# EDGAR Filing Document

**Accession Number:** 0000891190
**File Stem:** 0001752724-25-182531
**Filing Date:** 2025-7
**Character Count:** 194929
**Document Hash:** ecb61879920624a2a7268886e6ae6a34
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-182531.hdr.sgml**: 20250729

**ACCESSION NUMBER**: 0001752724-25-182531

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250729

**DATE AS OF CHANGE**: 20250729

**PERIOD START**: 20250831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VANGUARD ADMIRAL FUNDS
- **CENTRAL INDEX KEY:** 0000891190

**ORGANIZATION NAME:**
- **EIN:** 232696041
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07043
- **FILM NUMBER:** 251161241

**BUSINESS ADDRESS:**
- **STREET 1:** P.O. BOX 2600, V26
- **CITY:** VALLEY FORGE
- **STATE:** PA
- **ZIP:** 19482
- **BUSINESS PHONE:** 6106691000

**MAIL ADDRESS:**
- **STREET 1:** P.O. BOX 2600  V26
- **CITY:** VALLEY FORGE
- **STATE:** PA
- **ZIP:** 19482

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** VANGUARD ADMIRAL FUNDS INC
- **DATE OF NAME CHANGE:** 19920908

## Series and Classes Contracts Data

### Vanguard S&P Mid-Cap 400 Index Fund (Series ID: S000030014)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000092038 | ETF Shares           | IVOO            |
| C000092039 | Institutional Shares | VSPMX           |

## Nport-Ex

Vanguard<sup>®</sup> S&P Mid-Cap 400 Index Fund

Schedule of Investments (unaudited)

As of May 31, 2025

The fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (SEC) for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT. The fund's Form N-PORT reports are available on the SEC's website at www.sec.gov.

---

| | | | |
|:---|:---|:---|:---|
|  |  | &nbsp;&nbsp;Shares | &nbsp;&nbsp;Market<br> Value<br> ($000) |
| **Common Stocks (99.7%)** | **Common Stocks (99.7%)** | **Common Stocks (99.7%)** | **Common Stocks (99.7%)** |
| **Communication Services (1.2%)** | **Communication Services (1.2%)** | **Communication Services (1.2%)** | **Communication Services (1.2%)** |
|  | New York Times Co. Class A | &nbsp;&nbsp;242714 | &nbsp;&nbsp;13864 |
| <sup>\*</sup> | Frontier Communications Parent Inc. | &nbsp;&nbsp;329675 | &nbsp;&nbsp;11944 |
|  | Nexstar Media Group Inc. Class A | &nbsp;&nbsp;&nbsp;&nbsp;43341 | &nbsp;&nbsp;&nbsp;&nbsp;7386 |
|  | Warner Music Group Corp. Class A | &nbsp;&nbsp;215446 | &nbsp;&nbsp;&nbsp;&nbsp;5670 |
|  | Iridium Communications Inc. | &nbsp;&nbsp;162039 | &nbsp;&nbsp;&nbsp;&nbsp;4116 |
| <sup>\*</sup> | ZoomInfo Technologies Inc. Class A | &nbsp;&nbsp;403848 | &nbsp;&nbsp;&nbsp;&nbsp;3857 |
| <sup>\*</sup> | EchoStar Corp. Class A | &nbsp;&nbsp;179902 | &nbsp;&nbsp;&nbsp;&nbsp;3190 |
|  |  |  | &nbsp;&nbsp;**50027** |
| **Consumer Discretionary (13.5%)** | **Consumer Discretionary (13.5%)** | **Consumer Discretionary (13.5%)** | **Consumer Discretionary (13.5%)** |
| <sup>\*</sup> | Duolingo Inc. Class A | &nbsp;&nbsp;&nbsp;&nbsp;56364 | &nbsp;&nbsp;29287 |
| <sup>\*</sup> | Burlington Stores Inc. | &nbsp;&nbsp;&nbsp;&nbsp;93416 | &nbsp;&nbsp;21324 |
|  | Somnigroup International Inc. | &nbsp;&nbsp;306068 | &nbsp;&nbsp;19913 |
|  | Texas Roadhouse Inc. Class A | &nbsp;&nbsp;&nbsp;&nbsp;99228 | &nbsp;&nbsp;19370 |
| <sup>\*</sup> | GameStop Corp. Class A | &nbsp;&nbsp;604712 | &nbsp;&nbsp;18020 |
|  | Service Corp. International | &nbsp;&nbsp;214490 | &nbsp;&nbsp;16730 |
|  | Aramark | &nbsp;&nbsp;394306 | &nbsp;&nbsp;15969 |
|  | Toll Brothers Inc. | &nbsp;&nbsp;148589 | &nbsp;&nbsp;15490 |
|  | Dick's Sporting Goods Inc. | &nbsp;&nbsp;&nbsp;&nbsp;86121 | &nbsp;&nbsp;15445 |
|  | Wingstop Inc. | &nbsp;&nbsp;&nbsp;&nbsp;43446 | &nbsp;&nbsp;14846 |
| <sup>\*</sup> | Planet Fitness Inc. Class A | &nbsp;&nbsp;125207 | &nbsp;&nbsp;12875 |
|  | Lithia Motors Inc. Class A | &nbsp;&nbsp;&nbsp;&nbsp;39620 | &nbsp;&nbsp;12556 |
| <sup>\*</sup> | TopBuild Corp. | &nbsp;&nbsp;&nbsp;&nbsp;43616 | &nbsp;&nbsp;12339 |
| <sup>\*</sup> | Skechers USA Inc. Class A | &nbsp;&nbsp;195711 | &nbsp;&nbsp;12142 |
| <sup>\*</sup> | Light & Wonder Inc. | &nbsp;&nbsp;131340 | &nbsp;&nbsp;11836 |
|  | Murphy USA Inc. | &nbsp;&nbsp;&nbsp;&nbsp;27092 | &nbsp;&nbsp;11563 |
| <sup>\*</sup> | Floor & Decor Holdings Inc. Class A | &nbsp;&nbsp;159489 | &nbsp;&nbsp;11434 |
|  | H&R Block Inc. | &nbsp;&nbsp;199075 | &nbsp;&nbsp;11337 |
| <sup>\*</sup> | Chewy Inc. Class A | &nbsp;&nbsp;246376 | &nbsp;&nbsp;11149 |
|  | Autoliv Inc. | &nbsp;&nbsp;106348 | &nbsp;&nbsp;10935 |
|  | Churchill Downs Inc. | &nbsp;&nbsp;109309 | &nbsp;&nbsp;10436 |
| <sup>\*</sup> | Ollie's Bargain Outlet Holdings Inc. | &nbsp;&nbsp;&nbsp;&nbsp;91141 | &nbsp;&nbsp;10158 |
| <sup>\*</sup> | Cava Group Inc. | &nbsp;&nbsp;120992 | &nbsp;&nbsp;&nbsp;&nbsp;9833 |
|  | Wyndham Hotels & Resorts Inc. | &nbsp;&nbsp;115628 | &nbsp;&nbsp;&nbsp;&nbsp;9572 |
| <sup>\*</sup> | Five Below Inc. | &nbsp;&nbsp;&nbsp;&nbsp;81805 | &nbsp;&nbsp;&nbsp;&nbsp;9536 |
| <sup>\*</sup> | Mattel Inc. | &nbsp;&nbsp;501008 | &nbsp;&nbsp;&nbsp;&nbsp;9489 |
|  | Bath & Body Works Inc. | &nbsp;&nbsp;322105 | &nbsp;&nbsp;&nbsp;&nbsp;9058 |
|  | Vail Resorts Inc. | &nbsp;&nbsp;&nbsp;&nbsp;55667 | &nbsp;&nbsp;&nbsp;&nbsp;8916 |
| <sup>\*</sup> | Taylor Morrison Home Corp. Class A | &nbsp;&nbsp;153834 | &nbsp;&nbsp;&nbsp;&nbsp;8658 |
| <sup>\*</sup> | Crocs Inc. | &nbsp;&nbsp;&nbsp;&nbsp;83352 | &nbsp;&nbsp;&nbsp;&nbsp;8502 |
| <sup>\*</sup> | Grand Canyon Education Inc. | &nbsp;&nbsp;&nbsp;&nbsp;42735 | &nbsp;&nbsp;&nbsp;&nbsp;8455 |
|  | Hyatt Hotels Corp. Class A | &nbsp;&nbsp;&nbsp;&nbsp;63405 | &nbsp;&nbsp;&nbsp;&nbsp;8371 |
|  | Boyd Gaming Corp. | &nbsp;&nbsp;&nbsp;&nbsp;98551 | &nbsp;&nbsp;&nbsp;&nbsp;7388 |
|  | Gap Inc. | &nbsp;&nbsp;330884 | &nbsp;&nbsp;&nbsp;&nbsp;7382 |
|  | Gentex Corp. | &nbsp;&nbsp;338086 | &nbsp;&nbsp;&nbsp;&nbsp;7293 |
|  | Lear Corp. | &nbsp;&nbsp;&nbsp;&nbsp;79728 | &nbsp;&nbsp;&nbsp;&nbsp;7209 |
| <sup>\*</sup> | AutoNation Inc. | &nbsp;&nbsp;&nbsp;&nbsp;38320 | &nbsp;&nbsp;&nbsp;&nbsp;7045 |
|  | PVH Corp. | &nbsp;&nbsp;&nbsp;&nbsp;82695 | &nbsp;&nbsp;&nbsp;&nbsp;6927 |
| <sup>\*</sup> | Valvoline Inc. | &nbsp;&nbsp;188903 | &nbsp;&nbsp;&nbsp;&nbsp;6534 |
|  | Whirlpool Corp. | &nbsp;&nbsp;&nbsp;&nbsp;82334 | &nbsp;&nbsp;&nbsp;&nbsp;6429 |
|  | Thor Industries Inc. | &nbsp;&nbsp;&nbsp;&nbsp;79106 | &nbsp;&nbsp;&nbsp;&nbsp;6423 |
|  | VF Corp. | &nbsp;&nbsp;492325 | &nbsp;&nbsp;&nbsp;&nbsp;6134 |
| <sup>\*</sup> | Abercrombie & Fitch Co. Class A | &nbsp;&nbsp;&nbsp;&nbsp;74867 | &nbsp;&nbsp;&nbsp;&nbsp;5876 |
|  | KB Home | &nbsp;&nbsp;103111 | &nbsp;&nbsp;&nbsp;&nbsp;5318 |
|  | Brunswick Corp. | &nbsp;&nbsp;&nbsp;&nbsp;97982 | &nbsp;&nbsp;&nbsp;&nbsp;4960 |
|  | Travel + Leisure Co. | &nbsp;&nbsp;101578 | &nbsp;&nbsp;&nbsp;&nbsp;4934 |
|  | Macy's Inc. | &nbsp;&nbsp;412403 | &nbsp;&nbsp;&nbsp;&nbsp;4904 |
| <sup>\*</sup> | Goodyear Tire & Rubber Co. | &nbsp;&nbsp;424284 | &nbsp;&nbsp;&nbsp;&nbsp;4841 |
|  | Graham Holdings Co. Class B | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5021 | &nbsp;&nbsp;&nbsp;&nbsp;4792 |
|  | Penske Automotive Group Inc. | &nbsp;&nbsp;&nbsp;&nbsp;27840 | &nbsp;&nbsp;&nbsp;&nbsp;4571 |
|  | Choice Hotels International Inc. | &nbsp;&nbsp;&nbsp;&nbsp;33171 | &nbsp;&nbsp;&nbsp;&nbsp;4202 |
|  | Harley-Davidson Inc. | &nbsp;&nbsp;170764 | &nbsp;&nbsp;&nbsp;&nbsp;4134 |
| <sup>\*</sup> | RH | &nbsp;&nbsp;&nbsp;&nbsp;22434 | &nbsp;&nbsp;&nbsp;&nbsp;4063 |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  |  | &nbsp;&nbsp;Shares | &nbsp;&nbsp;Market<br> Value<br> ($000) |
| <sup>\*</sup> | YETI Holdings Inc. | &nbsp;&nbsp;126264 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3859 |
| <sup>\*</sup> | Hilton Grand Vacations Inc. | &nbsp;&nbsp;&nbsp;&nbsp;92518 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3531 |
| <sup>\*</sup> | Visteon Corp. | &nbsp;&nbsp;&nbsp;&nbsp;40941 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3456 |
| <sup>\*</sup> | Capri Holdings Ltd. | &nbsp;&nbsp;175452 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3179 |
|  | Marriott Vacations Worldwide Corp. | &nbsp;&nbsp;&nbsp;&nbsp;47783 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3147 |
|  | Polaris Inc. | &nbsp;&nbsp;&nbsp;&nbsp;77704 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3048 |
|  | Columbia Sportswear Co. | &nbsp;&nbsp;&nbsp;&nbsp;47779 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3047 |
|  | Wendy's Co. | &nbsp;&nbsp;255510 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2913 |
| <sup>\*</sup> | Under Armour Inc. Class A | &nbsp;&nbsp;281662 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1890 |
| <sup>\*</sup> | Under Armour Inc. Class C | &nbsp;&nbsp;190569 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1201 |
|  |  |  | &nbsp;&nbsp;**566174** |
| **Consumer Staples (5.5%)** | **Consumer Staples (5.5%)** | **Consumer Staples (5.5%)** | **Consumer Staples (5.5%)** |
| <sup>\*</sup> | US Foods Holding Corp. | &nbsp;&nbsp;342656 | &nbsp;&nbsp;&nbsp;&nbsp;27111 |
| <sup>\*</sup> | Sprouts Farmers Market Inc. | &nbsp;&nbsp;148720 | &nbsp;&nbsp;&nbsp;&nbsp;25708 |
|  | Casey's General Stores Inc. | &nbsp;&nbsp;&nbsp;&nbsp;55207 | &nbsp;&nbsp;&nbsp;&nbsp;24167 |
| <sup>\*</sup> | BJ's Wholesale Club Holdings Inc. | &nbsp;&nbsp;196469 | &nbsp;&nbsp;&nbsp;&nbsp;22242 |
| <sup>\*</sup> | Performance Food Group Co. | &nbsp;&nbsp;232345 | &nbsp;&nbsp;&nbsp;&nbsp;20809 |
|  | Albertsons Cos. Inc. Class A | &nbsp;&nbsp;603214 | &nbsp;&nbsp;&nbsp;&nbsp;13409 |
|  | Ingredion Inc. | &nbsp;&nbsp;&nbsp;&nbsp;95950 | &nbsp;&nbsp;&nbsp;&nbsp;13349 |
| <sup>\*</sup> | BellRing Brands Inc. | &nbsp;&nbsp;190805 | &nbsp;&nbsp;&nbsp;&nbsp;12011 |
| <sup>\*</sup> | Maplebear Inc. | &nbsp;&nbsp;240710 | &nbsp;&nbsp;&nbsp;&nbsp;10993 |
|  | Coca-Cola Consolidated Inc. | &nbsp;&nbsp;&nbsp;&nbsp;87673 | &nbsp;&nbsp;&nbsp;&nbsp;10052 |
| <sup>\*</sup> | elf Beauty Inc. | &nbsp;&nbsp;&nbsp;&nbsp;83859 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9433 |
| <sup>\*</sup> | Celsius Holdings Inc. | &nbsp;&nbsp;234127 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8869 |
| <sup>\*</sup> | Post Holdings Inc. | &nbsp;&nbsp;&nbsp;&nbsp;68003 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7521 |
| <sup>\*</sup> | Darling Ingredients Inc. | &nbsp;&nbsp;236400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7366 |
|  | Flowers Foods Inc. | &nbsp;&nbsp;290770 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4914 |
|  | Lancaster Colony Corp. | &nbsp;&nbsp;&nbsp;&nbsp;28732 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4810 |
| <sup>\*</sup> | Boston Beer Co. Inc. Class A | &nbsp;&nbsp;&nbsp;&nbsp;12833 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2950 |
|  | Pilgrim's Pride Corp. | &nbsp;&nbsp;&nbsp;&nbsp;59991 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2949 |
| <sup>\*</sup> | Coty Inc. Class A | &nbsp;&nbsp;544912 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2686 |
|  |  |  | &nbsp;&nbsp;**231349** |
| **Energy (3.6%)** | **Energy (3.6%)** | **Energy (3.6%)** | **Energy (3.6%)** |
| <sup>\*</sup> | Antero Resources Corp. | &nbsp;&nbsp;435040 | &nbsp;&nbsp;&nbsp;&nbsp;16292 |
|  | DT Midstream Inc. | &nbsp;&nbsp;150703 | &nbsp;&nbsp;&nbsp;&nbsp;15785 |
|  | Ovintiv Inc. | &nbsp;&nbsp;387149 | &nbsp;&nbsp;&nbsp;&nbsp;13868 |
|  | Range Resources Corp. | &nbsp;&nbsp;358899 | &nbsp;&nbsp;&nbsp;&nbsp;13652 |
|  | Permian Resources Corp. | &nbsp;&nbsp;951324 | &nbsp;&nbsp;&nbsp;&nbsp;11996 |
|  | Antero Midstream Corp. | &nbsp;&nbsp;498244 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9357 |
|  | HF Sinclair Corp. | &nbsp;&nbsp;237776 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8591 |
|  | Chord Energy Corp. | &nbsp;&nbsp;&nbsp;&nbsp;90868 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8178 |
|  | Viper Energy Inc. Class A | &nbsp;&nbsp;195191 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7747 |
|  | Matador Resources Co. | &nbsp;&nbsp;172556 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7422 |
| <sup>\*</sup> | CNX Resources Corp. | &nbsp;&nbsp;221184 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7140 |
|  | ChampionX Corp. | &nbsp;&nbsp;283649 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6827 |
|  | NOV Inc. | &nbsp;&nbsp;566079 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6793 |
|  | Weatherford International plc | &nbsp;&nbsp;108455 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4729 |
|  | Murphy Oil Corp. | &nbsp;&nbsp;204111 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4272 |
| <sup>\*</sup> | Valaris Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;97499 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3668 |
|  | Civitas Resources Inc. | &nbsp;&nbsp;132318 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3622 |
|  | PBF Energy Inc. Class A | &nbsp;&nbsp;146060 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2782 |
|  |  |  | &nbsp;&nbsp;**152721** |
| **Financials (18.2%)** | **Financials (18.2%)** | **Financials (18.2%)** | **Financials (18.2%)** |
|  | Interactive Brokers Group Inc. Class A | &nbsp;&nbsp;161934 | &nbsp;&nbsp;&nbsp;&nbsp;33954 |
|  | Equitable Holdings Inc. | &nbsp;&nbsp;460924 | &nbsp;&nbsp;&nbsp;&nbsp;24369 |
|  | Fidelity National Financial Inc. | &nbsp;&nbsp;386644 | &nbsp;&nbsp;&nbsp;&nbsp;21177 |
|  | Unum Group | &nbsp;&nbsp;244402 | &nbsp;&nbsp;&nbsp;&nbsp;19970 |
|  | Reinsurance Group of America Inc. | &nbsp;&nbsp;&nbsp;&nbsp;97972 | &nbsp;&nbsp;&nbsp;&nbsp;19917 |
|  | East West Bancorp Inc. | &nbsp;&nbsp;206211 | &nbsp;&nbsp;&nbsp;&nbsp;18806 |
|  | RenaissanceRe Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;73253 | &nbsp;&nbsp;&nbsp;&nbsp;18271 |
|  | Annaly Capital Management Inc. | &nbsp;&nbsp;860318 | &nbsp;&nbsp;&nbsp;&nbsp;16303 |
|  | Kinsale Capital Group Inc. | &nbsp;&nbsp;&nbsp;&nbsp;32905 | &nbsp;&nbsp;&nbsp;&nbsp;15531 |
|  | First Horizon Corp. | &nbsp;&nbsp;779439 | &nbsp;&nbsp;&nbsp;&nbsp;15495 |
|  | Stifel Financial Corp. | &nbsp;&nbsp;151967 | &nbsp;&nbsp;&nbsp;&nbsp;14318 |
|  | Ally Financial Inc. | &nbsp;&nbsp;408790 | &nbsp;&nbsp;&nbsp;&nbsp;14308 |
|  | Carlyle Group Inc. | &nbsp;&nbsp;313862 | &nbsp;&nbsp;&nbsp;&nbsp;14187 |
|  | Houlihan Lokey Inc. Class A | &nbsp;&nbsp;&nbsp;&nbsp;80362 | &nbsp;&nbsp;&nbsp;&nbsp;14038 |
|  | Primerica Inc. | &nbsp;&nbsp;&nbsp;&nbsp;49640 | &nbsp;&nbsp;&nbsp;&nbsp;13433 |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  |  | &nbsp;&nbsp;Shares | &nbsp;&nbsp;Market<br> Value<br> ($000) |
|  | American Financial Group Inc. | &nbsp;&nbsp;&nbsp;&nbsp;107427 | &nbsp;&nbsp;&nbsp;&nbsp;13319 |
|  | Webster Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;254951 | &nbsp;&nbsp;&nbsp;&nbsp;13125 |
|  | Old Republic International Corp. | &nbsp;&nbsp;&nbsp;&nbsp;347041 | &nbsp;&nbsp;&nbsp;&nbsp;13118 |
|  | SouthState Corp. | &nbsp;&nbsp;&nbsp;&nbsp;146061 | &nbsp;&nbsp;&nbsp;&nbsp;12824 |
|  | Morningstar Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40190 | &nbsp;&nbsp;&nbsp;&nbsp;12395 |
|  | SEI Investments Co. | &nbsp;&nbsp;&nbsp;&nbsp;143402 | &nbsp;&nbsp;&nbsp;&nbsp;12226 |
|  | Evercore Inc. Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52655 | &nbsp;&nbsp;&nbsp;&nbsp;12189 |
|  | Cullen/Frost Bankers Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;95567 | &nbsp;&nbsp;&nbsp;&nbsp;12135 |
|  | Pinnacle Financial Partners Inc. | &nbsp;&nbsp;&nbsp;&nbsp;113856 | &nbsp;&nbsp;&nbsp;&nbsp;12101 |
|  | Wintrust Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;98919 | &nbsp;&nbsp;&nbsp;&nbsp;11812 |
|  | Jefferies Financial Group Inc. | &nbsp;&nbsp;&nbsp;&nbsp;242145 | &nbsp;&nbsp;&nbsp;&nbsp;11768 |
|  | Western Alliance Bancorp | &nbsp;&nbsp;&nbsp;&nbsp;162233 | &nbsp;&nbsp;&nbsp;&nbsp;11747 |
|  | Commerce Bancshares Inc. | &nbsp;&nbsp;&nbsp;&nbsp;181595 | &nbsp;&nbsp;&nbsp;&nbsp;11442 |
|  | Ryan Specialty Holdings Inc. Class A | &nbsp;&nbsp;&nbsp;&nbsp;158253 | &nbsp;&nbsp;&nbsp;&nbsp;11326 |
|  | Comerica Inc. | &nbsp;&nbsp;&nbsp;&nbsp;195470 | &nbsp;&nbsp;&nbsp;&nbsp;11159 |
|  | UMB Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;101224 | &nbsp;&nbsp;&nbsp;&nbsp;10438 |
|  | Zions Bancorp NA | &nbsp;&nbsp;&nbsp;&nbsp;219913 | &nbsp;&nbsp;&nbsp;&nbsp;10415 |
|  | SLM Corp. | &nbsp;&nbsp;&nbsp;&nbsp;312971 | &nbsp;&nbsp;&nbsp;&nbsp;10131 |
|  | Synovus Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;209931 | &nbsp;&nbsp;&nbsp;&nbsp;10041 |
|  | Old National Bancorp | &nbsp;&nbsp;&nbsp;&nbsp;474397 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9896 |
|  | Prosperity Bancshares Inc. | &nbsp;&nbsp;&nbsp;&nbsp;141668 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9867 |
|  | MGIC Investment Corp. | &nbsp;&nbsp;&nbsp;&nbsp;369499 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9773 |
| <sup>\*</sup> | Shift4 Payments Inc. Class A | &nbsp;&nbsp;&nbsp;&nbsp;102112 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9679 |
|  | Hamilton Lane Inc. Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64458 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9604 |
|  | RLI Corp. | &nbsp;&nbsp;&nbsp;&nbsp;124011 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9533 |
|  | Voya Financial Inc. | &nbsp;&nbsp;&nbsp;&nbsp;143087 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9518 |
|  | Hanover Insurance Group Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53583 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9430 |
|  | Starwood Property Trust Inc. | &nbsp;&nbsp;&nbsp;&nbsp;476298 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9407 |
|  | Essent Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;156145 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9056 |
|  | First American Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;153135 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8546 |
|  | Cadence Bank | &nbsp;&nbsp;&nbsp;&nbsp;272800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8266 |
|  | Selective Insurance Group Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;90377 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7955 |
|  | Home BancShares Inc. | &nbsp;&nbsp;&nbsp;&nbsp;274751 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7773 |
|  | United Bankshares Inc. | &nbsp;&nbsp;&nbsp;&nbsp;212283 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7672 |
|  | Affiliated Managers Group Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43486 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7654 |
|  | FNB Corp. | &nbsp;&nbsp;&nbsp;&nbsp;534675 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7416 |
|  | FirstCash Holdings Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57876 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7403 |
|  | Columbia Banking System Inc. | &nbsp;&nbsp;&nbsp;&nbsp;311563 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7284 |
|  | Hancock Whitney Corp. | &nbsp;&nbsp;&nbsp;&nbsp;127934 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6994 |
|  | Glacier Bancorp Inc. | &nbsp;&nbsp;&nbsp;&nbsp;168592 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6992 |
|  | Bank OZK | &nbsp;&nbsp;&nbsp;&nbsp;156859 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6954 |
| <sup>\*,1</sup> | WEX Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51904 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6900 |
|  | Janus Henderson Group plc | &nbsp;&nbsp;&nbsp;&nbsp;189111 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6870 |
|  | First Financial Bankshares Inc. | &nbsp;&nbsp;&nbsp;&nbsp;191209 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6742 |
| <sup>\*</sup> | Euronet Worldwide Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61381 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6646 |
|  | Valley National Bancorp | &nbsp;&nbsp;&nbsp;&nbsp;707226 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6209 |
|  | CNO Financial Group Inc. | &nbsp;&nbsp;&nbsp;&nbsp;151020 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5733 |
|  | Kemper Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;89261 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5689 |
|  | Associated Banc-Corp | &nbsp;&nbsp;&nbsp;&nbsp;243575 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5644 |
| <sup>\*</sup> | Brighthouse Financial Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;87295 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5221 |
|  | Flagstar Financial Inc. | &nbsp;&nbsp;&nbsp;&nbsp;450299 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5187 |
|  | International Bancshares Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;79458 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4976 |
| <sup>\*</sup> | Texas Capital Bancshares Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68567 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4916 |
|  | Federated Hermes Inc. Class B | &nbsp;&nbsp;&nbsp;&nbsp;116009 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4896 |
|  | Western Union Co. | &nbsp;&nbsp;&nbsp;&nbsp;503013 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4668 |
|  |  |  | &nbsp;&nbsp;**764757** |
| **Health Care (8.8%)** | **Health Care (8.8%)** | **Health Care (8.8%)** | **Health Care (8.8%)** |
| <sup>\*</sup> | Tenet Healthcare Corp. | &nbsp;&nbsp;&nbsp;&nbsp;141433 | &nbsp;&nbsp;&nbsp;&nbsp;23870 |
| <sup>\*</sup> | United Therapeutics Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66407 | &nbsp;&nbsp;&nbsp;&nbsp;21174 |
| <sup>\*</sup> | Illumina Inc. | &nbsp;&nbsp;&nbsp;&nbsp;235597 | &nbsp;&nbsp;&nbsp;&nbsp;19375 |
| <sup>\*</sup> | Neurocrine Biosciences Inc. | &nbsp;&nbsp;&nbsp;&nbsp;148301 | &nbsp;&nbsp;&nbsp;&nbsp;18244 |
|  | Encompass Health Corp. | &nbsp;&nbsp;&nbsp;&nbsp;149843 | &nbsp;&nbsp;&nbsp;&nbsp;18116 |
| <sup>\*</sup> | Exelixis Inc. | &nbsp;&nbsp;&nbsp;&nbsp;416300 | &nbsp;&nbsp;&nbsp;&nbsp;17918 |
| <sup>\*</sup> | BioMarin Pharmaceutical Inc. | &nbsp;&nbsp;&nbsp;&nbsp;283505 | &nbsp;&nbsp;&nbsp;&nbsp;16463 |
| <sup>\*</sup> | Hims & Hers Health Inc. | &nbsp;&nbsp;&nbsp;&nbsp;284353 | &nbsp;&nbsp;&nbsp;&nbsp;16083 |
| <sup>\*</sup> | Penumbra Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57082 | &nbsp;&nbsp;&nbsp;&nbsp;15239 |
| <sup>\*</sup> | Avantor Inc. | &nbsp;&nbsp;1012743 | &nbsp;&nbsp;&nbsp;&nbsp;13075 |
| <sup>\*</sup> | HealthEquity Inc. | &nbsp;&nbsp;&nbsp;&nbsp;128891 | &nbsp;&nbsp;&nbsp;&nbsp;12968 |
|  | Chemed Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22283 | &nbsp;&nbsp;&nbsp;&nbsp;12809 |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  |  | &nbsp;&nbsp;Shares | &nbsp;&nbsp;Market<br> Value<br> ($000) |
|  | Ensign Group Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;84805 | &nbsp;&nbsp;&nbsp;&nbsp;12488 |
| <sup>\*</sup> | Medpace Holdings Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37160 | &nbsp;&nbsp;&nbsp;&nbsp;10958 |
| <sup>\*</sup> | Masimo Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66096 | &nbsp;&nbsp;&nbsp;&nbsp;10741 |
| <sup>\*</sup> | Halozyme Therapeutics Inc. | &nbsp;&nbsp;&nbsp;&nbsp;189219 | &nbsp;&nbsp;&nbsp;&nbsp;10609 |
| <sup>\*</sup> | Doximity Inc. Class A | &nbsp;&nbsp;&nbsp;&nbsp;198570 | &nbsp;&nbsp;&nbsp;&nbsp;10343 |
| <sup>\*</sup> | Globus Medical Inc. Class A | &nbsp;&nbsp;&nbsp;&nbsp;169160 | &nbsp;&nbsp;&nbsp;&nbsp;10011 |
| <sup>\*</sup> | Jazz Pharmaceuticals plc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;89899 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9715 |
| <sup>\*</sup> | Repligen Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;77478 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9148 |
| <sup>\*</sup> | Option Care Health Inc. | &nbsp;&nbsp;&nbsp;&nbsp;252987 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8268 |
| <sup>\*</sup> | Lantheus Holdings Inc. | &nbsp;&nbsp;&nbsp;&nbsp;103349 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7809 |
| <sup>\*</sup> | Roivant Sciences Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;625798 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6878 |
| <sup>\*</sup> | Bio-Rad Laboratories Inc. Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28642 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6500 |
|  | Bruker Corp. | &nbsp;&nbsp;&nbsp;&nbsp;164471 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6036 |
| <sup>\*</sup> | Cytokinetics Inc. | &nbsp;&nbsp;&nbsp;&nbsp;175354 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5439 |
|  | Perrigo Co. plc | &nbsp;&nbsp;&nbsp;&nbsp;202731 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5427 |
| <sup>\*</sup> | Sarepta Therapeutics Inc. | &nbsp;&nbsp;&nbsp;&nbsp;141939 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5337 |
| <sup>\*</sup> | Haemonetics Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74640 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5054 |
|  | DENTSPLY SIRONA Inc. | &nbsp;&nbsp;&nbsp;&nbsp;295891 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4728 |
| <sup>\*</sup> | Envista Holdings Corp. | &nbsp;&nbsp;&nbsp;&nbsp;256323 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4683 |
| <sup>\*</sup> | Amedisys Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48758 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4587 |
| <sup>\*</sup> | LivaNova plc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;81013 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3504 |
| <sup>\*</sup> | Acadia Healthcare Co. Inc. | &nbsp;&nbsp;&nbsp;&nbsp;138456 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3135 |
| <sup>\*</sup> | Sotera Health Co. | &nbsp;&nbsp;&nbsp;&nbsp;228261 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2794 |
|  |  |  | &nbsp;&nbsp;**369526** |
| **Industrials (22.1%)** | **Industrials (22.1%)** | **Industrials (22.1%)** | **Industrials (22.1%)** |
|  | EMCOR Group Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68420 | &nbsp;&nbsp;&nbsp;&nbsp;32285 |
|  | RB Global Inc. | &nbsp;&nbsp;&nbsp;&nbsp;274299 | &nbsp;&nbsp;&nbsp;&nbsp;28884 |
|  | Comfort Systems USA Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52768 | &nbsp;&nbsp;&nbsp;&nbsp;25235 |
|  | Carlisle Cos. Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66127 | &nbsp;&nbsp;&nbsp;&nbsp;25140 |
|  | Curtiss-Wright Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56011 | &nbsp;&nbsp;&nbsp;&nbsp;24651 |
|  | Watsco Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51802 | &nbsp;&nbsp;&nbsp;&nbsp;22978 |
|  | AECOM | &nbsp;&nbsp;&nbsp;&nbsp;197364 | &nbsp;&nbsp;&nbsp;&nbsp;21680 |
|  | Graco Inc. | &nbsp;&nbsp;&nbsp;&nbsp;251142 | &nbsp;&nbsp;&nbsp;&nbsp;21262 |
| <sup>\*</sup> | XPO Inc. | &nbsp;&nbsp;&nbsp;&nbsp;174377 | &nbsp;&nbsp;&nbsp;&nbsp;19849 |
|  | Woodward Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;88287 | &nbsp;&nbsp;&nbsp;&nbsp;19099 |
|  | ITT Inc. | &nbsp;&nbsp;&nbsp;&nbsp;121064 | &nbsp;&nbsp;&nbsp;&nbsp;18225 |
| <sup>\*</sup> | Clean Harbors Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75362 | &nbsp;&nbsp;&nbsp;&nbsp;17091 |
|  | Owens Corning | &nbsp;&nbsp;&nbsp;&nbsp;127592 | &nbsp;&nbsp;&nbsp;&nbsp;17091 |
|  | BWX Technologies Inc. | &nbsp;&nbsp;&nbsp;&nbsp;136006 | &nbsp;&nbsp;&nbsp;&nbsp;17082 |
| <sup>\*</sup> | RBC Bearings Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46509 | &nbsp;&nbsp;&nbsp;&nbsp;17016 |
| <sup>\*</sup> | ATI Inc. | &nbsp;&nbsp;&nbsp;&nbsp;212149 | &nbsp;&nbsp;&nbsp;&nbsp;16896 |
|  | CNH Industrial NV | &nbsp;&nbsp;1300300 | &nbsp;&nbsp;&nbsp;&nbsp;16267 |
|  | Lincoln Electric Holdings Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;83920 | &nbsp;&nbsp;&nbsp;&nbsp;16246 |
|  | nVent Electric plc | &nbsp;&nbsp;&nbsp;&nbsp;245146 | &nbsp;&nbsp;&nbsp;&nbsp;16131 |
| <sup>\*</sup> | Core & Main Inc. Class A | &nbsp;&nbsp;&nbsp;&nbsp;282873 | &nbsp;&nbsp;&nbsp;&nbsp;15504 |
| <sup>\*</sup> | MasTec Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91567 | &nbsp;&nbsp;&nbsp;&nbsp;14278 |
| <sup>\*</sup> | CACI International Inc. Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33346 | &nbsp;&nbsp;&nbsp;&nbsp;14272 |
|  | Tetra Tech Inc. | &nbsp;&nbsp;&nbsp;&nbsp;398670 | &nbsp;&nbsp;&nbsp;&nbsp;13929 |
|  | Mueller Industries Inc. | &nbsp;&nbsp;&nbsp;&nbsp;169158 | &nbsp;&nbsp;&nbsp;&nbsp;13172 |
|  | Regal Rexnord Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;98503 | &nbsp;&nbsp;&nbsp;&nbsp;13144 |
|  | Applied Industrial Technologies Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57080 | &nbsp;&nbsp;&nbsp;&nbsp;12930 |
|  | Crane Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72352 | &nbsp;&nbsp;&nbsp;&nbsp;12401 |
| <sup>\*</sup> | Paylocity Holding Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64842 | &nbsp;&nbsp;&nbsp;&nbsp;12378 |
|  | Donaldson Co. Inc. | &nbsp;&nbsp;&nbsp;&nbsp;177625 | &nbsp;&nbsp;&nbsp;&nbsp;12354 |
| <sup>\*</sup> | NEXTracker Inc. Class A | &nbsp;&nbsp;&nbsp;&nbsp;213743 | &nbsp;&nbsp;&nbsp;&nbsp;12117 |
|  | Acuity Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45605 | &nbsp;&nbsp;&nbsp;&nbsp;11852 |
| <sup>\*</sup> | Middleby Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;80005 | &nbsp;&nbsp;&nbsp;&nbsp;11691 |
|  | Advanced Drainage Systems Inc. | &nbsp;&nbsp;&nbsp;&nbsp;105001 | &nbsp;&nbsp;&nbsp;&nbsp;11546 |
|  | Toro Co. | &nbsp;&nbsp;&nbsp;&nbsp;149656 | &nbsp;&nbsp;&nbsp;&nbsp;11341 |
| <sup>\*</sup> | American Airlines Group Inc. | &nbsp;&nbsp;&nbsp;&nbsp;978093 | &nbsp;&nbsp;&nbsp;&nbsp;11160 |
|  | WESCO International Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66041 | &nbsp;&nbsp;&nbsp;&nbsp;11088 |
| <sup>\*</sup> | ExlService Holdings Inc. | &nbsp;&nbsp;&nbsp;&nbsp;239322 | &nbsp;&nbsp;&nbsp;&nbsp;11006 |
|  | Knight-Swift Transportation Holdings Inc. Class A | &nbsp;&nbsp;&nbsp;&nbsp;240791 | &nbsp;&nbsp;&nbsp;&nbsp;10672 |
| <sup>\*</sup> | Fluor Corp. | &nbsp;&nbsp;&nbsp;&nbsp;255095 | &nbsp;&nbsp;&nbsp;&nbsp;10607 |
| <sup>\*</sup> | Saia Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39555 | &nbsp;&nbsp;&nbsp;&nbsp;10459 |
|  | Esab Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;84509 | &nbsp;&nbsp;&nbsp;&nbsp;10394 |
|  | KBR Inc. | &nbsp;&nbsp;&nbsp;&nbsp;198178 | &nbsp;&nbsp;&nbsp;&nbsp;10343 |
|  | Genpact Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;239021 | &nbsp;&nbsp;&nbsp;&nbsp;10290 |
|  | Watts Water Technologies Inc. Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40703 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9855 |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  |  | &nbsp;&nbsp;Shares | &nbsp;&nbsp;Market<br> Value<br> ($000) |
| <sup>\*</sup> | Chart Industries Inc. | &nbsp;&nbsp;&nbsp;&nbsp;62539 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9810 |
|  | Simpson Manufacturing Co. Inc. | &nbsp;&nbsp;&nbsp;&nbsp;62712 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9764 |
|  | Flowserve Corp. | &nbsp;&nbsp;195384 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9752 |
|  | AAON Inc. | &nbsp;&nbsp;100341 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9662 |
|  | Oshkosh Corp. | &nbsp;&nbsp;&nbsp;&nbsp;96763 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9598 |
|  | MSA Safety Inc. | &nbsp;&nbsp;&nbsp;&nbsp;58369 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9512 |
|  | Valmont Industries Inc. | &nbsp;&nbsp;&nbsp;&nbsp;29799 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9477 |
| <sup>\*</sup> | Kirby Corp. | &nbsp;&nbsp;&nbsp;&nbsp;85363 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9445 |
| <sup>\*</sup> | Alaska Air Group Inc. | &nbsp;&nbsp;183036 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9322 |
|  | Fortune Brands Innovations Inc. | &nbsp;&nbsp;184734 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9311 |
|  | Ryder System Inc. | &nbsp;&nbsp;&nbsp;&nbsp;62596 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9210 |
|  | AGCO Corp. | &nbsp;&nbsp;&nbsp;&nbsp;92130 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9027 |
| <sup>\*</sup> | Trex Co. Inc. | &nbsp;&nbsp;159328 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8902 |
|  | UFP Industries Inc. | &nbsp;&nbsp;&nbsp;&nbsp;90293 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8809 |
| <sup>\*</sup> | FTI Consulting Inc. | &nbsp;&nbsp;&nbsp;&nbsp;52519 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8621 |
|  | GATX Corp. | &nbsp;&nbsp;&nbsp;&nbsp;52823 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8411 |
|  | Science Applications International Corp. | &nbsp;&nbsp;&nbsp;&nbsp;72678 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8397 |
| <sup>\*</sup> | GXO Logistics Inc. | &nbsp;&nbsp;177659 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7309 |
|  | Landstar System Inc. | &nbsp;&nbsp;&nbsp;&nbsp;52498 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7204 |
|  | Timken Co. | &nbsp;&nbsp;&nbsp;&nbsp;94845 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6496 |
|  | Hexcel Corp. | &nbsp;&nbsp;120593 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6378 |
|  | Maximus Inc. | &nbsp;&nbsp;&nbsp;&nbsp;84111 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6099 |
|  | Sensata Technologies Holding plc | &nbsp;&nbsp;222288 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5793 |
|  | Exponent Inc. | &nbsp;&nbsp;&nbsp;&nbsp;75412 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5757 |
|  | MSC Industrial Direct Co. Inc. Class A | &nbsp;&nbsp;&nbsp;&nbsp;66532 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5402 |
|  | Brink's Co. | &nbsp;&nbsp;&nbsp;&nbsp;64849 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5321 |
|  | EnerSys | &nbsp;&nbsp;&nbsp;&nbsp;58707 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4910 |
| <sup>\*</sup> | Parsons Corp. | &nbsp;&nbsp;&nbsp;&nbsp;69563 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4510 |
|  | Terex Corp. | &nbsp;&nbsp;&nbsp;&nbsp;98955 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4454 |
|  | Concentrix Corp. | &nbsp;&nbsp;&nbsp;&nbsp;68740 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3847 |
|  | Insperity Inc. | &nbsp;&nbsp;&nbsp;&nbsp;52653 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3408 |
| <sup>\*</sup> | Avis Budget Group Inc. | &nbsp;&nbsp;&nbsp;&nbsp;25097 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3057 |
|  | ManpowerGroup Inc. | &nbsp;&nbsp;&nbsp;&nbsp;70006 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2937 |
|  |  |  | &nbsp;&nbsp;**931803** |
| **Information Technology (11.1%)** | **Information Technology (11.1%)** | **Information Technology (11.1%)** | **Information Technology (11.1%)** |
| <sup>\*</sup> | Guidewire Software Inc. | &nbsp;&nbsp;124228 | &nbsp;&nbsp;&nbsp;&nbsp;26711 |
| <sup>\*</sup> | Docusign Inc. | &nbsp;&nbsp;300476 | &nbsp;&nbsp;&nbsp;&nbsp;26625 |
| <sup>\*</sup> | Okta Inc. | &nbsp;&nbsp;243329 | &nbsp;&nbsp;&nbsp;&nbsp;25104 |
| <sup>\*</sup> | Pure Storage Inc. Class A | &nbsp;&nbsp;460973 | &nbsp;&nbsp;&nbsp;&nbsp;24704 |
| <sup>\*</sup> | Flex Ltd. | &nbsp;&nbsp;569839 | &nbsp;&nbsp;&nbsp;&nbsp;24104 |
| <sup>\*</sup> | Dynatrace Inc. | &nbsp;&nbsp;445250 | &nbsp;&nbsp;&nbsp;&nbsp;24048 |
| <sup>\*</sup> | Coherent Corp. | &nbsp;&nbsp;230485 | &nbsp;&nbsp;&nbsp;&nbsp;17432 |
| <sup>\*</sup> | Manhattan Associates Inc. | &nbsp;&nbsp;&nbsp;&nbsp;90912 | &nbsp;&nbsp;&nbsp;&nbsp;17162 |
| <sup>\*</sup> | Ciena Corp. | &nbsp;&nbsp;211386 | &nbsp;&nbsp;&nbsp;&nbsp;16924 |
|  | Entegris Inc. | &nbsp;&nbsp;224797 | &nbsp;&nbsp;&nbsp;&nbsp;15453 |
| <sup>\*</sup> | Kyndryl Holdings Inc. | &nbsp;&nbsp;346092 | &nbsp;&nbsp;&nbsp;&nbsp;13511 |
| <sup>\*</sup> | Fabrinet | &nbsp;&nbsp;&nbsp;&nbsp;53529 | &nbsp;&nbsp;&nbsp;&nbsp;12465 |
| <sup>\*</sup> | Commvault Systems Inc. | &nbsp;&nbsp;&nbsp;&nbsp;65442 | &nbsp;&nbsp;&nbsp;&nbsp;11986 |
|  | TD SYNNEX Corp. | &nbsp;&nbsp;&nbsp;&nbsp;94581 | &nbsp;&nbsp;&nbsp;&nbsp;11476 |
| <sup>\*</sup> | MACOM Technology Solutions Holdings Inc. | &nbsp;&nbsp;&nbsp;&nbsp;88466 | &nbsp;&nbsp;&nbsp;&nbsp;10758 |
|  | Universal Display Corp. | &nbsp;&nbsp;&nbsp;&nbsp;65639 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9409 |
| <sup>\*</sup> | Dropbox Inc. Class A | &nbsp;&nbsp;321836 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9288 |
| <sup>\*</sup> | Lattice Semiconductor Corp. | &nbsp;&nbsp;205195 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9221 |
| <sup>\*</sup> | Arrow Electronics Inc. | &nbsp;&nbsp;&nbsp;&nbsp;77569 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9183 |
| <sup>\*</sup> | Rambus Inc. | &nbsp;&nbsp;158453 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8472 |
|  | MKS Inc. | &nbsp;&nbsp;100056 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8224 |
|  | Vontier Corp. | &nbsp;&nbsp;221003 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7901 |
| <sup>\*</sup> | Cirrus Logic Inc. | &nbsp;&nbsp;&nbsp;&nbsp;79001 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7770 |
|  | Cognex Corp. | &nbsp;&nbsp;252459 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7566 |
|  | Littelfuse Inc. | &nbsp;&nbsp;&nbsp;&nbsp;36880 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7563 |
| <sup>\*</sup> | Qualys Inc. | &nbsp;&nbsp;&nbsp;&nbsp;54404 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7538 |
| <sup>\*</sup> | Lumentum Holdings Inc. | &nbsp;&nbsp;102864 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7435 |
| <sup>\*</sup> | Appfolio Inc. Class A | &nbsp;&nbsp;&nbsp;&nbsp;34554 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7297 |
|  | Dolby Laboratories Inc. Class A | &nbsp;&nbsp;&nbsp;&nbsp;90985 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6757 |
| <sup>\*</sup> | Onto Innovation Inc. | &nbsp;&nbsp;&nbsp;&nbsp;73427 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6751 |
| <sup>\*</sup> | Novanta Inc. | &nbsp;&nbsp;&nbsp;&nbsp;53397 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6612 |
|  | Pegasystems Inc. | &nbsp;&nbsp;&nbsp;&nbsp;66356 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6513 |
|  | Avnet Inc. | &nbsp;&nbsp;128592 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6431 |
|  | Belden Inc. | &nbsp;&nbsp;&nbsp;&nbsp;59859 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6357 |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  |  | &nbsp;&nbsp;Shares | &nbsp;&nbsp;Market<br> Value<br> ($000) |
| <sup>\*</sup> | BILL Holdings Inc. | &nbsp;&nbsp;139411 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6089 |
| <sup>\*</sup> | Silicon Laboratories Inc. | &nbsp;&nbsp;&nbsp;&nbsp;48238 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5814 |
| <sup>\*</sup> | Allegro MicroSystems Inc. | &nbsp;&nbsp;194225 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4924 |
|  | Power Integrations Inc. | &nbsp;&nbsp;&nbsp;&nbsp;84736 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4214 |
|  | Crane NXT Co. | &nbsp;&nbsp;&nbsp;&nbsp;73275 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3928 |
| <sup>\*</sup> | Blackbaud Inc. | &nbsp;&nbsp;&nbsp;&nbsp;56746 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3531 |
| <sup>\*</sup> | ASGN Inc. | &nbsp;&nbsp;&nbsp;&nbsp;65796 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3475 |
| <sup>\*</sup> | Synaptics Inc. | &nbsp;&nbsp;&nbsp;&nbsp;58451 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3435 |
|  | Amkor Technology Inc. | &nbsp;&nbsp;168844 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3043 |
| <sup>\*</sup> | IPG Photonics Corp. | &nbsp;&nbsp;&nbsp;&nbsp;39307 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2604 |
|  |  |  | &nbsp;&nbsp;**465808** |
| **Materials (5.9%)** | **Materials (5.9%)** | **Materials (5.9%)** | **Materials (5.9%)** |
|  | Reliance Inc. | &nbsp;&nbsp;&nbsp;&nbsp;80498 | &nbsp;&nbsp;&nbsp;&nbsp;23572 |
|  | RPM International Inc. | &nbsp;&nbsp;191206 | &nbsp;&nbsp;&nbsp;&nbsp;21767 |
|  | United States Steel Corp. | &nbsp;&nbsp;334896 | &nbsp;&nbsp;&nbsp;&nbsp;18024 |
|  | Carpenter Technology Corp. | &nbsp;&nbsp;&nbsp;&nbsp;74291 | &nbsp;&nbsp;&nbsp;&nbsp;17458 |
|  | Royal Gold Inc. | &nbsp;&nbsp;&nbsp;&nbsp;97812 | &nbsp;&nbsp;&nbsp;&nbsp;17422 |
|  | Crown Holdings Inc. | &nbsp;&nbsp;174104 | &nbsp;&nbsp;&nbsp;&nbsp;17149 |
|  | AptarGroup Inc. | &nbsp;&nbsp;&nbsp;&nbsp;98898 | &nbsp;&nbsp;&nbsp;&nbsp;15666 |
|  | Alcoa Corp. | &nbsp;&nbsp;384249 | &nbsp;&nbsp;&nbsp;&nbsp;10286 |
|  | Eagle Materials Inc. | &nbsp;&nbsp;&nbsp;&nbsp;49515 | &nbsp;&nbsp;&nbsp;&nbsp;10013 |
| <sup>\*</sup> | Axalta Coating Systems Ltd. | &nbsp;&nbsp;324407 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9992 |
|  | Graphic Packaging Holding Co. | &nbsp;&nbsp;446482 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9921 |
|  | Louisiana-Pacific Corp. | &nbsp;&nbsp;&nbsp;&nbsp;92943 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8371 |
| <sup>\*</sup> | Knife River Corp. | &nbsp;&nbsp;&nbsp;&nbsp;84167 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7920 |
|  | Commercial Metals Co. | &nbsp;&nbsp;168926 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7870 |
|  | NewMarket Corp. | &nbsp;&nbsp;&nbsp;&nbsp;11328 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7296 |
|  | Sonoco Products Co. | &nbsp;&nbsp;146060 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6652 |
|  | Silgan Holdings Inc. | &nbsp;&nbsp;120663 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6645 |
|  | Cabot Corp. | &nbsp;&nbsp;&nbsp;&nbsp;80591 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6019 |
|  | Avient Corp. | &nbsp;&nbsp;136006 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4914 |
| <sup>\*</sup> | Cleveland-Cliffs Inc. | &nbsp;&nbsp;718900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4191 |
|  | Scotts Miracle-Gro Co. | &nbsp;&nbsp;&nbsp;&nbsp;64240 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3826 |
|  | Westlake Corp. | &nbsp;&nbsp;&nbsp;&nbsp;49823 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3539 |
|  | Ashland Inc. | &nbsp;&nbsp;&nbsp;&nbsp;70354 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3483 |
|  | Olin Corp. | &nbsp;&nbsp;172480 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3348 |
|  | Greif Inc. Class A | &nbsp;&nbsp;&nbsp;&nbsp;38568 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2144 |
|  |  |  | &nbsp;&nbsp;**247488** |
| **Real Estate (6.9%)** | **Real Estate (6.9%)** | **Real Estate (6.9%)** | **Real Estate (6.9%)** |
|  | WP Carey Inc. | &nbsp;&nbsp;325519 | &nbsp;&nbsp;&nbsp;&nbsp;20430 |
|  | Gaming & Leisure Properties Inc. | &nbsp;&nbsp;408151 | &nbsp;&nbsp;&nbsp;&nbsp;19061 |
|  | Equity LifeStyle Properties Inc. | &nbsp;&nbsp;284200 | &nbsp;&nbsp;&nbsp;&nbsp;18067 |
|  | American Homes 4 Rent Class A | &nbsp;&nbsp;471868 | &nbsp;&nbsp;&nbsp;&nbsp;17860 |
|  | Lamar Advertising Co. Class A | &nbsp;&nbsp;130794 | &nbsp;&nbsp;&nbsp;&nbsp;15766 |
| <sup>\*</sup> | Jones Lang LaSalle Inc. | &nbsp;&nbsp;&nbsp;&nbsp;70572 | &nbsp;&nbsp;&nbsp;&nbsp;15716 |
|  | Omega Healthcare Investors Inc. | &nbsp;&nbsp;419212 | &nbsp;&nbsp;&nbsp;&nbsp;15511 |
|  | CubeSmart | &nbsp;&nbsp;336395 | &nbsp;&nbsp;&nbsp;&nbsp;14384 |
|  | EastGroup Properties Inc. | &nbsp;&nbsp;&nbsp;&nbsp;77263 | &nbsp;&nbsp;&nbsp;&nbsp;13100 |
|  | Agree Realty Corp. | &nbsp;&nbsp;159231 | &nbsp;&nbsp;&nbsp;&nbsp;11990 |
|  | Rexford Industrial Realty Inc. | &nbsp;&nbsp;338433 | &nbsp;&nbsp;&nbsp;&nbsp;11926 |
|  | NNN REIT Inc. | &nbsp;&nbsp;278989 | &nbsp;&nbsp;&nbsp;&nbsp;11651 |
|  | Brixmor Property Group Inc. | &nbsp;&nbsp;455071 | &nbsp;&nbsp;&nbsp;&nbsp;11563 |
|  | STAG Industrial Inc. | &nbsp;&nbsp;277405 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9870 |
|  | First Industrial Realty Trust Inc. | &nbsp;&nbsp;196866 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9731 |
|  | Vornado Realty Trust | &nbsp;&nbsp;246911 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9301 |
|  | Healthcare Realty Trust Inc. Class A | &nbsp;&nbsp;526881 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7640 |
|  | Kite Realty Group Trust | &nbsp;&nbsp;326585 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7224 |
|  | Cousins Properties Inc. | &nbsp;&nbsp;249258 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6997 |
|  | Independence Realty Trust Inc. | &nbsp;&nbsp;342571 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6368 |
|  | EPR Properties | &nbsp;&nbsp;112532 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6267 |
|  | Sabra Health Care REIT Inc. | &nbsp;&nbsp;351627 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6147 |
|  | Kilroy Realty Corp. | &nbsp;&nbsp;158270 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5096 |
|  | Rayonier Inc. | &nbsp;&nbsp;208708 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4946 |
|  | COPT Defense Properties | &nbsp;&nbsp;167686 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4603 |
|  | PotlatchDeltic Corp. | &nbsp;&nbsp;106821 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4202 |
|  | National Storage Affiliates Trust | &nbsp;&nbsp;103976 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3577 |
|  | Park Hotels & Resorts Inc. | &nbsp;&nbsp;307935 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3190 |
|  |  |  | &nbsp;&nbsp;**292184** |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  |  | &nbsp;&nbsp;**Shares** | &nbsp;&nbsp;**Market<br> Value<br> ($000)** |
| **Utilities (2.9%)** | **Utilities (2.9%)** | **Utilities (2.9%)** | **Utilities (2.9%)** |
|  | Essential Utilities Inc. | &nbsp;&nbsp;375807 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14480 |
|  | OGE Energy Corp. | &nbsp;&nbsp;298970 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13295 |
|  | UGI Corp. | &nbsp;&nbsp;319577 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11524 |
|  | National Fuel Gas Co. | &nbsp;&nbsp;134710 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11119 |
|  | IDACORP Inc. | &nbsp;&nbsp;&nbsp;&nbsp;79212 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9422 |
|  | TXNM Energy Inc. | &nbsp;&nbsp;134059 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7600 |
|  | Portland General Electric Co. | &nbsp;&nbsp;162554 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6892 |
|  | New Jersey Resources Corp. | &nbsp;&nbsp;148975 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6837 |
|  | Spire Inc. | &nbsp;&nbsp;&nbsp;&nbsp;86733 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6529 |
|  | Southwest Gas Holdings Inc. | &nbsp;&nbsp;&nbsp;&nbsp;89518 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6430 |
|  | Ormat Technologies Inc. | &nbsp;&nbsp;&nbsp;&nbsp;85426 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6350 |
|  | ONE Gas Inc. | &nbsp;&nbsp;&nbsp;&nbsp;84213 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6296 |
|  | Black Hills Corp. | &nbsp;&nbsp;106436 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6223 |
|  | ALLETE Inc. | &nbsp;&nbsp;&nbsp;&nbsp;86279 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5612 |
|  | Northwestern Energy Group Inc. | &nbsp;&nbsp;&nbsp;&nbsp;91293 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5051 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;**123660** |
| **Total Common Stocks (Cost $3,461,300)** | **Total Common Stocks (Cost $3,461,300)** | **Total Common Stocks (Cost $3,461,300)** | **4195497** |
|  | &nbsp;&nbsp;Coupon |  |  |
| **Temporary Cash Investments (0.2%)** | **Temporary Cash Investments (0.2%)** | **Temporary Cash Investments (0.2%)** | **Temporary Cash Investments (0.2%)** |
| **Money Market Fund (0.2%)** | **Money Market Fund (0.2%)** | **Money Market Fund (0.2%)** | **Money Market Fund (0.2%)** |
| <sup>2,3</sup> | &nbsp;&nbsp;4.342% | &nbsp;&nbsp;&nbsp;&nbsp;75296 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**7529** |
| **Total Investments (99.9%) (Cost $3,468,828)** | **Total Investments (99.9%) (Cost $3,468,828)** |  | &nbsp;&nbsp;**4203026** |
| **Other Assets and Liabilities—Net (0.1%)** | **Other Assets and Liabilities—Net (0.1%)** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2871** |
| **Net Assets (100%)** | **Net Assets (100%)** |  | &nbsp;&nbsp;**4205897** |

---

Cost is in $000.

---

| | |
|:---|:---|
| \* | Non-income-producing security. |
| 1 | Includes partial security positions on loan to broker-dealers. The total value of securities on loan is $1,063. |
| 2 | Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield. |
| 3 | Collateral of $1,104 was received for securities on loan. |

---

REIT—Real Estate Investment Trust.

------

#### Derivative Financial Instruments Outstanding as of Period End

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Futures Contracts | Futures Contracts | Futures Contracts | Futures Contracts | Futures Contracts |
|  |  |  | ($000) | ($000) |
|  | Expiration | Number of<br> Long (Short)<br> Contracts | Notional<br> Amount | &nbsp;&nbsp;Value and<br> Unrealized<br> Appreciation<br> (Depreciation) |
| Long Futures Contracts | Long Futures Contracts | Long Futures Contracts | Long Futures Contracts | Long Futures Contracts |
| E-mini S&P Mid-Cap 400 Index | June 2025 | 27 | 8111 | &nbsp;&nbsp;445 |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| Over-the-Counter Total Return Swaps | Over-the-Counter Total Return Swaps | Over-the-Counter Total Return Swaps | Over-the-Counter Total Return Swaps | Over-the-Counter Total Return Swaps | Over-the-Counter Total Return Swaps | Over-the-Counter Total Return Swaps |
| Reference Entity | Termination<br> Date | Counterparty | Notional<br> Amount<br> ($000) | Floating<br> Interest<br> Rate<br> Received<br> (Paid)<sup>1</sup><br> (%) | Value and<br> Unrealized<br> Appreciation<br> ($000) | Value and<br> Unrealized<br> (Depreciation)<br> ($000) |
| TD SYNNEX Corp. | 8/29/25 | BANA | 1939 | (4.338) | 178 |  |

---

1 Based on Overnight Bank Funding Rate as of the most recent reset date. Floating interest payment received/paid monthly. <br> BANA—Bank of America, N.A.

------

A. Security Valuation: Securities are valued as of the close of trading on the New York Stock Exchange (generally 4 p.m., Eastern time) on the valuation date. Equity securities are valued at the latest quoted sales prices or official closing prices taken from the primary market in which each security trades; such securities not traded on the valuation date are valued at the mean of the latest quoted bid and asked prices. Securities for which market quotations are not readily available, or whose values have been affected by events occurring before the fund's pricing time but after the close of the securities' primary markets, are valued by methods deemed by the valuation designee to represent fair value and subject to oversight by the board of trustees. Investments in Vanguard Market Liquidity Fund are valued at that fund's net asset value.

B. Futures Contracts: The fund uses index futures contracts to a limited extent, with the objectives of maintaining full exposure to the stock market, maintaining liquidity, and minimizing transaction costs. The fund may purchase futures contracts to immediately invest incoming cash in the market, or sell futures in response to cash outflows, thereby simulating a fully invested position in the underlying index while maintaining a cash balance for liquidity. The primary risks associated with the use of futures contracts are imperfect correlation between changes in market values of stocks held by the fund and the prices of futures contracts, and the possibility of an illiquid market. Counterparty risk involving futures is mitigated because a regulated clearinghouse is the counterparty instead of the clearing broker. To further mitigate counterparty risk, the fund trades futures contracts on an exchange, monitors the financial strength of its clearing brokers and clearinghouse, and has entered into clearing agreements with its clearing brokers. The clearinghouse imposes initial margin requirements to secure the fund's performance and requires daily settlement of variation margin representing changes in the market value of each contract. Any securities pledged as initial margin for open contracts are noted in the Schedule of Investments.

Futures contracts are valued at their quoted daily settlement prices. Fluctuations in the value of the contracts are recorded as an asset (liability).

C. Swap Contracts: The fund has entered into equity swap contracts to earn the total return on selected reference stocks or indexes in the fund's target index. Under the terms of the swaps, the fund receives the total return on the referenced stock (i.e., receiving the increase or paying the decrease in value of the selected reference stock and receiving the equivalent of any dividends in respect of the selected referenced stock) over a specified period of time, applied to a notional amount that represents the value of a designated number of shares of the selected reference stock at the beginning of the equity swap contract. The fund also pays a floating rate that is based on short-term interest rates, applied to the notional amount. At the same time, the fund generally invests an amount approximating the notional amount of the swap in high-quality temporary cash investments.

A risk associated with all types of swaps is the possibility that a counterparty may default on its obligation to pay net amounts due to the fund. The fund's maximum amount subject to counterparty risk is the unrealized appreciation on the swap contract. The fund mitigates its counterparty risk by entering into swaps only with a diverse group of prequalified counterparties, monitoring their financial strength, entering into master netting arrangements with its counterparties, and requiring its counterparties to transfer collateral as security for their performance. In the absence of a default, the collateral pledged or received by the fund cannot be repledged, resold, or rehypothecated. In the event of a counterparty's default (including bankruptcy), the fund may terminate any swap contracts with that counterparty, determine the net amount owed by either party in accordance with its master netting arrangements, and sell or retain any collateral held up to the net amount owed to the fund under the master netting arrangements. The swap contracts contain provisions whereby a counterparty may terminate open contracts if the fund's net assets decline below a certain level, triggering a payment by the fund if the fund is in a net liability position at the time of the termination. The payment amount would be reduced by any collateral the fund has pledged. Any securities pledged as collateral for open contracts are noted in the Schedule of Investments. The value of collateral received or pledged is compared daily to the value of the swap contracts exposure with each counterparty, and any difference, if in excess of a specified minimum transfer amount, is adjusted and settled within two business days.

Swaps are valued daily based on market quotations received from independent pricing services or recognized dealers and the change in value is recorded as an asset (liability) and as unrealized appreciation (depreciation) until periodic payments are made or the termination of the swap, at which time realized gain (loss) is recorded.

D. Various inputs may be used to determine the value of the fund's investments and derivatives. These inputs are summarized in three broad levels for financial statement purposes. The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities.

#### Level 1 —Quoted prices in active markets for identical securities.

#### Level 2 —Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
**Level 3—Significant unobservable inputs (including the fund's own assumptions used to determine the fair value of investments). Any investments and derivatives valued with significant unobservable inputs are noted on the Schedule of Investments.**

------

The following table summarizes the market value of the fund's investments and derivatives as of May 31, 2025, based on the inputs used to value them:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Level 1<br> ($000) | &nbsp;&nbsp;&nbsp;Level 2<br> ($000) | &nbsp;&nbsp;&nbsp;Level 3<br> ($000) | &nbsp;&nbsp;&nbsp;Total<br> ($000) |
| **Investments** |  |  |  |  |
| Assets |  |  |  |  |
| Common Stocks | 4195497 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;4195497 |
| Temporary Cash Investments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7529 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7529 |
| Total | 4203026 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;4203026 |
| **Derivative Financial Instruments** |  |  |  |  |
| Assets |  |  |  |  |
| Futures Contracts<sup>1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;445 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;445 |
| Swap Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;178 | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;178 |
| Total | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;445 | &nbsp;&nbsp;&nbsp;178 | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;623 |

---

1 Includes cumulative appreciation (depreciation) on futures contracts and centrally cleared swaps, if any, as reported in the Schedule of Investments.

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** VANGUARD ADMIRAL FUNDS

- **b. Investment Company Act file number:** 811-07043

- **c. CIK number of Registrant:** 0000891190

- **d. LEI of Registrant:** 5493001VGEE37B6RMO86

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

  - **Street Address 1:** 100 Vanguard Boulevard

  - **City:** Malvern

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** 19355

  - **Telephone number:** 610-669-1000

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

- **a. Name of Series:** VANGUARD S&P MID-CAP 400 INDEX FUND

- **b. EDGAR series identifier (if any):** S000030014

- **c. LEI of Series:** 49QBOW886LK2OEO2NG65

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

- **a. Date of fiscal year-end:** 2025-08-31

- **b. Date as of which information is reported:** 2025-05-31

**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:** $4205919718.13

**Total Liabilities:** $214570.11

**Net Assets:** $4205705148.02

**Cash Not Reported:** $632448.88

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000092038 | -5.48%               | -2.25%               | 5.39%                |
| Class ID C000092039 | -5.47%               | -2.25%               | 5.39%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $33789551.55             | $-266918111.38                             |
| Month 2  | $11631773.14             | $-93863677.44                              |
| Month 3  | $7746563.08              | $200856214.07                              |

### Schedule of Portfolio Investments

| Name                                              | Title                                     | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ExlService Holdings Inc                           | EXLSERVICE HOLDI                          | CUSIP: 302081104<br>LEI: 81E3DTNF6OSH489ZOV15 | Long             | EC               | CORP              | US        |    239322 | NS      | $11006418.78  | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Tempur Sealy International Inc                    | SOMNIGROUP INTER                          | CUSIP: 88023U101<br>LEI: 549300HFEKVR3US71V91 | Long             | EC               | CORP              | US        |    306068 | NS      | $19912784.08  | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Boston Beer Co Inc/The                            | BOSTON BEER-A                             | CUSIP: 100557107<br>LEI: 529900Q02MQ0DCQNRM58 | Long             | EC               | CORP              | US        |     12833 | NS      | $2949665.05   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Celsius Holdings Inc                              | CELSIUS HOLDINGS                          | CUSIP: 15118V207<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    234127 | NS      | $8868730.76   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Skechers USA Inc                                  | SKECHERS USA-A                            | CUSIP: 830566105<br>LEI: 529900D2R54KZPA4XR56 | Long             | EC               | CORP              | US        |    195711 | NS      | $12141910.44  | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| MSA Safety Inc                                    | MSA SAFETY INC                            | CUSIP: 553498106<br>LEI: 529900DVA3258XK11O39 | Long             | EC               | CORP              | US        |     58369 | NS      | $9512395.93   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Chemed Corp                                       | CHEMED CORP                               | CUSIP: 16359R103<br>LEI: 54930020031IDJT2IM79 | Long             | EC               | CORP              | US        |     22283 | NS      | $12809159.72  | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Knife River Corp                                  | KNIFE RIVER                               | CUSIP: 498894104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     84167 | NS      | $7920114.70   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Penumbra Inc                                      | PENUMBRA INC                              | CUSIP: 70975L107<br>LEI: 549300RGE06P3ECANU72 | Long             | EC               | CORP              | US        |     57082 | NS      | $15239181.54  | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Avantor Inc                                       | AVANTOR INC                               | CUSIP: 05352A100<br>LEI: 5493003VM0XB4U8YD238 | Long             | EC               | CORP              | US        |   1012743 | NS      | $13074512.13  | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Houlihan Lokey Inc                                | HOULIHAN LOKEY I                          | CUSIP: 441593100<br>LEI: 549300S3CNGTQ1QZVY46 | Long             | EC               | CORP              | US        |     80362 | NS      | $14037634.16  | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Exelixis Inc                                      | EXELIXIS INC                              | CUSIP: 30161Q104<br>LEI: 254900PJQB59O2O95R37 | Long             | EC               | CORP              | US        |    416300 | NS      | $17917552.00  | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Option Care Health Inc                            | OPTION CARE HEAL                          | CUSIP: 68404L201<br>LEI: 549300DI3Q5ACSYJRI17 | Long             | EC               | CORP              | US        |    252987 | NS      | $8267615.16   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Graham Holdings Co                                | GRAHAM HOLDING-B                          | CUSIP: 384637104<br>LEI: 529900BOSCEEEMAFQJ29 | Long             | EC               | CORP              | US        |      5021 | NS      | $4792092.61   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Albertsons Cos Inc                                | ALBERTSONS COS-A                          | CUSIP: 013091103<br>LEI: 549300YKWOC0AOR16R51 | Long             | EC               | CORP              | US        |    603214 | NS      | $13409447.22  | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Watsco Inc                                        | WATSCO INC                                | CUSIP: 942622200<br>LEI: 549300F1Y3LN5BX5WN75 | Long             | EC               | CORP              | US        |     51802 | NS      | $22977813.14  | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| MACOM Technology Solutions Holdings Inc           | MACOM TECHNOLOGY                          | CUSIP: 55405Y100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     88466 | NS      | $10758350.26  | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Commvault Systems Inc                             | COMMVAULT SYSTEM                          | CUSIP: 204166102<br>LEI: 65T5VRP62VXG39YFML83 | Long             | EC               | CORP              | US        |     65442 | NS      | $11985702.30  | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| MSC Industrial Direct Co Inc                      | MSC INDL DIRECT                           | CUSIP: 553530106<br>LEI: 0XVKH0LN6YGOWO2EGO17 | Long             | EC               | CORP              | US        |     66532 | NS      | $5402398.40   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Unum Group                                        | UNUM GROUP                                | CUSIP: 91529Y106<br>LEI: 549300E32YFDO6TZ8R31 | Long             | EC               | CORP              | US        |    244402 | NS      | $19970087.42  | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Sensata Technologies Holding PLC                  | SENSATA TECHNOLO                          | CUSIP: G8060N102<br>LEI: 529900MS7KFYCY9MS037 | Long             | EC               | CORP              | US        |    222288 | NS      | $5792825.28   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Arrow Electronics Inc                             | ARROW ELECTRONIC                          | CUSIP: 042735100<br>LEI: 549300YNNLBXT8N8R512 | Long             | EC               | CORP              | US        |     77569 | NS      | $9182618.22   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Allegro MicroSystems Inc                          | ALLEGRO MICROSYS                          | CUSIP: 01749D105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    194225 | NS      | $4923603.75   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Esab Corp                                         | ESAB CORP                                 | CUSIP: 29605J106<br>LEI: 549300ZNV0SWBXEIWT04 | Long             | EC               | CORP              | US        |     84509 | NS      | $10393761.91  | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| RH                                                | RH                                        | CUSIP: 74967X103<br>LEI: 5493008MTS3OGGMHGK69 | Long             | EC               | CORP              | US        |     22434 | NS      | $4063021.74   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Alaska Air Group Inc                              | ALASKA AIR GROUP                          | CUSIP: 011659109<br>LEI: 529900G48RT4KWLC6C27 | Long             | EC               | CORP              | US        |    183036 | NS      | $9322023.48   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Haemonetics Corp                                  | HAEMONETICS CORP                          | CUSIP: 405024100<br>LEI: 549300ZEL6TXZS6F5F95 | Long             | EC               | CORP              | US        |     74640 | NS      | $5053874.40   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Carpenter Technology Corp                         | CARPENTER TECH                            | CUSIP: 144285103<br>LEI: DX6I6ZD3X5WNNCDJKP85 | Long             | EC               | CORP              | US        |     74291 | NS      | $17458385.00  | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Envista Holdings Corp                             | ENVISTA HOLDINGS                          | CUSIP: 29415F104<br>LEI: 549300BX623VURJZ5269 | Long             | EC               | CORP              | US        |    256323 | NS      | $4683021.21   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Duolingo Inc                                      | DUOLINGO                                  | CUSIP: 26603R106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     56364 | NS      | $29287298.04  | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Light & Wonder Inc                                | LIGHT & WONDER I                          | CUSIP: 80874P109<br>LEI: 529900JXALYBOHXKFM62 | Long             | EC               | CORP              | US        |    131340 | NS      | $11836360.80  | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortune Brands Innovations Inc                    | FORTUNE BRANDS I                          | CUSIP: 34964C106<br>LEI: 54930032LHW54PQUJD44 | Long             | EC               | CORP              | US        |    184734 | NS      | $9310593.60   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| United Therapeutics Corp                          | UNITED THERAPEUT                          | CUSIP: 91307C102<br>LEI: 5299005C4HZL4UWROC14 | Long             | EC               | CORP              | US        |     66407 | NS      | $21173871.95  | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Halozyme Therapeutics Inc                         | HALOZYME THERAPE                          | CUSIP: 40637H109<br>LEI: 529900242I3SV9AGM753 | Long             | EC               | CORP              | US        |    189219 | NS      | $10609509.33  | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Perrigo Co PLC                                    | PERRIGO CO PLC                            | CUSIP: G97822103<br>LEI: 549300IFOQS6R1QLY196 | Long             | EC               | CORP              | US        |    202731 | NS      | $5427108.87   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Cognex Corp                                       | COGNEX CORP                               | CUSIP: 192422103<br>LEI: 549300JQTYZCLC43S226 | Long             | EC               | CORP              | US        |    252459 | NS      | $7566196.23   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Amedisys Inc                                      | AMEDISYS INC                              | CUSIP: 023436108<br>LEI: 5299001RBS9GK9STN379 | Long             | EC               | CORP              | US        |     48758 | NS      | $4586665.06   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Parsons Corp                                      | PARSONS CORP                              | CUSIP: 70202L102<br>LEI: 549300ZXH0VRBSEPX752 | Long             | EC               | CORP              | US        |     69563 | NS      | $4510464.92   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Brixmor Property Group Inc                        | BRIXMOR PROPERTY                          | CUSIP: 11120U105<br>LEI: 5299007UXW6Y0W2EGZ95 | Long             | EC               | CORP              | US        |    455071 | NS      | $11563354.11  | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Aramark                                           | ARAMARK                                   | CUSIP: 03852U106<br>LEI: 549300MR6PG2DWZUIL39 | Long             | EC               | CORP              | US        |    394306 | NS      | $15969393.00  | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| DT Midstream Inc                                  | DT MIDSTREAM                              | CUSIP: 23345M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    150703 | NS      | $15784632.22  | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| KB Home                                           | KB HOME                                   | CUSIP: 48666K109<br>LEI: 549300LGUCWQURMWLG09 | Long             | EC               | CORP              | US        |    103111 | NS      | $5318465.38   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Ormat Technologies Inc                            | ORMAT TECHNOLOGI                          | CUSIP: 686688102<br>LEI: 5493000TSHHWY24VHM09 | Long             | EC               | CORP              | US        |     85426 | NS      | $6349714.58   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Doximity Inc                                      | DOXIMITY INC-A                            | CUSIP: 26622P107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    198570 | NS      | $10343511.30  | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Bath & Body Works Inc                             | Bath & Body Works Inc                     | CUSIP: 070830104<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | EC               | CORP              | US        |    322105 | NS      | $9057592.60   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Kyndryl Holdings Inc                              | KYNDRYL HOLDINGS                          | CUSIP: 50155Q100<br>LEI: 549300LQ4LWX2R8ZV130 | Long             | EC               | CORP              | US        |    346092 | NS      | $13511431.68  | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Terex Corp                                        | TEREX CORP                                | CUSIP: 880779103<br>LEI: YAWJZJYEQ7M1SYMOS462 | Long             | EC               | CORP              | US        |     98955 | NS      | $4453964.55   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Chord Energy Corp                                 | CHORD ENERGY COR                          | CUSIP: 674215207<br>LEI: 529900FA4V2YNIKZ0M71 | Long             | EC               | CORP              | US        |     90868 | NS      | $8178120.00   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Gold Inc                                    | ROYAL GOLD INC                            | CUSIP: 780287108<br>LEI: 5493001NGRU6SFL04184 | Long             | EC               | CORP              | US        |     97812 | NS      | $17422273.44  | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Old Republic International Corp                   | OLD REPUB INTL                            | CUSIP: 680223104<br>LEI: 549300IV6O2YY2A1KH37 | Long             | EC               | CORP              | US        |    347041 | NS      | $13118149.80  | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| ManpowerGroup Inc                                 | MANPOWERGROUP IN                          | CUSIP: 56418H100<br>LEI: ERO1WSFOSR0JJ6CRQ987 | Long             | EC               | CORP              | US        |     70006 | NS      | $2936751.70   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| SouthState Corp                                   | SOUTHSTATE CORP                           | CUSIP: 840441109<br>LEI: 549300JZUANXM0YQ4W53 | Long             | EC               | CORP              | US        |    146061 | NS      | $12824155.80  | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| National Storage Affiliates Trust                 | NATIONAL STORAGE                          | CUSIP: 637870106<br>LEI: 529900FS06O8GOYNR108 | Long             | EC               | CORP              | US        |    103976 | NS      | $3576774.40   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Permian Resources Corp                            | PERMIAN RESOURCE                          | CUSIP: 71424F105<br>LEI: 529900NXUJPOKU7OJ511 | Long             | EC               | CORP              | US        |    951324 | NS      | $11996195.64  | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Oshkosh Corp                                      | OSHKOSH CORP                              | CUSIP: 688239201<br>LEI: 549300FEKNPCFSA2B506 | Long             | EC               | CORP              | US        |     96763 | NS      | $9597921.97   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Alliance Bancorp                          | WESTERN ALLIANCE                          | CUSIP: 957638109<br>LEI: 5493003VJXZ5JXT9S762 | Long             | EC               | CORP              | US        |    162233 | NS      | $11747291.53  | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Taylor Morrison Home Corp                         | TAYLOR MORRISON                           | CUSIP: 87724P106<br>LEI: 5299009UDLLGLKOOJE30 | Long             | EC               | CORP              | US        |    153834 | NS      | $8657777.52   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| OGE Energy Corp                                   | OGE ENERGY CORP                           | CUSIP: 670837103<br>LEI: CE5OG6JPOZMDSA0LAQ19 | Long             | EC               | CORP              | US        |    298970 | NS      | $13295195.90  | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Carlisle Cos Inc                                  | CARLISLE COS INC                          | CUSIP: 142339100<br>LEI: XR64VGX1ZPX6G7ZN7Z11 | Long             | EC               | CORP              | US        |     66127 | NS      | $25140162.86  | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| IPG Photonics Corp                                | IPG PHOTONICS                             | CUSIP: 44980X109<br>LEI: 5493002KZ51CADQ94G15 | Long             | EC               | CORP              | US        |     39307 | NS      | $2604481.82   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Sarepta Therapeutics Inc                          | SAREPTA THERAPEU                          | CUSIP: 803607100<br>LEI: 549300IKDPIED8J8IG21 | Long             | EC               | CORP              | US        |    141939 | NS      | $5336906.40   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Cousins Properties Inc                            | COUSINS PROP                              | CUSIP: 222795502<br>LEI: 5493007XPYD5EJABN062 | Long             | EC               | CORP              | US        |    249258 | NS      | $6996672.06   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Hamilton Lane Inc                                 | HAMILTON LANE-A                           | CUSIP: 407497106<br>LEI: 5493006OKN3V1NORM833 | Long             | EC               | CORP              | US        |     64458 | NS      | $9604242.00   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Lumentum Holdings Inc                             | LUMENTUM HOL                              | CUSIP: 55024U109<br>LEI: 549300JLWRRC38DWEF52 | Long             | EC               | CORP              | US        |    102864 | NS      | $7435009.92   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Essential Utilities Inc                           | ESSENTIAL UTILIT                          | CUSIP: 29670G102<br>LEI: 549300ILTEOF3E3QY357 | Long             | EC               | CORP              | US        |    375807 | NS      | $14479843.71  | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| UMB Financial Corp                                | UMB FINANCIAL                             | CUSIP: 902788108<br>LEI: 549300MGEH3N3CUCV828 | Long             | EC               | CORP              | US        |    101224 | NS      | $10438218.88  | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Kite Realty Group Trust                           | KITE REALTY GROU                          | CUSIP: 49803T300<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    326585 | NS      | $7224060.20   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Timken Co/The                                     | TIMKEN CO                                 | CUSIP: 887389104<br>LEI: B0I35MLPFXZSE70ASS73 | Long             | EC               | CORP              | US        |     94845 | NS      | $6495934.05   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Medpace Holdings Inc                              | MEDPACE HOLDINGS                          | CUSIP: 58506Q109<br>LEI: 549300H8TYEUVTW14A54 | Long             | EC               | CORP              | US        |     37160 | NS      | $10958484.00  | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| SEI Investments Co                                | SEI INVESTMENTS                           | CUSIP: 784117103<br>LEI: 5LJTIFADGZ6XH1RVOC11 | Long             | EC               | CORP              | US        |    143402 | NS      | $12226454.52  | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Hims & Hers Health Inc                            | HIMS & HERS HEAL                          | CUSIP: 433000106<br>LEI: 549300ZQ4ZUYSAAX6P59 | Long             | EC               | CORP              | US        |    284353 | NS      | $16083005.68  | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Under Armour Inc                                  | UNDER ARMOUR-A                            | CUSIP: 904311107<br>LEI: 549300D4549QKWETZ406 | Long             | EC               | CORP              | US        |    281662 | NS      | $1889952.02   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Jones Lang LaSalle Inc                            | JONES LANG LASAL                          | CUSIP: 48020Q107<br>LEI: 6SYKCME112RT8TQUO411 | Long             | EC               | CORP              | US        |     70572 | NS      | $15716384.40  | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| HF Sinclair Corp                                  | HF SINCLAIR CORP                          | CUSIP: 403949100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    237776 | NS      | $8590846.88   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingredion Inc                                     | INGREDION INC                             | CUSIP: 457187102<br>LEI: PKSTQ48QDN0XSVS7YK88 | Long             | EC               | CORP              | US        |     95950 | NS      | $13348564.00  | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Wyndham Hotels & Resorts Inc                      | WYNDHAM HOTELS &                          | CUSIP: 98311A105<br>LEI: 549300FE3MQ4RVXXC673 | Long             | EC               | CORP              | US        |    115628 | NS      | $9571685.84   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                               | S&P MID 400 EMINI Jun25                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |        25 | NC      | $445074.21    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Harley-Davidson Inc                               | HARLEY-DAVIDSON                           | CUSIP: 412822108<br>LEI: ZDNAWZWXIKMWI51R2A08 | Long             | EC               | CORP              | US        |    170764 | NS      | $4134196.44   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| AAON Inc                                          | AAON INC                                  | CUSIP: 000360206<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    100341 | NS      | $9661834.89   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Hanover Insurance Group Inc/The                   | HANOVER INSURANC                          | CUSIP: 410867105<br>LEI: JJYR6MFKFF6CF8DBZ078 | Long             | EC               | CORP              | US        |     53583 | NS      | $9429536.34   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Roivant Sciences Ltd                              | ROIVANT SCIENCES                          | CUSIP: G76279101<br>LEI: 549300DL466NY5J6U724 | Long             | EC               | CORP              | US        |    625798 | NS      | $6877520.02   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Commerce Bancshares Inc/MO                        | COMMERCE BCSHS                            | CUSIP: 200525103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    181595 | NS      | $11442300.95  | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Acuity Brands Inc                                 | ACUITY INC                                | CUSIP: 00508Y102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     45605 | NS      | $11852283.45  | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| PVH Corp                                          | PVH CORP                                  | CUSIP: 693656100<br>LEI: 123WALMHY1GZXG2YDL90 | Long             | EC               | CORP              | US        |     82695 | NS      | $6927360.15   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| TXNM Energy Inc                                   | TXNM ENERGY INC                           | CUSIP: 69349H107<br>LEI: 5493003JOBJGLZSDDQ28 | Long             | EC               | CORP              | US        |    134059 | NS      | $7599804.71   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| NNN REIT Inc                                      | NNN REIT INC                              | CUSIP: 637417106<br>LEI: 5493008JKH5SOTI0JS97 | Long             | EC               | CORP              | US        |    278989 | NS      | $11650580.64  | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| ASGN Inc                                          | ASGN INC                                  | CUSIP: 00191U102<br>LEI: LZBNYYCBUKY537072438 | Long             | EC               | CORP              | US        |     65796 | NS      | $3474686.76   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| H&R Block Inc                                     | H&R BLOCK INC                             | CUSIP: 093671105<br>LEI: 549300CE3KUCWLZBG404 | Long             | EC               | CORP              | US        |    199075 | NS      | $11337321.25  | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Evercore Inc                                      | EVERCORE INC                              | CUSIP: 29977A105<br>LEI: 529900P6KLPT95DW3W58 | Long             | EC               | CORP              | US        |     52655 | NS      | $12189105.95  | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| DENTSPLY SIRONA Inc                               | DENTSPLY SIRONA                           | CUSIP: 24906P109<br>LEI: 9NHEHR1SOZCYXDO8HO28 | Long             | EC               | CORP              | US        |    295891 | NS      | $4728338.18   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| CubeSmart                                         | CUBESMART                                 | CUSIP: 229663109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    336395 | NS      | $14384250.20  | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Equitable Holdings Inc                            | EQUITABLE HOLDIN                          | CUSIP: 29452E101<br>LEI: 549300FIBAKMNHPZ4009 | Long             | EC               | CORP              | US        |    460924 | NS      | $24369051.88  | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Bruker Corp                                       | BRUKER CORP                               | CUSIP: 116794108<br>LEI: LEBZ6VLQ6I8XB1NHVY15 | Long             | EC               | CORP              | US        |    164471 | NS      | $6036085.70   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| First Industrial Realty Trust Inc                 | FIRST IND REALTY                          | CUSIP: 32054K103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    196866 | NS      | $9731086.38   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Toro Co/The                                       | TORO CO                                   | CUSIP: 891092108<br>LEI: YJKE4YIT6BWQHVEW0D14 | Long             | EC               | CORP              | US        |    149656 | NS      | $11340931.68  | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Warner Music Group Corp                           | WARNER MUSIC-A                            | CUSIP: 934550203<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    215446 | NS      | $5670538.72   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Saia Inc                                          | SAIA INC                                  | CUSIP: 78709Y105<br>LEI: 549300WNPG4N9GBOYB29 | Long             | EC               | CORP              | US        |     39555 | NS      | $10458737.55  | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| ONE Gas Inc                                       | ONE GAS INC                               | CUSIP: 68235P108<br>LEI: 549300HXDWI0LATTX840 | Long             | EC               | CORP              | US        |     84213 | NS      | $6295763.88   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Capri Holdings Ltd                                | CAPRI HOLDINGS L                          | CUSIP: G1890L107<br>LEI: 549300LPG8W0H1OX3A26 | Long             | EC               | CORP              | US        |    175452 | NS      | $3179190.24   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Antero Resources Corp                             | ANTERO RESOURCES                          | CUSIP: 03674X106<br>LEI: APVBKPOULHUX7YZLKU17 | Long             | EC               | CORP              | US        |    435040 | NS      | $16292248.00  | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Comfort Systems USA Inc                           | COMFORT SYSTEMS                           | CUSIP: 199908104<br>LEI: 5299009DT1ZA5HTU6R38 | Long             | EC               | CORP              | US        |     52768 | NS      | $25235240.64  | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| FTI Consulting Inc                                | FTI CONSULTING                            | CUSIP: 302941109<br>LEI: 549300K17GM8EQD0FQ48 | Long             | EC               | CORP              | US        |     52519 | NS      | $8621519.04   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| BioMarin Pharmaceutical Inc                       | BIOMARIN PHARMAC                          | CUSIP: 09061G101<br>LEI: NSLL8ITTRR0J5HEMR848 | Long             | EC               | CORP              | US        |    283505 | NS      | $16463135.35  | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Darling Ingredients Inc                           | DARLING INGREDIE                          | CUSIP: 237266101<br>LEI: L1N0SPPKS7EXZYUMZ898 | Long             | EC               | CORP              | US        |    236400 | NS      | $7366224.00   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Dolby Laboratories Inc                            | DOLBY LABORATO-A                          | CUSIP: 25659T107<br>LEI: 549300X04FB2QPCJ5J24 | Long             | EC               | CORP              | US        |     90985 | NS      | $6756546.10   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Stifel Financial Corp                             | STIFEL FINANCIAL                          | CUSIP: 860630102<br>LEI: 549300E5F07FE5GHJX84 | Long             | EC               | CORP              | US        |    151967 | NS      | $14318330.74  | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Floor & Decor Holdings Inc                        | FLOOR & DECOR-A                           | CUSIP: 339750101<br>LEI: 549300M5FR3N688XGQ36 | Long             | EC               | CORP              | US        |    159489 | NS      | $11433766.41  | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Iridium Communications Inc                        | IRIDIUM COMMUNIC                          | CUSIP: 46269C102<br>LEI: 549300U620NVQ4J1CT96 | Long             | EC               | CORP              | US        |    162039 | NS      | $4115790.60   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Illumina Inc                                      | ILLUMINA INC                              | CUSIP: 452327109<br>LEI: SQ95QG8SR5Q56LSNF682 | Long             | EC               | CORP              | US        |    235597 | NS      | $19375497.28  | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Watts Water Technologies Inc                      | WATTS WATER TE-A                          | CUSIP: 942749102<br>LEI: 549300REJOO94ERQN318 | Long             | EC               | CORP              | US        |     40703 | NS      | $9855010.36   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Brink's Co/The                                    | BRINK'S CO/THE                            | CUSIP: 109696104<br>LEI: XFP140TFNOQMIVFTVQ13 | Long             | EC               | CORP              | US        |     64849 | NS      | $5321508.94   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| VF Corp                                           | VF CORP                                   | CUSIP: 918204108<br>LEI: CWAJJ9DJ5Z7P057HV541 | Long             | EC               | CORP              | US        |    492325 | NS      | $6134369.50   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Comerica Inc                                      | COMERICA INC                              | CUSIP: 200340107<br>LEI: I9Q57JVPWHHZ3ZGBW498 | Long             | EC               | CORP              | US        |    195470 | NS      | $11159382.30  | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Brighthouse Financial Inc                         | BRIGHTHOUSE FINA                          | CUSIP: 10922N103<br>LEI: 5493003T8SZSHOGGAW52 | Long             | EC               | CORP              | US        |     87295 | NS      | $5221113.95   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Columbia Banking System Inc                       | COLUMBIA BANKING                          | CUSIP: 197236102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    311563 | NS      | $7284342.94   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| BellRing Brands Inc                               | BELLRING BRANDS                           | CUSIP: 07831C103<br>LEI: 549300S3BOK5CMTS8054 | Long             | EC               | CORP              | US        |    190805 | NS      | $12011174.75  | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Avis Budget Group Inc                             | AVIS BUDGET GROU                          | CUSIP: 053774105<br>LEI: 529900E95812SYWMCE44 | Long             | EC               | CORP              | US        |     25097 | NS      | $3056563.63   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Zions Bancorp NA                                  | ZIONS BANCORP NA                          | CUSIP: 989701107<br>LEI: 8WH0EE09O9V05QJZ3V89 | Long             | EC               | CORP              | US        |    219913 | NS      | $10415079.68  | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Regal Rexnord Corp                                | REGAL REXNORD CO                          | CUSIP: 758750103<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | EC               | CORP              | US        |     98503 | NS      | $13144240.32  | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| NewMarket Corp                                    | NEWMARKET CORP                            | CUSIP: 651587107<br>LEI: 54930082CG88ERDREQ47 | Long             | EC               | CORP              | US        |     11328 | NS      | $7295911.68   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Murphy USA Inc                                    | MURPHY USA INC                            | CUSIP: 626755102<br>LEI: 549300Y081F8XIKQIO72 | Long             | EC               | CORP              | US        |     27092 | NS      | $11562594.68  | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Carlyle Group Inc/The                             | CARLYLE GROUP IN                          | CUSIP: 14316J108<br>LEI: 529900NGGVF94UK6PG95 | Long             | EC               | CORP              | US        |    313862 | NS      | $14186562.40  | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Reliance Inc                                      | RELIANCE INC                              | CUSIP: 759509102<br>LEI: 549300E287ZOFT3C5Z56 | Long             | EC               | CORP              | US        |     80498 | NS      | $23571424.36  | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Spire Inc                                         | SPIRE INC                                 | CUSIP: 84857L101<br>LEI: 549300NXSY15DRY2R511 | Long             | EC               | CORP              | US        |     86733 | NS      | $6529260.24   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| WEX Inc                                           | WEX INC                                   | CUSIP: 96208T104<br>LEI: T9M5IGROL1TL1G5OV478 | Long             | EC               | CORP              | US        |     51904 | NS      | $6899598.72   | 0.16%             |  |  |  | No            |                  1 | On Loan: —       |
| HealthEquity Inc                                  | HEALTHEQUITY INC                          | CUSIP: 42226A107<br>LEI: 529900LRJU1RAFQHM467 | Long             | EC               | CORP              | US        |    128891 | NS      | $12967723.51  | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Dick's Sporting Goods Inc                         | DICK'S SPORTING                           | CUSIP: 253393102<br>LEI: 529900SSBV5I4LWSK313 | Long             | EC               | CORP              | US        |     86121 | NS      | $15444940.14  | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Paylocity Holding Corp                            | PAYLOCITY HOLDIN                          | CUSIP: 70438V106<br>LEI: 549300VH75FTB4DIEE07 | Long             | EC               | CORP              | US        |     64842 | NS      | $12378337.80  | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| ZoomInfo Technologies Inc                         | ZOOMINFO TECH                             | CUSIP: 98980F104<br>LEI: 2549008GSAHW4UWFEM58 | Long             | EC               | CORP              | US        |    403848 | NS      | $3856748.40   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Middleby Corp/The                                 | MIDDLEBY CORP                             | CUSIP: 596278101<br>LEI: JDFO86U9VQRBKW5KYA35 | Long             | EC               | CORP              | US        |     80005 | NS      | $11691130.65  | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Sotera Health Co                                  | SOTERA HEALTH CO                          | CUSIP: 83601L102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    228261 | NS      | $2793914.64   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Scotts Miracle-Gro Co/The                         | SCOTTS MIRACLE                            | CUSIP: 810186106<br>LEI: 2TH9E0JTOUXOEGI2R879 | Long             | EC               | CORP              | US        |     64240 | NS      | $3826134.40   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Encompass Health Corp                             | ENCOMPASS HEALTH                          | CUSIP: 29261A100<br>LEI: 549300FVRPM9DRQZRG64 | Long             | EC               | CORP              | US        |    149843 | NS      | $18116018.70  | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLETE Inc                                        | ALLETE INC                                | CUSIP: 018522300<br>LEI: 549300NNLSIMY6Z8OT86 | Long             | EC               | CORP              | US        |     86279 | NS      | $5611586.16   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Trex Co Inc                                       | TREX CO INC                               | CUSIP: 89531P105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    159328 | NS      | $8901655.36   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Steel Corp                          | US STEEL CORP                             | CUSIP: 912909108<br>LEI: JNLUVFYJT1OZSIQ24U47 | Long             | EC               | CORP              | US        |    334896 | NS      | $18024102.72  | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Crown Holdings Inc                                | CROWN HOLDINGS I                          | CUSIP: 228368106<br>LEI: NYLWZIOY8PUNIT4JOE22 | Long             | EC               | CORP              | US        |    174104 | NS      | $17149244.00  | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Coty Inc                                          | COTY INC-CL A                             | CUSIP: 222070203<br>LEI: 549300BO9IWPF3S48F93 | Long             | EC               | CORP              | US        |    544912 | NS      | $2686416.16   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| CNX Resources Corp                                | CNX RESOURCES CO                          | CUSIP: 12653C108<br>LEI: 549300JK3KH8PWM3B226 | Long             | EC               | CORP              | US        |    221184 | NS      | $7139819.52   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXTracker Inc                                    | NEXTRACKER-CL A                           | CUSIP: 65290E101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    213743 | NS      | $12117090.67  | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| nVent Electric PLC                                | NVENT ELECTRIC                            | CUSIP: G6700G107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    245146 | NS      | $16130606.80  | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| AECOM                                             | AECOM                                     | CUSIP: 00766T100<br>LEI: 0EEB8GF0W0NPCIHZX097 | Long             | EC               | CORP              | US        |    197364 | NS      | $21680435.40  | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Polaris Inc                                       | POLARIS INC                               | CUSIP: 731068102<br>LEI: 549300QJSN8UVWN1EI78 | Long             | EC               | CORP              | US        |     77704 | NS      | $3047550.88   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Capital Bancshares Inc                      | TEXAS CAPITAL BA                          | CUSIP: 88224Q107<br>LEI: 549300466Q2SXRX0YM48 | Long             | EC               | CORP              | US        |     68567 | NS      | $4915568.23   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Morningstar Inc                                   | MORNINGSTAR INC                           | CUSIP: 617700109<br>LEI: 529900YGNQPOVAXQ7F29 | Long             | EC               | CORP              | US        |     40190 | NS      | $12395399.80  | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Crocs Inc                                         | CROCS INC                                 | CUSIP: 227046109<br>LEI: 549300B0J6YCXD63OG72 | Long             | EC               | CORP              | US        |     83352 | NS      | $8501904.00   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Avient Corp                                       | AVIENT CORP                               | CUSIP: 05368V106<br>LEI: SM8L9RZYIB34LNTWO040 | Long             | EC               | CORP              | US        |    136006 | NS      | $4913896.78   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Columbia Sportswear Co                            | COLUMBIA SPORTSW                          | CUSIP: 198516106<br>LEI: 549300OTMCIEUXAH5Z60 | Long             | EC               | CORP              | US        |     47779 | NS      | $3047344.62   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Performance Food Group Co                         | PERFORMANCE FOOD                          | CUSIP: 71377A103<br>LEI: 549300EUK8GR9IT1YK57 | Long             | EC               | CORP              | US        |    232345 | NS      | $20808818.20  | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Crane Co                                          | CRANE CO                                  | CUSIP: 224408104<br>LEI: 5493000CQRQOTHUODL75 | Long             | EC               | CORP              | US        |     72352 | NS      | $12401132.80  | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Grand Canyon Education Inc                        | GRAND CANYON EDU                          | CUSIP: 38526M106<br>LEI: 529900XFER799IYOSW74 | Long             | EC               | CORP              | US        |     42735 | NS      | $8454906.08   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Clean Harbors Inc                                 | CLEAN HARBORS                             | CUSIP: 184496107<br>LEI: 5493000SJVZVZJKHJF48 | Long             | EC               | CORP              | US        |     75362 | NS      | $17091347.98  | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Ciena Corp                                        | CIENA CORP                                | CUSIP: 171779309<br>LEI: W0CZ7N0GH8UIGXDM1H41 | Long             | EC               | CORP              | US        |    211386 | NS      | $16923563.16  | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| UFP Industries Inc                                | UFP INDUSTRIES I                          | CUSIP: 90278Q108<br>LEI: 5493007KB485C9OV5572 | Long             | EC               | CORP              | US        |     90293 | NS      | $8808985.08   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Kemper Corp                                       | KEMPER CORP                               | CUSIP: 488401100<br>LEI: 549300FNI1JKTRY2PV09 | Long             | EC               | CORP              | US        |     89261 | NS      | $5688603.53   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Gap Inc/The                                       | GAP INC/THE                               | CUSIP: 364760108<br>LEI: T2ZG1WRWZ4BUCMQL9224 | Long             | EC               | CORP              | US        |    330884 | NS      | $7382022.04   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Westlake Corp                                     | WESTLAKE CORP                             | CUSIP: 960413102<br>LEI: GOXNEVUM0LL78B1OS344 | Long             | EC               | CORP              | US        |     49823 | NS      | $3538927.69   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Amkor Technology Inc                              | AMKOR TECH INC                            | CUSIP: 031652100<br>LEI: 529900VHLRTKPWZJBM84 | Long             | EC               | CORP              | US        |    168844 | NS      | $3042568.88   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Manhattan Associates Inc                          | MANHATTAN ASSOC                           | CUSIP: 562750109<br>LEI: 529900Q1GJP7KD52SW51 | Long             | EC               | CORP              | US        |     90912 | NS      | $17162367.36  | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Synaptics Inc                                     | SYNAPTICS INC                             | CUSIP: 87157D109<br>LEI: 549300AJ3LI4FWNRQX29 | Long             | EC               | CORP              | US        |     58451 | NS      | $3434580.76   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Graphic Packaging Holding Co                      | GRAPHIC PACKAGIN                          | CUSIP: 388689101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    446482 | NS      | $9920830.04   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Matador Resources Co                              | MATADOR RESOURCE                          | CUSIP: 576485205<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | EC               | CORP              | US        |    172556 | NS      | $7421633.56   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Wintrust Financial Corp                           | WINTRUST FINL                             | CUSIP: 97650W108<br>LEI: Q774KI4AW80FHFW33O61 | Long             | EC               | CORP              | US        |     98919 | NS      | $11811917.79  | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| CACI International Inc                            | CACI INTL-A                               | CUSIP: 127190304<br>LEI: SYRPI2D1O9WRTS2WX210 | Long             | EC               | CORP              | US        |     33346 | NS      | $14272088.00  | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Reinsurance Group of America Inc                  | REINSURANCE GROU                          | CUSIP: 759351604<br>LEI: LORM1GNEU1DKEW527V90 | Long             | EC               | CORP              | US        |     97972 | NS      | $19916727.88  | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| LivaNova PLC                                      | LIVANOVA PLC                              | CUSIP: G5509L101<br>LEI: 2138001K2FX6SHK2B339 | Long             | EC               | CORP              | US        |     81013 | NS      | $3503812.25   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| RBC Bearings Inc                                  | RBC BEARINGS INC                          | CUSIP: 75524B104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     46509 | NS      | $17016247.83  | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Old National Bancorp/IN                           | OLD NATL BANCORP                          | CUSIP: 680033107<br>LEI: 549300MMK90CL5KMVX16 | Long             | EC               | CORP              | US        |    474397 | NS      | $9895921.42   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Gentex Corp                                       | GENTEX CORP                               | CUSIP: 371901109<br>LEI: 549300S3UD8XV1MN0287 | Long             | EC               | CORP              | US        |    338086 | NS      | $7292515.02   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Macy's Inc                                        | MACY'S INC                                | CUSIP: 55616P104<br>LEI: 529900NZQ81TIOW3CW52 | Long             | EC               | CORP              | US        |    412403 | NS      | $4903471.67   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Vontier Corp                                      | VONTIER CORP                              | CUSIP: 928881101<br>LEI: 549300VVSQLG4P5K4639 | Long             | EC               | CORP              | US        |    221003 | NS      | $7900857.25   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Valmont Industries Inc                            | VALMONT INDS                              | CUSIP: 920253101<br>LEI: 5493009ZGZJJ8F77JN08 | Long             | EC               | CORP              | US        |     29799 | NS      | $9477273.96   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Ensign Group Inc/The                              | ENSIGN GROUP INC                          | CUSIP: 29358P101<br>LEI: 5493003K4HEEA8Q0BC72 | Long             | EC               | CORP              | US        |     84805 | NS      | $12488384.30  | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Simpson Manufacturing Co Inc                      | SIMPSON MFG                               | CUSIP: 829073105<br>LEI: 529900EJUNNL15LZ8056 | Long             | EC               | CORP              | US        |     62712 | NS      | $9764258.40   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Churchill Downs Inc                               | CHURCHILL DOWNS                           | CUSIP: 171484108<br>LEI: 529900FODTBQC8MIS994 | Long             | EC               | CORP              | US        |    109309 | NS      | $10435730.23  | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| GameStop Corp                                     | GAMESTOP CORP-A                           | CUSIP: 36467W109<br>LEI: 549300505KLOET039L77 | Long             | EC               | CORP              | US        |    604712 | NS      | $18020417.60  | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Independence Realty Trust Inc                     | INDEPENDENCE REA                          | CUSIP: 45378A106<br>LEI: 549300Z3L8NU44NQEB29 | Long             | EC               | CORP              | US        |    342571 | NS      | $6368394.89   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Post Holdings Inc                                 | POST HOLDINGS IN                          | CUSIP: 737446104<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | EC               | CORP              | US        |     68003 | NS      | $7520451.77   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Kilroy Realty Corp                                | KILROY REALTY                             | CUSIP: 49427F108<br>LEI: 549300CXXI18B214UN80 | Long             | EC               | CORP              | US        |    158270 | NS      | $5096294.00   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Qualys Inc                                        | QUALYS INC                                | CUSIP: 74758T303<br>LEI: 549300EMBXYOW9W1XA17 | Long             | EC               | CORP              | US        |     54404 | NS      | $7537674.20   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Toll Brothers Inc                                 | TOLL BROTHERS                             | CUSIP: 889478103<br>LEI: 529900JB6IS9MSZGVR44 | Long             | EC               | CORP              | US        |    148589 | NS      | $15490403.25  | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| RLI Corp                                          | RLI CORP                                  | CUSIP: 749607107<br>LEI: 529900AMTJE5ECN9PS55 | Long             | EC               | CORP              | US        |    124011 | NS      | $9532725.57   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Service Corp International/US                     | SERVICE CORP INT                          | CUSIP: 817565104<br>LEI: 549300RKVM2ME20JHZ15 | Long             | EC               | CORP              | US        |    214490 | NS      | $16730220.00  | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| MKS Instruments Inc                               | MKS INC                                   | CUSIP: 55306N104<br>LEI: 549300KEQATBHAGVF505 | Long             | EC               | CORP              | US        |    100056 | NS      | $8223602.64   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Pure Storage Inc                                  | PURE STORAGE-A                            | CUSIP: 74624M102<br>LEI: 549300NPDB0BZTK3WO90 | Long             | EC               | CORP              | US        |    460973 | NS      | $24703543.07  | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Glacier Bancorp Inc                               | GLACIER BANCORP                           | CUSIP: 37637Q105<br>LEI: 549300SMJAUKZB5D7V74 | Long             | EC               | CORP              | US        |    168592 | NS      | $6991510.24   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| SLM Corp                                          | SLM CORP                                  | CUSIP: 78442P106<br>LEI: 4K8SLPBF5DXXGPW03H93 | Long             | EC               | CORP              | US        |    312971 | NS      | $10130871.27  | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| ChampionX Corp                                    | CHAMPIONX CORP                            | CUSIP: 15872M104<br>LEI: 549300EP2909K6DYYP38 | Long             | EC               | CORP              | US        |    283649 | NS      | $6827431.43   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| IDACORP Inc                                       | IDACORP INC                               | CUSIP: 451107106<br>LEI: N134NUJDWN8UEFA8B673 | Long             | EC               | CORP              | US        |     79212 | NS      | $9422267.40   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Choice Hotels International Inc                   | CHOICE HOTELS                             | CUSIP: 169905106<br>LEI: 5493003CYRY5RFGTIR97 | Long             | EC               | CORP              | US        |     33171 | NS      | $4202102.28   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| KBR Inc                                           | KBR INC                                   | CUSIP: 48242W106<br>LEI: 254900OFQDXZRKRCV808 | Long             | EC               | CORP              | US        |    198178 | NS      | $10342909.82  | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Lantheus Holdings Inc                             | LANTHEUS HOLDING                          | CUSIP: 516544103<br>LEI: 5299005HUB5IOJGO7S39 | Long             | EC               | CORP              | US        |    103349 | NS      | $7809050.44   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| BWX Technologies Inc                              | BWX TECHNOLOGIES                          | CUSIP: 05605H100<br>LEI: 549300NP85N265KWMS58 | Long             | EC               | CORP              | US        |    136006 | NS      | $17082353.60  | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Industrial Technologies Inc               | APPLIED INDU TEC                          | CUSIP: 03820C105<br>LEI: 549300NU173IJRC6PO38 | Long             | EC               | CORP              | US        |     57080 | NS      | $12929761.60  | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Rambus Inc                                        | RAMBUS INC                                | CUSIP: 750917106<br>LEI: 2549000211GDCQSLV833 | Long             | EC               | CORP              | US        |    158453 | NS      | $8472481.91   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Mueller Industries Inc                            | MUELLER INDS                              | CUSIP: 624756102<br>LEI: 5493005IZFE4VJLLYG84 | Long             | EC               | CORP              | US        |    169158 | NS      | $13172333.46  | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Globus Medical Inc                                | GLOBUS MEDICAL I                          | CUSIP: 379577208<br>LEI: 5299003M2P4CIK0RF205 | Long             | EC               | CORP              | US        |    169160 | NS      | $10010888.80  | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Chart Industries Inc                              | CHART INDUSTRIES                          | CUSIP: 16115Q308<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | EC               | CORP              | US        |     62539 | NS      | $9809867.54   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| UGI Corp                                          | UGI CORP                                  | CUSIP: 902681105<br>LEI: DX6GCWD4Q1JO9CRE5I40 | Long             | EC               | CORP              | US        |    319577 | NS      | $11523946.62  | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Five Below Inc                                    | FIVE BELOW                                | CUSIP: 33829M101<br>LEI: 529900AAXP5Z6BGI7418 | Long             | EC               | CORP              | US        |     81805 | NS      | $9536008.85   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Civitas Resources Inc                             | CIVITAS RESOURCE                          | CUSIP: 17888H103<br>LEI: IIVIHPH28S64K95M2381 | Long             | EC               | CORP              | US        |    132318 | NS      | $3621543.66   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Boyd Gaming Corp                                  | BOYD GAMING CORP                          | CUSIP: 103304101<br>LEI: 254900787YGRYS2A1Z35 | Long             | EC               | CORP              | US        |     98551 | NS      | $7388368.47   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Frontier Communications Parent Inc                | FRONTIER COMMUNI                          | CUSIP: 35909D109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    329675 | NS      | $11944125.25  | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| ATI Inc                                           | ATI INC                                   | CUSIP: 01741R102<br>LEI: ZW1LRE7C3H17O2ZN9B45 | Long             | EC               | CORP              | US        |    212149 | NS      | $16895546.36  | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Dynatrace Inc                                     | DYNATRACE INC                             | CUSIP: 268150109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    445250 | NS      | $24047952.50  | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Annaly Capital Management Inc                     | ANNALY CAPITAL M                          | CUSIP: 035710839<br>LEI: 2DTL0G3FPRYUT58TI025 | Long             | EC               | CORP              | US        |    860318 | NS      | $16303026.10  | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Healthcare Realty Trust Inc                       | HEALTHCARE REALT                          | CUSIP: 42226K105<br>LEI: 549300L0I14L7I0VLX84 | Long             | EC               | CORP              | US        |    526881 | NS      | $7639774.50   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Union Co/The                              | WESTERN UNION                             | CUSIP: 959802109<br>LEI: 28ID94QU1140NC23S047 | Long             | EC               | CORP              | US        |    503013 | NS      | $4667960.64   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Hilton Grand Vacations Inc                        | HILTON GRAND VAC                          | CUSIP: 43283X105<br>LEI: 549300O9K6MFD8D07574 | Long             | EC               | CORP              | US        |     92518 | NS      | $3531412.06   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| PotlatchDeltic Corp                               | POTLATCHDELTIC C                          | CUSIP: 737630103<br>LEI: 54930084YA8UJOTXDM59 | Long             | EC               | CORP              | US        |    106821 | NS      | $4202338.14   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Selective Insurance Group Inc                     | SELECT INS GRP                            | CUSIP: 816300107<br>LEI: 549300R3WGJWLE40R258 | Long             | EC               | CORP              | US        |     90377 | NS      | $7954983.54   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| elf Beauty Inc                                    | ELF BEAUTY INC                            | CUSIP: 26856L103<br>LEI: 549300U2K9TCON25C029 | Long             | EC               | CORP              | US        |     83859 | NS      | $9433298.91   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Vail Resorts Inc                                  | VAIL RESORTS                              | CUSIP: 91879Q109<br>LEI: 529900PSZHRNU9HKH870 | Long             | EC               | CORP              | US        |     55667 | NS      | $8916183.39   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Nexstar Media Group Inc                           | NEXSTAR MEDIA                             | CUSIP: 65336K103<br>LEI: 52990083ZRR5UT591988 | Long             | EC               | CORP              | US        |     43341 | NS      | $7386173.22   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Hancock Whitney Corp                              | HANCOCK WHITNEY                           | CUSIP: 410120109<br>LEI: 549300GRNBWY8HIICT41 | Long             | EC               | CORP              | US        |    127934 | NS      | $6994151.78   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Alcoa Corp                                        | ALCOA CORP                                | CUSIP: 013872106<br>LEI: 549300T12EZ1F6PWWU29 | Long             | EC               | CORP              | US        |    384249 | NS      | $10286345.73  | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Casey's General Stores Inc                        | CASEY'S GENERAL                           | CUSIP: 147528103<br>LEI: 549300CAFWSI86V66Q65 | Long             | EC               | CORP              | US        |     55207 | NS      | $24167416.32  | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Lear Corp                                         | LEAR CORP                                 | CUSIP: 521865204<br>LEI: 549300UPNBTXA1SYTQ33 | Long             | EC               | CORP              | US        |     79728 | NS      | $7209005.76   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Coherent Corp                                     | COHERENT CORP                             | CUSIP: 19247G107<br>LEI: 549300O5C25A0MMHHU33 | Long             | EC               | CORP              | US        |    230485 | NS      | $17431580.55  | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Lattice Semiconductor Corp                        | LATTICE SEMICOND                          | CUSIP: 518415104<br>LEI: 549300LRBBPZDQ2II567 | Long             | EC               | CORP              | US        |    205195 | NS      | $9221463.30   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Prosperity Bancshares Inc                         | PROSPERITY BNCSH                          | CUSIP: 743606105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    141668 | NS      | $9867176.20   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Home BancShares Inc/AR                            | HOME BANCSHARES                           | CUSIP: 436893200<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    274751 | NS      | $7772705.79   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Northwestern Energy Group Inc                     | NORTHWESTERN ENE                          | CUSIP: 668074305<br>LEI: 254900N1WG46G1VMDM34 | Long             | EC               | CORP              | US        |     91293 | NS      | $5051241.69   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Jefferies Financial Group Inc                     | JEFFERIES FINANC                          | CUSIP: 47233W109<br>LEI: 549300HOF34RGOJ5YL07 | Long             | EC               | CORP              | US        |    242145 | NS      | $11768247.00  | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Insperity Inc                                     | INSPERITY INC                             | CUSIP: 45778Q107<br>LEI: 5299000Q0KW7HY5DB751 | Long             | EC               | CORP              | US        |     52653 | NS      | $3407702.16   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Primerica Inc                                     | PRIMERICA INC                             | CUSIP: 74164M108<br>LEI: 254900621R686KJR7022 | Long             | EC               | CORP              | US        |     49640 | NS      | $13432584.00  | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Neurocrine Biosciences Inc                        | NEUROCRINE BIOSC                          | CUSIP: 64125C109<br>LEI: 549300FECER0XBN49756 | Long             | EC               | CORP              | US        |    148301 | NS      | $18243989.02  | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Jazz Pharmaceuticals PLC                          | JAZZ PHARMACEUTI                          | CUSIP: G50871105<br>LEI: 635400GAUMJCLEZRRV50 | Long             | EC               | CORP              | US        |     89899 | NS      | $9715384.93   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Hyatt Hotels Corp                                 | HYATT HOTELS-A                            | CUSIP: 448579102<br>LEI: T27JQIMTYSH41TCD5186 | Long             | EC               | CORP              | US        |     63405 | NS      | $8371362.15   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Maximus Inc                                       | MAXIMUS INC                               | CUSIP: 577933104<br>LEI: 549300DQCDS8HJ7QF202 | Long             | EC               | CORP              | US        |     84111 | NS      | $6098888.61   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Roadhouse Inc                               | TEXAS ROADHOUS                            | CUSIP: 882681109<br>LEI: 5299002Y1CNRPDGXTQ75 | Long             | EC               | CORP              | US        |     99228 | NS      | $19370297.88  | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Cmt Funds-Vanguard Market Liquidity Fund | Vanguard Market Liquidity Fund            | CUSIP: N/A<br>LEI: 1I6HV0TLSTR3A4XQ6L78       | Long             | STIV             | CORP              | US        |     57173 | NS      | $5716727.47   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Woodward Inc                                      | WOODWARD INC                              | CUSIP: 980745103<br>LEI: YPYKXXTR8TFDH54ZMB45 | Long             | EC               | CORP              | US        |     88287 | NS      | $19099126.71  | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryder System Inc                                  | RYDER SYSTEM INC                          | CUSIP: 783549108<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | EC               | CORP              | US        |     62596 | NS      | $9209749.48   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Thor Industries Inc                               | THOR INDUSTRIES                           | CUSIP: 885160101<br>LEI: 254900XZO1228PDSG060 | Long             | EC               | CORP              | US        |     79106 | NS      | $6422616.14   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| STAG Industrial Inc                               | STAG INDUSTRIAL                           | CUSIP: 85254J102<br>LEI: 549300QWYX2W6FASVQ07 | Long             | EC               | CORP              | US        |    277405 | NS      | $9870069.90   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| AptarGroup Inc                                    | APTARGROUP INC                            | CUSIP: 038336103<br>LEI: VNPEQDQFAA7IY1T2PX43 | Long             | EC               | CORP              | US        |     98898 | NS      | $15665443.20  | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| First Horizon Corp                                | FIRST HORIZON CO                          | CUSIP: 320517105<br>LEI: TF3RXI1ZB1TQ30H9JV10 | Long             | EC               | CORP              | US        |    779439 | NS      | $15495247.32  | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Abercrombie & Fitch Co                            | ABERCROMBIE & FI                          | CUSIP: 002896207<br>LEI: 5493000J7LL72TOGT983 | Long             | EC               | CORP              | US        |     74867 | NS      | $5876310.83   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| EPR Properties                                    | EPR PROPERTIES                            | CUSIP: 26884U109<br>LEI: 549300YSSXFHMPOWZ492 | Long             | EC               | CORP              | US        |    112532 | NS      | $6266907.08   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| EMCOR Group Inc                                   | EMCOR GROUP INC                           | CUSIP: 29084Q100<br>LEI: 529900X0SQJB2J7YDU43 | Long             | EC               | CORP              | US        |     68420 | NS      | $32284661.20  | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Sabra Health Care REIT Inc                        | SABRA HEALTH CAR                          | CUSIP: 78573L106<br>LEI: 549300E3BC7GU7TAZ621 | Long             | EC               | CORP              | US        |    351627 | NS      | $6146439.96   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| WP Carey Inc                                      | WP CAREY INC                              | CUSIP: 92936U109<br>LEI: 54930042CRNE713E3Q67 | Long             | EC               | CORP              | US        |    325519 | NS      | $20429572.44  | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| WESCO International Inc                           | WESCO INTL                                | CUSIP: 95082P105<br>LEI: 529900TXOGREY3WNJ434 | Long             | EC               | CORP              | US        |     66041 | NS      | $11087623.49  | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Penske Automotive Group Inc                       | PENSKE AUTOMOTIV                          | CUSIP: 70959W103<br>LEI: 549300W7UTQ0M4C7LB15 | Long             | EC               | CORP              | US        |     27840 | NS      | $4570771.20   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Olin Corp                                         | OLIN CORP                                 | CUSIP: 680665205<br>LEI: 549300GKK294V7W57P06 | Long             | EC               | CORP              | US        |    172480 | NS      | $3347836.80   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| CNH Industrial NV                                 | CNH INDUSTRIAL N                          | CUSIP: N20944109<br>LEI: 549300WGC2HZ5J67V817 | Long             | EC               | CORP              | US        |   1300300 | NS      | $16266753.00  | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Visteon Corp                                      | VISTEON CORP                              | CUSIP: 92839U206<br>LEI: 549300MOVLYHRW4GGW78 | Long             | EC               | CORP              | US        |     40941 | NS      | $3456443.93   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| EchoStar Corp                                     | ECHOSTAR CORP-A                           | CUSIP: 278768106<br>LEI: 549300EE20907QZ9GT38 | Long             | EC               | CORP              | US        |    179902 | NS      | $3189662.46   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinsale Capital Group Inc                         | KINSALE CAPITAL                           | CUSIP: 49714P108<br>LEI: 529900QTUQHNZ6HOA508 | Long             | EC               | CORP              | US        |     32905 | NS      | $15530830.95  | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Consolidated Inc                        | COCA-COLA CONSOL                          | CUSIP: 191098102<br>LEI: 57VG5X0E00X0QJU7CQ58 | Long             | EC               | CORP              | US        |     87673 | NS      | $10051709.45  | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| National Fuel Gas Co                              | NATL FUEL GAS CO                          | CUSIP: 636180101<br>LEI: 8JB38FFW1Y3C1HM8E841 | Long             | EC               | CORP              | US        |    134710 | NS      | $11118963.40  | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| YETI Holdings Inc                                 | YETI HOLDINGS IN                          | CUSIP: 98585X104<br>LEI: 549300DSQICIGNT5GO63 | Long             | EC               | CORP              | US        |    126264 | NS      | $3858627.84   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Federated Hermes Inc                              | FEDERATED HERMES                          | CUSIP: 314211103<br>LEI: R05X5UQ874RGFF7HHD84 | Long             | EC               | CORP              | US        |    116009 | NS      | $4895579.80   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Planet Fitness Inc                                | PLANET FITNESS-A                          | CUSIP: 72703H101<br>LEI: 549300LLE5HUPF6H8G33 | Long             | EC               | CORP              | US        |    125207 | NS      | $12875035.81  | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Whirlpool Corp                                    | WHIRLPOOL CORP                            | CUSIP: 963320106<br>LEI: WHENKOULSSK7WUM60H03 | Long             | EC               | CORP              | US        |     82334 | NS      | $6429462.06   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Vornado Realty Trust                              | VORNADO RLTY TST                          | CUSIP: 929042109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    246911 | NS      | $9301137.37   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Novanta Inc                                       | NOVANTA INC                               | CUSIP: 67000B104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     53397 | NS      | $6611616.54   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Marriott Vacations Worldwide Corp                 | MARRIOTT VACATIO                          | CUSIP: 57164Y107<br>LEI: 549300WA6BT5H4F7IO94 | Long             | EC               | CORP              | US        |     47783 | NS      | $3146988.38   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Sprouts Farmers Market Inc                        | SPROUTS FARMERS                           | CUSIP: 85208M102<br>LEI: 529900P8F4G77Q52XE24 | Long             | EC               | CORP              | US        |    148720 | NS      | $25707739.20  | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank OZK                                          | BANK OZK                                  | CUSIP: 06417N103<br>LEI: 549300VYK2WBD7SST478 | Long             | EC               | CORP              | US        |    156859 | NS      | $6953559.47   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryan Specialty Holdings Inc                       | RYAN SPECIALTY H                          | CUSIP: 78351F107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    158253 | NS      | $11326167.21  | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| BILL Holdings Inc                                 | BILL HOLDINGS IN                          | CUSIP: 090043100<br>LEI: 549300IBF9VZZIGOZW63 | Long             | EC               | CORP              | US        |    139411 | NS      | $6089472.48   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| COPT Defense Properties                           | COPT DEFENSE PRO                          | CUSIP: 22002T108<br>LEI: YY1J47X6LF9TYY8JY420 | Long             | EC               | CORP              | US        |    167686 | NS      | $4602980.70   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Cabot Corp                                        | CABOT CORP                                | CUSIP: 127055101<br>LEI: K05C0SER542GQ6VLRO68 | Long             | EC               | CORP              | US        |     80591 | NS      | $6019341.79   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Cytokinetics Inc                                  | CYTOKINETICS INC                          | CUSIP: 23282W605<br>LEI: 549300BE5DY1HW7IHA64 | Long             | EC               | CORP              | US        |    175354 | NS      | $5439481.08   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Murphy Oil Corp                                   | MURPHY OIL CORP                           | CUSIP: 626717102<br>LEI: QBKYQD0ODE7DC7PDIN91 | Long             | EC               | CORP              | US        |    204111 | NS      | $4272043.23   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Weatherford International PLC                     | WEATHERFORD INTE                          | CUSIP: G48833118<br>LEI: 529900LPBDSCQDJKHQ39 | Long             | EC               | CORP              | US        |    108455 | NS      | $4728638.00   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity National Financial Inc                   | FIDELITY NATIONA                          | CUSIP: 31620R303<br>LEI: 549300CAZYIH39SYQ287 | Long             | EC               | CORP              | US        |    386644 | NS      | $21176491.88  | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| EnerSys                                           | ENERSYS                                   | CUSIP: 29275Y102<br>LEI: 7ZS3DE5PN30BYUJFWP05 | Long             | EC               | CORP              | US        |     58707 | NS      | $4909666.41   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Fluor Corp                                        | FLUOR CORP                                | CUSIP: 343412102<br>LEI: CQ7WZ4NOFWT7FAE6Q943 | Long             | EC               | CORP              | US        |    255095 | NS      | $10606850.10  | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Wingstop Inc                                      | WINGSTOP INC                              | CUSIP: 974155103<br>LEI: 549300SSH3F8HPIM3Q47 | Long             | EC               | CORP              | US        |     43446 | NS      | $14845498.20  | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Under Armour Inc                                  | UNDER ARMO-C                              | CUSIP: 904311206<br>LEI: 549300D4549QKWETZ406 | Long             | EC               | CORP              | US        |    190569 | NS      | $1200584.70   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Power Integrations Inc                            | POWER INTEGRATIO                          | CUSIP: 739276103<br>LEI: 54930085LGXSCIHD5W31 | Long             | EC               | CORP              | US        |     84736 | NS      | $4213921.28   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Cullen/Frost Bankers Inc                          | CULLEN/FROST                              | CUSIP: 229899109<br>LEI: 529900V2E9G9AY665O34 | Long             | EC               | CORP              | US        |     95567 | NS      | $12135097.66  | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| CNO Financial Group Inc                           | CNO FINANCIAL GR                          | CUSIP: 12621E103<br>LEI: 11XPYHB76MPM4Y4P2897 | Long             | EC               | CORP              | US        |    151020 | NS      | $5732719.20   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Burlington Stores Inc                             | BURLINGTON STORE                          | CUSIP: 122017106<br>LEI: 5299003Z37DVGKKC1W09 | Long             | EC               | CORP              | US        |     93416 | NS      | $21324070.32  | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Tenet Healthcare Corp                             | TENET HEALTHCARE                          | CUSIP: 88033G407<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | EC               | CORP              | US        |    141433 | NS      | $23869647.41  | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Lincoln Electric Holdings Inc                     | LINCOLN ELECTRIC                          | CUSIP: 533900106<br>LEI: BIMGBY40SIN95O01BN93 | Long             | EC               | CORP              | US        |     83920 | NS      | $16246072.80  | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Portland General Electric Co                      | PORTLAND GENERAL                          | CUSIP: 736508847<br>LEI: GJOUP9M7C39GLSK9R870 | Long             | EC               | CORP              | US        |    162554 | NS      | $6892289.60   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| MGIC Investment Corp                              | MGIC INVT CORP                            | CUSIP: 552848103<br>LEI: 254900S8483WM4M98R28 | Long             | EC               | CORP              | US        |    369499 | NS      | $9773248.55   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Cleveland-Cliffs Inc                              | CLEVELAND-CLIFFS                          | CUSIP: 185899101<br>LEI: 549300TM2WLI2BJMDD86 | Long             | EC               | CORP              | US        |    718900 | NS      | $4191187.00   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Commercial Metals Co                              | COMMERCIAL METAL                          | CUSIP: 201723103<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | EC               | CORP              | US        |    168926 | NS      | $7870262.34   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Park Hotels & Resorts Inc                         | PARK H&R INC                              | CUSIP: 700517105<br>LEI: 5493005UZ5TQN0H6HS73 | Long             | EC               | CORP              | US        |    307935 | NS      | $3190206.60   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Mattel Inc                                        | MATTEL INC                                | CUSIP: 577081102<br>LEI: 549300VELLG24KHTJ564 | Long             | EC               | CORP              | US        |    501008 | NS      | $9489091.52   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Janus Henderson Group PLC                         | JANUS HENDERSON                           | CUSIP: G4474Y214<br>LEI: 2138009WPYMWJN3RVF44 | Long             | EC               | CORP              | US        |    189111 | NS      | $6870402.63   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| American Homes 4 Rent                             | AMERICAN HOMES-A                          | CUSIP: 02665T306<br>LEI: 549300ZJUO7A58PNUW40 | Long             | EC               | CORP              | US        |    471868 | NS      | $17860203.80  | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Okta Inc                                          | OKTA INC                                  | CUSIP: 679295105<br>LEI: 549300N8J06I8MRHU620 | Long             | EC               | CORP              | US        |    243329 | NS      | $25104252.93  | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Shift4 Payments Inc                               | SHIFT4 PAYMENT-A                          | CUSIP: 82452J109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    102112 | NS      | $9679196.48   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Gaming and Leisure Properties Inc                 | GAMING AND LEISU                          | CUSIP: 36467J108<br>LEI: 5493006GWRDBCZYWTM57 | Long             | EC               | CORP              | US        |    408151 | NS      | $19060651.70  | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Knight-Swift Transportation Holdings Inc          | KNIGHT-SWIFT TRA                          | CUSIP: 499049104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    240791 | NS      | $10671857.12  | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| RB Global Inc                                     | RB GLOBAL INC                             | CUSIP: 74935Q107<br>LEI: 5493002H8U24DJXQ4886 | Long             | EC               | CORP              | US        |    274299 | NS      | $28883684.70  | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| First Financial Bankshares Inc                    | FIRST FIN BANKSH                          | CUSIP: 32020R109<br>LEI: 549300XN3GTGOENGNV49 | Long             | EC               | CORP              | US        |    191209 | NS      | $6742029.34   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Valley National Bancorp                           | VALLEY NATL BANC                          | CUSIP: 919794107<br>LEI: 549300ET52S1UBIB9762 | Long             | EC               | CORP              | US        |    707226 | NS      | $6209444.28   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Black Hills Corp                                  | BLACK HILLS CORP                          | CUSIP: 092113109<br>LEI: 3MGELCRSTNSAMJ962671 | Long             | EC               | CORP              | US        |    106436 | NS      | $6223312.92   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| AGCO Corp                                         | AGCO CORP                                 | CUSIP: 001084102<br>LEI: LYOM0B2GCF1JWXK5ZG04 | Long             | EC               | CORP              | US        |     92130 | NS      | $9026897.40   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Cirrus Logic Inc                                  | CIRRUS LOGIC INC                          | CUSIP: 172755100<br>LEI: 549300NKSJEM5ZZSSV18 | Long             | EC               | CORP              | US        |     79001 | NS      | $7770538.36   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Rayonier Inc                                      | RAYONIER INC                              | CUSIP: 754907103<br>LEI: HGV8VDVNL0W6SF2U9C50 | Long             | EC               | CORP              | US        |    208708 | NS      | $4946379.60   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Essent Group Ltd                                  | ESSENT GROUP LTD                          | CUSIP: G3198U102<br>LEI: 254900QUO860OUT6ZF83 | Long             | EC               | CORP              | US        |    156145 | NS      | $9056410.00   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackbaud Inc                                     | BLACKBAUD INC                             | CUSIP: 09227Q100<br>LEI: 54930056X3HKFMNG3754 | Long             | EC               | CORP              | US        |     56746 | NS      | $3531303.58   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| RenaissanceRe Holdings Ltd                        | RENAISSANCERE                             | CUSIP: G7496G103<br>LEI: EK6GB9U3U58PDI411C94 | Long             | EC               | CORP              | US        |     73253 | NS      | $18270763.26  | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Hexcel Corp                                       | HEXCEL CORP                               | CUSIP: 428291108<br>LEI: S6Q7LW43WUBUHXY2QP69 | Long             | EC               | CORP              | US        |    120593 | NS      | $6378163.77   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Ally Financial Inc                                | ALLY FINANCIAL I                          | CUSIP: 02005N100<br>LEI: 549300JBN1OSM8YNAI90 | Long             | EC               | CORP              | US        |    408790 | NS      | $14307650.00  | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| TopBuild Corp                                     | TOPBUILD COR                              | CUSIP: 89055F103<br>LEI: 5493007YSKHOL4RWII46 | Long             | EC               | CORP              | US        |     43616 | NS      | $12338530.24  | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Pegasystems Inc                                   | PEGASYSTEMS INC                           | CUSIP: 705573103<br>LEI: 549300FMCOKPL06FYN26 | Long             | EC               | CORP              | US        |     66356 | NS      | $6512841.40   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Ovintiv Inc                                       | OVINTIV INC                               | CUSIP: 69047Q102<br>LEI: 2549003MEX7YMKLGI239 | Long             | EC               | CORP              | US        |    387149 | NS      | $13867677.18  | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Core & Main Inc                                   | CORE & MAIN IN-A                          | CUSIP: 21874C102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    282873 | NS      | $15504269.13  | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Avnet Inc                                         | AVNET INC                                 | CUSIP: 053807103<br>LEI: XJI53DCPL7QABOWK4Z75 | Long             | EC               | CORP              | US        |    128592 | NS      | $6430885.92   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Pinnacle Financial Partners Inc                   | PINNACLE FINL                             | CUSIP: 72346Q104<br>LEI: 54930098EZ8JMSAZGS24 | Long             | EC               | CORP              | US        |    113856 | NS      | $12100615.68  | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Travel + Leisure Co                               | TRAVEL + LEISURE                          | CUSIP: 894164102<br>LEI: T4VNTWMFQ7JQB65L7T35 | Long             | EC               | CORP              | US        |    101578 | NS      | $4933643.46   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Lithia Motors Inc                                 | LITHIA MOTORS                             | CUSIP: 536797103<br>LEI: SE8N1EZEHPZQBCBVKD53 | Long             | EC               | CORP              | US        |     39620 | NS      | $12555974.20  | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Affiliated Managers Group Inc                     | AFFIL MANAGERS                            | CUSIP: 008252108<br>LEI: 2JE75BUE3T1BLCYYGK54 | Long             | EC               | CORP              | US        |     43486 | NS      | $7653536.00   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Tetra Tech Inc                                    | TETRA TECH INC                            | CUSIP: 88162G103<br>LEI: 549300UJ1LP7JGJC5P32 | Long             | EC               | CORP              | US        |    398670 | NS      | $13929529.80  | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Landstar System Inc                               | LANDSTAR SYSTEM                           | CUSIP: 515098101<br>LEI: 254900CUQXQRL09MEI52 | Long             | EC               | CORP              | US        |     52498 | NS      | $7203775.56   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Flagstar Financial Inc                            | FLAGSTAR FINANCI                          | CUSIP: 649445400<br>LEI: 529900HVXOTLY61GL030 | Long             | EC               | CORP              | US        |    450299 | NS      | $5187444.48   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| AutoNation Inc                                    | AUTONATION INC                            | CUSIP: 05329W102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     38320 | NS      | $7045132.00   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Maplebear Inc                                     | MAPLEBEAR INC                             | CUSIP: 565394103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    240710 | NS      | $10993225.70  | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Valaris Ltd                                       | VALARIS LTD                               | CUSIP: G9460G101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     97499 | NS      | $3667912.38   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Ashland Inc                                       | ASHLAND INC                               | CUSIP: 044186104<br>LEI: 529900E4L9R04SB8HB11 | Long             | EC               | CORP              | US        |     70354 | NS      | $3483226.54   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Voya Financial Inc                                | VOYA FINANCIAL I                          | CUSIP: 929089100<br>LEI: 549300T065Z4KJ686G75 | Long             | EC               | CORP              | US        |    143087 | NS      | $9518147.24   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| US Foods Holding Corp                             | US FOODS HOLDING                          | CUSIP: 912008109<br>LEI: 549300UGOZSO64CFPR97 | Long             | EC               | CORP              | US        |    342656 | NS      | $27110942.72  | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Goodyear Tire & Rubber Co/The                     | GOODYEAR TIRE                             | CUSIP: 382550101<br>LEI: 5493002BI0S2ZQUY3437 | Long             | EC               | CORP              | US        |    424284 | NS      | $4841080.44   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Acadia Healthcare Co Inc                          | ACADIA HEALTHCAR                          | CUSIP: 00404A109<br>LEI: 5493005CW985Y9D0NC11 | Long             | EC               | CORP              | US        |    138456 | NS      | $3134643.84   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Drainage Systems Inc                     | ADVANCED DRAINAG                          | CUSIP: 00790R104<br>LEI: 6QQTOZ5MF5DHM7K92I60 | Long             | EC               | CORP              | US        |    105001 | NS      | $11545909.96  | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Financial Corp                     | FIRST AMERICAN F                          | CUSIP: 31847R102<br>LEI: 549300B6VEZK3N0A1P55 | Long             | EC               | CORP              | US        |    153135 | NS      | $8546464.35   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| United Bankshares Inc/WV                          | UNITED BANKSHS                            | CUSIP: 909907107<br>LEI: 5299005O3BAMJ9Z92V62 | Long             | EC               | CORP              | US        |    212283 | NS      | $7671907.62   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Fabrinet                                          | FABRINET                                  | CUSIP: G3323L100<br>LEI: 5493004TETZ6IYF7CV44 | Long             | EC               | CORP              | US        |     53529 | NS      | $12465298.23  | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Associated Banc-Corp                              | ASSOC BANC-CORP                           | CUSIP: 045487105<br>LEI: 549300N3CIN473IW5094 | Long             | EC               | CORP              | US        |    243575 | NS      | $5643632.75   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Sonoco Products Co                                | SONOCO PRODUCTS                           | CUSIP: 835495102<br>LEI: GKOMIK4RDJGHEF0VNP11 | Long             | EC               | CORP              | US        |    146060 | NS      | $6651572.40   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                               | Receive TD SYNNEX CORP Pay Overnight Rate | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |     17500 | NC      | $177675.68    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Concentrix Corp                                   | CONCENTRIX CORP                           | CUSIP: 20602D101<br>LEI: 5493000EAJN1KMPVA737 | Long             | EC               | CORP              | US        |     68740 | NS      | $3847034.10   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Chewy Inc                                         | CHEWY INC- CL A                           | CUSIP: 16679L109<br>LEI: 254900NPQSTG9I422879 | Long             | EC               | CORP              | US        |    246376 | NS      | $11148514.00  | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Science Applications International Corp           | SCIENCE APPLICAT                          | CUSIP: 808625107<br>LEI: 549300LZPNZIXQGZPZ48 | Long             | EC               | CORP              | US        |     72678 | NS      | $8397216.12   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| GATX Corp                                         | GATX CORP                                 | CUSIP: 361448103<br>LEI: 549300IHYHCQP2PIR591 | Long             | EC               | CORP              | US        |     52823 | NS      | $8411534.52   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| International Bancshares Corp                     | INTL BANCSHARES                           | CUSIP: 459044103<br>LEI: 549300Y16R531AU8TX77 | Long             | EC               | CORP              | US        |     79458 | NS      | $4976454.54   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| New Jersey Resources Corp                         | NEW JERSEY RES                            | CUSIP: 646025106<br>LEI: 549300QKBSQBIX4DQ583 | Long             | EC               | CORP              | US        |    148975 | NS      | $6836462.75   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Crane NXT Co                                      | CRANE NXT CO                              | CUSIP: 224441105<br>LEI: 549300EXNPSXEWUD3N21 | Long             | EC               | CORP              | US        |     73275 | NS      | $3928272.75   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Wendy's Co/The                                    | WENDY'S CO/THE                            | CUSIP: 95058W100<br>LEI: 529900M0JIUCMWVKHG76 | Long             | EC               | CORP              | US        |    255510 | NS      | $2912814.00   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Silgan Holdings Inc                               | SILGAN HOLDINGS                           | CUSIP: 827048109<br>LEI: KAF673KJXD92C8KSLU49 | Long             | EC               | CORP              | US        |    120663 | NS      | $6644911.41   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Eagle Materials Inc                               | EAGLE MATERIALS                           | CUSIP: 26969P108<br>LEI: 529900KRXRGXL61SG039 | Long             | EC               | CORP              | US        |     49515 | NS      | $10012428.15  | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| PBF Energy Inc                                    | PBF ENERGY INC-A                          | CUSIP: 69318G106<br>LEI: 2549003PBEDCSZMZIY02 | Long             | EC               | CORP              | US        |    146060 | NS      | $2782443.00   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity LifeStyle Properties Inc                   | EQUITY LIFESTYLE                          | CUSIP: 29472R108<br>LEI: 529900PEQG66LENB6798 | Long             | EC               | CORP              | US        |    284200 | NS      | $18066594.00  | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Synovus Financial Corp                            | SYNOVUS FINL                              | CUSIP: 87161C501<br>LEI: 549300EIUS8UN5JTLE54 | Long             | EC               | CORP              | US        |    209931 | NS      | $10040999.73  | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Louisiana-Pacific Corp                            | LOUISIANA-PACIFI                          | CUSIP: 546347105<br>LEI: 549300C7E2UAO5BVRR75 | Long             | EC               | CORP              | US        |     92943 | NS      | $8371376.01   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Starwood Property Trust Inc                       | STARWOOD PROPERT                          | CUSIP: 85571B105<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | EC               | CORP              | US        |    476298 | NS      | $9406885.50   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Belden Inc                                        | BELDEN INC                                | CUSIP: 077454106<br>LEI: 68BKYO1JC791TTJHUE82 | Long             | EC               | CORP              | US        |     59859 | NS      | $6357025.80   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Owens Corning                                     | OWENS CORNING                             | CUSIP: 690742101<br>LEI: JO5M6676RDJIZ2U8X907 | Long             | EC               | CORP              | US        |    127592 | NS      | $17090948.40  | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Pilgrim's Pride Corp                              | PILGRIM'S PRIDE                           | CUSIP: 72147K108<br>LEI: 549300ZSLGV64ZL3HD75 | Long             | EC               | CORP              | US        |     59991 | NS      | $2949157.56   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Appfolio Inc                                      | APPFOLIO INC - A                          | CUSIP: 03783C100<br>LEI: 529900OOUUGT6JFC0S15 | Long             | EC               | CORP              | US        |     34554 | NS      | $7296768.18   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Agree Realty Corp                                 | AGREE REALTY                              | CUSIP: 008492100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    159231 | NS      | $11990094.30  | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Euronet Worldwide Inc                             | EURONET WORLDWID                          | CUSIP: 298736109<br>LEI: YG3575C4DSHJPA5KET68 | Long             | EC               | CORP              | US        |     61381 | NS      | $6646334.68   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Littelfuse Inc                                    | LITTELFUSE INC                            | CUSIP: 537008104<br>LEI: 549300MY7HLQFYTPCX75 | Long             | EC               | CORP              | US        |     36880 | NS      | $7562612.80   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Webster Financial Corp                            | WEBSTER FINL                              | CUSIP: 947890109<br>LEI: KMRURHT0VWKYS6Z5KU67 | Long             | EC               | CORP              | US        |    254951 | NS      | $13124877.48  | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Axalta Coating Systems Ltd                        | AXALTA COATING S                          | CUSIP: G0750C108<br>LEI: 529900AGLPA40GV6H619 | Long             | EC               | CORP              | US        |    324407 | NS      | $9991735.60   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| GXO Logistics Inc                                 | GXO LOGISTIC                              | CUSIP: 36262G101<br>LEI: 5493007CNWMXN78JRN66 | Long             | EC               | CORP              | US        |    177659 | NS      | $7308891.26   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Brunswick Corp/DE                                 | BRUNSWICK CORP                            | CUSIP: 117043109<br>LEI: YM4O38W15AX4YLLQKU27 | Long             | EC               | CORP              | US        |     97982 | NS      | $4959848.84   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| XPO Inc                                           | XPO INC                                   | CUSIP: 983793100<br>LEI: 54930096DB9LCLPN7H13 | Long             | EC               | CORP              | US        |    174377 | NS      | $19849333.91  | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Greif Inc                                         | GREIF INC-CL A                            | CUSIP: 397624107<br>LEI: 54930070FVGKR0Z1FI24 | Long             | EC               | CORP              | US        |     38568 | NS      | $2144380.80   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Donaldson Co Inc                                  | DONALDSON CO INC                          | CUSIP: 257651109<br>LEI: OZE6KXY9QQPR8EJ8WL20 | Long             | EC               | CORP              | US        |    177625 | NS      | $12353818.75  | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| MasTec Inc                                        | MASTEC INC                                | CUSIP: 576323109<br>LEI: 549300TMDIT8WREDOF45 | Long             | EC               | CORP              | US        |     91567 | NS      | $14278042.31  | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Graco Inc                                         | GRACO INC                                 | CUSIP: 384109104<br>LEI: 4T5VJ4S81BRT6Q7GGT78 | Long             | EC               | CORP              | US        |    251142 | NS      | $21261681.72  | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| FirstCash Holdings Inc                            | FIRSTCASH HOLDIN                          | CUSIP: 33768G107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     57876 | NS      | $7402919.16   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| TD SYNNEX Corp                                    | TD SYNNEX CORP                            | CUSIP: 87162W100<br>LEI: 5493004HI6PFLF46NS53 | Long             | EC               | CORP              | US        |     94581 | NS      | $11476458.54  | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Silicon Laboratories Inc                          | SILICON LABS                              | CUSIP: 826919102<br>LEI: 4PRDF8Q9TDHRVZKZSZ47 | Long             | EC               | CORP              | US        |     48238 | NS      | $5814126.14   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| NOV Inc                                           | NOV INC                                   | CUSIP: 62955J103<br>LEI: 549300EHF3IW1AR6U008 | Long             | EC               | CORP              | US        |    566079 | NS      | $6792948.00   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Kirby Corp                                        | KIRBY CORP                                | CUSIP: 497266106<br>LEI: I7NO6FZO5GUCG585T325 | Long             | EC               | CORP              | US        |     85363 | NS      | $9444562.32   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| DocuSign Inc                                      | DOCUSIGN INC                              | CUSIP: 256163106<br>LEI: 549300Q7PVDWRZ39JG09 | Long             | EC               | CORP              | US        |    300476 | NS      | $26625178.36  | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| EastGroup Properties Inc                          | EASTGROUP PROP                            | CUSIP: 277276101<br>LEI: 31TIGQQZC4P6JMHKSW85 | Long             | EC               | CORP              | US        |     77263 | NS      | $13099941.65  | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Viper Energy Inc                                  | VIPER ENERGY INC                          | CUSIP: 927959106<br>LEI: 5299009LINL232255G03 | Long             | EC               | CORP              | US        |    195191 | NS      | $7747130.79   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Omega Healthcare Investors Inc                    | OMEGA HEALTHCARE                          | CUSIP: 681936100<br>LEI: 549300OJ7ENK42CZ8E73 | Long             | EC               | CORP              | US        |    419212 | NS      | $15510844.00  | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadence Bank                                      | CADENCE BANK                              | CUSIP: 12740C103<br>LEI: Q7C315HKI8VX0SSKBS64 | Long             | EC               | CORP              | US        |    272800 | NS      | $8265840.00   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Flowserve Corp                                    | FLOWSERVE CORP                            | CUSIP: 34354P105<br>LEI: 6Y0GK87T6V7NJKZJVM41 | Long             | EC               | CORP              | US        |    195384 | NS      | $9751615.44   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| FNB Corp/PA                                       | FNB CORP                                  | CUSIP: 302520101<br>LEI: PCYSKIGYNYFDTBLVZU83 | Long             | EC               | CORP              | US        |    534675 | NS      | $7415942.25   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Antero Midstream Corp                             | ANTERO MIDSTREAM                          | CUSIP: 03676B102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    498244 | NS      | $9357022.32   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Genpact Ltd                                       | GENPACT LTD                               | CUSIP: G3922B107<br>LEI: 529900OSEC6Q0L4L5B35 | Long             | EC               | CORP              | US        |    239021 | NS      | $10289854.05  | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Valvoline Inc                                     | VALVOLINE INC                             | CUSIP: 92047W101<br>LEI: 549300CMHPBEY6VPOT75 | Long             | EC               | CORP              | US        |    188903 | NS      | $6534154.77   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Display Corp                            | UNIVERSAL DISPLA                          | CUSIP: 91347P105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     65639 | NS      | $9409350.65   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| RPM International Inc                             | RPM INTL INC                              | CUSIP: 749685103<br>LEI: 549300TJCKW4BRXPJ474 | Long             | EC               | CORP              | US        |    191206 | NS      | $21766891.04  | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Onto Innovation Inc                               | ONTO INNOVATION                           | CUSIP: 683344105<br>LEI: 254900RXZVN73CHOO062 | Long             | EC               | CORP              | US        |     73427 | NS      | $6750878.38   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Repligen Corp                                     | REPLIGEN CORP                             | CUSIP: 759916109<br>LEI: 54930006QJ0T5AUO1E71 | Long             | EC               | CORP              | US        |     77478 | NS      | $9147827.46   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Exponent Inc                                      | EXPONENT INC                              | CUSIP: 30214U102<br>LEI: 529900NY3F5Q2NWPUZ42 | Long             | EC               | CORP              | US        |     75412 | NS      | $5756952.08   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Flowers Foods Inc                                 | FLOWERS FOODS                             | CUSIP: 343498101<br>LEI: 7YNCQQNDK8FBM9BBTK25 | Long             | EC               | CORP              | US        |    290770 | NS      | $4914013.00   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| BJ's Wholesale Club Holdings Inc                  | BJ'S WHOLESALE C                          | CUSIP: 05550J101<br>LEI: 549300UCIWH1C93V0J03 | Long             | EC               | CORP              | US        |    196469 | NS      | $22242255.49  | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Flex Ltd                                          | FLEX LTD                                  | CUSIP: Y2573F102<br>LEI: 549300EAQH74YHD07T53 | Long             | EC               | CORP              | US        |    569839 | NS      | $24104189.70  | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Rexford Industrial Realty Inc                     | REXFORD INDUSTRI                          | CUSIP: 76169C100<br>LEI: 549300MSLO0DF0EMX355 | Long             | EC               | CORP              | US        |    338433 | NS      | $11926378.92  | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| East West Bancorp Inc                             | EAST WEST BNCRP                           | CUSIP: 27579R104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    206211 | NS      | $18806443.20  | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Curtiss-Wright Corp                               | CURTISS-WRIGHT                            | CUSIP: 231561101<br>LEI: TEL51ETZWP7D0ZM4X325 | Long             | EC               | CORP              | US        |     56011 | NS      | $24651001.21  | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| American Airlines Group Inc                       | AMERICAN AIRLINE                          | CUSIP: 02376R102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    978093 | NS      | $11160041.13  | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Cmt Funds-Vanguard Market Liquidity Fund | Vanguard Market Liquidity Fund            | CUSIP: N/A<br>LEI: 1I6HV0TLSTR3A4XQ6L78       | Long             | STIV             | CORP              | US        |     11247 | NS      | $1124555.53   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Range Resources Corp                              | RANGE RESOURCES                           | CUSIP: 75281A109<br>LEI: H3Y3WLYCX0BTO1TRW162 | Long             | EC               | CORP              | US        |    358899 | NS      | $13652517.96  | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Bio-Rad Laboratories Inc                          | BIO-RAD LABS-A                            | CUSIP: 090572207<br>LEI: 549300ZC1GPV35XYDK53 | Long             | EC               | CORP              | US        |     28642 | NS      | $6499729.06   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| American Financial Group Inc/OH                   | AMER FINL GROUP                           | CUSIP: 025932104<br>LEI: 549300AFOM7IVKIU1G39 | Long             | EC               | CORP              | US        |    107427 | NS      | $13318799.46  | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Cava Group Inc                                    | CAVA GROUP INC                            | CUSIP: 148929102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    120992 | NS      | $9833019.84   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| New York Times Co/The                             | NEW YORK TIMES-A                          | CUSIP: 650111107<br>LEI: 529900J1WEMMIW7BOH57 | Long             | EC               | CORP              | US        |    242714 | NS      | $13863823.68  | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Lancaster Colony Corp                             | LANCASTER COLONY                          | CUSIP: 513847103<br>LEI: 529900X4O13HED1ZAS58 | Long             | EC               | CORP              | US        |     28732 | NS      | $4809736.80   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Ollie's Bargain Outlet Holdings Inc               | OLLIE'S BARGAIN                           | CUSIP: 681116109<br>LEI: 529900YO5DSQCPEFDZ05 | Long             | EC               | CORP              | US        |     91141 | NS      | $10157664.45  | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Dropbox Inc                                       | DROPBOX INC-A                             | CUSIP: 26210C104<br>LEI: 549300JCDF7UAR6TJR51 | Long             | EC               | CORP              | US        |    321836 | NS      | $9288186.96   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Guidewire Software Inc                            | GUIDEWIRE SOFTWA                          | CUSIP: 40171V100<br>LEI: 549300WXSG0J8IXZCK32 | Long             | EC               | CORP              | US        |    124228 | NS      | $26711504.56  | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Masimo Corp                                       | MASIMO CORP                               | CUSIP: 574795100<br>LEI: 549300Q4A8JK0PIYCU29 | Long             | EC               | CORP              | US        |     66096 | NS      | $10740600.00  | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| ITT Inc                                           | ITT INC                                   | CUSIP: 45073V108<br>LEI: 549300KDSERHTJOXUS80 | Long             | EC               | CORP              | US        |    121064 | NS      | $18224974.56  | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Interactive Brokers Group Inc                     | INTERACTIVE BROK                          | CUSIP: 45841N107<br>LEI: 5493004DT6DCDUZNDM53 | Long             | EC               | CORP              | US        |    161934 | NS      | $33954321.12  | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Lamar Advertising Co                              | LAMAR ADVERTIS-A                          | CUSIP: 512816109<br>LEI: 529900Y8WW4MKVPTB543 | Long             | EC               | CORP              | US        |    130794 | NS      | $15765908.76  | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Entegris Inc                                      | ENTEGRIS INC                              | CUSIP: 29362U104<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | EC               | CORP              | US        |    224797 | NS      | $15452545.78  | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Autoliv Inc                                       | AUTOLIV INC                               | CUSIP: 052800109<br>LEI: A23RUXWKASG834LTMK28 | Long             | EC               | CORP              | US        |    106348 | NS      | $10934701.36  | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Southwest Gas Holdings Inc                        | SOUTHWEST GAS HO                          | CUSIP: 844895102<br>LEI: 254900LKF9EV0CUKNE09 | Long             | EC               | CORP              | US        |     89518 | NS      | $6430077.94   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-29

**Name of Applicant:** VANGUARD ADMIRAL FUNDS

**Signature:** Ashley Grim

**Name of Signer:** Ashley Grim

**Title:** Treasurer