# EDGAR Filing Document

**Accession Number:** 0000916006
**File Stem:** 0001752724-25-206168
**Filing Date:** 2025-8
**Character Count:** 68904
**Document Hash:** 1b6482834d297277e020283d41ad89a1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-206168.hdr.sgml**: 20250826

**ACCESSION NUMBER**: 0001752724-25-206168

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250826

**DATE AS OF CHANGE**: 20250826

**PERIOD START**: 20250630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BRIDGEWAY FUNDS INC
- **CENTRAL INDEX KEY:** 0000916006

**ORGANIZATION NAME:**
- **EIN:** 760421237
- **STATE OF INCORPORATION:** TX
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08200
- **FILM NUMBER:** 251257313

**BUSINESS ADDRESS:**
- **STREET 1:** 20 GREENWAY PLAZA
- **STREET 2:** SUITE 450
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77046
- **BUSINESS PHONE:** 7136613500

**MAIL ADDRESS:**
- **STREET 1:** 20 GREENWAY PLAZA
- **STREET 2:** SUITE 450
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77046

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BRIDGEWAY FUND INC
- **DATE OF NAME CHANGE:** 19931209

## Series and Classes Contracts Data

### Ultra-Small Company Fund (Series ID: S000004423)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000012186 | Class N      | BRUSX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Bridgeway Funds, Inc.

- **b. Investment Company Act file number:** 811-08200

- **c. CIK number of Registrant:** 0000916006

- **d. LEI of Registrant:** 549300BKESR3H53Z1J25

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

  - **Street Address 1:** 20 Greenway Plaza

  - **City:** Houston

  - **State:** TX

  - **Foreign country:** US

  - **Zip / Postal Code:** 77046

  - **Telephone number:** 713-661-3500

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

- **a. Name of Series:** Ultra-Small Company Fund

- **b. EDGAR series identifier (if any):** S000004423

- **c. LEI of Series:** 549300E2S382MMRFL788

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

- **a. Date of fiscal year-end:** 2025-06-30

- **b. Date as of which information is reported:** 2025-06-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $92189692.34

**Total Liabilities:** $5622558.61

**Net Assets:** $86567133.73

**Cash Not Reported:** $88892.14

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000012186 | -3.73%               | 7.25%                | 7.50%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-730746.60              | $-2188825.63                               |
| Month 2  | $-565159.30              | $6101817.52                                |
| Month 3  | $-1188726.77             | $7205292.79                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Rayonier Advanced Materials In | Rayonier Advanced Materials Inc          | CUSIP: 75508B104<br>LEI: 54930053QJ7OUGZG4F72 | Long             | EC               | CORP              | US        |     69200 | NS      | $266420.00    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| American Outdoor Brands Inc    | American Outdoor Brands Inc              | CUSIP: 02875D109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10500 | NS      | $109725.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| First Western Financial Inc    | First Western Financial Inc              | CUSIP: 33751L105<br>LEI: 549300PPOGX4C7S66B47 | Long             | EC               | CORP              | US        |     28931 | NS      | $652683.36    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Community West Bancshares      | Community West Bancshares                | CUSIP: 203937107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     31771 | NS      | $619852.21    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Magnachip Semiconductor Corp   | Magnachip Semiconductor Corp             | CUSIP: 55933J203<br>LEI: 529900P54J1ATLRBUV29 | Long             | EC               | CORP              | KR        |    367754 | NS      | $1463660.92   | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Consumer Portfolio Services In | Consumer Portfolio Services Inc          | CUSIP: 210502100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     38859 | NS      | $381983.97    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Immuneering Corp               | Immuneering Corp                         | CUSIP: 45254E107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     35000 | NS      | $117950.00    | 0.14%             |  |  |  | No            |                  1 | On Loan: —       |
| Citizens Community Bancorp Inc | Citizens Community Bancorp Inc/WI        | CUSIP: 174903104<br>LEI: 549300VKLJAF4WABEF16 | Long             | EC               | CORP              | US        |     42700 | NS      | $589260.00    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Portman Ridge Finance Corp     | Portman Ridge Finance Corp               | CUSIP: 73688F201<br>LEI: 254900YM5BVQKA01I468 | Long             | EC               | CORP              | US        |      8500 | NS      | $106420.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| CareCloud Inc                  | CareCloud Inc                            | CUSIP: 14167R100<br>LEI: 549300GEO5Y45G5I3070 | Long             | EC               | CORP              | US        |     65000 | NS      | $153400.00    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Forum Energy Technologies Inc  | Forum Energy Technologies Inc            | CUSIP: 34984V209<br>LEI: 549300SF93HLCR1REE27 | Long             | EC               | CORP              | US        |     14239 | NS      | $277233.33    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Airship AI Holdings Inc        | AIRSHIP AI HOLDINGS INC                  | CUSIP: 008940108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     40000 | NS      | $235600.00    | 0.27%             |  |  |  | No            |                  1 | On Loan: —       |
| FVCBankcorp Inc                | FVCBankcorp Inc                          | CUSIP: 36120Q101<br>LEI: 549300MSW6NY44KG3397 | Long             | EC               | CORP              | US        |     47065 | NS      | $555367.00    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Sage Therapeutics Inc          | Sage Therapeutics Inc                    | CUSIP: 78667J108<br>LEI: 5493000JX4BJS9W6CN35 | Long             | EC               | CORP              | US        |     95000 | NS      | $866400.00    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Enliven Therapeutics Inc       | Enliven Therapeutics Inc                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     18900 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Herc Holdings Inc              | Herc Holdings Inc                        | CUSIP: 640268306<br>LEI: 5299005I24806IOIYE03 | Long             | EC               | CORP              | US        |     66140 | NS      | $1709057.60   | 1.97%             |  |  |  | No            |                  1 | On Loan: —       |
| Ranger Energy Services Inc     | Ranger Energy Services Inc               | CUSIP: 75282U104<br>LEI: 549300J7RIVGVAN0RE23 | Long             | EC               | CORP              | US        |    128856 | NS      | $1538540.64   | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Taylor Devices Inc             | Taylor Devices Inc                       | CUSIP: 877163105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1000 | NS      | $43400.00     | 0.05%             |  |  |  | No            |                  1 | On Loan: —       |
| Perma-Fix Environmental Servic | Perma-Fix Environmental Services Inc     | CUSIP: 714157203<br>LEI: 54930015OVD1T5P12U15 | Long             | EC               | CORP              | US        |     20300 | NS      | $213556.00    | 0.25%             |  |  |  | No            |                  1 | On Loan: —       |
| Quipt Home Medical Corp        | Quipt Home Medical Corp                  | CUSIP: 74880P104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     62600 | NS      | $112054.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Parke Bancorp Inc              | Parke Bancorp Inc                        | CUSIP: 700885106<br>LEI: 5493000JF1TWXVD0CR78 | Long             | EC               | CORP              | US        |     11568 | NS      | $235640.16    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Ampco-Pittsburgh Corp          | Ampco-Pittsburgh Corp                    | CUSIP: 032037103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     35935 | NS      | $106367.60    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Oak Valley Bancorp             | Oak Valley Bancorp                       | CUSIP: 671807105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     35664 | NS      | $971487.36    | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Kezar Life Sciences Inc        | Kezar Life Sciences Inc                  | CUSIP: 49372L209<br>LEI: 549300EV1V8GXBV18004 | Long             | EC               | CORP              | US        |     41000 | NS      | $187780.00    | 0.22%             |  |  |  | No            |                  1 | On Loan: —       |
| OP Bancorp                     | OP Bancorp                               | CUSIP: 67109R109<br>LEI: 549300LTYZMS0Q13U522 | Long             | EC               | CORP              | US        |     44550 | NS      | $578704.50    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| AMCON Distributing Co          | AMCON Distributing Co                    | CUSIP: 02341Q205<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2180 | NS      | $240018.00    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Bassett Furniture Industries I | Bassett Furniture Industries Inc         | CUSIP: 070203104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5998 | NS      | $91169.60     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Manhattan Bridge Capital Inc   | Manhattan Bridge Capital Inc             | CUSIP: 562803106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15216 | NS      | $83231.52     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Resources Connection Inc       | Resources Connection Inc                 | CUSIP: 76122Q105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     86800 | NS      | $466116.00    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Flexible Solutions Internation | Flexible Solutions International Inc     | CUSIP: 33938T104<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     63900 | NS      | $309915.00    | 0.36%             |  |  |  | No            |                  1 | On Loan: —       |
| Electromed Inc                 | Electromed Inc                           | CUSIP: 285409108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     49963 | NS      | $1098686.37   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Siebert Financial Corp         | Siebert Financial Corp                   | CUSIP: 826176109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     25000 | NS      | $110500.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| PMV Pharmaceuticals Inc        | PMV Pharmaceuticals Inc                  | CUSIP: 69353Y103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     69900 | NS      | $74094.00     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Eledon Pharmaceuticals Inc     | Eledon Pharmaceuticals Inc               | CUSIP: 28617K101<br>LEI: 549300S17CAM13O43606 | Long             | EC               | CORP              | US        |     33400 | NS      | $90514.00     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| FreightCar America Inc         | FreightCar America Inc                   | CUSIP: 357023100<br>LEI: 254900UEML23YM2EQB31 | Long             | EC               | CORP              | US        |     38000 | NS      | $327560.00    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern First Bancshares Inc  | Southern First Bancshares Inc            | CUSIP: 842873101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1847 | NS      | $70241.41     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Gran Tierra Energy Inc         | Gran Tierra Energy Inc                   | CUSIP: 38500T200<br>LEI: 549300IH2S17MAIUCM32 | Long             | EC               | CORP              | CA        |    117593 | NS      | $560918.61    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Vicarious Surgical Inc         | Vicarious Surgical Inc                   | CUSIP: 92561V208<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11800 | NS      | $88500.00     | 0.10%             |  |  |  | No            |                  1 | On Loan: —       |
| Hallador Energy Co             | Hallador Energy Co                       | CUSIP: 40609P105<br>LEI: 254900GKEQRHOI2SSC19 | Long             | EC               | CORP              | US        |     22100 | NS      | $349843.00    | 0.40%             |  |  |  | No            |                  1 | On Loan: —       |
| Allbirds Inc                   | Allbirds Inc                             | CUSIP: 01675A208<br>LEI: 5299005VZ0KFXF1GL494 | Long             | EC               | CORP              | US        |     23831 | NS      | $253323.53    | 0.29%             |  |  |  | No            |                  1 | On Loan: —       |
| Flotek Industries Inc          | Flotek Industries Inc                    | CUSIP: 343389409<br>LEI: 549300TF60OEK4FPPC44 | Long             | EC               | CORP              | US        |     19600 | NS      | $289296.00    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Pioneer Power Solutions Inc    | Pioneer Power Solutions Inc              | CUSIP: 723836300<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     39200 | NS      | $107800.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Eton Pharmaceuticals Inc       | Eton Pharmaceuticals Inc                 | CUSIP: 29772L108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    106070 | NS      | $1511497.50   | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Medallion Financial Corp       | Medallion Financial Corp                 | CUSIP: 583928106<br>LEI: 549300FJ4FMGJ2C34Y48 | Long             | EC               | CORP              | US        |      8000 | NS      | $76240.00     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Primis Financial Corp          | Primis Financial Corp                    | CUSIP: 74167B109<br>LEI: 549300JNX3M2EENG1F11 | Long             | EC               | CORP              | US        |     39413 | NS      | $427631.05    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Byrna Technologies Inc         | Byrna Technologies Inc                   | CUSIP: 12448X201<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16871 | NS      | $520976.48    | 0.60%             |  |  |  | No            |                  1 | On Loan: —       |
| Eastern Co/The                 | Eastern Co/The                           | CUSIP: 276317104<br>LEI: 5493005F8SU7UCM5D285 | Long             | EC               | CORP              | US        |      3500 | NS      | $79870.00     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Viemed Healthcare Inc          | Viemed Healthcare Inc                    | CUSIP: 92663R105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     34000 | NS      | $234940.00    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Seer Inc                       | Seer Inc                                 | CUSIP: 81578P106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    708043 | NS      | $1515212.02   | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Tourmaline Bio Inc             | Tourmaline Bio Inc                       | CUSIP: 89157D105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7500 | NS      | $119925.00    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Kaltura Inc                    | Kaltura Inc                              | CUSIP: 483467106<br>LEI: 254900WYME0NSA8DVA41 | Long             | EC               | CORP              | US        |     90300 | NS      | $181503.00    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Greenland Technologies Holding | Greenland Technologies Holding Corp      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     25000 | NS      | $49750.00     | 0.06%             |  |  |  | No            |                  1 | On Loan: —       |
| Nature's Sunshine Products Inc | Nature's Sunshine Products Inc           | CUSIP: 639027101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3300 | NS      | $48807.00     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin Covey Co              | Franklin Covey Co                        | CUSIP: 353469109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8000 | NS      | $182560.00    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Clipper Realty Inc             | Clipper Realty Inc                       | CUSIP: 18885T306<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3934 | NS      | $14437.78     | 0.02%             |  |  |  | No            |                  1 | On Loan: —       |
| Joint Corp/The                 | Joint Corp/The                           | CUSIP: 47973J102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4200 | NS      | $48468.00     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| SANUWAVE Health Inc            | SANUWAVE Health Inc                      | CUSIP: 80303D305<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     17279 | NS      | $567787.94    | 0.66%             |  |  |  | No            |                  1 | On Loan: —       |
| Spectral AI Inc                | Spectral AI Inc                          | CUSIP: 84757T105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    174000 | NS      | $431520.00    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| TrueBlue Inc                   | TrueBlue Inc                             | CUSIP: 89785X101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     42500 | NS      | $275400.00    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| C&F Financial Corp             | C&F Financial Corp                       | CUSIP: 12466Q104<br>LEI: 549300VFPAZLNS1R0361 | Long             | EC               | CORP              | US        |      1100 | NS      | $67903.00     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Smart Sand Inc                 | Smart Sand Inc                           | CUSIP: 83191H107<br>LEI: 549300JISW1T66DVOK23 | Long             | EC               | CORP              | US        |     30618 | NS      | $61542.18     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Biote Corp                     | Biote Corp                               | CUSIP: 090683103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     71053 | NS      | $285633.06    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Timberland Bancorp Inc/WA      | Timberland Bancorp Inc/WA                | CUSIP: 887098101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19071 | NS      | $595015.20    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| FS Bancorp Inc                 | FS Bancorp Inc                           | CUSIP: 30263Y104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6371 | NS      | $250889.98    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Karyopharm Therapeutics Inc    | Karyopharm Therapeutics Inc              | CUSIP: 48576U205<br>LEI: 549300J1VANRCNTYST87 | Long             | EC               | CORP              | US        |     27836 | NS      | $119973.16    | 0.14%             |  |  |  | No            |                  1 | On Loan: —       |
| Cato Corp/The                  | Cato Corp/The                            | CUSIP: 149205106<br>LEI: 529900R4SJUY7GCUU865 | Long             | EC               | CORP              | US        |     52610 | NS      | $147834.10    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Ohio Valley Banc Corp          | Ohio Valley Banc Corp                    | CUSIP: 677719106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1900 | NS      | $61237.00     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| ClearOne Inc                   | ClearOne Inc                             | CUSIP: 18506U203<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3573 | NS      | $21044.97     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| VYNE Therapeutics Inc          | VYNE Therapeutics Inc                    | CUSIP: 92941V308<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     76958 | NS      | $126980.70    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Beauty Health Co/The           | Beauty Health Co/The                     | CUSIP: 88331L108<br>LEI: 5493001Z2JZQT4C63C50 | Long             | EC               | CORP              | US        |   1161600 | NS      | $2218656.00   | 2.56%             |  |  |  | No            |                  1 | On Loan: —       |
| Milestone Scientific Inc       | Milestone Scientific Inc                 | CUSIP: 59935P209<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    188700 | NS      | $120107.55    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of Marin Bancorp          | Bank of Marin Bancorp                    | CUSIP: 063425102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     61766 | NS      | $1410735.44   | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Semler Scientific Inc          | Semler Scientific Inc                    | CUSIP: 81684M104<br>LEI: 549300ZHL16S29QTW485 | Long             | EC               | CORP              | US        |     15676 | NS      | $607288.24    | 0.70%             |  |  |  | No            |                  1 | On Loan: —       |
| Barnwell Industries Inc        | Barnwell Industries Inc                  | CUSIP: 068221100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     70230 | NS      | $79359.90     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| WM Technology Inc              | WM Technology Inc                        | CUSIP: 92971A109<br>LEI: 549300APSNIYJ4PTIL34 | Long             | EC               | CORP              | US        |     36600 | NS      | $32793.60     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Zumiez Inc                     | Zumiez Inc                               | CUSIP: 989817101<br>LEI: 549300J0PDF58P6HZD25 | Long             | EC               | CORP              | US        |    107639 | NS      | $1427293.14   | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Playstudios Inc                | Playstudios Inc                          | CUSIP: 72815G108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    147000 | NS      | $192570.00    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| 1stdibs.com Inc                | 1stdibs.com Inc                          | CUSIP: 320551104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     96700 | NS      | $265925.00    | 0.31%             |  |  |  | No            |                  1 | On Loan: —       |
| Tile Shop Holdings Inc         | Tile Shop Holdings Inc                   | CUSIP: 88677Q109<br>LEI: 549300Q3SS4FSW01UE50 | Long             | EC               | CORP              | US        |      4355 | NS      | $27697.80     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Live Ventures Inc              | Live Ventures Inc                        | CUSIP: 538142308<br>LEI: 5493002HQW06QWT6U361 | Long             | EC               | CORP              | US        |      1807 | NS      | $31405.66     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| FONAR Corp                     | FONAR Corp                               | CUSIP: 344437405<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     30100 | NS      | $450296.00    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Eventbrite Inc                 | Eventbrite Inc                           | CUSIP: 29975E109<br>LEI: 549300N6XBV2B1FAUF55 | Long             | EC               | CORP              | US        |    708000 | NS      | $1862040.00   | 2.15%             |  |  |  | No            |                  1 | On Loan: No      |
| RealReal Inc/The               | RealReal Inc/The                         | CUSIP: 88339P101<br>LEI: 549300O00VUGT4H1PE90 | Long             | EC               | CORP              | US        |     78500 | NS      | $376015.00    | 0.43%             |  |  |  | No            |                  1 | On Loan: —       |
| RF Industries Ltd              | RF Industries Ltd                        | CUSIP: 749552105<br>LEI: 529900MVE73NJ5FHP926 | Long             | EC               | CORP              | US        |     29696 | NS      | $192133.12    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Government Portfolio  | Fidelity Government Portfolio            | CUSIP: 316175108<br>LEI: 549300FQDFZGLUOCWN51 | Long             | STIV             | RF                | US        |    664202 | NS      | $664201.73    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Zedge Inc                      | Zedge Inc                                | CUSIP: 98923T104<br>LEI: 549300EDIDRX7NRMGN17 | Long             | EC               | CORP              | US        |     16700 | NS      | $66967.00     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| American Shared Hospital Servi | American Shared Hospital Services        | CUSIP: 029595105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     67567 | NS      | $162836.47    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Nu Skin Enterprises Inc        | Nu Skin Enterprises Inc                  | CUSIP: 67018T105<br>LEI: 54930050DETB6CP71D38 | Long             | EC               | CORP              | US        |    115000 | NS      | $918850.00    | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| CPI Aerostructures Inc         | CPI Aerostructures Inc                   | CUSIP: 125919308<br>LEI: 549300C471OFZGCOHS09 | Long             | EC               | CORP              | US        |      4300 | NS      | $15050.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Pioneer Bancorp Inc/NY         | Pioneer Bancorp Inc/NY                   | CUSIP: 723561106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15600 | NS      | $187668.00    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Adicet Bio Inc                 | Adicet Bio Inc                           | CUSIP: 007002108<br>LEI: 549300VRD2QO80WBOP18 | Long             | EC               | CORP              | US        |    810300 | NS      | $494283.00    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Civeo Corp                     | Civeo Corp                               | CUSIP: 17878Y207<br>LEI: 254900H0BM0N0O4MSY43 | Long             | EC               | CORP              | US        |     70400 | NS      | $1625536.00   | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Forrester Research Inc         | Forrester Research Inc                   | CUSIP: 346563109<br>LEI: 549300UUSFXYLJ80Z897 | Long             | EC               | CORP              | US        |     79309 | NS      | $785159.10    | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| MEI Pharma Inc                 | MEI Pharma Inc                           | CUSIP: 55279B301<br>LEI: 529900A43X33ON524197 | Long             | EC               | CORP              | US        |     26869 | NS      | $66366.43     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| AMREP Corp                     | AMREP Corp                               | CUSIP: 032159105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     22298 | NS      | $466697.14    | 0.54%             |  |  |  | No            |                  1 | On Loan: —       |
| American Well Corp             | American Well Corp                       | CUSIP: 03044L204<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     91741 | NS      | $815577.49    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Skillz Inc                     | Skillz Inc                               | CUSIP: 83067L208<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13700 | NS      | $93434.00     | 0.11%             |  |  |  | No            |                  1 | On Loan: —       |
| Lifevantage Corp               | Lifevantage Corp                         | CUSIP: 53222K205<br>LEI: 5493001Z5YYT109QZ980 | Long             | EC               | CORP              | US        |     31906 | NS      | $417330.48    | 0.48%             |  |  |  | No            |                  1 | On Loan: —       |
| Farmer Bros Co                 | Farmer Bros Co                           | CUSIP: 307675108<br>LEI: 5493006PMLETBTVJ3262 | Long             | EC               | CORP              | US        |     16300 | NS      | $22331.00     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| OraSure Technologies Inc       | OraSure Technologies Inc                 | CUSIP: 68554V108<br>LEI: 529900GNNJPNM4XHXQ77 | Long             | EC               | CORP              | US        |    539100 | NS      | $1617300.00   | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlantic American Corp         | Atlantic American Corp                   | CUSIP: 048209100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     67991 | NS      | $144820.83    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Virginia National Bankshares C | Virginia National Bankshares Corp        | CUSIP: 928031103<br>LEI: 5493005LXSLNF92BF097 | Long             | EC               | CORP              | US        |     10208 | NS      | $377696.00    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Aclaris Therapeutics Inc       | Aclaris Therapeutics Inc                 | CUSIP: 00461U105<br>LEI: 5493000B2LQ9QTW1DF52 | Long             | EC               | CORP              | US        |    233300 | NS      | $331286.00    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Avalon Holdings Corp           | Avalon Holdings Corp                     | CUSIP: 05343P109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10728 | NS      | $26712.72     | 0.03%             |  |  |  | No            |                  1 | On Loan: —       |
| DLH Holdings Corp              | DLH Holdings Corp                        | CUSIP: 23335Q100<br>LEI: 549300KRYPLQFKWVTE62 | Long             | EC               | CORP              | US        |     69520 | NS      | $405996.80    | 0.47%             |  |  |  | No            |                  1 | On Loan: —       |
| DREY INST PREF GOV MM-M        | DREY INST PREF GOV MM-M                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   5496248 | NS      | $5496247.88   | 6.35%             |  |  |  | No            |                  1 | On Loan: No      |
| ACCESS Newswire Inc            | ACCESS Newswire Inc                      | CUSIP: 46520M204<br>LEI: 894500M5FGGV3CFQ8F15 | Long             | EC               | CORP              | US        |      5268 | NS      | $64796.40     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Fennec Pharmaceuticals Inc     | Fennec Pharmaceuticals Inc               | CUSIP: 31447P100<br>LEI: 5299003IE70ITO2CBM73 | Long             | EC               | CORP              | US        |     24200 | NS      | $200860.00    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| AVROBIO INC                    | AVROBIO INC                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11783 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Design Therapeutics Inc        | Design Therapeutics Inc                  | CUSIP: 25056L103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    114700 | NS      | $386539.00    | 0.45%             |  |  |  | No            |                  1 | On Loan: —       |
| American Public Education Inc  | American Public Education Inc            | CUSIP: 02913V103<br>LEI: 254900GZNX6TJQGM4S17 | Long             | EC               | CORP              | US        |      8393 | NS      | $255650.78    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Blade Air Mobility Inc         | Blade Air Mobility Inc                   | CUSIP: 092667104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     57300 | NS      | $230919.00    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Retractable Technologies Inc   | Retractable Technologies Inc             | CUSIP: 76129W105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     59500 | NS      | $38050.25     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| eGain Corp                     | eGain Corp                               | CUSIP: 28225C806<br>LEI: 25490048ASFEJOENUI20 | Long             | EC               | CORP              | US        |     45900 | NS      | $286875.00    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Ring Energy Inc                | Ring Energy Inc                          | CUSIP: 76680V108<br>LEI: 549300HMY6TJ265I8S64 | Long             | EC               | CORP              | US        |    455000 | NS      | $361270.00    | 0.42%             |  |  |  | No            |                  1 | On Loan: —       |
| Gencor Industries Inc          | Gencor Industries Inc                    | CUSIP: 368678108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7600 | NS      | $106400.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Rimini Street Inc              | Rimini Street Inc                        | CUSIP: 76674Q107<br>LEI: 54930042ITIRGVM4HY55 | Long             | EC               | CORP              | US        |    354200 | NS      | $1335334.00   | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Natural Alternatives Internati | Natural Alternatives International Inc   | CUSIP: 638842302<br>LEI: 549300QOT5V1NZ8WZY48 | Long             | EC               | CORP              | US        |     37000 | NS      | $121360.00    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Alpine Income Property Trust I | Alpine Income Property Trust Inc         | CUSIP: 02083X103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     37309 | NS      | $548815.39    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Whitehawk Therapeutics Inc     | Whitehawk Therapeutics Inc               | CUSIP: 00032Q104<br>LEI: 549300G3U7TKW1M58L09 | Long             | EC               | CORP              | US        |    315284 | NS      | $589581.08    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| NeoVolta Inc                   | NeoVolta Inc                             | CUSIP: 640655106<br>LEI: 549300KZ9T40JVOBUV74 | Long             | EC               | CORP              | US        |     52200 | NS      | $172260.00    | 0.20%             |  |  |  | No            |                  1 | On Loan: —       |
| TriSalus Life Sciences Inc     | TriSalus Life Sciences Inc               | CUSIP: 89680M101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5900 | NS      | $32155.00     | 0.04%             |  |  |  | No            |                  1 | On Loan: —       |
| Mama's Creations Inc           | Mama's Creations Inc                     | CUSIP: 56146T103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10000 | NS      | $83000.00     | 0.10%             |  |  |  | No            |                  1 | On Loan: —       |
| PrimeEnergy Resources Corp     | PrimeEnergy Resources Corp               | CUSIP: 74158E104<br>LEI: 9QMD37QNHRX1B7685Y44 | Long             | EC               | CORP              | US        |      2100 | NS      | $307398.00    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Douglas Elliman Inc            | Douglas Elliman Inc                      | CUSIP: 25961D105<br>LEI: 549300BXICHPOXA1NO93 | Long             | EC               | CORP              | US        |    836716 | NS      | $1941181.12   | 2.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Investar Holding Corp          | Investar Holding Corp                    | CUSIP: 46134L105<br>LEI: 54930001EK2YM28LOJ08 | Long             | EC               | CORP              | US        |     23165 | NS      | $447547.80    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Upland Software Inc            | Upland Software Inc                      | CUSIP: 91544A109<br>LEI: 549300NS277POYJ63W89 | Long             | EC               | CORP              | US        |    113100 | NS      | $220545.00    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Destination XL Group Inc       | Destination XL Group Inc                 | CUSIP: 25065K104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     97000 | NS      | $107670.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Genesco Inc                    | Genesco Inc                              | CUSIP: 371532102<br>LEI: 549300VY2Q511P1K5P56 | Long             | EC               | CORP              | US        |     13400 | NS      | $263846.00    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| MVB Financial Corp             | MVB Financial Corp                       | CUSIP: 553810102<br>LEI: 549300KSUQ2FUU1X2O74 | Long             | EC               | CORP              | US        |     41700 | NS      | $939501.00    | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Acme United Corp               | Acme United Corp                         | CUSIP: 004816104<br>LEI: 549300NVT8NN13WP8M83 | Long             | EC               | CORP              | US        |     12453 | NS      | $516176.85    | 0.60%             |  |  |  | No            |                  1 | On Loan: —       |
| Consensus Cloud Solutions Inc  | Consensus Cloud Solutions Inc            | CUSIP: 20848V105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     59000 | NS      | $1360540.00   | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Paysign Inc                    | Paysign Inc                              | CUSIP: 70451A104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     88670 | NS      | $638424.00    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| ON24 Inc                       | ON24 Inc                                 | CUSIP: 68339B104<br>LEI: 254900S6S9YKYTO9Q964 | Long             | EC               | CORP              | US        |    305648 | NS      | $1659668.64   | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Natural Health Trends Corp     | Natural Health Trends Corp               | CUSIP: 63888P406<br>LEI: 529900WSPRKOOD9HNF27 | Long             | EC               | CORP              | HK        |      7600 | NS      | $33744.00     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Quince Therapeutics Inc        | Quince Therapeutics Inc                  | CUSIP: 22053A107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     33495 | NS      | $55266.75     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| TrueCar Inc                    | TrueCar Inc                              | CUSIP: 89785L107<br>LEI: 549300KK16488YXWVE52 | Long             | EC               | CORP              | US        |     51800 | NS      | $98420.00     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Third Coast Bancshares Inc     | Third Coast Bancshares Inc               | CUSIP: 88422P109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     20659 | NS      | $674929.53    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Berry Corp                     | Berry Corp                               | CUSIP: 08579X101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    295700 | NS      | $819089.00    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| National Bankshares Inc        | National Bankshares Inc                  | CUSIP: 634865109<br>LEI: 549300Q745S62Q6QNW78 | Long             | EC               | CORP              | US        |      3637 | NS      | $98926.40     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| PCB Bancorp                    | PCB Bancorp                              | CUSIP: 69320M109<br>LEI: 549300E5CI0LZ8Q25890 | Long             | EC               | CORP              | US        |      3100 | NS      | $65038.00     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Skillsoft Corp                 | Skillsoft Corp                           | CUSIP: 83066P309<br>LEI: 213800IN3X8SP8HFLL39 | Long             | EC               | CORP              | US        |     31040 | NS      | $495708.80    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Envela Corp                    | Envela Corp                              | CUSIP: 29402E102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10000 | NS      | $61200.00     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Electronics Inc      | Universal Electronics Inc                | CUSIP: 913483103<br>LEI: 549300ZW9EULAR7T6F89 | Long             | EC               | CORP              | US        |     22845 | NS      | $151233.90    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Harte Hanks Inc                | Harte Hanks Inc                          | CUSIP: 416196202<br>LEI: 549300J5W5N8Q3OYMS84 | Long             | EC               | CORP              | US        |      8246 | NS      | $32819.08     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| BARK Inc                       | BARK Inc                                 | CUSIP: 68622E104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    548200 | NS      | $482141.90    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Inogen Inc                     | Inogen Inc                               | CUSIP: 45780L104<br>LEI: 549300J8WJIVTOJ8IH97 | Long             | EC               | CORP              | US        |    108851 | NS      | $765222.53    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Movado Group Inc               | Movado Group Inc                         | CUSIP: 624580106<br>LEI: 549300WCGCGPWGHVXM59 | Long             | EC               | CORP              | US        |    101453 | NS      | $1547158.25   | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Finward Bancorp                | Finward Bancorp                          | CUSIP: 31812F109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1442 | NS      | $39828.04     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| RumbleON Inc                   | RumbleON Inc                             | CUSIP: 781386305<br>LEI: 549300HTVW82DG77Y276 | Long             | EC               | CORP              | US        |     34840 | NS      | $80480.40     | 0.09%             |  |  |  | No            |                  1 | On Loan: —       |
| Quad/Graphics Inc              | Quad/Graphics Inc                        | CUSIP: 747301109<br>LEI: W2D68G5NJH4X0NW8PT65 | Long             | EC               | CORP              | US        |     62574 | NS      | $353543.10    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| ClearPoint Neuro Inc           | ClearPoint Neuro Inc                     | CUSIP: 18507C103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     66992 | NS      | $799884.48    | 0.92%             |  |  |  | No            |                  1 | On Loan: —       |
| Princeton Bancorp Inc          | Princeton Bancorp Inc                    | CUSIP: 74179A107<br>LEI: 549300ZWKMVQ4WLNLQ57 | Long             | EC               | CORP              | US        |     16773 | NS      | $512247.42    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Kewaunee Scientific Corp       | Kewaunee Scientific Corp                 | CUSIP: 492854104<br>LEI: 549300Z8MHH8NUYXQ229 | Long             | EC               | CORP              | US        |      6900 | NS      | $405030.00    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Meridian Corp                  | Meridian Corp                            | CUSIP: 58958P104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7843 | NS      | $101096.27    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| JAKKS Pacific Inc              | JAKKS Pacific Inc                        | CUSIP: 47012E403<br>LEI: 549300UEF3348JRXQ295 | Long             | EC               | CORP              | US        |      8872 | NS      | $184360.16    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Teads Holding Co               | Teads Holding Co                         | CUSIP: 69002R103<br>LEI: 549300TNEHRXPVGWVW07 | Long             | EC               | CORP              | US        |    177438 | NS      | $440046.24    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Hudson Global Inc              | Hudson Global Inc                        | CUSIP: 443787205<br>LEI: 54930073WVI9H7ILKL69 | Long             | EC               | CORP              | US        |     10958 | NS      | $93252.58     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| ElectroCore Inc                | ElectroCore Inc                          | CUSIP: 28531P202<br>LEI: 5493005O3QC5QV2L2186 | Long             | EC               | CORP              | US        |      8482 | NS      | $44784.96     | 0.05%             |  |  |  | No            |                  1 | On Loan: —       |
| Duluth Holdings Inc            | Duluth Holdings Inc                      | CUSIP: 26443V101<br>LEI: 549300B6G8G3WGHFYU15 | Long             | EC               | CORP              | US        |     10000 | NS      | $21000.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Rigel Pharmaceuticals Inc      | Rigel Pharmaceuticals Inc                | CUSIP: 766559702<br>LEI: 529900KPTNUS5J8K9K66 | Long             | EC               | CORP              | US        |     12520 | NS      | $234499.60    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| AG Mortgage Investment Trust I | AG Mortgage Investment Trust Inc         | CUSIP: 001228501<br>LEI: 549300SNP0PBR2XTFR48 | Long             | EC               | CORP              | US        |    104126 | NS      | $786151.30    | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| ACRES Commercial Realty Corp   | ACRES Commercial Realty Corp             | CUSIP: 00489Q102<br>LEI: 549300RUJWPCMY4JFR46 | Long             | EC               | CORP              | US        |      3800 | NS      | $68172.00     | 0.08%             |  |  |  | No            |                  1 | On Loan: —       |
| Fossil Group Inc               | Fossil Group Inc                         | CUSIP: 34988V106<br>LEI: DDMY8YZ6L8UEMS1FDM73 | Long             | EC               | CORP              | US        |    213300 | NS      | $315684.00    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Passage Bio Inc                | Passage Bio Inc                          | CUSIP: 702712100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    416042 | NS      | $166541.61    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Beachbody Co Inc/The           | Beachbody Co Inc/The                     | CUSIP: 073463309<br>LEI: 529900N925Z2E0IV1L91 | Long             | EC               | CORP              | US        |      6109 | NS      | $25169.08     | 0.03%             |  |  |  | No            |                  1 | On Loan: —       |
| Vanda Pharmaceuticals Inc      | Vanda Pharmaceuticals Inc                | CUSIP: 921659108<br>LEI: 529900AY8VOOQBKJ0O70 | Long             | EC               | CORP              | US        |     46100 | NS      | $217592.00    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Backblaze Inc                  | Backblaze Inc                            | CUSIP: 05637B105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     62000 | NS      | $341000.00    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Niagen Bioscience Inc          | Niagen Bioscience Inc                    | CUSIP: 171077407<br>LEI: 529900OPI7B8JPXCVS70 | Long             | EC               | CORP              | US        |     92179 | NS      | $1328299.39   | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Aterian Inc                    | Aterian Inc                              | CUSIP: 02156U200<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8860 | NS      | $14707.60     | 0.02%             |  |  |  | No            |                  1 | On Loan: —       |
| Sleep Number Corp              | Sleep Number Corp                        | CUSIP: 83125X103<br>LEI: 529900W0TZQLBT2DSS66 | Long             | EC               | CORP              | US        |      5100 | NS      | $34450.50     | 0.04%             |  |  |  | No            |                  1 | On Loan: —       |
| Epsilon Energy Ltd             | Epsilon Energy Ltd                       | CUSIP: 294375209<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    225397 | NS      | $1663429.86   | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Mastech Digital Inc            | Mastech Digital Inc                      | CUSIP: 57633B100<br>LEI: 549300GD5HFB0F451006 | Long             | EC               | CORP              | US        |     13697 | NS      | $98207.49     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| OptimizeRx Corp                | OptimizeRx Corp                          | CUSIP: 68401U204<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     99029 | NS      | $1336891.50   | 1.54%             |  |  |  | No            |                  1 | On Loan: —       |
| Lands' End Inc                 | Lands' End Inc                           | CUSIP: 51509F105<br>LEI: 54930016WOL7P2P67Q43 | Long             | EC               | CORP              | US        |      2900 | NS      | $31059.00     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| CS Disco Inc                   | CS Disco Inc                             | CUSIP: 126327105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    193652 | NS      | $846259.24    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| KLX Energy Services Holdings I | KLX Energy Services Holdings Inc         | CUSIP: 48253L205<br>LEI: 5493004D4S7MAO1H3U27 | Long             | EC               | CORP              | US        |     73872 | NS      | $138140.64    | 0.16%             |  |  |  | No            |                  1 | On Loan: —       |
| Avita Medical Inc              | Avita Medical Inc                        | CUSIP: 05380C102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     37600 | NS      | $198904.00    | 0.23%             |  |  |  | No            |                  1 | On Loan: —       |
| Mannatech Inc                  | Mannatech Inc                            | CUSIP: 563771203<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     23388 | NS      | $218677.80    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Cumberland Pharmaceuticals Inc | Cumberland Pharmaceuticals Inc           | CUSIP: 230770109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    137268 | NS      | $459847.80    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Taitron Components Inc         | Taitron Components Inc                   | CUSIP: 874028103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     68200 | NS      | $152768.00    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Evolution Petroleum Corp       | Evolution Petroleum Corp                 | CUSIP: 30049A107<br>LEI: 549300P9ZXGJZ6SSM116 | Long             | EC               | CORP              | US        |     19033 | NS      | $89455.10     | 0.10%             |  |  |  | No            |                  1 | On Loan: —       |
| Creative Medical Technology Ho | Creative Medical Technology Holdings Inc | CUSIP: 22529Y408<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1852 | NS      | $4907.80      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| iHeartMedia Inc                | iHeartMedia Inc                          | CUSIP: 45174J509<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    331481 | NS      | $583406.56    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Friedman Industries Inc        | Friedman Industries Inc                  | CUSIP: 358435105<br>LEI: 549300VI5ADYNC8C3G47 | Long             | EC               | CORP              | US        |     66821 | NS      | $1106555.76   | 1.28%             |  |  |  | No            |                  1 | On Loan: —       |
| Heron Therapeutics Inc         | Heron Therapeutics Inc                   | CUSIP: 427746102<br>LEI: 549300DR2I1DOPD2IX53 | Long             | EC               | CORP              | US        |    700000 | NS      | $1449000.00   | 1.67%             |  |  |  | No            |                  1 | On Loan: —       |
| KORU Medical Systems Inc       | KORU Medical Systems Inc                 | CUSIP: 759910102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     45305 | NS      | $162191.90    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Turtle Beach Corp              | Turtle Beach Corp                        | CUSIP: 900450206<br>LEI: 549300SZRV8U8PXSYI20 | Long             | EC               | CORP              | US        |     22600 | NS      | $312558.00    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Sagimet Biosciences Inc        | Sagimet Biosciences Inc                  | CUSIP: 786700104<br>LEI: 2549002OT2F8BV0VPD02 | Long             | EC               | CORP              | US        |    357741 | NS      | $2725986.42   | 3.15%             |  |  |  | No            |                  1 | On Loan: —       |
| Peoples Bancorp of North Carol | Peoples Bancorp of North Carolina Inc    | CUSIP: 710577107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7200 | NS      | $207720.00    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Ikena Oncology Inc             | Ikena Oncology Inc                       | CUSIP: 45175G108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     51100 | NS      | $68474.00     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Precision BioSciences Inc      | Precision BioSciences Inc                | CUSIP: 74019P207<br>LEI: 549300I5QGRS3BLHZH41 | Long             | EC               | CORP              | US        |     61901 | NS      | $259984.20    | 0.30%             |  |  |  | No            |                  1 | On Loan: —       |
| Astrotech Corp                 | Astrotech Corp                           | CUSIP: 046484309<br>LEI: 984500DA81B780C7D558 | Long             | EC               | CORP              | US        |      4700 | NS      | $27142.50     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Novusterra Inc                 | Novusterra Inc                           | CUSIP: 67012E104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     25745 | NS      | $514.90       | 0.00%             |  |  |  | No            |                  3 | On Loan: —       |
| Hudson Technologies Inc        | Hudson Technologies Inc                  | CUSIP: 444144109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    206842 | NS      | $1679557.04   | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| First Community Corp/SC        | First Community Corp/SC                  | CUSIP: 319835104<br>LEI: 549300TC167ECI9SMC70 | Long             | EC               | CORP              | US        |     10637 | NS      | $259330.06    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| CF Bankshares Inc              | CF Bankshares Inc                        | CUSIP: 12520L109<br>LEI: 5493005T7GGZJKF4UK64 | Long             | EC               | CORP              | US        |      4800 | NS      | $115056.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Airgain Inc                    | Airgain Inc                              | CUSIP: 00938A104<br>LEI: 549300LL8ZO53X8A5U98 | Long             | EC               | CORP              | US        |     11400 | NS      | $47310.00     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Red Violet Inc                 | Red Violet Inc                           | CUSIP: 75704L104<br>LEI: 549300T4EGADG881UU63 | Long             | EC               | CORP              | US        |      2700 | NS      | $132840.00    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Finwise Bancorp                | Finwise Bancorp                          | CUSIP: 31813A109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9700 | NS      | $145597.00    | 0.17%             |  |  |  | No            |                  1 | On Loan: —       |
| James River Group Holdings Ltd | James River Group Holdings Ltd           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |     55800 | NS      | $326988.00    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Security National Financial Co | Security National Financial Corp         | CUSIP: 814785309<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    146193 | NS      | $1440001.05   | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Chemung Financial Corp         | Chemung Financial Corp                   | CUSIP: 164024101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     25750 | NS      | $1248102.50   | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Educational Development Corp   | Educational Development Corp             | CUSIP: 281479105<br>LEI: 254900CR48GDX3OIGC82 | Long             | EC               | CORP              | US        |     55700 | NS      | $74081.00     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-25

**Name of Applicant:** Bridgeway Funds, Inc.

**Signature:** Deborah Hanna

**Name of Signer:** Deborah Hanna

**Title:** Secretary, Treasurer and Chief Compliance Officer