# EDGAR Filing Document

**Accession Number:** 0001363526
**File Stem:** 0001193125-25-329845
**Filing Date:** 2025-12
**Character Count:** 151005
**Document Hash:** edb90bacc040d5e7a1cb2ebe725c80c6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-329845.hdr.sgml**: 20251223

**ACCESSION NUMBER**: 0001193125-25-329845

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251223

**DATE AS OF CHANGE**: 20251223

**PERIOD START**: 20260731

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Federated Hermes MDT Series
- **CENTRAL INDEX KEY:** 0001363526

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0731

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21904
- **FILM NUMBER:** 251595202

**BUSINESS ADDRESS:**
- **STREET 1:** FEDERATED INVESTORS FUNDS
- **STREET 2:** 4000 ERICSSON DRIVE
- **CITY:** WARRENDALE
- **STATE:** PA
- **ZIP:** 15086-7561
- **BUSINESS PHONE:** 412-288-1900

**MAIL ADDRESS:**
- **STREET 1:** FEDERATED INVESTORS FUNDS
- **STREET 2:** 4000 ERICSSON DRIVE
- **CITY:** WARRENDALE
- **STATE:** PA
- **ZIP:** 15086-7561

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Federated MDT Series
- **DATE OF NAME CHANGE:** 20060519

## Series and Classes Contracts Data

### Federated Hermes MDT Small Cap Core Fund (Series ID: S000012972)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000035058 | Class A Shares       | QASCX           |
| C000035059 | Class C Shares       | QCSCX           |
| C000035060 | Institutional Shares | QISCX           |
| C000170839 | Class R6 Shares      | QLSCX           |
| C000188308 | Class T Shares       |  |

## Nport-Ex

Federated Hermes MDT Small Cap Core Fund

Portfolio of Investments

October 31, 2025 (unaudited)

---

| | | |
|:---|:---|:---|
| **Shares** |  | **Value** |
|  | COMMON STOCKS—99.0% |  |
|  | **Communication Services—1.7%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 691974<br><sup>1</sup> <br>| Bumble, Inc. | &nbsp;&nbsp; $3840456 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 135484<br><sup>2</sup> <br>| Cinemark Holdings, Inc. | &nbsp;&nbsp; 3659423 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 292427<br><sup>1</sup> <br>| E.W. Scripps Co. | &nbsp;&nbsp; 710597 |
| &nbsp;&nbsp;&nbsp; 1409200<br><sup>1</sup> <br>| Lumen Technologies, Inc. | &nbsp;&nbsp; 14486576 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 55012<br><sup>1,2</sup> <br>| Sphere Entertainment Co. | &nbsp;&nbsp; 3767222 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26464274 |
|  | **Consumer Discretionary—9.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 42574<br><sup>1</sup> <br>| Abercrombie & Fitch Co., Class A | &nbsp;&nbsp; 3088744 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 358404<br><sup>1</sup> <br>| Adient PLC | &nbsp;&nbsp; 8311389 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 146260 | Advance Auto Parts, Inc. | &nbsp;&nbsp; 6893234 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 515744<br><sup>1</sup> <br>| Bed Bath & Beyond, Inc. | &nbsp;&nbsp; 3976386 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 634884 | Bloomin Brands, Inc. | &nbsp;&nbsp; 4336258 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29307<br><sup>1</sup> <br>| Brinker International, Inc. | &nbsp;&nbsp; 3184499 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 420909 | Caleres, Inc. | &nbsp;&nbsp; 4646835 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 313526<br><sup>1</sup> <br>| Capri Holdings Ltd. | &nbsp;&nbsp; 6505664 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 632820<br><sup>1</sup> <br>| Coursera, Inc. | &nbsp;&nbsp; 5328344 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 496355<br><sup>1</sup> <br>| European Wax Center, Inc. | &nbsp;&nbsp; 1935784 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 826108<br><sup>1</sup> <br>| EVgo, Inc. | &nbsp;&nbsp; 3395304 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 113904<br><sup>1</sup> <br>| Frontdoor, Inc. | &nbsp;&nbsp; 7566643 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 293894<br><sup>1</sup> <br>| Garrett Motion, Inc. | &nbsp;&nbsp; 4978564 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 142979<br><sup>1</sup> <br>| Helen of Troy Ltd. | &nbsp;&nbsp; 2663699 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 267761<br><sup>2</sup> <br>| Kohl's Corp. | &nbsp;&nbsp; 4356471 |
| &nbsp;&nbsp;&nbsp; 1622579<br><sup>2</sup> <br>| Krispy Kreme, Inc. | &nbsp;&nbsp; 5825059 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 90809<br><sup>1,2</sup> <br>| Lands' End, Inc. | &nbsp;&nbsp; 1429334 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 508802<br><sup>1</sup> <br>| National Vision Holdings, Inc. | &nbsp;&nbsp; 13101651 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 415281<br><sup>1,2</sup> <br>| PetMed Express, Inc. | &nbsp;&nbsp; 1067272 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 47681 | Polaris, Inc., Class A | &nbsp;&nbsp; 3151714 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 68521<br><sup>1</sup> <br>| Revolve Group, Inc. | &nbsp;&nbsp; 1515685 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 154694<br><sup>1</sup> <br>| Rush Street Interactive, Inc. | &nbsp;&nbsp; 2623610 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 936565<br><sup>1</sup> <br>| Stoneridge, Inc. | &nbsp;&nbsp; 6378008 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6665<br><sup>1</sup> <br>| Stride, Inc. | &nbsp;&nbsp; 453487 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 265197 | Super Group SGHC Ltd. | &nbsp;&nbsp; 2864128 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 512645<br><sup>1,2</sup> <br>| Sweetgreen, Inc. | &nbsp;&nbsp; 3224537 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23244 | Texas Roadhouse, Inc. | &nbsp;&nbsp; 3802254 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 503969<br><sup>1</sup> <br>| ThredUp, Inc. | &nbsp;&nbsp; 4429887 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 864918<br><sup>1</sup> <br>| Udemy, Inc. | &nbsp;&nbsp; 4925708 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 69874<br><sup>1</sup> <br>| Universal Technical Institute, Inc. | &nbsp;&nbsp; 2076655 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 128785<br><sup>1</sup> <br>| Victoria's Secret & Co. | &nbsp;&nbsp; 4539671 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 253646 | Wolverine World Wide, Inc. | &nbsp;&nbsp; 5757764 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 138334242 |
|  | **Consumer Staples—2.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27869 | Cal-Maine Foods, Inc. | &nbsp;&nbsp; 2446898 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 699398<br><sup>1</sup> <br>| Hain Celestial Group, Inc. | &nbsp;&nbsp; 811302 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 799919 | MGP Ingredients, Inc. | &nbsp;&nbsp; 19358040 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 117568 | Nu Skin Enterprises, Inc., Class A | &nbsp;&nbsp; 1260329 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17505<br><sup>1</sup> <br>| Sprouts Farmers Market, Inc. | &nbsp;&nbsp; 1382195 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 42885 | Turning Point Brands, Inc. | &nbsp;&nbsp; 3855361 |

---

**1**

------

---

| | | |
|:---|:---|:---|
| **Shares** |  | **Value** |
|  | COMMON STOCKS—continued |  |
|  | **Consumer Staples—continued** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 43064<br><sup>1</sup> <br>| United Natural Foods, Inc. | &nbsp;&nbsp; $1621360 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30735485 |
|  | **Energy—3.9%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 245160 | Ardmore Shipping Corp. | &nbsp;&nbsp; 3086564 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 289869<br><sup>1</sup> <br>| CNX Resources Corp. | &nbsp;&nbsp; 9756991 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 263392 | Comstock Resources, Inc. | &nbsp;&nbsp; 4938600 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 118014 | Delek US Holdings, Inc. | &nbsp;&nbsp; 4456209 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 348129<br><sup>1</sup> <br>| DMC Global, Inc. | &nbsp;&nbsp; 2805920 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 680687<br><sup>1</sup> <br>| Green Plains, Inc. | &nbsp;&nbsp; 6997462 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 45530<br><sup>2</sup> <br>| Kinetik Holdings, Inc. | &nbsp;&nbsp; 1753360 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24664<br><sup>1</sup> <br>| Nabors Industries Ltd. | &nbsp;&nbsp; 1196697 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28483<br><sup>1</sup> <br>| Oceaneering International, Inc. | &nbsp;&nbsp; 663369 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 309021<br><sup>1</sup> <br>| Oil States International, Inc. | &nbsp;&nbsp; 1844855 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 211054 | Peabody Energy Corp. | &nbsp;&nbsp; 5787101 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 50692<br><sup>1</sup> <br>| Seadrill Ltd. | &nbsp;&nbsp; 1599839 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 221732<br><sup>1</sup> <br>| Tidewater, Inc. | &nbsp;&nbsp; 11217422 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26901<br><sup>1</sup> <br>| Valaris Ltd. | &nbsp;&nbsp; 1509684 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33056 | World Kinect Corp. | &nbsp;&nbsp; 854498 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 58468571 |
|  | **Financials—17.7%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 184470 | Acadian Asset Management, Inc. | &nbsp;&nbsp; 8873007 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 44200 | Alerus Financial Corp. | &nbsp;&nbsp; 933504 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 206922 | Amalgamated Financial Corp. | &nbsp;&nbsp; 5640694 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 265252 | Artisan Partners Asset Management, Inc. | &nbsp;&nbsp; 11580902 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7753 | BancFirst Corp. | &nbsp;&nbsp; 843992 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 70789 | Banco Latinoamericano de Comercio Exterior S.A., Class E | &nbsp;&nbsp; 3044635 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 366978 | BankUnited, Inc. | &nbsp;&nbsp; 14708478 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19237 | Bread Financial Holdings, Inc. | &nbsp;&nbsp; 1205198 |
| &nbsp;&nbsp;&nbsp; 1088828 | BrightSpire Capital, Inc. | &nbsp;&nbsp; 5618352 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 439444 | Byline Bancorp, Inc. | &nbsp;&nbsp; 11750733 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 355839 | CNO Financial Group, Inc. | &nbsp;&nbsp; 14240677 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 73723<br><sup>1</sup> <br>| Customers Bancorp, Inc. | &nbsp;&nbsp; 4948288 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 39038 | Employers Holdings, Inc. | &nbsp;&nbsp; 1488519 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 286072 | FB Financial Corp. | &nbsp;&nbsp; 15450749 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38128 | Financial Institutions, Inc. | &nbsp;&nbsp; 1083979 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35085 | First Business Financial Services, Inc. | &nbsp;&nbsp; 1775652 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 712426 | Flagstar Bank, N.A. | &nbsp;&nbsp; 8135905 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 81071<br><sup>1</sup> <br>| Flywire Corp. | &nbsp;&nbsp; 1079866 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 120421 | Fulton Financial Corp. | &nbsp;&nbsp; 2091713 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 473729<br><sup>1</sup> <br>| Hamilton Insurance Group, Ltd. | &nbsp;&nbsp; 11213165 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27755 | HCI Group, Inc. | &nbsp;&nbsp; 5662298 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31294 | Hometrust Bancshares, Inc. | &nbsp;&nbsp; 1230167 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 113779 | Independent Bank Corp./MI | &nbsp;&nbsp; 3438401 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 161217 | Jackson Financial, Inc. | &nbsp;&nbsp; 16252286 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 81884<br><sup>1,2</sup> <br>| Lemonade, Inc. | &nbsp;&nbsp; 4919591 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 360820<br><sup>1</sup> <br>| LendingClub Corp. | &nbsp;&nbsp; 6274660 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 89116<br><sup>1</sup> <br>| LendingTree, Inc. | &nbsp;&nbsp; 5703424 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 47003 | Mercury General Corp. | &nbsp;&nbsp; 3633332 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 65508<br><sup>1</sup> <br>| NCR Atleos Corp. | &nbsp;&nbsp; 2417245 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 168875 | OFG Bancorp | &nbsp;&nbsp; 6528707 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 66248<br><sup>1</sup> <br>| Palomar Holdings, Inc. | &nbsp;&nbsp; 7552934 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 128369<br><sup>1</sup> <br>| Payoneer Global, Inc. | &nbsp;&nbsp; 743257 |

---

**2**

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---

| | | |
|:---|:---|:---|
| **Shares** |  | **Value** |
|  | COMMON STOCKS—continued |  |
|  | **Financials—continued** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 39120 | Peapack-Gladstone Financial Corp. | &nbsp;&nbsp; $989736 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27694 | Preferred Bank Los Angeles, CA | &nbsp;&nbsp; 2499383 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 95810 | QCR Holdings, Inc. | &nbsp;&nbsp; 7127306 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 118346 | RLI Corp. | &nbsp;&nbsp; 6977680 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31853<br><sup>1</sup> <br>| Root, Inc. | &nbsp;&nbsp; 2564804 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 323674<br><sup>1</sup> <br>| Siriuspoint Ltd. | &nbsp;&nbsp; 5890867 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 284851<br><sup>1</sup> <br>| Skyward Specialty Insurance Group, Inc. | &nbsp;&nbsp; 12986357 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 265681<br><sup>1</sup> <br>| StoneCo Ltd. | &nbsp;&nbsp; 5050596 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 79179<br><sup>1</sup> <br>| Texas Capital Bancshares, Inc. | &nbsp;&nbsp; 6638367 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 160092 | The Bank of NT Butterfield & Son Ltd. | &nbsp;&nbsp; 7405856 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 320534 | Trustmark Corp. | &nbsp;&nbsp; 11930275 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33509 | UMB Financial Corp. | &nbsp;&nbsp; 3581442 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 42612 | Universal Insurance Holdings, Inc. | &nbsp;&nbsp; 1313302 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33179 | Victory Capital Holdings, Inc. | &nbsp;&nbsp; 2066056 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 138739 | Western New England Bancorp, Inc. | &nbsp;&nbsp; 1577462 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 268663799 |
|  | **Health Care—18.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 823005<br><sup>1</sup> <br>| 4D Molecular Therapeutics, Inc. | &nbsp;&nbsp; 9464557 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 195071<br><sup>1</sup> <br>| ADMA Biologics, Inc. | &nbsp;&nbsp; 3019699 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 251466<br><sup>1</sup> <br>| Alignment Healthcare, Inc. | &nbsp;&nbsp; 4239717 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 453437<br><sup>1</sup> <br>| AMN Healthcare Services, Inc. | &nbsp;&nbsp; 8928175 |
| &nbsp;&nbsp;&nbsp; 1058272<br><sup>1,2</sup> <br>| Aquestive Therapeutics, Inc. | &nbsp;&nbsp; 7217415 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 357864<br><sup>1,2</sup> <br>| Arcutis Biotherapeutics, Inc. | &nbsp;&nbsp; 9057538 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 387350<br><sup>1</sup> <br>| Arvinas, Inc. | &nbsp;&nbsp; 3927729 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 66163<br><sup>1</sup> <br>| Aveanna Healthcare Holdings, Inc. | &nbsp;&nbsp; 598775 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36223<br><sup>1</sup> <br>| Axsome Therapeutics, Inc. | &nbsp;&nbsp; 4889743 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 110647<br><sup>1</sup> <br>| BioCryst Pharmaceuticals, Inc. | &nbsp;&nbsp; 809936 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 413054<br><sup>1,2</sup> <br>| Biomea Fusion, Inc. | &nbsp;&nbsp; 561753 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 163560<br><sup>1</sup> <br>| Bridgebio Pharma, Inc. | &nbsp;&nbsp; 10245398 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 257997<br><sup>1</sup> <br>| BrightSpring Health Services, Inc. | &nbsp;&nbsp; 8526801 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 190402<br><sup>1</sup> <br>| Catalyst Pharmaceutical Partners, Inc. | &nbsp;&nbsp; 4049851 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 290899<br><sup>1</sup> <br>| Cogent Biosciences, Inc. | &nbsp;&nbsp; 4741654 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 316030<br><sup>1</sup> <br>| Emergent BioSolutions, Inc. | &nbsp;&nbsp; 3944054 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 499594<br><sup>1</sup> <br>| EyePoint Pharmaceuticals, Inc. | &nbsp;&nbsp; 6539685 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 149480<br><sup>1</sup> <br>| Guardant Health, Inc. | &nbsp;&nbsp; 13904630 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33398<br><sup>1</sup> <br>| Haemonetics Corp. | &nbsp;&nbsp; 1670234 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 124355<br><sup>1</sup> <br>| Halozyme Therapeutics, Inc. | &nbsp;&nbsp; 8106702 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 122876<br><sup>1</sup> <br>| Harmony Biosciences Holdings, Inc. | &nbsp;&nbsp; 3510567 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 219586<br><sup>1</sup> <br>| Indivior PLC | &nbsp;&nbsp; 6449241 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 371379<br><sup>1</sup> <br>| Inogen, Inc. | &nbsp;&nbsp; 3060163 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 43050<br><sup>1</sup> <br>| Insmed, Inc. | &nbsp;&nbsp; 8162280 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 44211<br><sup>1</sup> <br>| iRhythm Technologies, Inc. | &nbsp;&nbsp; 8280720 |
| &nbsp;&nbsp;&nbsp; 1286341<br><sup>1</sup> <br>| Ironwood Pharmaceuticals, Inc. | &nbsp;&nbsp; 2469775 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 364437<br><sup>1,2</sup> <br>| Keros Therapeutics, Inc. | &nbsp;&nbsp; 5546731 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 244231<br><sup>1</sup> <br>| Kodiak Sciences, Inc. | &nbsp;&nbsp; 4426687 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12146<br><sup>1</sup> <br>| Krystal Biotech, Inc. | &nbsp;&nbsp; 2398956 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19020<br><sup>1</sup> <br>| Lantheus Holdings, Inc. | &nbsp;&nbsp; 1097264 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22982 | LeMaitre Vascular, Inc. | &nbsp;&nbsp; 1990471 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 112037<br><sup>1</sup> <br>| LifeMD, Inc. | &nbsp;&nbsp; 662139 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 149105<br><sup>1</sup> <br>| Liquida Corporation | &nbsp;&nbsp; 3632198 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 69674<br><sup>1</sup> <br>| Livanova PLC | &nbsp;&nbsp; 3666943 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3308<br><sup>1</sup> <br>| Madrigal Pharmaceuticals, Inc. | &nbsp;&nbsp; 1385721 |

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**3**

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| | | |
|:---|:---|:---|
| **Shares** |  | **Value** |
|  | COMMON STOCKS—continued |  |
|  | **Health Care—continued** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 229141<br><sup>1</sup> <br>| Mirum Pharmaceuticals, Inc. | &nbsp;&nbsp; $16647094 |
| &nbsp;&nbsp;&nbsp; 1004639<br><sup>1</sup> <br>| Myriad Genetics, Inc. | &nbsp;&nbsp; 8077298 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 943027<br><sup>1</sup> <br>| Neogen Corp. | &nbsp;&nbsp; 5818477 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 288264<br><sup>1</sup> <br>| Omnicell, Inc. | &nbsp;&nbsp; 9677022 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 69633<br><sup>1</sup> <br>| Outset Medical, Inc. | &nbsp;&nbsp; 913585 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 71905<br><sup>1</sup> <br>| Pediatrix Medical Group, Inc. | &nbsp;&nbsp; 1220228 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 394352<br><sup>1</sup> <br>| Prothena Corp. PLC | &nbsp;&nbsp; 4239284 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 121514<br><sup>1</sup> <br>| Rhythm Pharmaceuticals, Inc. | &nbsp;&nbsp; 13823433 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 333241<br><sup>1</sup> <br>| Rocket Pharmaceuticals, Inc. | &nbsp;&nbsp; 1256319 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 168829<br><sup>1</sup> <br>| RxSight, Inc. | &nbsp;&nbsp; 1484007 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 150022<br><sup>1</sup> <br>| Siga Technologies, Inc. | &nbsp;&nbsp; 1242182 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 385943<br><sup>1</sup> <br>| Tactile Systems Technology, Inc. | &nbsp;&nbsp; 5816161 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 87610<br><sup>1</sup> <br>| Teladoc Health, Inc. | &nbsp;&nbsp; 756074 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 245952<br><sup>1</sup> <br>| TruBridge, Inc. | &nbsp;&nbsp; 4727197 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 624548<br><sup>1</sup> <br>| Vanda Pharmaceuticals, Inc. | &nbsp;&nbsp; 2716784 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 180110<br><sup>1</sup> <br>| Varex Imaging Corp. | &nbsp;&nbsp; 2105486 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 362184<br><sup>1</sup> <br>| Waystar Holding Corp. | &nbsp;&nbsp; 12984296 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 434535<br><sup>1</sup> <br>| Xeris Biopharma Holdings, Inc. | &nbsp;&nbsp; 4214989 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 171954<br><sup>1</sup> <br>| Zymeworks, Inc. | &nbsp;&nbsp; 3281742 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 272185560 |
|  | **Industrials—18.6%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 177222<br><sup>1</sup> <br>| Allegiant Travel Co. | &nbsp;&nbsp; 11019664 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 154704<br><sup>1</sup> <br>| Amprius Technologies, Inc. | &nbsp;&nbsp; 2179779 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 420209<br><sup>1</sup> <br>| Array Technologies, Inc. | &nbsp;&nbsp; 3639010 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 72618 | Atkore, Inc. | &nbsp;&nbsp; 5028796 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 76540 | Atmus Filtration Technologies, Inc. | &nbsp;&nbsp; 3481039 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 111290<br><sup>1</sup> <br>| Bloom Energy Corp. | &nbsp;&nbsp; 14708086 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 95146<br><sup>1</sup> <br>| Blue Bird Corp. | &nbsp;&nbsp; 4753494 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 329259<br><sup>1</sup> <br>| BrightView Holdings, Inc. | &nbsp;&nbsp; 4056471 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 47542<br><sup>1</sup> <br>| Concrete Pumping Holdings, Inc. | &nbsp;&nbsp; 303793 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 39235<br><sup>1</sup> <br>| Construction Partners, Inc. | &nbsp;&nbsp; 4486522 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 161576<br><sup>1</sup> <br>| CoreCivic, Inc. | &nbsp;&nbsp; 2994003 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19388 | Emcor Group, Inc. | &nbsp;&nbsp; 13102023 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 151031<br><sup>1</sup> <br>| Fluor Corp. | &nbsp;&nbsp; 7365782 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 224775<br><sup>1</sup> <br>| Forrester Research, Inc. | &nbsp;&nbsp; 1602646 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 126232<br><sup>1</sup> <br>| Franklin Covey Co. | &nbsp;&nbsp; 2143419 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 315004<br><sup>1</sup> <br>| Fuelcell Energy, Inc. | &nbsp;&nbsp; 2819286 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 177414<br><sup>1</sup> <br>| Geo Group, Inc. | &nbsp;&nbsp; 3010716 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 90970 | Granite Construction, Inc. | &nbsp;&nbsp; 9361723 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 55195 | Griffon Corp. | &nbsp;&nbsp; 4084982 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 270349<br><sup>1,2</sup> <br>| Hertz Global Holdings, Inc. | &nbsp;&nbsp; 1386890 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 67890<br><sup>1</sup> <br>| Hurco Co., Inc. | &nbsp;&nbsp; 1218625 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 53181<br><sup>1</sup> <br>| Huron Consulting Group, Inc. | &nbsp;&nbsp; 8745084 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 73268 | Hyster-Yale, Inc. | &nbsp;&nbsp; 2633252 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17122 | Insperity, Inc. | &nbsp;&nbsp; 755423 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 58920 | Interface, Inc. | &nbsp;&nbsp; 1467108 |
| &nbsp;&nbsp;&nbsp; 1576253<br><sup>1</sup> <br>| JELD-WEN Holding, Inc. | &nbsp;&nbsp; 6840938 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 59326<br><sup>1</sup> <br>| Kratos Defense & Security Solutions | &nbsp;&nbsp; 5374936 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 167657<br><sup>1</sup> <br>| Leonardo DRS, Inc. | &nbsp;&nbsp; 6129540 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 99739<br><sup>1</sup> <br>| Manitowoc, Inc. | &nbsp;&nbsp; 1014346 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 515285<br><sup>1</sup> <br>| Mistras Group, Inc. | &nbsp;&nbsp; 4915819 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7042 | MOOG, Inc., Class A | &nbsp;&nbsp; 1442554 |

---

**4**

------

---

| | | |
|:---|:---|:---|
| **Shares** |  | **Value** |
|  | COMMON STOCKS—continued |  |
|  | **Industrials—continued** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 61335<br><sup>1</sup> <br>| MRC Global, Inc. | &nbsp;&nbsp; $855623 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 553870 | Mueller Water Products, Inc. | &nbsp;&nbsp; 14212304 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 103069<br><sup>1</sup> <br>| NEXTracker, Inc. | &nbsp;&nbsp; 10432644 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 198396 | Pitney Bowes, Inc. | &nbsp;&nbsp; 1960152 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 50251<br><sup>2</sup> <br>| Powell Industries, Inc. | &nbsp;&nbsp; 19265731 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 199270 | Primoris Services Corp. | &nbsp;&nbsp; 28200690 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 397252<br><sup>1</sup> <br>| Resideo Technologies, Inc. | &nbsp;&nbsp; 17002386 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 196816 | REV Group, Inc. | &nbsp;&nbsp; 10090756 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 101804<br><sup>1</sup> <br>| Rocket Lab Corp. | &nbsp;&nbsp; 6411616 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 142595<br><sup>1</sup> <br>| Shoals Technologies Group, Inc. | &nbsp;&nbsp; 1498673 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 91397<br><sup>1</sup> <br>| SkyWest, Inc. | &nbsp;&nbsp; 9183571 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18374<br><sup>1</sup> <br>| Sterling Infrastructure | &nbsp;&nbsp; 6943535 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7942 | Tennant Co. | &nbsp;&nbsp; 635360 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16707 | TriNet Group, Inc. | &nbsp;&nbsp; 1002420 |
| &nbsp;&nbsp;&nbsp; 1629042<br><sup>1,2</sup> <br>| TTEC Holdings, Inc. | &nbsp;&nbsp; 5685357 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 61142<br><sup>1</sup> <br>| V2X, Inc. | &nbsp;&nbsp; 3490597 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 253954 | Wabash National Corp. | &nbsp;&nbsp; 2036711 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 280973875 |
|  | **Information Technology—16.7%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 489718<br><sup>1</sup> <br>| 8x8, Inc. | &nbsp;&nbsp; 901081 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 594117 | Adtran Holdings, Inc. | &nbsp;&nbsp; 6190699 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13023 | Advanced Energy Industries, Inc. | &nbsp;&nbsp; 2640153 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 138613<br><sup>1,2</sup> <br>| Applied Digital Corp. | &nbsp;&nbsp; 4804326 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 144057<br><sup>1</sup> <br>| Arteris, Inc. | &nbsp;&nbsp; 1960616 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 236481<br><sup>1</sup> <br>| Asana, Inc. | &nbsp;&nbsp; 3322558 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 47789<br><sup>1</sup> <br>| ASGN, Inc. | &nbsp;&nbsp; 2139036 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 351670<br><sup>1</sup> <br>| AvePoint, Inc. | &nbsp;&nbsp; 4947997 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 120823<br><sup>1</sup> <br>| Axcelis Technologies, Inc. | &nbsp;&nbsp; 9612678 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29130<br><sup>1</sup> <br>| Bitdeer Technologies Group | &nbsp;&nbsp; 646686 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 106941<br><sup>1</sup> <br>| Blackline, Inc. | &nbsp;&nbsp; 6122372 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 94718<br><sup>1</sup> <br>| Box, Inc. | &nbsp;&nbsp; 3039501 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 103360<br><sup>1</sup> <br>| Calix, Inc. | &nbsp;&nbsp; 7071891 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 259514<br><sup>1</sup> <br>| Cerence, Inc. | &nbsp;&nbsp; 2784585 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100808<br><sup>1</sup> <br>| Cipher Mining Technologies, Inc. | &nbsp;&nbsp; 1880069 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 129468<br><sup>1</sup> <br>| Cleanspark, Inc. | &nbsp;&nbsp; 2304530 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 77925 | Clear Secure, Inc. | &nbsp;&nbsp; 2374375 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35985<br><sup>1</sup> <br>| Commvault Systems, Inc. | &nbsp;&nbsp; 5009832 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 138459<br><sup>1</sup> <br>| Credo Technology Group Holding Ltd. | &nbsp;&nbsp; 25977677 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 53550<br><sup>1</sup> <br>| Digi International, Inc. | &nbsp;&nbsp; 1964214 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 120595<br><sup>1,2</sup> <br>| D-Wave Quantum, Inc. | &nbsp;&nbsp; 4469251 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 121755<br><sup>1</sup> <br>| Evolv Technologies Holdings, Inc. | &nbsp;&nbsp; 942384 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 354781<br><sup>1</sup> <br>| Extreme Networks, Inc. | &nbsp;&nbsp; 6747935 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 307847<br><sup>1</sup> <br>| Freshworks, Inc. | &nbsp;&nbsp; 3417102 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24080<br><sup>1</sup> <br>| Hut 8 Mining Corp. | &nbsp;&nbsp; 1219893 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 39502<br><sup>2</sup> <br>| InterDigital, Inc. | &nbsp;&nbsp; 14298144 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 91437<br><sup>1</sup> <br>| IonQ, Inc. | &nbsp;&nbsp; 5703840 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 156159<br><sup>1,2</sup> <br>| Life360, Inc. | &nbsp;&nbsp; 15414455 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 282157<br><sup>1</sup> <br>| MaxLinear, Inc. | &nbsp;&nbsp; 4274678 |
| &nbsp;&nbsp;&nbsp; 1086159 | Methode Electronics, Inc., Class A | &nbsp;&nbsp; 7309850 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 128692 | Napco Security Technologies, Inc. | &nbsp;&nbsp; 5681752 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 68075<br><sup>1</sup> <br>| NetScout Systems, Inc. | &nbsp;&nbsp; 1892485 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 63879<br><sup>1</sup> <br>| nLight, Inc. | &nbsp;&nbsp; 2108646 |

---

**5**

------

---

| | | |
|:---|:---|:---|
| **Shares** |  | **Value** |
|  | COMMON STOCKS—continued |  |
|  | **Information Technology—continued** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 762021<br><sup>1</sup> <br>| ON24, Inc. | &nbsp;&nbsp; $4206356 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 389983<br><sup>1</sup> <br>| Pagaya Technologies Ltd. | &nbsp;&nbsp; 10486643 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 55911<br><sup>1</sup> <br>| Pagerduty, Inc. | &nbsp;&nbsp; 897931 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16778 | Power Integrations, Inc. | &nbsp;&nbsp; 702830 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28872<br><sup>1</sup> <br>| Q2 Holdings, Inc. | &nbsp;&nbsp; 1783135 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 69814<br><sup>1</sup> <br>| Qualys, Inc. | &nbsp;&nbsp; 8605274 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 630141<br><sup>1,2</sup> <br>| Rackspace Technology, Inc. | &nbsp;&nbsp; 1008226 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 67073<br><sup>1</sup> <br>| Rigetti Computing, Inc. | &nbsp;&nbsp; 2969322 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 61337<br><sup>1</sup> <br>| Riot Platforms | &nbsp;&nbsp; 1213246 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29562<br><sup>1</sup> <br>| Rogers Corp. | &nbsp;&nbsp; 2587857 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 312207<br><sup>1</sup> <br>| SkyWater Technology, Inc. | &nbsp;&nbsp; 5458939 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 918106<br><sup>1</sup> <br>| Sprinklr, Inc. | &nbsp;&nbsp; 7087778 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 449284<br><sup>1</sup> <br>| Sprout Social, Inc. | &nbsp;&nbsp; 4614147 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 95368<br><sup>1</sup> <br>| Tenable Holdings, Inc. | &nbsp;&nbsp; 2767579 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 59185<br><sup>1,2</sup> <br>| Terawulf, Inc. | &nbsp;&nbsp; 917367 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 686705<br><sup>1</sup> <br>| Unisys Corp. | &nbsp;&nbsp; 2451537 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 90593<br><sup>1</sup> <br>| Varonis Systems, Inc. | &nbsp;&nbsp; 3191591 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 64902<br><sup>1</sup> <br>| Viant Technology, Inc. | &nbsp;&nbsp; 576330 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 348575<br><sup>1</sup> <br>| ViaSat, Inc. | &nbsp;&nbsp; 13880256 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 174811<br><sup>1</sup> <br>| Weave Communications, Inc. | &nbsp;&nbsp; 1295349 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 801010<br><sup>1</sup> <br>| Yext, Inc. | &nbsp;&nbsp; 6784555 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 252661539 |
|  | **Materials—3.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 292743 | American Vanguard Corp. | &nbsp;&nbsp; 1308561 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 268527<br><sup>1</sup> <br>| Aspen Aerogels, Inc. | &nbsp;&nbsp; 2185810 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 67194<br><sup>1</sup> <br>| Clearwater Paper Corp. | &nbsp;&nbsp; 1185974 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 225607<br><sup>1</sup> <br>| Coeur Mining, Inc. | &nbsp;&nbsp; 3873672 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26922 | Commercial Metals Corp. | &nbsp;&nbsp; 1598090 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 179049 | Compass Minerals International, Inc. | &nbsp;&nbsp; 3104710 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 110959<br><sup>1,2</sup> <br>| Flotek Industries, Inc. | &nbsp;&nbsp; 1920700 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14221 | H.B. Fuller Co. | &nbsp;&nbsp; 815859 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 158381 | Mativ Holdings, Inc. | &nbsp;&nbsp; 1691509 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 242019<br><sup>1</sup> <br>| Perimeter Solutions, Inc. | &nbsp;&nbsp; 5689867 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 562586<br><sup>1</sup> <br>| SSR Mining, Inc. | &nbsp;&nbsp; 12691940 |
| &nbsp;&nbsp;&nbsp; 1098197 | SunCoke Energy, Inc. | &nbsp;&nbsp; 8796558 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 44863250 |
|  | **Real Estate—5.9%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 118489 | Alexander and Baldwin, Inc. | &nbsp;&nbsp; 1892269 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 650158 | American Healthcare REIT, Inc. | &nbsp;&nbsp; 29465161 |
| &nbsp;&nbsp;&nbsp; 2091705 | Brandywine Realty Trust | &nbsp;&nbsp; 7174548 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 46144 | COPT Defense Properties | &nbsp;&nbsp; 1299877 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 609000<br><sup>1</sup> <br>| Cushman & Wakefield PLC | &nbsp;&nbsp; 9561300 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 263431 | Essential Properties Realty Trust, Inc. | &nbsp;&nbsp; 7871318 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 143979<br><sup>2</sup> <br>| NetSTREIT Corp. | &nbsp;&nbsp; 2680889 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 547504 | Newmark Group, Inc. | &nbsp;&nbsp; 9761996 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 233827 | Outfront Media, Inc. | &nbsp;&nbsp; 4136400 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 195339<br><sup>1</sup> <br>| Real Brokerage, Inc./The | &nbsp;&nbsp; 726661 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 308259 | RMR Group, Inc./The | &nbsp;&nbsp; 4768767 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 93498 | SL Green Realty Corp. | &nbsp;&nbsp; 4801122 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 180246 | Tanger, Inc. | &nbsp;&nbsp; 5868810 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 90009118 |

---

**6**

------

---

| | | |
|:---|:---|:---|
| **Shares** |  | **Value** |
|  | COMMON STOCKS—continued |  |
|  | **Utilities—2.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 54072 | Avista Corp. | &nbsp;&nbsp; $2057440 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30036 | Black Hills Corp. | &nbsp;&nbsp; 1905183 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 137250 | Brookfield Infrastructure Corp. | &nbsp;&nbsp; 6218797 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 63712 | California Water Service Group | &nbsp;&nbsp; 2827539 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19823 | H2O America | &nbsp;&nbsp; 916814 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 62942 | Hawaiian Electric Industries, Inc. | &nbsp;&nbsp; 731386 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12880<br><sup>1</sup> <br>| Oklo, Inc. | &nbsp;&nbsp; 1710078 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33671 | ONE Gas, Inc. | &nbsp;&nbsp; 2700077 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 126726 | Otter Tail Corp. | &nbsp;&nbsp; 9785782 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 153077 | Portland General Electric Co. | &nbsp;&nbsp; 6992557 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35845653 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL COMMON STOCKS <br>(IDENTIFIED COST $1,131,227,857)<br>| &nbsp;&nbsp; 1499205366 |
|  | INVESTMENT COMPANY—7.2% |  |
| 109717498 | Federated Hermes Government Obligations Fund, Premier Shares, 4.03%<sup>3</sup> <br>(IDENTIFIED COST $109,717,498)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 109717498 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL INVESTMENT IN SECURITIES—106.2% <br>(IDENTIFIED COST $1,240,945,355)<br>| &nbsp;&nbsp; 1608922864 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; OTHER ASSETS AND LIABILITIES - NET—(6.2)%<sup>4</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; (94345164) |
|  | &nbsp;&nbsp;&nbsp;&nbsp; NET ASSETS—100% | &nbsp;&nbsp; $1514577700 |

---

An affiliated company is a company in which the Fund, alone or in combination with other Federated Hermes funds, has ownership of at least 5% of the voting shares. Transactions with the affiliated companies during the period ended October 31, 2025, were as follows:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Affiliated** | **Value as of** <br>**7/31/2025**<br>| **Purchases** <br>**at Cost**<br>| **Proceeds** <br>**from Sales**<br>| **Change in** <br>**Unrealized** <br>**Appreciation/** <br>**(Depreciation)**<br>| **Net** <br>**Realized Gain/** <br>**(Loss)**<br>| **Value as of** <br>**10/31/2025**<br>| **Shares** <br>**Held as of** <br>**10/31/2025**<br>| **Dividend** <br>**Income**<br>|
| **Consumer Staples:** |  |  |  |  |  |  |  |  |
| MGP Ingredients, Inc. | $15060938 | $7998249 | $(715087) | $(2332651) | $(653409) | $19358040 | &nbsp;&nbsp; 799919 | $— |
| **Health Care:** |  |  |  |  |  |  |  |  |
| EyePoint Pharmaceuticals, Inc. | $6096443 | $— | $(1268422) | $1177070 | $534594 | $6539685 | &nbsp;&nbsp; 499594 | $— |
| &nbsp;&nbsp;&nbsp;&nbsp; TOTAL OF AFFILIATED COMPANIES <br>TRANSACTIONS<br>| $21157381 | $7998249 | $(1983509) | $(1155581) | $(118815) | $25897725 | 1299513 | $— |

---

Transactions with affiliated investment companies, which are funds managed by the Adviser or an affiliate of the Adviser, during the period ended October 31, 2025, were as follows:

---

| | |
|:---|:---|
|  | **Federated** <br>**Hermes** <br>**Government** <br>**Obligations Fund,** <br>**Premier Shares\***<br>|
| Value as of 7/31/2025 | &nbsp;&nbsp; $51228116 |
| Purchases at Cost | &nbsp;&nbsp; $341008582 |
| Proceeds from Sales | &nbsp;&nbsp; $(282519200) |
| Change in Unrealized Appreciation/Depreciation | &nbsp;&nbsp; $— |
| Net Realized Gain/(Loss) | &nbsp;&nbsp; $— |
| Value as of 10/31/2025 | &nbsp;&nbsp; $109717498 |
| Shares Held as of 10/31/2025 | &nbsp;&nbsp; 109717498 |
| Dividend Income | &nbsp;&nbsp; $664044 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* *All or a portion of the balance/activity for the fund relates to cash collateral received on securities lending transactions.*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| 1 | *Non-income-producing security.* |
| 2 | *All or a portion of these securities are temporarily on loan to unaffiliated broker/dealers. As of October 31, 2025, securities subject to this type of arrangement* <br> *and related collateral were as follows:*<br>|

---

**7**

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Fair Value of** <br>**Securities Loaned**<br>| **Collateral** <br>**Received**<br>|
| $49224410 | &nbsp;&nbsp; $50679532 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

3 *7-day net yield.* <br> 4 *Assets, other than investments in securities, less liabilities.*

Note: The categories of investments are shown as a percentage of net assets at October 31, 2025.

**Investment Valuation** 

In calculating its net asset value (NAV), the Fund generally values investments as follows:

■ Equity securities listed on an exchange or traded through a regulated market system are valued at their last reported sale price or official closing price in their principal exchange or market.

■ Shares of other mutual funds or non-exchange-traded investment companies are valued based upon their reported NAVs, or NAV per share practical expedient, as applicable.

■ For securities that are fair valued in accordance with procedures established by and under the general supervision of Federated MDTA LLC (the "Adviser"), certain factors may be considered, such as: the last traded or purchase price of the security, information obtained by contacting the issuer or dealers, analysis of the issuer's financial statements or other available documents, fundamental analytical data, the nature and duration of restrictions on disposition, the movement of the market in which the security is normally traded, public trading in similar securities or derivative contracts of the issuer or comparable issuers, movement of a relevant index, or other factors including but not limited to industry changes and relevant government actions.

If any price, quotation, price evaluation or other pricing source is not readily available when the NAV is calculated, if the Fund cannot obtain price evaluations from a pricing service or from more than one dealer for an investment within a reasonable period of time as set forth in the Adviser's valuation policies and procedures for the Fund, or if information furnished by a pricing service, in the opinion of the Adviser's valuation committee ("Valuation Commitee"), is deemed not representative of the fair value of such security, the Fund uses the fair value of the investment determined in accordance with the procedures described below. There can be no assurance that the Fund could obtain the fair value assigned to an investment if it sold the investment at approximately the time at which the Fund determines its NAV per share, and the actual value obtained could be materially different.

**Fair Valuation and Significant Events Procedures** 

Pursuant to Rule 2a-5 under the Investment Company Act of 1940, the Fund's Board of Trustees (the "Trustees") has designated the Adviser as the Fund's valuation designee to perform any fair value determinations for securities and other assets held by the Fund. The Adviser is subject to the Trustees' oversight and certain reporting and other requirements intended to provide the Trustees the information needed to oversee the Adviser's fair value determinations.

The Adviser, acting through its Valuation Committee, is responsible for determining the fair value of investments for which market quotations are not readily available. The Valuation Committee is comprised of officers of the Adviser and certain of the Adviser's affiliated companies and determines fair value and oversees the calculation of the NAV. The Valuation Committee is also authorized to use pricing services to provide fair value evaluations of the current value of certain investments for purposes of calculating the NAV. The Valuation Committee employs various methods for reviewing third-party pricing-service evaluations including periodic reviews of third-party pricing services' policies, procedures and valuation methods (including key inputs, methods, models and assumptions), transactional back-testing, comparisons of evaluations of different pricing services, and review of price challenges by the Adviser based on recent market activity. In the event that market quotations and price evaluations are not available for an investment, the Valuation Committee determines the fair value of the investment in accordance with procedures adopted by the Adviser. The Trustees periodically review the fair valuations made by the Valuation Committee. The Trustees have also approved the Adviser's fair valuation and significant events procedures as part of the Fund's compliance program and will review any changes made to the procedures.

Factors considered by pricing services in evaluating an investment include the yields or prices of investments of comparable quality, coupon, maturity, call rights and other potential prepayments, terms and type, reported transactions, indications as to values from dealers and general market conditions. Some pricing services provide a single price evaluation reflecting the bid-side of the market for an investment (a "bid" evaluation). Other pricing services offer both bid evaluations and price evaluations indicative of a price between the prices bid and ask for the investment (a "mid" evaluation). The Fund normally uses bid evaluations for any U.S. Treasury and Agency securities, mortgage-backed securities and municipal securities. The Fund normally uses mid evaluations for any other types of fixed-income securities and any OTC derivative contracts. In the event that market quotations and price evaluations are not available for an investment, the fair value of the investment is determined in accordance with procedures adopted by the Adviser.

The Adviser has also adopted procedures requiring an investment to be priced at its fair value whenever the Valuation Committee determines that a significant event affecting the value of the investment has occurred between the time as of which the price of the investment would otherwise be determined and the time as of which the NAV is computed. An event is considered significant if there is both an affirmative expectation that the investment's value will change in response to the event and a reasonable basis for quantifying the resulting change in value. Examples of significant events that may occur after the close of the principal market on which a security is traded, or after the time of a price evaluation provided by a pricing service or a dealer, include:

■ With respect to securities traded principally in foreign markets, significant trends in U.S. equity markets or in the trading of foreign securities index futures contracts;

■ Political or other developments affecting the economy or markets in which an issuer conducts its operations or its securities are traded;

■ Announcements concerning matters such as acquisitions, recapitalizations, litigation developments, or a natural disaster affecting the issuer's operations or regulatory changes or market developments affecting the issuer's industry.

**8**

------

The Adviser has adopted procedures whereby the Valuation Committee uses a pricing service to provide factors to update the fair value of equity securities traded principally in foreign markets from the time of the close of their respective foreign stock exchanges to the pricing time of the Fund. For other significant events, the Fund may seek to obtain more current quotations or price evaluations from alternative pricing sources. If a reliable alternative pricing source is not available, the Valuation Committee will determine the fair value of the investment in accordance with the fair valuation procedures approved by the Adviser. The Trustees periodically review fair valuations made in response to significant events.

Various inputs are used in determining the value of the Fund's investments. These inputs are summarized in the three broad levels listed below:

Level 1—quoted prices in active markets for identical securities.

Level 2—other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.). Also includes securities valued at amortized cost.

Level 3—significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments).

The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

As of October 31, 2025, all investments of the Fund utilized Level 1 inputs in valuing the Fund's assets carried at fair value.

The following acronym(s) are used throughout this portfolio: <br> REIT —Real Estate Investment Trust

**9**

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Federated Hermes MDT Series

- **b. Investment Company Act file number:** 811-21904

- **c. CIK number of Registrant:** 0001363526

- **d. LEI of Registrant:** 254900ZW3CXBDK3XPE89

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

  - **Street Address 1:** Federated Hermes Funds

  - **City:** Warrendale

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** 15086-7561

  - **Telephone number:** 8003417400

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

- **a. Name of Series:** Federated Hermes MDT Small Cap Core Fund

- **b. EDGAR series identifier (if any):** S000012972

- **c. LEI of Series:** 25490062NLO34OST1059

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

- **a. Date of fiscal year-end:** 2026-07-31

- **b. Date as of which information is reported:** 2025-10-31

**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:** $1638551447.67

**Total Liabilities:** $56527401.02

**Net Assets:** $1582024046.65

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000035058 | 9.79%                | 1.60%                | 1.26%                |
| Class ID C000035059 | 9.69%                | 1.52%                | 1.20%                |
| Class ID C000035060 | 9.81%                | 1.59%                | 1.30%                |
| Class ID C000170839 | 9.80%                | 1.62%                | 1.26%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $21592999.69             | $111211590.75                              |
| Month 2  | $9924614.43              | $13530528.70                               |
| Month 3  | $22540067.40             | $-2194246.95                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Abercrombie & Fitch Co                | Abercrombie & Fitch Co                        | CUSIP: 002896207<br>LEI: 5493000J7LL72TOGT983 | Long             | EC               | CORP              | US        |     42574 | NS      | $3088743.70   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| CNX Resources Corp                    | CNX Resources Corp                            | CUSIP: 12653C108<br>LEI: 549300JK3KH8PWM3B226 | Long             | EC               | CORP              | US        |    289869 | NS      | $9756990.54   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Terawulf Inc                          | Terawulf Inc                                  | CUSIP: 88080T104<br>LEI: 254900CVMW1SX2T78A64 | Long             | EC               | CORP              | US        |     59185 | NS      | $917367.50    | 0.06%             |  |  |  | No            |                  1 | On Loan: —       |
| Capri Holdings Ltd                    | Capri Holdings Ltd                            | CUSIP: 000000000<br>LEI: 549300LPG8W0H1OX3A26 | Long             | EC               | CORP              | VG        |    313526 | NS      | $6505664.50   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Oklo Inc                              | Oklo Inc                                      | CUSIP: 02156V109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12880 | NS      | $1710077.60   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Arcutis Biotherapeutics Inc           | Arcutis Biotherapeutics Inc                   | CUSIP: 03969K108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    383457 | NS      | $9705296.67   | 0.61%             |  |  |  | No            |                  1 | On Loan: —       |
| Bridgebio Pharma Inc                  | Bridgebio Pharma Inc                          | CUSIP: 10806X102<br>LEI: 54930028YG89VTY2J114 | Long             | EC               | CORP              | US        |    163560 | NS      | $10245398.40  | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| BrightView Holdings Inc               | BrightView Holdings Inc                       | CUSIP: 10948C107<br>LEI: 549300F8QN8YHVI7L866 | Long             | EC               | CORP              | US        |    329259 | NS      | $4056470.88   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| BrightSpire Capital Inc               | BrightSpire Capital Inc                       | CUSIP: 10949T109<br>LEI: 549300BOIFLLMVU37752 | Long             | EC               | CORP              | US        |   1182520 | NS      | $6101803.20   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Bumble Inc                            | Bumble Inc                                    | CUSIP: 12047B105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    691974 | NS      | $3840455.70   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Comstock Resources Inc                | Comstock Resources Inc                        | CUSIP: 205768302<br>LEI: I03QQGEA4SS774AURI46 | Long             | EC               | CORP              | US        |    263392 | NS      | $4938600.00   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Extreme Networks Inc                  | Extreme Networks Inc                          | CUSIP: 30226D106<br>LEI: 549300WRECW11X94UB57 | Long             | EC               | CORP              | US        |    379070 | NS      | $7209911.40   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Flywire Corp                          | Flywire Corp                                  | CUSIP: 302492103<br>LEI: 54930055DSV7NNY4VY66 | Long             | EC               | CORP              | US        |     81071 | NS      | $1079865.72   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Forrester Research Inc                | Forrester Research Inc                        | CUSIP: 346563109<br>LEI: 549300UUSFXYLJ80Z897 | Long             | EC               | CORP              | US        |    224775 | NS      | $1602645.75   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| HB Fuller Co                          | HB Fuller Co                                  | CUSIP: 359694106<br>LEI: JSMX3Z5FOYM8V0Q52357 | Long             | EC               | CORP              | US        |     14221 | NS      | $815858.77    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Garrett Motion Inc                    | Garrett Motion Inc                            | CUSIP: 366505105<br>LEI: 549300LS5WT7EMBNV724 | Long             | EC               | CORP              | US        |    293894 | NS      | $4978564.36   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| HCI Group Inc                         | HCI Group Inc                                 | CUSIP: 40416E103<br>LEI: 549300CZF7EZJH0MPH74 | Long             | EC               | CORP              | US        |     27755 | NS      | $5662297.55   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| IonQ Inc                              | IonQ Inc                                      | CUSIP: 46222L108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    133099 | NS      | $8302715.62   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| LendingClub Corp                      | LendingClub Corp                              | CUSIP: 52603A208<br>LEI: 549300YC50YO7Y1OJR92 | Long             | EC               | CORP              | US        |    360820 | NS      | $6274659.80   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Madrigal Pharmaceuticals Inc          | Madrigal Pharmaceuticals Inc                  | CUSIP: 558868105<br>LEI: 549300CHIMT2EUSNJB60 | Long             | EC               | CORP              | US        |      3308 | NS      | $1385721.20   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmark Group Inc                     | Newmark Group Inc                             | CUSIP: 65158N102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    547504 | NS      | $9761996.32   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXTracker Inc                        | NEXTracker Inc                                | CUSIP: 65290E101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    103069 | NS      | $10432644.18  | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Payoneer Global Inc                   | Payoneer Global Inc                           | CUSIP: 70451X104<br>LEI: 984500491C64C70FF033 | Long             | EC               | CORP              | US        |    128369 | NS      | $743256.51    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Peabody Energy Corp                   | Peabody Energy Corp                           | CUSIP: 704551100<br>LEI: EJCO258LNNVSKAR2JX59 | Long             | EC               | CORP              | US        |    211054 | NS      | $5787100.68   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| REV Group Inc                         | REV Group Inc                                 | CUSIP: 749527107<br>LEI: 549300SRD0SIG5ZZ3X20 | Long             | EC               | CORP              | US        |    239059 | NS      | $12256554.93  | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Real Brokerage Inc/The                | Real Brokerage Inc/The                        | CUSIP: 75585H206<br>LEI: 254900X7DGVQ8SUIC387 | Long             | EC               | CORP              | CA        |    195339 | NS      | $726661.08    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Rogers Corp                           | Rogers Corp                                   | CUSIP: 775133101<br>LEI: PW0CN80KNFR7RUOOKJ84 | Long             | EC               | CORP              | US        |     29562 | NS      | $2587857.48   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| SSR Mining Inc                        | SSR Mining Inc                                | CUSIP: 784730103<br>LEI: 549300JD2KR7AB9DYJ38 | Long             | EC               | CORP              | CA        |    582209 | NS      | $13134635.04  | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Sprouts Farmers Market Inc            | Sprouts Farmers Market Inc                    | CUSIP: 85208M102<br>LEI: 529900P8F4G77Q52XE24 | Long             | EC               | CORP              | US        |     17505 | NS      | $1382194.80   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Turning Point Brands Inc              | Turning Point Brands Inc                      | CUSIP: 90041L105<br>LEI: 549300IYG00QF0VVP302 | Long             | EC               | CORP              | US        |     48852 | NS      | $4391794.80   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Udemy Inc                             | Udemy Inc                                     | CUSIP: 902685106<br>LEI: 2549000T304QU9SAM180 | Long             | EC               | CORP              | US        |    864918 | NS      | $4925708.01   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Wolverine World Wide Inc              | Wolverine World Wide Inc                      | CUSIP: 978097103<br>LEI: 549300OVC7PK14LQ8D87 | Long             | EC               | CORP              | US        |    253646 | NS      | $5757764.20   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| LendingTree Inc                       | LendingTree Inc                               | CUSIP: 52603B107<br>LEI: 549300ISY5YHUJZTON08 | Long             | EC               | CORP              | US        |     94754 | NS      | $6064256.00   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Federated Government Obligations Fund | Federated Hermes Government Obligations Fund  | CUSIP: 608919718<br>LEI: 254900VAJ9169N7JRF45 | Long             | STIV             | RF                | US        |  59037966 | NS      | $59037966.49  | 3.73%             |  |  |  | No            |                  1 | On Loan: No      |
| ASGN Inc                              | ASGN Inc                                      | CUSIP: 00191U102<br>LEI: LZBNYYCBUKY537072438 | Long             | EC               | CORP              | US        |     47789 | NS      | $2139035.64   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Alignment Healthcare Inc              | Alignment Healthcare Inc                      | CUSIP: 01625V104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    251466 | NS      | $4239716.76   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Allegiant Travel Co                   | Allegiant Travel Co                           | CUSIP: 01748X102<br>LEI: 549300JM9OZXOHWL2K18 | Long             | EC               | CORP              | US        |    177222 | NS      | $11019663.96  | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Amalgamated Financial Corp            | Amalgamated Financial Corp                    | CUSIP: 022671101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    206922 | NS      | $5640693.72   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| American Vanguard Corp                | American Vanguard Corp                        | CUSIP: 030371108<br>LEI: 529900GWI78WZA5M9783 | Long             | EC               | CORP              | US        |    292743 | NS      | $1308561.21   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Amprius Technologies Inc              | Amprius Technologies Inc                      | CUSIP: 03214Q108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    154704 | NS      | $2179779.36   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Digital Corp                  | Applied Digital Corp                          | CUSIP: 038169207<br>LEI: 2549004NE2B6RYXINZ02 | Long             | EC               | CORP              | US        |    138613 | NS      | $4804326.58   | 0.30%             |  |  |  | No            |                  1 | On Loan: —       |
| Atmus Filtration Technologies         | Atmus Filtration Technologies Inc             | CUSIP: 04956D107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     76540 | NS      | $3481039.20   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| BioCryst Pharmaceuticals Inc          | BioCryst Pharmaceuticals Inc                  | CUSIP: 09058V103<br>LEI: 549300Z0INP1Z5NP6J59 | Long             | EC               | CORP              | US        |    110647 | NS      | $809936.04    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Black Hills Corp                      | Black Hills Corp                              | CUSIP: 092113109<br>LEI: 3MGELCRSTNSAMJ962671 | Long             | EC               | CORP              | US        |     30036 | NS      | $1905183.48   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Bloom Energy Corp                     | Bloom Energy Corp                             | CUSIP: 093712107<br>LEI: 549300XB5J9BFW5JXV97 | Long             | EC               | CORP              | US        |    111290 | NS      | $14708086.40  | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Caleres Inc                           | Caleres Inc                                   | CUSIP: 129500104<br>LEI: JFU6RQQJ8Z1CPOLBXQ18 | Long             | EC               | CORP              | US        |    420909 | NS      | $4646835.36   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| California Water Service Group        | California Water Service Group                | CUSIP: 130788102<br>LEI: 529900QABDOBU6UVRQ36 | Long             | EC               | CORP              | US        |     63712 | NS      | $2827538.56   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Cerence Inc                           | Cerence Inc                                   | CUSIP: 156727109<br>LEI: 5493002WL2W5WMS89568 | Long             | EC               | CORP              | US        |    259514 | NS      | $2784585.22   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Coursera Inc                          | Coursera Inc                                  | CUSIP: 22266M104<br>LEI: 984500573CA1QB7DAC30 | Long             | EC               | CORP              | US        |    632820 | NS      | $5328344.40   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| European Wax Center Inc               | European Wax Center Inc                       | CUSIP: 29882P106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    496355 | NS      | $1935784.50   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Financial Institutions Inc            | Financial Institutions Inc                    | CUSIP: 317585404<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     52603 | NS      | $1495503.29   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Flotek Industries Inc                 | Flotek Industries Inc                         | CUSIP: 343389409<br>LEI: 549300TF60OEK4FPPC44 | Long             | EC               | CORP              | US        |    110959 | NS      | $1920700.29   | 0.12%             |  |  |  | No            |                  1 | On Loan: —       |
| 4D Molecular Therapeutics Inc         | 4D Molecular Therapeutics Inc                 | CUSIP: 35104E100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    849201 | NS      | $9765811.50   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Granite Construction Inc              | Granite Construction Inc                      | CUSIP: 387328107<br>LEI: 549300OM4BWMCIXVCZ39 | Long             | EC               | CORP              | US        |     90970 | NS      | $9361722.70   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Hain Celestial Group Inc/The          | Hain Celestial Group Inc/The                  | CUSIP: 405217100<br>LEI: 5493000S8QXWHLIXDP75 | Long             | EC               | CORP              | US        |    699398 | NS      | $811301.68    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Insmed Inc                            | Insmed Inc                                    | CUSIP: 457669307<br>LEI: 529900Q55QAG41CCAC11 | Long             | EC               | CORP              | US        |     50456 | NS      | $9566457.60   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| nLight Inc                            | nLight Inc                                    | CUSIP: 65487K100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     63879 | NS      | $2108645.79   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Oceaneering International Inc         | Oceaneering International Inc                 | CUSIP: 675232102<br>LEI: 549300L6PH74701W0R30 | Long             | EC               | CORP              | US        |     28483 | NS      | $663369.07    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Outfront Media Inc                    | Outfront Media Inc                            | CUSIP: 69007J304<br>LEI: 549300RZWDYU5722I639 | Long             | EC               | CORP              | US        |    233827 | NS      | $4136399.63   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| PagerDuty Inc                         | PagerDuty Inc                                 | CUSIP: 69553P100<br>LEI: 549300U1SB749EDAGH21 | Long             | EC               | CORP              | US        |     55911 | NS      | $897930.66    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Palomar Holdings Inc                  | Palomar Holdings Inc                          | CUSIP: 69753M105<br>LEI: 549300DOI1MUW11BLX74 | Long             | EC               | CORP              | US        |     66248 | NS      | $7552934.48   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Peapack-Gladstone Financial Co        | Peapack Gladstone Financial Corp              | CUSIP: 704699107<br>LEI: 549300G8DN2UK8K0ET30 | Long             | EC               | CORP              | US        |     39120 | NS      | $989736.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Portland General Electric Co          | Portland General Electric Co                  | CUSIP: 736508847<br>LEI: GJOUP9M7C39GLSK9R870 | Long             | EC               | CORP              | US        |    153077 | NS      | $6992557.36   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Qualys Inc                            | Qualys Inc                                    | CUSIP: 74758T303<br>LEI: 549300EMBXYOW9W1XA17 | Long             | EC               | CORP              | US        |     69814 | NS      | $8605273.64   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Rackspace Technology Inc              | Rackspace Technology Inc                      | CUSIP: 750102105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    630141 | NS      | $1008225.60   | 0.06%             |  |  |  | No            |                  1 | On Loan: —       |
| Rigetti Computing Inc                 | Rigetti Computing Inc                         | CUSIP: 76655K103<br>LEI: 52990024JHY459DH8W71 | Long             | EC               | CORP              | US        |     67073 | NS      | $2969321.71   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| RxSight Inc                           | RxSight Inc                                   | CUSIP: 78349D107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    168829 | NS      | $1484006.91   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| H2O America                           | SJW Group                                     | CUSIP: 784305104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19823 | NS      | $916813.75    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| SL Green Realty Corp                  | SL Green Realty Corp                          | CUSIP: 78440X887<br>LEI: 549300VQZPJU97H3GT17 | Long             | EC               | CORP              | US        |     93498 | NS      | $4801122.30   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| SkyWater Technology Inc               | SkyWater Technology Inc                       | CUSIP: 83089J108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    312207 | NS      | $5458939.40   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Sprout Social Inc                     | Sprout Social Inc                             | CUSIP: 85209W109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    449284 | NS      | $4614146.68   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Tactile Systems Technology Inc        | Tactile Systems Technology Inc                | CUSIP: 87357P100<br>LEI: 54930069VDTITHOTKJ98 | Long             | EC               | CORP              | US        |    385943 | NS      | $5816161.01   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| ThredUp Inc                           | ThredUp Inc                                   | CUSIP: 88556E102<br>LEI: 549300JKGKTKX3L3XK25 | Long             | EC               | CORP              | US        |    503969 | NS      | $4429887.51   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| TriNet Group Inc                      | TriNet Group Inc                              | CUSIP: 896288107<br>LEI: 5299003FJVBETSFKE990 | Long             | EC               | CORP              | US        |     16707 | NS      | $1002420.00   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| TTEC Holdings Inc                     | TTEC Holdings Inc                             | CUSIP: 89854H102<br>LEI: GTJS1N8S8I28A7L4WG97 | Long             | EC               | CORP              | US        |   1629042 | NS      | $5685356.58   | 0.36%             |  |  |  | No            |                  1 | On Loan: —       |
| Unisys Corp                           | Unisys Corp                                   | CUSIP: 909214306<br>LEI: 549300T21W22FIJJOW08 | Long             | EC               | CORP              | US        |    686705 | NS      | $2451536.85   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| United Natural Foods Inc              | United Natural Foods Inc                      | CUSIP: 911163103<br>LEI: 549300GKGW6WPZ282D40 | Long             | EC               | CORP              | US        |     43064 | NS      | $1621359.60   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Technical Institute         | Universal Technical Institute Inc             | CUSIP: 913915104<br>LEI: 2549003YOJGAZ0PVFV48 | Long             | EC               | CORP              | US        |     83881 | NS      | $2492943.32   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Varex Imaging Corp                    | Varex Imaging Corp                            | CUSIP: 92214X106<br>LEI: 549300CWYWPVCT8E9W67 | Long             | EC               | CORP              | US        |    180110 | NS      | $2105485.90   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Viasat Inc                            | Viasat Inc                                    | CUSIP: 92552V100<br>LEI: UFC8NYMNFSYIHNSM2I38 | Long             | EC               | CORP              | US        |    348575 | NS      | $13880256.50  | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Yext Inc                              | Yext Inc                                      | CUSIP: 98585N106<br>LEI: 5299008ZQSBBVH7K0589 | Long             | EC               | CORP              | US        |    801010 | NS      | $6784554.70   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Hamilton Insurance Group Ltd          | Hamilton Insurance Group Ltd                  | CUSIP: 000000000<br>LEI: 549300W92BN1FIEXG871 | Long             | EC               | CORP              | BM        |    473729 | NS      | $11213165.43  | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Nabors Industries Ltd                 | Nabors Industries Ltd                         | CUSIP: 000000000<br>LEI: 5493008TXYN3II3PU369 | Long             | EC               | CORP              | BM        |     24664 | NS      | $1196697.28   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Seadrill Ltd                          | Seadrill Ltd                                  | CUSIP: 000000000<br>LEI: 213800EQ6L456U2JCO89 | Long             | EC               | CORP              | BM        |     50692 | NS      | $1599839.52   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Valaris Ltd                           | Valaris Ltd                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |     26901 | NS      | $1509684.12   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Super Group SGHC Ltd                  | Super Group SGHC Ltd                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | GG        |    265197 | NS      | $2864127.60   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| StoneCo Ltd                           | StoneCo Ltd                                   | CUSIP: 000000000<br>LEI: 549300O1A9LEF0XZCR35 | Long             | EC               | CORP              | KY        |    265681 | NS      | $5050595.81   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Ardmore Shipping Corp                 | Ardmore Shipping Corp                         | CUSIP: 000000000<br>LEI: 549300J8HD7K6BHD8O28 | Long             | EC               | CORP              | MH        |    245160 | NS      | $3086564.40   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Advance Auto Parts Inc                | Advance Auto Parts Inc                        | CUSIP: 00751Y106<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | EC               | CORP              | US        |    146260 | NS      | $6893233.80   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Arteris Inc                           | Arteris Inc                                   | CUSIP: 04302A104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    144057 | NS      | $1960615.77   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Axsome Therapeutics Inc               | Axsome Therapeutics Inc                       | CUSIP: 05464T104<br>LEI: 549300EXGR0XLRJEIB95 | Long             | EC               | CORP              | US        |     36223 | NS      | $4889742.77   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Brandywine Realty Trust               | Brandywine Realty Trust                       | CUSIP: 105368203<br>LEI: 5UZ46ZCYUFYYAC0DS831 | Long             | EC               | CORP              | US        |   2219897 | NS      | $7614246.71   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| BrightSpring Health Services I        | BrightSpring Health Services Inc              | CUSIP: 10950A106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    257997 | NS      | $8526800.85   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Brinker International Inc             | Brinker International Inc                     | CUSIP: 109641100<br>LEI: 52990067JY6PBGJNTG76 | Long             | EC               | CORP              | US        |     29307 | NS      | $3184498.62   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Cal-Maine Foods Inc                   | Cal-Maine Foods Inc                           | CUSIP: 128030202<br>LEI: 549300NHE5WMIEIEMF53 | Long             | EC               | CORP              | US        |     27869 | NS      | $2446898.20   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Cinemark Holdings Inc                 | Cinemark Holdings Inc                         | CUSIP: 17243V102<br>LEI: 549300LL2QMPTYIE0K55 | Long             | EC               | CORP              | US        |    135484 | NS      | $3659422.84   | 0.23%             |  |  |  | No            |                  1 | On Loan: —       |
| Clear Secure Inc                      | Clear Secure Inc                              | CUSIP: 18467V109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     77925 | NS      | $2374374.75   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Clearwater Paper Corp                 | Clearwater Paper Corp                         | CUSIP: 18538R103<br>LEI: 549300HCVV19GXN4P292 | Long             | EC               | CORP              | US        |     67194 | NS      | $1185974.10   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Commercial Metals Co                  | Commercial Metals Co                          | CUSIP: 201723103<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | EC               | CORP              | US        |     26922 | NS      | $1598089.92   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Commvault Systems Inc                 | CommVault Systems Inc                         | CUSIP: 204166102<br>LEI: 65T5VRP62VXG39YFML83 | Long             | EC               | CORP              | US        |     35985 | NS      | $5009831.70   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Construction Partners Inc             | Construction Partners Inc                     | CUSIP: 21044C107<br>LEI: 549300MHLFL4E8JLZU44 | Long             | EC               | CORP              | US        |     44204 | NS      | $5054727.40   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| DMC Global Inc                        | DMC Global Inc                                | CUSIP: 23291C103<br>LEI: 549300CBDXD1Z5MRNG02 | Long             | EC               | CORP              | US        |    348129 | NS      | $2805919.74   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Emergent BioSolutions Inc             | Emergent BioSolutions Inc                     | CUSIP: 29089Q105<br>LEI: 549300YW6TUOX8BE5103 | Long             | EC               | CORP              | US        |    351073 | NS      | $4381391.04   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Essential Properties Realty Tr        | Essential Properties Realty Trust Inc         | CUSIP: 29670E107<br>LEI: 2549009LXQLVYCGLZO50 | Long             | EC               | CORP              | US        |    263431 | NS      | $7871318.28   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| EyePoint Pharmaceuticals Inc          | EyePoint Pharmaceuticals Inc                  | CUSIP: 30233G209<br>LEI: 549300QE1RU34T50MR69 | Long             | EC               | CORP              | US        |    499594 | NS      | $6539685.46   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Array Technologies Inc                | Array Technologies Inc                        | CUSIP: 04271T100<br>LEI: 549300JM5FECYJQ85V37 | Long             | EC               | CORP              | US        |    420209 | NS      | $3639009.94   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Artisan Partners Asset Managem        | Artisan Partners Asset Management Inc         | CUSIP: 04316A108<br>LEI: 549300T1FUI6JF63XU51 | Long             | EC               | CORP              | US        |    265252 | NS      | $11580902.32  | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Arvinas Inc                           | Arvinas Inc                                   | CUSIP: 04335A105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    387350 | NS      | $3927729.00   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Biomea Fusion Inc                     | Biomea Fusion Inc                             | CUSIP: 09077A106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    413054 | NS      | $561753.44    | 0.04%             |  |  |  | No            |                  1 | On Loan: —       |
| Cogent Biosciences Inc                | Cogent Biosciences Inc                        | CUSIP: 19240Q201<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    290899 | NS      | $4741653.70   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Digi International Inc                | Digi International Inc                        | CUSIP: 253798102<br>LEI: 529900KG656HGROI4N27 | Long             | EC               | CORP              | US        |     53550 | NS      | $1964214.00   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| EVgo Inc                              | EVgo Inc                                      | CUSIP: 30052F100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    826108 | NS      | $3395303.88   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Hawaiian Electric Industries I        | Hawaiian Electric Industries Inc              | CUSIP: 419870100<br>LEI: JJ8FWOCWCV22X7GUPJ23 | Long             | EC               | CORP              | US        |     62942 | NS      | $731386.04    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| HomeTrust Bancshares Inc              | HomeTrust Bancshares Inc                      | CUSIP: 437872104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     31294 | NS      | $1230167.14   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Nu Skin Enterprises Inc               | Nu Skin Enterprises Inc                       | CUSIP: 67018T105<br>LEI: 54930050DETB6CP71D38 | Long             | EC               | CORP              | US        |    117568 | NS      | $1260328.96   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Zymeworks Inc                         | Zymeworks Inc                                 | CUSIP: 98985Y108<br>LEI: 894500AHOYAGYLYZJL67 | Long             | EC               | CORP              | US        |    171954 | NS      | $3281742.09   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of NT Butterfield & Son L        | Bank of NT Butterfield & Son Ltd/The          | CUSIP: 000000000<br>LEI: 549300V8RVM0EMTDPF28 | Long             | EC               | CORP              | BM        |    160092 | NS      | $7405855.92   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Cushman & Wakefield PLC               | Cushman & Wakefield PLC                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | GB        |    609000 | NS      | $9561300.00   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| First Business Financial Servi        | First Business Financial Services Inc         | CUSIP: 319390100<br>LEI: 549300BXKLW2T50TKU95 | Long             | EC               | CORP              | US        |     35085 | NS      | $1775651.85   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Fluor Corp                            | Fluor Corp                                    | CUSIP: 343412102<br>LEI: CQ7WZ4NOFWT7FAE6Q943 | Long             | EC               | CORP              | US        |    151031 | NS      | $7365781.87   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| American Healthcare REIT Inc          | American Healthcare REIT Inc                  | CUSIP: 398182303<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    650158 | NS      | $29465160.56  | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Griffon Corp                          | Griffon Corp                                  | CUSIP: 398433102<br>LEI: 5493000C2SGNC7ZN3242 | Long             | EC               | CORP              | US        |     55195 | NS      | $4084981.95   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Huron Consulting Group Inc            | Huron Consulting Group Inc                    | CUSIP: 447462102<br>LEI: 549300NGVB9H6TKTLE36 | Long             | EC               | CORP              | US        |     53181 | NS      | $8745083.64   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Inogen Inc                            | Inogen Inc                                    | CUSIP: 45780L104<br>LEI: 549300J8WJIVTOJ8IH97 | Long             | EC               | CORP              | US        |    371379 | NS      | $3060162.96   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Ironwood Pharmaceuticals Inc          | Ironwood Pharmaceuticals Inc                  | CUSIP: 46333X108<br>LEI: 549300PC8MR6QHH6P296 | Long             | EC               | CORP              | US        |   1286341 | NS      | $2469774.72   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Keros Therapeutics Inc                | Keros Therapeutics Inc                        | CUSIP: 492327101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    364437 | NS      | $5546731.14   | 0.35%             |  |  |  | No            |                  1 | On Loan: —       |
| Liquidia Corp                         | Liquidia Corp                                 | CUSIP: 53635D202<br>LEI: 549300O826O5VQJTG707 | Long             | EC               | CORP              | US        |    170202 | NS      | $4146120.72   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| MRC Global Inc                        | MRC Global Inc                                | CUSIP: 55345K103<br>LEI: 529900TSBPOLCLI2L582 | Long             | EC               | CORP              | US        |     61335 | NS      | $855623.25    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Sphere Entertainment Co               | Sphere Entertainment Co                       | CUSIP: 55826T102<br>LEI: 254900ZW4JWKYRZZ9A91 | Long             | EC               | CORP              | US        |     55012 | NS      | $3767221.76   | 0.24%             |  |  |  | No            |                  1 | On Loan: —       |
| Mercury General Corp                  | Mercury General Corp                          | CUSIP: 589400100<br>LEI: 5493001Q9EXPCEL4W527 | Long             | EC               | CORP              | US        |     47003 | NS      | $3633331.90   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Myriad Genetics Inc                   | Myriad Genetics Inc                           | CUSIP: 62855J104<br>LEI: 52990044IHUOUMETT163 | Long             | EC               | CORP              | US        |   1004639 | NS      | $8077297.56   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| NetScout Systems Inc                  | NetScout Systems Inc                          | CUSIP: 64115T104<br>LEI: 5493005HZXZ3SPNVCV76 | Long             | EC               | CORP              | US        |     68075 | NS      | $1892485.00   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Omnicell Inc                          | Omnicell Inc                                  | CUSIP: 68213N109<br>LEI: 5493008RH0GTKHHPZI77 | Long             | EC               | CORP              | US        |    288264 | NS      | $9677022.48   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Primoris Services Corp                | Primoris Services Corp                        | CUSIP: 74164F103<br>LEI: 549300UF3OLBJ8D5K349 | Long             | EC               | CORP              | US        |    202445 | NS      | $28650016.40  | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| AMN Healthcare Services Inc           | AMN Healthcare Services Inc                   | CUSIP: 001744101<br>LEI: 529900W3ARRTCNFH2I39 | Long             | EC               | CORP              | US        |    453437 | NS      | $8928174.53   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| ADTRAN Holdings Inc                   | ADTRAN Holdings Inc                           | CUSIP: 00486H105<br>LEI: 549300VV36J86CRRWF77 | Long             | EC               | CORP              | US        |    594117 | NS      | $6190699.14   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Energy Industries Inc        | Advanced Energy Industries Inc                | CUSIP: 007973100<br>LEI: 549300756XI3QLFT2U27 | Long             | EC               | CORP              | US        |     13023 | NS      | $2640152.79   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| ADMA Biologics Inc                    | ADMA Biologics Inc                            | CUSIP: 000899104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    195071 | NS      | $3019699.08   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Byline Bancorp Inc                    | Byline Bancorp Inc                            | CUSIP: 124411109<br>LEI: 549300W7ODP4YL2H4823 | Long             | EC               | CORP              | US        |    439444 | NS      | $11750732.56  | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Alerus Financial Corp                 | Alerus Financial Corp                         | CUSIP: 01446U103<br>LEI: 5493008BXLBPPELQ3G57 | Long             | EC               | CORP              | US        |     44200 | NS      | $933504.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Alexander & Baldwin Inc               | Alexander & Baldwin Inc                       | CUSIP: 014491104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    118489 | NS      | $1892269.33   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| MGP Ingredients Inc                   | MGP Ingredients Inc                           | CUSIP: 55303J106<br>LEI: 2549006OMHFVZ4MS8538 | Long             | EC               | CORP              | US        |    814230 | NS      | $19704366.00  | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Mistras Group Inc                     | Mistras Group Inc                             | CUSIP: 60649T107<br>LEI: 5493000CMNXVLND3FU73 | Long             | EC               | CORP              | US        |    515285 | NS      | $4915818.90   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| SkyWest Inc                           | SkyWest Inc                                   | CUSIP: 830879102<br>LEI: 529900UYS2KGS6Z42P09 | Long             | EC               | CORP              | US        |     91397 | NS      | $9183570.56   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| SiriusPoint Ltd                       | SiriusPoint Ltd                               | CUSIP: 000000000<br>LEI: 549300OGXFI85N3YZZ51 | Long             | EC               | CORP              | BM        |    323674 | NS      | $5890866.80   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Aquestive Therapeutics Inc            | Aquestive Therapeutics Inc                    | CUSIP: 03843E104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1058272 | NS      | $7217415.04   | 0.46%             |  |  |  | No            |                  1 | On Loan: —       |
| Asana Inc                             | Asana Inc                                     | CUSIP: 04342Y104<br>LEI: 254900X7UAJNMLPLZ510 | Long             | EC               | CORP              | US        |    236481 | NS      | $3322558.05   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Aspen Aerogels Inc                    | Aspen Aerogels Inc                            | CUSIP: 04523Y105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    268527 | NS      | $2185809.78   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Atkore Inc                            | Atkore Inc                                    | CUSIP: 047649108<br>LEI: 52990002TI38AM4RPV48 | Long             | EC               | CORP              | US        |     72618 | NS      | $5028796.50   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Aveanna Healthcare Holdings Inc       | Aveanna Healthcare Holdings Inc               | CUSIP: 05356F105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     66163 | NS      | $598775.15    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| AvePoint Inc                          | AvePoint Inc                                  | CUSIP: 053604104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    383514 | NS      | $5396041.98   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Avista Corp                           | Avista Corp                                   | CUSIP: 05379B107<br>LEI: Q0IK63NITJD6RJ47SW96 | Long             | EC               | CORP              | US        |     54072 | NS      | $2057439.60   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Axcelis Technologies Inc              | Axcelis Technologies Inc                      | CUSIP: 054540208<br>LEI: 529900HF9B6NL1QG9F05 | Long             | EC               | CORP              | US        |    120823 | NS      | $9612677.88   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| BancFirst Corp                        | BancFirst Corp                                | CUSIP: 05945F103<br>LEI: 549300EJEHGBP4IO2J30 | Long             | EC               | CORP              | US        |      7753 | NS      | $843991.58    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| BankUnited Inc                        | BankUnited Inc                                | CUSIP: 06652K103<br>LEI: 96OVUWEW5D4YX6PFXD91 | Long             | EC               | CORP              | US        |    395021 | NS      | $15832441.68  | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| QCR Holdings Inc                      | QCR Holdings Inc                              | CUSIP: 74727A104<br>LEI: 549300MWKWM7KWJVQO33 | Long             | EC               | CORP              | US        |     95810 | NS      | $7127305.90   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Rocket Lab Corp                       | Rocket Lab Corp                               | CUSIP: 773121108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    101804 | NS      | $6411615.92   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackLine Inc                         | BlackLine Inc                                 | CUSIP: 09239B109<br>LEI: 529900P9N7PK9LV5EK56 | Long             | EC               | CORP              | US        |    106941 | NS      | $6122372.25   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Bloomin' Brands Inc                   | Bloomin' Brands Inc                           | CUSIP: 094235108<br>LEI: E1UJ2GO305B5FXGV7N04 | Long             | EC               | CORP              | US        |    634884 | NS      | $4336257.72   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| EW Scripps Co/The                     | EW Scripps Co/The                             | CUSIP: 811054402<br>LEI: 549300U1OW41QPKYW028 | Long             | EC               | CORP              | US        |    292427 | NS      | $710597.61    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| SIGA Technologies Inc                 | SIGA Technologies Inc                         | CUSIP: 826917106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    204168 | NS      | $1690511.04   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Blue Bird Corp                        | Blue Bird Corp                                | CUSIP: 095306106<br>LEI: 5493004ZXJUUWQ65ER59 | Long             | EC               | CORP              | US        |     95146 | NS      | $4753494.16   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Box Inc                               | Box Inc                                       | CUSIP: 10316T104<br>LEI: 549300KQUCPD8687YS68 | Long             | EC               | CORP              | US        |     94718 | NS      | $3039500.62   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| CNO Financial Group Inc               | CNO Financial Group Inc                       | CUSIP: 12621E103<br>LEI: 11XPYHB76MPM4Y4P2897 | Long             | EC               | CORP              | US        |    355839 | NS      | $14240676.78  | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Calix Inc                             | Calix Inc                                     | CUSIP: 13100M509<br>LEI: 5299002RQRZ4SXSCSJ58 | Long             | EC               | CORP              | US        |    103360 | NS      | $7071891.20   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Catalyst Pharmaceuticals Inc          | Catalyst Pharmaceuticals Inc                  | CUSIP: 14888U101<br>LEI: 5299004O0R5XXLA5H544 | Long             | EC               | CORP              | US        |    190402 | NS      | $4049850.54   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Cipher Mining Inc                     | Cipher Mining Inc                             | CUSIP: 17253J106<br>LEI: 254900QABG5HCQZ28A17 | Long             | EC               | CORP              | US        |    100808 | NS      | $1880069.20   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Coeur Mining Inc                      | Coeur Mining Inc                              | CUSIP: 192108504<br>LEI: 5493003AVK173D48DR70 | Long             | EC               | CORP              | US        |    225607 | NS      | $3873672.19   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| TruBridge Inc                         | Computer Programs and Systems Inc             | CUSIP: 205306103<br>LEI: 5493005Q6CJC78TGL805 | Long             | EC               | CORP              | US        |    245952 | NS      | $4727197.44   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Concrete Pumping Holdings Inc         | Concrete Pumping Holdings Inc                 | CUSIP: 206704108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     47542 | NS      | $303793.38    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CoreCivic Inc                         | CoreCivic Inc                                 | CUSIP: 21871N101<br>LEI: 529900JFA3K6PTLT8B15 | Long             | EC               | CORP              | US        |    161576 | NS      | $2994003.28   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| COPT Defense Properties               | Corporate Office Properties Trust             | CUSIP: 22002T108<br>LEI: YY1J47X6LF9TYY8JY420 | Long             | EC               | CORP              | US        |     46144 | NS      | $1299876.48   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Delek US Holdings Inc                 | Delek US Holdings Inc                         | CUSIP: 24665A103<br>LEI: 5493003O53JMENV1N385 | Long             | EC               | CORP              | US        |    118014 | NS      | $4456208.64   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| D-Wave Quantum Inc                    | D-Wave Quantum Inc                            | CUSIP: 26740W109<br>LEI: 5493001U37G4PRD4GW95 | Long             | EC               | CORP              | US        |    120595 | NS      | $4469250.70   | 0.28%             |  |  |  | No            |                  1 | On Loan: —       |
| 8x8 Inc                               | 8x8 Inc                                       | CUSIP: 282914100<br>LEI: 254900XWSOC5U1BRW939 | Long             | EC               | CORP              | US        |    489718 | NS      | $901081.12    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Stride Inc                            | Stride Inc                                    | CUSIP: 86333M108<br>LEI: 254900BRWS3AFONWU277 | Long             | EC               | CORP              | US        |      6665 | NS      | $453486.60    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| UMB Financial Corp                    | UMB Financial Corp                            | CUSIP: 902788108<br>LEI: 549300MGEH3N3CUCV828 | Long             | EC               | CORP              | US        |     33509 | NS      | $3581441.92   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Victoria's Secret & Co                | Victoria's Secret & Co                        | CUSIP: 926400102<br>LEI: 5493006T3O70U3UWVF17 | Long             | EC               | CORP              | US        |    128785 | NS      | $4539671.25   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Western New England Bancorp In        | Western New England Bancorp Inc               | CUSIP: 958892101<br>LEI: 549300Y8QE4EI2LP6B42 | Long             | EC               | CORP              | US        |    138739 | NS      | $1577462.43   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinetik Holdings Inc                  | Kinetik Holdings Inc                          | CUSIP: 02215L209<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     45530 | NS      | $1753360.30   | 0.11%             |  |  |  | No            |                  1 | On Loan: —       |
| Acadian Asset Management Inc          | Brightsphere Investment Group Inc             | CUSIP: 10948W103<br>LEI: 5493004FTLQNQTBOP608 | Long             | EC               | CORP              | US        |    184470 | NS      | $8873007.00   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| EMCOR Group Inc                       | EMCOR Group Inc                               | CUSIP: 29084Q100<br>LEI: 529900X0SQJB2J7YDU43 | Long             | EC               | CORP              | US        |     20082 | NS      | $13571013.96  | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Evolv Technologies Holdings Inc       | Evolv Technologies Holdings Inc               | CUSIP: 30049H102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    121755 | NS      | $942383.70    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Xeris Biopharma Holdings Inc          | Xeris Biopharma Holdings Inc                  | CUSIP: 98422E103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    434535 | NS      | $4214989.50   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Helen of Troy Ltd                     | Helen of Troy Ltd                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |    142979 | NS      | $2663698.77   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Prothena Corp PLC                     | Prothena Corp PLC                             | CUSIP: 000000000<br>LEI: 5299009ZXQ8NIIJ8OL30 | Long             | EC               | CORP              | IE        |    394352 | NS      | $4239284.00   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Adient PLC                            | Adient PLC                                    | CUSIP: 000000000<br>LEI: 5493002QLDY8O75RTR78 | Long             | EC               | CORP              | IE        |    358404 | NS      | $8311388.76   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Credo Technology Group Holding        | Credo Technology Group Holding Ltd            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    138459 | NS      | $25977677.58  | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookfield Infrastructure Corp        | Brookfield Infrastructure Corp                | CUSIP: 11276H106<br>LEI: 254900YTMKBFJAKUBO55 | Long             | EC               | CORP              | CA        |    147606 | NS      | $6688027.86   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Cleanspark Inc                        | Cleanspark Inc                                | CUSIP: 18452B209<br>LEI: 254900VO7KBRJQDGY810 | Long             | EC               | CORP              | US        |    129468 | NS      | $2304530.40   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| FB Financial Corp                     | FB Financial Corp                             | CUSIP: 30257X104<br>LEI: 5493000B2LD2C2A6C435 | Long             | EC               | CORP              | US        |    286072 | NS      | $15450748.72  | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin Covey Co                     | Franklin Covey Co                             | CUSIP: 353469109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    126232 | NS      | $2143419.36   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Compass Minerals International        | Compass Minerals International Inc            | CUSIP: 20451N101<br>LEI: 2549008X9G8XP7YJGC47 | Long             | EC               | CORP              | US        |    179049 | NS      | $3104709.66   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Customers Bancorp Inc                 | Customers Bancorp Inc                         | CUSIP: 23204G100<br>LEI: 549300WLBCHYKZ53FN68 | Long             | EC               | CORP              | US        |     73723 | NS      | $4948287.76   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Frontdoor Inc                         | Frontdoor Inc                                 | CUSIP: 35905A109<br>LEI: 5493008RB0JZJI3QGZ06 | Long             | EC               | CORP              | US        |    113904 | NS      | $7566642.72   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| FuelCell Energy Inc                   | FuelCell Energy Inc                           | CUSIP: 35952H700<br>LEI: 549300SRU8020X1X9J22 | Long             | EC               | CORP              | US        |    315004 | NS      | $2819285.80   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Fulton Financial Corp                 | Fulton Financial Corp                         | CUSIP: 360271100<br>LEI: 5493005QLZ6O1BNC0C11 | Long             | EC               | CORP              | US        |    120421 | NS      | $2091712.77   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| GEO Group Inc/The                     | GEO Group Inc/The                             | CUSIP: 36162J106<br>LEI: 54930024XOXET7NQVZ63 | Long             | EC               | CORP              | US        |    204667 | NS      | $3473198.99   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Green Plains Inc                      | Green Plains Inc                              | CUSIP: 393222104<br>LEI: VJ5WLTHARBSDR14KIZ98 | Long             | EC               | CORP              | US        |    680687 | NS      | $6997462.36   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Guardant Health Inc                   | Guardant Health Inc                           | CUSIP: 40131M109<br>LEI: 254900M8C3E5VC8BR186 | Long             | EC               | CORP              | US        |    170847 | NS      | $15892187.94  | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Halozyme Therapeutics Inc             | Halozyme Therapeutics Inc                     | CUSIP: 40637H109<br>LEI: 529900242I3SV9AGM753 | Long             | EC               | CORP              | US        |    124355 | NS      | $8106702.45   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Harmony Biosciences Holdings I        | Harmony Biosciences Holdings Inc              | CUSIP: 413197104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    145804 | NS      | $4165620.28   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Employers Holdings Inc                | Employers Holdings Inc                        | CUSIP: 292218104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     39038 | NS      | $1488518.94   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Haemonetics Corp                      | Haemonetics Corp                              | CUSIP: 405024100<br>LEI: 549300ZEL6TXZS6F5F95 | Long             | EC               | CORP              | US        |     33398 | NS      | $1670233.98   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Hut 8 Corp                            | Hut 8 Corp                                    | CUSIP: 44812J104<br>LEI: 98450066FEF9C1D3FC20 | Long             | EC               | CORP              | US        |     24080 | NS      | $1219892.80   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| iRhythm Technologies Inc              | iRhythm Technologies Inc                      | CUSIP: 450056106<br>LEI: 549300FJI72RJGDQS384 | Long             | EC               | CORP              | US        |     44211 | NS      | $8280720.30   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Krystal Biotech Inc                   | Krystal Biotech Inc                           | CUSIP: 501147102<br>LEI: 549300YONUY68210OE41 | Long             | EC               | CORP              | US        |     12146 | NS      | $2398956.46   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| LeMaitre Vascular Inc                 | LeMaitre Vascular Inc                         | CUSIP: 525558201<br>LEI: 549300FZUBUB7MHY8R17 | Long             | EC               | CORP              | US        |     22982 | NS      | $1990471.02   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Life360 Inc                           | Life360 Inc                                   | CUSIP: 532206109<br>LEI: 254900VO9VDOQBQAHF07 | Long             | EC               | CORP              | US        |    156159 | NS      | $15414454.89  | 0.97%             |  |  |  | No            |                  1 | On Loan: —       |
| Methode Electronics Inc               | Methode Electronics Inc                       | CUSIP: 591520200<br>LEI: 529900VM413LGLUS3F07 | Long             | EC               | CORP              | US        |   1109375 | NS      | $7466093.75   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Moog Inc                              | Moog Inc                                      | CUSIP: 615394202<br>LEI: 549300WM2I4U7OBAHG07 | Long             | EC               | CORP              | US        |      7042 | NS      | $1442553.70   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Napco Security Technologies In        | Napco Security Technologies Inc               | CUSIP: 630402105<br>LEI: 529900KV21J4YY9YST76 | Long             | EC               | CORP              | US        |    128692 | NS      | $5681751.80   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Hertz Global Holdings Inc             | Hertz Global Holdings Inc                     | CUSIP: 42806J700<br>LEI: 549300NBK3K85MH1EX16 | Long             | EC               | CORP              | US        |    270349 | NS      | $1386890.37   | 0.09%             |  |  |  | No            |                  1 | On Loan: —       |
| Hurco Cos Inc                         | Hurco Cos Inc                                 | CUSIP: 447324104<br>LEI: XSC5XDOTBYOBQPOG2O82 | Long             | EC               | CORP              | US        |     67890 | NS      | $1218625.50   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Neogen Corp                           | Neogen Corp                                   | CUSIP: 640491106<br>LEI: 549300HJT9FC36N4UW43 | Long             | EC               | CORP              | US        |    943027 | NS      | $5818476.59   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| NETSTREIT Corp                        | NETSTREIT Corp                                | CUSIP: 64119V303<br>LEI: 254900CJL0EDMEQ25Q84 | Long             | EC               |  | US        |    143979 | NS      | $2680888.98   | 0.17%             |  |  |  | No            |                  1 | On Loan: —       |
| Pitney Bowes Inc                      | Pitney Bowes Inc                              | CUSIP: 724479100<br>LEI: 549300N2O26NW4ST6W55 | Long             | EC               | CORP              | US        |    198396 | NS      | $1960152.48   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Preferred Bank/Los Angeles CA         | Preferred Bank/Los Angeles CA                 | CUSIP: 740367404<br>LEI: 5493007K6HGI9G0ECX16 | Long             | EC               | CORP              | US        |     27694 | NS      | $2499383.50   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Hyster-Yale Inc                       | Hyster-Yale Materials Handling Inc            | CUSIP: 449172105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     73268 | NS      | $2633251.92   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Independent Bank Corp/MI              | Independent Bank Corp/MI                      | CUSIP: 453838609<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    113779 | NS      | $3438401.38   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| PureCycle Technologies Inc            | PureCycle Technologies Inc                    | CUSIP: 74623V103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     52760 | NS      | $610960.80    | 0.04%             |  |  |  | No            |                  1 | On Loan: —       |
| Q2 Holdings Inc                       | Q2 Holdings Inc                               | CUSIP: 74736L109<br>LEI: 549300M9RKR9DZXWS696 | Long             | EC               | CORP              | US        |     36268 | NS      | $2239911.68   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| RMR Group Inc/The                     | RMR Group Inc/The                             | CUSIP: 74967R106<br>LEI: 549300JP4L34E48UJM16 | Long             | EC               | CORP              | US        |    308259 | NS      | $4768766.73   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Riot Platforms Inc                    | Riot Platforms Inc                            | CUSIP: 767292105<br>LEI: 5299005LKZAJQDQZDF73 | Long             | EC               | CORP              | US        |     61337 | NS      | $1213245.86   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Rocket Pharmaceuticals Inc            | Rocket Pharmaceuticals Inc                    | CUSIP: 77313F106<br>LEI: 549300R7VV82YUIN4Y93 | Long             | EC               | CORP              | US        |    333241 | NS      | $1256318.57   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Rush Street Interactive Inc           | Rush Street Interactive Inc                   | CUSIP: 782011100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    154694 | NS      | $2623610.24   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Insperity Inc                         | Insperity Inc                                 | CUSIP: 45778Q107<br>LEI: 5299000Q0KW7HY5DB751 | Long             | EC               | CORP              | US        |     17122 | NS      | $755422.64    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Interface Inc                         | Interface Inc                                 | CUSIP: 458665304<br>LEI: 549300VXZWQOIDFPU355 | Long             | EC               | CORP              | US        |     58920 | NS      | $1467108.00   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Shoals Technologies Group Inc         | Shoals Technologies Group Inc                 | CUSIP: 82489W107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    142595 | NS      | $1498673.45   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| SunCoke Energy Inc                    | SunCoke Energy Inc                            | CUSIP: 86722A103<br>LEI: 1KF1J2NXQE2PI0QOB943 | Long             | EC               | CORP              | US        |   1098197 | NS      | $8796557.97   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Jackson Financial Inc                 | Jackson Financial Inc                         | CUSIP: 46817M107<br>LEI: 213800WXW2KG1N4CO374 | Long             | EC               | CORP              | US        |    161217 | NS      | $16252285.77  | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| JELD-WEN Holding Inc                  | JELD-WEN Holding Inc                          | CUSIP: 47580P103<br>LEI: 529900AXX7CT9GZSCS30 | Long             | EC               | CORP              | US        |   1576253 | NS      | $6840938.02   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Tanger Inc                            | Tanger Factory Outlet Centers Inc             | CUSIP: 875465106<br>LEI: UKEW8YSXE4Y581KYOL30 | Long             | EC               | CORP              | US        |    180246 | NS      | $5868809.76   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Teladoc Health Inc                    | Teladoc Health Inc                            | CUSIP: 87918A105<br>LEI: 549300I2PVFBC9MFAC61 | Long             | EC               | CORP              | US        |     87610 | NS      | $756074.30    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Tenable Holdings Inc                  | Tenable Holdings Inc                          | CUSIP: 88025T102<br>LEI: 5493004S5OMPESF0EF83 | Long             | EC               | CORP              | US        |     95368 | NS      | $2767579.36   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Tidewater Inc                         | Tidewater Inc                                 | CUSIP: 88642R109<br>LEI: 2549000JA5GRUPLMUH98 | Long             | EC               | CORP              | US        |    221732 | NS      | $11217421.88  | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Kodiak Sciences Inc                   | Kodiak Sciences Inc                           | CUSIP: 50015M109<br>LEI: 254900IXI5NI8C9OQE24 | Long             | EC               | CORP              | US        |    244231 | NS      | $4426686.88   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Kohl's Corp                           | Kohl's Corp                                   | CUSIP: 500255104<br>LEI: 549300JF6LPRTRJ0FH50 | Long             | EC               | CORP              | US        |    267761 | NS      | $4356471.47   | 0.28%             |  |  |  | No            |                  1 | On Loan: —       |
| Universal Insurance Holdings I        | Universal Insurance Holdings Inc              | CUSIP: 91359V107<br>LEI: 529900GGAZ6WVUCWQM46 | Long             | EC               | CORP              | US        |     42612 | NS      | $1313301.84   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Wabash National Corp                  | Wabash National Corp                          | CUSIP: 929566107<br>LEI: 5299004ZAWHQZI5XO485 | Long             | EC               | CORP              | US        |    253954 | NS      | $2036711.08   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Kratos Defense & Security Solu        | Kratos Defense & Security Solutions Inc       | CUSIP: 50077B207<br>LEI: 5493000EKBN0UY1F3F88 | Long             | EC               | CORP              | US        |     59326 | NS      | $5374935.60   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Krispy Kreme Inc                      | Krispy Kreme Inc                              | CUSIP: 50101L106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1622579 | NS      | $5825058.61   | 0.37%             |  |  |  | No            |                  1 | On Loan: —       |
| Lands' End Inc                        | Lands' End Inc                                | CUSIP: 51509F105<br>LEI: 54930016WOL7P2P67Q43 | Long             | EC               | CORP              | US        |     90809 | NS      | $1429333.66   | 0.09%             |  |  |  | No            |                  1 | On Loan: —       |
| Lantheus Holdings Inc                 | Lantheus Holdings Inc                         | CUSIP: 516544103<br>LEI: 5299005HUB5IOJGO7S39 | Long             | EC               | CORP              | US        |     27129 | NS      | $1565072.01   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Lemonade Inc                          | Lemonade Inc                                  | CUSIP: 52567D107<br>LEI: 5493009BKR06OXXU6853 | Long             | EC               | CORP              | US        |     81884 | NS      | $4919590.72   | 0.31%             |  |  |  | No            |                  1 | On Loan: —       |
| Leonardo DRS Inc                      | Leonardo DRS Inc                              | CUSIP: 52661A108<br>LEI: 549300HMMEWVG3PPQU18 | Long             | EC               | CORP              | US        |    167657 | NS      | $6129539.92   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| LifeMD Inc                            | LifeMD Inc                                    | CUSIP: 53216B104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    112037 | NS      | $662138.67    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Lumen Technologies Inc                | Lumen Technologies Inc                        | CUSIP: 550241103<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | EC               | CORP              | US        |   1409200 | NS      | $14486576.00  | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Manitowoc Co Inc/The                  | Manitowoc Co Inc/The                          | CUSIP: 563571405<br>LEI: 2RTSLGQ89VMY18RHX631 | Long             | EC               | CORP              | US        |     99739 | NS      | $1014345.63   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| MaxLinear Inc                         | MaxLinear Inc                                 | CUSIP: 57776J100<br>LEI: 549300EMOI0SM2IY4F64 | Long             | EC               | CORP              | US        |    282157 | NS      | $4274678.55   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Pediatrix Medical Group Inc           | MEDNAX Inc                                    | CUSIP: 58502B106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     97779 | NS      | $1659309.63   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Mirum Pharmaceuticals Inc             | Mirum Pharmaceuticals Inc                     | CUSIP: 604749101<br>LEI: 254900YZKR40F7F27K81 | Long             | EC               | CORP              | US        |    229141 | NS      | $16647093.65  | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Mueller Water Products Inc            | Mueller Water Products Inc                    | CUSIP: 624758108<br>LEI: 549300F7ZU4P1F8V8L60 | Long             | EC               | CORP              | US        |    553870 | NS      | $14212304.20  | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| NCR Atleos Corp                       | NCR Atleos Corp                               | CUSIP: 63001N106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     65508 | NS      | $2417245.20   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| National Vision Holdings Inc          | National Vision Holdings Inc                  | CUSIP: 63845R107<br>LEI: 549300JHURCBLI5ROA42 | Long             | EC               | CORP              | US        |    508802 | NS      | $13101651.50  | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Flagstar Bank NA                      | New York Community Bancorp Inc                | CUSIP: 649445400<br>LEI: 529900HVXOTLY61GL030 | Long             | EC               | CORP              | US        |    712426 | NS      | $8135904.92   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| OFG Bancorp                           | OFG Bancorp                                   | CUSIP: 67103X102<br>LEI: 549300Q4QEXJ37LEXQ06 | Long             | EC               | CORP              | PR        |    168875 | NS      | $6528707.50   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Oil States International Inc          | Oil States International Inc                  | CUSIP: 678026105<br>LEI: 5493004TF4KQJGMYL777 | Long             | EC               | CORP              | US        |    309021 | NS      | $1844855.37   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| ONE Gas Inc                           | ONE Gas Inc                                   | CUSIP: 68235P108<br>LEI: 549300HXDWI0LATTX840 | Long             | EC               | CORP              | US        |     33671 | NS      | $2700077.49   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| ON24 Inc                              | ON24 Inc                                      | CUSIP: 68339B104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    762021 | NS      | $4206355.92   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Otter Tail Corp                       | Otter Tail Corp                               | CUSIP: 689648103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    126726 | NS      | $9785781.72   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Bed Bath & Beyond Inc                 | Beyond Inc                                    | CUSIP: 690370101<br>LEI: 549300ACR0DL9U7EI710 | Long             | EC               | CORP              | US        |    515744 | NS      | $3976386.24   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Perimeter Solutions Inc               | Perimeter Solutions Inc                       | CUSIP: 71385M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    242019 | NS      | $5689866.69   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| PetMed Express Inc                    | PetMed Express Inc                            | CUSIP: 716382106<br>LEI: 529900PGHW5ASJ1AZL48 | Long             | EC               | CORP              | US        |    415281 | NS      | $1067272.17   | 0.07%             |  |  |  | No            |                  1 | On Loan: —       |
| Polaris Inc                           | Polaris Inc                                   | CUSIP: 731068102<br>LEI: 549300QJSN8UVWN1EI78 | Long             | EC               | CORP              | US        |     47681 | NS      | $3151714.10   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Powell Industries Inc                 | Powell Industries Inc                         | CUSIP: 739128106<br>LEI: 549300V08RO7MX2UBN26 | Long             | EC               | CORP              | US        |     50251 | NS      | $19265730.89  | 1.22%             |  |  |  | No            |                  1 | On Loan: —       |
| Upbound Group Inc                     | Rent-A-Center Inc/TX                          | CUSIP: 76009N100<br>LEI: 529900QUHE15UQNCCJ63 | Long             | EC               | CORP              | US        |     20993 | NS      | $406844.34    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Resideo Technologies Inc              | Resideo Technologies Inc                      | CUSIP: 76118Y104<br>LEI: 5493006TKFPYISY2DS54 | Long             | EC               | CORP              | US        |    397252 | NS      | $17002385.60  | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Root Inc/OH                           | Root Inc/OH                                   | CUSIP: 77664L207<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     31853 | NS      | $2564803.56   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Mativ Holdings Inc                    | Mativ Holdings Inc                            | CUSIP: 808541106<br>LEI: 549300Z1FU4IDULG1R21 | Long             | EC               | CORP              | US        |    158381 | NS      | $1691509.08   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| ServisFirst Bancshares Inc            | ServisFirst Bancshares Inc                    | CUSIP: 81768T108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12659 | NS      | $889547.93    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Skyward Specialty Insurance Gr        | Skyward Specialty Insurance Group Inc         | CUSIP: 830940102<br>LEI: 549300GXGXJG0YH4VN21 | Long             | EC               | CORP              | US        |    284851 | NS      | $12986357.09  | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Sprinklr Inc                          | Sprinklr Inc                                  | CUSIP: 85208T107<br>LEI: 254900AR04RJ2BQO5S78 | Long             | EC               | CORP              | US        |    918106 | NS      | $7087778.32   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Stoneridge Inc                        | Stoneridge Inc                                | CUSIP: 86183P102<br>LEI: PNBCIH9LE7WI83VJIF08 | Long             | EC               | CORP              | US        |    936565 | NS      | $6378007.65   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Sweetgreen Inc                        | Sweetgreen Inc                                | CUSIP: 87043Q108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    512645 | NS      | $3224537.05   | 0.20%             |  |  |  | No            |                  1 | On Loan: —       |
| Tennant Co                            | Tennant Co                                    | CUSIP: 880345103<br>LEI: JYAIRLT8DVP6DP8UT336 | Long             | EC               | CORP              | US        |      7942 | NS      | $635360.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Capital Bancshares Inc          | Texas Capital Bancshares Inc                  | CUSIP: 88224Q107<br>LEI: 549300466Q2SXRX0YM48 | Long             | EC               | CORP              | US        |     79179 | NS      | $6638367.36   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Roadhouse Inc                   | Texas Roadhouse Inc                           | CUSIP: 882681109<br>LEI: 5299002Y1CNRPDGXTQ75 | Long             | EC               | CORP              | US        |     23244 | NS      | $3802253.52   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Trustmark Corp                        | Trustmark Corp                                | CUSIP: 898402102<br>LEI: 5493000HPQ4D2RZ79739 | Long             | EC               | CORP              | US        |    320534 | NS      | $11930275.48  | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanda Pharmaceuticals Inc             | Vanda Pharmaceuticals Inc                     | CUSIP: 921659108<br>LEI: 529900AY8VOOQBKJ0O70 | Long             | EC               | CORP              | US        |    624548 | NS      | $2716783.80   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Varonis Systems Inc                   | Varonis Systems Inc                           | CUSIP: 922280102<br>LEI: 549300SHIVNRRH7STS26 | Long             | EC               | CORP              | US        |     90593 | NS      | $3191591.39   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Viant Technology Inc                  | Viant Technology Inc                          | CUSIP: 92557A101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     64902 | NS      | $576329.76    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Waystar Holding Corp                  | Waystar Holding Corp                          | CUSIP: 946784105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    362184 | NS      | $12984296.40  | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Weave Communications Inc              | Weave Communications Inc                      | CUSIP: 94724R108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    174811 | NS      | $1295349.51   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Indivior PLC                          | Indivior PLC                                  | CUSIP: 000000000<br>LEI: 213800V3NCQTY7IED471 | Long             | EC               | CORP              | GB        |    219586 | NS      | $6449240.82   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| LivaNova PLC                          | LivaNova PLC                                  | CUSIP: 000000000<br>LEI: 2138001K2FX6SHK2B339 | Long             | EC               | CORP              | GB        |     69674 | NS      | $3666942.62   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Pagaya Technologies Ltd               | Pagaya Technologies Ltd                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IL        |    389983 | NS      | $10486642.87  | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Bitdeer Technologies Group            | Bitdeer Technologies Group                    | CUSIP: 000000000<br>LEI: 2549007M2KGWVJ9XFP20 | Long             | EC               | CORP              | KY        |     29130 | NS      | $646686.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Bladex                                | Banco Latinoamericano de Comercio Exterior SA | CUSIP: 000000000<br>LEI: 549300CN3134K4LC0651 | Long             | EC               | CORP              | PA        |     70789 | NS      | $3044634.89   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Bread Financial Holdings Inc          | Bread Financial Holdings Inc                  | CUSIP: 018581108<br>LEI: 549300G8S4PO686J7H97 | Long             | EC               | CORP              | US        |     26505 | NS      | $1660538.25   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Freshworks Inc                        | Freshworks Inc                                | CUSIP: 358054104<br>LEI: 254900ULRGCUEIK0K191 | Long             | EC               | CORP              | US        |    307847 | NS      | $3417101.70   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| InterDigital Inc                      | InterDigital Inc                              | CUSIP: 45867G101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     39502 | NS      | $14298143.92  | 0.90%             |  |  |  | No            |                  1 | On Loan: —       |
| Outset Medical Inc                    | Outset Medical Inc                            | CUSIP: 690145206<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     69633 | NS      | $913584.96    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Power Integrations Inc                | Power Integrations Inc                        | CUSIP: 739276103<br>LEI: 54930085LGXSCIHD5W31 | Long             | EC               | CORP              | US        |     16778 | NS      | $702830.42    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| RLI Corp                              | RLI Corp                                      | CUSIP: 749607107<br>LEI: 529900AMTJE5ECN9PS55 | Long             | EC               | CORP              | US        |    118346 | NS      | $6977680.16   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Revolve Group Inc                     | Revolve Group Inc                             | CUSIP: 76156B107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     68521 | NS      | $1515684.52   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Rhythm Pharmaceuticals Inc            | Rhythm Pharmaceuticals Inc                    | CUSIP: 76243J105<br>LEI: 529900JPNWXQ8DPLA551 | Long             | EC               | CORP              | US        |    121514 | NS      | $13823432.64  | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Sterling Infrastructure Inc           | Sterling Infrastructure Inc                   | CUSIP: 859241101<br>LEI: 549300RZIK6K1215XU51 | Long             | EC               | CORP              | US        |     18374 | NS      | $6943534.60   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| V2X Inc                               | V2X Inc                                       | CUSIP: 92242T101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     61142 | NS      | $3490596.78   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Victory Capital Holdings Inc          | Victory Capital Holdings Inc                  | CUSIP: 92645B103<br>LEI: 549300BN5LH2CIPPHS71 | Long             | EC               | CORP              | US        |     44811 | NS      | $2790380.97   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| World Kinect Corp                     | World Kinect Corp                             | CUSIP: 981475106<br>LEI: D3W7PCXCBRQLL17DZ313 | Long             | EC               | CORP              | US        |     33056 | NS      | $854497.60    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-23

**Name of Applicant:** Federated Hermes MDT Series

**Signature:** Stephen Van Meter

**Name of Signer:** Federated Hermes MDT Series

**Title:** Chief Compliance Officer