP              | US        |     11764 | NS      | $180930.32    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Emergent Biosolutions Inc                     | Emergent BioSolutions, Inc.                         | CUSIP: 29089Q105<br>LEI: 549300YW6TUOX8BE5103 | Long             | EC               | CORP              | US        |     12175 | NS      | $150483.00    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Enova International Inc.                      | Enova International, Inc.                           | CUSIP: 29357K103<br>LEI: 549300O8XOCQSB49UO63 | Long             | EC               | CORP              | US        |     11277 | NS      | $1772744.40   | 6.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Eplus Inc                                     | ePlus, Inc.                                         | CUSIP: 294268107<br>LEI: 529900FFY8AAFJ21NE91 | Long             | EC               | CORP              | US        |      4600 | NS      | $403420.00    | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| EZCORP Inc.                                   | EZCORP, Inc. Class A                                | CUSIP: 302301106<br>LEI: 5493003K6PG3ZQ7TUQ63 | Long             | EC               | CORP              | US        |      5505 | NS      | $106907.10    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Agricultural Mortgage Corporation     | Federal Agricultural Mortgage Corporation           | CUSIP: 313148306<br>LEI: 549300MS654K78GYF580 | Long             | EC               | USGSE             | US        |      4406 | NS      | $773561.42    | 2.86%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Funds Inc.                     | First American Treasury Obligations Fund Class X    | CUSIP: 31846V328<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |    479835 | PA      | $479834.81    | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| GEO Group Inc                                 | GEO Group, Inc. (The) REIT                          | CUSIP: 36162J106<br>LEI: 54930024XOXET7NQVZ63 | Long             | EC               | CORP              | US        |      7691 | NS      | $123978.92    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Haverty Furniture Cos Inc                     | Haverty Furniture Companies, Inc.                   | CUSIP: 419596101<br>LEI: 529900CVFMMIRXZVPD70 | Long             | EC               | CORP              | US        |     13509 | NS      | $315570.24    | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingles Markets, Incorporated                  | Ingles Markets, Inc. Class A                        | CUSIP: 457030104<br>LEI: 549300XH5RYBMYP8TF26 | Long             | EC               | CORP              | US        |     10714 | NS      | $734444.70    | 2.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Innospec Inc                                  | Innospec, Inc.                                      | CUSIP: 45768S105<br>LEI: 213800SQBACNY5IWJO68 | Long             | EC               | CORP              | US        |      2821 | NS      | $215919.34    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Insteel Industries Inc.                       | Insteel Industries, Inc.                            | CUSIP: 45774W108<br>LEI: 52990026LKY4MOX3L174 | Long             | EC               | CORP              | US        |      3500 | NS      | $110845.00    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Innoviva Inc                                  | Innoviva, Inc.                                      | CUSIP: 45781M101<br>LEI: 549300ACOX4QTBES6535 | Long             | EC               | CORP              | US        |     20082 | NS      | $401439.18    | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Integer Holdings Corp.                        | Integer Holdings Corporation                        | CUSIP: 45826H109<br>LEI: 549300SUD2ED5XG6X569 | Long             | EC               | CORP              | US        |      6396 | NS      | $501638.28    | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Investar Holding Corp                         | Investar Holding Corporation                        | CUSIP: 46134L105<br>LEI: 54930001EK2YM28LOJ08 | Long             | EC               | CORP              | US        |      8542 | NS      | $228242.24    | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Iradimed Corp.                                | iRadimed Corporation                                | CUSIP: 46266A109<br>LEI: 549300YVHWP0YJ1YW816 | Long             | EC               | CORP              | US        |      2400 | NS      | $233472.00    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust                                 | ISHARES RUSSELL MICROCAP INDEX FUND                 | CUSIP: 464288869<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |      8653 | NS      | $1364578.10   | 5.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Lemaitre Vascular Inc.                        | LeMaitre Vascular, Inc.                             | CUSIP: 525558201<br>LEI: 549300FZUBUB7MHY8R17 | Long             | EC               | CORP              | US        |      2165 | NS      | $175581.50    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| M/I Homes Inc.                                | M/I Homes, Inc.                                     | CUSIP: 55305B101<br>LEI: 5299005M71FH9CCSFB69 | Long             | EC               | CORP              | US        |      4097 | NS      | $524211.15    | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Merchants Bancorp. (Indiana)                  | Merchants Bancorp                                   | CUSIP: 58844R108<br>LEI: 54930008Y0GPVLF81889 | Long             | EC               | CORP              | US        |     23196 | NS      | $790055.76    | 2.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Modine Manufacturing Co.                      | Modine Manufacturing Company                        | CUSIP: 607828100<br>LEI: Z35SZFYJR8GZZRSIUU09 | Long             | EC               | CORP              | US        |      4078 | NS      | $544453.78    | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Nelnet Inc.                                   | Nelnet, Inc. Class A                                | CUSIP: 64031N108<br>LEI: 549300T6B0Q52I6OM558 | Long             | EC               | CORP              | US        |      5646 | NS      | $750692.16    | 2.78%             |  |  |  | No            |                  1 | On Loan: No      |
| NWPX Infrastructure Inc.                      | NWPX Infrastructure, Inc.                           | CUSIP: 667746101<br>LEI: 54930056VW2CRCZ9RE54 | Long             | EC               | CORP              | US        |      3394 | NS      | $212091.06    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Nutex Health Inc                              | Nutex Health, Inc.                                  | CUSIP: 67079U306<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       402 | NS      | $66177.24     | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| OFG Bancorp                                   | OFG Bancorp                                         | CUSIP: 67103X102<br>LEI: 549300Q4QEXJ37LEXQ06 | Long             | EC               | CORP              | PR        |     18941 | NS      | $776202.18    | 2.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Oxford Industries, Inc.                       | Oxford Industries, Inc.                             | CUSIP: 691497309<br>LEI: IDZ20O0XD3GS4UOI2L88 | Long             | EC               | CORP              | US        |      1280 | NS      | $43776.00     | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| PC Connection Inc.                            | PC Connection, Inc.                                 | CUSIP: 69318J100<br>LEI: 5299005WPRNIXDV2KM73 | Long             | EC               | CORP              | US        |     12184 | NS      | $703747.84    | 2.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Patrick Industries Inc.                       | Patrick Industries, Inc.                            | CUSIP: 703343103<br>LEI: 549300FZ5ZTCCJ3Z5W14 | Long             | EC               | CORP              | US        |      6066 | NS      | $657736.38    | 2.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Pennant Group Inc                             | Pennant Group, Inc. (The)                           | CUSIP: 70805E109<br>LEI: 5493007H2OYR6BYLDA64 | Long             | EC               | CORP              | US        |      5582 | NS      | $157133.30    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Phibro Animal Health Corporation              | Phibro Animal Health Corporation                    | CUSIP: 71742Q106<br>LEI: 549300U24SP4AF2JUX52 | Long             | EC               | CORP              | US        |      6070 | NS      | $226775.20    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Photronics Inc.                               | Photronics, Inc.                                    | CUSIP: 719405102<br>LEI: 549300OK5JVNIBNY6F63 | Long             | EC               | CORP              | US        |     22198 | NS      | $710336.00    | 2.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Piper Sandler Companies                       | Piper Sandler Cos                                   | CUSIP: 724078100<br>LEI: QUQDBTUSOAKFEVMRMF78 | Long             | EC               | CORP              | US        |      2323 | NS      | $789146.33    | 2.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Powell Industries Inc.                        | Powell Industries, Inc.                             | CUSIP: 739128106<br>LEI: 549300V08RO7MX2UBN26 | Long             | EC               | CORP              | US        |       389 | NS      | $124005.42    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Primeenergy Resources Corporation             | PrimeEnergy Resources Corporation REIT              | CUSIP: 74158E104<br>LEI: 9QMD37QNHRX1B7685Y44 | Long             | EC               | CORP              | US        |       751 | NS      | $128421.00    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| QCR Holdings Inc.                             | QCR Holdings, Inc.                                  | CUSIP: 74727A104<br>LEI: 549300MWKWM7KWJVQO33 | Long             | EC               | CORP              | US        |      1072 | NS      | $89297.60     | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Rex American Resources Corp                   | REX American Resources Corporation                  | CUSIP: 761624105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7220 | NS      | $233350.40    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| ScanSource Inc.                               | ScanSource, Inc.                                    | CUSIP: 806037107<br>LEI: 7FHBAN017QDY4K2KP156 | Long             | EC               | CORP              | US        |      3090 | NS      | $120695.40    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Cartesian Therapeutics Inc                    | Cartesian Therapeutics, Inc.                        | CUSIP: 816212112<br>LEI: 529900NMN0LACZOL7C43 | Long             | EC               | CORP              | US        |     94737 | NS      | $947.37       | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Semler Scientific Inc                         | Semler Scientific, Inc.                             | CUSIP: 81684M104<br>LEI: 549300ZHL16S29QTW485 | Long             | EC               | CORP              | US        |      2765 | NS      | $42276.85     | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| SIGA Technologies Inc.                        | SIGA Technologies, Inc.                             | CUSIP: 826917106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     52400 | NS      | $320164.00    | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Skyward Specialty Insurance Group Inc         | Skyward Specialty Insurance Group, Inc.             | CUSIP: 830940102<br>LEI: 549300GXGXJG0YH4VN21 | Long             | EC               | CORP              | US        |      2632 | NS      | $134521.52    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Spectrum Brands Holdings Inc                  | Spectrum Brands Holdings, Inc.                      | CUSIP: 84790A105<br>LEI: 549300JM0MJETDD30O20 | Long             | EC               | CORP              | US        |      1602 | NS      | $94646.16     | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Sterling Infrastructure Inc                   | Sterling Infrastructure, Inc.                       | CUSIP: 859241101<br>LEI: 549300RZIK6K1215XU51 | Long             | EC               | CORP              | US        |       604 | NS      | $184962.92    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Stoke Therapeutics Inc                        | Stoke Therapeutics, Inc.                            | CUSIP: 86150R107<br>LEI: 549300RD25SS2DIJHJ67 | Long             | EC               | CORP              | US        |      2023 | NS      | $64210.02     | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Tactile Systems Technology Inc.               | Tactile Systems Technology, Inc.                    | CUSIP: 87357P100<br>LEI: 54930069VDTITHOTKJ98 | Long             | EC               | CORP              | US        |      4236 | NS      | $122844.00    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| UFP Technologies Inc.                         | UFP Technologies, Inc.                              | CUSIP: 902673102<br>LEI: 549300RJ8LY41HS70C91 | Long             | EC               | CORP              | US        |      1193 | NS      | $264881.79    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Lime & Minerals Inc.            | United States Lime & Minerals, Inc.                 | CUSIP: 911922102<br>LEI: 549300VGDEEG8RT7VC89 | Long             | EC               | CORP              | US        |      7966 | NS      | $953848.84    | 3.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Unitil Corp                                   | Unitil Corporation                                  | CUSIP: 913259107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3401 | NS      | $164744.44    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| V2X Inc                                       | V2X, Inc.                                           | CUSIP: 92242T101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6950 | NS      | $379122.50    | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Xenia Hotels & Resorts Inc                    | Xenia Hotels & Resorts, Inc.                        | CUSIP: 984017103<br>LEI: 54930075IWIPHF5IQL62 | Long             | EC               | CORP              | US        |      3907 | NS      | $55244.98     | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Zymeworks Inc                                 | Zymeworks, Inc.                                     | CUSIP: 98985Y108<br>LEI: 894500AHOYAGYLYZJL67 | Long             | EC               | CORP              | CA        |     10578 | NS      | $278518.74    | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Kiniksa Pharmaceuticals International PLC     | Kiniksa Pharmaceuticals International plc           | CUSIP: G52694109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6909 | NS      | $284996.25    | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Theravance Biopharma Inc                      | Theravance Biopharma, Inc.                          | CUSIP: G8807B106<br>LEI: 5493007VTSXP4Z6MIW52 | Long             | EC               | CORP              | KY        |     14367 | NS      | $268806.57    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Nova Ltd                                      | Nova Ltd.                                           | CUSIP: M7516K103<br>LEI: 529900B2DSWE5V3SC292 | Long             | EC               | CORP              | IL        |      3906 | NS      | $1282691.34   | 4.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco Latinoamericano De Comercio Exterior SA | Banco Latinoamericano de Comercio Exterior S.A. ADR | CUSIP: P16994132<br>LEI: 549300CN3134K4LC0651 | Long             | EC               | CORP              | PA        |      3372 | NS      | $150391.20    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Dorian LPG Ltd.                               | Dorian, L.P.G Ltd.                                  | CUSIP: Y2106R110<br>LEI: 549300WP1W2WGMC7F395 | Long             | EC               | CORP              | US        |      9544 | NS      | $232300.96    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Genco Shipping & Trading Ltd.                 | Genco Shipping & Trading Ltd.                       | CUSIP: Y2685T131<br>LEI: 5493003MBZ5GU8QHXZ58 | Long             | EC               | CORP              | US        |      8000 | NS      | $147440.00    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-02-27

**Name of Applicant:** Lesley Ott

**Signature:** Lesley Ott

**Name of Signer:** Lesley Ott

**Title:** Chief Compliance Officer