# EDGAR Filing Document

**Accession Number:** 0000891190
**File Stem:** 0001752724-25-182517
**Filing Date:** 2025-7
**Character Count:** 172657
**Document Hash:** d6b7cf7c672e0105cce9cf80dbaf5c74
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-182517.hdr.sgml**: 20250729

**ACCESSION NUMBER**: 0001752724-25-182517

**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:** 251161270

**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 Small-Cap 600 Growth Index Fund (Series ID: S000030018)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000092046 | ETF Shares   | VIOG            |

## Nport-Ex

Vanguard<sup>®</sup> S&P Small-Cap 600 Growth 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 (99.6%)** | **Common Stocks (99.6%)** | **Common Stocks (99.6%)** | **Common Stocks (99.6%)** |
| **Communication Services (3.0%)** | **Communication Services (3.0%)** | **Communication Services (3.0%)** | **Communication Services (3.0%)** |
|  | Cinemark Holdings Inc. | &nbsp;&nbsp;128791 | &nbsp;&nbsp;&nbsp;&nbsp;4349 |
| <sup>\*</sup> | Madison Square Garden Sports Corp. | &nbsp;&nbsp;&nbsp;&nbsp;20203 | &nbsp;&nbsp;&nbsp;&nbsp;3836 |
| <sup>\*</sup> | Cargurus Inc. Class A | &nbsp;&nbsp;106100 | &nbsp;&nbsp;&nbsp;&nbsp;3325 |
| <sup>\*</sup> | Lumen Technologies Inc. | &nbsp;&nbsp;624592 | &nbsp;&nbsp;&nbsp;&nbsp;2448 |
|  | Cogent Communications Holdings Inc. | &nbsp;&nbsp;&nbsp;&nbsp;50862 | &nbsp;&nbsp;&nbsp;&nbsp;2325 |
| <sup>\*</sup> | Yelp Inc. Class A | &nbsp;&nbsp;&nbsp;&nbsp;43611 | &nbsp;&nbsp;&nbsp;&nbsp;1664 |
| <sup>\*</sup> | DoubleVerify Holdings Inc. | &nbsp;&nbsp;&nbsp;&nbsp;94738 | &nbsp;&nbsp;&nbsp;&nbsp;1302 |
| <sup>\*</sup> | TripAdvisor Inc. | &nbsp;&nbsp;&nbsp;&nbsp;88809 | &nbsp;&nbsp;&nbsp;&nbsp;1265 |
|  | John Wiley & Sons Inc. Class A | &nbsp;&nbsp;&nbsp;&nbsp;29140 | &nbsp;&nbsp;&nbsp;&nbsp;1140 |
| <sup>\*</sup> | QuinStreet Inc. | &nbsp;&nbsp;&nbsp;&nbsp;67997 | &nbsp;&nbsp;&nbsp;&nbsp;1038 |
| <sup>\*</sup> | Gogo Inc. | &nbsp;&nbsp;&nbsp;&nbsp;32976 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;350 |
| <sup>\*</sup> | Cars.com Inc. | &nbsp;&nbsp;&nbsp;&nbsp;31781 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;326 |
| <sup>\*</sup> | Thryv Holdings Inc. | &nbsp;&nbsp;&nbsp;&nbsp;18093 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;241 |
| <sup>\*</sup> | TechTarget Inc. | &nbsp;&nbsp;&nbsp;&nbsp;14817 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;120 |
|  |  |  | &nbsp;&nbsp;**23729** |
| **Consumer Discretionary (12.2%)** | **Consumer Discretionary (12.2%)** | **Consumer Discretionary (12.2%)** | **Consumer Discretionary (12.2%)** |
| <sup>\*</sup> | Brinker International Inc. | &nbsp;&nbsp;&nbsp;&nbsp;53547 | &nbsp;&nbsp;&nbsp;&nbsp;9244 |
| <sup>\*</sup> | Stride Inc. | &nbsp;&nbsp;&nbsp;&nbsp;51568 | &nbsp;&nbsp;&nbsp;&nbsp;7807 |
| <sup>\*</sup> | Shake Shack Inc. Class A | &nbsp;&nbsp;&nbsp;&nbsp;48270 | &nbsp;&nbsp;&nbsp;&nbsp;6265 |
| <sup>\*</sup> | Adtalem Global Education Inc. | &nbsp;&nbsp;&nbsp;&nbsp;44932 | &nbsp;&nbsp;&nbsp;&nbsp;5932 |
| <sup>\*</sup> | Boot Barn Holdings Inc. | &nbsp;&nbsp;&nbsp;&nbsp;36897 | &nbsp;&nbsp;&nbsp;&nbsp;5915 |
| <sup>\*</sup> | Frontdoor Inc. | &nbsp;&nbsp;&nbsp;&nbsp;91428 | &nbsp;&nbsp;&nbsp;&nbsp;5029 |
|  | Installed Building Products Inc. | &nbsp;&nbsp;&nbsp;&nbsp;28009 | &nbsp;&nbsp;&nbsp;&nbsp;4467 |
| <sup>\*</sup> | Dorman Products Inc. | &nbsp;&nbsp;&nbsp;&nbsp;32757 | &nbsp;&nbsp;&nbsp;&nbsp;4236 |
| <sup>\*</sup> | Cavco Industries Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9662 | &nbsp;&nbsp;&nbsp;&nbsp;4189 |
| <sup>\*</sup> | Champion Homes Inc. | &nbsp;&nbsp;&nbsp;&nbsp;63533 | &nbsp;&nbsp;&nbsp;&nbsp;4155 |
|  | Kontoor Brands Inc. | &nbsp;&nbsp;&nbsp;&nbsp;59868 | &nbsp;&nbsp;&nbsp;&nbsp;4107 |
|  | Six Flags Entertainment Corp. | &nbsp;&nbsp;112486 | &nbsp;&nbsp;&nbsp;&nbsp;3775 |
| <sup>\*</sup> | Etsy Inc. | &nbsp;&nbsp;&nbsp;&nbsp;66406 | &nbsp;&nbsp;&nbsp;&nbsp;3676 |
|  | Group 1 Automotive Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7678 | &nbsp;&nbsp;&nbsp;&nbsp;3255 |
| <sup>\*</sup> | Green Brick Partners Inc. | &nbsp;&nbsp;&nbsp;&nbsp;37003 | &nbsp;&nbsp;&nbsp;&nbsp;2163 |
| <sup>\*</sup> | Urban Outfitters Inc. | &nbsp;&nbsp;&nbsp;&nbsp;30526 | &nbsp;&nbsp;&nbsp;&nbsp;2134 |
|  | Cheesecake Factory Inc. | &nbsp;&nbsp;&nbsp;&nbsp;37340 | &nbsp;&nbsp;&nbsp;&nbsp;2060 |
| <sup>\*</sup> | M/I Homes Inc. | &nbsp;&nbsp;&nbsp;&nbsp;17376 | &nbsp;&nbsp;&nbsp;&nbsp;1853 |
| <sup>\*</sup> | Tri Pointe Homes Inc. | &nbsp;&nbsp;&nbsp;&nbsp;57529 | &nbsp;&nbsp;&nbsp;&nbsp;1696 |
|  | Patrick Industries Inc. | &nbsp;&nbsp;&nbsp;&nbsp;19435 | &nbsp;&nbsp;&nbsp;&nbsp;1669 |
|  | Steven Madden Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;57407 | &nbsp;&nbsp;&nbsp;&nbsp;1415 |
|  | Perdoceo Education Corp. | &nbsp;&nbsp;&nbsp;&nbsp;39415 | &nbsp;&nbsp;&nbsp;&nbsp;1342 |
|  | Monarch Casino & Resort Inc. | &nbsp;&nbsp;&nbsp;&nbsp;15325 | &nbsp;&nbsp;&nbsp;&nbsp;1283 |
|  | Acushnet Holdings Corp. | &nbsp;&nbsp;&nbsp;&nbsp;18463 | &nbsp;&nbsp;&nbsp;&nbsp;1260 |
| <sup>\*</sup> | Sabre Corp. | &nbsp;&nbsp;464405 | &nbsp;&nbsp;&nbsp;&nbsp;1170 |
|  | Wolverine World Wide Inc. | &nbsp;&nbsp;&nbsp;&nbsp;65676 | &nbsp;&nbsp;&nbsp;&nbsp;1120 |
| <sup>\*</sup> | Hanesbrands Inc. | &nbsp;&nbsp;225261 | &nbsp;&nbsp;&nbsp;&nbsp;1115 |
|  | Phinia Inc. | &nbsp;&nbsp;&nbsp;&nbsp;25050 | &nbsp;&nbsp;&nbsp;&nbsp;1087 |
| <sup>\*</sup> | XPEL Inc. | &nbsp;&nbsp;&nbsp;&nbsp;27339 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;983 |
| <sup>\*</sup> | Dave & Buster's Entertainment Inc. | &nbsp;&nbsp;&nbsp;&nbsp;37166 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;816 |
|  | Buckle Inc. | &nbsp;&nbsp;&nbsp;&nbsp;18060 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;770 |
| <sup>\*</sup> | Pursuit Attractions & Hospitality Inc. | &nbsp;&nbsp;&nbsp;&nbsp;25577 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;713 |
| <sup>\*</sup> | Dream Finders Homes Inc. Class A | &nbsp;&nbsp;&nbsp;&nbsp;33101 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;691 |
| <sup>\*</sup> | Mister Car Wash Inc. | &nbsp;&nbsp;&nbsp;&nbsp;53257 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;377 |
|  |  |  | &nbsp;&nbsp;**97769** |
| **Consumer Staples (2.9%)** | **Consumer Staples (2.9%)** | **Consumer Staples (2.9%)** | **Consumer Staples (2.9%)** |
|  | Cal-Maine Foods Inc. | &nbsp;&nbsp;&nbsp;&nbsp;52036 | &nbsp;&nbsp;&nbsp;&nbsp;4992 |
| <sup>\*</sup> | Freshpet Inc. | &nbsp;&nbsp;&nbsp;&nbsp;58531 | &nbsp;&nbsp;&nbsp;&nbsp;4692 |
|  | Interparfums Inc. | &nbsp;&nbsp;&nbsp;&nbsp;21610 | &nbsp;&nbsp;&nbsp;&nbsp;2944 |
| <sup>\*</sup> | Chefs' Warehouse Inc. | &nbsp;&nbsp;&nbsp;&nbsp;42366 | &nbsp;&nbsp;&nbsp;&nbsp;2702 |
|  | WD-40 Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9954 | &nbsp;&nbsp;&nbsp;&nbsp;2425 |
| <sup>\*</sup> | Simply Good Foods Co. | &nbsp;&nbsp;&nbsp;&nbsp;50955 | &nbsp;&nbsp;&nbsp;&nbsp;1758 |
|  | J & J Snack Foods Corp. | &nbsp;&nbsp;&nbsp;&nbsp;10330 | &nbsp;&nbsp;&nbsp;&nbsp;1190 |
|  | WK Kellogg Co. | &nbsp;&nbsp;&nbsp;&nbsp;49456 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;837 |
|  | Energizer Holdings Inc. | &nbsp;&nbsp;&nbsp;&nbsp;33176 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;772 |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  |  | &nbsp;&nbsp;Shares | &nbsp;&nbsp;Market<br> Value<br> ($000) |
|  | National Beverage Corp. | &nbsp;&nbsp;&nbsp;&nbsp;14697 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;665 |
|  | Tootsie Roll Industries Inc. | &nbsp;&nbsp;&nbsp;&nbsp;11724 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;418 |
|  |  |  | &nbsp;&nbsp;**23395** |
| **Energy (4.0%)** | **Energy (4.0%)** | **Energy (4.0%)** | **Energy (4.0%)** |
|  | Archrock Inc. | &nbsp;&nbsp;211222 | &nbsp;&nbsp;&nbsp;&nbsp;5259 |
|  | Core Natural Resources Inc. | &nbsp;&nbsp;&nbsp;&nbsp;61190 | &nbsp;&nbsp;&nbsp;&nbsp;4241 |
|  | Cactus Inc. Class A | &nbsp;&nbsp;&nbsp;&nbsp;80405 | &nbsp;&nbsp;&nbsp;&nbsp;3297 |
|  | Northern Oil & Gas Inc. | &nbsp;&nbsp;119799 | &nbsp;&nbsp;&nbsp;&nbsp;3184 |
|  | Magnolia Oil & Gas Corp. Class A | &nbsp;&nbsp;147489 | &nbsp;&nbsp;&nbsp;&nbsp;3171 |
| <sup>\*</sup> | Oceaneering International Inc. | &nbsp;&nbsp;121743 | &nbsp;&nbsp;&nbsp;&nbsp;2322 |
| <sup>\*</sup> | Tidewater Inc. | &nbsp;&nbsp;&nbsp;&nbsp;57985 | &nbsp;&nbsp;&nbsp;&nbsp;2303 |
|  | SM Energy Co. | &nbsp;&nbsp;&nbsp;&nbsp;68920 | &nbsp;&nbsp;&nbsp;&nbsp;1614 |
| <sup>\*</sup> | Comstock Resources Inc. | &nbsp;&nbsp;&nbsp;&nbsp;55648 | &nbsp;&nbsp;&nbsp;&nbsp;1297 |
|  | Liberty Energy Inc. Class A | &nbsp;&nbsp;107281 | &nbsp;&nbsp;&nbsp;&nbsp;1243 |
|  | Helmerich & Payne Inc. | &nbsp;&nbsp;&nbsp;&nbsp;69430 | &nbsp;&nbsp;&nbsp;&nbsp;1059 |
| <sup>1</sup> | Atlas Energy Solutions Inc. | &nbsp;&nbsp;&nbsp;&nbsp;86523 | &nbsp;&nbsp;&nbsp;&nbsp;1051 |
|  | International Seaways Inc. | &nbsp;&nbsp;&nbsp;&nbsp;27777 | &nbsp;&nbsp;&nbsp;&nbsp;1029 |
| <sup>\*</sup> | Helix Energy Solutions Group Inc. | &nbsp;&nbsp;&nbsp;&nbsp;98399 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;609 |
|  | Core Laboratories Inc. | &nbsp;&nbsp;&nbsp;&nbsp;27248 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;293 |
|  | RPC Inc. | &nbsp;&nbsp;&nbsp;&nbsp;52089 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;231 |
|  |  |  | &nbsp;&nbsp;**32203** |
| **Financials (14.9%)** | **Financials (14.9%)** | **Financials (14.9%)** | **Financials (14.9%)** |
| <sup>\*</sup> | Palomar Holdings Inc. | &nbsp;&nbsp;&nbsp;&nbsp;31992 | &nbsp;&nbsp;&nbsp;&nbsp;5486 |
|  | Piper Sandler Cos. | &nbsp;&nbsp;&nbsp;&nbsp;19410 | &nbsp;&nbsp;&nbsp;&nbsp;4881 |
| <sup>\*</sup> | Axos Financial Inc. | &nbsp;&nbsp;&nbsp;&nbsp;65416 | &nbsp;&nbsp;&nbsp;&nbsp;4549 |
|  | ServisFirst Bancshares Inc. | &nbsp;&nbsp;&nbsp;&nbsp;60548 | &nbsp;&nbsp;&nbsp;&nbsp;4507 |
|  | PJT Partners Inc. Class A | &nbsp;&nbsp;&nbsp;&nbsp;28583 | &nbsp;&nbsp;&nbsp;&nbsp;4306 |
|  | Virtu Financial Inc. Class A | &nbsp;&nbsp;&nbsp;&nbsp;97436 | &nbsp;&nbsp;&nbsp;&nbsp;3916 |
| <sup>\*</sup> | NMI Holdings Inc. Class A | &nbsp;&nbsp;&nbsp;&nbsp;94642 | &nbsp;&nbsp;&nbsp;&nbsp;3759 |
|  | Goosehead Insurance Inc. Class A | &nbsp;&nbsp;&nbsp;&nbsp;29431 | &nbsp;&nbsp;&nbsp;&nbsp;3186 |
|  | BancFirst Corp. | &nbsp;&nbsp;&nbsp;&nbsp;24056 | &nbsp;&nbsp;&nbsp;&nbsp;2976 |
| <sup>\*</sup> | Bancorp Inc. | &nbsp;&nbsp;&nbsp;&nbsp;57572 | &nbsp;&nbsp;&nbsp;&nbsp;2942 |
| <sup>\*</sup> | Enova International Inc. | &nbsp;&nbsp;&nbsp;&nbsp;31141 | &nbsp;&nbsp;&nbsp;&nbsp;2886 |
|  | Radian Group Inc. | &nbsp;&nbsp;&nbsp;&nbsp;78775 | &nbsp;&nbsp;&nbsp;&nbsp;2690 |
|  | StepStone Group Inc. Class A | &nbsp;&nbsp;&nbsp;&nbsp;45315 | &nbsp;&nbsp;&nbsp;&nbsp;2621 |
|  | Cohen & Steers Inc. | &nbsp;&nbsp;&nbsp;&nbsp;32338 | &nbsp;&nbsp;&nbsp;&nbsp;2485 |
|  | Moelis & Co. Class A | &nbsp;&nbsp;&nbsp;&nbsp;43442 | &nbsp;&nbsp;&nbsp;&nbsp;2481 |
|  | First Bancorp | &nbsp;&nbsp;119919 | &nbsp;&nbsp;&nbsp;&nbsp;2396 |
|  | Assured Guaranty Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;28287 | &nbsp;&nbsp;&nbsp;&nbsp;2392 |
| <sup>\*</sup> | StoneX Group Inc. | &nbsp;&nbsp;&nbsp;&nbsp;27397 | &nbsp;&nbsp;&nbsp;&nbsp;2319 |
|  | BGC Group Inc. Class A | &nbsp;&nbsp;247984 | &nbsp;&nbsp;&nbsp;&nbsp;2301 |
|  | Ameris Bancorp | &nbsp;&nbsp;&nbsp;&nbsp;37418 | &nbsp;&nbsp;&nbsp;&nbsp;2300 |
|  | Community Financial System Inc. | &nbsp;&nbsp;&nbsp;&nbsp;40615 | &nbsp;&nbsp;&nbsp;&nbsp;2284 |
|  | Pathward Financial Inc. | &nbsp;&nbsp;&nbsp;&nbsp;28797 | &nbsp;&nbsp;&nbsp;&nbsp;2248 |
| <sup>\*</sup> | Payoneer Global Inc. | &nbsp;&nbsp;309332 | &nbsp;&nbsp;&nbsp;&nbsp;2107 |
|  | City Holding Co. | &nbsp;&nbsp;&nbsp;&nbsp;17715 | &nbsp;&nbsp;&nbsp;&nbsp;2088 |
|  | Mercury General Corp. | &nbsp;&nbsp;&nbsp;&nbsp;32025 | &nbsp;&nbsp;&nbsp;&nbsp;2065 |
|  | HA Sustainable Infrastructure Capital Inc. | &nbsp;&nbsp;&nbsp;&nbsp;77375 | &nbsp;&nbsp;&nbsp;&nbsp;1938 |
| <sup>\*</sup> | Trupanion Inc. | &nbsp;&nbsp;&nbsp;&nbsp;40293 | &nbsp;&nbsp;&nbsp;&nbsp;1901 |
|  | Park National Corp. | &nbsp;&nbsp;&nbsp;&nbsp;11565 | &nbsp;&nbsp;&nbsp;&nbsp;1880 |
|  | Cathay General Bancorp | &nbsp;&nbsp;&nbsp;&nbsp;42895 | &nbsp;&nbsp;&nbsp;&nbsp;1838 |
|  | EVERTEC Inc. | &nbsp;&nbsp;&nbsp;&nbsp;49813 | &nbsp;&nbsp;&nbsp;&nbsp;1805 |
|  | Fulton Financial Corp. | &nbsp;&nbsp;103134 | &nbsp;&nbsp;&nbsp;&nbsp;1779 |
|  | HCI Group Inc. | &nbsp;&nbsp;&nbsp;&nbsp;10230 | &nbsp;&nbsp;&nbsp;&nbsp;1727 |
|  | WSFS Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;32517 | &nbsp;&nbsp;&nbsp;&nbsp;1720 |
|  | Artisan Partners Asset Management Inc. Class A | &nbsp;&nbsp;&nbsp;&nbsp;40506 | &nbsp;&nbsp;&nbsp;&nbsp;1632 |
|  | First Hawaiian Inc. | &nbsp;&nbsp;&nbsp;&nbsp;65503 | &nbsp;&nbsp;&nbsp;&nbsp;1564 |
|  | Bank of Hawaii Corp. | &nbsp;&nbsp;&nbsp;&nbsp;22029 | &nbsp;&nbsp;&nbsp;&nbsp;1465 |
|  | PROG Holdings Inc. | &nbsp;&nbsp;&nbsp;&nbsp;50052 | &nbsp;&nbsp;&nbsp;&nbsp;1443 |
|  | BankUnited Inc. | &nbsp;&nbsp;&nbsp;&nbsp;41427 | &nbsp;&nbsp;&nbsp;&nbsp;1408 |
|  | OFG Bancorp | &nbsp;&nbsp;&nbsp;&nbsp;32629 | &nbsp;&nbsp;&nbsp;&nbsp;1342 |
|  | First Financial Bancorp | &nbsp;&nbsp;&nbsp;&nbsp;54088 | &nbsp;&nbsp;&nbsp;&nbsp;1307 |
|  | Banner Corp. | &nbsp;&nbsp;&nbsp;&nbsp;21176 | &nbsp;&nbsp;&nbsp;&nbsp;1306 |
|  | WisdomTree Inc. | &nbsp;&nbsp;137867 | &nbsp;&nbsp;&nbsp;&nbsp;1301 |
|  | Preferred Bank | &nbsp;&nbsp;&nbsp;&nbsp;14780 | &nbsp;&nbsp;&nbsp;&nbsp;1236 |
|  | CVB Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;64854 | &nbsp;&nbsp;&nbsp;&nbsp;1216 |
|  | NBT Bancorp Inc. | &nbsp;&nbsp;&nbsp;&nbsp;27653 | &nbsp;&nbsp;&nbsp;&nbsp;1157 |
| <sup>\*</sup> | NCR Atleos Corp. | &nbsp;&nbsp;&nbsp;&nbsp;38386 | &nbsp;&nbsp;&nbsp;&nbsp;1018 |
|  | Acadian Asset Management Inc. | &nbsp;&nbsp;&nbsp;&nbsp;33662 | &nbsp;&nbsp;&nbsp;&nbsp;1014 |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  |  | &nbsp;&nbsp;Shares | &nbsp;&nbsp;Market<br> Value<br> ($000) |
|  | Lakeland Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;16648 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;997 |
| <sup>\*</sup> | Triumph Financial Inc. | &nbsp;&nbsp;&nbsp;&nbsp;16185 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;935 |
|  | First Commonwealth Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;57609 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;900 |
|  | S&T Bancorp Inc. | &nbsp;&nbsp;&nbsp;&nbsp;24500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;898 |
|  | Westamerica Bancorp | &nbsp;&nbsp;&nbsp;&nbsp;17752 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;853 |
|  | FB Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;19023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;830 |
|  | Employers Holdings Inc. | &nbsp;&nbsp;&nbsp;&nbsp;15538 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;756 |
|  | National Bank Holdings Corp. Class A | &nbsp;&nbsp;&nbsp;&nbsp;20679 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;748 |
| <sup>\*</sup> | Donnelley Financial Solutions Inc. | &nbsp;&nbsp;&nbsp;&nbsp;13528 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;737 |
|  | Central Pacific Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;20352 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;543 |
|  | Virtus Investment Partners Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3111 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;531 |
|  | AMERISAFE Inc. | &nbsp;&nbsp;&nbsp;&nbsp;10383 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;493 |
|  | Tompkins Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6088 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;374 |
|  | Enact Holdings Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8140 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;288 |
|  |  |  | &nbsp;&nbsp;**119051** |
| **Health Care (14.2%)** | **Health Care (14.2%)** | **Health Care (14.2%)** | **Health Care (14.2%)** |
| <sup>\*</sup> | Corcept Therapeutics Inc. | &nbsp;&nbsp;112430 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8720 |
| <sup>\*</sup> | Merit Medical Systems Inc. | &nbsp;&nbsp;&nbsp;&nbsp;70268 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6678 |
| <sup>\*</sup> | Glaukos Corp. | &nbsp;&nbsp;&nbsp;&nbsp;66475 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6268 |
| <sup>\*</sup> | ADMA Biologics Inc. | &nbsp;&nbsp;285024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5655 |
| <sup>\*</sup> | TG Therapeutics Inc. | &nbsp;&nbsp;160933 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5650 |
| <sup>\*</sup> | TransMedics Group Inc. | &nbsp;&nbsp;&nbsp;&nbsp;40470 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5144 |
| <sup>\*</sup> | Inspire Medical Systems Inc. | &nbsp;&nbsp;&nbsp;&nbsp;35773 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4944 |
| <sup>\*</sup> | Integer Holdings Corp. | &nbsp;&nbsp;&nbsp;&nbsp;40449 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4804 |
| <sup>\*</sup> | RadNet Inc. | &nbsp;&nbsp;&nbsp;&nbsp;78571 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4517 |
| <sup>\*</sup> | ICU Medical Inc. | &nbsp;&nbsp;&nbsp;&nbsp;29529 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3982 |
| <sup>\*</sup> | Krystal Biotech Inc. | &nbsp;&nbsp;&nbsp;&nbsp;30533 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3846 |
| <sup>\*</sup> | Alkermes plc | &nbsp;&nbsp;125553 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3843 |
| <sup>\*</sup> | CorVel Corp. | &nbsp;&nbsp;&nbsp;&nbsp;32844 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3654 |
| <sup>\*</sup> | Protagonist Therapeutics Inc. | &nbsp;&nbsp;&nbsp;&nbsp;71911 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3414 |
| <sup>\*</sup> | Catalyst Pharmaceuticals Inc. | &nbsp;&nbsp;135084 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3372 |
| <sup>\*</sup> | Prestige Consumer Healthcare Inc. | &nbsp;&nbsp;&nbsp;&nbsp;35818 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3068 |
| <sup>\*</sup> | Vericel Corp. | &nbsp;&nbsp;&nbsp;&nbsp;59469 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2456 |
| <sup>\*</sup> | ACADIA Pharmaceuticals Inc. | &nbsp;&nbsp;102391 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2209 |
| <sup>\*</sup> | UFP Technologies Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8785 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2057 |
|  | LeMaitre Vascular Inc. | &nbsp;&nbsp;&nbsp;&nbsp;24652 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2026 |
| <sup>\*</sup> | Privia Health Group Inc. | &nbsp;&nbsp;&nbsp;&nbsp;85830 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1953 |
| <sup>\*</sup> | Harmony Biosciences Holdings Inc. | &nbsp;&nbsp;&nbsp;&nbsp;46051 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1589 |
| <sup>\*</sup> | Tandem Diabetes Care Inc. | &nbsp;&nbsp;&nbsp;&nbsp;79121 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1568 |
| <sup>\*</sup> | Addus HomeCare Corp. | &nbsp;&nbsp;&nbsp;&nbsp;13406 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1487 |
| <sup>\*</sup> | Artivion Inc. | &nbsp;&nbsp;&nbsp;&nbsp;45421 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1344 |
| <sup>\*</sup> | Ligand Pharmaceuticals Inc. | &nbsp;&nbsp;&nbsp;&nbsp;12524 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1280 |
| <sup>\*</sup> | Astrana Health Inc. | &nbsp;&nbsp;&nbsp;&nbsp;50086 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1242 |
| <sup>\*</sup> | ANI Pharmaceuticals Inc. | &nbsp;&nbsp;&nbsp;&nbsp;20005 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1175 |
|  | Concentra Group Holdings Parent Inc. | &nbsp;&nbsp;&nbsp;&nbsp;53458 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1156 |
| <sup>\*</sup> | Collegium Pharmaceutical Inc. | &nbsp;&nbsp;&nbsp;&nbsp;38834 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1132 |
| <sup>\*</sup> | Supernus Pharmaceuticals Inc. | &nbsp;&nbsp;&nbsp;&nbsp;33905 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1075 |
|  | National HealthCare Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9548 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;994 |
| <sup>\*</sup> | Progyny Inc. | &nbsp;&nbsp;&nbsp;&nbsp;44585 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;959 |
| <sup>\*</sup> | Arrowhead Pharmaceuticals Inc. | &nbsp;&nbsp;&nbsp;&nbsp;59399 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;954 |
| <sup>\*</sup> | BioLife Solutions Inc. | &nbsp;&nbsp;&nbsp;&nbsp;43535 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;952 |
| <sup>\*</sup> | Schrodinger Inc. | &nbsp;&nbsp;&nbsp;&nbsp;35318 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;764 |
| <sup>\*</sup> | Amphastar Pharmaceuticals Inc. | &nbsp;&nbsp;&nbsp;&nbsp;28553 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;734 |
| <sup>\*</sup> | Arcus Biosciences Inc. | &nbsp;&nbsp;&nbsp;&nbsp;81263 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;726 |
| <sup>\*</sup> | Azenta Inc. | &nbsp;&nbsp;&nbsp;&nbsp;27053 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;723 |
| <sup>\*</sup> | Innoviva Inc. | &nbsp;&nbsp;&nbsp;&nbsp;36606 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;716 |
|  | US Physical Therapy Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8923 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;669 |
| <sup>\*</sup> | STAAR Surgical Co. | &nbsp;&nbsp;&nbsp;&nbsp;34048 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;606 |
|  | Phibro Animal Health Corp. Class A | &nbsp;&nbsp;&nbsp;&nbsp;24664 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;602 |
| <sup>\*</sup> | Dynavax Technologies Corp. | &nbsp;&nbsp;&nbsp;&nbsp;60136 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;589 |
| <sup>\*</sup> | NeoGenomics Inc. | &nbsp;&nbsp;&nbsp;&nbsp;69886 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;509 |
|  | HealthStream Inc. | &nbsp;&nbsp;&nbsp;&nbsp;16857 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;472 |
|  | Mesa Laboratories Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4420 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;445 |
|  | Simulations Plus Inc. | &nbsp;&nbsp;&nbsp;&nbsp;10854 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;346 |
| <sup>\*</sup> | Xencor Inc. | &nbsp;&nbsp;&nbsp;&nbsp;35637 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;285 |
| <sup>\*,2</sup> | OmniAb Inc. 12.5 Earnout | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7390 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| <sup>\*,2</sup> | OmniAb Inc. 15 Earnout | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7390 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
|  |  |  | &nbsp;&nbsp;**113353** |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  |  | &nbsp;&nbsp;**Shares** | &nbsp;&nbsp;**Market<br> Value<br> ($000)** |
| **Industrials (21.9%)** | **Industrials (21.9%)** | **Industrials (21.9%)** | **Industrials (21.9%)** |
| <sup>\*</sup> | SPX Technologies Inc. | &nbsp;&nbsp;&nbsp;&nbsp;55901 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8502 |
|  | Armstrong World Industries Inc. | &nbsp;&nbsp;&nbsp;&nbsp;52571 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8182 |
| <sup>\*</sup> | Dycom Industries Inc. | &nbsp;&nbsp;&nbsp;&nbsp;35183 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8089 |
| <sup>\*</sup> | Sterling Infrastructure Inc. | &nbsp;&nbsp;&nbsp;&nbsp;37036 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6963 |
|  | Federal Signal Corp. | &nbsp;&nbsp;&nbsp;&nbsp;73688 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6932 |
|  | Moog Inc. Class A | &nbsp;&nbsp;&nbsp;&nbsp;34187 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6335 |
|  | Zurn Elkay Water Solutions Corp. | &nbsp;&nbsp;172264 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6234 |
|  | CSW Industrials Inc. | &nbsp;&nbsp;&nbsp;&nbsp;20237 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6188 |
| <sup>\*</sup> | AeroVironment Inc. | &nbsp;&nbsp;&nbsp;&nbsp;33768 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6012 |
|  | ESCO Technologies Inc. | &nbsp;&nbsp;&nbsp;&nbsp;31121 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5640 |
| <sup>\*</sup> | SkyWest Inc. | &nbsp;&nbsp;&nbsp;&nbsp;48629 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4933 |
| <sup>\*</sup> | Verra Mobility Corp. Class A | &nbsp;&nbsp;198750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4700 |
|  | Granite Construction Inc. | &nbsp;&nbsp;&nbsp;&nbsp;52381 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4685 |
|  | Mueller Water Products Inc. Class A | &nbsp;&nbsp;188856 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4633 |
| <sup>\*</sup> | GEO Group Inc. | &nbsp;&nbsp;164115 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4454 |
|  | Kadant Inc. | &nbsp;&nbsp;&nbsp;&nbsp;14165 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4447 |
| <sup>\*</sup> | Kratos Defense & Security Solutions Inc. | &nbsp;&nbsp;106936 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3945 |
| <sup>\*</sup> | Gates Industrial Corp. plc | &nbsp;&nbsp;180962 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3827 |
|  | WillScot Holdings Corp. | &nbsp;&nbsp;138161 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3723 |
|  | Griffon Corp. | &nbsp;&nbsp;&nbsp;&nbsp;47594 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3272 |
|  | AZZ Inc. | &nbsp;&nbsp;&nbsp;&nbsp;36052 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3270 |
|  | Arcosa Inc. | &nbsp;&nbsp;&nbsp;&nbsp;37665 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3249 |
| <sup>\*</sup> | OPENLANE Inc. | &nbsp;&nbsp;128737 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2952 |
|  | Enpro Inc. | &nbsp;&nbsp;&nbsp;&nbsp;15683 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2904 |
|  | Matson Inc. | &nbsp;&nbsp;&nbsp;&nbsp;25643 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2894 |
|  | Enerpac Tool Group Corp. Class A | &nbsp;&nbsp;&nbsp;&nbsp;65546 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2811 |
|  | JBT Marel Corp. | &nbsp;&nbsp;&nbsp;&nbsp;23400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2687 |
|  | Korn Ferry | &nbsp;&nbsp;&nbsp;&nbsp;38528 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2620 |
|  | Trinity Industries Inc. | &nbsp;&nbsp;&nbsp;&nbsp;98978 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2548 |
|  | Franklin Electric Co. Inc. | &nbsp;&nbsp;&nbsp;&nbsp;28877 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2495 |
|  | Brady Corp. Class A | &nbsp;&nbsp;&nbsp;&nbsp;34109 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2380 |
|  | Rush Enterprises Inc. Class A | &nbsp;&nbsp;&nbsp;&nbsp;46557 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2312 |
| <sup>\*</sup> | GMS Inc. | &nbsp;&nbsp;&nbsp;&nbsp;29930 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2267 |
|  | Powell Industries Inc. | &nbsp;&nbsp;&nbsp;&nbsp;11340 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1923 |
| <sup>\*</sup> | MYR Group Inc. | &nbsp;&nbsp;&nbsp;&nbsp;11071 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1736 |
| <sup>\*</sup> | Everus Construction Group Inc. | &nbsp;&nbsp;&nbsp;&nbsp;29478 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1707 |
|  | Greenbrier Cos. Inc. | &nbsp;&nbsp;&nbsp;&nbsp;37777 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1703 |
| <sup>\*</sup> | CoreCivic Inc. | &nbsp;&nbsp;&nbsp;&nbsp;70151 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1540 |
|  | UniFirst Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8134 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1534 |
| <sup>\*</sup> | Triumph Group Inc. | &nbsp;&nbsp;&nbsp;&nbsp;55951 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1443 |
|  | Interface Inc. Class A | &nbsp;&nbsp;&nbsp;&nbsp;70258 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1411 |
|  | Standex International Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9318 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1406 |
|  | HNI Corp. | &nbsp;&nbsp;&nbsp;&nbsp;29961 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1394 |
| <sup>\*</sup> | DXP Enterprises Inc. | &nbsp;&nbsp;&nbsp;&nbsp;15320 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1267 |
|  | Albany International Corp. Class A | &nbsp;&nbsp;&nbsp;&nbsp;18857 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1246 |
| <sup>\*</sup> | RXO Inc. | &nbsp;&nbsp;&nbsp;&nbsp;80036 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1243 |
|  | CSG Systems International Inc. | &nbsp;&nbsp;&nbsp;&nbsp;16951 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1120 |
|  | Alamo Group Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5497 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1089 |
| <sup>\*</sup> | DNOW Inc. | &nbsp;&nbsp;&nbsp;&nbsp;72545 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1046 |
|  | Apogee Enterprises Inc. | &nbsp;&nbsp;&nbsp;&nbsp;26453 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1022 |
|  | Pitney Bowes Inc. | &nbsp;&nbsp;&nbsp;&nbsp;89713 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;924 |
|  | Lindsay Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5881 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;820 |
| <sup>\*</sup> | Vicor Corp. | &nbsp;&nbsp;&nbsp;&nbsp;15608 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;681 |
| <sup>\*</sup> | Liquidity Services Inc. | &nbsp;&nbsp;&nbsp;&nbsp;27232 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;636 |
|  | Heidrick & Struggles International Inc. | &nbsp;&nbsp;&nbsp;&nbsp;13362 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;583 |
| <sup>\*</sup> | Forward Air Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9451 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;159 |
|  |  |  | &nbsp;&nbsp;**174718** |
| **Information Technology (13.7%)** | **Information Technology (13.7%)** | **Information Technology (13.7%)** | **Information Technology (13.7%)** |
|  | Badger Meter Inc. | &nbsp;&nbsp;&nbsp;&nbsp;35461 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8802 |
|  | InterDigital Inc. | &nbsp;&nbsp;&nbsp;&nbsp;30965 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6728 |
| <sup>\*</sup> | Box Inc. Class A | &nbsp;&nbsp;173267 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6553 |
| <sup>\*</sup> | SPS Commerce Inc. | &nbsp;&nbsp;&nbsp;&nbsp;45753 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6440 |
| <sup>\*</sup> | Itron Inc. | &nbsp;&nbsp;&nbsp;&nbsp;54366 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6285 |
| <sup>\*</sup> | ACI Worldwide Inc. | &nbsp;&nbsp;126458 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5850 |
| <sup>\*</sup> | SiTime Corp. | &nbsp;&nbsp;&nbsp;&nbsp;23047 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4519 |
| <sup>\*</sup> | MARA Holdings Inc. | &nbsp;&nbsp;309211 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4366 |
| <sup>\*</sup> | OSI Systems Inc. | &nbsp;&nbsp;&nbsp;&nbsp;18845 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4129 |
| <sup>\*</sup> | Semtech Corp. | &nbsp;&nbsp;103596 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3867 |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  |  | &nbsp;&nbsp;Shares | &nbsp;&nbsp;Market<br> Value<br> ($000) |
| <sup>\*</sup> | BlackLine Inc. | &nbsp;&nbsp;&nbsp;&nbsp;62576 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3500 |
|  | Progress Software Corp. | &nbsp;&nbsp;&nbsp;&nbsp;52327 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3221 |
| <sup>\*</sup> | Impinj Inc. | &nbsp;&nbsp;&nbsp;&nbsp;27884 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3181 |
| <sup>\*</sup> | Plexus Corp. | &nbsp;&nbsp;&nbsp;&nbsp;22159 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2909 |
| <sup>\*,1</sup> | Cleanspark Inc. | &nbsp;&nbsp;335415 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2895 |
| <sup>\*</sup> | Agilysys Inc. | &nbsp;&nbsp;&nbsp;&nbsp;27046 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2864 |
|  | Clear Secure Inc. Class A | &nbsp;&nbsp;113452 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2808 |
| <sup>\*</sup> | Sanmina Corp. | &nbsp;&nbsp;&nbsp;&nbsp;31421 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2661 |
|  | Advanced Energy Industries Inc. | &nbsp;&nbsp;&nbsp;&nbsp;22243 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2553 |
| <sup>\*</sup> | DigitalOcean Holdings Inc. | &nbsp;&nbsp;&nbsp;&nbsp;76721 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2171 |
| <sup>\*</sup> | Alarm.com Holdings Inc. | &nbsp;&nbsp;&nbsp;&nbsp;35736 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2051 |
| <sup>\*</sup> | TTM Technologies Inc. | &nbsp;&nbsp;&nbsp;&nbsp;63901 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1908 |
| <sup>\*</sup> | LiveRamp Holdings Inc. | &nbsp;&nbsp;&nbsp;&nbsp;41172 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1341 |
| <sup>\*</sup> | Calix Inc. | &nbsp;&nbsp;&nbsp;&nbsp;28414 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1314 |
| <sup>\*</sup> | Axcelis Technologies Inc. | &nbsp;&nbsp;&nbsp;&nbsp;23091 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1301 |
| <sup>\*</sup> | FormFactor Inc. | &nbsp;&nbsp;&nbsp;&nbsp;41977 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1253 |
| <sup>\*</sup> | Extreme Networks Inc. | &nbsp;&nbsp;&nbsp;&nbsp;76956 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1206 |
| <sup>\*</sup> | ePlus Inc. | &nbsp;&nbsp;&nbsp;&nbsp;14957 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1068 |
| <sup>\*</sup> | Viavi Solutions Inc. | &nbsp;&nbsp;115090 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1049 |
| <sup>\*</sup> | Arlo Technologies Inc. | &nbsp;&nbsp;&nbsp;&nbsp;68932 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;987 |
|  | A10 Networks Inc. | &nbsp;&nbsp;&nbsp;&nbsp;53433 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;922 |
|  | CTS Corp. | &nbsp;&nbsp;&nbsp;&nbsp;21826 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;888 |
| <sup>\*</sup> | Teradata Corp. | &nbsp;&nbsp;&nbsp;&nbsp;40369 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;887 |
|  | Benchmark Electronics Inc. | &nbsp;&nbsp;&nbsp;&nbsp;24234 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;885 |
| <sup>\*</sup> | Digi International Inc. | &nbsp;&nbsp;&nbsp;&nbsp;26271 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;851 |
| <sup>\*</sup> | PDF Solutions Inc. | &nbsp;&nbsp;&nbsp;&nbsp;37455 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;663 |
| <sup>\*</sup> | Harmonic Inc. | &nbsp;&nbsp;&nbsp;&nbsp;72084 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;650 |
|  | Adeia Inc. | &nbsp;&nbsp;&nbsp;&nbsp;48767 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;626 |
| <sup>\*</sup> | Grid Dynamics Holdings Inc. | &nbsp;&nbsp;&nbsp;&nbsp;49171 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;616 |
| <sup>\*</sup> | Photronics Inc. | &nbsp;&nbsp;&nbsp;&nbsp;32258 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;539 |
| <sup>\*</sup> | Sprinklr Inc. Class A | &nbsp;&nbsp;&nbsp;&nbsp;51520 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;435 |
| <sup>\*</sup> | SolarEdge Technologies Inc. | &nbsp;&nbsp;&nbsp;&nbsp;21086 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;377 |
| <sup>\*</sup> | Alpha & Omega Semiconductor Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;14036 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;298 |
| <sup>\*</sup> | N-able Inc. | &nbsp;&nbsp;&nbsp;&nbsp;37662 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;293 |
| <sup>\*</sup> | CEVA Inc. | &nbsp;&nbsp;&nbsp;&nbsp;13752 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;258 |
| <sup>\*,1</sup> | Wolfspeed Inc. | &nbsp;&nbsp;&nbsp;&nbsp;75536 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;90 |
|  |  |  | &nbsp;&nbsp;**109058** |
| **Materials (3.4%)** | **Materials (3.4%)** | **Materials (3.4%)** | **Materials (3.4%)** |
|  | Balchem Corp. | &nbsp;&nbsp;&nbsp;&nbsp;39205 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6536 |
|  | Hawkins Inc. | &nbsp;&nbsp;&nbsp;&nbsp;22946 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3063 |
|  | Warrior Met Coal Inc. | &nbsp;&nbsp;&nbsp;&nbsp;63401 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2882 |
|  | Element Solutions Inc. | &nbsp;&nbsp;123677 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2644 |
|  | Sensient Technologies Corp. | &nbsp;&nbsp;&nbsp;&nbsp;27044 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2556 |
|  | Sealed Air Corp. | &nbsp;&nbsp;&nbsp;&nbsp;68452 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2204 |
|  | Sylvamo Corp. | &nbsp;&nbsp;&nbsp;&nbsp;41082 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2176 |
| <sup>\*</sup> | MP Materials Corp. | &nbsp;&nbsp;&nbsp;&nbsp;64015 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1395 |
|  | Innospec Inc. | &nbsp;&nbsp;&nbsp;&nbsp;15026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1278 |
| <sup>\*</sup> | Century Aluminum Co. | &nbsp;&nbsp;&nbsp;&nbsp;62540 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;969 |
| <sup>\*</sup> | Alpha Metallurgical Resources Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8292 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;929 |
| <sup>\*</sup> | Ingevity Corp. | &nbsp;&nbsp;&nbsp;&nbsp;22365 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;925 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;**27557** |
| **Real Estate (8.3%)** | **Real Estate (8.3%)** | **Real Estate (8.3%)** | **Real Estate (8.3%)** |
|  | Essential Properties Realty Trust Inc. | &nbsp;&nbsp;226260 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7353 |
|  | Ryman Hospitality Properties Inc. | &nbsp;&nbsp;&nbsp;&nbsp;72223 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7013 |
|  | SL Green Realty Corp. | &nbsp;&nbsp;&nbsp;&nbsp;59069 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3353 |
|  | Terreno Realty Corp. | &nbsp;&nbsp;&nbsp;&nbsp;58983 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3328 |
|  | Macerich Co. | &nbsp;&nbsp;197610 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3197 |
|  | CareTrust REIT Inc. | &nbsp;&nbsp;110943 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3191 |
|  | Outfront Media Inc. | &nbsp;&nbsp;165975 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2742 |
|  | Tanger Inc. | &nbsp;&nbsp;&nbsp;&nbsp;89516 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2668 |
|  | Curbline Properties Corp. | &nbsp;&nbsp;113893 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2584 |
|  | Phillips Edison & Co. Inc. | &nbsp;&nbsp;&nbsp;&nbsp;66498 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2358 |
|  | Highwoods Properties Inc. | &nbsp;&nbsp;&nbsp;&nbsp;79093 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2349 |
|  | Sunstone Hotel Investors Inc. | &nbsp;&nbsp;242072 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2169 |
|  | St. Joe Co. | &nbsp;&nbsp;&nbsp;&nbsp;45721 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2044 |
|  | Acadia Realty Trust | &nbsp;&nbsp;&nbsp;&nbsp;99478 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1916 |
|  | DiamondRock Hospitality Co. | &nbsp;&nbsp;250159 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1911 |
|  | Four Corners Property Trust Inc. | &nbsp;&nbsp;&nbsp;&nbsp;65042 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1796 |
|  | Douglas Emmett Inc. | &nbsp;&nbsp;117016 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1665 |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  |  | &nbsp;&nbsp;Shares | &nbsp;&nbsp;Market<br> Value<br> ($000) |
|  | Urban Edge Properties | &nbsp;&nbsp;&nbsp;&nbsp;90713 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1647 |
|  | Apple Hospitality REIT Inc. | &nbsp;&nbsp;131748 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1527 |
|  | Xenia Hotels & Resorts Inc. | &nbsp;&nbsp;122705 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1501 |
|  | Innovative Industrial Properties Inc. | &nbsp;&nbsp;&nbsp;&nbsp;23211 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1282 |
|  | Elme Communities | &nbsp;&nbsp;&nbsp;&nbsp;62500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1004 |
|  | LTC Properties Inc. | &nbsp;&nbsp;&nbsp;&nbsp;25731 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;911 |
|  | NexPoint Residential Trust Inc. | &nbsp;&nbsp;&nbsp;&nbsp;26595 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;904 |
|  | Getty Realty Corp. | &nbsp;&nbsp;&nbsp;&nbsp;26316 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;770 |
|  | Centerspace | &nbsp;&nbsp;&nbsp;&nbsp;11212 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;715 |
|  | American Assets Trust Inc. | &nbsp;&nbsp;&nbsp;&nbsp;33640 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;671 |
|  | Pebblebrook Hotel Trust | &nbsp;&nbsp;&nbsp;&nbsp;72185 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;663 |
|  | Veris Residential Inc. | &nbsp;&nbsp;&nbsp;&nbsp;41956 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;638 |
|  | Uniti Group Inc. | &nbsp;&nbsp;138581 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;596 |
|  | Armada Hoffler Properties Inc. | &nbsp;&nbsp;&nbsp;&nbsp;61851 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;430 |
|  | Kennedy-Wilson Holdings Inc. | &nbsp;&nbsp;&nbsp;&nbsp;53017 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;338 |
|  | Whitestone REIT | &nbsp;&nbsp;&nbsp;&nbsp;27021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;333 |
|  | Universal Health Realty Income Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7734 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;307 |
|  | Summit Hotel Properties Inc. | &nbsp;&nbsp;&nbsp;&nbsp;64426 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;282 |
|  | Saul Centers Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7762 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;261 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;**66417** |
| **Utilities (1.1%)** | **Utilities (1.1%)** | **Utilities (1.1%)** | **Utilities (1.1%)** |
|  | MGE Energy Inc. | &nbsp;&nbsp;&nbsp;&nbsp;27096 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2447 |
|  | Chesapeake Utilities Corp. | &nbsp;&nbsp;&nbsp;&nbsp;15643 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1911 |
|  | American States Water Co. | &nbsp;&nbsp;&nbsp;&nbsp;22771 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1796 |
|  | Otter Tail Corp. | &nbsp;&nbsp;&nbsp;&nbsp;22673 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1750 |
|  | Middlesex Water Co. | &nbsp;&nbsp;&nbsp;&nbsp;10797 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;626 |
|  | Unitil Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7689 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;422 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8952** |
| **Total Common Stocks (Cost $749,095)** | **Total Common Stocks (Cost $749,095)** | **Total Common Stocks (Cost $749,095)** | **796202** |
|  | &nbsp;&nbsp;Coupon |  |  |
| **Temporary Cash Investments (0.7%)** | **Temporary Cash Investments (0.7%)** | **Temporary Cash Investments (0.7%)** | **Temporary Cash Investments (0.7%)** |
| **Money Market Fund (0.7%)** | **Money Market Fund (0.7%)** | **Money Market Fund (0.7%)** | **Money Market Fund (0.7%)** |
| <sup>3,4</sup> | &nbsp;&nbsp;4.342% | &nbsp;&nbsp;&nbsp;&nbsp;53801 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5380** |
| **Total Investments (100.3%) (Cost $754,475)** | **Total Investments (100.3%) (Cost $754,475)** |  | &nbsp;&nbsp;**801582** |
| **Other Assets and Liabilities—Net (-0.3%)** | **Other Assets and Liabilities—Net (-0.3%)** |  | &nbsp;&nbsp;&nbsp;&nbsp;**(2738)** |
| **Net Assets (100%)** | **Net Assets (100%)** |  | &nbsp;&nbsp;**798844** |

---

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 $2,976. |
| 2 | Security value determined using significant unobservable inputs. |
| 3 | Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield. |
| 4 | Collateral of $3,166 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 Russell 2000 Index | June 2025 | 10 | 1034 | &nbsp;&nbsp;52 |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| 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) |
| MARA Holdings Inc. | 1/30/26 | GSI | 1568 | (4.338) |  | (159) |

---

1 Based on Overnight Bank Funding Rate as of the most recent reset date. Floating interest payment received/paid monthly. <br> GSI—Goldman Sachs International.

------

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 | 796202 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;796202 |
| Temporary Cash Investments | &nbsp;&nbsp;&nbsp;&nbsp;5380 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5380 |
| Total | 801582 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;801582 |
| **Derivative Financial Instruments** |  |  |  |  |
| Assets |  |  |  |  |
| Futures Contracts<sup>1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52 |
| Liabilities |  |  |  |  |
| Swap Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;(159) | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(159) |

---

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 SMALL-CAP 600 GROWTH INDEX FUND

- **b. EDGAR series identifier (if any):** S000030018

- **c. LEI of Series:** VQYUVVFKR8Q2X476WD94

**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:** $798877177.62

**Total Liabilities:** $33059.87

**Net Assets:** $798844117.75

**Cash Not Reported:** $116030.90

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000092046 | -5.93%               | -2.57%               | 6.02%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $168636.95               | $-53088006.75                              |
| Month 2  | $3414269.16              | $-26763055.34                              |
| Month 3  | $3359051.89              | $42005272.77                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Six Flags Entertainment Corp                      | SIX FLAGS ENTERT                            | CUSIP: 83001C108<br>LEI: 529900AS2CYWYFHRS781 | Long             | EC               | CORP              | US        |    112486 | NS      | $3775030.16   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Outfront Media Inc                                | OUTFRONT MEDIA I                            | CUSIP: 69007J304<br>LEI: 549300RZWDYU5722I639 | Long             | EC               | CORP              | US        |    165975 | NS      | $2741907.00   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| OSI Systems Inc                                   | OSI SYSTEMS INC                             | CUSIP: 671044105<br>LEI: DDX3MPX1Y8YD30050X33 | Long             | EC               | CORP              | US        |     18845 | NS      | $4129127.95   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Fulton Financial Corp                             | FULTON FINANCIAL                            | CUSIP: 360271100<br>LEI: 5493005QLZ6O1BNC0C11 | Long             | EC               | CORP              | US        |    103134 | NS      | $1779061.50   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Thryv Holdings Inc                                | THRYV HOLDINGS I                            | CUSIP: 886029206<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     18093 | NS      | $240636.90    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| MGE Energy Inc                                    | MGE ENERGY INC                              | CUSIP: 55277P104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     27096 | NS      | $2447310.72   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Tidewater Inc                                     | TIDEWATER INC                               | CUSIP: 88642R109<br>LEI: 2549000JA5GRUPLMUH98 | Long             | EC               | CORP              | US        |     57985 | NS      | $2302584.35   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Health Realty Income Trust              | UNIVERSAL HEALTH                            | CUSIP: 91359E105<br>LEI: 549300L4MWZL4IH6H172 | Long             | EC               | CORP              | US        |      7734 | NS      | $307117.14    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Axcelis Technologies Inc                          | AXCELIS TECH INC                            | CUSIP: 054540208<br>LEI: 529900HF9B6NL1QG9F05 | Long             | EC               | CORP              | US        |     23091 | NS      | $1300946.94   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Innospec Inc                                      | INNOSPEC INC                                | CUSIP: 45768S105<br>LEI: 213800SQBACNY5IWJO68 | Long             | EC               | CORP              | US        |     15026 | NS      | $1278412.08   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Dorman Products Inc                               | DORMAN PRODUCTS                             | CUSIP: 258278100<br>LEI: 2549000O0BBUX740XR59 | Long             | EC               | CORP              | US        |     32757 | NS      | $4235807.67   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Benchmark Electronics Inc                         | BENCHMARK ELECTR                            | CUSIP: 08160H101<br>LEI: 549300W18RHYZOZKOP53 | Long             | EC               | CORP              | US        |     24234 | NS      | $885025.68    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Everus Construction Group Inc                     | EVERUS CONSTRUCT                            | CUSIP: 300426103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     29478 | NS      | $1707070.98   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Goosehead Insurance Inc                           | GOOSEHEAD INSU-A                            | CUSIP: 38267D109<br>LEI: 549300WH5MBIWHJ9XY95 | Long             | EC               | CORP              | US        |     29431 | NS      | $3186200.06   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Four Corners Property Trust Inc                   | FOUR CORNERS PRO                            | CUSIP: 35086T109<br>LEI: 549300SVTPZPBDVNER42 | Long             | EC               | CORP              | US        |     65042 | NS      | $1795809.62   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Element Solutions Inc                             | ELEMENT SOLUTION                            | CUSIP: 28618M106<br>LEI: 549300FLGN6P5CU20J91 | Long             | EC               | CORP              | US        |    123677 | NS      | $2644214.26   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Interparfums Inc                                  | INTERPARFUMS INC                            | CUSIP: 458334109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     21610 | NS      | $2943714.20   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Heidrick & Struggles International Inc            | HEIDRICK & STRUG                            | CUSIP: 422819102<br>LEI: 5493006284N2J367VB57 | Long             | EC               | CORP              | US        |     13362 | NS      | $583384.92    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Phibro Animal Health Corp                         | PHIBRO ANIMAL-A                             | CUSIP: 71742Q106<br>LEI: 549300U24SP4AF2JUX52 | Long             | EC               | CORP              | US        |     24664 | NS      | $602294.88    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Progyny Inc                                       | PROGYNY INC                                 | CUSIP: 74340E103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     44585 | NS      | $958577.50    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Simulations Plus Inc                              | SIMULATIONS PLUS                            | CUSIP: 829214105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10854 | NS      | $345645.63    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Centerspace                                       | CENTERSPACE                                 | CUSIP: 15202L107<br>LEI: 5493002LG2SH9EEHT720 | Long             | EC               | CORP              | US        |     11212 | NS      | $714765.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of Hawaii Corp                               | BANK OF HAWAII                              | CUSIP: 062540109<br>LEI: 5493006Q8BQ8AD8M2U33 | Long             | EC               | CORP              | US        |     22029 | NS      | $1465148.79   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Moelis & Co                                       | MOELIS & CO-CL A                            | CUSIP: 60786M105<br>LEI: 549300891QNU7VTQUR83 | Long             | EC               | CORP              | US        |     43442 | NS      | $2480972.62   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Innoviva Inc                                      | INNOVIVA INC                                | CUSIP: 45781M101<br>LEI: 549300ACOX4QTBES6535 | Long             | EC               | CORP              | US        |     36606 | NS      | $716379.42    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Wolverine World Wide Inc                          | WOLVERINE WORLD                             | CUSIP: 978097103<br>LEI: 549300OVC7PK14LQ8D87 | Long             | EC               | CORP              | US        |     65676 | NS      | $1120432.56   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Frontdoor Inc                                     | FRONTDOOR INC                               | CUSIP: 35905A109<br>LEI: 5493008RB0JZJI3QGZ06 | Long             | EC               | CORP              | US        |     91428 | NS      | $5029454.28   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Forward Air Corp                                  | FORWARD AIR CORP                            | CUSIP: 349853101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9451 | NS      | $158587.78    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Century Aluminum Co                               | CENTURY ALUMINUM                            | CUSIP: 156431108<br>LEI: 549300U5ODNGEYWKSW73 | Long             | EC               | CORP              | US        |     62540 | NS      | $968744.60    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Cohen & Steers Inc                                | COHEN & STEERS                              | CUSIP: 19247A100<br>LEI: 549300XXIA338A0X2K65 | Long             | EC               | CORP              | US        |     32338 | NS      | $2484851.92   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Triumph Financial Inc                             | TRIUMPH FINANCIA                            | CUSIP: 89679E300<br>LEI: 5493003RNRMEVYDZ1Q52 | Long             | EC               | CORP              | US        |     16185 | NS      | $935007.45    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Sprinklr Inc                                      | SPRINKLR INC-A                              | CUSIP: 85208T107<br>LEI: 254900AR04RJ2BQO5S78 | Long             | EC               | CORP              | US        |     51520 | NS      | $434828.80    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Calix Inc                                         | CALIX INC                                   | CUSIP: 13100M509<br>LEI: 5299002RQRZ4SXSCSJ58 | Long             | EC               | CORP              | US        |     28414 | NS      | $1313863.36   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| TTM Technologies Inc                              | TTM TECHNOLOGIES                            | CUSIP: 87305R109<br>LEI: 549300SC4BDOIS008048 | Long             | EC               | CORP              | US        |     63901 | NS      | $1908083.86   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| BioLife Solutions Inc                             | BIOLIFE SOLUTION                            | CUSIP: 09062W204<br>LEI: 549300G2IVCMC2TJDW72 | Long             | EC               | CORP              | US        |     43535 | NS      | $952545.80    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Albany International Corp                         | ALBANY INTL CORP                            | CUSIP: 012348108<br>LEI: L73WCPNCZIRSQGZTW097 | Long             | EC               | CORP              | US        |     18857 | NS      | $1245881.99   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| LTC Properties Inc                                | LTC PROPERTIES                              | CUSIP: 502175102<br>LEI: 549300NRZP8IJG2KY677 | Long             | EC               | CORP              | US        |     25731 | NS      | $910620.09    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Curbline Properties Corp                          | CURBLINE PROPERT                            | CUSIP: 23128Q101<br>LEI: 529900PGR41LH0I81I15 | Long             | EC               | CORP              | US        |    113893 | NS      | $2584232.17   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Harmony Biosciences Holdings Inc                  | HARMONY BIOSCIE                             | CUSIP: 413197104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     46051 | NS      | $1588759.50   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Cavco Industries Inc                              | CAVCO INDUSTRIES                            | CUSIP: 149568107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9662 | NS      | $4189394.89   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| SolarEdge Technologies Inc                        | SOLAREDGE TECHNO                            | CUSIP: 83417M104<br>LEI: 5493000K6Y58XXPDF853 | Long             | EC               | CORP              | US        |     21086 | NS      | $376595.96    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Terreno Realty Corp                               | TERRENO REALTY C                            | CUSIP: 88146M101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     58983 | NS      | $3327820.86   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| First BanCorp/Puerto Rico                         | FIRST BANCORP PR                            | CUSIP: 318672706<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    119919 | NS      | $2395981.62   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Xencor Inc                                        | XENCOR INC                                  | CUSIP: 98401F105<br>LEI: 549300V5IF65437JKG30 | Long             | EC               | CORP              | US        |     35637 | NS      | $285096.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Brinker International Inc                         | BRINKER INTL                                | CUSIP: 109641100<br>LEI: 52990067JY6PBGJNTG76 | Long             | EC               | CORP              | US        |     53547 | NS      | $9243818.61   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Progress Software Corp                            | PROGRESS SOFTWAR                            | CUSIP: 743312100<br>LEI: 549300R65B3JG6972S24 | Long             | EC               | CORP              | US        |     52327 | NS      | $3221250.12   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Toro Combineco Inc                                | TECHTARGET INC                              | CUSIP: 87874R308<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14817 | NS      | $119869.53    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Gates Industrial Corp PLC                         | GATES INDUSTRIAL                            | CUSIP: G39108108<br>LEI: 549300S6K4FWUSB9KM27 | Long             | EC               | CORP              | US        |    180962 | NS      | $3827346.30   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Tootsie Roll Industries Inc                       | TOOTSIE ROLL IND                            | CUSIP: 890516107<br>LEI: 529900SBKOV9XX4M4Q35 | Long             | EC               | CORP              | US        |     11724 | NS      | $417960.60    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| TG Therapeutics Inc                               | TG THERAPEUTICS                             | CUSIP: 88322Q108<br>LEI: 529900X21UKABN9NJ529 | Long             | EC               | CORP              | US        |    160933 | NS      | $5650357.63   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Ligand Pharmaceuticals Inc                        | LIGAND PHARM                                | CUSIP: 53220K504<br>LEI: 5493008K7TB0IKP37H79 | Long             | EC               | CORP              | US        |     12524 | NS      | $1279827.56   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Lakeland Financial Corp                           | LAKELAND FINL                               | CUSIP: 511656100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16648 | NS      | $996715.76    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryman Hospitality Properties Inc                  | RYMAN HOSPITALIT                            | CUSIP: 78377T107<br>LEI: 529900GCCWW9SRMPJR11 | Long             | EC               | CORP              | US        |     72223 | NS      | $7013575.53   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Magnolia Oil & Gas Corp                           | MAGNOLIA OIL-A                              | CUSIP: 559663109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    147489 | NS      | $3171013.50   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Acadia Realty Trust                               | ACADIA REALTY                               | CUSIP: 004239109<br>LEI: 254900C5XLB1YYJQSH07 | Long             | EC               | CORP              | US        |     99478 | NS      | $1915946.28   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Dream Finders Homes Inc                           | DREAM FINDERS-A                             | CUSIP: 26154D100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     33101 | NS      | $690486.86    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| ePlus Inc                                         | EPLUS INC                                   | CUSIP: 294268107<br>LEI: 529900FFY8AAFJ21NE91 | Long             | EC               | CORP              | US        |     14957 | NS      | $1067481.09   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| UniFirst Corp/MA                                  | UNIFIRST CORP/MA                            | CUSIP: 904708104<br>LEI: 5493003XBTNWBC8UK019 | Long             | EC               | CORP              | US        |      8134 | NS      | $1533747.04   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERISAFE Inc                                     | AMERISAFE INC                               | CUSIP: 03071H100<br>LEI: 2549002B4EXPBLGMNN22 | Long             | EC               | CORP              | US        |     10383 | NS      | $492881.01    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Green Brick Partners Inc                          | GREEN BRICK PART                            | CUSIP: 392709101<br>LEI: 549300R7SCIV7FQI6T56 | Long             | EC               | CORP              | US        |     37003 | NS      | $2162825.35   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Tompkins Financial Corp                           | TOMPKINS FINANCI                            | CUSIP: 890110109<br>LEI: 254900QDQ6V0QJ0Z2348 | Long             | EC               | CORP              | US        |      6088 | NS      | $373803.20    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Brady Corp                                        | BRADY CORP - A                              | CUSIP: 104674106<br>LEI: 549300G2LEQOFQC8GY34 | Long             | EC               | CORP              | US        |     34109 | NS      | $2379784.93   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Helmerich & Payne Inc                             | HELMERICH & PAYN                            | CUSIP: 423452101<br>LEI: 254900NAOGHJ88RZ4C73 | Long             | EC               | CORP              | US        |     69430 | NS      | $1058807.50   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| International Seaways Inc                         | INTERNATIONAL SE                            | CUSIP: Y41053102<br>LEI: 549300YUFDGFRNGBWF46 | Long             | EC               | CORP              | US        |     27777 | NS      | $1029137.85   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Cinemark Holdings Inc                             | CINEMARK HOLDING                            | CUSIP: 17243V102<br>LEI: 549300LL2QMPTYIE0K55 | Long             | EC               | CORP              | US        |    128791 | NS      | $4349272.07   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Comstock Resources Inc                            | COMSTOCK RES INC                            | CUSIP: 205768302<br>LEI: I03QQGEA4SS774AURI46 | Long             | EC               | CORP              | US        |     55648 | NS      | $1296598.40   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Pitney Bowes Inc                                  | PITNEY BOWES INC                            | CUSIP: 724479100<br>LEI: 549300N2O26NW4ST6W55 | Long             | EC               | CORP              | US        |     89713 | NS      | $924043.90    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Arrowhead Pharmaceuticals Inc                     | ARROWHEAD PHARMA                            | CUSIP: 04280A100<br>LEI: 549300O3CSB8T7OZ3D66 | Long             | EC               | CORP              | US        |     59399 | NS      | $954541.93    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Mueller Water Products Inc                        | MUELLER WATER-A                             | CUSIP: 624758108<br>LEI: 549300F7ZU4P1F8V8L60 | Long             | EC               | CORP              | US        |    188856 | NS      | $4632637.68   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| CONSOL Energy Inc                                 | CORE NATURAL RES                            | CUSIP: 218937100<br>LEI: 549300YJCTPJBTK7IJ81 | Long             | EC               | CORP              | US        |     61190 | NS      | $4240467.00   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| PJT Partners Inc                                  | PJT PARTNERS - A                            | CUSIP: 69343T107<br>LEI: 549300W3WBEQUBKYTN87 | Long             | EC               | CORP              | US        |     28583 | NS      | $4306314.78   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Dave & Buster's Entertainment Inc                 | DAVE & BUSTER'S                             | CUSIP: 238337109<br>LEI: 529900WTVU85QZLYHR86 | Long             | EC               | CORP              | US        |     37166 | NS      | $816165.36    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Arcosa Inc                                        | ARCOSA INC                                  | CUSIP: 039653100<br>LEI: 549300WFHLTCZV7D6V29 | Long             | EC               | CORP              | US        |     37665 | NS      | $3249359.55   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| AZZ Inc                                           | AZZ INC                                     | CUSIP: 002474104<br>LEI: 549300HD1X2NFLWPYC83 | Long             | EC               | CORP              | US        |     36052 | NS      | $3269555.88   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Kontoor Brands Inc                                | KONTOOR BRAND                               | CUSIP: 50050N103<br>LEI: 549300M0CPXV65RFF271 | Long             | EC               | CORP              | US        |     59868 | NS      | $4106944.80   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Cheesecake Factory Inc/The                        | CHEESECAKE FACTO                            | CUSIP: 163072101<br>LEI: 529900872XMLK10SY247 | Long             | EC               | CORP              | US        |     37340 | NS      | $2060047.80   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| STAAR Surgical Co                                 | STAAR SURGICAL                              | CUSIP: 852312305<br>LEI: 5299006LRHI7OJ8BY308 | Long             | EC               | CORP              | US        |     34048 | NS      | $606394.88    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| CSG Systems International Inc                     | CSG SYSTEMS INTL                            | CUSIP: 126349109<br>LEI: 549300D7FJZUOHHXUA81 | Long             | EC               | CORP              | US        |     16951 | NS      | $1119783.06   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| GEO Group Inc/The                                 | GEO GROUP INC/TH                            | CUSIP: 36162J106<br>LEI: 54930024XOXET7NQVZ63 | Long             | EC               | CORP              | US        |    164115 | NS      | $4454081.10   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Veris Residential Inc                             | VERIS RESIDENTIA                            | CUSIP: 554489104<br>LEI: 254900KTVBRYJCQU2J23 | Long             | EC               | CORP              | US        |     41956 | NS      | $637731.20    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Alpha & Omega Semiconductor Ltd                   | ALPHA & OMEGA SE                            | CUSIP: G6331P104<br>LEI: 5493001FE7J03YOV2V35 | Long             | EC               | CORP              | US        |     14036 | NS      | $297843.92    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Patrick Industries Inc                            | PATRICK INDS INC                            | CUSIP: 703343103<br>LEI: 549300FZ5ZTCCJ3Z5W14 | Long             | EC               | CORP              | US        |     19435 | NS      | $1668689.10   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| MARA Holdings Inc                                 | MARA HOLDINGS IN                            | CUSIP: 565788106<br>LEI: 549300M8ISKPTX2W7F94 | Long             | EC               | CORP              | US        |    309211 | NS      | $4366059.32   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Core Laboratories Inc                             | CORE LABORATORIE                            | CUSIP: 21867A105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     27248 | NS      | $292916.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Oceaneering International Inc                     | OCEANEERING INTL                            | CUSIP: 675232102<br>LEI: 549300L6PH74701W0R30 | Long             | EC               | CORP              | US        |    121743 | NS      | $2321639.01   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Signal Corp                               | FED SIGNAL CORP                             | CUSIP: 313855108<br>LEI: 549300RTXZRPTNP6G884 | Long             | EC               | CORP              | US        |     73688 | NS      | $6931830.16   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| DoubleVerify Holdings Inc                         | DOUBLEVERIFY HOL                            | CUSIP: 25862V105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     94738 | NS      | $1301700.12   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| WSFS Financial Corp                               | WSFS FINANCIAL                              | CUSIP: 929328102<br>LEI: 549300SU7VQHD6QRG886 | Long             | EC               | CORP              | US        |     32517 | NS      | $1719824.13   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| St Joe Co/The                                     | ST JOE CO                                   | CUSIP: 790148100<br>LEI: 529900XVHOT3BF8PWG49 | Long             | EC               | CORP              | US        |     45721 | NS      | $2044185.91   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Apogee Enterprises Inc                            | APOGEE ENTERPR                              | CUSIP: 037598109<br>LEI: 549300579S7QW8V4IJ60 | Long             | EC               | CORP              | US        |     26453 | NS      | $1022408.45   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Trupanion Inc                                     | TRUPANION INC                               | CUSIP: 898202106<br>LEI: 549300J86GFKIDGMQP18 | Long             | EC               | CORP              | US        |     40293 | NS      | $1901426.67   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Zurn Elkay Water Solutions Corp                   | ZURN ELKAY WATER                            | CUSIP: 98983L108<br>LEI: 549300AM3633XDFU1Q85 | Long             | EC               | CORP              | US        |    172264 | NS      | $6234234.16   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Park National Corp                                | PARK NATL CORP                              | CUSIP: 700658107<br>LEI: 984500Q3E941TDF87712 | Long             | EC               | CORP              | US        |     11565 | NS      | $1880006.40   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Phillips Edison & Co Inc                          | PHILLIPS EDISON                             | CUSIP: 71844V201<br>LEI: 549300JPN4YHYPXTJQ85 | Long             | EC               | CORP              | US        |     66498 | NS      | $2358019.08   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Summit Hotel Properties Inc                       | SUMMIT HOTEL PRO                            | CUSIP: 866082100<br>LEI: 254900OBQWJK6X20LS71 | Long             | EC               | CORP              | US        |     64426 | NS      | $282185.88    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Palomar Holdings Inc                              | PALOMAR HOLDINGS                            | CUSIP: 69753M105<br>LEI: 549300DOI1MUW11BLX74 | Long             | EC               | CORP              | US        |     31992 | NS      | $5485668.24   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                               | Receive MARA HOLDINGS IN Pay Overnight Rate | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |    100000 | NC      | $-158642.20   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| DXP Enterprises Inc/TX                            | DXP ENTERPRISES                             | CUSIP: 233377407<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15320 | NS      | $1266657.60   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Uniti Group Inc                                   | UNITI GROUP INC                             | CUSIP: 91325V108<br>LEI: 549300V3NU625PJUVA84 | Long             | EC               | CORP              | US        |    138581 | NS      | $595898.30    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Donnelley Financial Solutions Inc                 | DONNELLEY FINANC                            | CUSIP: 25787G100<br>LEI: 549300O1NPY4J56QCU04 | Long             | EC               | CORP              | US        |     13528 | NS      | $737005.44    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Arlo Technologies Inc                             | ARLO TECHNOLOGIE                            | CUSIP: 04206A101<br>LEI: 549300T4EUX2OQ75HV52 | Long             | EC               | CORP              | US        |     68932 | NS      | $987106.24    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| National HealthCare Corp                          | NATL HEALTHCARE                             | CUSIP: 635906100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9548 | NS      | $994328.72    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Azenta Inc                                        | AZENTA INC                                  | CUSIP: 114340102<br>LEI: 35ZN6X1ANPH25YN32Y17 | Long             | EC               | CORP              | US        |     27053 | NS      | $722856.16    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Cathay General Bancorp                            | CATHAY GENERAL B                            | CUSIP: 149150104<br>LEI: 549300K1SLJ8C97H5L68 | Long             | EC               | CORP              | US        |     42895 | NS      | $1838265.23   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Cal-Maine Foods Inc                               | CAL-MAINE FOODS                             | CUSIP: 128030202<br>LEI: 549300NHE5WMIEIEMF53 | Long             | EC               | CORP              | US        |     52036 | NS      | $4991813.48   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| National Bank Holdings Corp                       | NATIONAL-CL A                               | CUSIP: 633707104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     20679 | NS      | $747545.85    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| CTS Corp                                          | CTS CORP                                    | CUSIP: 126501105<br>LEI: 549300YV1HQLBVHOI649 | Long             | EC               | CORP              | US        |     21826 | NS      | $888099.94    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingevity Corp                                     | INGEVITY CORP                               | CUSIP: 45688C107<br>LEI: 5493009UTFC4B5IMGF87 | Long             | EC               | CORP              | US        |     22365 | NS      | $925240.05    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Archrock Inc                                      | ARCHROCK INC                                | CUSIP: 03957W106<br>LEI: 549300K3RIHMHDVFTL28 | Long             | EC               | CORP              | US        |    211222 | NS      | $5259427.80   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Urban Edge Properties                             | URBAN EDGE P                                | CUSIP: 91704F104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     90713 | NS      | $1647348.08   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Dycom Industries Inc                              | DYCOM INDS                                  | CUSIP: 267475101<br>LEI: 549300F56EKTHQI3WT60 | Long             | EC               | CORP              | US        |     35183 | NS      | $8089275.36   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Kratos Defense & Security Solutions Inc           | KRATOS DEFENSE &                            | CUSIP: 50077B207<br>LEI: 5493000EKBN0UY1F3F88 | Long             | EC               | CORP              | US        |    106936 | NS      | $3944869.04   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| AeroVironment Inc                                 | AEROVIRONMENT IN                            | CUSIP: 008073108<br>LEI: 529900PGHVI29YLZ6221 | Long             | EC               | CORP              | US        |     33768 | NS      | $6011717.04   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| RadNet Inc                                        | RADNET INC                                  | CUSIP: 750491102<br>LEI: 529900RECG94V2IZJ970 | Long             | EC               | CORP              | US        |     78571 | NS      | $4517046.79   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| HA Sustainable Infrastructure Capital Inc         | HA SUSTAINABLE I                            | CUSIP: 41068X100<br>LEI: 254900ZZRL7MWL1X8E92 | Long             | EC               | CORP              | US        |     77375 | NS      | $1938243.75   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| US Physical Therapy Inc                           | US PHYSICAL THER                            | CUSIP: 90337L108<br>LEI: 529900KL1UXQYFIOMY96 | Long             | EC               | CORP              | US        |      8923 | NS      | $669135.77    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Plexus Corp                                       | PLEXUS CORP                                 | CUSIP: 729132100<br>LEI: 549300W7HCBI5YT25I79 | Long             | EC               | CORP              | US        |     22159 | NS      | $2908590.34   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Energy Inc                                | LIBERTY ENERGY I                            | CUSIP: 53115L104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    107281 | NS      | $1243386.79   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| XPEL Inc                                          | XPEL INC                                    | CUSIP: 98379L100<br>LEI: 549300KWSE3IGXLJNW66 | Long             | EC               | CORP              | US        |     27339 | NS      | $983383.83    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Monarch Casino & Resort Inc                       | MONARCH CASINO                              | CUSIP: 609027107<br>LEI: 549300AK5FF7KY11V997 | Long             | EC               | CORP              | US        |     15325 | NS      | $1283315.50   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| CoreCivic Inc                                     | CORECIVIC INC                               | CUSIP: 21871N101<br>LEI: 529900JFA3K6PTLT8B15 | Long             | EC               | CORP              | US        |     70151 | NS      | $1540515.96   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Protagonist Therapeutics Inc                      | PROTAGONIST THER                            | CUSIP: 74366E102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     71911 | NS      | $3413615.17   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Clear Secure Inc                                  | CLEAR SECURE I-A                            | CUSIP: 18467V109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    113452 | NS      | $2807937.00   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Sabre Corp                                        | SABRE CORP                                  | CUSIP: 78573M104<br>LEI: 529900VKCYZW8GZ4WW58 | Long             | EC               | CORP              | US        |    464405 | NS      | $1170300.60   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Highwoods Properties Inc                          | HIGHWOODS PROP                              | CUSIP: 431284108<br>LEI: ZIIGTYKL9T0X3HLTDX53 | Long             | EC               | CORP              | US        |     79093 | NS      | $2349062.10   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Preferred Bank/Los Angeles CA                     | PREFERRED BANK                              | CUSIP: 740367404<br>LEI: 5493007K6HGI9G0ECX16 | Long             | EC               | CORP              | US        |     14780 | NS      | $1235755.80   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| NeoGenomics Inc                                   | NEOGENOMICS INC                             | CUSIP: 64049M209<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     69886 | NS      | $508770.08    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| WK Kellogg Co                                     | WK KELLOGG CO                               | CUSIP: 92942W107<br>LEI: 529900SWC935GFWUJ804 | Long             | EC               | CORP              | US        |     49456 | NS      | $836795.52    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Axos Financial Inc                                | AXOS FINANCIAL I                            | CUSIP: 05465C100<br>LEI: 529900D8M56422GK9O25 | Long             | EC               | CORP              | US        |     65416 | NS      | $4549028.64   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Korn Ferry                                        | KORN FERRY                                  | CUSIP: 500643200<br>LEI: 549300FOD20OM0GT5G40 | Long             | EC               | CORP              | US        |     38528 | NS      | $2620289.28   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Balchem Corp                                      | BALCHEM CORP                                | CUSIP: 057665200<br>LEI: 549300VR70OPMHUI3557 | Long             | EC               | CORP              | US        |     39205 | NS      | $6535473.50   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Inspire Medical Systems Inc                       | INSPIRE MEDICAL                             | CUSIP: 457730109<br>LEI: 549300XQQCQ7HCJKTW25 | Long             | EC               | CORP              | US        |     35773 | NS      | $4943828.60   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Lindsay Corp                                      | LINDSAY CORP                                | CUSIP: 535555106<br>LEI: 549300ZFO0QG5H8TPI61 | Long             | EC               | CORP              | US        |      5881 | NS      | $819811.40    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Digi International Inc                            | DIGI INTL INC                               | CUSIP: 253798102<br>LEI: 529900KG656HGROI4N27 | Long             | EC               | CORP              | US        |     26271 | NS      | $851443.11    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Pebblebrook Hotel Trust                           | PEBBLEBROOK HOTE                            | CUSIP: 70509V100<br>LEI: 5493004Q1NNH6JXCSI52 | Long             | EC               | CORP              | US        |     72185 | NS      | $662658.30    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Community Financial System Inc                    | COMMUNITY FINANC                            | CUSIP: 203607106<br>LEI: 5299008N6YHE6GCP1E80 | Long             | EC               | CORP              | US        |     40615 | NS      | $2284187.60   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| WisdomTree Inc                                    | WISDOMTREE INC                              | CUSIP: 97717P104<br>LEI: 549300WIU8IS7UFO7871 | Long             | EC               | CORP              | US        |    137867 | NS      | $1301464.48   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| First Commonwealth Financial Corp                 | FIRST COMMON FIN                            | CUSIP: 319829107<br>LEI: 549300ZHLQ42NXDETL24 | Long             | EC               | CORP              | US        |     57609 | NS      | $899852.58    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Champion Homes Inc                                | CHAMPION HOMES I                            | CUSIP: 830830105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     63533 | NS      | $4155058.20   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameris Bancorp                                    | AMERIS BANCORP                              | CUSIP: 03076K108<br>LEI: PBJHNT51T5V6G5UQFV42 | Long             | EC               | CORP              | US        |     37418 | NS      | $2300084.46   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Group 1 Automotive Inc                            | GROUP 1 AUTOMOTI                            | CUSIP: 398905109<br>LEI: 549300US8QAZJLWYAF63 | Long             | EC               | CORP              | US        |      7678 | NS      | $3254857.76   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Energizer Holdings Inc                            | ENERGIZER HOLDIN                            | CUSIP: 29272W109<br>LEI: 5493000D6NN0V57UME20 | Long             | EC               | CORP              | US        |     33176 | NS      | $772669.04    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Tri Pointe Homes Inc                              | TRI POINTE HOMES                            | CUSIP: 87265H109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     57529 | NS      | $1695954.92   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Shake Shack Inc                                   | SHAKE SHACK IN-A                            | CUSIP: 819047101<br>LEI: 529900J74GJAHYP80N79 | Long             | EC               | CORP              | US        |     48270 | NS      | $6264963.30   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Banner Corp                                       | BANNER CORPORATI                            | CUSIP: 06652V208<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     21176 | NS      | $1305500.40   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| ESCO Technologies Inc                             | ESCO TECH INC                               | CUSIP: 296315104<br>LEI: 5493007JJLP5MEWVDH10 | Long             | EC               | CORP              | US        |     31121 | NS      | $5640370.04   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Oil & Gas Inc                            | NORTHERN OIL AND                            | CUSIP: 665531307<br>LEI: OKFF0PIZDDMNH4UCYE51 | Long             | EC               | CORP              | US        |    119799 | NS      | $3184257.42   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| First Financial Bancorp                           | FIRST FIN BANCRP                            | CUSIP: 320209109<br>LEI: 549300D3F5B3EZMY7P77 | Long             | EC               | CORP              | US        |     54088 | NS      | $1306766.08   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Saul Centers Inc                                  | SAUL CENTERS INC                            | CUSIP: 804395101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7762 | NS      | $261424.16    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Sanmina Corp                                      | SANMINA CORP                                | CUSIP: 801056102<br>LEI: X5K24XLM8QYRXF00EB42 | Long             | EC               | CORP              | US        |     31421 | NS      | $2661044.49   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Artivion Inc                                      | ARTIVION INC                                | CUSIP: 228903100<br>LEI: 549300YTKV8DMSMG6K81 | Long             | EC               | CORP              | US        |     45421 | NS      | $1343553.18   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| ACADIA Pharmaceuticals Inc                        | ACADIA PHARMACEU                            | CUSIP: 004225108<br>LEI: 529900O3044NO0PEA039 | Long             | EC               | CORP              | US        |    102391 | NS      | $2208573.87   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| ANI Pharmaceuticals Inc                           | ANI PHARMACEUTIC                            | CUSIP: 00182C103<br>LEI: 5493000T6CXTND40YH31 | Long             | EC               | CORP              | US        |     20005 | NS      | $1174693.60   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Rush Enterprises Inc                              | RUSH ENTER-CL A                             | CUSIP: 781846209<br>LEI: 529900V3XHTN7A6DFT17 | Long             | EC               | CORP              | US        |     46557 | NS      | $2311555.05   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| QuinStreet Inc                                    | QUINSTREET INC                              | CUSIP: 74874Q100<br>LEI: 549300TP8MFBFPOS4Y78 | Long             | EC               | CORP              | US        |     67997 | NS      | $1038314.19   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Xenia Hotels & Resorts Inc                        | XENIA HOTELS & R                            | CUSIP: 984017103<br>LEI: 54930075IWIPHF5IQL62 | Long             | EC               | CORP              | US        |    122705 | NS      | $1500682.15   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Sylvamo Corp                                      | SYLVAMO CORP                                | CUSIP: 871332102<br>LEI: 5493001AOYU1ZOWOC971 | Long             | EC               | CORP              | US        |     41082 | NS      | $2176113.54   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Mesa Laboratories Inc                             | MESA LABS                                   | CUSIP: 59064R109<br>LEI: 549300ZCG738WLX8ZW79 | Long             | EC               | CORP              | US        |      4420 | NS      | $444740.40    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Griffon Corp                                      | GRIFFON CORP                                | CUSIP: 398433102<br>LEI: 5493000C2SGNC7ZN3242 | Long             | EC               | CORP              | US        |     47594 | NS      | $3272087.50   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| CSW Industrials Inc                               | CSW INDUSTRI INC                            | CUSIP: 126402106<br>LEI: 549300SYOEO3RVQ7FB83 | Long             | EC               | CORP              | US        |     20237 | NS      | $6188272.23   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Cleanspark Inc                                    | CLEANSPARK INC                              | CUSIP: 18452B209<br>LEI: 254900VO7KBRJQDGY810 | Long             | EC               | CORP              | US        |    335415 | NS      | $2894631.45   | 0.36%             |  |  |  | No            |                  1 | On Loan: —       |
| Enova International Inc                           | ENOVA INTERNATIO                            | CUSIP: 29357K103<br>LEI: 549300O8XOCQSB49UO63 | Long             | EC               | CORP              | US        |     31141 | NS      | $2885836.47   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| OmniAb Inc                                        | OMNIAB INC - 12.5                           | CUSIP: 68218J202<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7390 | NS      | $0.07         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| SL Green Realty Corp                              | SL GREEN REALTY                             | CUSIP: 78440X887<br>LEI: 549300VQZPJU97H3GT17 | Long             | EC               | CORP              | US        |     59069 | NS      | $3353347.13   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| DigitalOcean Holdings Inc                         | DIGITALOCEAN HOL                            | CUSIP: 25402D102<br>LEI: 549300EPISPY3RE3DL21 | Long             | EC               | CORP              | US        |     76721 | NS      | $2171204.30   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Semtech Corp                                      | SEMTECH CORP                                | CUSIP: 816850101<br>LEI: 549300J7WUY317SW6O61 | Long             | EC               | CORP              | US        |    103596 | NS      | $3867238.68   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Warrior Met Coal Inc                              | WARRIOR MET COAL                            | CUSIP: 93627C101<br>LEI: 549300152B1S9YKBYV79 | Long             | EC               | CORP              | US        |     63401 | NS      | $2881575.45   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| WillScot Holdings Corp                            | WILLSCOT HOLDING                            | CUSIP: 971378104<br>LEI: 549300HJ4VIXF476Q166 | Long             | EC               | CORP              | US        |    138161 | NS      | $3723438.95   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Acushnet Holdings Corp                            | ACUSHNET HOLDING                            | CUSIP: 005098108<br>LEI: 529900W5FI106H543E43 | Long             | EC               | CORP              | US        |     18463 | NS      | $1259915.12   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Amphastar Pharmaceuticals Inc                     | AMPHASTAR PHARMA                            | CUSIP: 03209R103<br>LEI: 54930055TH0ZLSAQMJ38 | Long             | EC               | CORP              | US        |     28553 | NS      | $734097.63    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Catalyst Pharmaceuticals Inc                      | CATALYST PHARMAC                            | CUSIP: 14888U101<br>LEI: 5299004O0R5XXLA5H544 | Long             | EC               | CORP              | US        |    135084 | NS      | $3371696.64   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| GMS Inc                                           | GMS INC                                     | CUSIP: 36251C103<br>LEI: 52990057RENOQO4U0D72 | Long             | EC               | CORP              | US        |     29930 | NS      | $2266598.90   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| PROG Holdings Inc                                 | PROG HOLDINGS IN                            | CUSIP: 74319R101<br>LEI: 549300DHYTLBOVRXIG52 | Long             | EC               | CORP              | US        |     50052 | NS      | $1442999.16   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| CareTrust REIT Inc                                | CARETRUST REI                               | CUSIP: 14174T107<br>LEI: 5493001NVXE2B9GPLU96 | Long             | EC               | CORP              | US        |    110943 | NS      | $3190720.68   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Brightsphere Investment Group Inc                 | ACADIAN ASSET MA                            | CUSIP: 10948W103<br>LEI: 5493004FTLQNQTBOP608 | Long             | EC               | CORP              | US        |     33662 | NS      | $1013562.82   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Installed Building Products Inc                   | INSTALLED BUILDI                            | CUSIP: 45780R101<br>LEI: 549300I95Y9P9YM5FI86 | Long             | EC               | CORP              | US        |     28009 | NS      | $4466875.32   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Employers Holdings Inc                            | EMPLOYERS HOLDIN                            | CUSIP: 292218104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15538 | NS      | $756234.46    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Central Pacific Financial Corp                    | CENTRAL PACIFIC                             | CUSIP: 154760409<br>LEI: 549300W3YEAOZ4KGG849 | Long             | EC               | CORP              | US        |     20352 | NS      | $543398.40    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Getty Realty Corp                                 | GETTY REALTY                                | CUSIP: 374297109<br>LEI: 2549000P1W5SFJWCNP90 | Long             | EC               | CORP              | US        |     26316 | NS      | $770006.16    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| MYR Group Inc                                     | MYR GROUP INC/DE                            | CUSIP: 55405W104<br>LEI: 529900G1IMMZHOQ17I54 | Long             | EC               | CORP              | US        |     11071 | NS      | $1736486.35   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| SiTime Corp                                       | SITIME CORP                                 | CUSIP: 82982T106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     23047 | NS      | $4518825.29   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| ACI Worldwide Inc                                 | ACI WORLDWIDE IN                            | CUSIP: 004498101<br>LEI: 5493003BPVMZUJ6F5C02 | Long             | EC               | CORP              | US        |    126458 | NS      | $5849947.08   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| N-able Inc/US                                     | N-ABLE INC                                  | CUSIP: 62878D100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     37662 | NS      | $293386.98    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Wolfspeed Inc                                     | WOLFSPEED INC                               | CUSIP: 977852102<br>LEI: 549300OGU88P3AW3TO93 | Long             | EC               | CORP              | US        |     75536 | NS      | $89887.84     | 0.01%             |  |  |  | No            |                  1 | On Loan: —       |
| Granite Construction Inc                          | GRANITE CONSTR                              | CUSIP: 387328107<br>LEI: 549300OM4BWMCIXVCZ39 | Long             | EC               | CORP              | US        |     52381 | NS      | $4685480.45   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Verra Mobility Corp                               | VERRA MOBILITY C                            | CUSIP: 92511U102<br>LEI: 549300XX5EKGLR0M4152 | Long             | EC               | CORP              | US        |    198750 | NS      | $4700437.50   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackLine Inc                                     | BLACKLINE INC                               | CUSIP: 09239B109<br>LEI: 529900P9N7PK9LV5EK56 | Long             | EC               | CORP              | US        |     62576 | NS      | $3499875.68   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Assured Guaranty Ltd                              | ASSURED GUARANTY                            | CUSIP: G0585R106<br>LEI: 549300BBOQUJEPH87M14 | Long             | EC               | CORP              | US        |     28287 | NS      | $2391665.85   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| A10 Networks Inc                                  | A10 NETWORKS INC                            | CUSIP: 002121101<br>LEI: 549300UQD4IWUML81Q35 | Long             | EC               | CORP              | US        |     53433 | NS      | $922253.58    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Alpha Metallurgical Resources Inc                 | ALPHA METALLURGI                            | CUSIP: 020764106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8292 | NS      | $929035.68    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Triumph Group Inc                                 | TRIUMPH GROUP                               | CUSIP: 896818101<br>LEI: 5493007L6S47Q14SL582 | Long             | EC               | CORP              | US        |     55951 | NS      | $1442976.29   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Krystal Biotech Inc                               | KRYSTAL BIOTECH                             | CUSIP: 501147102<br>LEI: 549300YONUY68210OE41 | Long             | EC               | CORP              | US        |     30533 | NS      | $3845936.68   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Bancorp Inc/The                                   | BANCORP INC/THE                             | CUSIP: 05969A105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     57572 | NS      | $2941929.20   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| FormFactor Inc                                    | FORMFACTOR INC                              | CUSIP: 346375108<br>LEI: 549300YCEEO6SZD1ZR61 | Long             | EC               | CORP              | US        |     41977 | NS      | $1253013.45   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| John Wiley & Sons Inc                             | WILEY JOHN&SON-A                            | CUSIP: 968223206<br>LEI: 5493003XM719UN7E8P64 | Long             | EC               | CORP              | US        |     29140 | NS      | $1139956.80   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Pathward Financial Inc                            | PATHWARD FINANCI                            | CUSIP: 59100U108<br>LEI: 5493004X52BH1NBLW813 | Long             | EC               | CORP              | US        |     28797 | NS      | $2247605.85   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Cogent Communications Holdings Inc                | COGENT COMMUNICA                            | CUSIP: 19239V302<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     50862 | NS      | $2324902.02   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Yelp Inc                                          | YELP INC                                    | CUSIP: 985817105<br>LEI: 5299007OU2DOSXPQBO35 | Long             | EC               | CORP              | US        |     43611 | NS      | $1664631.87   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| NexPoint Residential Trust Inc                    | NEXPOINT RESI                               | CUSIP: 65341D102<br>LEI: 549300U2J6XVYBF87166 | Long             | EC               | CORP              | US        |     26595 | NS      | $904230.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| FB Financial Corp                                 | FB FINANCIAL COR                            | CUSIP: 30257X104<br>LEI: 5493000B2LD2C2A6C435 | Long             | EC               | CORP              | US        |     19023 | NS      | $830353.95    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Chesapeake Utilities Corp                         | CHESAPEAKE UTIL                             | CUSIP: 165303108<br>LEI: 254900WW0FDCKAOCKE74 | Long             | EC               | CORP              | US        |     15643 | NS      | $1911418.17   | 0.24%             |  |  |  | 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        |     20894 | NS      | $2089224.96   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| MP Materials Corp                                 | MP MATERIALS COR                            | CUSIP: 553368101<br>LEI: 89450063PHPS61USMT84 | Long             | EC               | CORP              | US        |     64015 | NS      | $1394886.85   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Badger Meter Inc                                  | BADGER METER INC                            | CUSIP: 056525108<br>LEI: 5493002JENE20OGTUG20 | Long             | EC               | CORP              | US        |     35461 | NS      | $8802129.42   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| CEVA Inc                                          | CEVA INC                                    | CUSIP: 157210105<br>LEI: 529900G9T7CVU2J2VU73 | Long             | EC               | CORP              | US        |     13752 | NS      | $257987.52    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Adeia Inc                                         | ADEIA INC                                   | CUSIP: 00676P107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     48767 | NS      | $626168.28    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Armstrong World Industries Inc                    | ARMSTRONG WORLD                             | CUSIP: 04247X102<br>LEI: KXMRXXOJ88Q45Y45MG74 | Long             | EC               | CORP              | US        |     52571 | NS      | $8181624.73   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Radian Group Inc                                  | RADIAN GROUP INC                            | CUSIP: 750236101<br>LEI: 54930005OUP720S5U385 | Long             | EC               | CORP              | US        |     78775 | NS      | $2690166.25   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Macerich Co/The                                   | MACERICH CO                                 | CUSIP: 554382101<br>LEI: 529900PSWCB5KI0JYU46 | Long             | EC               | CORP              | US        |    197610 | NS      | $3197329.80   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Itron Inc                                         | ITRON INC                                   | CUSIP: 465741106<br>LEI: 24F6LSZD18II6ICG6S41 | Long             | EC               | CORP              | US        |     54366 | NS      | $6284709.60   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Addus HomeCare Corp                               | ADDUS HOMECARE                              | CUSIP: 006739106<br>LEI: 52990090ZT33AKPDBX62 | Long             | EC               | CORP              | US        |     13406 | NS      | $1486859.46   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Payoneer Global Inc                               | PAYONEER GLOBAL                             | CUSIP: 70451X104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    309332 | NS      | $2106550.92   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Alamo Group Inc                                   | ALAMO GROUP                                 | CUSIP: 011311107<br>LEI: 54930080C93RVZRSDV26 | Long             | EC               | CORP              | US        |      5497 | NS      | $1088625.88   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Sunstone Hotel Investors Inc                      | SUNSTONE HOTEL                              | CUSIP: 867892101<br>LEI: 529900ZQ2V52V96ATF67 | Long             | EC               | CORP              | US        |    242072 | NS      | $2168965.12   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| RXO Inc                                           | RXO INC                                     | CUSIP: 74982T103<br>LEI: 549300KL8CA6GP8XPM30 | Long             | EC               | CORP              | US        |     80036 | NS      | $1242959.08   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Arcus Biosciences Inc                             | ARCUS BIOSCIENCE                            | CUSIP: 03969F109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     81263 | NS      | $725678.59    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| CorVel Corp                                       | CORVEL CORP                                 | CUSIP: 221006109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     32844 | NS      | $3654551.88   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Sterling Infrastructure Inc                       | STERLING INFRAST                            | CUSIP: 859241101<br>LEI: 549300RZIK6K1215XU51 | Long             | EC               | CORP              | US        |     37036 | NS      | $6963138.36   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Virtus Investment Partners Inc                    | VIRTUS INVEST                               | CUSIP: 92828Q109<br>LEI: 549300HWF93HB8BDM648 | Long             | EC               | CORP              | US        |      3111 | NS      | $531047.70    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| BankUnited Inc                                    | BANKUNITED INC                              | CUSIP: 06652K103<br>LEI: 96OVUWEW5D4YX6PFXD91 | Long             | EC               | CORP              | US        |     41427 | NS      | $1407689.46   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| American States Water Co                          | AMER STATES WATE                            | CUSIP: 029899101<br>LEI: 529900L26LIS2V8PWM23 | Long             | EC               | CORP              | US        |     22771 | NS      | $1795948.77   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Artisan Partners Asset Management Inc             | ARTISAN PARTNE-A                            | CUSIP: 04316A108<br>LEI: 549300T1FUI6JF63XU51 | Long             | EC               | CORP              | US        |     40506 | NS      | $1632391.80   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Viad Corp                                         | PURSUIT ATTRACTI                            | CUSIP: 92552R406<br>LEI: 549300PXU4ZW7LPO5Y40 | Long             | EC               | CORP              | US        |     25577 | NS      | $713342.53    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Collegium Pharmaceutical Inc                      | COLLEGIUM PHARMA                            | CUSIP: 19459J104<br>LEI: 54930049FXZMTLW8D496 | Long             | EC               | CORP              | US        |     38834 | NS      | $1131622.76   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Tandem Diabetes Care Inc                          | TANDEM DIABETES                             | CUSIP: 875372203<br>LEI: 549300JEPFOD0K4D3I05 | Long             | EC               | CORP              | US        |     79121 | NS      | $1568178.22   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Greenbrier Cos Inc/The                            | GREENBRIER COS                              | CUSIP: 393657101<br>LEI: 5493001GAGGFR30BP390 | Long             | EC               | CORP              | US        |     37777 | NS      | $1702609.39   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Innovative Industrial Properties Inc              | INNOVATIVE INDUS                            | CUSIP: 45781V101<br>LEI: 5493008BQ0545EZXRR30 | Long             | EC               | CORP              | US        |     23211 | NS      | $1281711.42   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| John Bean Technologies Corp                       | JBT MAREL CORP                              | CUSIP: 477839104<br>LEI: 5493007CT6ATBZ2L6826 | Long             | EC               | CORP              | US        |     23400 | NS      | $2686554.00   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Douglas Emmett Inc                                | DOUGLAS EMMETT                              | CUSIP: 25960P109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    117016 | NS      | $1665137.68   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Elme Communities                                  | ELME COMMUNITIES                            | CUSIP: 939653101<br>LEI: 549300DI34BGS8LVKW95 | Long             | EC               | CORP              | US        |     62500 | NS      | $1003750.00   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Enerpac Tool Group Corp                           | ENERPAC TOOL GRO                            | CUSIP: 292765104<br>LEI: IZW37BPZKUJE1QXGB081 | Long             | EC               | CORP              | US        |     65546 | NS      | $2810612.48   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Prestige Consumer Healthcare Inc                  | PRESTIGE CONSUME                            | CUSIP: 74112D101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     35818 | NS      | $3068528.06   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| TripAdvisor Inc                                   | TRIPADVISOR INC                             | CUSIP: 896945201<br>LEI: 549300XVG45PT5BART17 | Long             | EC               | CORP              | US        |     88809 | NS      | $1264640.16   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Moog Inc                                          | MOOG INC-CLASS A                            | CUSIP: 615394202<br>LEI: 549300WM2I4U7OBAHG07 | Long             | EC               | CORP              | US        |     34187 | NS      | $6335192.97   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| HCI Group Inc                                     | HCI GROUP INC                               | CUSIP: 40416E103<br>LEI: 549300CZF7EZJH0MPH74 | Long             | EC               | CORP              | US        |     10230 | NS      | $1726517.10   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| First Hawaiian Inc                                | FIRST HAWAIIA                               | CUSIP: 32051X108<br>LEI: 5493002DJSH46F5OLV06 | Long             | EC               | CORP              | US        |     65503 | NS      | $1564211.64   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Hospitality REIT Inc                        | APPLE HOSPITALIT                            | CUSIP: 03784Y200<br>LEI: 549300EVZAR0FBZO4F16 | Long             | EC               | CORP              | US        |    131748 | NS      | $1526959.32   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| National Beverage Corp                            | NATL BEVERAGE                               | CUSIP: 635017106<br>LEI: 549300O9MZIQJI8TGV17 | Long             | EC               | CORP              | US        |     14697 | NS      | $664745.31    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Simply Good Foods Co/The                          | SIMPLY GOOD FOOD                            | CUSIP: 82900L102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     50955 | NS      | $1758457.05   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Box Inc                                           | BOX INC- CLASS A                            | CUSIP: 10316T104<br>LEI: 549300KQUCPD8687YS68 | Long             | EC               | CORP              | US        |    173267 | NS      | $6552957.94   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| TransMedics Group Inc                             | TRANSMEDICS GROU                            | CUSIP: 89377M109<br>LEI: 549300060GVOSMWARH50 | Long             | EC               | CORP              | US        |     40470 | NS      | $5144546.40   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Standex International Corp                        | STANDEX INTL CO                             | CUSIP: 854231107<br>LEI: RCX52GR0JW2LRRMH9Z54 | Long             | EC               | CORP              | US        |      9318 | NS      | $1406458.92   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| LiveRamp Holdings Inc                             | LIVERAMP HOLDING                            | CUSIP: 53815P108<br>LEI: 254900GXS75LG1X7RF88 | Long             | EC               | CORP              | US        |     41172 | NS      | $1341383.76   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| NMI Holdings Inc                                  | NMI HOLDINGS INC                            | CUSIP: 629209305<br>LEI: 529900KNNGFXJX1C3Z08 | Long             | EC               | CORP              | US        |     94642 | NS      | $3759180.24   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Armada Hoffler Properties Inc                     | ARMADA HOFFLER P                            | CUSIP: 04208T108<br>LEI: 549300WQRSIV6XZT9313 | Long             | EC               | CORP              | US        |     61851 | NS      | $430482.96    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Sensient Technologies Corp                        | SENSIENT TECHNOL                            | CUSIP: 81725T100<br>LEI: CMMZHMFZQG86EI7WZU92 | Long             | EC               | CORP              | US        |     27044 | NS      | $2556469.32   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Alkermes PLC                                      | ALKERMES PLC                                | CUSIP: G01767105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    125553 | NS      | $3843177.33   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Otter Tail Corp                                   | OTTER TAIL CORP                             | CUSIP: 689648103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     22673 | NS      | $1749902.14   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Astrana Health Inc                                | ASTRANA HEALTH I                            | CUSIP: 03763A207<br>LEI: 5493008O4R82Q4STJ936 | Long             | EC               | CORP              | US        |     50086 | NS      | $1241631.94   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Vericel Corp                                      | VERICEL CORP                                | CUSIP: 92346J108<br>LEI: 54930076YM3PLTDR4B91 | Long             | EC               | CORP              | US        |     59469 | NS      | $2455772.36   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Chefs' Warehouse Inc/The                          | CHEFS WAREHOUSE                             | CUSIP: 163086101<br>LEI: 549300JYEDC8C547E980 | Long             | EC               | CORP              | US        |     42366 | NS      | $2702103.48   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| OPENLANE Inc                                      | OPENLANE INC                                | CUSIP: 48238T109<br>LEI: 5493004HKD20LBSG7D03 | Long             | EC               | CORP              | US        |    128737 | NS      | $2951939.41   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| ADMA Biologics Inc                                | ADMA BIOLOGICS INC                          | CUSIP: 000899104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    285024 | NS      | $5654876.16   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Stride Inc                                        | STRIDE INC                                  | CUSIP: 86333M108<br>LEI: 254900BRWS3AFONWU277 | Long             | EC               | CORP              | US        |     51568 | NS      | $7806879.52   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| OmniAb Inc                                        | OMNIAB INC - 15                             | CUSIP: 68218J301<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7390 | NS      | $0.07         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Virtu Financial Inc                               | VIRTU FINANCIA-A                            | CUSIP: 928254101<br>LEI: 5493001OPW2K42CH3884 | Long             | EC               | CORP              | US        |     97436 | NS      | $3915952.84   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Supernus Pharmaceuticals Inc                      | SUPERNUS PHARMAC                            | CUSIP: 868459108<br>LEI: 549300GRM36VBKISYJ58 | Long             | EC               | CORP              | US        |     33905 | NS      | $1074788.50   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Freshpet Inc                                      | FRESHPET INC                                | CUSIP: 358039105<br>LEI: 549300S4ZK8ZQ6HNPN59 | Long             | EC               | CORP              | US        |     58531 | NS      | $4691844.96   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Urban Outfitters Inc                              | URBAN OUTFITTER                             | CUSIP: 917047102<br>LEI: 549300N3DUFR5U6NRN38 | Long             | EC               | CORP              | US        |     30526 | NS      | $2133767.40   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Liquidity Services Inc                            | LIQUIDITY SERVIC                            | CUSIP: 53635B107<br>LEI: 5299002AZ4ULSAXN0G81 | Long             | EC               | CORP              | US        |     27232 | NS      | $636411.84    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Glaukos Corp                                      | GLAUKOS CORP                                | CUSIP: 377322102<br>LEI: 5299004JA1LHE21M6T14 | Long             | EC               | CORP              | US        |     66475 | NS      | $6267927.75   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                               | E-Mini Russ 2000  Jun25                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |        10 | NC      | $52499.50     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| NBT Bancorp Inc                                   | NBT BANCORP INC                             | CUSIP: 628778102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     27653 | NS      | $1157278.05   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| HNI Corp                                          | HNI CORP                                    | CUSIP: 404251100<br>LEI: 549300SKRADLC4O5HV93 | Long             | EC               | CORP              | US        |     29961 | NS      | $1394085.33   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Integer Holdings Corp                             | INTEGER HOLDINGS                            | CUSIP: 45826H109<br>LEI: 549300SUD2ED5XG6X569 | Long             | EC               | CORP              | US        |     40449 | NS      | $4803723.24   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Buckle Inc/The                                    | THE BUCKLE INC                              | CUSIP: 118440106<br>LEI: 5299007IU0461T3GDL34 | Long             | EC               | CORP              | US        |     18060 | NS      | $769536.60    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Alarm.com Holdings Inc                            | ALARM.COM HOLDIN                            | CUSIP: 011642105<br>LEI: 549300HIH92U1EKIHZ32 | Long             | EC               | CORP              | US        |     35736 | NS      | $2051246.40   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin Electric Co Inc                          | FRANKLIN ELEC CO                            | CUSIP: 353514102<br>LEI: RR6AURIKMXUE4Q24G284 | Long             | EC               | CORP              | US        |     28877 | NS      | $2494684.03   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Madison Square Garden Sports Corp                 | MADISON SQUARE G                            | CUSIP: 55825T103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     20203 | NS      | $3836347.67   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Hawkins Inc                                       | HAWKINS INC                                 | CUSIP: 420261109<br>LEI: 549300VL3IJ23OWX1Y34 | Long             | EC               | CORP              | US        |     22946 | NS      | $3063061.54   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| StepStone Group Inc                               | STEPSTONE GROU-A                            | CUSIP: 85914M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     45315 | NS      | $2621472.75   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| WD-40 Co                                          | WD-40 CO                                    | CUSIP: 929236107<br>LEI: 549300UZHTN0CNKBOB19 | Long             | EC               | CORP              | US        |      9954 | NS      | $2425093.02   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Photronics Inc                                    | PHOTRONICS INC                              | CUSIP: 719405102<br>LEI: 549300OK5JVNIBNY6F63 | Long             | EC               | CORP              | US        |     32258 | NS      | $539031.18    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercury General Corp                              | MERCURY GEN CORP                            | CUSIP: 589400100<br>LEI: 5493001Q9EXPCEL4W527 | Long             | EC               | CORP              | US        |     32025 | NS      | $2064972.00   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Harmonic Inc                                      | HARMONIC INC                                | CUSIP: 413160102<br>LEI: 549300LRGRD8XC9BTL66 | Long             | EC               | CORP              | US        |     72084 | NS      | $650197.68    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Vicor Corp                                        | VICOR CORP                                  | CUSIP: 925815102<br>LEI: 5299005KMQOTR6B51F09 | Long             | EC               | CORP              | US        |     15608 | NS      | $681133.12    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Privia Health Group Inc                           | PRIVIA HEALTH GR                            | CUSIP: 74276R102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     85830 | NS      | $1953490.80   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Impinj Inc                                        | IMPINJ INC                                  | CUSIP: 453204109<br>LEI: 549300M26VGKSMMWWN17 | Long             | EC               | CORP              | US        |     27884 | NS      | $3181285.56   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| ServisFirst Bancshares Inc                        | SERVISFIRST BANC                            | CUSIP: 81768T108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     60548 | NS      | $4506587.64   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Helix Energy Solutions Group Inc                  | HELIX ENERGY SOL                            | CUSIP: 42330P107<br>LEI: 416AP2JOUTCWEGSOZW41 | Long             | EC               | CORP              | US        |     98399 | NS      | $609089.81    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlas Energy Solutions Inc                        | ATLAS ENERGY SOL                            | CUSIP: 642045108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     86523 | NS      | $1051254.45   | 0.13%             |  |  |  | No            |                  1 | On Loan: —       |
| CVB Financial Corp                                | CVB FINANCIAL                               | CUSIP: 126600105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     64854 | NS      | $1216012.50   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Extreme Networks Inc                              | EXTREME NETWORKS                            | CUSIP: 30226D106<br>LEI: 549300WRECW11X94UB57 | Long             | EC               | CORP              | US        |     76956 | NS      | $1205900.52   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Lumen Technologies Inc                            | LUMEN TECHNOLOGI                            | CUSIP: 550241103<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | EC               | CORP              | US        |    624592 | NS      | $2448400.64   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Enpro Inc                                         | ENPRO INC                                   | CUSIP: 29355X107<br>LEI: 549300Y5CFT2LKCFDN54 | Long             | EC               | CORP              | US        |     15683 | NS      | $2903550.62   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| SPX Technologies Inc                              | SPX TECHNOLOGIES                            | CUSIP: 78473E103<br>LEI: P761FCI0CPOG24I8JE10 | Long             | EC               | CORP              | US        |     55901 | NS      | $8501983.09   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| American Assets Trust Inc                         | AMERICAN ASSETS                             | CUSIP: 024013104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     33640 | NS      | $670781.60    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Gogo Inc                                          | GOGO INC                                    | CUSIP: 38046C109<br>LEI: 549300VL3DIHSFHYTO04 | Long             | EC               | CORP              | US        |     32976 | NS      | $349875.36    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| DNOW Inc                                          | DNOW INC                                    | CUSIP: 67011P100<br>LEI: 549300AVH5SOCFVVDW91 | Long             | EC               | CORP              | US        |     72545 | NS      | $1046098.90   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Piper Sandler Cos                                 | PIPER SANDLER CO                            | CUSIP: 724078100<br>LEI: QUQDBTUSOAKFEVMRMF78 | Long             | EC               | CORP              | US        |     19410 | NS      | $4880644.50   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Adtalem Global Education Inc                      | ADTALEM GLOBAL E                            | CUSIP: 00737L103<br>LEI: 549300Z467EZLMODV621 | Long             | EC               | CORP              | US        |     44932 | NS      | $5932371.96   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Corcept Therapeutics Inc                          | CORCEPT THERA                               | CUSIP: 218352102<br>LEI: 529900EO9LUTFMZ7FF90 | Long             | EC               | CORP              | US        |    112430 | NS      | $8720070.80   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Steven Madden Ltd                                 | STEVEN MADDEN                               | CUSIP: 556269108<br>LEI: 549300Z9GZ7GYJWSGF43 | Long             | EC               | CORP              | US        |     57407 | NS      | $1415082.55   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Essential Properties Realty Trust Inc             | ESSENTIAL PROPER                            | CUSIP: 29670E107<br>LEI: 2549009LXQLVYCGLZO50 | Long             | EC               | CORP              | US        |    226260 | NS      | $7353450.00   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Cargurus Inc                                      | CARGURUS INC                                | CUSIP: 141788109<br>LEI: 54930027BKQN6B7X7G78 | Long             | EC               | CORP              | US        |    106100 | NS      | $3325174.00   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| InterDigital Inc                                  | INTERDIGITAL INC                            | CUSIP: 45867G101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     30965 | NS      | $6727455.90   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| HealthStream Inc                                  | HEALTHSTREAM INC                            | CUSIP: 42222N103<br>LEI: 529900OJ88H8635JNH64 | Long             | EC               | CORP              | US        |     16857 | NS      | $472333.14    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Cars.com Inc                                      | CARS.COM INC                                | CUSIP: 14575E105<br>LEI: 5493002G6J07LNGX4M98 | Long             | EC               | CORP              | US        |     31781 | NS      | $325755.25    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| BGC Group Inc                                     | BGC GROUP INC-A                             | CUSIP: 088929104<br>LEI: 2549001IGRCG4F0RLD36 | Long             | EC               | CORP              | US        |    247984 | NS      | $2301291.52   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Hanesbrands Inc                                   | HANESBRANDS INC                             | CUSIP: 410345102<br>LEI: GX5LWVWZLL5S4W1L2F20 | Long             | EC               | CORP              | US        |    225261 | NS      | $1115041.95   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| NCR Atleos Corp                                   | NCR ATLEOS CORP                             | CUSIP: 63001N106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     38386 | NS      | $1017612.86   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Westamerica BanCorp                               | WESTAMERICA BANC                            | CUSIP: 957090103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     17752 | NS      | $852983.60    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| J & J Snack Foods Corp                            | J & J SNACK FOOD                            | CUSIP: 466032109<br>LEI: 894500IGP1Y2ZQFQMJ83 | Long             | EC               | CORP              | US        |     10330 | NS      | $1189706.10   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Phinia Inc                                        | PHINIA INC                                  | CUSIP: 71880K101<br>LEI: 254900HG6MORZE1FFM18 | Long             | EC               | CORP              | US        |     25050 | NS      | $1087170.00   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| PDF Solutions Inc                                 | PDF SOLUTIONS                               | CUSIP: 693282105<br>LEI: 549300GMSP6MROFBI160 | Long             | EC               | CORP              | US        |     37455 | NS      | $662953.50    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| S&T Bancorp Inc                                   | S & T BANCORP                               | CUSIP: 783859101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     24500 | NS      | $898170.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| StoneX Group Inc                                  | STONEX GROUP INC                            | CUSIP: 861896108<br>LEI: 549300JUF07L8VF02M60 | Long             | EC               | CORP              | US        |     27397 | NS      | $2319293.04   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Agilysys Inc                                      | AGILYSYS INC                                | CUSIP: 00847J105<br>LEI: 5299001XWB5V3B5IPN93 | Long             | EC               | CORP              | US        |     27046 | NS      | $2864441.86   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| ICU Medical Inc                                   | ICU MEDICAL                                 | CUSIP: 44930G107<br>LEI: 5493003NRW7LS2QZRH60 | Long             | EC               | CORP              | US        |     29529 | NS      | $3982280.94   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| UFP Technologies Inc                              | UFP TECHNOLOGIES                            | CUSIP: 902673102<br>LEI: 549300RJ8LY41HS70C91 | Long             | EC               | CORP              | US        |      8785 | NS      | $2057447.00   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Whitestone REIT                                   | WHITESTONE REI                              | CUSIP: 966084204<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     27021 | NS      | $332898.72    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Concentra Group Holdings Parent Inc               | CONCENTRA GROUP                             | CUSIP: 20603L102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     53458 | NS      | $1156296.54   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Energy Industries Inc                    | ADV ENERGY INDS                             | CUSIP: 007973100<br>LEI: 549300756XI3QLFT2U27 | Long             | EC               | CORP              | US        |     22243 | NS      | $2553051.54   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| OFG Bancorp                                       | OFG BANCORP                                 | CUSIP: 67103X102<br>LEI: 549300Q4QEXJ37LEXQ06 | Long             | EC               | CORP              | US        |     32629 | NS      | $1342357.06   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| EVERTEC Inc                                       | EVERTEC INC                                 | CUSIP: 30040P103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     49813 | NS      | $1804724.99   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| SkyWest Inc                                       | SKYWEST INC                                 | CUSIP: 830879102<br>LEI: 529900UYS2KGS6Z42P09 | Long             | EC               | CORP              | US        |     48629 | NS      | $4933412.05   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Cactus Inc                                        | CACTUS INC- A                               | CUSIP: 127203107<br>LEI: 549300J3T8C9F8QFKV08 | Long             | EC               | CORP              | US        |     80405 | NS      | $3296605.00   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Etsy Inc                                          | ETSY INC                                    | CUSIP: 29786A106<br>LEI: 54930089Q7XT501AEA40 | Long             | EC               | CORP              | US        |     66406 | NS      | $3675572.10   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Enact Holdings Inc                                | ENACT HOLDINGS I                            | CUSIP: 29249E109<br>LEI: 9845003CA5664B741N19 | Long             | EC               | CORP              | US        |      8140 | NS      | $288156.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Powell Industries Inc                             | POWELL INDS INC                             | CUSIP: 739128106<br>LEI: 549300V08RO7MX2UBN26 | Long             | EC               | CORP              | US        |     11340 | NS      | $1923150.60   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Middlesex Water Co                                | MIDDLESEX WATER                             | CUSIP: 596680108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10797 | NS      | $625686.15    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| SM Energy Co                                      | SM ENERGY CO                                | CUSIP: 78454L100<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | EC               | CORP              | US        |     68920 | NS      | $1614106.40   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Trinity Industries Inc                            | TRINITY INDUSTRI                            | CUSIP: 896522109<br>LEI: R1JB4KXN77XFCXOQKV49 | Long             | EC               | CORP              | US        |     98978 | NS      | $2547693.72   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| LeMaitre Vascular Inc                             | LEMAITRE VASCULA                            | CUSIP: 525558201<br>LEI: 549300FZUBUB7MHY8R17 | Long             | EC               | CORP              | US        |     24652 | NS      | $2026394.40   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| DiamondRock Hospitality Co                        | DIAMONDROCK HOSP                            | CUSIP: 252784301<br>LEI: 529900KKD4BPVBUAQ734 | Long             | EC               | CORP              | US        |    250158 | NS      | $1911207.12   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| RPC Inc                                           | RPC INC                                     | CUSIP: 749660106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     52089 | NS      | $231275.16    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Unitil Corp                                       | UNITIL CORP                                 | CUSIP: 913259107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7689 | NS      | $421587.87    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| BancFirst Corp                                    | BANCFIRST CORP                              | CUSIP: 05945F103<br>LEI: 549300EJEHGBP4IO2J30 | Long             | EC               | CORP              | US        |     24056 | NS      | $2975847.48   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Interface Inc                                     | INTERFACE INC                               | CUSIP: 458665304<br>LEI: 549300VXZWQOIDFPU355 | Long             | EC               | CORP              | US        |     70258 | NS      | $1411483.22   | 0.18%             |  |  |  | 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        |     42369 | NS      | $4236488.21   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Sealed Air Corp                                   | SEALED AIR CORP                             | CUSIP: 81211K100<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | EC               | CORP              | US        |     68452 | NS      | $2204154.40   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Merit Medical Systems Inc                         | MERIT MEDICAL                               | CUSIP: 589889104<br>LEI: 549300OYTY138SP2CE83 | Long             | EC               | CORP              | US        |     70268 | NS      | $6677568.04   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Schrodinger Inc/United States                     | SCHRODINGER INC                             | CUSIP: 80810D103<br>LEI: 984500044BAE4791E559 | Long             | EC               | CORP              | US        |     35318 | NS      | $763575.16    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Matson Inc                                        | MATSON INC                                  | CUSIP: 57686G105<br>LEI: 549300OI5H3Y0I9I4I12 | Long             | EC               | CORP              | US        |     25643 | NS      | $2893812.55   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Teradata Corp                                     | TERADATA CORP                               | CUSIP: 88076W103<br>LEI: 549300JU9SOUHV4U4R71 | Long             | EC               | CORP              | US        |     40369 | NS      | $886503.24    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Kennedy-Wilson Holdings Inc                       | KENNEDY-WILSON H                            | CUSIP: 489398107<br>LEI: 549300MOI1T78144X610 | Long             | EC               | CORP              | US        |     53017 | NS      | $337718.29    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| M/I Homes Inc                                     | M/I HOMES INC                               | CUSIP: 55305B101<br>LEI: 5299005M71FH9CCSFB69 | Long             | EC               | CORP              | US        |     17376 | NS      | $1852455.36   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Tanger Inc                                        | TANGER INC                                  | CUSIP: 875465106<br>LEI: UKEW8YSXE4Y581KYOL30 | Long             | EC               | CORP              | US        |     89516 | NS      | $2667576.80   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Perdoceo Education Corp                           | PERDOCEO EDUCATI                            | CUSIP: 71363P106<br>LEI: 529900X5PCA184O9LY90 | Long             | EC               | CORP              | US        |     39415 | NS      | $1341686.60   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Kadant Inc                                        | KADANT INC                                  | CUSIP: 48282T104<br>LEI: 549300K06LNJYBMPYP15 | Long             | EC               | CORP              | US        |     14165 | NS      | $4446535.15   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Mister Car Wash Inc                               | MISTER CAR WASH                             | CUSIP: 60646V105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     53257 | NS      | $377059.56    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Boot Barn Holdings Inc                            | BOOT BARN HOLDIN                            | CUSIP: 099406100<br>LEI: 529900QE1BFMYA3N4E71 | Long             | EC               | CORP              | US        |     36897 | NS      | $5914958.07   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| City Holding Co                                   | CITY HOLDING CO                             | CUSIP: 177835105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     17715 | NS      | $2088421.35   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Dynavax Technologies Corp                         | DYNAVAX TECHNOLO                            | CUSIP: 268158201<br>LEI: 549300T5URIXWDILX594 | Long             | EC               | CORP              | US        |     60136 | NS      | $588731.44    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| SPS Commerce Inc                                  | SPS COMMERCE INC                            | CUSIP: 78463M107<br>LEI: 2549006XVF9GCCETDQ72 | Long             | EC               | CORP              | US        |     45753 | NS      | $6440192.28   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Viavi Solutions Inc                               | VIAVI SOLUTIONS                             | CUSIP: 925550105<br>LEI: 5493006K3E3N1QOBF092 | Long             | EC               | CORP              | US        |    115090 | NS      | $1048469.90   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Grid Dynamics Holdings Inc                        | GRID DYNAMICS HO                            | CUSIP: 39813G109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     49171 | NS      | $616112.63    | 0.08%             |  |  |  | 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