# EDGAR Filing Document

**Accession Number:** 0000912147
**File Stem:** 0001410368-26-049623
**Filing Date:** 2026-5
**Character Count:** 95713
**Document Hash:** ad127c40c1e80862625f6c1cd66fe5f1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-049623.hdr.sgml**: 20260521

**ACCESSION NUMBER**: 0001410368-26-049623

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260521

**DATE AS OF CHANGE**: 20260521

**PERIOD START**: 20261231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ROYCE MICRO-CAP TRUST, INC.
- **CENTRAL INDEX KEY:** 0000912147

**ORGANIZATION NAME:**
- **EIN:** 133739778
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08030
- **FILM NUMBER:** 261006736

**BUSINESS ADDRESS:**
- **STREET 1:** ONE MADISON AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10010
- **BUSINESS PHONE:** 2124084587

**MAIL ADDRESS:**
- **STREET 1:** ONE MADISON AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10010

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ROYCE MICRO-CAP TRUST, INC /MD/
- **DATE OF NAME CHANGE:** 20090324

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ROYCE MICRO CAP TRUST INC /MD/
- **DATE OF NAME CHANGE:** 20010430

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ROYCE OTC MICRO CAP FUND INC
- **DATE OF NAME CHANGE:** 19930917

## Nport-Ex

SCHEDULE OF INVESTMENTS

ROYCE MICRO-CAP TRUST

MARCH 31, 2026 (UNAUDITED)

---

| | | |
|:---|:---|:---|
|  | **SHARES** | **VALUE** |
| **COMMON STOCKS – 101.5%** |  |  |
| **Communication Services – 2.3%** |  |  |
| Entertainment - 1.1% |  |  |
| &nbsp;&nbsp;&nbsp;IMAX Corporation <sup>[1](#c001_v1)</sup><sup>,</sup><sup>[2](#c002_v1)</sup><sup>,</sup><sup>[3](#c003_v1)</sup> | 191926 | $7295107 |
| Interactive Media & Services - 0.8% |  |  |
| &nbsp;&nbsp;&nbsp;DHI Group <sup>[3](#c003_v1)</sup> | 500549 | 1406542 |
| &nbsp;&nbsp;&nbsp;QuinStreet <sup>[3](#c003_v1)</sup> | 362269 | 4350851 |
|  |  | 5757393 |
| Media - 0.4% |  |  |
| &nbsp;&nbsp;&nbsp;Magnite <sup>[3](#c003_v1)</sup> | 210376 | 2499267 |
| **Total** |  | 15551767 |
| **Consumer Discretionary – 10.6%** |  |  |
| Automobile Components - 0.7% |  |  |
| &nbsp;&nbsp;&nbsp;Fox Factory Holding Corp. <sup>[3](#c003_v1)</sup> | 184071 | 3029809 |
| &nbsp;&nbsp;&nbsp;Stoneridge <sup>[3](#c003_v1)</sup> | 452992 | 2187951 |
|  |  | 5217760 |
| Diversified Consumer Services - 2.5% |  |  |
| &nbsp;&nbsp;&nbsp;Legacy Education <sup>[3](#c003_v1)</sup> | 495483 | 6203447 |
| &nbsp;&nbsp;&nbsp;Lincoln Educational Services <sup>[3](#c003_v1)</sup> | 100000 | 4068000 |
| &nbsp;&nbsp;&nbsp;Universal Technical Institute <sup>[2](#c002_v1)</sup><sup>,</sup><sup>[3](#c003_v1)</sup> | 194500 | 7021450 |
|  |  | 17292897 |
| Hotels, Restaurants & Leisure - 2.0% |  |  |
| &nbsp;&nbsp;&nbsp;Century Casinos <sup>[3](#c003_v1)</sup> | 960557 | 1335174 |
| &nbsp;&nbsp;&nbsp;First Watch Restaurant Group <sup>[3](#c003_v1)</sup> | 184801 | 1936715 |
| &nbsp;&nbsp;&nbsp;Lindblad Expeditions Holdings <sup>[3](#c003_v1)</sup> | 430719 | 7451439 |
| &nbsp;&nbsp;&nbsp;Target Hospitality <sup>[3](#c003_v1)</sup> | 331829 | 3079373 |
|  |  | 13802701 |
| Household Durables - 0.9% |  |  |
| &nbsp;&nbsp;&nbsp;Legacy Housing <sup>[2](#c002_v1)</sup><sup>,</sup><sup>[3](#c003_v1)</sup> | 194097 | 3965402 |
| &nbsp;&nbsp;&nbsp;LGI Homes <sup>[3](#c003_v1)</sup> | 58330 | 2305785 |
|  |  | 6271187 |
| Leisure Products - 1.5% |  |  |
| &nbsp;&nbsp;&nbsp;American Outdoor Brands <sup>[3](#c003_v1)</sup> | 567726 | 5302561 |
| &nbsp;&nbsp;&nbsp;MasterCraft Boat Holdings <sup>[3](#c003_v1)</sup> | 236509 | 4850799 |
|  |  | 10153360 |
| Specialty Retail - 2.6% |  |  |
| &nbsp;&nbsp;&nbsp;Bed Bath & Beyond <sup>[3](#c003_v1)</sup> | 435651 | 2021421 |
| &nbsp;&nbsp;&nbsp;Citi Trends <sup>[1](#c001_v1)</sup><sup>,</sup><sup>[2](#c002_v1)</sup><sup>,</sup><sup>[3](#c003_v1)</sup> | 150648 | 6526071 |
| &nbsp;&nbsp;&nbsp;J.Jill | 169879 | 1946813 |
| &nbsp;&nbsp;&nbsp;OneWater Marine Cl. A <sup>[3](#c003_v1)</sup> | 335050 | 3166222 |
| &nbsp;&nbsp;&nbsp;RealReal <sup>[3](#c003_v1)</sup> | 353585 | 3210552 |
| &nbsp;&nbsp;&nbsp;Shoe Carnival | 51586 | 804226 |
|  |  | 17675305 |
| Textiles, Apparel & Luxury Goods - 0.4% |  |  |
| &nbsp;&nbsp;&nbsp;Lakeland Industries <sup>[3](#c003_v1)</sup> | 215140 | 1761997 |
| &nbsp;&nbsp;&nbsp;Vera Bradley <sup>[3](#c003_v1)</sup> | 369944 | 1169023 |
|  |  | 2931020 |
| **Total** |  | 73344230 |
| **Consumer Staples – 0.1%** |  |  |
| Food Products - 0.1% |  |  |
| &nbsp;&nbsp;&nbsp;Seneca Foods Cl. A <sup>[2](#c002_v1)</sup><sup>,</sup><sup>[3](#c003_v1)</sup> | 6651 | 1005099 |
| **Total** |  | 1005099 |
| **Energy – 4.5%** |  |  |
| Energy Equipment & Services - 2.8% |  |  |
| &nbsp;&nbsp;&nbsp;Natural Gas Services Group | 147939 | 5583218 |
| &nbsp;&nbsp;&nbsp;Pason Systems | 503586 | 4792954 |
| &nbsp;&nbsp;&nbsp;Ranger Energy Services Cl. A | 187189 | 3208420 |
| &nbsp;&nbsp;&nbsp;Select Water Solutions Cl. A | 381368 | 5834930 |
|  |  | 19419522 |
| Oil, Gas & Consumable Fuels - 1.7% |  |  |
| &nbsp;&nbsp;&nbsp;Dorchester Minerals L.P. <sup>[2](#c002_v1)</sup> | 59481 | 1611935 |
| &nbsp;&nbsp;&nbsp;Navigator Holdings | 142581 | 2756091 |
| &nbsp;&nbsp;&nbsp;Riley Exploration Permian <sup>[2](#c002_v1)</sup> | 99629 | 3631477 |
| &nbsp;&nbsp;&nbsp;SandRidge Energy | 226299 | 3690936 |
|  |  | 11690439 |
| **Total** |  | 31109961 |
| **Financials – 14.0%** |  |  |
| Banks - 6.3% |  |  |
| &nbsp;&nbsp;&nbsp;BayCom Corp. <sup>[2](#c002_v1)</sup> | 157358 | 4677466 |
| &nbsp;&nbsp;&nbsp;Chain Bridge Bancorp Cl. A <sup>[2](#c002_v1)</sup><sup>,</sup><sup>[3](#c003_v1)</sup> | 118847 | 4147760 |
| &nbsp;&nbsp;&nbsp;Coastal Financial <sup>[2](#c002_v1)</sup><sup>,</sup><sup>[3](#c003_v1)</sup> | 34487 | 2624461 |
| &nbsp;&nbsp;&nbsp;Esquire Financial Holdings | 38133 | 4099297 |
| &nbsp;&nbsp;&nbsp;First National Bank Alaska <sup>[4](#c004_v1)</sup> | 2212 | 655858 |
| &nbsp;&nbsp;&nbsp;HBT Financial <sup>[2](#c002_v1)</sup> | 146887 | 3924821 |
| &nbsp;&nbsp;&nbsp;Hingham Institution for Savings <sup>[2](#c002_v1)</sup> | 14980 | 4281883 |
| &nbsp;&nbsp;&nbsp;HomeTrust Bancshares <sup>[2](#c002_v1)</sup> | 87260 | 3721639 |
| &nbsp;&nbsp;&nbsp;Investar Holding | 110540 | 3014426 |
| &nbsp;&nbsp;&nbsp;Midway Investments <sup>[3](#c003_v1)</sup><sup>,</sup><sup>[5](#c005_v1)</sup> | 735647 | 0 |
| &nbsp;&nbsp;&nbsp;Northeast Bank <sup>[2](#c002_v1)</sup> | 45210 | 5080248 |
| &nbsp;&nbsp;&nbsp;Unity Bancorp <sup>[1](#c001_v1)</sup><sup>,</sup><sup>[2](#c002_v1)</sup> | 31688 | 1642389 |
| &nbsp;&nbsp;&nbsp;Virginia National Bankshares | 26718 | 1020628 |
| &nbsp;&nbsp;&nbsp;Western New England Bancorp | 352810 | 4561833 |
|  |  | 43452709 |
| Capital Markets - 5.5% |  |  |
| &nbsp;&nbsp;&nbsp;Canaccord Genuity Group | 626671 | 5365288 |
| &nbsp;&nbsp;&nbsp;Oppenheimer Holdings Cl. A <sup>[2](#c002_v1)</sup> | 75967 | 6775497 |
| &nbsp;&nbsp;&nbsp;OTC Markets Group <sup>[4](#c004_v1)</sup> | 63527 | 3366931 |
| &nbsp;&nbsp;&nbsp;Perella Weinberg Partners Cl. A | 140676 | 2554676 |
| &nbsp;&nbsp;&nbsp;Silvercrest Asset Management Group Cl. A | 212101 | 2850637 |
| &nbsp;&nbsp;&nbsp;Sprott | 75018 | 10705610 |
| &nbsp;&nbsp;&nbsp;Tel Aviv Stock Exchange <sup>[4](#c004_v1)</sup> | 118000 | 5224870 |
| &nbsp;&nbsp;&nbsp;Westaim Corporation (The) <sup>[3](#c003_v1)</sup> | 36233 | 619902 |
|  |  | 37463411 |
| Consumer Finance - 1.3% |  |  |
| &nbsp;&nbsp;&nbsp;EZCORP Cl. A <sup>[3](#c003_v1)</sup> | 358823 | 9106928 |
| Insurance - 0.9% |  |  |
| &nbsp;&nbsp;&nbsp;International General Insurance Holdings <sup>[2](#c002_v1)</sup> | 250804 | 6075727 |
| **Total** |  | 96098775 |
| **Health Care – 12.2%** |  |  |
| Biotechnology - 1.8% |  |  |
| &nbsp;&nbsp;&nbsp;Absci Corporation <sup>[3](#c003_v1)</sup> | 448049 | 1344147 |
| &nbsp;&nbsp;&nbsp;BridgeBio Oncology Therapeutics <sup>[3](#c003_v1)</sup> | 147991 | 1324520 |
| &nbsp;&nbsp;&nbsp;CareDx <sup>[3](#c003_v1)</sup> | 233363 | 4051182 |
| &nbsp;&nbsp;&nbsp;Compass Therapeutics <sup>[3](#c003_v1)</sup> | 334649 | 1770293 |
| &nbsp;&nbsp;&nbsp;ORIC Pharmaceuticals <sup>[3](#c003_v1)</sup> | 328432 | 4161233 |
|  |  | 12651375 |
| Health Care Equipment & Supplies - 3.6% |  |  |
| &nbsp;&nbsp;&nbsp;Acme United <sup>[2](#c002_v1)</sup> | 66045 | 2966081 |
| &nbsp;&nbsp;&nbsp;AngioDynamics <sup>[3](#c003_v1)</sup> | 176913 | 2011501 |
| &nbsp;&nbsp;&nbsp;Apyx Medical <sup>[3](#c003_v1)</sup> | 663269 | 2447463 |
| &nbsp;&nbsp;&nbsp;Artivion <sup>[1](#c001_v1)</sup><sup>,</sup><sup>[2](#c002_v1)</sup><sup>,</sup><sup>[3](#c003_v1)</sup> | 133326 | 4882398 |
| &nbsp;&nbsp;&nbsp;Delcath Systems <sup>[3](#c003_v1)</sup> | 119540 | 1109331 |
| &nbsp;&nbsp;&nbsp;Establishment Labs Holdings <sup>[2](#c002_v1)</sup><sup>,</sup><sup>[3](#c003_v1)</sup> | 117034 | 6645191 |
| &nbsp;&nbsp;&nbsp;Profound Medical <sup>[3](#c003_v1)</sup> | 691021 | 4421024 |
|  |  | 24482989 |
| Health Care Providers & Services - 1.5% |  |  |
| &nbsp;&nbsp;&nbsp;AMN Healthcare Services <sup>[2](#c002_v1)</sup><sup>,</sup><sup>[3](#c003_v1)</sup> | 292439 | 5363331 |
| &nbsp;&nbsp;&nbsp;Cross Country Healthcare <sup>[3](#c003_v1)</sup> | 338213 | 3179202 |
| &nbsp;&nbsp;&nbsp;GeneDx Holdings Cl. A <sup>[2](#c002_v1)</sup><sup>,</sup><sup>[3](#c003_v1)</sup> | 31567 | 2027233 |
|  |  | 10569766 |
| Health Care Technology - 1.2% |  |  |
| &nbsp;&nbsp;&nbsp;Certara <sup>[3](#c003_v1)</sup> | 469905 | 2678459 |
| &nbsp;&nbsp;&nbsp;Simulations Plus <sup>[2](#c002_v1)</sup><sup>,</sup><sup>[3](#c003_v1)</sup> | 259776 | 3070552 |
| &nbsp;&nbsp;&nbsp;SOPHiA GENETICS <sup>[3](#c003_v1)</sup> | 370258 | 1832777 |
| &nbsp;&nbsp;&nbsp;Veradigm <sup>[3](#c003_v1)</sup><sup>,</sup><sup>[4](#c004_v1)</sup> | 92794 | 431492 |
|  |  | 8013280 |
| Life Sciences Tools & Services - 3.6% |  |  |
| &nbsp;&nbsp;&nbsp;Alpha Teknova <sup>[3](#c003_v1)</sup> | 662044 | 1913307 |
| &nbsp;&nbsp;&nbsp;Azenta <sup>[3](#c003_v1)</sup> | 166827 | 3525054 |
| &nbsp;&nbsp;&nbsp;BioLife Solutions <sup>[2](#c002_v1)</sup><sup>,</sup><sup>[3](#c003_v1)</sup> | 225832 | 4308875 |
| &nbsp;&nbsp;&nbsp;Cytek Biosciences <sup>[3](#c003_v1)</sup> | 999296 | 4366924 |
| &nbsp;&nbsp;&nbsp;Maravai LifeSciences Holdings Cl. A <sup>[3](#c003_v1)</sup> | 1137227 | 3218352 |
| &nbsp;&nbsp;&nbsp;Mesa Laboratories <sup>[2](#c002_v1)</sup> | 66896 | 5914944 |
| &nbsp;&nbsp;&nbsp;Standard BioTools <sup>[3](#c003_v1)</sup> | 1867129 | 1716452 |
|  |  | 24963908 |
| Pharmaceuticals - 0.5% |  |  |
| &nbsp;&nbsp;&nbsp;Esperion Therapeutics <sup>[3](#c003_v1)</sup> | 1124331 | 3080667 |
| **Total** |  | 83761985 |
| **Industrials – 28.3%** |  |  |
| Aerospace & Defense - 2.9% |  |  |
| &nbsp;&nbsp;&nbsp;Astronics Corporation <sup>[2](#c002_v1)</sup><sup>,</sup><sup>[3](#c003_v1)</sup> | 85983 | 5737645 |
| &nbsp;&nbsp;&nbsp;CPI Aerostructures <sup>[3](#c003_v1)</sup> | 203940 | 799445 |
| &nbsp;&nbsp;&nbsp;Park Aerospace | 289845 | 7935956 |
| &nbsp;&nbsp;&nbsp;VSE Corporation <sup>[2](#c002_v1)</sup> | 28449 | 5245996 |
|  |  | 19719042 |
| Air Freight & Logistics - 1.0% |  |  |
| &nbsp;&nbsp;&nbsp;Forward Air <sup>[3](#c003_v1)</sup> | 181144 | 3026916 |
| &nbsp;&nbsp;&nbsp;Radiant Logistics <sup>[3](#c003_v1)</sup> | 570210 | 4019981 |
|  |  | 7046897 |
| Building Products - 0.8% |  |  |
| &nbsp;&nbsp;&nbsp;Janus International Group <sup>[3](#c003_v1)</sup> | 459251 | 2365143 |
| &nbsp;&nbsp;&nbsp;Quanex Building Products | 175289 | 3149943 |
|  |  | 5515086 |
| Commercial Services & Supplies - 1.7% |  |  |
| &nbsp;&nbsp;&nbsp;ACV Auctions Cl. A <sup>[3](#c003_v1)</sup> | 290697 | 1232555 |
| &nbsp;&nbsp;&nbsp;Liquidity Services <sup>[2](#c002_v1)</sup><sup>,</sup><sup>[3](#c003_v1)</sup> | 185883 | 5682443 |
| &nbsp;&nbsp;&nbsp;Montrose Environmental Group <sup>[3](#c003_v1)</sup> | 232840 | 5096868 |
|  |  | 12011866 |
| Construction & Engineering - 5.3% |  |  |
| &nbsp;&nbsp;&nbsp;Ameresco Cl. A <sup>[3](#c003_v1)</sup> | 192211 | 4901381 |
| &nbsp;&nbsp;&nbsp;Argan <sup>[2](#c002_v1)</sup> | 18832 | 10256849 |
| &nbsp;&nbsp;&nbsp;Bowman Consulting Group <sup>[3](#c003_v1)</sup> | 115726 | 3291247 |
| &nbsp;&nbsp;&nbsp;Concrete Pumping Holdings <sup>[3](#c003_v1)</sup> | 432041 | 3084773 |
| &nbsp;&nbsp;&nbsp;Limbach Holdings <sup>[1](#c001_v1)</sup><sup>,</sup><sup>[2](#c002_v1)</sup><sup>,</sup><sup>[3](#c003_v1)</sup> | 73022 | 5699367 |
| &nbsp;&nbsp;&nbsp;NWPX Infrastructure <sup>[2](#c002_v1)</sup><sup>,</sup><sup>[3](#c003_v1)</sup> | 116600 | 9078476 |
|  |  | 36312093 |
| Electrical Equipment - 3.3% |  |  |
| &nbsp;&nbsp;&nbsp;American Superconductor <sup>[1](#c001_v1)</sup><sup>,</sup><sup>[2](#c002_v1)</sup><sup>,</sup><sup>[3](#c003_v1)</sup> | 84114 | 2847259 |
| &nbsp;&nbsp;&nbsp;Hammond Power Solutions Cl. A | 38667 | 4874582 |
| &nbsp;&nbsp;&nbsp;LSI Industries | 286946 | 5337196 |
| &nbsp;&nbsp;&nbsp;Powell Industries <sup>[2](#c002_v1)</sup> | 9033 | 4887576 |
| &nbsp;&nbsp;&nbsp;Preformed Line Products <sup>[2](#c002_v1)</sup> | 18087 | 4897055 |
|  |  | 22843668 |
| Ground Transportation - 1.2% |  |  |
| &nbsp;&nbsp;&nbsp;Covenant Logistics Group Cl. A | 209761 | 5695011 |
| &nbsp;&nbsp;&nbsp;Marten Transport | 198021 | 2600016 |
|  |  | 8295027 |
| Machinery - 5.6% |  |  |
| &nbsp;&nbsp;&nbsp;Aebi Schmidt Holding | 209008 | 2029468 |
| &nbsp;&nbsp;&nbsp;CECO Environmental <sup>[3](#c003_v1)</sup> | 130067 | 7749392 |
| &nbsp;&nbsp;&nbsp;Energy Recovery <sup>[3](#c003_v1)</sup> | 306085 | 3082276 |
| &nbsp;&nbsp;&nbsp;Graham Corporation <sup>[1](#c001_v1)</sup><sup>,</sup><sup>[2](#c002_v1)</sup><sup>,</sup><sup>[3](#c003_v1)</sup> | 106971 | 8442151 |
| &nbsp;&nbsp;&nbsp;Lindsay Corporation <sup>[2](#c002_v1)</sup> | 43950 | 5233126 |
| &nbsp;&nbsp;&nbsp;Luxfer Holdings | 464828 | 5661605 |
| &nbsp;&nbsp;&nbsp;Perma-Pipe International Holdings <sup>[3](#c003_v1)</sup> | 81001 | 2414640 |
| &nbsp;&nbsp;&nbsp;Titan International <sup>[3](#c003_v1)</sup> | 314601 | 2173893 |
| &nbsp;&nbsp;&nbsp;Wabash National | 103501 | 892179 |
| &nbsp;&nbsp;&nbsp;Westport Fuel Systems <sup>[3](#c003_v1)</sup> | 304843 | 554814 |
|  |  | 38233544 |
| Marine Transportation - 0.4% |  |  |
| &nbsp;&nbsp;&nbsp;Clarkson <sup>[4](#c004_v1)</sup> | 45755 | 2807054 |
| Professional Services - 1.5% |  |  |
| &nbsp;&nbsp;&nbsp;Alight Cl. A <sup>[3](#c003_v1)</sup> | 514732 | 299934 |
| &nbsp;&nbsp;&nbsp;Asure Software <sup>[3](#c003_v1)</sup> | 284668 | 2448145 |
| &nbsp;&nbsp;&nbsp;Kforce | 102896 | 3008679 |
| &nbsp;&nbsp;&nbsp;Mistras Group <sup>[3](#c003_v1)</sup> | 187419 | 2770053 |
| &nbsp;&nbsp;&nbsp;TrueBlue <sup>[3](#c003_v1)</sup> | 527787 | 2063647 |
|  |  | 10590458 |
| Trading Companies & Distributors - 4.6% |  |  |
| &nbsp;&nbsp;&nbsp;Alta Equipment Group <sup>[3](#c003_v1)</sup> | 341605 | 1834419 |
| &nbsp;&nbsp;&nbsp;Distribution Solutions Group <sup>[2](#c002_v1)</sup><sup>,</sup><sup>[3](#c003_v1)</sup> | 126034 | 3307132 |
| &nbsp;&nbsp;&nbsp;EVI Industries | 247477 | 5093077 |
| &nbsp;&nbsp;&nbsp;NPK International <sup>[3](#c003_v1)</sup> | 624842 | 9053961 |
| &nbsp;&nbsp;&nbsp;Titan Machinery <sup>[3](#c003_v1)</sup> | 291484 | 4873612 |
| &nbsp;&nbsp;&nbsp;Transcat <sup>[2](#c002_v1)</sup><sup>,</sup><sup>[3](#c003_v1)</sup> | 100643 | 7392228 |
|  |  | 31554429 |
| **Total** |  | 194929164 |
| **Information Technology – 21.9%** |  |  |
| Communications Equipment - 4.5% |  |  |
| &nbsp;&nbsp;&nbsp;ADTRAN Holdings <sup>[3](#c003_v1)</sup> | 720128 | 9059210 |
| &nbsp;&nbsp;&nbsp;Applied Optoelectronics <sup>[3](#c003_v1)</sup> | 69427 | 5872830 |
| &nbsp;&nbsp;&nbsp;Clearfield <sup>[2](#c002_v1)</sup><sup>,</sup><sup>[3](#c003_v1)</sup> | 160175 | 4239832 |
| &nbsp;&nbsp;&nbsp;Digi International <sup>[1](#c001_v1)</sup><sup>,</sup><sup>[2](#c002_v1)</sup><sup>,</sup><sup>[3](#c003_v1)</sup> | 138000 | 6651600 |
| &nbsp;&nbsp;&nbsp;NETGEAR <sup>[3](#c003_v1)</sup> | 142830 | 3119407 |
| &nbsp;&nbsp;&nbsp;Ribbon Communications <sup>[3](#c003_v1)</sup> | 916553 | 1943093 |
|  |  | 30885972 |
| Electronic Equipment, Instruments & Components - 7.1% |  |  |
| &nbsp;&nbsp;&nbsp;Arlo Technologies <sup>[3](#c003_v1)</sup> | 117109 | 1666461 |
| &nbsp;&nbsp;&nbsp;Bel Fuse Cl. B <sup>[2](#c002_v1)</sup> | 46061 | 9119157 |
| &nbsp;&nbsp;&nbsp;Climb Global Solutions <sup>[2](#c002_v1)</sup><sup>,</sup><sup>[3](#c003_v1)</sup> | 180512 | 3577748 |
| &nbsp;&nbsp;&nbsp;Kraken Robotics <sup>[3](#c003_v1)</sup> | 371908 | 2138785 |
| &nbsp;&nbsp;&nbsp;LightPath Technologies Cl. A <sup>[3](#c003_v1)</sup> | 607909 | 6097327 |
| &nbsp;&nbsp;&nbsp;Luna Innovations <sup>[3](#c003_v1)</sup><sup>,</sup><sup>[4](#c004_v1)</sup> | 230218 | 230218 |
| &nbsp;&nbsp;&nbsp;M-tron Industries <sup>[3](#c003_v1)</sup> | 4632 | 309649 |
| &nbsp;&nbsp;&nbsp;nLIGHT <sup>[3](#c003_v1)</sup> | 136784 | 7799424 |
| &nbsp;&nbsp;&nbsp;Powerfleet <sup>[3](#c003_v1)</sup> | 1352591 | 4165980 |
| &nbsp;&nbsp;&nbsp;Richardson Electronics | 613885 | 6722041 |
| &nbsp;&nbsp;&nbsp;SmartRent Cl. A <sup>[3](#c003_v1)</sup> | 394318 | 591477 |
| &nbsp;&nbsp;&nbsp;Vishay Precision Group <sup>[2](#c002_v1)</sup><sup>,</sup><sup>[3](#c003_v1)</sup> | 152272 | 6611650 |
|  |  | 49029917 |
| Semiconductors & Semiconductor Equipment - 9.2% |  |  |
| &nbsp;&nbsp;&nbsp;Alpha and Omega Semiconductor <sup>[3](#c003_v1)</sup> | 100741 | 2232420 |
| &nbsp;&nbsp;&nbsp;Camtek <sup>[1](#c001_v1)</sup><sup>,</sup><sup>[2](#c002_v1)</sup><sup>,</sup><sup>[3](#c003_v1)</sup> | 61275 | 9289903 |
| &nbsp;&nbsp;&nbsp;Cohu <sup>[3](#c003_v1)</sup> | 297071 | 9096314 |
| &nbsp;&nbsp;&nbsp;Ichor Holdings <sup>[2](#c002_v1)</sup><sup>,</sup><sup>[3](#c003_v1)</sup> | 220889 | 10295636 |
| &nbsp;&nbsp;&nbsp;inTEST Corporation <sup>[3](#c003_v1)</sup> | 313295 | 4276477 |
| &nbsp;&nbsp;&nbsp;Kopin Corporation <sup>[3](#c003_v1)</sup> | 1320000 | 2970000 |
| &nbsp;&nbsp;&nbsp;Nova <sup>[2](#c002_v1)</sup><sup>,</sup><sup>[3](#c003_v1)</sup> | 15341 | 6662289 |
| &nbsp;&nbsp;&nbsp;Onto Innovation <sup>[2](#c002_v1)</sup><sup>,</sup><sup>[3](#c003_v1)</sup> | 26766 | 5488904 |
| &nbsp;&nbsp;&nbsp;Penguin Solutions <sup>[3](#c003_v1)</sup> | 131153 | 2308293 |
| &nbsp;&nbsp;&nbsp;Ultra Clean Holdings <sup>[3](#c003_v1)</sup> | 169207 | 10521291 |
|  |  | 63141527 |
| Software - 1.0% |  |  |
| &nbsp;&nbsp;&nbsp;Alkami Technology <sup>[2](#c002_v1)</sup><sup>,</sup><sup>[3](#c003_v1)</sup> | 100156 | 1569444 |
| &nbsp;&nbsp;&nbsp;Computer Modelling Group | 218463 | 672146 |
| &nbsp;&nbsp;&nbsp;PagerDuty <sup>[3](#c003_v1)</sup> | 305303 | 1895932 |
| &nbsp;&nbsp;&nbsp;PAR Technology <sup>[2](#c002_v1)</sup><sup>,</sup><sup>[3](#c003_v1)</sup> | 191422 | 2551655 |
|  |  | 6689177 |
| Technology Hardware, Storage & Peripherals - 0.1% |  |  |
| &nbsp;&nbsp;&nbsp;AstroNova <sup>[3](#c003_v1)</sup> | 83803 | 770150 |
| **Total** |  | 150516743 |
| **Materials – 6.9%** |  |  |
| Chemicals - 2.7% |  |  |
| &nbsp;&nbsp;&nbsp;Core Molding Technologies <sup>[3](#c003_v1)</sup> | 153560 | 3439744 |
| &nbsp;&nbsp;&nbsp;5N Plus <sup>[3](#c003_v1)</sup> | 543004 | 12366017 |
| &nbsp;&nbsp;&nbsp;LSB Industries <sup>[3](#c003_v1)</sup> | 175601 | 2616455 |
|  |  | 18422216 |
| Metals & Mining - 4.2% |  |  |
| &nbsp;&nbsp;&nbsp;Alamos Gold Cl. A | 151044 | 6719944 |
| &nbsp;&nbsp;&nbsp;Alphamin Resources | 1267682 | 1047972 |
| &nbsp;&nbsp;&nbsp;Altius Minerals | 171100 | 6018204 |
| &nbsp;&nbsp;&nbsp;Ferroglobe | 648310 | 2671037 |
| &nbsp;&nbsp;&nbsp;Major Drilling Group International <sup>[3](#c003_v1)</sup> | 739818 | 8519793 |
| &nbsp;&nbsp;&nbsp;Royal Gold | 15718 | 4000074 |
|  |  | 28977024 |
| **Total** |  | 47399240 |
| **Real Estate – 0.7%** |  |  |
| Real Estate Management & Development - 0.7% |  |  |
| &nbsp;&nbsp;&nbsp;Altus Group | 73400 | 2519481 |
| &nbsp;&nbsp;&nbsp;Marcus & Millichap <sup>[2](#c002_v1)</sup> | 81860 | 2176657 |
| **Total** |  | 4696138 |
| **TOTAL COMMON STOCKS** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $499,828,505) |  | 698413102 |
| **INVESTMENT COMPANIES – 0.9%** |  |  |
| **Financials – 0.9%** |  |  |
| Capital Markets - 0.9% |  |  |
| &nbsp;&nbsp;&nbsp;ASA Gold and Precious Metals <sup>[2](#c002_v1)</sup> | 105887 | 6568171 |
| &nbsp;&nbsp;&nbsp;(Cost $1,468,724) |  | 6568171 |
| **INVESTMENTS AT VALUE** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $501,297,229) |  | 704981273 |
| **REPURCHASE AGREEMENT – 0.7%** |  |  |
| Fixed Income Clearing Corporation, <br> 3.00% dated 3/31/26, due 4/1/26, <br> maturity value $4,686,060 (collateralized <br> by obligations of U.S. Government <br> Agencies, 3.625% due 8/31/27, valued at $4,779,494) |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $4,685,669) |  | 4685669 |
| **TOTAL INVESTMENTS – 103.1%** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $505,982,898) |  | 709666942 |
| **LIABILITIES LESS CASH <br> AND OTHER ASSETS – (3.1)%** |  | (21449439) |
| **NET ASSETS – 100.0%** |  | $**688217503** |

---

<sup>1</sup> As of March 31, 2026, a portion of these securities, in the aggregate amount of $12,221,293, were rehypothecated by BNP Paribas Prime Brokerage International, Limited in connection with the Fund's revolving credit agreement.

<sup>2</sup> All or a portion of these securities were pledged as collateral in connection with the Fund's revolving credit agreement as of March 31, 2026. Total market value of pledged securities as of March 31, 2026, was $41,977,426.

<sup>3</sup> Non-income producing.

<sup>4</sup> These securities are defined as Level 2 securities due to fair value being based on quoted prices for similar securities and/or due to the application of fair value factors.

<sup>5</sup> A security for which market quotations are not readily available represents 0.0% of net assets. This security has been valued at its fair value under procedures approved by the Fund's Board of Directors. This security is defined as a Level 3 security due to the use of significant unobservable inputs in the determination of fair value.

**TAX INFORMATION:** The cost of total investments for Federal income tax purposes was $507,618,399. As of March 31, 2026, net unrealized appreciation for all securities was $202,048,543, consisting of aggregate gross unrealized appreciation of $250,092,892 and aggregate gross unrealized depreciation of $48,044,349. The primary cause of the difference between book and tax basis cost is the timing of the recognition of losses on securities sold.

**Valuation of Investments:**

Royce Micro-Cap Trust, Inc. (the "Fund"), is a diversified closed-end investment company that was incorporated under the laws of the State of Maryland on September 9, 1993. The Fund commenced operations on December 14, 1993. Royce & Associates, LP, the Fund's investment adviser, is a majority-owned subsidiary of Franklin Resources, Inc. and primarily conducts business using the name Royce Investment Partners ("Royce"). Investment transactions are accounted for on the trade date. Portfolio securities held by the Fund are valued as of the close of trading on the New York Stock Exchange ("NYSE") (generally 4:00 p.m. Eastern time) on the valuation date. Investments in money market funds are valued at net asset value per share. Values for non-U.S. dollar denominated equity securities are converted to U.S. dollars daily based upon prevailing foreign currency exchange rates as quoted by a major bank.

Portfolio securities that are listed on an exchange or Nasdaq, or traded on OTC Market Group Inc.'s OTC Link ATS or other alternative trading system, are valued: (i) on the basis of their last reported sales prices or official closing prices, as applicable, on a valuation date; or (ii) at their highest reported bid prices in the event such equity securities did not trade on a valuation date. Such inputs are generally referred to as "Level 1" inputs because they represent reliable quoted prices in active markets for identical securities.

If the value of a portfolio security held by the Fund cannot be determined solely by reference to Level 1 inputs, such portfolio security will be "fair valued." The Fund's Board of Directors has designated Royce as valuation designee to perform fair value determinations for such portfolio securities in accordance with Rule 2a-5 under the Investment Company Act of 1940 ("Rule 2a-5"). Pursuant to Rule 2a-5, fair values are determined in accordance with policies and procedures approved by the Fund's Board of Directors and policies and procedures adopted by Royce in its capacity as valuation designee for the Fund. Fair valued securities are reported as either "Level 2" or "Level 3" securities.

As a general principle, the fair value of a security is the amount which the Fund might reasonably expect to receive for the security upon its current sale. However, in light of the judgment involved in fair valuations, no assurance can be given that a fair value assigned to a particular portfolio security will be the amount which the Fund might be able to receive upon its current sale. When a fair value pricing methodology is used, the fair value prices used by the Fund for such securities will likely differ from the quoted or published prices for the same securities.

Level 2 inputs are other significant observable inputs (e.g., dealer bid side quotes and quoted prices for securities with comparable characteristics). Examples of situations in which Level 2 inputs are used to fair value portfolio securities held by the Fund on a particular valuation date include:

● Over-the-counter equity securities other than those traded on OTC Market Group Inc.'s OTC Link ATS or other alternative trading system (collectively referred to herein as "Other OTC Equity Securities") are fair valued at their highest bid price when Royce receives at least two bid side quotes from dealers who make markets in such securities;

● Certain bonds and other fixed income securities may be fair valued by reference to other securities with comparable ratings, interest rates, and maturities in accordance with valuation methodologies maintained by certain independent pricing services; and

● The Fund uses an independent pricing service to fair value certain non-U.S. equity securities when U.S. market volatility exceeds a certain threshold set by Royce as valuation designee. This pricing service uses proprietary correlations it has developed between the movement of prices of non-U.S. equity securities and indices of U.S.-traded securities, futures contracts, and other indications to estimate the fair value of such non-U.S. securities.

Level 3 inputs are significant unobservable inputs. Examples of Level 3 inputs include (without limitation) the last trade price for a security before trading was suspended or terminated; discounts to last trade price for lack of marketability or otherwise; market price information regarding other securities; information received from the issuer and/or published documents, including SEC filings and financial statements; and other publicly available information. Pursuant to the above-referenced policies and procedures, Royce may use various techniques in making fair value determinations based upon Level 3 inputs, which techniques may include (without limitation): (i) workout valuation methods (e.g., earnings multiples, discounted cash flows, liquidation values, derivations of book value, firm or probable offers from qualified buyers for the issuer's ongoing business, etc.); (ii) discount or premium from market, or compilation of other observable market information, for other similar freely traded securities; (iii) conversion from the readily available market price of a security into which an affected security is convertible or exchangeable; and (iv) pricing models or other formulas.

A security that is valued by reference to Level 1 or Level 2 inputs may drop to Level 3 on a particular valuation date for several reasons, including if:

● an equity security that is listed on an exchange or Nasdaq, or traded on OTC Market Group Inc.'s OTC Link ATS or other alternative trading system, has not traded and there are no bids;

● Royce does not receive at least two bid side quotes for an Other OTC Equity Security;

● the independent pricing services are unable to supply fair value prices; or

● the Level 1 or Level 2 inputs become otherwise unreliable for any reason (e.g., a significant event occurs after the close of trading for a security but prior to the time the Fund prices its shares).

The table below shows the aggregate value of the various Level 1, Level 2, and Level 3 securities held by the Fund as of March 31, 2026. Any Level 2 or Level 3 securities held by the Fund are noted in its Schedule of Investments. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with owning those securities.

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Common Stocks | $685696679 | $12716423 | $0 | $698413102 |
| Investment Companies | 6568171 |  |  | 6568171 |
| Repurchase Agreement |  | 4685669 |  | 4685669 |

---

**Repurchase Agreements:**

The Fund may enter into repurchase agreements with institutions that the Fund's investment adviser has determined are creditworthy. The Fund restricts repurchase agreements to maturities of no more than seven days. Securities pledged as collateral for repurchase agreements, which are held until maturity of the repurchase agreements, are marked-to-market daily and maintained at a value at least equal to the principal amount of the repurchase agreement (including accrued interest). Repurchase agreements could involve certain risks in the event of default or insolvency of the counter-party, including possible delays or restrictions upon the ability of the Fund to dispose of its underlying securities. The remaining contractual maturity of the repurchase agreement held by the Fund as of March 31, 2026, is next business day and continuous.

**Borrowings:**

The Fund is party to a revolving credit agreement (the "credit agreement") with BNP Paribas Prime Brokerage International, Limited (BNPPI). The Fund pays a commitment fee of 0.50% per annum on the unused portion of the then-current maximum amount that may be borrowed by the Fund under the credit agreement. The credit agreement has a 179-day rolling term that resets daily. The Fund pledges eligible portfolio securities as collateral and has granted a security interest in such pledged securities to, and in favor of, BNPPI as security for the loan balance outstanding. The amount of eligible portfolio securities required to be pledged as collateral is determined by BNPPI in accordance with the credit agreement. In determining collateral requirements, the value of eligible securities pledged as collateral is subject to discount by BNPPI based upon a variety of factors set forth in the credit agreement. As of March 31, 2026, the market value of eligible securities pledged as collateral exceeded two times the loan balance outstanding.

If the Fund fails to meet certain requirements, or comply with other financial covenants set forth in the credit agreement, the Fund may be required to repay immediately, in part or in full, the loan balance outstanding under the credit agreement, which may necessitate the sale of portfolio securities at potentially inopportune times. BNPPI may terminate the credit agreement upon certain ratings downgrades of its corporate parent, which would result in the Fund's entire loan balance becoming immediately due and payable. The occurrence of such ratings downgrades may necessitate the sale of portfolio securities at potentially inopportune times. BNPPI may also terminate the credit agreement upon sixty (60) calendar days' prior written notice to the Fund in the event the Fund's net asset value per share as of the close of business on the last business day of any calendar month declines by thirty-five percent (35%) or more from the Fund's net asset value per share as of the close of business on the last business day of the immediately preceding calendar month.

The credit agreement also permits, subject to certain conditions, BNPPI to rehypothecate portfolio securities pledged by the Fund up to the amount of the loan balance outstanding. The Fund continues to receive payments in lieu of dividends and interest on rehypothecated securities. The Fund also has the right under the credit agreement to recall the rehypothecated securities from BNPPI on demand. If BNPPI fails to deliver the recalled security in a timely manner, the Fund is compensated by BNPPI for any fees or losses related to the failed delivery or, in the event a recalled security is not returned by BNPPI, the Fund, upon notice to BNPPI, may reduce the loan balance outstanding by the value of the recalled security failed to be returned. The Fund receives a portion of the fees earned by BNPPI in connection with the rehypothecation of portfolio securities.

As of March 31, 2026, the Fund had outstanding borrowings of $20,000,000 under the credit agreement. The Fund has the right to reduce the maximum amount it can borrow under the credit agreement upon one (1) business day's prior written notice to BNPPI. In addition, the Fund and BNPPI may agree to increase the maximum amount the Fund can borrow under the credit agreement, which amount may not exceed $60,000,000. During the three-month period ended March 31, 2026, the Fund had an average daily loan balance of $20,000,000. As of March 31, 2026, the aggregate value of rehypothecated securities was $12,221,293. As of April 17, 2026, the Fund had increased its outstanding borrowings under the credit agreement to $30,000,000.

Other information regarding the Fund is available in the Fund's most recent Report to Stockholders. This information is available through Royce Investment Partners (www.royceinvest.com) and on the Securities and Exchange Commission's website (www.sec.gov).

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** ROYCE MICRO-CAP TRUST, INC.

- **b. Investment Company Act file number:** 811-08030

- **c. CIK number of Registrant:** 0000912147

- **d. LEI of Registrant:** 254900D3WFIV4SD8EF19

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

  - **Street Address 1:** ONE MADISON AVENUE

  - **City:** NEW YORK

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10010

  - **Telephone number:** 212-508-4500

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

- **a. Name of Series:** ROYCE MICRO-CAP TRUST, INC.

- **c. LEI of Series:** 254900D3WFIV4SD8EF19

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

- **a. Date of fiscal year-end:** 2026-12-31

- **b. Date as of which information is reported:** 2026-03-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $709140778.35

**Total Liabilities:** $20910097.04

**Net Assets:** $688230681.31

**Cash Not Reported:** $40001.61

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 9.50%                | 7.05%                | -5.93%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $12401938.64             | $47208509.22                               |
| Month 2  | $9586336.05              | $40004692.57                               |
| Month 3  | $14096607.94             | $-58879245.58                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Absci Corp                                   | Absci Corp                                   | CUSIP: 00091E109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    448049 | NS      | $1344147.00   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| ACV Auctions Inc                             | ACV Auctions Inc                             | CUSIP: 00091G104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    290697 | NS      | $1232555.28   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| AMN Healthcare Services Inc                  | AMN Healthcare Services Inc                  | CUSIP: 001744101<br>LEI: 529900W3ARRTCNFH2I39 | Long             | EC               | CORP              | US        |    292439 | NS      | $5363331.26   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Acme United Corp                             | Acme United Corp                             | CUSIP: 004816104<br>LEI: 549300NVT8NN13WP8M83 | Long             | EC               | CORP              | US        |     66045 | NS      | $2966080.95   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| ADTRAN Holdings Inc                          | ADTRAN Holdings Inc                          | CUSIP: 00486H105<br>LEI: 549300VV36J86CRRWF77 | Long             | EC               | CORP              | US        |    720128 | NS      | $9059210.24   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Alamos Gold Inc                              | Alamos Gold Inc                              | CUSIP: 011532108<br>LEI: 894500GIHFJZW7YS9660 | Long             | EC               | CORP              | CA        |    151044 | NS      | $6719943.33   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Alight Inc                                   | Alight Inc                                   | CUSIP: 01626W101<br>LEI: 549300600ESCO1HTVN74 | Long             | EC               | CORP              | US        |    514732 | NS      | $299934.34    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Alkami Technology Inc                        | Alkami Technology Inc                        | CUSIP: 01644J108<br>LEI: 254900FCNYU4HNEV9L47 | Long             | EC               | CORP              | US        |    100156 | NS      | $1569444.52   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Veradigm Inc                                 | Veradigm Inc                                 | CUSIP: 01988P108<br>LEI: Y68YJHVB1GU4TAU3C223 | Long             | EC               | CORP              | US        |     61917 | NS      | $287914.05    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Clarkson PLC                                 | Clarkson PLC                                 | CUSIP: 000000000<br>LEI: 2138007G6BGTEHI3OT22 | Long             | EC               | CORP              | GB        |     48843 | NS      | $2996502.13   | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Alpha Teknova Inc                            | Alpha Teknova Inc                            | CUSIP: 02080L102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    662044 | NS      | $1913307.16   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Altius Minerals Corp                         | Altius Minerals Corp                         | CUSIP: 020936100<br>LEI: 54930083UJGDUCMJMU61 | Long             | EC               | CORP              | CA        |    171100 | NS      | $6018203.58   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Alta Equipment Group Inc                     | Alta Equipment Group Inc                     | CUSIP: 02128L106<br>LEI: 549300DGOB28CLGS1X27 | Long             | EC               | CORP              | US        |    341605 | NS      | $1834418.85   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Altus Group Ltd/Canada                       | Altus Group Ltd/Canada                       | CUSIP: 02215R107<br>LEI: 54930041VO1EIY4IV355 | Long             | EC               | CORP              | CA        |     73400 | NS      | $2519480.99   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameresco Inc                                 | Ameresco Inc                                 | CUSIP: 02361E108<br>LEI: 529900NZXZGBCBXYY327 | Long             | EC               | CORP              | US        |    192211 | NS      | $4901380.50   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| American Outdoor Brands Inc                  | American Outdoor Brands Inc                  | CUSIP: 02875D109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    567726 | NS      | $5302560.84   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| American Superconductor Corp                 | American Superconductor Corp                 | CUSIP: 030111207<br>LEI: 549300S9YT8Z8LOK4452 | Long             | EC               | CORP              | US        |     84114 | NS      | $2847258.90   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| AngioDynamics Inc                            | AngioDynamics Inc                            | CUSIP: 03475V101<br>LEI: 549300W3VKC5ZKMO8C28 | Long             | EC               | CORP              | US        |    176913 | NS      | $2011500.81   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Optoelectronics Inc                  | Applied Optoelectronics Inc                  | CUSIP: 03823U102<br>LEI: 529900I8U6Q5SYDNLT48 | Long             | EC               | CORP              | US        |     69427 | NS      | $5872829.93   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Apyx Medical Corp                            | Apyx Medical Corp                            | CUSIP: 03837C106<br>LEI: 5299009QZVYUYO082S45 | Long             | EC               | CORP              | US        |    663269 | NS      | $2447462.61   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Argan Inc                                    | Argan Inc                                    | CUSIP: 04010E109<br>LEI: 529900E4KZWBV9KGBS83 | Long             | EC               | CORP              | US        |     18832 | NS      | $10256848.80  | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Arlo Technologies Inc                        | Arlo Technologies Inc                        | CUSIP: 04206A101<br>LEI: 549300T4EUX2OQ75HV52 | Long             | EC               | CORP              | US        |    117109 | NS      | $1666461.07   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| AstroNova Inc                                | AstroNova Inc                                | CUSIP: 04638F108<br>LEI: 549300D8PFP62QX00223 | Long             | EC               | CORP              | US        |     87927 | NS      | $808049.13    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Astronics Corp                               | Astronics Corp                               | CUSIP: 046433108<br>LEI: 549300NNXCF8H4MSMK17 | Long             | EC               | CORP              | US        |     85983 | NS      | $5737645.59   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Asure Software Inc                           | Asure Software Inc                           | CUSIP: 04649U102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    284668 | NS      | $2448144.80   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| BayCom Corp                                  | BayCom Corp                                  | CUSIP: 07272M107<br>LEI: 549300UOLS54Q5ONIG33 | Long             | EC               | CORP              | US        |    157358 | NS      | $4677466.55   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Bel Fuse Inc                                 | Bel Fuse Inc                                 | CUSIP: 077347300<br>LEI: 2549009L4XYDBRRY6X39 | Long             | EC               | CORP              | US        |     46061 | NS      | $9119156.78   | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| BioLife Solutions Inc                        | BioLife Solutions Inc                        | CUSIP: 09062W204<br>LEI: 549300G2IVCMC2TJDW72 | Long             | EC               | CORP              | US        |    225832 | NS      | $4308874.56   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Bowman Consulting Group Ltd                  | Bowman Consulting Group Ltd                  | CUSIP: 103002101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    115726 | NS      | $3291247.44   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| BridgeBio Oncology Therapeutics Inc          | BridgeBio Oncology Therapeutics Inc          | CUSIP: 107924102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    147991 | NS      | $1324519.45   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Azenta Inc                                   | Azenta Inc                                   | CUSIP: 114340102<br>LEI: 35ZN6X1ANPH25YN32Y17 | Long             | EC               | CORP              | US        |    166827 | NS      | $3525054.51   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| CECO Environmental Corp                      | CECO Environmental Corp                      | CUSIP: 125141101<br>LEI: 5493002CZCTL4HGLIY91 | Long             | EC               | CORP              | US        |    130067 | NS      | $7749391.86   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| CPI Aerostructures Inc                       | CPI Aerostructures Inc                       | CUSIP: 125919308<br>LEI: 549300C471OFZGCOHS09 | Long             | EC               | CORP              | US        |    203940 | NS      | $799444.80    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Canaccord Genuity Group Inc                  | Canaccord Genuity Group Inc                  | CUSIP: 134801109<br>LEI: 5493002DR5KW4JP7YS87 | Long             | EC               | CORP              | CA        |    626671 | NS      | $5365287.62   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| CareDx Inc                                   | CareDx Inc                                   | CUSIP: 14167L103<br>LEI: 549300NQOFKL9NON0U06 | Long             | EC               | CORP              | US        |    233363 | NS      | $4051181.68   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Century Casinos Inc                          | Century Casinos Inc                          | CUSIP: 156492100<br>LEI: 549300H2L4Y24HXY7M50 | Long             | EC               | CORP              | US        |    960557 | NS      | $1335174.23   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Certara Inc                                  | Certara Inc                                  | CUSIP: 15687V109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    447974 | NS      | $2553451.80   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Chain Bridge Bancorp Inc                     | Chain Bridge Bancorp Inc                     | CUSIP: 15746L100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    118847 | NS      | $4147760.30   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Citi Trends Inc                              | Citi Trends Inc                              | CUSIP: 17306X102<br>LEI: 529900D06Q0FPHV34S87 | Long             | EC               | CORP              | US        |    150648 | NS      | $6526071.36   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Clearfield Inc                               | Clearfield Inc                               | CUSIP: 18482P103<br>LEI: 529900M4S2OQ1ADPR537 | Long             | EC               | CORP              | US        |    160175 | NS      | $4239832.25   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Coastal Financial Corp/WA                    | Coastal Financial Corp/WA                    | CUSIP: 19046P209<br>LEI: 549300XG5L36T6IU0B47 | Long             | EC               | CORP              | US        |     34487 | NS      | $2624460.70   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Cohu Inc                                     | Cohu Inc                                     | CUSIP: 192576106<br>LEI: 529900FJPORJ3JJ2XS33 | Long             | EC               | CORP              | US        |    297071 | NS      | $9096314.02   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Compass Therapeutics Inc                     | Compass Therapeutics Inc                     | CUSIP: 20454B104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    334649 | NS      | $1770293.21   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Computer Modelling Group Ltd                 | Computer Modelling Group Ltd                 | CUSIP: 205249105<br>LEI: 254900W17JFUVTM20222 | Long             | EC               | CORP              | CA        |    218463 | NS      | $672145.53    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Concrete Pumping Holdings Inc                | Concrete Pumping Holdings Inc                | CUSIP: 206704108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    432041 | NS      | $3084772.74   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Core Molding Technologies Inc                | Core Molding Technologies Inc                | CUSIP: 218683100<br>LEI: 549300ZY2MFRXCKVIJ28 | Long             | EC               | CORP              | US        |    153560 | NS      | $3439744.00   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Covenant Logistics Group Inc                 | Covenant Logistics Group Inc                 | CUSIP: 22284P105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    209761 | NS      | $5695011.15   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Cross Country Healthcare Inc                 | Cross Country Healthcare Inc                 | CUSIP: 227483104<br>LEI: 54930037L0NBIPZ5S663 | Long             | EC               | CORP              | US        |    325665 | NS      | $3061251.00   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Artivion Inc                                 | Artivion Inc                                 | CUSIP: 228903100<br>LEI: 549300YTKV8DMSMG6K81 | Long             | EC               | CORP              | US        |    133326 | NS      | $4882398.12   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Cytek Biosciences Inc                        | Cytek Biosciences Inc                        | CUSIP: 23285D109<br>LEI: 549300K2J28BOC6FBO89 | Long             | EC               | CORP              | US        |    999296 | NS      | $4366923.52   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| DHI Group Inc                                | DHI Group Inc                                | CUSIP: 23331S100<br>LEI: 529900489RAC0CU0AO81 | Long             | EC               | CORP              | US        |    500549 | NS      | $1406542.69   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Delcath Systems Inc                          | Delcath Systems Inc                          | CUSIP: 24661P807<br>LEI: 549300NVPLITUM6URT02 | Long             | EC               | CORP              | US        |    119540 | NS      | $1109331.20   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Digi International Inc                       | Digi International Inc                       | CUSIP: 253798102<br>LEI: 529900KG656HGROI4N27 | Long             | EC               | CORP              | US        |    138000 | NS      | $6651600.00   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Dorchester Minerals LP                       | Dorchester Minerals LP                       | CUSIP: 25820R105<br>LEI: 529900J537JTEZOMXG05 | Long             | EC               | CORP              | US        |     59481 | NS      | $1611935.10   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| EVI Industries Inc                           | EVI Industries Inc                           | CUSIP: 26929N102<br>LEI: 549300RU296J63VW0297 | Long             | EC               | CORP              | US        |    247477 | NS      | $5093076.66   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Energy Recovery Inc                          | Energy Recovery Inc                          | CUSIP: 29270J100<br>LEI: 549300ZEQL52Z525WJ22 | Long             | EC               | CORP              | US        |    300977 | NS      | $3030838.39   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Esperion Therapeutics Inc                    | Esperion Therapeutics Inc                    | CUSIP: 29664W105<br>LEI: 549300OFU56UKEWVUS92 | Long             | EC               | CORP              | US        |   1124331 | NS      | $3080666.94   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Esquire Financial Holdings Inc               | Esquire Financial Holdings Inc               | CUSIP: 29667J101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     38133 | NS      | $4099297.50   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| EZCORP Inc                                   | EZCORP Inc                                   | CUSIP: 302301106<br>LEI: 5493003K6PG3ZQ7TUQ63 | Long             | EC               | CORP              | US        |    358823 | NS      | $9106927.74   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| First National Bank Alaska                   | First National Bank Alaska                   | CUSIP: 32112J106<br>LEI: 25490089V5DJHFQMOA03 | Long             | EC               | CORP              | US        |      2212 | NS      | $655858.00    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| First Watch Restaurant Group Inc             | First Watch Restaurant Group Inc             | CUSIP: 33748L101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    172596 | NS      | $1808806.08   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| 5N Plus Inc                                  | 5N Plus Inc                                  | CUSIP: 33833X101<br>LEI: 5493005GU1NFX4YB2S73 | Long             | EC               | CORP              | CA        |    543004 | NS      | $12366017.34  | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Standard BioTools Inc                        | Standard BioTools Inc                        | CUSIP: 34385P108<br>LEI: 549300GX8Y96GSB6YP89 | Long             | EC               | CORP              | US        |   1867129 | NS      | $1716451.69   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Forward Air Corp                             | Forward Air Corp                             | CUSIP: 34986A104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    181144 | NS      | $3026916.24   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Fox Factory Holding Corp                     | Fox Factory Holding Corp                     | CUSIP: 35138V102<br>LEI: 529900GE1HSV0617R721 | Long             | EC               | CORP              | US        |    184071 | NS      | $3029808.66   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Graham Corp                                  | Graham Corp                                  | CUSIP: 384556106<br>LEI: 254900EI9P4LTY524J77 | Long             | EC               | CORP              | US        |    106971 | NS      | $8442151.32   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| HBT Financial Inc                            | HBT Financial Inc                            | CUSIP: 404111106<br>LEI: 549300NTXD4Q6UK5BY66 | Long             | EC               | CORP              | US        |    146887 | NS      | $3924820.64   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Hammond Power Solutions Inc                  | Hammond Power Solutions Inc                  | CUSIP: 408549103<br>LEI: 549300OLI26OOKEG5V73 | Long             | EC               | CORP              | CA        |     38667 | NS      | $4874582.55   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Hingham Institution For Savings The          | Hingham Institution For Savings The          | CUSIP: 433323102<br>LEI: 2549009GDCGUR2T6KU55 | Long             | EC               | CORP              | US        |     14980 | NS      | $4281883.20   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| HomeTrust Bancshares Inc                     | HomeTrust Bancshares Inc                     | CUSIP: 437872104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     87260 | NS      | $3721639.00   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| IMAX Corp                                    | IMAX Corp                                    | CUSIP: 45245E109<br>LEI: 894500GS1ESLAPZCEI74 | Long             | EC               | CORP              | CA        |    191926 | NS      | $7295107.26   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| inTEST Corp                                  | inTEST Corp                                  | CUSIP: 461147100<br>LEI: 549300RJJBPHDOAVDU15 | Long             | EC               | CORP              | US        |    313295 | NS      | $4276476.75   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Investar Holding Corp                        | Investar Holding Corp                        | CUSIP: 46134L105<br>LEI: 54930001EK2YM28LOJ08 | Long             | EC               | CORP              | US        |    110540 | NS      | $3014425.80   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| J Jill Inc                                   | J Jill Inc                                   | CUSIP: 46620W201<br>LEI: 529900I19PJIF8MIDL12 | Long             | EC               | CORP              | US        |    163704 | NS      | $1876047.84   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Janus International Group Inc                | Janus International Group Inc                | CUSIP: 47103N106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    436424 | NS      | $2247583.60   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Kforce Inc                                   | Kforce Inc                                   | CUSIP: 493732101<br>LEI: 5493003RDQQDVXY2SK46 | Long             | EC               | CORP              | US        |    102896 | NS      | $3008679.04   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Kopin Corp                                   | Kopin Corp                                   | CUSIP: 500600101<br>LEI: 52990031GUBB61RXCD89 | Long             | EC               | CORP              | US        |   1320000 | NS      | $2970000.00   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Kraken Robotics Inc                          | Kraken Robotics Inc                          | CUSIP: 50077N102<br>LEI: 529900IX6H61N726FS70 | Long             | EC               | CORP              | CA        |    371908 | NS      | $2138785.13   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| LGI Homes Inc                                | LGI Homes Inc                                | CUSIP: 50187T106<br>LEI: 549300W02B4WNV8CV109 | Long             | EC               | CORP              | US        |     53905 | NS      | $2130864.65   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| LSB Industries Inc                           | LSB Industries Inc                           | CUSIP: 502160104<br>LEI: 5493001H215A0HG0MI71 | Long             | EC               | CORP              | US        |    175601 | NS      | $2616454.90   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| LSI Industries Inc                           | LSI Industries Inc                           | CUSIP: 50216C108<br>LEI: 529900HY42OANH6BVT33 | Long             | EC               | CORP              | US        |    286946 | NS      | $5337195.60   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Lakeland Industries Inc                      | Lakeland Industries Inc                      | CUSIP: 511795106<br>LEI: 549300HGP70IM9WKU164 | Long             | EC               | CORP              | US        |    215140 | NS      | $1761996.60   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Distribution Solutions Group Inc             | Distribution Solutions Group Inc             | CUSIP: 520776105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    126034 | NS      | $3307132.16   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Legacy Housing Corp                          | Legacy Housing Corp                          | CUSIP: 52472M101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    194097 | NS      | $3965401.71   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Legacy Education Inc                         | Legacy Education Inc                         | CUSIP: 52474R207<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    495483 | NS      | $6203447.16   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| LightPath Technologies Inc                   | LightPath Technologies Inc                   | CUSIP: 532257805<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    607909 | NS      | $6097327.27   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Limbach Holdings Inc                         | Limbach Holdings Inc                         | CUSIP: 53263P105<br>LEI: 254900EW8KXT5ZTWQI30 | Long             | EC               | CORP              | US        |     73022 | NS      | $5699367.10   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Lincoln Educational Services Corp            | Lincoln Educational Services Corp            | CUSIP: 533535100<br>LEI: 549300BJ55KUY6RG7L98 | Long             | EC               | CORP              | US        |    100000 | NS      | $4068000.00   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Lindblad Expeditions Holdings Inc            | Lindblad Expeditions Holdings Inc            | CUSIP: 535219109<br>LEI: 549300GSPW24GZE6R597 | Long             | EC               | CORP              | US        |    430719 | NS      | $7451438.70   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Lindsay Corp                                 | Lindsay Corp                                 | CUSIP: 535555106<br>LEI: 549300ZFO0QG5H8TPI61 | Long             | EC               | CORP              | US        |     43950 | NS      | $5233126.50   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Liquidity Services Inc                       | Liquidity Services Inc                       | CUSIP: 53635B107<br>LEI: 5299002AZ4ULSAXN0G81 | Long             | EC               | CORP              | US        |    185883 | NS      | $5682443.31   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Luna Innovations Inc                         | Luna Innovations Inc                         | CUSIP: 550351100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    230218 | NS      | $230218.00    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Magnite Inc                                  | Magnite Inc                                  | CUSIP: 55955D100<br>LEI: 54930018FR2YX1HHSB02 | Long             | EC               | CORP              | US        |    210376 | NS      | $2499266.88   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Major Drilling Group International Inc       | Major Drilling Group International Inc       | CUSIP: 560909103<br>LEI: 549300O1MNHCX2FUBC21 | Long             | EC               | CORP              | CA        |    739818 | NS      | $8519793.23   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Maravai LifeSciences Holdings Inc            | Maravai LifeSciences Holdings Inc            | CUSIP: 56600D107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1137227 | NS      | $3218352.41   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Marcus & Millichap Inc                       | Marcus & Millichap Inc                       | CUSIP: 566324109<br>LEI: 549300B2HE8ULXNB1N48 | Long             | EC               | CORP              | US        |     81860 | NS      | $2176657.40   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Marten Transport Ltd                         | Marten Transport Ltd                         | CUSIP: 573075108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    198021 | NS      | $2600015.73   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| MasterCraft Boat Holdings Inc                | MasterCraft Boat Holdings Inc                | CUSIP: 57637H103<br>LEI: 549300IXWX41555YJ117 | Long             | EC               | CORP              | US        |    236509 | NS      | $4850799.59   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Mesa Laboratories Inc                        | Mesa Laboratories Inc                        | CUSIP: 59064R109<br>LEI: 549300ZCG738WLX8ZW79 | Long             | EC               | CORP              | US        |     66896 | NS      | $5914944.32   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Mistras Group Inc                            | Mistras Group Inc                            | CUSIP: 60649T107<br>LEI: 5493000CMNXVLND3FU73 | Long             | EC               | CORP              | US        |    187419 | NS      | $2770052.82   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Montrose Environmental Group Inc             | Montrose Environmental Group Inc             | CUSIP: 615111101<br>LEI: 254900ASI8K3LUB8Q958 | Long             | EC               | CORP              | US        |    232840 | NS      | $5096867.60   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Natural Gas Services Group Inc               | Natural Gas Services Group Inc               | CUSIP: 63886Q109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    147939 | NS      | $5583217.86   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| NETGEAR Inc                                  | NETGEAR Inc                                  | CUSIP: 64111Q104<br>LEI: 54930067KX3UNRHDWA78 | Long             | EC               | CORP              | US        |    138332 | NS      | $3021170.88   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| NPK International Inc                        | NPK International Inc                        | CUSIP: 651718504<br>LEI: 54930073OHWDQW4DJN26 | Long             | EC               | CORP              | US        |    624842 | NS      | $9053960.58   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| nLight Inc                                   | nLight Inc                                   | CUSIP: 65487K100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    136784 | NS      | $7799423.68   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Northeast Bank                               | Northeast Bank                               | CUSIP: 66405S100<br>LEI: 549300F0LV9TSW34E306 | Long             | EC               | CORP              | US        |     45210 | NS      | $5080247.70   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| NWPX Infrastructure Inc                      | NWPX Infrastructure Inc                      | CUSIP: 667746101<br>LEI: 54930056VW2CRCZ9RE54 | Long             | EC               | CORP              | US        |    116600 | NS      | $9078476.00   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| OTC Markets Group Inc                        | OTC Markets Group Inc                        | CUSIP: 67106F108<br>LEI: 254900LQDMW14QIVAH45 | Long             | EC               | CORP              | US        |     63527 | NS      | $3366931.00   | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| OneWater Marine Inc                          | OneWater Marine Inc                          | CUSIP: 68280L101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    335050 | NS      | $3166222.50   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Onto Innovation Inc                          | Onto Innovation Inc                          | CUSIP: 683344105<br>LEI: 254900RXZVN73CHOO062 | Long             | EC               | CORP              | US        |     26766 | NS      | $5488903.62   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Oppenheimer Holdings Inc                     | Oppenheimer Holdings Inc                     | CUSIP: 683797104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     75967 | NS      | $6775496.73   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| ORIC Pharmaceuticals Inc                     | ORIC Pharmaceuticals Inc                     | CUSIP: 68622P109<br>LEI: 54930033FJRNEYBW0L25 | Long             | EC               | CORP              | US        |    342816 | NS      | $4343478.72   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Bed Bath & Beyond Inc                        | Bed Bath & Beyond Inc                        | CUSIP: 690370101<br>LEI: 549300ACR0DL9U7EI710 | Long             | EC               | CORP              | US        |    435651 | NS      | $2021420.64   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| PagerDuty Inc                                | PagerDuty Inc                                | CUSIP: 69553P100<br>LEI: 549300U1SB749EDAGH21 | Long             | EC               | CORP              | US        |    305303 | NS      | $1895931.63   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| PAR Technology Corp                          | PAR Technology Corp                          | CUSIP: 698884103<br>LEI: 549300HYPTHBJQINVG57 | Long             | EC               | CORP              | US        |    191422 | NS      | $2551655.26   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Park Aerospace Corp                          | Park Aerospace Corp                          | CUSIP: 70014A104<br>LEI: 5299004AG0G7IB636095 | Long             | EC               | CORP              | US        |    289845 | NS      | $7935956.10   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Pason Systems Inc                            | Pason Systems Inc                            | CUSIP: 702925108<br>LEI: 984500DC6T2FLR969F65 | Long             | EC               | CORP              | CA        |    503586 | NS      | $4792954.24   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Penguin Solutions Inc                        | Penguin Solutions Inc                        | CUSIP: 706915105<br>LEI: 254900DVWIPOY3GJ8E23 | Long             | EC               | CORP              | US        |    131153 | NS      | $2308292.80   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Perella Weinberg Partners                    | Perella Weinberg Partners                    | CUSIP: 71367G102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    140676 | NS      | $2554676.16   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Perma-Pipe International Holdings Inc        | Perma-Pipe International Holdings Inc        | CUSIP: 714167103<br>LEI: 549300QBMR25XXRKXK93 | Long             | EC               | CORP              | US        |     81001 | NS      | $2414639.81   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Powell Industries Inc                        | Powell Industries Inc                        | CUSIP: 739128106<br>LEI: 549300V08RO7MX2UBN26 | Long             | EC               | CORP              | US        |      9033 | NS      | $4887575.64   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Powerfleet Inc NJ                            | Powerfleet Inc NJ                            | CUSIP: 73931J109<br>LEI: 2549007NKEFPYEH4MF81 | Long             | EC               | CORP              | US        |   1352591 | NS      | $4165980.28   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Preformed Line Products Co                   | Preformed Line Products Co                   | CUSIP: 740444104<br>LEI: 549300EYH53XDJID2098 | Long             | EC               | CORP              | US        |     18087 | NS      | $4897055.25   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Profound Medical Corp                        | Profound Medical Corp                        | CUSIP: 74319B502<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |    691021 | NS      | $4421024.30   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Quanex Building Products Corp                | Quanex Building Products Corp                | CUSIP: 747619104<br>LEI: 5493000TL30VL5WOAW87 | Long             | EC               | CORP              | US        |    175289 | NS      | $3149943.33   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| QuinStreet Inc                               | QuinStreet Inc                               | CUSIP: 74874Q100<br>LEI: 549300TP8MFBFPOS4Y78 | Long             | EC               | CORP              | US        |    362269 | NS      | $4350850.69   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Radiant Logistics Inc                        | Radiant Logistics Inc                        | CUSIP: 75025X100<br>LEI: 549300HWCW2HBOG4GN20 | Long             | EC               | CORP              | US        |    570210 | NS      | $4019980.50   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Ranger Energy Services Inc                   | Ranger Energy Services Inc                   | CUSIP: 75282U104<br>LEI: 549300J7RIVGVAN0RE23 | Long             | EC               | CORP              | US        |    187189 | NS      | $3208419.46   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Ribbon Communications Inc                    | Ribbon Communications Inc                    | CUSIP: 762544104<br>LEI: 549300L1E8Z8RL7CUL52 | Long             | EC               | CORP              | US        |    916553 | NS      | $1943092.36   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Richardson Electronics Ltd/United States     | Richardson Electronics Ltd/United States     | CUSIP: 763165107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    613885 | NS      | $6722040.75   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Riley Exploration Permian Inc                | Riley Exploration Permian Inc                | CUSIP: 76665T102<br>LEI: 5493008CUBI02XP43Q95 | Long             | EC               | CORP              | US        |     99629 | NS      | $3631477.05   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Gold Inc                               | Royal Gold Inc                               | CUSIP: 780287108<br>LEI: 5493001NGRU6SFL04184 | Long             | EC               | CORP              | US        |     15718 | NS      | $4000073.82   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| SandRidge Energy Inc                         | SandRidge Energy Inc                         | CUSIP: 80007P869<br>LEI: W1MKPVGS6I5155L7VV67 | Long             | EC               | CORP              | US        |    226299 | NS      | $3690936.69   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Select Water Solutions Inc                   | Select Water Solutions Inc                   | CUSIP: 81617J301<br>LEI: 54930094OK8LA3QDW486 | Long             | EC               | CORP              | US        |    381368 | NS      | $5834930.40   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| GeneDx Holdings Corp                         | GeneDx Holdings Corp                         | CUSIP: 81663L200<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     31567 | NS      | $2027232.74   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Seneca Foods Corp                            | Seneca Foods Corp                            | CUSIP: 817070501<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6651 | NS      | $1005099.12   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Shoe Carnival Inc                            | Shoe Carnival Inc                            | CUSIP: 824889109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     66756 | NS      | $1040726.04   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Silvercrest Asset Management Group Inc       | Silvercrest Asset Management Group Inc       | CUSIP: 828359109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    212101 | NS      | $2850637.44   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Simulations Plus Inc                         | Simulations Plus Inc                         | CUSIP: 829214105<br>LEI: 529900KYRDJAQ8TJCG93 | Long             | EC               | CORP              | US        |    259776 | NS      | $3070552.32   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| SMARTRENT INC                                | SmartRent Inc                                | CUSIP: 83193G107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    394318 | NS      | $591477.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Sprott Inc                                   | Sprott Inc                                   | CUSIP: 852066208<br>LEI: 254900QHJAD5TP2JNM15 | Long             | EC               | CORP              | CA        |     75018 | NS      | $10705609.49  | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Fixed Income Clearing Corp.                  | FIXED INC CLEARING CORP.REPO                 | CUSIP: 000000000<br>LEI: 549300H47WTHXPU08X20 | Long             | RA               | CORP              | US        |   4685669 | PA      | $4685669.11   | 0.68%             |  |  |  | No            |                  2 | On Loan: No      |
| Stoneridge Inc                               | Stoneridge Inc                               | CUSIP: 86183P102<br>LEI: PNBCIH9LE7WI83VJIF08 | Long             | EC               | CORP              | US        |    452992 | NS      | $2187951.36   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Target Hospitality Corp                      | Target Hospitality Corp                      | CUSIP: 87615L107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    315923 | NS      | $2931765.44   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| RealReal Inc/The                             | RealReal Inc/The                             | CUSIP: 88339P101<br>LEI: 549300O00VUGT4H1PE90 | Long             | EC               | CORP              | US        |    353585 | NS      | $3210551.80   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Titan International Inc                      | Titan International Inc                      | CUSIP: 88830M102<br>LEI: 254900CXRGBE7C4B5A06 | Long             | EC               | CORP              | US        |    314601 | NS      | $2173892.91   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Titan Machinery Inc                          | Titan Machinery Inc                          | CUSIP: 88830R101<br>LEI: 549300835ZM8G0BT5C94 | Long             | EC               | CORP              | US        |    291484 | NS      | $4873612.48   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Transcat Inc                                 | Transcat Inc                                 | CUSIP: 893529107<br>LEI: 54930081E40TSSHUOS40 | Long             | EC               | CORP              | US        |    100643 | NS      | $7392228.35   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| TrueBlue Inc                                 | TrueBlue Inc                                 | CUSIP: 89785X101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    527787 | NS      | $2063647.17   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Ultra Clean Holdings Inc                     | Ultra Clean Holdings Inc                     | CUSIP: 90385V107<br>LEI: 5493007L6LS7QX18PE75 | Long             | EC               | CORP              | US        |    169207 | NS      | $10521291.26  | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Unity Bancorp Inc                            | Unity Bancorp Inc                            | CUSIP: 913290102<br>LEI: 549300Q90ZRNUR65PL93 | Long             | EC               | CORP              | US        |     31688 | NS      | $1642389.04   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Technical Institute Inc            | Universal Technical Institute Inc            | CUSIP: 913915104<br>LEI: 2549003YOJGAZ0PVFV48 | Long             | EC               | CORP              | US        |    194500 | NS      | $7021450.00   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| VSE Corp                                     | VSE Corp                                     | CUSIP: 918284100<br>LEI: 549300QWJYQDH4U5XI15 | Long             | EC               | CORP              | US        |     28449 | NS      | $5245995.60   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Vera Bradley Inc                             | Vera Bradley Inc                             | CUSIP: 92335C106<br>LEI: 52990005Q6LEJKXO7M51 | Long             | EC               | CORP              | US        |    354452 | NS      | $1120068.32   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Virginia National Bankshares Corp            | Virginia National Bankshares Corp            | CUSIP: 928031103<br>LEI: 5493005LXSLNF92BF097 | Long             | EC               | CORP              | US        |     26718 | NS      | $1020627.60   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Vishay Precision Group Inc                   | Vishay Precision Group Inc                   | CUSIP: 92835K103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    152272 | NS      | $6611650.24   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Wabash National Corp                         | Wabash National Corp                         | CUSIP: 929566107<br>LEI: 5299004ZAWHQZI5XO485 | Long             | EC               | CORP              | US        |    103501 | NS      | $892178.62    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Climb Global Solutions Inc                   | Climb Global Solutions Inc                   | CUSIP: 946760105<br>LEI: 549300LKM16VX2FG7J68 | Long             | EC               | CORP              | US        |    180512 | NS      | $3577747.84   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Westaim Corp/The                             | Westaim Corp/The                             | CUSIP: 956925101<br>LEI: 549300TSCVMK1W6GSK84 | Long             | EC               | CORP              | US        |     36233 | NS      | $619901.80    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Western New England Bancorp Inc              | Western New England Bancorp Inc              | CUSIP: 958892101<br>LEI: 549300Y8QE4EI2LP6B42 | Long             | EC               | CORP              | US        |    352810 | NS      | $4561833.30   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Westport Fuel Systems Inc                    | Westport Fuel Systems Inc                    | CUSIP: 960908507<br>LEI: 549300ZBKJ4TMPXRB502 | Long             | EC               | CORP              | CA        |    304843 | NS      | $554814.26    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Midway Investments Ltd                       | MIDWAY INVESTMENTS LTD                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | GB        |    735647 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Tel Aviv Stock Exchange Ltd                  | Tel Aviv Stock Exchange Ltd                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IL        |    118000 | NS      | $5224870.45   | 0.76%             |  |  |  | No            |                  2 | On Loan: No      |
| Establishment Labs Holdings Inc              | Establishment Labs Holdings Inc              | CUSIP: 000000000<br>LEI: 549300BCBQ714JNJ7V58 | Long             | EC               | CORP              | VG        |    117034 | NS      | $6645190.52   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| ASA Gold and Precious Metals Ltd             | ASA Gold and Precious Metals Ltd             | CUSIP: 000000000<br>LEI: 254900VOUR4617HGCL14 | Long             | EC               | RF                | BM        |    105887 | NS      | $6568170.61   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Ferroglobe PLC                               | Ferroglobe PLC                               | CUSIP: 000000000<br>LEI: 2138005GCFJACFTZUD90 | Long             | EC               | CORP              | GB        |    648310 | NS      | $2671037.20   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Ichor Holdings Ltd                           | Ichor Holdings Ltd                           | CUSIP: 000000000<br>LEI: 529900PS8R2JVLJ2H892 | Long             | EC               | CORP              | KY        |    220889 | NS      | $10295636.29  | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| International General Insurance Holdings Ltd | International General Insurance Holdings Ltd | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |    245554 | NS      | $5948545.65   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Luxfer Holdings PLC                          | Luxfer Holdings PLC                          | CUSIP: 000000000<br>LEI: 21380045UF5SJYZOXE41 | Long             | EC               | CORP              | GB        |    464828 | NS      | $5661605.04   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Alpha & Omega Semiconductor Ltd              | Alpha & Omega Semiconductor Ltd              | CUSIP: 000000000<br>LEI: 5493001FE7J03YOV2V35 | Long             | EC               | CORP              | BM        |    100741 | NS      | $2232420.56   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Aebi Schmidt Holding AG                      | Aebi Schmidt Holding AG                      | CUSIP: 000000000<br>LEI: 506700TN58RT735OV464 | Long             | EC               | CORP              | CH        |    209008 | NS      | $2029467.68   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Sophia Genetics SA                           | Sophia Genetics SA                           | CUSIP: 000000000<br>LEI: 506700H1GPU9GGM8W895 | Long             | EC               | CORP              | CH        |    363071 | NS      | $1797201.45   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Camtek Ltd/Israel                            | Camtek Ltd/Israel                            | CUSIP: 000000000<br>LEI: 5493000H80W07HCKGS43 | Long             | EC               | CORP              | IL        |     61275 | NS      | $9289902.75   | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Nova Ltd                                     | Nova Ltd                                     | CUSIP: 000000000<br>LEI: 529900B2DSWE5V3SC292 | Long             | EC               | CORP              | IL        |     15341 | NS      | $6662289.48   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphamin Resources Corp                      | Alphamin Resources Corp                      | CUSIP: 000000000<br>LEI: 529900YI7Z8X5I42E192 | Long             | EC               | CORP              | MU        |   1267682 | NS      | $1047972.32   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Navigator Holdings Ltd                       | Navigator Holdings Ltd                       | CUSIP: 000000000<br>LEI: 213800H7RVOFYARK2W19 | Long             | EC               | CORP              | MH        |    142581 | NS      | $2756090.73   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-04-24

**Name of Applicant:** ROYCE MICRO-CAP TRUST, INC.

**Signature:** John Schwartz

**Name of Signer:** John Schwartz

**Title:** Associate General Counsel