# EDGAR Filing Document

**Accession Number:** 0000891190
**File Stem:** 0000891190-26-000054
**Filing Date:** 2026-1
**Character Count:** 129001
**Document Hash:** fa157a135c72b1f4dedf69fa29a74ea0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000891190-26-000054.hdr.sgml**: 20260128

**ACCESSION NUMBER**: 0000891190-26-000054

**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:** 26567972

**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 Mid-Cap 400 Growth Index Fund (Series ID: S000030016)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000092042 | Institutional Shares | VMFGX           |
| C000092043 | ETF Shares           | IVOG            |

## Nport-Ex

Vanguard<sup>®</sup> S&P Mid-Cap 400 Growth 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 (99.8%)** | **Common Stocks (99.8%)** | **Common Stocks (99.8%)** | **Common Stocks (99.8%)** |
| **Communication Services (0.8%)** | **Communication Services (0.8%)** | **Communication Services (0.8%)** | **Communication Services (0.8%)** |
|  | New York Times Co. Class A | &nbsp;&nbsp;&nbsp;&nbsp;78779 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5081 |
| <sup>\*</sup> | EchoStar Corp. Class A | &nbsp;&nbsp;&nbsp;&nbsp;59340 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4349 |
|  | Warner Music Group Corp. Class A | &nbsp;&nbsp;&nbsp;&nbsp;62984 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1779 |
|  | Iridium Communications Inc. | &nbsp;&nbsp;&nbsp;&nbsp;46738 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;767 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;**11976** |
| **Consumer Discretionary (12.0%)** | **Consumer Discretionary (12.0%)** | **Consumer Discretionary (12.0%)** | **Consumer Discretionary (12.0%)** |
| <sup>\*</sup> | Burlington Stores Inc. | &nbsp;&nbsp;&nbsp;&nbsp;56082 | &nbsp;&nbsp;&nbsp;&nbsp;14146 |
|  | Toll Brothers Inc. | &nbsp;&nbsp;&nbsp;&nbsp;88368 | &nbsp;&nbsp;&nbsp;&nbsp;12356 |
| <sup>\*</sup> | TopBuild Corp. | &nbsp;&nbsp;&nbsp;&nbsp;25181 | &nbsp;&nbsp;&nbsp;&nbsp;11394 |
|  | Texas Roadhouse Inc. Class A | &nbsp;&nbsp;&nbsp;&nbsp;59805 | &nbsp;&nbsp;&nbsp;&nbsp;10481 |
|  | Somnigroup International Inc. | &nbsp;&nbsp;111453 | &nbsp;&nbsp;&nbsp;&nbsp;10200 |
| <sup>\*</sup> | Planet Fitness Inc. Class A | &nbsp;&nbsp;&nbsp;&nbsp;75527 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8457 |
|  | Dick's Sporting Goods Inc. | &nbsp;&nbsp;&nbsp;&nbsp;36104 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7458 |
| <sup>\*</sup> | Chewy Inc. Class A | &nbsp;&nbsp;200632 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6976 |
| <sup>\*</sup> | Duolingo Inc. Class A | &nbsp;&nbsp;&nbsp;&nbsp;35730 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6839 |
|  | Wingstop Inc. | &nbsp;&nbsp;&nbsp;&nbsp;25137 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6655 |
|  | Churchill Downs Inc. | &nbsp;&nbsp;&nbsp;&nbsp;59968 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6542 |
|  | Hyatt Hotels Corp. Class A | &nbsp;&nbsp;&nbsp;&nbsp;38112 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6265 |
|  | Service Corp. International | &nbsp;&nbsp;&nbsp;&nbsp;77006 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6117 |
|  | Murphy USA Inc. | &nbsp;&nbsp;&nbsp;&nbsp;15804 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6086 |
|  | H&R Block Inc. | &nbsp;&nbsp;120529 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5077 |
|  | Wyndham Hotels & Resorts Inc. | &nbsp;&nbsp;&nbsp;&nbsp;68746 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5032 |
| <sup>\*</sup> | Abercrombie & Fitch Co. Class A | &nbsp;&nbsp;&nbsp;&nbsp;42851 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4194 |
| <sup>\*</sup> | Ollie's Bargain Outlet Holdings Inc. | &nbsp;&nbsp;&nbsp;&nbsp;32592 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4012 |
|  | Travel + Leisure Co. | &nbsp;&nbsp;&nbsp;&nbsp;58470 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4010 |
| <sup>\*</sup> | Grand Canyon Education Inc. | &nbsp;&nbsp;&nbsp;&nbsp;24950 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3936 |
| <sup>\*</sup> | GameStop Corp. Class A | &nbsp;&nbsp;162870 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3669 |
| <sup>\*</sup> | Valvoline Inc. | &nbsp;&nbsp;114490 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3585 |
| <sup>\*</sup> | Floor & Decor Holdings Inc. Class A | &nbsp;&nbsp;&nbsp;&nbsp;54242 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3451 |
| <sup>\*</sup> | Cava Group Inc. | &nbsp;&nbsp;&nbsp;&nbsp;69960 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3420 |
| <sup>\*</sup> | Crocs Inc. | &nbsp;&nbsp;&nbsp;&nbsp;39192 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3331 |
|  | Boyd Gaming Corp. | &nbsp;&nbsp;&nbsp;&nbsp;32555 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2712 |
|  | Vail Resorts Inc. | &nbsp;&nbsp;&nbsp;&nbsp;17711 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2483 |
| <sup>\*</sup> | Hilton Grand Vacations Inc. | &nbsp;&nbsp;&nbsp;&nbsp;55478 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2376 |
|  | KB Home | &nbsp;&nbsp;&nbsp;&nbsp;31828 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2047 |
|  | Gentex Corp. | &nbsp;&nbsp;&nbsp;&nbsp;80940 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1848 |
|  | Choice Hotels International Inc. | &nbsp;&nbsp;&nbsp;&nbsp;18589 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1696 |
|  | Bath & Body Works Inc. | &nbsp;&nbsp;&nbsp;&nbsp;97069 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1690 |
| <sup>\*</sup> | YETI Holdings Inc. | &nbsp;&nbsp;&nbsp;&nbsp;30684 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1273 |
| <sup>\*</sup> | RH | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6907 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1088 |
|  |  |  | &nbsp;&nbsp;**180902** |
| **Consumer Staples (3.6%)** | **Consumer Staples (3.6%)** | **Consumer Staples (3.6%)** | **Consumer Staples (3.6%)** |
|  | Casey's General Stores Inc. | &nbsp;&nbsp;&nbsp;&nbsp;23091 | &nbsp;&nbsp;&nbsp;&nbsp;13172 |
|  | Coca-Cola Consolidated Inc. | &nbsp;&nbsp;&nbsp;&nbsp;53945 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8790 |
| <sup>\*</sup> | Sprouts Farmers Market Inc. | &nbsp;&nbsp;&nbsp;&nbsp;87959 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7372 |
| <sup>\*</sup> | BJ's Wholesale Club Holdings Inc. | &nbsp;&nbsp;&nbsp;&nbsp;55874 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4986 |
| <sup>\*</sup> | elf Beauty Inc. | &nbsp;&nbsp;&nbsp;&nbsp;53419 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4069 |
| <sup>\*</sup> | Celsius Holdings Inc. | &nbsp;&nbsp;&nbsp;&nbsp;92176 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3774 |
| <sup>\*</sup> | Maplebear Inc. | &nbsp;&nbsp;&nbsp;&nbsp;76296 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3205 |
|  | Ingredion Inc. | &nbsp;&nbsp;&nbsp;&nbsp;24822 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2669 |
| <sup>\*</sup> | Post Holdings Inc. | &nbsp;&nbsp;&nbsp;&nbsp;24077 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2505 |
| <sup>\*</sup> | BellRing Brands Inc. | &nbsp;&nbsp;&nbsp;&nbsp;52123 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1610 |
|  | Marzetti Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8992 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1501 |
|  | Pilgrim's Pride Corp. | &nbsp;&nbsp;&nbsp;&nbsp;31458 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1197 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;**54850** |
| **Energy (4.1%)** | **Energy (4.1%)** | **Energy (4.1%)** | **Energy (4.1%)** |
|  | TechnipFMC plc | &nbsp;&nbsp;369919 | &nbsp;&nbsp;&nbsp;&nbsp;16742 |
|  | DT Midstream Inc. | &nbsp;&nbsp;&nbsp;&nbsp;91436 | &nbsp;&nbsp;&nbsp;&nbsp;11106 |
|  | Permian Resources Corp. | &nbsp;&nbsp;629326 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9119 |
|  | Viper Energy Inc. Class A | &nbsp;&nbsp;151882 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5548 |
| <sup>\*</sup> | CNX Resources Corp. | &nbsp;&nbsp;127332 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4946 |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  |  | &nbsp;&nbsp;Shares | &nbsp;&nbsp;Market<br> Value<br> ($000) |
|  | Range Resources Corp. | &nbsp;&nbsp;&nbsp;&nbsp;98679 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3897 |
| <sup>\*</sup> | Valaris Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;59655 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3365 |
|  | Matador Resources Co. | &nbsp;&nbsp;&nbsp;&nbsp;67363 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2856 |
|  | Antero Midstream Corp. | &nbsp;&nbsp;150631 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2713 |
|  | Weatherford International plc | &nbsp;&nbsp;&nbsp;&nbsp;31013 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2320 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;**62612** |
| **Financials (12.6%)** | **Financials (12.6%)** | **Financials (12.6%)** | **Financials (12.6%)** |
|  | East West Bancorp Inc. | &nbsp;&nbsp;124014 | &nbsp;&nbsp;&nbsp;&nbsp;13232 |
|  | Equitable Holdings Inc. | &nbsp;&nbsp;269572 | &nbsp;&nbsp;&nbsp;&nbsp;12586 |
|  | Evercore Inc. Class A | &nbsp;&nbsp;&nbsp;&nbsp;34732 | &nbsp;&nbsp;&nbsp;&nbsp;11117 |
|  | RenaissanceRe Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;42362 | &nbsp;&nbsp;&nbsp;&nbsp;11064 |
|  | Houlihan Lokey Inc. Class A | &nbsp;&nbsp;&nbsp;&nbsp;48929 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8582 |
|  | Stifel Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;65287 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7965 |
|  | Kinsale Capital Group Inc. | &nbsp;&nbsp;&nbsp;&nbsp;19922 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7668 |
|  | Western Alliance Bancorp | &nbsp;&nbsp;&nbsp;&nbsp;93174 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7596 |
|  | Primerica Inc. | &nbsp;&nbsp;&nbsp;&nbsp;29153 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7502 |
|  | Ryan Specialty Holdings Inc. Class A | &nbsp;&nbsp;101432 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5890 |
|  | SLM Corp. | &nbsp;&nbsp;187695 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5499 |
|  | RLI Corp. | &nbsp;&nbsp;&nbsp;&nbsp;82672 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5098 |
|  | Cullen/Frost Bankers Inc. | &nbsp;&nbsp;&nbsp;&nbsp;40540 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5016 |
|  | Morningstar Inc. | &nbsp;&nbsp;&nbsp;&nbsp;22027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4733 |
|  | Carlyle Group Inc. | &nbsp;&nbsp;&nbsp;&nbsp;86762 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4731 |
|  | Jefferies Financial Group Inc. | &nbsp;&nbsp;&nbsp;&nbsp;78758 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4533 |
|  | Hamilton Lane Inc. Class A | &nbsp;&nbsp;&nbsp;&nbsp;36425 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4514 |
| <sup>\*,1</sup> | Shift4 Payments Inc. Class A | &nbsp;&nbsp;&nbsp;&nbsp;60596 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4471 |
|  | Wintrust Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;31353 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4202 |
|  | SEI Investments Co. | &nbsp;&nbsp;&nbsp;&nbsp;51608 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4173 |
|  | UMB Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;37278 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4141 |
|  | Pinnacle Financial Partners Inc. | &nbsp;&nbsp;&nbsp;&nbsp;44322 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4063 |
|  | American Financial Group Inc. | &nbsp;&nbsp;&nbsp;&nbsp;27392 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3772 |
|  | FirstCash Holdings Inc. | &nbsp;&nbsp;&nbsp;&nbsp;22504 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3565 |
|  | Commerce Bancshares Inc. | &nbsp;&nbsp;&nbsp;&nbsp;63714 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3435 |
| <sup>\*,1</sup> | WEX Inc. | &nbsp;&nbsp;&nbsp;&nbsp;21572 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3200 |
|  | Voya Financial Inc. | &nbsp;&nbsp;&nbsp;&nbsp;45096 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3170 |
|  | Synovus Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;61281 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2954 |
|  | Zions Bancorp NA | &nbsp;&nbsp;&nbsp;&nbsp;53111 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2827 |
|  | MGIC Investment Corp. | &nbsp;&nbsp;&nbsp;&nbsp;99523 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2821 |
|  | Affiliated Managers Group Inc. | &nbsp;&nbsp;&nbsp;&nbsp;10477 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2817 |
|  | International Bancshares Corp. | &nbsp;&nbsp;&nbsp;&nbsp;34533 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2296 |
|  | Glacier Bancorp Inc. | &nbsp;&nbsp;&nbsp;&nbsp;52050 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2202 |
|  | First Financial Bankshares Inc. | &nbsp;&nbsp;&nbsp;&nbsp;65592 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2049 |
|  | Federated Hermes Inc. Class B | &nbsp;&nbsp;&nbsp;&nbsp;40553 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2035 |
|  | Janus Henderson Group plc | &nbsp;&nbsp;&nbsp;&nbsp;44894 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1962 |
|  | Home BancShares Inc. | &nbsp;&nbsp;&nbsp;&nbsp;62642 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1758 |
| <sup>\*</sup> | Euronet Worldwide Inc. | &nbsp;&nbsp;&nbsp;&nbsp;21441 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1589 |
|  |  |  | &nbsp;&nbsp;**190828** |
| **Health Care (11.4%)** | **Health Care (11.4%)** | **Health Care (11.4%)** | **Health Care (11.4%)** |
| <sup>\*</sup> | United Therapeutics Corp. | &nbsp;&nbsp;&nbsp;&nbsp;40706 | &nbsp;&nbsp;&nbsp;&nbsp;19783 |
| <sup>\*</sup> | Neurocrine Biosciences Inc. | &nbsp;&nbsp;&nbsp;&nbsp;89269 | &nbsp;&nbsp;&nbsp;&nbsp;13583 |
| <sup>\*</sup> | Medpace Holdings Inc. | &nbsp;&nbsp;&nbsp;&nbsp;19974 | &nbsp;&nbsp;&nbsp;&nbsp;11834 |
| <sup>\*</sup> | Exelixis Inc. | &nbsp;&nbsp;242297 | &nbsp;&nbsp;&nbsp;&nbsp;10702 |
| <sup>\*</sup> | Tenet Healthcare Corp. | &nbsp;&nbsp;&nbsp;&nbsp;48507 | &nbsp;&nbsp;&nbsp;&nbsp;10518 |
|  | Ensign Group Inc. | &nbsp;&nbsp;&nbsp;&nbsp;51565 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9567 |
| <sup>\*</sup> | Illumina Inc. | &nbsp;&nbsp;&nbsp;&nbsp;71934 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9456 |
| <sup>\*</sup> | Globus Medical Inc. Class A | &nbsp;&nbsp;101366 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9228 |
| <sup>\*</sup> | HealthEquity Inc. | &nbsp;&nbsp;&nbsp;&nbsp;77832 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8186 |
| <sup>\*</sup> | Roivant Sciences Ltd. | &nbsp;&nbsp;387208 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8058 |
| <sup>\*</sup> | Halozyme Therapeutics Inc. | &nbsp;&nbsp;105280 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7517 |
|  | Encompass Health Corp. | &nbsp;&nbsp;&nbsp;&nbsp;64371 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7481 |
| <sup>\*</sup> | Hims & Hers Health Inc. | &nbsp;&nbsp;186101 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7400 |
| <sup>\*</sup> | Penumbra Inc. | &nbsp;&nbsp;&nbsp;&nbsp;22817 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6689 |
| <sup>\*</sup> | Doximity Inc. Class A | &nbsp;&nbsp;122783 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6316 |
| <sup>\*</sup> | Masimo Corp. | &nbsp;&nbsp;&nbsp;&nbsp;41565 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5920 |
| <sup>\*</sup> | Cytokinetics Inc. | &nbsp;&nbsp;&nbsp;&nbsp;53812 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3666 |
| <sup>\*</sup> | Lantheus Holdings Inc. | &nbsp;&nbsp;&nbsp;&nbsp;61250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3606 |
| <sup>\*</sup> | Repligen Corp. | &nbsp;&nbsp;&nbsp;&nbsp;20010 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3422 |
|  | Chemed Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6029 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2648 |
|  | Bruker Corp. | &nbsp;&nbsp;&nbsp;&nbsp;45823 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2237 |
| <sup>\*</sup> | Haemonetics Corp. | &nbsp;&nbsp;&nbsp;&nbsp;25133 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2045 |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  |  | &nbsp;&nbsp;Shares | &nbsp;&nbsp;Market<br> Value<br> ($000) |
| <sup>\*</sup> | Sotera Health Co. | &nbsp;&nbsp;&nbsp;&nbsp;85790 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1500 |
| <sup>\*</sup> | LivaNova plc | &nbsp;&nbsp;&nbsp;&nbsp;20131 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1285 |
|  |  |  | &nbsp;&nbsp;**172647** |
| **Industrials (30.0%)** | **Industrials (30.0%)** | **Industrials (30.0%)** | **Industrials (30.0%)** |
|  | Comfort Systems USA Inc. | &nbsp;&nbsp;&nbsp;&nbsp;31682 | &nbsp;&nbsp;&nbsp;&nbsp;30951 |
|  | Curtiss-Wright Corp. | &nbsp;&nbsp;&nbsp;&nbsp;33911 | &nbsp;&nbsp;&nbsp;&nbsp;19136 |
|  | RB Global Inc. | &nbsp;&nbsp;167049 | &nbsp;&nbsp;&nbsp;&nbsp;16404 |
|  | Woodward Inc. | &nbsp;&nbsp;&nbsp;&nbsp;53970 | &nbsp;&nbsp;&nbsp;&nbsp;16193 |
|  | nVent Electric plc | &nbsp;&nbsp;144852 | &nbsp;&nbsp;&nbsp;&nbsp;15538 |
|  | TransUnion | &nbsp;&nbsp;175322 | &nbsp;&nbsp;&nbsp;&nbsp;14911 |
|  | BWX Technologies Inc. | &nbsp;&nbsp;&nbsp;&nbsp;82261 | &nbsp;&nbsp;&nbsp;&nbsp;14715 |
|  | Carpenter Technology Corp. | &nbsp;&nbsp;&nbsp;&nbsp;44866 | &nbsp;&nbsp;&nbsp;&nbsp;14292 |
| <sup>\*</sup> | RBC Bearings Inc. | &nbsp;&nbsp;&nbsp;&nbsp;28288 | &nbsp;&nbsp;&nbsp;&nbsp;12587 |
| <sup>\*</sup> | ATI Inc. | &nbsp;&nbsp;124051 | &nbsp;&nbsp;&nbsp;&nbsp;12504 |
|  | Carlisle Cos. Inc. | &nbsp;&nbsp;&nbsp;&nbsp;38386 | &nbsp;&nbsp;&nbsp;&nbsp;12209 |
| <sup>\*</sup> | MasTec Inc. | &nbsp;&nbsp;&nbsp;&nbsp;55175 | &nbsp;&nbsp;&nbsp;&nbsp;11801 |
|  | Mueller Industries Inc. | &nbsp;&nbsp;&nbsp;&nbsp;99631 | &nbsp;&nbsp;&nbsp;&nbsp;10946 |
| <sup>\*</sup> | Clean Harbors Inc. | &nbsp;&nbsp;&nbsp;&nbsp;45377 | &nbsp;&nbsp;&nbsp;&nbsp;10326 |
|  | Acuity Inc. | &nbsp;&nbsp;&nbsp;&nbsp;27311 | &nbsp;&nbsp;&nbsp;&nbsp;10007 |
| <sup>\*</sup> | Sterling Infrastructure Inc. | &nbsp;&nbsp;&nbsp;&nbsp;27377 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9426 |
|  | ITT Inc. | &nbsp;&nbsp;&nbsp;&nbsp;49839 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9178 |
|  | Applied Industrial Technologies Inc. | &nbsp;&nbsp;&nbsp;&nbsp;34275 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8871 |
|  | Owens Corning | &nbsp;&nbsp;&nbsp;&nbsp;75266 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8523 |
| <sup>\*</sup> | American Airlines Group Inc. | &nbsp;&nbsp;593859 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8344 |
|  | Tetra Tech Inc. | &nbsp;&nbsp;236516 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8217 |
| <sup>\*</sup> | Chart Industries Inc. | &nbsp;&nbsp;&nbsp;&nbsp;39766 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8110 |
| <sup>\*</sup> | AeroVironment Inc. | &nbsp;&nbsp;&nbsp;&nbsp;28634 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8002 |
| <sup>\*</sup> | API Group Corp. | &nbsp;&nbsp;196553 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7776 |
| <sup>\*</sup> | XPO Inc. | &nbsp;&nbsp;&nbsp;&nbsp;51937 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7378 |
| <sup>\*</sup> | CACI International Inc. Class A | &nbsp;&nbsp;&nbsp;&nbsp;11877 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7329 |
|  | Lincoln Electric Holdings Inc. | &nbsp;&nbsp;&nbsp;&nbsp;28315 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6779 |
| <sup>\*</sup> | Saia Inc. | &nbsp;&nbsp;&nbsp;&nbsp;23977 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6751 |
|  | Watsco Inc. | &nbsp;&nbsp;&nbsp;&nbsp;19479 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6748 |
| <sup>\*</sup> | Kratos Defense & Security Solutions Inc. | &nbsp;&nbsp;&nbsp;&nbsp;88124 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6706 |
|  | AECOM | &nbsp;&nbsp;&nbsp;&nbsp;63181 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6516 |
|  | Graco Inc. | &nbsp;&nbsp;&nbsp;&nbsp;73086 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6025 |
| <sup>\*</sup> | Paylocity Holding Corp. | &nbsp;&nbsp;&nbsp;&nbsp;40221 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5926 |
|  | Flowserve Corp. | &nbsp;&nbsp;&nbsp;&nbsp;82415 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5880 |
| <sup>\*</sup> | ExlService Holdings Inc. | &nbsp;&nbsp;145395 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5777 |
|  | Esab Corp. | &nbsp;&nbsp;&nbsp;&nbsp;51364 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5765 |
| <sup>\*</sup> | Kirby Corp. | &nbsp;&nbsp;&nbsp;&nbsp;50234 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5703 |
|  | AAON Inc. | &nbsp;&nbsp;&nbsp;&nbsp;60918 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5695 |
|  | Donaldson Co. Inc. | &nbsp;&nbsp;&nbsp;&nbsp;59794 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5376 |
|  | Valmont Industries Inc. | &nbsp;&nbsp;&nbsp;&nbsp;12972 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5357 |
| <sup>\*</sup> | Core & Main Inc. Class A | &nbsp;&nbsp;105865 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5118 |
|  | Advanced Drainage Systems Inc. | &nbsp;&nbsp;&nbsp;&nbsp;30917 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4711 |
|  | Crane Co. | &nbsp;&nbsp;&nbsp;&nbsp;23345 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4278 |
|  | Simpson Manufacturing Co. Inc. | &nbsp;&nbsp;&nbsp;&nbsp;24734 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4140 |
| <sup>\*</sup> | Parsons Corp. | &nbsp;&nbsp;&nbsp;&nbsp;48088 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4072 |
|  | Watts Water Technologies Inc. Class A | &nbsp;&nbsp;&nbsp;&nbsp;12576 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3469 |
|  | Genpact Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;77370 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3409 |
|  | Ryder System Inc. | &nbsp;&nbsp;&nbsp;&nbsp;19445 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3368 |
| <sup>\*</sup> | Alaska Air Group Inc. | &nbsp;&nbsp;&nbsp;&nbsp;77833 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3336 |
|  | GATX Corp. | &nbsp;&nbsp;&nbsp;&nbsp;19852 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3175 |
|  | Hexcel Corp. | &nbsp;&nbsp;&nbsp;&nbsp;35781 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2728 |
|  | MSA Safety Inc. | &nbsp;&nbsp;&nbsp;&nbsp;16546 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2669 |
|  | Toro Co. | &nbsp;&nbsp;&nbsp;&nbsp;37279 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2600 |
|  | Brink's Co. | &nbsp;&nbsp;&nbsp;&nbsp;18736 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2105 |
|  | KBR Inc. | &nbsp;&nbsp;&nbsp;&nbsp;48672 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2006 |
|  | Exponent Inc. | &nbsp;&nbsp;&nbsp;&nbsp;27253 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1970 |
| <sup>\*</sup> | Trex Co. Inc. | &nbsp;&nbsp;&nbsp;&nbsp;47260 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1653 |
|  |  |  | &nbsp;&nbsp;**453485** |
| **Information Technology (17.7%)** | **Information Technology (17.7%)** | **Information Technology (17.7%)** | **Information Technology (17.7%)** |
| <sup>\*</sup> | Pure Storage Inc. Class A | &nbsp;&nbsp;279444 | &nbsp;&nbsp;&nbsp;&nbsp;24859 |
| <sup>\*</sup> | Coherent Corp. | &nbsp;&nbsp;139901 | &nbsp;&nbsp;&nbsp;&nbsp;22980 |
| <sup>\*</sup> | Twilio Inc. Class A | &nbsp;&nbsp;138095 | &nbsp;&nbsp;&nbsp;&nbsp;17910 |
| <sup>\*</sup> | Guidewire Software Inc. | &nbsp;&nbsp;&nbsp;&nbsp;75777 | &nbsp;&nbsp;&nbsp;&nbsp;16366 |
| <sup>\*</sup> | Ciena Corp. | &nbsp;&nbsp;&nbsp;&nbsp;76340 | &nbsp;&nbsp;&nbsp;&nbsp;15589 |
| <sup>\*</sup> | Fabrinet | &nbsp;&nbsp;&nbsp;&nbsp;32248 | &nbsp;&nbsp;&nbsp;&nbsp;14815 |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  |  | &nbsp;&nbsp;Shares | &nbsp;&nbsp;Market<br> Value<br> ($000) |
| <sup>\*</sup> | Lumentum Holdings Inc. | &nbsp;&nbsp;&nbsp;&nbsp;39578 | &nbsp;&nbsp;&nbsp;&nbsp;12869 |
| <sup>\*</sup> | Docusign Inc. | &nbsp;&nbsp;181860 | &nbsp;&nbsp;&nbsp;&nbsp;12612 |
| <sup>\*</sup> | Dynatrace Inc. | &nbsp;&nbsp;271359 | &nbsp;&nbsp;&nbsp;&nbsp;12092 |
| <sup>\*</sup> | Okta Inc. | &nbsp;&nbsp;150452 | &nbsp;&nbsp;&nbsp;&nbsp;12086 |
| <sup>\*</sup> | Nutanix Inc. Class A | &nbsp;&nbsp;241275 | &nbsp;&nbsp;&nbsp;&nbsp;11533 |
| <sup>\*</sup> | MACOM Technology Solutions Holdings Inc. | &nbsp;&nbsp;&nbsp;&nbsp;57641 | &nbsp;&nbsp;&nbsp;&nbsp;10087 |
| <sup>\*</sup> | Manhattan Associates Inc. | &nbsp;&nbsp;&nbsp;&nbsp;54423 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9603 |
| <sup>\*</sup> | Rambus Inc. | &nbsp;&nbsp;&nbsp;&nbsp;96832 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9254 |
|  | Entegris Inc. | &nbsp;&nbsp;&nbsp;&nbsp;70967 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5474 |
| <sup>\*</sup> | Commvault Systems Inc. | &nbsp;&nbsp;&nbsp;&nbsp;40028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4944 |
| <sup>\*</sup> | Appfolio Inc. Class A | &nbsp;&nbsp;&nbsp;&nbsp;20592 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4701 |
|  | Pegasystems Inc. | &nbsp;&nbsp;&nbsp;&nbsp;83181 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4556 |
| <sup>\*</sup> | Lattice Semiconductor Corp. | &nbsp;&nbsp;&nbsp;&nbsp;60410 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4241 |
|  | Belden Inc. | &nbsp;&nbsp;&nbsp;&nbsp;35680 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4046 |
|  | MKS Inc. | &nbsp;&nbsp;&nbsp;&nbsp;24800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3879 |
| <sup>\*</sup> | Onto Innovation Inc. | &nbsp;&nbsp;&nbsp;&nbsp;24682 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3534 |
| <sup>\*</sup> | Cirrus Logic Inc. | &nbsp;&nbsp;&nbsp;&nbsp;28205 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3394 |
|  | Bentley Systems Inc. Class B | &nbsp;&nbsp;&nbsp;&nbsp;77711 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3261 |
| <sup>\*</sup> | Dropbox Inc. Class A | &nbsp;&nbsp;101545 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3034 |
| <sup>\*</sup> | Kyndryl Holdings Inc. | &nbsp;&nbsp;116423 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3007 |
| <sup>\*</sup> | Qualys Inc. | &nbsp;&nbsp;&nbsp;&nbsp;18830 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2652 |
|  | Cognex Corp. | &nbsp;&nbsp;&nbsp;&nbsp;60405 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2301 |
| <sup>\*</sup> | Novanta Inc. | &nbsp;&nbsp;&nbsp;&nbsp;19737 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2243 |
|  | Universal Display Corp. | &nbsp;&nbsp;&nbsp;&nbsp;18290 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2175 |
|  | Vontier Corp. | &nbsp;&nbsp;&nbsp;&nbsp;55416 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2011 |
| <sup>\*</sup> | Silicon Laboratories Inc. | &nbsp;&nbsp;&nbsp;&nbsp;12691 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1619 |
| <sup>\*</sup> | Allegro MicroSystems Inc. | &nbsp;&nbsp;&nbsp;&nbsp;42372 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1131 |
|  | Crane NXT Co. | &nbsp;&nbsp;&nbsp;&nbsp;17765 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000 |
| <sup>\*</sup> | Blackbaud Inc. | &nbsp;&nbsp;&nbsp;&nbsp;16388 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;924 |
|  | Power Integrations Inc. | &nbsp;&nbsp;&nbsp;&nbsp;17178 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;577 |
|  |  |  | &nbsp;&nbsp;**267359** |
| **Materials (3.0%)** | **Materials (3.0%)** | **Materials (3.0%)** | **Materials (3.0%)** |
|  | RPM International Inc. | &nbsp;&nbsp;&nbsp;&nbsp;65865 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7064 |
|  | Royal Gold Inc. | &nbsp;&nbsp;&nbsp;&nbsp;32720 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6670 |
|  | Eagle Materials Inc. | &nbsp;&nbsp;&nbsp;&nbsp;29210 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6535 |
|  | Louisiana-Pacific Corp. | &nbsp;&nbsp;&nbsp;&nbsp;57066 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4680 |
|  | AptarGroup Inc. | &nbsp;&nbsp;&nbsp;&nbsp;31448 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3923 |
| <sup>\*</sup> | Knife River Corp. | &nbsp;&nbsp;&nbsp;&nbsp;51037 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3820 |
| <sup>\*</sup> | MP Materials Corp. | &nbsp;&nbsp;&nbsp;&nbsp;53266 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3300 |
| <sup>\*</sup> | Axalta Coating Systems Ltd. | &nbsp;&nbsp;105190 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3169 |
|  | NewMarket Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3087 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2357 |
|  | Graphic Packaging Holding Co. | &nbsp;&nbsp;103920 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1681 |
|  | Cabot Corp. | &nbsp;&nbsp;&nbsp;&nbsp;26799 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1677 |
|  | Scotts Miracle-Gro Co. | &nbsp;&nbsp;&nbsp;&nbsp;14784 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;837 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;**45713** |
| **Real Estate (4.2%)** | **Real Estate (4.2%)** | **Real Estate (4.2%)** | **Real Estate (4.2%)** |
| <sup>\*</sup> | Jones Lang LaSalle Inc. | &nbsp;&nbsp;&nbsp;&nbsp;22604 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7362 |
|  | Lamar Advertising Co. Class A | &nbsp;&nbsp;&nbsp;&nbsp;49223 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6517 |
|  | Equity LifeStyle Properties Inc. | &nbsp;&nbsp;&nbsp;&nbsp;87230 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5484 |
|  | Omega Healthcare Investors Inc. | &nbsp;&nbsp;106247 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4879 |
|  | Gaming & Leisure Properties Inc. | &nbsp;&nbsp;109567 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4769 |
|  | CubeSmart | &nbsp;&nbsp;110892 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4129 |
|  | EastGroup Properties Inc. | &nbsp;&nbsp;&nbsp;&nbsp;22542 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4084 |
|  | Vornado Realty Trust | &nbsp;&nbsp;105917 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3900 |
|  | Brixmor Property Group Inc. | &nbsp;&nbsp;148860 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3891 |
|  | First Industrial Realty Trust Inc. | &nbsp;&nbsp;&nbsp;&nbsp;64398 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3686 |
|  | American Homes 4 Rent Class A | &nbsp;&nbsp;111523 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3582 |
|  | Agree Realty Corp. | &nbsp;&nbsp;&nbsp;&nbsp;40738 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3064 |
|  | Independence Realty Trust Inc. | &nbsp;&nbsp;125972 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2160 |
|  | Kite Realty Group Trust | &nbsp;&nbsp;&nbsp;&nbsp;85035 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1968 |
|  | National Storage Affiliates Trust | &nbsp;&nbsp;&nbsp;&nbsp;63503 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1870 |
|  | COPT Defense Properties | &nbsp;&nbsp;&nbsp;&nbsp;52705 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1620 |
|  | Park Hotels & Resorts Inc. | &nbsp;&nbsp;&nbsp;&nbsp;88054 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;953 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;**63918** |
| **Utilities (0.4%)** | **Utilities (0.4%)** | **Utilities (0.4%)** | **Utilities (0.4%)** |
|  | Ormat Technologies Inc. | &nbsp;&nbsp;&nbsp;&nbsp;24578 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2775 |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  |  |  | &nbsp;&nbsp;Shares | &nbsp;&nbsp;Market<br> Value<br> ($000) |
|  | IDACORP Inc. | IDACORP Inc. | &nbsp;&nbsp;19926 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2626 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5401** |
| **Total Common Stocks (Cost $1,213,140)** | **Total Common Stocks (Cost $1,213,140)** | **Total Common Stocks (Cost $1,213,140)** | **Total Common Stocks (Cost $1,213,140)** | **1509691** |
|  |  | &nbsp;&nbsp;Coupon |  |  |
| **Temporary Cash Investments (0.4%)** | **Temporary Cash Investments (0.4%)** | **Temporary Cash Investments (0.4%)** | **Temporary Cash Investments (0.4%)** | **Temporary Cash Investments (0.4%)** |
| **Money Market Fund (0.4%)** | **Money Market Fund (0.4%)** | **Money Market Fund (0.4%)** | **Money Market Fund (0.4%)** | **Money Market Fund (0.4%)** |
| <sup>2,3</sup> | Vanguard Market Liquidity Fund **(Cost $6,399)** | &nbsp;&nbsp;4.024% | &nbsp;&nbsp;63996 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6399** |
| **Total Investments (100.2%) (Cost $1,219,539)** | **Total Investments (100.2%) (Cost $1,219,539)** | **Total Investments (100.2%) (Cost $1,219,539)** |  | &nbsp;&nbsp;**1516090** |
| **Other Assets and Liabilities—Net (-0.2%)** | **Other Assets and Liabilities—Net (-0.2%)** | **Other Assets and Liabilities—Net (-0.2%)** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(2898)** |
| **Net Assets (100%)** | **Net Assets (100%)** | **Net Assets (100%)** |  | &nbsp;&nbsp;**1513192** |

---

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 $3,877. |
| 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 $3,812 was received for securities on loan. |

---

------

#### 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 S&P Mid-Cap 400 Index | December 2025 | 3 | 994 | &nbsp;&nbsp;7 |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| 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) |
| Alaska Air Group Inc. | 8/31/2026 | BANA | 1073 | (3.880) | 40 |  |
| Crocs Inc. | 8/31/2026 | BANA | &nbsp;&nbsp;&nbsp;&nbsp;831 | (3.880) | 18 |  |
| Pilgrim's Pride Corp. | 8/31/2026 | BANA | &nbsp;&nbsp;&nbsp;&nbsp;262 | (3.880) | &nbsp;&nbsp;&nbsp;4 |  |
|  |  |  |  |  | 62 |  |

---

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 | 1509691 | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;1509691 |
| Temporary Cash Investments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6399 | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6399 |
| Total | 1516090 | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;1516090 |
| **Derivative Financial Instruments** |  |  |  |  |
| Assets |  |  |  |  |
| Futures Contracts<sup>1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7 | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7 |
| Swap Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;62 | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62 |
| Total | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7 | &nbsp;&nbsp;&nbsp;62 | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69 |

---

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 MID-CAP 400 GROWTH INDEX FUND

- **b. EDGAR series identifier (if any):** S000030016

- **c. LEI of Series:** RZXKLM4NTXPQYH0XLN64

**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:** $1513223984.13

**Total Liabilities:** $48401.12

**Net Assets:** $1513175583.01

**Cash Not Reported:** $44898.47

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000092042 | 0.99%                | 0.29%                | 1.15%                |
| Class ID C000092043 | 0.98%                | 0.28%                | 1.15%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $4461224.91              | $7538663.96                                |
| Month 2  | $405647.36               | $3843595.72                                |
| Month 3  | $11804392.60             | $12903765.45                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ExlService Holdings Inc                           | EXLSERVICE HOLDI                         | CUSIP: 302081104<br>LEI: 81E3DTNF6OSH489ZOV15 | Long             | EC               | CORP              | US        |    145395 | NS      | $5776543.35   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Tempur Sealy International Inc                    | SOMNIGROUP INTER                         | CUSIP: 88023U101<br>LEI: 549300HFEKVR3US71V91 | Long             | EC               | CORP              | US        |    111453 | NS      | $10200178.56  | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Celsius Holdings Inc                              | CELSIUS HOLDINGS                         | CUSIP: 15118V207<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     92176 | NS      | $3773685.44   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| MSA Safety Inc                                    | MSA SAFETY INC                           | CUSIP: 553498106<br>LEI: 529900DVA3258XK11O39 | Long             | EC               | CORP              | US        |     16546 | NS      | $2668869.80   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Chemed Corp                                       | CHEMED CORP                              | CUSIP: 16359R103<br>LEI: 54930020031IDJT2IM79 | Long             | EC               | CORP              | US        |      6029 | NS      | $2647876.51   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Knife River Corp                                  | KNIFE RIVER                              | CUSIP: 498894104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     51037 | NS      | $3819609.08   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Penumbra Inc                                      | PENUMBRA INC                             | CUSIP: 70975L107<br>LEI: 549300RGE06P3ECANU72 | Long             | EC               | CORP              | US        |     22817 | NS      | $6689259.89   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Houlihan Lokey Inc                                | HOULIHAN LOKEY I                         | CUSIP: 441593100<br>LEI: 549300S3CNGTQ1QZVY46 | Long             | EC               | CORP              | US        |     48929 | NS      | $8582146.60   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Exelixis Inc                                      | EXELIXIS INC                             | CUSIP: 30161Q104<br>LEI: 254900PJQB59O2O95R37 | Long             | EC               | CORP              | US        |    242297 | NS      | $10702258.49  | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Watsco Inc                                        | WATSCO INC                               | CUSIP: 942622200<br>LEI: 549300F1Y3LN5BX5WN75 | Long             | EC               | CORP              | US        |     19479 | NS      | $6747525.60   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| MACOM Technology Solutions Holdings Inc           | MACOM TECHNOLOGY                         | CUSIP: 55405Y100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     57641 | NS      | $10086598.59  | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Commvault Systems Inc                             | COMMVAULT SYSTEM                         | CUSIP: 204166102<br>LEI: 65T5VRP62VXG39YFML83 | Long             | EC               | CORP              | US        |     40028 | NS      | $4943458.00   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Allegro MicroSystems Inc                          | ALLEGRO MICROSYS                         | CUSIP: 01749D105<br>LEI: 54930004TGPV6DR3LE12 | Long             | EC               | CORP              | US        |     42372 | NS      | $1130908.68   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Esab Corp                                         | ESAB CORP                                | CUSIP: 29605J106<br>LEI: 549300ZNV0SWBXEIWT04 | Long             | EC               | CORP              | US        |     51364 | NS      | $5765095.36   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| RH                                                | RH                                       | CUSIP: 74967X103<br>LEI: 5493008MTS3OGGMHGK69 | Long             | EC               | CORP              | US        |      6907 | NS      | $1088474.13   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Alaska Air Group Inc                              | ALASKA AIR GROUP                         | CUSIP: 011659109<br>LEI: 529900G48RT4KWLC6C27 | Long             | EC               | CORP              | US        |     77833 | NS      | $3335922.38   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Haemonetics Corp                                  | HAEMONETICS CORP                         | CUSIP: 405024100<br>LEI: 549300ZEL6TXZS6F5F95 | Long             | EC               | CORP              | US        |     25133 | NS      | $2044569.55   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Carpenter Technology Corp                         | CARPENTER TECH                           | CUSIP: 144285103<br>LEI: DX6I6ZD3X5WNNCDJKP85 | Long             | EC               | CORP              | US        |     44866 | NS      | $14291615.64  | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Duolingo Inc                                      | DUOLINGO                                 | CUSIP: 26603R106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     35730 | NS      | $6839079.30   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| United Therapeutics Corp                          | UNITED THERAPEUT                         | CUSIP: 91307C102<br>LEI: 5299005C4HZL4UWROC14 | Long             | EC               | CORP              | US        |     40706 | NS      | $19783116.00  | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Halozyme Therapeutics Inc                         | HALOZYME THERAPE                         | CUSIP: 40637H109<br>LEI: 529900242I3SV9AGM753 | Long             | EC               | CORP              | US        |    105280 | NS      | $7516992.00   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Cognex Corp                                       | COGNEX CORP                              | CUSIP: 192422103<br>LEI: 549300JQTYZCLC43S226 | Long             | EC               | CORP              | US        |     60405 | NS      | $2301430.50   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                               | TRS:PILGRIM'S PRIDE CORP USD 2026-Aug-31 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |      7000 | NC      | $4410.00      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Parsons Corp                                      | PARSONS CORP                             | CUSIP: 70202L102<br>LEI: 549300ZXH0VRBSEPX752 | Long             | EC               | CORP              | US        |     48088 | NS      | $4072091.84   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Brixmor Property Group Inc                        | BRIXMOR PROPERTY                         | CUSIP: 11120U105<br>LEI: 5299007UXW6Y0W2EGZ95 | Long             | EC               | CORP              | US        |    148860 | NS      | $3891200.40   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| DT Midstream Inc                                  | DT MIDSTREAM                             | CUSIP: 23345M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     91436 | NS      | $11105816.56  | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| KB Home                                           | KB HOME                                  | CUSIP: 48666K109<br>LEI: 549300LGUCWQURMWLG09 | Long             | EC               | CORP              | US        |     31828 | NS      | $2047495.24   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Ormat Technologies Inc                            | ORMAT TECHNOLOGI                         | CUSIP: 686688102<br>LEI: 5493000TSHHWY24VHM09 | Long             | EC               | CORP              | US        |     24578 | NS      | $2775101.98   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Doximity Inc                                      | DOXIMITY INC-A                           | CUSIP: 26622P107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    122783 | NS      | $6315957.52   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Bath & Body Works Inc                             | Bath & Body Works Inc                    | CUSIP: 070830104<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | EC               | CORP              | US        |     97069 | NS      | $1689971.29   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Kyndryl Holdings Inc                              | KYNDRYL HOLDINGS                         | CUSIP: 50155Q100<br>LEI: 549300LQ4LWX2R8ZV130 | Long             | EC               | CORP              | US        |    116423 | NS      | $3007206.09   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Gold Inc                                    | ROYAL GOLD INC                           | CUSIP: 780287108<br>LEI: 5493001NGRU6SFL04184 | Long             | EC               | CORP              | US        |     32720 | NS      | $6669644.80   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| National Storage Affiliates Trust                 | NATIONAL STORAGE                         | CUSIP: 637870106<br>LEI: 529900FS06O8GOYNR108 | Long             | EC               | CORP              | US        |     63503 | NS      | $1870163.35   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Permian Resources Corp                            | PERMIAN RESOURCE                         | CUSIP: 71424F105<br>LEI: 529900NXUJPOKU7OJ511 | Long             | EC               | CORP              | US        |    629326 | NS      | $9118933.74   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                               | TRS:CROCS INC USD 2026-Aug-31            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |     10000 | NC      | $19100.00     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Western Alliance Bancorp                          | WESTERN ALLIANCE                         | CUSIP: 957638109<br>LEI: 5493003VJXZ5JXT9S762 | Long             | EC               | CORP              | US        |     93174 | NS      | $7596476.22   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Carlisle Cos Inc                                  | CARLISLE COS INC                         | CUSIP: 142339100<br>LEI: XR64VGX1ZPX6G7ZN7Z11 | Long             | EC               | CORP              | US        |     38386 | NS      | $12209435.02  | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Hamilton Lane Inc                                 | HAMILTON LANE-A                          | CUSIP: 407497106<br>LEI: 5493006OKN3V1NORM833 | Long             | EC               | CORP              | US        |     36425 | NS      | $4514332.38   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Lumentum Holdings Inc                             | LUMENTUM HOL                             | CUSIP: 55024U109<br>LEI: 549300JLWRRC38DWEF52 | Long             | EC               | CORP              | US        |     39578 | NS      | $12869182.48  | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Viper Energy Inc                                  | VIPER ENERGY I-A                         | CUSIP: 64361Q101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    151882 | NS      | $5548249.46   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| UMB Financial Corp                                | UMB FINANCIAL                            | CUSIP: 902788108<br>LEI: 549300MGEH3N3CUCV828 | Long             | EC               | CORP              | US        |     37278 | NS      | $4140840.24   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Kite Realty Group Trust                           | KITE REALTY GROU                         | CUSIP: 49803T300<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     85035 | NS      | $1967709.90   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Medpace Holdings Inc                              | MEDPACE HOLDINGS                         | CUSIP: 58506Q109<br>LEI: 549300H8TYEUVTW14A54 | Long             | EC               | CORP              | US        |     19974 | NS      | $11833796.04  | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| SEI Investments Co                                | SEI INVESTMENTS                          | CUSIP: 784117103<br>LEI: 5LJTIFADGZ6XH1RVOC11 | Long             | EC               | CORP              | US        |     51608 | NS      | $4173022.88   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Hims & Hers Health Inc                            | HIMS & HERS HEAL                         | CUSIP: 433000106<br>LEI: 549300ZQ4ZUYSAAX6P59 | Long             | EC               | CORP              | US        |    186101 | NS      | $7399375.76   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Jones Lang LaSalle Inc                            | JONES LANG LASAL                         | CUSIP: 48020Q107<br>LEI: 6SYKCME112RT8TQUO411 | Long             | EC               | CORP              | US        |     22604 | NS      | $7361896.76   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingredion Inc                                     | INGREDION INC                            | CUSIP: 457187102<br>LEI: PKSTQ48QDN0XSVS7YK88 | Long             | EC               | CORP              | US        |     24822 | NS      | $2669357.88   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Wyndham Hotels & Resorts Inc                      | WYNDHAM HOTELS &                         | CUSIP: 98311A105<br>LEI: 549300FE3MQ4RVXXC673 | Long             | EC               | CORP              | US        |     68746 | NS      | $5032207.20   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| AAON Inc                                          | AAON INC                                 | CUSIP: 000360206<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     60918 | NS      | $5694614.64   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Roivant Sciences Ltd                              | ROIVANT SCIENCES                         | CUSIP: G76279101<br>LEI: 549300DL466NY5J6U724 | Long             | EC               | CORP              | US        |    387208 | NS      | $8057798.48   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Commerce Bancshares Inc/MO                        | COMMERCE BCSHS                           | CUSIP: 200525103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     63714 | NS      | $3434821.74   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Acuity Brands Inc                                 | ACUITY INC                               | CUSIP: 00508Y102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     27311 | NS      | $10007296.62  | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| H&R Block Inc                                     | H&R BLOCK INC                            | CUSIP: 093671105<br>LEI: 549300CE3KUCWLZBG404 | Long             | EC               | CORP              | US        |    120529 | NS      | $5076681.48   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Evercore Inc                                      | EVERCORE INC                             | CUSIP: 29977A105<br>LEI: 529900P6KLPT95DW3W58 | Long             | EC               | CORP              | US        |     34732 | NS      | $11116671.24  | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| CubeSmart                                         | CUBESMART                                | CUSIP: 229663109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    110892 | NS      | $4128509.16   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Equitable Holdings Inc                            | EQUITABLE HOLDIN                         | CUSIP: 29452E101<br>LEI: 549300FIBAKMNHPZ4009 | Long             | EC               | CORP              | US        |    269572 | NS      | $12586316.68  | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Bruker Corp                                       | BRUKER CORP                              | CUSIP: 116794108<br>LEI: LEBZ6VLQ6I8XB1NHVY15 | Long             | EC               | CORP              | US        |     45823 | NS      | $2236620.63   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| First Industrial Realty Trust Inc                 | FIRST IND REALTY                         | CUSIP: 32054K103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     64398 | NS      | $3686141.52   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Toro Co/The                                       | TORO CO                                  | CUSIP: 891092108<br>LEI: YJKE4YIT6BWQHVEW0D14 | Long             | EC               | CORP              | US        |     37279 | NS      | $2599837.46   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Warner Music Group Corp                           | WARNER MUSIC-A                           | CUSIP: 934550203<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     62984 | NS      | $1778668.16   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Saia Inc                                          | SAIA INC                                 | CUSIP: 78709Y105<br>LEI: 549300WNPG4N9GBOYB29 | Long             | EC               | CORP              | US        |     23977 | NS      | $6750964.12   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Comfort Systems USA Inc                           | COMFORT SYSTEMS                          | CUSIP: 199908104<br>LEI: 5299009DT1ZA5HTU6R38 | Long             | EC               | CORP              | US        |     31682 | NS      | $30951413.08  | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                               | S&P MID 400 EMINI Dec25                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         2 | NC      | $6059.46      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Stifel Financial Corp                             | STIFEL FINANCIAL                         | CUSIP: 860630102<br>LEI: 549300E5F07FE5GHJX84 | Long             | EC               | CORP              | US        |     65287 | NS      | $7965014.00   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Floor & Decor Holdings Inc                        | FLOOR & DECOR-A                          | CUSIP: 339750101<br>LEI: 549300M5FR3N688XGQ36 | Long             | EC               | CORP              | US        |     54242 | NS      | $3450876.04   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Iridium Communications Inc                        | IRIDIUM COMMUNIC                         | CUSIP: 46269C102<br>LEI: 549300U620NVQ4J1CT96 | Long             | EC               | CORP              | US        |     46738 | NS      | $766503.20    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Illumina Inc                                      | ILLUMINA INC                             | CUSIP: 452327109<br>LEI: SQ95QG8SR5Q56LSNF682 | Long             | EC               | CORP              | US        |     71934 | NS      | $9455724.30   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Watts Water Technologies Inc                      | WATTS WATER TE-A                         | CUSIP: 942749102<br>LEI: 549300REJOO94ERQN318 | Long             | EC               | CORP              | US        |     12576 | NS      | $3469466.88   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Brink's Co/The                                    | BRINK'S CO/THE                           | CUSIP: 109696104<br>LEI: XFP140TFNOQMIVFTVQ13 | Long             | EC               | CORP              | US        |     18736 | NS      | $2104614.88   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| BellRing Brands Inc                               | BELLRING BRANDS                          | CUSIP: 07831C103<br>LEI: 549300S3BOK5CMTS8054 | Long             | EC               | CORP              | US        |     52123 | NS      | $1610079.47   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Twilio Inc                                        | TWILIO INC - A                           | CUSIP: 90138F102<br>LEI: 5493004W8TRGD63APX93 | Long             | EC               | CORP              | US        |    138095 | NS      | $17909540.55  | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Zions Bancorp NA                                  | ZIONS BANCORP NA                         | CUSIP: 989701107<br>LEI: 8WH0EE09O9V05QJZ3V89 | Long             | EC               | CORP              | US        |     53111 | NS      | $2827098.53   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| NewMarket Corp                                    | NEWMARKET CORP                           | CUSIP: 651587107<br>LEI: 54930082CG88ERDREQ47 | Long             | EC               | CORP              | US        |      3087 | NS      | $2357017.11   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Murphy USA Inc                                    | MURPHY USA INC                           | CUSIP: 626755102<br>LEI: 549300Y081F8XIKQIO72 | Long             | EC               | CORP              | US        |     15804 | NS      | $6085646.28   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Carlyle Group Inc/The                             | CARLYLE GROUP IN                         | CUSIP: 14316J108<br>LEI: 529900NGGVF94UK6PG95 | Long             | EC               | CORP              | US        |     86762 | NS      | $4731131.86   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| WEX Inc                                           | WEX INC                                  | CUSIP: 96208T104<br>LEI: T9M5IGROL1TL1G5OV478 | Long             | EC               | CORP              | US        |     21572 | NS      | $3200421.92   | 0.21%             |  |  |  | No            |                  1 | On Loan: —       |
| HealthEquity Inc                                  | HEALTHEQUITY INC                         | CUSIP: 42226A107<br>LEI: 529900LRJU1RAFQHM467 | Long             | EC               | CORP              | US        |     77832 | NS      | $8186369.76   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Dick's Sporting Goods Inc                         | DICK'S SPORTING                          | CUSIP: 253393102<br>LEI: 529900SSBV5I4LWSK313 | Long             | EC               | CORP              | US        |     36104 | NS      | $7458003.28   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Paylocity Holding Corp                            | PAYLOCITY HOLDIN                         | CUSIP: 70438V106<br>LEI: 549300VH75FTB4DIEE07 | Long             | EC               | CORP              | US        |     40221 | NS      | $5925759.93   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Kratos Defense & Security Solutions Inc           | KRATOS DEFENSE &                         | CUSIP: 50077B207<br>LEI: 5493000EKBN0UY1F3F88 | Long             | EC               | CORP              | US        |     88124 | NS      | $6706236.40   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| AeroVironment Inc                                 | AEROVIRONMENT IN                         | CUSIP: 008073108<br>LEI: 529900PGHVI29YLZ6221 | Long             | EC               | CORP              | US        |     28634 | NS      | $8002057.64   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Sotera Health Co                                  | SOTERA HEALTH CO                         | CUSIP: 83601L102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     85790 | NS      | $1499609.20   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Scotts Miracle-Gro Co/The                         | SCOTTS MIRACLE                           | CUSIP: 810186106<br>LEI: 2TH9E0JTOUXOEGI2R879 | Long             | EC               | CORP              | US        |     14784 | NS      | $837070.08    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Encompass Health Corp                             | ENCOMPASS HEALTH                         | CUSIP: 29261A100<br>LEI: 549300FVRPM9DRQZRG64 | Long             | EC               | CORP              | US        |     64371 | NS      | $7481197.62   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Trex Co Inc                                       | TREX CO INC                              | CUSIP: 89531P105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     47260 | NS      | $1653154.80   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| CNX Resources Corp                                | CNX RESOURCES CO                         | CUSIP: 12653C108<br>LEI: 549300JK3KH8PWM3B226 | Long             | EC               | CORP              | US        |    127332 | NS      | $4945574.88   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| nVent Electric PLC                                | NVENT ELECTRIC                           | CUSIP: G6700G107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    144852 | NS      | $15538274.04  | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| AECOM                                             | AECOM                                    | CUSIP: 00766T100<br>LEI: 0EEB8GF0W0NPCIHZX097 | Long             | EC               | CORP              | US        |     63181 | NS      | $6515856.53   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Morningstar Inc                                   | MORNINGSTAR INC                          | CUSIP: 617700109<br>LEI: 529900YGNQPOVAXQ7F29 | Long             | EC               | CORP              | US        |     22027 | NS      | $4732721.22   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Crocs Inc                                         | CROCS INC                                | CUSIP: 227046109<br>LEI: 549300B0J6YCXD63OG72 | Long             | EC               | CORP              | US        |     39192 | NS      | $3330536.16   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| TechnipFMC PLC                                    | TECHNIPFMC PLC                           | CUSIP: G87110105<br>LEI: 549300D5I93QWCJTCK36 | Long             | EC               | CORP              | US        |    369919 | NS      | $16742533.94  | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Nutanix Inc                                       | NUTANIX INC - A                          | CUSIP: 67059N108<br>LEI: 549300X7J6E8TKVIXW09 | Long             | EC               | CORP              | US        |    241275 | NS      | $11532945.00  | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Crane Co                                          | CRANE CO                                 | CUSIP: 224408104<br>LEI: 5493000CQRQOTHUODL75 | Long             | EC               | CORP              | US        |     23345 | NS      | $4277971.25   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Grand Canyon Education Inc                        | GRAND CANYON EDU                         | CUSIP: 38526M106<br>LEI: 529900XFER799IYOSW74 | Long             | EC               | CORP              | US        |     24950 | NS      | $3935613.00   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Clean Harbors Inc                                 | CLEAN HARBORS                            | CUSIP: 184496107<br>LEI: 5493000SJVZVZJKHJF48 | Long             | EC               | CORP              | US        |     45377 | NS      | $10325990.12  | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Ciena Corp                                        | CIENA CORP                               | CUSIP: 171779309<br>LEI: W0CZ7N0GH8UIGXDM1H41 | Long             | EC               | CORP              | US        |     76340 | NS      | $15589391.40  | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Manhattan Associates Inc                          | MANHATTAN ASSOC                          | CUSIP: 562750109<br>LEI: 529900Q1GJP7KD52SW51 | Long             | EC               | CORP              | US        |     54423 | NS      | $9602938.35   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Graphic Packaging Holding Co                      | GRAPHIC PACKAGIN                         | CUSIP: 388689101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    103920 | NS      | $1681425.60   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Matador Resources Co                              | MATADOR RESOURCE                         | CUSIP: 576485205<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | EC               | CORP              | US        |     67363 | NS      | $2856191.20   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Wintrust Financial Corp                           | WINTRUST FINL                            | CUSIP: 97650W108<br>LEI: Q774KI4AW80FHFW33O61 | Long             | EC               | CORP              | US        |     31353 | NS      | $4201929.06   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| CACI International Inc                            | CACI INTL-A                              | CUSIP: 127190304<br>LEI: SYRPI2D1O9WRTS2WX210 | Long             | EC               | CORP              | US        |     11877 | NS      | $7329296.70   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| LivaNova PLC                                      | LIVANOVA PLC                             | CUSIP: G5509L101<br>LEI: 2138001K2FX6SHK2B339 | Long             | EC               | CORP              | US        |     20131 | NS      | $1284559.11   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| RBC Bearings Inc                                  | RBC BEARINGS INC                         | CUSIP: 75524B104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     28288 | NS      | $12587311.36  | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Gentex Corp                                       | GENTEX CORP                              | CUSIP: 371901109<br>LEI: 549300S3UD8XV1MN0287 | Long             | EC               | CORP              | US        |     80940 | NS      | $1847860.20   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Vontier Corp                                      | VONTIER CORP                             | CUSIP: 928881101<br>LEI: 549300VVSQLG4P5K4639 | Long             | EC               | CORP              | US        |     55416 | NS      | $2010492.48   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Valmont Industries Inc                            | VALMONT INDS                             | CUSIP: 920253101<br>LEI: 5493009ZGZJJ8F77JN08 | Long             | EC               | CORP              | US        |     12972 | NS      | $5357046.84   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Ensign Group Inc/The                              | ENSIGN GROUP INC                         | CUSIP: 29358P101<br>LEI: 5493003K4HEEA8Q0BC72 | Long             | EC               | CORP              | US        |     51565 | NS      | $9567370.10   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Simpson Manufacturing Co Inc                      | SIMPSON MFG                              | CUSIP: 829073105<br>LEI: 529900EJUNNL15LZ8056 | Long             | EC               | CORP              | US        |     24734 | NS      | $4139976.92   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Churchill Downs Inc                               | CHURCHILL DOWNS                          | CUSIP: 171484108<br>LEI: 529900FODTBQC8MIS994 | Long             | EC               | CORP              | US        |     59968 | NS      | $6541909.12   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| GameStop Corp                                     | GAMESTOP CORP-A                          | CUSIP: 36467W109<br>LEI: 549300505KLOET039L77 | Long             | EC               | CORP              | US        |    162870 | NS      | $3669461.10   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Independence Realty Trust Inc                     | INDEPENDENCE REA                         | CUSIP: 45378A106<br>LEI: 549300Z3L8NU44NQEB29 | Long             | EC               | CORP              | US        |    125972 | NS      | $2160419.80   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Post Holdings Inc                                 | POST HOLDINGS IN                         | CUSIP: 737446104<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | EC               | CORP              | US        |     24077 | NS      | $2504730.31   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Qualys Inc                                        | QUALYS INC                               | CUSIP: 74758T303<br>LEI: 549300EMBXYOW9W1XA17 | Long             | EC               | CORP              | US        |     18830 | NS      | $2652205.50   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Toll Brothers Inc                                 | TOLL BROTHERS                            | CUSIP: 889478103<br>LEI: 529900JB6IS9MSZGVR44 | Long             | EC               | CORP              | US        |     88368 | NS      | $12356497.44  | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| RLI Corp                                          | RLI CORP                                 | CUSIP: 749607107<br>LEI: 529900AMTJE5ECN9PS55 | Long             | EC               | CORP              | US        |     82672 | NS      | $5097555.52   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Service Corp International/US                     | SERVICE CORP INT                         | CUSIP: 817565104<br>LEI: 549300RKVM2ME20JHZ15 | Long             | EC               | CORP              | US        |     77006 | NS      | $6116586.58   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| MKS Instruments Inc                               | MKS INC                                  | CUSIP: 55306N104<br>LEI: 549300KEQATBHAGVF505 | Long             | EC               | CORP              | US        |     24800 | NS      | $3878472.00   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Pure Storage Inc                                  | PURE STORAGE-A                           | CUSIP: 74624M102<br>LEI: 549300NPDB0BZTK3WO90 | Long             | EC               | CORP              | US        |    279444 | NS      | $24859338.24  | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Glacier Bancorp Inc                               | GLACIER BANCORP                          | CUSIP: 37637Q105<br>LEI: 549300SMJAUKZB5D7V74 | Long             | EC               | CORP              | US        |     52050 | NS      | $2201715.00   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| SLM Corp                                          | SLM CORP                                 | CUSIP: 78442P106<br>LEI: 4K8SLPBF5DXXGPW03H93 | Long             | EC               | CORP              | US        |    187695 | NS      | $5499463.50   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| IDACORP Inc                                       | IDACORP INC                              | CUSIP: 451107106<br>LEI: N134NUJDWN8UEFA8B673 | Long             | EC               | CORP              | US        |     19926 | NS      | $2625848.28   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Choice Hotels International Inc                   | CHOICE HOTELS                            | CUSIP: 169905106<br>LEI: 5493003CYRY5RFGTIR97 | Long             | EC               | CORP              | US        |     18589 | NS      | $1696432.14   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                               | TRS:ALASKA AIR GROUP INC USD 2026-Aug-31 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |     26000 | NC      | $41600.00     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| KBR Inc                                           | KBR INC                                  | CUSIP: 48242W106<br>LEI: 254900OFQDXZRKRCV808 | Long             | EC               | CORP              | US        |     48672 | NS      | $2006259.84   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Lantheus Holdings Inc                             | LANTHEUS HOLDING                         | CUSIP: 516544103<br>LEI: 5299005HUB5IOJGO7S39 | Long             | EC               | CORP              | US        |     61250 | NS      | $3605787.50   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| BWX Technologies Inc                              | BWX TECHNOLOGIES                         | CUSIP: 05605H100<br>LEI: 549300NP85N265KWMS58 | Long             | EC               | CORP              | US        |     82261 | NS      | $14714847.68  | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Industrial Technologies Inc               | APPLIED INDU TEC                         | CUSIP: 03820C105<br>LEI: 549300NU173IJRC6PO38 | Long             | EC               | CORP              | US        |     34275 | NS      | $8871055.50   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Rambus Inc                                        | RAMBUS INC                               | CUSIP: 750917106<br>LEI: 2549000211GDCQSLV833 | Long             | EC               | CORP              | US        |     96832 | NS      | $9254234.24   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Mueller Industries Inc                            | MUELLER INDS                             | CUSIP: 624756102<br>LEI: 5493005IZFE4VJLLYG84 | Long             | EC               | CORP              | US        |     99631 | NS      | $10946457.97  | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Globus Medical Inc                                | GLOBUS MEDICAL I                         | CUSIP: 379577208<br>LEI: 5299003M2P4CIK0RF205 | Long             | EC               | CORP              | US        |    101366 | NS      | $9228360.64   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Chart Industries Inc                              | CHART INDUSTRIES                         | CUSIP: 16115Q308<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | EC               | CORP              | US        |     39766 | NS      | $8110275.70   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Boyd Gaming Corp                                  | BOYD GAMING CORP                         | CUSIP: 103304101<br>LEI: 254900787YGRYS2A1Z35 | Long             | EC               | CORP              | US        |     32555 | NS      | $2711831.50   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| ATI Inc                                           | ATI INC                                  | CUSIP: 01741R102<br>LEI: ZW1LRE7C3H17O2ZN9B45 | Long             | EC               | CORP              | US        |    124051 | NS      | $12504340.80  | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Dynatrace Inc                                     | DYNATRACE INC                            | CUSIP: 268150109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    271359 | NS      | $12091757.04  | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Hilton Grand Vacations Inc                        | HILTON GRAND VAC                         | CUSIP: 43283X105<br>LEI: 549300O9K6MFD8D07574 | Long             | EC               | CORP              | US        |     55478 | NS      | $2376122.74   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| elf Beauty Inc                                    | ELF BEAUTY INC                           | CUSIP: 26856L103<br>LEI: 549300U2K9TCON25C029 | Long             | EC               | CORP              | US        |     53419 | NS      | $4068925.23   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Vail Resorts Inc                                  | VAIL RESORTS                             | CUSIP: 91879Q109<br>LEI: 529900PSZHRNU9HKH870 | Long             | EC               | CORP              | US        |     17711 | NS      | $2483259.31   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Casey's General Stores Inc                        | CASEY'S GENERAL                          | CUSIP: 147528103<br>LEI: 549300CAFWSI86V66Q65 | Long             | EC               | CORP              | US        |     23091 | NS      | $13172491.86  | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Coherent Corp                                     | COHERENT CORP                            | CUSIP: 19247G107<br>LEI: 549300O5C25A0MMHHU33 | Long             | EC               | CORP              | US        |    139901 | NS      | $22980138.26  | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Lattice Semiconductor Corp                        | LATTICE SEMICOND                         | CUSIP: 518415104<br>LEI: 549300LRBBPZDQ2II567 | Long             | EC               | CORP              | US        |     60410 | NS      | $4241386.10   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Home BancShares Inc/AR                            | HOME BANCSHARES                          | CUSIP: 436893200<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     62642 | NS      | $1757734.52   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Jefferies Financial Group Inc                     | JEFFERIES FINANC                         | CUSIP: 47233W109<br>LEI: 549300HOF34RGOJ5YL07 | Long             | EC               | CORP              | US        |     78758 | NS      | $4533310.48   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Primerica Inc                                     | PRIMERICA INC                            | CUSIP: 74164M108<br>LEI: 254900621R686KJR7022 | Long             | EC               | CORP              | US        |     29153 | NS      | $7501649.96   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Neurocrine Biosciences Inc                        | NEUROCRINE BIOSC                         | CUSIP: 64125C109<br>LEI: 549300FECER0XBN49756 | Long             | EC               | CORP              | US        |     89269 | NS      | $13583171.04  | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Hyatt Hotels Corp                                 | HYATT HOTELS-A                           | CUSIP: 448579102<br>LEI: T27JQIMTYSH41TCD5186 | Long             | EC               | CORP              | US        |     38112 | NS      | $6265231.68   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Roadhouse Inc                               | TEXAS ROADHOUS                           | CUSIP: 882681109<br>LEI: 5299002Y1CNRPDGXTQ75 | Long             | EC               | CORP              | US        |     59805 | NS      | $10480826.25  | 0.69%             |  |  |  | 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        |     24242 | NS      | $2424169.20   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Woodward Inc                                      | WOODWARD INC                             | CUSIP: 980745103<br>LEI: YPYKXXTR8TFDH54ZMB45 | Long             | EC               | CORP              | US        |     53970 | NS      | $16192619.10  | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryder System Inc                                  | RYDER SYSTEM INC                         | CUSIP: 783549108<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | EC               | CORP              | US        |     19445 | NS      | $3368068.45   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| MP Materials Corp                                 | MP MATERIALS COR                         | CUSIP: 553368101<br>LEI: 89450063PHPS61USMT84 | Long             | EC               | CORP              | US        |     53266 | NS      | $3299828.70   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| AptarGroup Inc                                    | APTARGROUP INC                           | CUSIP: 038336103<br>LEI: VNPEQDQFAA7IY1T2PX43 | Long             | EC               | CORP              | US        |     31448 | NS      | $3923138.00   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Bentley Systems Inc                               | BENTLEY SYSTEM-B                         | CUSIP: 08265T208<br>LEI: 549300WVEHPGE0Z56F71 | Long             | EC               | CORP              | US        |     77711 | NS      | $3260753.56   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Abercrombie & Fitch Co                            | ABERCROMBIE & FI                         | CUSIP: 002896207<br>LEI: 5493000J7LL72TOGT983 | Long             | EC               | CORP              | US        |     42851 | NS      | $4193827.37   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| EchoStar Corp                                     | ECHOSTAR CORP-A                          | CUSIP: 278768106<br>LEI: 549300EE20907QZ9GT38 | Long             | EC               | CORP              | US        |     59340 | NS      | $4349028.60   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| API Group Corp                                    | API GROUP CORP                           | CUSIP: 00187Y100<br>LEI: 213800NZT1VX6PZ7BT53 | Long             | EC               | CORP              | US        |    196553 | NS      | $7775636.68   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinsale Capital Group Inc                         | KINSALE CAPITAL                          | CUSIP: 49714P108<br>LEI: 529900QTUQHNZ6HOA508 | Long             | EC               | CORP              | US        |     19922 | NS      | $7667977.80   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Consolidated Inc                        | COCA-COLA CONSOL                         | CUSIP: 191098102<br>LEI: 57VG5X0E00X0QJU7CQ58 | Long             | EC               | CORP              | US        |     53945 | NS      | $8790337.75   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Sterling Infrastructure Inc                       | STERLING INFRAST                         | CUSIP: 859241101<br>LEI: 549300RZIK6K1215XU51 | Long             | EC               | CORP              | US        |     27377 | NS      | $9426174.87   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| YETI Holdings Inc                                 | YETI HOLDINGS IN                         | CUSIP: 98585X104<br>LEI: 549300DSQICIGNT5GO63 | Long             | EC               | CORP              | US        |     30684 | NS      | $1272772.32   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Federated Hermes Inc                              | FEDERATED HERMES                         | CUSIP: 314211103<br>LEI: R05X5UQ874RGFF7HHD84 | Long             | EC               | CORP              | US        |     40553 | NS      | $2034544.01   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Planet Fitness Inc                                | PLANET FITNESS-A                         | CUSIP: 72703H101<br>LEI: 549300LLE5HUPF6H8G33 | Long             | EC               | CORP              | US        |     75527 | NS      | $8456758.19   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Vornado Realty Trust                              | VORNADO RLTY TST                         | CUSIP: 929042109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    105917 | NS      | $3899863.94   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Novanta Inc                                       | NOVANTA INC                              | CUSIP: 67000B104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19737 | NS      | $2243307.42   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Sprouts Farmers Market Inc                        | SPROUTS FARMERS                          | CUSIP: 85208M102<br>LEI: 529900P8F4G77Q52XE24 | Long             | EC               | CORP              | US        |     87959 | NS      | $7371843.79   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryan Specialty Holdings Inc                       | RYAN SPECIALTY H                         | CUSIP: 78351F107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    101432 | NS      | $5890156.24   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| COPT Defense Properties                           | COPT DEFENSE PRO                         | CUSIP: 22002T108<br>LEI: YY1J47X6LF9TYY8JY420 | Long             | EC               | CORP              | US        |     52705 | NS      | $1619624.65   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Cabot Corp                                        | CABOT CORP                               | CUSIP: 127055101<br>LEI: K05C0SER542GQ6VLRO68 | Long             | EC               | CORP              | US        |     26799 | NS      | $1676813.43   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Cytokinetics Inc                                  | CYTOKINETICS INC                         | CUSIP: 23282W605<br>LEI: 549300BE5DY1HW7IHA64 | Long             | EC               | CORP              | US        |     53812 | NS      | $3666211.56   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Weatherford International PLC                     | WEATHERFORD INTE                         | CUSIP: G48833118<br>LEI: 529900LPBDSCQDJKHQ39 | Long             | EC               | CORP              | US        |     31013 | NS      | $2319772.40   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Wingstop Inc                                      | WINGSTOP INC                             | CUSIP: 974155103<br>LEI: 549300SSH3F8HPIM3Q47 | Long             | EC               | CORP              | US        |     25137 | NS      | $6654518.01   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Power Integrations Inc                            | POWER INTEGRATIO                         | CUSIP: 739276103<br>LEI: 54930085LGXSCIHD5W31 | Long             | EC               | CORP              | US        |     17178 | NS      | $577180.80    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Cullen/Frost Bankers Inc                          | CULLEN/FROST                             | CUSIP: 229899109<br>LEI: 529900V2E9G9AY665O34 | Long             | EC               | CORP              | US        |     40540 | NS      | $5015608.80   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Burlington Stores Inc                             | BURLINGTON STORE                         | CUSIP: 122017106<br>LEI: 5299003Z37DVGKKC1W09 | Long             | EC               | CORP              | US        |     56082 | NS      | $14145562.86  | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Tenet Healthcare Corp                             | TENET HEALTHCARE                         | CUSIP: 88033G407<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | EC               | CORP              | US        |     48507 | NS      | $10518257.88  | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Lincoln Electric Holdings Inc                     | LINCOLN ELECTRIC                         | CUSIP: 533900106<br>LEI: BIMGBY40SIN95O01BN93 | Long             | EC               | CORP              | US        |     28315 | NS      | $6779460.45   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| MGIC Investment Corp                              | MGIC INVT CORP                           | CUSIP: 552848103<br>LEI: 254900S8483WM4M98R28 | Long             | EC               | CORP              | US        |     99523 | NS      | $2821477.05   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Park Hotels & Resorts Inc                         | PARK H&R INC                             | CUSIP: 700517105<br>LEI: 5493005UZ5TQN0H6HS73 | Long             | EC               | CORP              | US        |     88054 | NS      | $952744.28    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| TransUnion                                        | TRANSUNION                               | CUSIP: 89400J107<br>LEI: 549300ZS772LUNUMRB03 | Long             | EC               | CORP              | US        |    175322 | NS      | $14911136.10  | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Janus Henderson Group PLC                         | JANUS HENDERSON                          | CUSIP: G4474Y214<br>LEI: 2138009WPYMWJN3RVF44 | Long             | EC               | CORP              | US        |     44894 | NS      | $1962316.74   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| American Homes 4 Rent                             | AMERICAN HOMES-A                         | CUSIP: 02665T306<br>LEI: 549300ZJUO7A58PNUW40 | Long             | EC               | CORP              | US        |    111523 | NS      | $3582118.76   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Okta Inc                                          | OKTA INC                                 | CUSIP: 679295105<br>LEI: 549300N8J06I8MRHU620 | Long             | EC               | CORP              | US        |    150452 | NS      | $12085809.16  | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Shift4 Payments Inc                               | SHIFT4 PAYMENT-A                         | CUSIP: 82452J109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     60596 | NS      | $4470772.88   | 0.30%             |  |  |  | No            |                  1 | On Loan: —       |
| Gaming and Leisure Properties Inc                 | GAMING AND LEISU                         | CUSIP: 36467J108<br>LEI: 5493006GWRDBCZYWTM57 | Long             | EC               | CORP              | US        |    109567 | NS      | $4769451.51   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| RB Global Inc                                     | RB GLOBAL INC                            | CUSIP: 74935Q107<br>LEI: 5493002H8U24DJXQ4886 | Long             | EC               | CORP              | US        |    167049 | NS      | $16404211.80  | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| First Financial Bankshares Inc                    | FIRST FIN BANKSH                         | CUSIP: 32020R109<br>LEI: 549300XN3GTGOENGNV49 | Long             | EC               | CORP              | US        |     65592 | NS      | $2049094.08   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Cirrus Logic Inc                                  | CIRRUS LOGIC INC                         | CUSIP: 172755100<br>LEI: 549300NKSJEM5ZZSSV18 | Long             | EC               | CORP              | US        |     28205 | NS      | $3394189.70   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackbaud Inc                                     | BLACKBAUD INC                            | CUSIP: 09227Q100<br>LEI: 54930056X3HKFMNG3754 | Long             | EC               | CORP              | US        |     16388 | NS      | $923955.44    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| RenaissanceRe Holdings Ltd                        | RENAISSANCERE                            | CUSIP: G7496G103<br>LEI: EK6GB9U3U58PDI411C94 | Long             | EC               | CORP              | US        |     42362 | NS      | $11063683.54  | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Hexcel Corp                                       | HEXCEL CORP                              | CUSIP: 428291108<br>LEI: S6Q7LW43WUBUHXY2QP69 | Long             | EC               | CORP              | US        |     35781 | NS      | $2727585.63   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| TopBuild Corp                                     | TOPBUILD COR                             | CUSIP: 89055F103<br>LEI: 5493007YSKHOL4RWII46 | Long             | EC               | CORP              | US        |     25181 | NS      | $11394402.50  | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Pegasystems Inc                                   | PEGASYSTEMS INC                          | CUSIP: 705573103<br>LEI: 549300FMCOKPL06FYN26 | Long             | EC               | CORP              | US        |     83181 | NS      | $4555823.37   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Core & Main Inc                                   | CORE & MAIN IN-A                         | CUSIP: 21874C102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    105865 | NS      | $5117514.10   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Pinnacle Financial Partners Inc                   | PINNACLE FINL                            | CUSIP: 72346Q104<br>LEI: 54930098EZ8JMSAZGS24 | Long             | EC               | CORP              | US        |     44322 | NS      | $4063440.96   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Travel + Leisure Co                               | TRAVEL + LEISURE                         | CUSIP: 894164102<br>LEI: T4VNTWMFQ7JQB65L7T35 | Long             | EC               | CORP              | US        |     58470 | NS      | $4009872.60   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Affiliated Managers Group Inc                     | AFFIL MANAGERS                           | CUSIP: 008252108<br>LEI: 2JE75BUE3T1BLCYYGK54 | Long             | EC               | CORP              | US        |     10477 | NS      | $2816531.91   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Tetra Tech Inc                                    | TETRA TECH INC                           | CUSIP: 88162G103<br>LEI: 549300UJ1LP7JGJC5P32 | Long             | EC               | CORP              | US        |    236516 | NS      | $8216565.84   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Maplebear Inc                                     | MAPLEBEAR INC                            | CUSIP: 565394103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     76296 | NS      | $3205194.96   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Valaris Ltd                                       | VALARIS LTD                              | CUSIP: G9460G101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     59655 | NS      | $3365138.55   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Voya Financial Inc                                | VOYA FINANCIAL I                         | CUSIP: 929089100<br>LEI: 549300T065Z4KJ686G75 | Long             | EC               | CORP              | US        |     45096 | NS      | $3170248.80   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Drainage Systems Inc                     | ADVANCED DRAINAG                         | CUSIP: 00790R104<br>LEI: 6QQTOZ5MF5DHM7K92I60 | Long             | EC               | CORP              | US        |     30917 | NS      | $4711132.46   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Fabrinet                                          | FABRINET                                 | CUSIP: G3323L100<br>LEI: 5493004TETZ6IYF7CV44 | Long             | EC               | CORP              | US        |     32248 | NS      | $14815053.68  | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Chewy Inc                                         | CHEWY INC- CL A                          | CUSIP: 16679L109<br>LEI: 254900NPQSTG9I422879 | Long             | EC               | CORP              | US        |    200632 | NS      | $6975974.64   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| GATX Corp                                         | GATX CORP                                | CUSIP: 361448103<br>LEI: 549300IHYHCQP2PIR591 | Long             | EC               | CORP              | US        |     19852 | NS      | $3174930.36   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| International Bancshares Corp                     | INTL BANCSHARES                          | CUSIP: 459044103<br>LEI: 549300Y16R531AU8TX77 | Long             | EC               | CORP              | US        |     34533 | NS      | $2295753.84   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Crane NXT Co                                      | CRANE NXT CO                             | CUSIP: 224441105<br>LEI: 549300EXNPSXEWUD3N21 | Long             | EC               | CORP              | US        |     17765 | NS      | $1000169.50   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Eagle Materials Inc                               | EAGLE MATERIALS                          | CUSIP: 26969P108<br>LEI: 529900KRXRGXL61SG039 | Long             | EC               | CORP              | US        |     29210 | NS      | $6534861.20   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity LifeStyle Properties Inc                   | EQUITY LIFESTYLE                         | CUSIP: 29472R108<br>LEI: 529900PEQG66LENB6798 | Long             | EC               | CORP              | US        |     87230 | NS      | $5484150.10   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Synovus Financial Corp                            | SYNOVUS FINL                             | CUSIP: 87161C501<br>LEI: 549300EIUS8UN5JTLE54 | Long             | EC               | CORP              | US        |     61281 | NS      | $2953744.20   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Louisiana-Pacific Corp                            | LOUISIANA-PACIFI                         | CUSIP: 546347105<br>LEI: 549300C7E2UAO5BVRR75 | Long             | EC               | CORP              | US        |     57066 | NS      | $4679982.66   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Belden Inc                                        | BELDEN INC                               | CUSIP: 077454106<br>LEI: 68BKYO1JC791TTJHUE82 | Long             | EC               | CORP              | US        |     35680 | NS      | $4046112.00   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Owens Corning                                     | OWENS CORNING                            | CUSIP: 690742101<br>LEI: JO5M6676RDJIZ2U8X907 | Long             | EC               | CORP              | US        |     75266 | NS      | $8523121.84   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Pilgrim's Pride Corp                              | PILGRIM'S PRIDE                          | CUSIP: 72147K108<br>LEI: 549300ZSLGV64ZL3HD75 | Long             | EC               | CORP              | US        |     31458 | NS      | $1196662.32   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Appfolio Inc                                      | APPFOLIO INC - A                         | CUSIP: 03783C100<br>LEI: 529900OOUUGT6JFC0S15 | Long             | EC               | CORP              | US        |     20592 | NS      | $4700741.76   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Agree Realty Corp                                 | AGREE REALTY                             | CUSIP: 008492100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     40738 | NS      | $3064312.36   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Euronet Worldwide Inc                             | EURONET WORLDWID                         | CUSIP: 298736109<br>LEI: YG3575C4DSHJPA5KET68 | Long             | EC               | CORP              | US        |     21441 | NS      | $1588563.69   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Axalta Coating Systems Ltd                        | AXALTA COATING S                         | CUSIP: G0750C108<br>LEI: 529900AGLPA40GV6H619 | Long             | EC               | CORP              | US        |    105190 | NS      | $3169374.70   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| XPO Inc                                           | XPO INC                                  | CUSIP: 983793100<br>LEI: 54930096DB9LCLPN7H13 | Long             | EC               | CORP              | US        |     51937 | NS      | $7378170.22   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Donaldson Co Inc                                  | DONALDSON CO INC                         | CUSIP: 257651109<br>LEI: OZE6KXY9QQPR8EJ8WL20 | Long             | EC               | CORP              | US        |     59794 | NS      | $5375480.60   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| MasTec Inc                                        | MASTEC INC                               | CUSIP: 576323109<br>LEI: 549300TMDIT8WREDOF45 | Long             | EC               | CORP              | US        |     55175 | NS      | $11800829.00  | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Graco Inc                                         | GRACO INC                                | CUSIP: 384109104<br>LEI: 4T5VJ4S81BRT6Q7GGT78 | Long             | EC               | CORP              | US        |     73086 | NS      | $6025209.84   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| FirstCash Holdings Inc                            | FIRSTCASH HOLDIN                         | CUSIP: 33768G107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     22504 | NS      | $3564858.64   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Silicon Laboratories Inc                          | SILICON LABS                             | CUSIP: 826919102<br>LEI: 4PRDF8Q9TDHRVZKZSZ47 | Long             | EC               | CORP              | US        |     12691 | NS      | $1619117.78   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Kirby Corp                                        | KIRBY CORP                               | CUSIP: 497266106<br>LEI: I7NO6FZO5GUCG585T325 | Long             | EC               | CORP              | US        |     50234 | NS      | $5702563.68   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| DocuSign Inc                                      | DOCUSIGN INC                             | CUSIP: 256163106<br>LEI: 549300Q7PVDWRZ39JG09 | Long             | EC               | CORP              | US        |    181860 | NS      | $12611991.00  | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| EastGroup Properties Inc                          | EASTGROUP PROP                           | CUSIP: 277276101<br>LEI: 31TIGQQZC4P6JMHKSW85 | Long             | EC               | CORP              | US        |     22542 | NS      | $4084159.56   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Omega Healthcare Investors Inc                    | OMEGA HEALTHCARE                         | CUSIP: 681936100<br>LEI: 549300OJ7ENK42CZ8E73 | Long             | EC               | CORP              | US        |    106247 | NS      | $4878862.24   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Flowserve Corp                                    | FLOWSERVE CORP                           | CUSIP: 34354P105<br>LEI: 6Y0GK87T6V7NJKZJVM41 | Long             | EC               | CORP              | US        |     82415 | NS      | $5880310.25   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Antero Midstream Corp                             | ANTERO MIDSTREAM                         | CUSIP: 03676B102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    150631 | NS      | $2712864.31   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Genpact Ltd                                       | GENPACT LTD                              | CUSIP: G3922B107<br>LEI: 529900OSEC6Q0L4L5B35 | Long             | EC               | CORP              | US        |     77370 | NS      | $3408922.20   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Valvoline Inc                                     | VALVOLINE INC                            | CUSIP: 92047W101<br>LEI: 549300CMHPBEY6VPOT75 | Long             | EC               | CORP              | US        |    114490 | NS      | $3584681.90   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Display Corp                            | UNIVERSAL DISPLA                         | CUSIP: 91347P105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     18290 | NS      | $2175229.70   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| RPM International Inc                             | RPM INTL INC                             | CUSIP: 749685103<br>LEI: 549300TJCKW4BRXPJ474 | Long             | EC               | CORP              | US        |     65865 | NS      | $7064021.25   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Onto Innovation Inc                               | ONTO INNOVATION                          | CUSIP: 683344105<br>LEI: 254900RXZVN73CHOO062 | Long             | EC               | CORP              | US        |     24682 | NS      | $3533475.12   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Repligen Corp                                     | REPLIGEN CORP                            | CUSIP: 759916109<br>LEI: 54930006QJ0T5AUO1E71 | Long             | EC               | CORP              | US        |     20010 | NS      | $3422110.20   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Exponent Inc                                      | EXPONENT INC                             | CUSIP: 30214U102<br>LEI: 529900NY3F5Q2NWPUZ42 | Long             | EC               | CORP              | US        |     27253 | NS      | $1970391.90   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| BJ's Wholesale Club Holdings Inc                  | BJ'S WHOLESALE C                         | CUSIP: 05550J101<br>LEI: 549300UCIWH1C93V0J03 | Long             | EC               | CORP              | US        |     55874 | NS      | $4985637.02   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| East West Bancorp Inc                             | EAST WEST BNCRP                          | CUSIP: 27579R104<br>LEI: 254900O4X656YXFOYB11 | Long             | EC               | CORP              | US        |    124014 | NS      | $13232293.80  | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Curtiss-Wright Corp                               | CURTISS-WRIGHT                           | CUSIP: 231561101<br>LEI: TEL51ETZWP7D0ZM4X325 | Long             | EC               | CORP              | US        |     33911 | NS      | $19135638.19  | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| American Airlines Group Inc                       | AMERICAN AIRLINE                         | CUSIP: 02376R102<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | EC               | CORP              | US        |    593859 | NS      | $8343718.95   | 0.55%             |  |  |  | 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        |     38173 | NS      | $3817337.25   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Range Resources Corp                              | RANGE RESOURCES                          | CUSIP: 75281A109<br>LEI: H3Y3WLYCX0BTO1TRW162 | Long             | EC               | CORP              | US        |     98679 | NS      | $3896833.71   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| American Financial Group Inc/OH                   | AMER FINL GROUP                          | CUSIP: 025932104<br>LEI: 549300AFOM7IVKIU1G39 | Long             | EC               | CORP              | US        |     27392 | NS      | $3772426.24   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Cava Group Inc                                    | CAVA GROUP INC                           | CUSIP: 148929102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     69960 | NS      | $3420344.40   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| New York Times Co/The                             | NEW YORK TIMES-A                         | CUSIP: 650111107<br>LEI: 529900J1WEMMIW7BOH57 | Long             | EC               | CORP              | US        |     78779 | NS      | $5081245.50   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Marzetti Company/The                              | MARZETTI COMPANY                         | CUSIP: 513847103<br>LEI: 529900X4O13HED1ZAS58 | Long             | EC               | CORP              | US        |      8992 | NS      | $1501124.48   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Ollie's Bargain Outlet Holdings Inc               | OLLIE'S BARGAIN                          | CUSIP: 681116109<br>LEI: 529900YO5DSQCPEFDZ05 | Long             | EC               | CORP              | US        |     32592 | NS      | $4012401.12   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Dropbox Inc                                       | DROPBOX INC-A                            | CUSIP: 26210C104<br>LEI: 549300JCDF7UAR6TJR51 | Long             | EC               | CORP              | US        |    101545 | NS      | $3034164.60   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Guidewire Software Inc                            | GUIDEWIRE SOFTWA                         | CUSIP: 40171V100<br>LEI: 549300WXSG0J8IXZCK32 | Long             | EC               | CORP              | US        |     75777 | NS      | $16366316.46  | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Masimo Corp                                       | MASIMO CORP                              | CUSIP: 574795100<br>LEI: 549300Q4A8JK0PIYCU29 | Long             | EC               | CORP              | US        |     41565 | NS      | $5920102.95   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| ITT Inc                                           | ITT INC                                  | CUSIP: 45073V108<br>LEI: 549300KDSERHTJOXUS80 | Long             | EC               | CORP              | US        |     49839 | NS      | $9178350.24   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Lamar Advertising Co                              | LAMAR ADVERTIS-A                         | CUSIP: 512816109<br>LEI: 529900Y8WW4MKVPTB543 | Long             | EC               | CORP              | US        |     49223 | NS      | $6516632.97   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Entegris Inc                                      | ENTEGRIS INC                             | CUSIP: 29362U104<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | EC               | CORP              | US        |     70967 | NS      | $5474394.38   | 0.36%             |  |  |  | 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