# EDGAR Filing Document

**Accession Number:** 0001145022
**File Stem:** 0000894189-26-016947
**Filing Date:** 2026-6
**Character Count:** 151133
**Document Hash:** c35b2f7f469130704ccf056add009bf4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-26-016947.hdr.sgml**: 20260601

**ACCESSION NUMBER**: 0000894189-26-016947

**CONFORMED SUBMISSION TYPE**: NPORT-P/A

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260601

**DATE AS OF CHANGE**: 20260601

**PERIOD START**: 20260630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** HOTCHKIS & WILEY FUNDS /DE/
- **CENTRAL INDEX KEY:** 0001145022

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** NPORT-P/A
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-10487
- **FILM NUMBER:** 261050896

**BUSINESS ADDRESS:**
- **STREET 1:** 601 SOUTH FIGUEROA STREET
- **STREET 2:** 39TH FLOOR
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90017-5704
- **BUSINESS PHONE:** 2134301000

**MAIL ADDRESS:**
- **STREET 1:** 601 SOUTH FIGUEROA STREET
- **STREET 2:** 39TH FLOOR
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90017-5704

## Series and Classes Contracts Data

### Hotchkis & Wiley Small Cap Diversified Value Fund (Series ID: S000045868)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000142947 | Class I      | HWVIX           |
| C000142948 | Class A      | HWVAX           |
| C000205773 | Class Z      | HWVZX           |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **Hotchkis & Wiley Small Cap Diversified Value Fund** | **Hotchkis & Wiley Small Cap Diversified Value Fund** | **Hotchkis & Wiley Small Cap Diversified Value Fund** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **March 31, 2026 (Unaudited)** | **March 31, 2026 (Unaudited)** | **March 31, 2026 (Unaudited)** |
| **COMMON STOCKS - 94.2%** | **Shares**  | **Value**  |
| **Automobile Components - 1.6%** | **Automobile Components - 1.6%** | |
| Adient PLC <sup>(a)</sup> | 134505 | $2718346 |
| Fox Factory Holding Corp. <sup>(a)</sup> | 89700 | 1476462 |
| Gentex Corp. | 138400 | 3024040 |
| Lear Corp. | 24900 | 3014892 |
| Visteon Corp. | 32700 | 2979297 |
|  |  | 13213037 |
| **Automobiles - 0.9%** | **Automobiles - 0.9%** |  |
| Harley-Davidson, Inc. | 116900 | 2363718 |
| Thor Industries, Inc. | 30100 | 2404689 |
| Winnebago Industries, Inc. | 74700 | 2314953 |
|  |  | 7083360 |
| **Banks - 22.1%** | **Banks - 22.1%** |  |
| 1st Source Corp. | 38866 | 2689916 |
| Amerant Bancorp, Inc. | 118900 | 2620556 |
| Arrow Financial Corp. | 48700 | 1634859 |
| Associated Banc-Corp. | 120690 | 3121043 |
| Banc of California, Inc. | 84718 | 1489342 |
| Bank of Marin Bancorp | 69000 | 1768470 |
| Bank7 Corp. | 17500 | 697900 |
| BankUnited, Inc. | 62220 | 2809855 |
| BayCom Corp. | 36300 | 1079018 |
| Beacon Financial Corp. | 128317 | 3849510 |
| Bridgewater Bancshares, Inc. <sup>(a)</sup> | 72000 | 1274400 |
| Burke & Herbert Financial Services Corp. | 26200 | 1631998 |
| Camden National Corp. | 50516 | 2396984 |
| Capital Bancorp, Inc. | 26700 | 794058 |
| Capitol Federal Financial, Inc. | 468800 | 3342544 |
| Carter Bankshares, Inc. <sup>(a)</sup> | 53100 | 1238292 |
| Cathay General Bancorp | 63332 | 3157734 |
| Central Pacific Financial Corp. | 44460 | 1420942 |
| ChoiceOne Financial Services, Inc. | 57100 | 1605652 |
| Civista Bancshares, Inc. | 70500 | 1606695 |
| CNB Financial Corp. | 85600 | 2478976 |
| Community Trust Bancorp, Inc. | 25340 | 1538645 |
| Community West Bancshares | 69800 | 1626340 |
| ConnectOne Bancorp, Inc. | 136034 | 3641630 |
| CVB Financial Corp. | 82200 | 1593858 |
| Dime Community Bancshares, Inc. | 107600 | 3639032 |
| Eagle Bancorp, Inc. | 122130 | 3037373 |
| Enterprise Financial Services Corp. | 55600 | 3008516 |
| Farmers National Banc Corp. | 126571 | 1665674 |
| Financial Institutions, Inc. | 51351 | 1628340 |
| Finward Bancorp | 11300 | 410190 |
| First Busey Corp. | 133151 | 3364726 |
| First Financial Corp. | 31063 | 1963182 |
| First Foundation, Inc. <sup>(a)</sup> | 538197 | 3175362 |
| First Hawaiian, Inc. | 128540 | 3167226 |
| First Internet Bancorp | 34289 | 698810 |
| First Merchants Corp. | 86402 | 3346349 |
| First Mid Bancshares, Inc. | 43800 | 1804122 |
| First Western Financial, Inc. <sup>(a)</sup> | 30900 | 759522 |
| Firstsun Capital Bancorp <sup>(a)</sup> | 41100 | 1498506 |
| Five Star Bancorp | 41900 | 1580468 |
| Flagstar Bank NA | 241600 | 3181872 |
| Flushing Financial Corp. | 202318 | 3107604 |
| Great Southern Bancorp, Inc. | 39710 | 2506892 |
| Hanmi Financial Corp. | 124800 | 3289728 |
| Heritage Commerce Corp. | 231600 | 2890368 |
| Heritage Financial Corp. | 68600 | 1783600 |
| Hilltop Holdings, Inc. | 87500 | 3134250 |
| Home Bancorp, Inc. | 30900 | 1871922 |
| Hope Bancorp, Inc. | 291289 | 3253698 |
| Independent Bank Corp. | 46600 | 1551780 |
| Independent Bank Corp. | 10300 | 774663 |
| Kearny Financial Corp. | 312700 | 2360885 |
| Live Oak Bancshares, Inc. | 62700 | 2073489 |
| Mercantile Bank Corp. | 47240 | 2385620 |
| Mid Penn Bancorp, Inc. | 28800 | 926208 |
| Midland States Bancorp, Inc. | 136900 | 3054239 |
| MVB Financial Corp. | 15100 | 374933 |
| NB Bancorp, Inc. | 114700 | 2416729 |
| Northeast Bank | 21200 | 2382244 |
| Northeast Community Bancorp, Inc. | 17300 | 411740 |
| Northfield Bancorp, Inc. | 62307 | 843637 |
| Northpointe Bancshares, Inc. | 187800 | 3241428 |
| OceanFirst Financial Corp. | 183910 | 3317736 |
| Origin Bancorp, Inc. | 19400 | 804324 |
| Peapack-Gladstone Financial Corp. | 58500 | 2059785 |
| Peoples Bancorp, Inc. | 75900 | 2494833 |
| Peoples Financial Services Corp. | 7600 | 405308 |
| Preferred Bank | 34840 | 3159640 |
| Provident Financial Services, Inc. | 161772 | 3423096 |
| RBB Bancorp | 53027 | 1133187 |
| S&T Bancorp, Inc. | 38900 | 1627187 |
| Shore Bancshares, Inc. | 72112 | 1347052 |
| Sierra Bancorp | 35950 | 1219424 |
| Simmons First National Corp. - Class A | 120000 | 2334000 |
| Southern First Bancshares, Inc. <sup>(a)</sup> | 29100 | 1585950 |
| Southern Missouri Bancorp, Inc. | 39500 | 2525630 |
| Southside Bancshares, Inc. | 51800 | 1610462 |
| The Hingham Institution For Savings <sup>(b)</sup> | 10800 | 3087072 |
| Towne Bank | 23300 | 784511 |
| TriCo Bancshares | 28100 | 1335874 |
| TrustCo Bank Corp. | 72952 | 3193839 |
| United Community Banks, Inc. | 24400 | 768356 |
| Univest Financial Corp. | 77470 | 2654122 |
| Valley National Bancorp | 190400 | 2338112 |
| WaFd, Inc. | 103134 | 3238408 |
| Washington Trust Bancorp, Inc. | 83600 | 2797256 |
|  |  | 182919308 |
| **Biotechnology - 0.4%** | **Biotechnology - 0.4%** |  |
| Sarepta Therapeutics, Inc. <sup>(a)</sup> | 143400 | 3120384 |
| **Broadline Retail - 0.2%** | **Broadline Retail - 0.2%** |  |
| Macy's, Inc. | 76800 | 1389312 |
| **Building Products - 1.5%** | **Building Products - 1.5%** |  |
| American Woodmark Corp. <sup>(a)</sup> | 44000 | 1752520 |
| Apogee Enterprises, Inc. | 55100 | 1848054 |
| Fortune Brands Innovations, Inc. | 64300 | 2505771 |
| Janus International Group, Inc. <sup>(a)</sup> | 338400 | 1742760 |
| Resideo Technologies, Inc. <sup>(a)</sup> | 51910 | 1749886 |
| UFP Industries, Inc. | 30500 | 2809660 |
|  |  | 12408651 |
| **Capital Markets - 1.1%** | **Capital Markets - 1.1%** |  |
| Federated Hermes, Inc. | 62280 | 3531899 |
| Virtu Financial, Inc. - Class A | 43700 | 1921926 |
| Virtus Investment Partners, Inc. | 24700 | 3318445 |
|  |  | 8772270 |
| **Chemicals - 2.5%** | **Chemicals - 2.5%** |  |
| Axalta Coating Systems Ltd. <sup>(a)</sup> | 97500 | 2700750 |
| Cabot Corp. | 10000 | 753100 |
| Ecovyst, Inc. <sup>(a)</sup> | 292700 | 3764122 |
| HB Fuller Co. | 53400 | 3293712 |
| Huntsman Corp. | 275800 | 3670898 |
| Innospec, Inc. | 26800 | 1956936 |
| Olin Corp. | 142700 | 4242471 |
|  |  | 20381989 |
| **Commercial Services & Supplies - 1.3%** | **Commercial Services & Supplies - 1.3%** |  |
| ABM Industries, Inc. | 52900 | 2037708 |
| Brink's Co. | 26300 | 2725469 |
| Ennis, Inc. | 41500 | 888930 |
| Healthcare Services Group, Inc. <sup>(a)</sup> | 81330 | 1508671 |
| MillerKnoll, Inc. | 69400 | 1003524 |
| UniFirst Corp. | 9100 | 2289469 |
|  |  | 10453771 |
| **Communications Equipment - 0.1%** | **Communications Equipment - 0.1%** |  |
| Aviat Networks, Inc. <sup>(a)</sup> | 34500 | 780045 |
| **Construction & Engineering - 0.4%** | **Construction & Engineering - 0.4%** |  |
| Fluor Corp. <sup>(a)</sup> | 70400 | 3284160 |
| **Consumer Finance - 1.1%** | **Consumer Finance - 1.1%** |  |
| Bread Financial Holdings, Inc. | 46600 | 3489874 |
| Navient Corp. | 359360 | 2939565 |
| SLM Corp. | 142500 | 3050925 |
|  |  | 9480364 |
| **Consumer Staples Distribution & Retail - 0.2%** | **Consumer Staples Distribution & Retail - 0.2%** |  |
| Grocery Outlet Holding Corp. <sup>(a)</sup> | 255300 | 1799865 |
| **Containers & Packaging - 0.9%** | **Containers & Packaging - 0.9%** |  |
| Graphic Packaging Holding Co. | 90400 | 898576 |
| Myers Industries, Inc. | 125600 | 2660208 |
| Sonoco Products Co. | 40000 | 2163600 |
| TriMas Corp. | 46600 | 1674804 |
|  |  | 7397188 |
| **Diversified Consumer Services - 0.5%** | **Diversified Consumer Services - 0.5%** |  |
| H&R Block, Inc. | 84000 | 2666160 |
| Laureate Education, Inc. <sup>(a)</sup> | 39380 | 1371999 |
|  |  | 4038159 |
| **Electric Utilities - 0.6%** | **Electric Utilities - 0.6%** |  |
| Otter Tail Corp. | 19650 | 1724680 |
| Portland General Electric Co. | 64800 | 3419496 |
|  |  | 5144176 |
| **Electrical Equipment - 0.8%** | **Electrical Equipment - 0.8%** |  |
| Atkore, Inc. | 42000 | 2474220 |
| Sensata Technologies Holding PLC | 103800 | 3655836 |
| Thermon Group Holdings, Inc. <sup>(a)</sup> | 16700 | 841680 |
|  |  | 6971736 |
| **Electronic Equipment, Instruments & Components - 3.9%** | **Electronic Equipment, Instruments & Components - 3.9%** |  |
| Arrow Electronics, Inc. <sup>(a)</sup> | 19200 | 2753472 |
| Avnet, Inc. | 51800 | 3191916 |
| Crane NXT Co. | 64000 | 2597760 |
| ePlus, Inc. | 41300 | 3107825 |
| Ingram Micro Holding Corp. | 119300 | 2780883 |
| Insight Enterprises, Inc. <sup>(a)</sup> | 30900 | 2070609 |
| Itron, Inc. <sup>(a)</sup> | 26600 | 2384158 |
| Kimball Electronics, Inc. <sup>(a)</sup> | 73050 | 1730555 |
| Methode Electronics, Inc. | 192900 | 1064808 |
| PC Connection, Inc. | 13100 | 765826 |
| Sanmina Corp. <sup>(a)</sup> | 13605 | 1763752 |
| ScanSource, Inc. <sup>(a)</sup> | 69800 | 2533740 |
| Vishay Intertechnology, Inc. | 152426 | 2743668 |
| Vontier Corp. | 83900 | 2975933 |
|  |  | 32464905 |
| **Energy Equipment & Services - 4.6%** | **Energy Equipment & Services - 4.6%** |  |
| Cactus, Inc. - Class A | 45300 | 2145861 |
| Core Laboratories, Inc. | 45400 | 762266 |
| Expro Group Holdings NV <sup>(a)</sup> | 237463 | 4134231 |
| Helix Energy Solutions Group, Inc. <sup>(a)</sup> | 263700 | 2607993 |
| Innovex International, Inc. <sup>(a)</sup> | 104000 | 2536560 |
| National Energy Services Reunited Corp. <sup>(a)</sup> | 35230 | 756388 |
| Noble Corp. PLC | 39200 | 1923544 |
| NOV, Inc. | 178600 | 3359466 |
| Oil States International, Inc. <sup>(a)</sup> | 274700 | 3197508 |
| ProFrac Holding Corp. - Class A <sup>(a)</sup> | 258700 | 1603940 |
| ProPetro Holding Corp. <sup>(a)</sup> | 276500 | 3984365 |
| RPC, Inc. | 395800 | 2802264 |
| Select Water Solutions, Inc. | 138900 | 2125170 |
| Tidewater, Inc. <sup>(a)</sup> | 15800 | 1320090 |
| Valaris Ltd. <sup>(a)</sup> | 19100 | 1872564 |
| Weatherford International PLC | 28700 | 2714446 |
|  |  | 37846656 |
| **Financial Services - 3.7%** | **Financial Services - 3.7%** |  |
| Cass Information Systems, Inc. | 21600 | 950832 |
| Enact Holdings, Inc. | 95100 | 3881031 |
| Essent Group Ltd. | 50970 | 2978687 |
| Euronet Worldwide, Inc. <sup>(a)</sup> | 48300 | 3205671 |
| International Money Express, Inc. <sup>(a)</sup> | 87700 | 1385660 |
| Merchants Bancorp | 75900 | 3256869 |
| MGIC Investment Corp. | 50530 | 1326412 |
| NMI Holdings, Inc. - Class A <sup>(a)</sup> | 89070 | 3341016 |
| Radian Group, Inc. | 104100 | 3443628 |
| Voya Financial, Inc. | 31500 | 2152080 |
| Walker & Dunlop, Inc. | 27400 | 1216012 |
| WEX, Inc. <sup>(a)</sup> | 21300 | 3259752 |
|  |  | 30397650 |
| **Food Products - 1.8%** | **Food Products - 1.8%** |  |
| B&G Foods, Inc. <sup>(b)</sup> | 272500 | 1310725 |
| Calavo Growers, Inc. | 98700 | 2545473 |
| Flowers Foods, Inc. | 265400 | 2163010 |
| John B Sanfilippo & Son, Inc. | 37100 | 2943143 |
| Lamb Weston Holdings, Inc. | 70900 | 2996234 |
| Simply Good Foods Co. <sup>(a)</sup> | 198200 | 2844170 |
|  |  | 14802755 |
| **Gas Utilities - 1.6%** | **Gas Utilities - 1.6%** |  |
| New Jersey Resources Corp. | 67300 | 3696116 |
| Northwest Natural Holding Co. | 74000 | 3938280 |
| ONE Gas, Inc. | 29800 | 2566674 |
| Spire, Inc. | 37273 | 3374697 |
|  |  | 13575767 |
| **Ground Transportation - 0.7%** | **Ground Transportation - 0.7%** |  |
| Landstar System, Inc. | 23700 | 3799347 |
| Schneider National, Inc. - Class B | 70500 | 1858380 |
|  |  | 5657727 |
| **Health Care Equipment & Supplies - 1.6%** | **Health Care Equipment & Supplies - 1.6%** |  |
| CONMED Corp. | 80300 | 2839408 |
| Inmode Ltd. <sup>(a)</sup> | 193300 | 2644344 |
| Lantheus Holdings, Inc. <sup>(a)</sup> | 43900 | 3329815 |
| LivaNova PLC <sup>(a)</sup> | 50900 | 3235204 |
| Utah Medical Products, Inc. | 21800 | 1351382 |
|  |  | 13400153 |
| **Health Care Providers & Services - 1.6%** | **Health Care Providers & Services - 1.6%** |  |
| Acadia Healthcare Co., Inc. <sup>(a)</sup> | 103800 | 2427882 |
| Ardent Health, Inc. <sup>(a)</sup> | 124000 | 1061440 |
| Astrana Health, Inc. <sup>(a)</sup> | 132900 | 3258708 |
| Concentra Group Holdings Parent, Inc. | 118131 | 2533910 |
| Molina Healthcare, Inc. <sup>(a)</sup> | 25200 | 3359160 |
| National Research Corp. | 55800 | 947484 |
|  |  | 13588584 |
| **Hotels, Restaurants & Leisure - 4.0%** | **Hotels, Restaurants & Leisure - 4.0%** |  |
| Accel Entertainment, Inc. <sup>(a)</sup> | 232100 | 2532211 |
| Boyd Gaming Corp. | 18800 | 1544984 |
| Brightstar Lottery PLC | 253800 | 3233412 |
| Churchill Downs, Inc. | 29100 | 2614053 |
| El Pollo Loco Holdings, Inc. <sup>(a)</sup> | 147000 | 2037420 |
| Hilton Grand Vacations, Inc. <sup>(a)</sup> | 73000 | 2855760 |
| Marriott Vacations Worldwide Corp. | 58600 | 3816032 |
| Monarch Casino & Resort, Inc. | 8500 | 812600 |
| Nathan's Famous, Inc. | 17000 | 1712410 |
| Portillo's, Inc. - Class A <sup>(a)</sup> | 152700 | 807783 |
| Travel + Leisure Co. | 46900 | 3245011 |
| United Parks & Resorts, Inc. <sup>(a)</sup> | 61700 | 2015122 |
| Vail Resorts, Inc. <sup>(b)</sup> | 24800 | 3182336 |
| Wendy's Co. <sup>(b)</sup> | 423600 | 2944020 |
|  |  | 33353154 |
| **Household Durables - 0.9%** | **Household Durables - 0.9%** |  |
| Century Communities, Inc. | 8700 | 499206 |
| Green Brick Partners, Inc. <sup>(a)</sup> | 10900 | 702505 |
| Helen of Troy Ltd. <sup>(a)</sup> | 99700 | 1437674 |
| KB Home | 11200 | 579600 |
| Legacy Housing Corp. <sup>(a)</sup> | 26000 | 531180 |
| Leggett & Platt, Inc. | 150400 | 1485952 |
| M/I Homes, Inc. <sup>(a)</sup> | 5900 | 722455 |
| Tri Pointe Homes, Inc. <sup>(a)</sup> | 36817 | 1720458 |
|  |  | 7679030 |
| **Household Products - 0.7%** | **Household Products - 0.7%** |  |
| Central Garden & Pet Co. <sup>(a)</sup> | 42200 | 1551694 |
| Energizer Holdings, Inc. | 64000 | 1050880 |
| Reynolds Consumer Products, Inc. | 141000 | 2986380 |
|  |  | 5588954 |
| **Insurance - 3.0%** | **Insurance - 3.0%** |  |
| Assured Guaranty Ltd. | 20530 | 1672784 |
| CNO Financial Group, Inc. | 78966 | 3242344 |
| Employers Holdings, Inc. | 37705 | 1551184 |
| F&G Annuities & Life, Inc. | 89500 | 2266140 |
| Hanover Insurance Group, Inc. | 13600 | 2357560 |
| Horace Mann Educators Corp. | 59214 | 2527254 |
| Kemper Corp. | 105300 | 3217968 |
| Lincoln National Corp. | 61450 | 2181475 |
| Stewart Information Services Corp. | 33590 | 2068472 |
| White Mountains Insurance Group Ltd. | 1500 | 3295440 |
|  |  | 24380621 |
| **IT Services - 0.7%** | **IT Services - 0.7%** |  |
| Amdocs Ltd. | 50000 | 3263000 |
| ASGN, Inc. <sup>(a)</sup> | 64400 | 2492924 |
|  |  | 5755924 |
| **Leisure Products - 1.2%** | **Leisure Products - 1.2%** |  |
| Brunswick Corp. | 43200 | 3143232 |
| JAKKS Pacific, Inc. | 90400 | 1800768 |
| Mattel, Inc. <sup>(a)</sup> | 89000 | 1293170 |
| Polaris, Inc. | 34000 | 1853000 |
| YETI Holdings, Inc. <sup>(a)</sup> | 47300 | 1730707 |
|  |  | 9820877 |
| **Machinery - 3.1%** | **Machinery - 3.1%** |  |
| Albany International Corp. - Class A | 42700 | 2229367 |
| Atmus Filtration Technologies, Inc. | 39840 | 2261717 |
| Blue Bird Corp. <sup>(a)</sup> | 43400 | 2464686 |
| Columbus McKinnon Corp. | 186800 | 2714204 |
| Douglas Dynamics, Inc. | 50800 | 2138172 |
| Greenbrier Cos., Inc. | 59500 | 3132675 |
| L B Foster Co. - Class A <sup>(a)</sup> | 43500 | 1213650 |
| Lindsay Corp. | 19100 | 2274237 |
| Miller Industries, Inc. | 33530 | 1527291 |
| Tennant Co. | 30000 | 1992000 |
| Timken Co. | 32300 | 3248411 |
|  |  | 25196410 |
| **Marine Transportation - 0.3%** | **Marine Transportation - 0.3%** |  |
| Matson, Inc. | 15400 | 2524676 |
| **Media - 1.2%** | **Media - 1.2%** |  |
| Emerald Holding, Inc. | 150700 | 679657 |
| Ibotta, Inc. - Class A <sup>(a)(b)</sup> | 40100 | 1201797 |
| National CineMedia, Inc. | 553100 | 1686955 |
| Stagwell, Inc. <sup>(a)</sup> | 487300 | 3065117 |
| WPP PLC - ADR <sup>(b)</sup> | 191300 | 2974715 |
|  |  | 9608241 |
| **Metals & Mining - 0.4%** | **Metals & Mining - 0.4%** |  |
| Kaiser Aluminum Corp. | 29600 | 3567096 |
| **Multi-Utilities - 1.2%** | **Multi-Utilities - 1.2%** |  |
| Avista Corp. | 86361 | 3466531 |
| Black Hills Corp. | 46300 | 3213683 |
| Northwestern Energy Group, Inc. | 24600 | 1622124 |
| Unitil Corp. | 27300 | 1426152 |
|  |  | 9728490 |
| **Oil, Gas & Consumable Fuels - 7.7%** | **Oil, Gas & Consumable Fuels - 7.7%** |  |
| Baytex Energy Corp. | 861732 | 3851942 |
| California Resources Corp. | 45090 | 3121130 |
| Crescent Energy Co. - Class A | 342059 | 4617796 |
| CVR Energy, Inc. <sup>(a)</sup> | 93200 | 3136180 |
| Delek US Holdings, Inc. | 73000 | 3290110 |
| Excelerate Energy, Inc. - Class A | 61170 | 2044301 |
| Kinetik Holdings, Inc. <sup>(b)</sup> | 62500 | 3025625 |
| Kosmos Energy Ltd. <sup>(a)</sup> | 1617013 | 4495296 |
| Murphy Oil Corp. | 115000 | 4743750 |
| NextDecade Corp. <sup>(a)</sup> | 517350 | 3962901 |
| Northern Oil & Gas, Inc. | 100100 | 2925923 |
| Par Pacific Holdings, Inc. <sup>(a)</sup> | 59400 | 3720816 |
| PBF Energy, Inc. - Class A | 90440 | 4306753 |
| REX American Resources Corp. <sup>(a)</sup> | 77210 | 3518460 |
| SM Energy Co. | 144600 | 4508628 |
| Talos Energy, Inc. <sup>(a)</sup> | 202300 | 3188248 |
| VAALCO Energy, Inc. | 526800 | 3339912 |
| World Kinect Corp. | 96024 | 2215274 |
|  |  | 64013045 |
| **Paper & Forest Products - 0.2%** | **Paper & Forest Products - 0.2%** |  |
| Sylvamo Corp. | 31200 | 1317888 |
| **Personal Care Products - 1.0%** | **Personal Care Products - 1.0%** |  |
| BellRing Brands, Inc. <sup>(a)</sup> | 189100 | 3042619 |
| Edgewell Personal Care Co. | 70700 | 1508738 |
| Herbalife Ltd. <sup>(a)</sup> | 51600 | 759552 |
| Interparfums, Inc. | 33900 | 3079476 |
|  |  | 8390385 |
| **Pharmaceuticals - 0.8%** | **Pharmaceuticals - 0.8%** |  |
| ANI Pharmaceuticals, Inc. <sup>(a)</sup> | 20800 | 1599520 |
| Organon & Co. | 352100 | 2109079 |
| Prestige Consumer Healthcare, Inc. <sup>(a)</sup> | 34500 | 2044815 |
| SIGA Technologies, Inc. | 218800 | 1170580 |
|  |  | 6923994 |
| **Professional Services - 3.7%** | **Professional Services - 3.7%** |  |
| Amentum Holdings, Inc. <sup>(a)</sup> | 85000 | 2216800 |
| CBIZ, Inc. <sup>(a)</sup> | 91500 | 2456775 |
| Forrester Research, Inc. <sup>(a)</sup> | 89200 | 504872 |
| Genpact Ltd. | 90600 | 3374850 |
| Insperity, Inc. | 68300 | 1846832 |
| Kforce, Inc. | 87000 | 2543880 |
| Korn Ferry | 27776 | 1748499 |
| ManpowerGroup, Inc. | 63100 | 1858926 |
| Maximus, Inc. | 32000 | 2051200 |
| Paycom Software, Inc. | 27900 | 3390966 |
| Resources Connection, Inc. | 225285 | 840313 |
| Robert Half, Inc. | 137300 | 3487420 |
| Science Applications International Corp. | 30000 | 2847600 |
| TrueBlue, Inc. <sup>(a)</sup> | 348800 | 1363808 |
|  |  | 30532741 |
| **Semiconductors & Semiconductor Equipment - 0.4%** | **Semiconductors & Semiconductor Equipment - 0.4%** |  |
| Photronics, Inc. <sup>(a)</sup> | 88200 | 3564162 |
| **Software - 1.2%** | **Software - 1.2%** |  |
| ACI Worldwide, Inc. <sup>(a)</sup> | 63000 | 2583630 |
| Dolby Laboratories, Inc. - Class A | 40300 | 2420418 |
| N-able, Inc. <sup>(a)</sup> | 330600 | 1543902 |
| Workiva, Inc. <sup>(a)</sup> | 58700 | 3500281 |
|  |  | 10048231 |
| **Specialty Retail - 2.8%** | **Specialty Retail - 2.8%** |  |
| Abercrombie & Fitch Co. - Class A <sup>(a)</sup> | 18200 | 1662934 |
| Academy Sports & Outdoors, Inc. | 15900 | 897555 |
| Arhaus, Inc. | 285200 | 1933656 |
| Asbury Automotive Group, Inc. <sup>(a)</sup> | 9854 | 1925570 |
| AutoNation, Inc. <sup>(a)</sup> | 17100 | 3338946 |
| Bath & Body Works, Inc. | 62000 | 1157540 |
| Group 1 Automotive, Inc. | 7688 | 2541883 |
| Haverty Furniture Cos., Inc. | 79500 | 1683810 |
| OneWater Marine, Inc. - Class A <sup>(a)</sup> | 100200 | 946890 |
| PetMed Express, Inc. <sup>(a)</sup> | 121400 | 276792 |
| Sonic Automotive, Inc. - Class A | 58450 | 4007917 |
| Upbound Group, Inc. | 171500 | 3095575 |
|  |  | 23469068 |
| **Textiles, Apparel & Luxury Goods - 1.8%** | **Textiles, Apparel & Luxury Goods - 1.8%** |  |
| Carter's, Inc. | 20900 | 747384 |
| Columbia Sportswear Co. | 29500 | 1616895 |
| Crocs, Inc. <sup>(a)</sup> | 34200 | 2839284 |
| G-III Apparel Group Ltd. | 76940 | 2131238 |
| Kontoor Brands, Inc. | 38300 | 2692107 |
| Oxford Industries, Inc. | 58300 | 2245133 |
| PVH Corp. | 12300 | 858048 |
| Steven Madden Ltd. | 48800 | 1655296 |
|  |  | 14785385 |
| **Trading Companies & Distributors - 1.8%** | **Trading Companies & Distributors - 1.8%** |  |
| Custom Truck One Source, Inc. <sup>(a)</sup> | 114800 | 754236 |
| DNOW, Inc. <sup>(a)</sup> | 106000 | 1262460 |
| Global Industrial Co. | 55757 | 1757461 |
| Herc Holdings, Inc. | 12600 | 1254330 |
| McGrath RentCorp | 8900 | 981492 |
| MSC Industrial Direct Co., Inc. - Class A | 37500 | 3460125 |
| Rush Enterprises, Inc. - Class A | 48700 | 3219557 |
| Titan Machinery, Inc. <sup>(a)</sup> | 132100 | 2208712 |
|  |  | 14898373 |
| **Water Utilities - 0.4%** | **Water Utilities - 0.4%** |  |
| Artesian Resources Corp. - Class A | 22700 | 722995 |
| H2O America <sup>(b)</sup> | 46900 | 2751623 |
|  |  | 3474618 |
| **TOTAL COMMON STOCKS** (Cost $744,311,632) | **TOTAL COMMON STOCKS** (Cost $744,311,632) | 778993335 |
| **REAL ESTATE INVESTMENT TRUSTS - 3.0%** | **Shares**  | **Value**  |
| **Diversified REITs - 0.3%** | **Diversified REITs - 0.3%** |  |
| American Assets Trust, Inc. | 136800 | 2518488 |
| **Health Care REITs - 0.2%** | **Health Care REITs - 0.2%** |  |
| Chiron Real Estate, Inc. | 46700 | 1544836 |
| **Hotel & Resort REITs - 0.9%** | **Hotel & Resort REITs - 0.9%** |  |
| DiamondRock Hospitality Co. | 194000 | 1817780 |
| Park Hotels & Resorts, Inc. <sup>(b)</sup> | 298000 | 3137940 |
| Pebblebrook Hotel Trust | 202000 | 2551260 |
|  |  | 7506980 |
| **Mortgage REITs - 0.8%** | **Mortgage REITs - 0.8%** |  |
| Apollo Commercial Real Estate Finance, Inc. | 134600 | 1421376 |
| Ares Commercial Real Estate Corp. | 280900 | 1348320 |
| BrightSpire Capital, Inc. | 293700 | 1644720 |
| Claros Mortgage Trust, Inc. <sup>(a)</sup> | 430400 | 1024352 |
| Granite Point Mortgage Trust, Inc. | 379400 | 550130 |
| Seven Hills Realty Trust | 47500 | 390450 |
|  |  | 6379348 |
| **Office REITs - 0.8%** | **Office REITs - 0.8%** |  |
| Douglas Emmett, Inc. | 233700 | 2201454 |
| Empire State Realty Trust, Inc. - Class A | 267500 | 1391000 |
| Vornado Realty Trust | 117800 | 3061622 |
|  |  | 6654076 |
| **TOTAL REAL ESTATE INVESTMENT TRUSTS** (Cost $30,567,002) | **TOTAL REAL ESTATE INVESTMENT TRUSTS** (Cost $30,567,002) | 24603728 |
| **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** |
| **MONEY MARKET FUNDS - 2.8%** | **Shares**  | **Value**  |
| First American Government Obligations Fund - Class X, 3.58% <sup>(c)</sup> | 23008590 | 23008590 |
| **TOTAL MONEY MARKET FUNDS** (Cost $23,008,590) | **TOTAL MONEY MARKET FUNDS** (Cost $23,008,590) | 23008590 |
| **INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 1.8%** | **Units**  | **Value**  |
| Mount Vernon Liquid Assets Portfolio, LLC, 3.78% <sup>(c)</sup> | 15106023 | 15106023 |
| **TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING** (Cost $15,106,023) | **TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING** (Cost $15,106,023) | 15106023 |
| **TOTAL INVESTMENTS - 101.8% (**Cost $812,993,247**)** | **TOTAL INVESTMENTS - 101.8% (**Cost $812,993,247**)** | 841711676 |
| Liabilities in Excess of Other Assets - (1.8)% | Liabilities in Excess of Other Assets - (1.8)% | (14909710) |
| **TOTAL NET ASSETS - 100.0%** |  | $826801966 |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. |  |

---

---

| |
|:---|
| ADR - American Depositary Receipt |
| LLC - Limited Liability Company |
| PLC - Public Limited Company |
| REIT - Real Estate Investment Trust<br>|
| The Global Industry Classification Standard (GICS<sup>®</sup>) was developed by MSCI, an independent provider of global indices and benchmark-related products and services, and Standard & Poor's (S&P), an independent international financial data and investment services company. The GICS methodology has been widely accepted as an industry analysis framework for investment research, portfolio management and asset allocation. The GICS structure consists of 11 sectors, 25 industry groups, 74 industries and 163 sub-industries. Each stock that is classified will have a coding at all four of these levels. |

---

(a) Non-income producing security.

(b) All or a portion of this security is on loan as of March 31, 2026. The fair value of these securities was $14,843,251.

(c) The rate shown represents the 7-day annualized yield as of March 31, 2026.

------

#### Summary of Fair Value Disclosure as of March 31, 2026 (Unaudited)
Hotchkis & Wiley Small Cap Diversified Value Fund (the "Fund") has adopted fair value accounting standards which establish a definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or valuation methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.

Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.

Level 3 - Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund's own assumptions about the assumptions a market participant would use in valuing the asset or liability, and based on the best information available.

The following is a summary of the fair valuation hierarchy of the Fund's securities as of March 31, 2026:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | $778993335 | $– | $– | $778993335 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Real Estate Investment Trusts | 24603728 | – | – | 24603728 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 23008590 | – | – | 23008590 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Investments Purchased with Proceeds from Securities Lending<sup>(a)</sup> | – | – | – | 15106023 |
| Total Investments | $826605653 | $– | $– | $841711676 |
| Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. |

---

(a) Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amount of
 $15,106,023 presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts listed 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:** HOTCHKIS & WILEY FUNDS/DE/

- **b. Investment Company Act file number:** 811-10487

- **c. CIK number of Registrant:** 0001145022

- **d. LEI of Registrant:** 549300DFU8YF1PWZ5A57

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

  - **Street Address 1:** 601 South Figueroa Street

  - **City:** Los Angeles

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 90017-5704

  - **Telephone number:** 213-430-1000

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

- **a. Name of Series:** Hotchkis and Wiley Small Cap Diversified Value Fund

- **b. EDGAR series identifier (if any):** S000045868

- **c. LEI of Series:** 54930003839YVROMGP37

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

- **a. Date of fiscal year-end:** 2026-06-30

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $842846000.97

**Total Liabilities:** $15827657.73

**Net Assets:** $827018343.24

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000142947 | 6.61%                | 1.19%                | -1.99%               |
| Class ID C000142948 | 6.50%                | 1.20%                | -2.01%               |
| Class ID C000205773 | 6.53%                | 1.27%                | -1.99%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-5218277.82             | $58945652.50                               |
| Month 2  | $35282454.04             | $-27310967.03                              |
| Month 3  | $-109202.08              | $-17592057.53                              |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Arhaus Inc                                | Arhaus Inc                                 | CUSIP: 04035M102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    285200 | NS      | $1933656.00   | 0.23%             |  |  |  | No            | 1                  | On Loan: No      |
| Associated Banc-Corp                      | Associated Banc-Corp                       | CUSIP: 045487105<br>LEI: 549300N3CIN473IW5094 | Long             | EC               | CORP              | US        |    120690 | NS      | $3121043.40   | 0.38%             |  |  |  | No            | 1                  | On Loan: No      |
| Banc of California Inc                    | Banc of California Inc                     | CUSIP: 05990K106<br>LEI: 549300ZKWUJDP6LJ1X87 | Long             | EC               | CORP              | US        |     84718 | NS      | $1489342.44   | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| Bath & Body Works Inc                     | Bath & Body Works Inc                      | CUSIP: 070830104<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | EC               | CORP              | US        |     62000 | NS      | $1157540.00   | 0.14%             |  |  |  | No            | 1                  | On Loan: No      |
| H&R Block Inc                             | H&R Block Inc                              | CUSIP: 093671105<br>LEI: 549300CE3KUCWLZBG404 | Long             | EC               | CORP              | US        |     84000 | NS      | $2666160.00   | 0.32%             |  |  |  | No            | 1                  | On Loan: No      |
| Boyd Gaming Corp                          | Boyd Gaming Corp                           | CUSIP: 103304101<br>LEI: 254900787YGRYS2A1Z35 | Long             | EC               | CORP              | US        |     18800 | NS      | $1544984.00   | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Cabot Corp                                | Cabot Corp                                 | CUSIP: 127055101<br>LEI: K05C0SER542GQ6VLRO68 | Long             | EC               | CORP              | US        |     10000 | NS      | $753100.00    | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| Capitol Federal Financial Inc             | Capitol Federal Financial Inc              | CUSIP: 14057J101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    468800 | NS      | $3342544.00   | 0.40%             |  |  |  | No            | 1                  | On Loan: No      |
| Cathay General Bancorp                    | Cathay General Bancorp                     | CUSIP: 149150104<br>LEI: 549300K1SLJ8C97H5L68 | Long             | EC               | CORP              | US        |     63332 | NS      | $3157733.52   | 0.38%             |  |  |  | No            | 1                  | On Loan: No      |
| Community Trust Bancorp Inc               | Community Trust Bancorp Inc                | CUSIP: 204149108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     25340 | NS      | $1538644.80   | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Crocs Inc                                 | Crocs Inc                                  | CUSIP: 227046109<br>LEI: 549300B0J6YCXD63OG72 | Long             | EC               | CORP              | US        |     34200 | NS      | $2839284.00   | 0.34%             |  |  |  | No            | 1                  | On Loan: No      |
| Custom Truck One Source Inc               | Custom Truck One Source Inc                | CUSIP: 23204X103<br>LEI: 2549008QOVAS9KBZ4E50 | Long             | EC               | CORP              | US        |    114800 | NS      | $754236.00    | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| DiamondRock Hospitality Co                | DiamondRock Hospitality Co                 | CUSIP: 252784301<br>LEI: 529900KKD4BPVBUAQ734 | Long             | EC               | CORP              | US        |    194000 | NS      | $1817780.00   | 0.22%             |  |  |  | No            | 1                  | On Loan: No      |
| Dime Community Bancshares Inc             | Dime Community Bancshares Inc              | CUSIP: 25432X102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    107600 | NS      | $3639032.00   | 0.44%             |  |  |  | No            | 1                  | On Loan: No      |
| Ecovyst Inc                               | Ecovyst Inc                                | CUSIP: 27923Q109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    292700 | NS      | $3764122.00   | 0.46%             |  |  |  | No            | 1                  | On Loan: No      |
| Edgewell Personal Care Co                 | Edgewell Personal Care Co                  | CUSIP: 28035Q102<br>LEI: 549300CY8QZDL4Z3RU59 | Long             | EC               | CORP              | US        |     70700 | NS      | $1508738.00   | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| First Busey Corp                          | First Busey Corp                           | CUSIP: 319383204<br>LEI: 549300X4ZNLYSX7GUY60 | Long             | EC               | CORP              | US        |    133151 | NS      | $3364725.77   | 0.41%             |  |  |  | No            | 1                  | On Loan: No      |
| First Mid Bancshares Inc                  | First Mid Bancshares Inc                   | CUSIP: 320866106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     43800 | NS      | $1804122.00   | 0.22%             |  |  |  | No            | 1                  | On Loan: No      |
| Flushing Financial Corp                   | Flushing Financial Corp                    | CUSIP: 343873105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    202318 | NS      | $3107604.48   | 0.38%             |  |  |  | No            | 1                  | On Loan: No      |
| HB Fuller Co                              | HB Fuller Co                               | CUSIP: 359694106<br>LEI: JSMX3Z5FOYM8V0Q52357 | Long             | EC               | CORP              | US        |     53400 | NS      | $3293712.00   | 0.40%             |  |  |  | No            | 1                  | On Loan: No      |
| Global Industrial Co                      | Global Industrial Co                       | CUSIP: 37892E102<br>LEI: 5493000GO8Z3HEWCGE46 | Long             | EC               | CORP              | US        |     55757 | NS      | $1757460.64   | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| Heritage Financial Corp/WA                | Heritage Financial Corp/WA                 | CUSIP: 42722X106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     68600 | NS      | $1783600.00   | 0.22%             |  |  |  | No            | 1                  | On Loan: No      |
| Hingham Institution For Saving            | Hingham Institution For Savings The        | CUSIP: 433323102<br>LEI: 2549009GDCGUR2T6KU55 | Long             | EC               | CORP              | US        |     10800 | NS      | $3087072.00   | 0.37%             |  |  |  | No            | 1                  | On Loan: —       |
| Independent Bank Corp/MI                  | Independent Bank Corp/MI                   | CUSIP: 453838609<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     46600 | NS      | $1551780.00   | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Ingram Micro Holding Corp                 | Ingram Micro Holding Corp                  | CUSIP: 457152106<br>LEI: 9845008639BC538AB065 | Long             | EC               | CORP              | US        |    119300 | NS      | $2780883.00   | 0.34%             |  |  |  | No            | 1                  | On Loan: No      |
| Interparfums Inc                          | Interparfums Inc                           | CUSIP: 458334109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     33900 | NS      | $3079476.00   | 0.37%             |  |  |  | No            | 1                  | On Loan: No      |
| Kforce Inc                                | Kforce Inc                                 | CUSIP: 493732101<br>LEI: 5493003RDQQDVXY2SK46 | Long             | EC               | CORP              | US        |     87000 | NS      | $2543880.00   | 0.31%             |  |  |  | No            | 1                  | On Loan: No      |
| Live Oak Bancshares Inc                   | Live Oak Bancshares Inc                    | CUSIP: 53803X105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     62700 | NS      | $2073489.00   | 0.25%             |  |  |  | No            | 1                  | On Loan: No      |
| Midland States Bancorp Inc                | Midland States Bancorp Inc                 | CUSIP: 597742105<br>LEI: 5493006RHXW9TTBWYC94 | Long             | EC               | CORP              | US        |    136900 | NS      | $3054239.00   | 0.37%             |  |  |  | No            | 1                  | On Loan: No      |
| MillerKnoll Inc                           | MillerKnoll Inc                            | CUSIP: 600544100<br>LEI: U98HXD3PNK7HYU2MU887 | Long             | EC               | CORP              | US        |     69400 | NS      | $1003524.00   | 0.12%             |  |  |  | No            | 1                  | On Loan: No      |
| Myers Industries Inc                      | Myers Industries Inc                       | CUSIP: 628464109<br>LEI: 549300I2H9XMVTCW4Q51 | Long             | EC               | CORP              | US        |    125600 | NS      | $2660208.00   | 0.32%             |  |  |  | No            | 1                  | On Loan: No      |
| National Research Corp                    | National Research Corp                     | CUSIP: 637372202<br>LEI: 549300FQIORB6GZCYT15 | Long             | EC               | CORP              | US        |     55800 | NS      | $947484.00    | 0.11%             |  |  |  | No            | 1                  | On Loan: No      |
| Flagstar Bank NA                          | Flagstar Bank NA                           | CUSIP: 649445400<br>LEI: SS1TRMSN6BRNMOREEV51 | Long             | EC               | CORP              | US        |    241600 | NS      | $3181872.00   | 0.38%             |  |  |  | No            | 1                  | On Loan: No      |
| Northeast Bank                            | Northeast Bank                             | CUSIP: 66405S100<br>LEI: 549300F0LV9TSW34E306 | Long             | EC               | CORP              | US        |     21200 | NS      | $2382244.00   | 0.29%             |  |  |  | No            | 1                  | On Loan: No      |
| Origin Bancorp Inc                        | Origin Bancorp Inc                         | CUSIP: 68621T102<br>LEI: 54930055DO2Z4KO3NB45 | Long             | EC               | CORP              | US        |     19400 | NS      | $804324.00    | 0.10%             |  |  |  | No            | 1                  | On Loan: No      |
| Otter Tail Corp                           | Otter Tail Corp                            | CUSIP: 689648103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19650 | NS      | $1724680.50   | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| PBF Energy Inc                            | PBF Energy Inc                             | CUSIP: 69318G106<br>LEI: 2549003PBEDCSZMZIY02 | Long             | EC               | CORP              | US        |     90440 | NS      | $4306752.80   | 0.52%             |  |  |  | No            | 1                  | On Loan: No      |
| Park Hotels & Resorts Inc                 | Park Hotels & Resorts Inc                  | CUSIP: 700517105<br>LEI: 5493005UZ5TQN0H6HS73 | Long             | EC               | CORP              | US        |    298000 | NS      | $3137940.00   | 0.38%             |  |  |  | No            | 1                  | On Loan: —       |
| Pebblebrook Hotel Trust                   | Pebblebrook Hotel Trust                    | CUSIP: 70509V100<br>LEI: 5493004Q1NNH6JXCSI52 | Long             | EC               | CORP              | US        |    202000 | NS      | $2551260.00   | 0.31%             |  |  |  | No            | 1                  | On Loan: No      |
| Peoples Financial Services Cor            | Peoples Financial Services Corp            | CUSIP: 711040105<br>LEI: 254900HXI30XMTDCGJ18 | Long             | EC               | CORP              | US        |      7600 | NS      | $405308.00    | 0.05%             |  |  |  | No            | 1                  | On Loan: No      |
| PetMed Express Inc                        | PetMed Express Inc                         | CUSIP: 716382106<br>LEI: 529900PGHW5ASJ1AZL48 | Long             | EC               | CORP              | US        |    124100 | NS      | $282948.00    | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| Preferred Bank/Los Angeles CA             | Preferred Bank/Los Angeles CA              | CUSIP: 740367404<br>LEI: 5493007K6HGI9G0ECX16 | Long             | EC               | CORP              | US        |     34840 | NS      | $3159639.60   | 0.38%             |  |  |  | No            | 1                  | On Loan: No      |
| S&T Bancorp Inc                           | S&T Bancorp Inc                            | CUSIP: 783859101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     38900 | NS      | $1627187.00   | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| ScanSource Inc                            | ScanSource Inc                             | CUSIP: 806037107<br>LEI: 7FHBAN017QDY4K2KP156 | Long             | EC               | CORP              | US        |     69800 | NS      | $2533740.00   | 0.31%             |  |  |  | No            | 1                  | On Loan: No      |
| Schneider National Inc                    | Schneider National Inc                     | CUSIP: 80689H102<br>LEI: 529900V6GZ6G6E3BLV72 | Long             | EC               | CORP              | US        |     70500 | NS      | $1858380.00   | 0.22%             |  |  |  | No            | 1                  | On Loan: No      |
| Science Applications Internati            | Science Applications International Corp    | CUSIP: 808625107<br>LEI: 549300LZPNZIXQGZPZ48 | Long             | EC               | CORP              | US        |     30000 | NS      | $2847600.00   | 0.34%             |  |  |  | No            | 1                  | On Loan: No      |
| Simmons First National Corp               | Simmons First National Corp                | CUSIP: 828730200<br>LEI: 549300IVR5AJKUVOGN05 | Long             | EC               | CORP              | US        |    120000 | NS      | $2334000.00   | 0.28%             |  |  |  | No            | 1                  | On Loan: No      |
| Southern Missouri Bancorp Inc             | Southern Missouri Bancorp Inc              | CUSIP: 843380106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     39500 | NS      | $2525630.00   | 0.31%             |  |  |  | No            | 1                  | On Loan: No      |
| Spire Inc                                 | Spire Inc                                  | CUSIP: 84857L101<br>LEI: 549300NXSY15DRY2R511 | Long             | EC               | CORP              | US        |     37273 | NS      | $3374697.42   | 0.41%             |  |  |  | No            | 1                  | On Loan: No      |
| Tri Pointe Homes Inc                      | Tri Pointe Homes Inc                       | CUSIP: 87265H109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     36817 | NS      | $1720458.41   | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| Talos Energy Inc                          | Talos Energy Inc                           | CUSIP: 87484T108<br>LEI: 549300OKFHZ84SFJFT95 | Long             | EC               | CORP              | US        |    202300 | NS      | $3188248.00   | 0.39%             |  |  |  | No            | 1                  | On Loan: No      |
| Thor Industries Inc                       | Thor Industries Inc                        | CUSIP: 885160101<br>LEI: 254900XZO1228PDSG060 | Long             | EC               | CORP              | US        |     30100 | NS      | $2404689.00   | 0.29%             |  |  |  | No            | 1                  | On Loan: No      |
| Tidewater Inc                             | Tidewater Inc                              | CUSIP: 88642R109<br>LEI: 2549000JA5GRUPLMUH98 | Long             | EC               | CORP              | US        |     15800 | NS      | $1320090.00   | 0.16%             |  |  |  | No            | 1                  | On Loan: No      |
| Titan Machinery Inc                       | Titan Machinery Inc                        | CUSIP: 88830R101<br>LEI: 549300835ZM8G0BT5C94 | Long             | EC               | CORP              | US        |    132100 | NS      | $2208712.00   | 0.27%             |  |  |  | No            | 1                  | On Loan: No      |
| Travel + Leisure Co                       | Travel + Leisure Co                        | CUSIP: 894164102<br>LEI: T4VNTWMFQ7JQB65L7T35 | Long             | EC               | CORP              | US        |     46900 | NS      | $3245011.00   | 0.39%             |  |  |  | No            | 1                  | On Loan: No      |
| TrustCo Bank Corp NY                      | TrustCo Bank Corp NY                       | CUSIP: 898349204<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     72952 | NS      | $3193838.56   | 0.39%             |  |  |  | No            | 1                  | On Loan: No      |
| Utah Medical Products Inc                 | Utah Medical Products Inc                  | CUSIP: 917488108<br>LEI: 5493002R27BBGV8DID60 | Long             | EC               | CORP              | US        |     21800 | NS      | $1351382.00   | 0.16%             |  |  |  | No            | 1                  | On Loan: No      |
| Walker & Dunlop Inc                       | Walker & Dunlop Inc                        | CUSIP: 93148P102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     27400 | NS      | $1216012.00   | 0.15%             |  |  |  | No            | 1                  | On Loan: No      |
| Workiva Inc                               | Workiva Inc                                | CUSIP: 98139A105<br>LEI: 529900RTOQ8GRWHY1O58 | Long             | EC               | CORP              | US        |     58700 | NS      | $3500281.00   | 0.42%             |  |  |  | No            | 1                  | On Loan: No      |
| LivaNova PLC                              | LivaNova PLC                               | CUSIP: N/A<br>LEI: 2138001K2FX6SHK2B339       | Long             | EC               | CORP              | GB        |     50900 | NS      | $3235204.00   | 0.39%             |  |  |  | No            | 1                  | On Loan: No      |
| Inmode Ltd                                | Inmode Ltd                                 | CUSIP: N/A<br>LEI: 984500DD95A35E9BD358       | Long             | EC               | CORP              | IL        |    193300 | NS      | $2644344.00   | 0.32%             |  |  |  | No            | 1                  | On Loan: No      |
| Finward Bancorp                           | Finward Bancorp                            | CUSIP: 31812F109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11300 | NS      | $410190.00    | 0.05%             |  |  |  | No            | 1                  | On Loan: No      |
| First Foundation Inc                      | First Foundation Inc                       | CUSIP: 32026V104<br>LEI: 254900TQZQ6LBCK77E82 | Long             | EC               | CORP              | US        |    538197 | NS      | $3175362.30   | 0.38%             |  |  |  | No            | 1                  | On Loan: No      |
| Fortune Brands Innovations Inc            | Fortune Brands Innovations Inc             | CUSIP: 34964C106<br>LEI: 54930032LHW54PQUJD44 | Long             | EC               | CORP              | US        |     64300 | NS      | $2505771.00   | 0.30%             |  |  |  | No            | 1                  | On Loan: No      |
| G-III Apparel Group Ltd                   | G-III Apparel Group Ltd                    | CUSIP: 36237H101<br>LEI: 529900O5KABM3R3SFM87 | Long             | EC               | CORP              | US        |     76940 | NS      | $2131238.00   | 0.26%             |  |  |  | No            | 1                  | On Loan: No      |
| Graphic Packaging Holding Co              | Graphic Packaging Holding Co               | CUSIP: 388689101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     90400 | NS      | $898576.00    | 0.11%             |  |  |  | No            | 1                  | On Loan: No      |
| Group 1 Automotive Inc                    | Group 1 Automotive Inc                     | CUSIP: 398905109<br>LEI: 549300US8QAZJLWYAF63 | Long             | EC               | CORP              | US        |      7688 | NS      | $2541883.44   | 0.31%             |  |  |  | No            | 1                  | On Loan: No      |
| Harley-Davidson Inc                       | Harley-Davidson Inc                        | CUSIP: 412822108<br>LEI: ZDNAWZWXIKMWI51R2A08 | Long             | EC               | CORP              | US        |    116900 | NS      | $2363718.00   | 0.29%             |  |  |  | No            | 1                  | On Loan: No      |
| Helix Energy Solutions Group I            | Helix Energy Solutions Group Inc           | CUSIP: 42330P107<br>LEI: 416AP2JOUTCWEGSOZW41 | Long             | EC               | CORP              | US        |    263700 | NS      | $2607993.00   | 0.32%             |  |  |  | No            | 1                  | On Loan: No      |
| Ibotta Inc                                | Ibotta Inc                                 | CUSIP: 451051106<br>LEI: 54930026OZD4IQ7YR615 | Long             | EC               | CORP              | US        |     40100 | NS      | $1201797.00   | 0.15%             |  |  |  | No            | 1                  | On Loan: —       |
| Innovex International Inc                 | Innovex International Inc                  | CUSIP: 457651107<br>LEI: 5299007REICYIJNMW197 | Long             | EC               | CORP              | US        |    104000 | NS      | $2536560.00   | 0.31%             |  |  |  | No            | 1                  | On Loan: No      |
| Insight Enterprises Inc                   | Insight Enterprises Inc                    | CUSIP: 45765U103<br>LEI: 529900S8991TYW6YP792 | Long             | EC               | CORP              | US        |     30900 | NS      | $2070609.00   | 0.25%             |  |  |  | No            | 1                  | On Loan: No      |
| JAKKS Pacific Inc                         | JAKKS Pacific Inc                          | CUSIP: 47012E403<br>LEI: 549300UEF3348JRXQ295 | Long             | EC               | CORP              | US        |     90400 | NS      | $1800768.00   | 0.22%             |  |  |  | No            | 1                  | On Loan: No      |
| Lamb Weston Holdings Inc                  | Lamb Weston Holdings Inc                   | CUSIP: 513272104<br>LEI: 5493005SMYID1D2OY946 | Long             | EC               | CORP              | US        |     70900 | NS      | $2996234.00   | 0.36%             |  |  |  | No            | 1                  | On Loan: No      |
| McGrath RentCorp                          | McGrath RentCorp                           | CUSIP: 580589109<br>LEI: 254900EUH6IPWFQ83445 | Long             | EC               | CORP              | US        |      8900 | NS      | $981492.00    | 0.12%             |  |  |  | No            | 1                  | On Loan: No      |
| Miller Industries Inc/TN                  | Miller Industries Inc/TN                   | CUSIP: 600551204<br>LEI: 549300F1O74SPUJ7UU94 | Long             | EC               | CORP              | US        |     33530 | NS      | $1527291.50   | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| National CineMedia Inc                    | National CineMedia Inc                     | CUSIP: 635309206<br>LEI: 5493000MOLIVSOGKEB48 | Long             | EC               | CORP              | US        |    553100 | NS      | $1686955.00   | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Navient Corp                              | Navient Corp                               | CUSIP: 63938C108<br>LEI: 54930067J0ZNOEBRW338 | Long             | EC               | CORP              | US        |    359360 | NS      | $2939564.80   | 0.36%             |  |  |  | No            | 1                  | On Loan: No      |
| Northeast Community Bancorp In            | Northeast Community Bancorp Inc            | CUSIP: 664121100<br>LEI: 5493007BRYL8596Q9L26 | Long             | EC               | CORP              | US        |     17300 | NS      | $411740.00    | 0.05%             |  |  |  | No            | 1                  | On Loan: No      |
| PVH Corp                                  | PVH Corp                                   | CUSIP: 693656100<br>LEI: 123WALMHY1GZXG2YDL90 | Long             | EC               | CORP              | US        |     12300 | NS      | $858048.00    | 0.10%             |  |  |  | No            | 1                  | On Loan: No      |
| Provident Financial Services I            | Provident Financial Services Inc           | CUSIP: 74386T105<br>LEI: 529900JOSO3SXEDVE477 | Long             | EC               | CORP              | US        |    161772 | NS      | $3423095.52   | 0.41%             |  |  |  | No            | 1                  | On Loan: No      |
| RBB Bancorp                               | RBB Bancorp                                | CUSIP: 74930B105<br>LEI: 549300A23FBFZNGET525 | Long             | EC               | CORP              | US        |     53027 | NS      | $1133186.99   | 0.14%             |  |  |  | No            | 1                  | On Loan: No      |
| Resideo Technologies Inc                  | Resideo Technologies Inc                   | CUSIP: 76118Y104<br>LEI: 5493006TKFPYISY2DS54 | Long             | EC               | CORP              | US        |     51910 | NS      | $1749886.10   | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| Herbalife Ltd                             | Herbalife Ltd                              | CUSIP: N/A<br>LEI: 549300BA7TYPBSZZIA41       | Long             | EC               | CORP              | US        |     51600 | NS      | $759552.00    | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| Albany International Corp                 | Albany International Corp                  | CUSIP: 012348108<br>LEI: L73WCPNCZIRSQGZTW097 | Long             | EC               | CORP              | US        |     42700 | NS      | $2229367.00   | 0.27%             |  |  |  | No            | 1                  | On Loan: No      |
| Amerant Bancorp Inc                       | Amerant Bancorp Inc                        | CUSIP: 023576101<br>LEI: 54930071V6LIG79MTL10 | Long             | EC               | CORP              | US        |    118900 | NS      | $2620556.00   | 0.32%             |  |  |  | No            | 1                  | On Loan: No      |
| Civista Bancshares Inc                    | Civista Bancshares Inc                     | CUSIP: 178867107<br>LEI: 5493001LX61Z2UVYSC48 | Long             | EC               | CORP              | US        |     70500 | NS      | $1606695.00   | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Columbus McKinnon Corp/NY                 | Columbus McKinnon Corp/NY                  | CUSIP: 199333105<br>LEI: 549300W3HQB0HO1F3G69 | Long             | EC               | CORP              | US        |    186800 | NS      | $2714204.00   | 0.33%             |  |  |  | No            | 1                  | On Loan: No      |
| 1st Source Corp                           | 1st Source Corp                            | CUSIP: 336901103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     38866 | NS      | $2689915.86   | 0.33%             |  |  |  | No            | 1                  | On Loan: No      |
| Lincoln National Corp                     | Lincoln National Corp                      | CUSIP: 534187109<br>LEI: EFQMQROEDSNBRIP7LE47 | Long             | EC               | CORP              | US        |     61450 | NS      | $2181475.00   | 0.26%             |  |  |  | No            | 1                  | On Loan: No      |
| PC Connection Inc                         | PC Connection Inc                          | CUSIP: 69318J100<br>LEI: 5299005WPRNIXDV2KM73 | Long             | EC               | CORP              | US        |     13100 | NS      | $765826.00    | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| Portillo's Inc                            | Portillo's Inc                             | CUSIP: 73642K106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    152700 | NS      | $807783.00    | 0.10%             |  |  |  | No            | 1                  | On Loan: No      |
| RPC Inc                                   | RPC Inc                                    | CUSIP: 749660106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    395800 | NS      | $2802264.00   | 0.34%             |  |  |  | No            | 1                  | On Loan: No      |
| Reynolds Consumer Products Inc            | Reynolds Consumer Products Inc             | CUSIP: 76171L106<br>LEI: 894500ZQLNYY77S80A06 | Long             | EC               | CORP              | US        |    141000 | NS      | $2986380.00   | 0.36%             |  |  |  | No            | 1                  | On Loan: No      |
| Kinetik Holdings Inc                      | Kinetik Holdings Inc                       | CUSIP: 02215L209<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     62500 | NS      | $3025625.00   | 0.37%             |  |  |  | No            | 1                  | On Loan: —       |
| CNB Financial Corp/PA                     | CNB Financial Corp/PA                      | CUSIP: 126128107<br>LEI: 254900RUYUOKD91VNX69 | Long             | EC               | CORP              | US        |     85600 | NS      | $2478976.00   | 0.30%             |  |  |  | No            | 1                  | On Loan: No      |
| CNO Financial Group Inc                   | CNO Financial Group Inc                    | CUSIP: 12621E103<br>LEI: 11XPYHB76MPM4Y4P2897 | Long             | EC               | CORP              | US        |     78966 | NS      | $3242343.96   | 0.39%             |  |  |  | No            | 1                  | On Loan: No      |
| Century Communities Inc                   | Century Communities Inc                    | CUSIP: 156504300<br>LEI: 5299002QMB2O7ZL1CA26 | Long             | EC               | CORP              | US        |      8700 | NS      | $499206.00    | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| Columbia Sportswear Co                    | Columbia Sportswear Co                     | CUSIP: 198516106<br>LEI: 549300OTMCIEUXAH5Z60 | Long             | EC               | CORP              | US        |     29500 | NS      | $1616895.00   | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Ennis Inc                                 | Ennis Inc                                  | CUSIP: 293389102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     41500 | NS      | $888930.00    | 0.11%             |  |  |  | No            | 1                  | On Loan: No      |
| ePlus Inc                                 | ePlus Inc                                  | CUSIP: 294268107<br>LEI: 529900FFY8AAFJ21NE91 | Long             | EC               | CORP              | US        |     41300 | NS      | $3107825.00   | 0.38%             |  |  |  | No            | 1                  | On Loan: No      |
| Excelerate Energy Inc                     | Excelerate Energy Inc                      | CUSIP: 30069T101<br>LEI: 254900J6DPU4HB368I65 | Long             | EC               | CORP              | US        |     61170 | NS      | $2044301.40   | 0.25%             |  |  |  | No            | 1                  | On Loan: No      |
| F&G Annuities & Life Inc                  | F&G Annuities & Life Inc                   | CUSIP: 30190A104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     89500 | NS      | $2266140.00   | 0.27%             |  |  |  | No            | 1                  | On Loan: No      |
| Farmers National Banc Corp                | Farmers National Banc Corp                 | CUSIP: 309627107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    126571 | NS      | $1665674.36   | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Financial Institutions Inc                | Financial Institutions Inc                 | CUSIP: 317585404<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     51351 | NS      | $1628340.21   | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| First Internet Bancorp                    | First Internet Bancorp                     | CUSIP: 320557101<br>LEI: 549300T25MP2M92XU194 | Long             | EC               | CORP              | US        |     34289 | NS      | $698809.82    | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| First Merchants Corp                      | First Merchants Corp                       | CUSIP: 320817109<br>LEI: TZTBT0OTGQ2FEK6XMX94 | Long             | EC               | CORP              | US        |     86402 | NS      | $3346349.46   | 0.40%             |  |  |  | No            | 1                  | On Loan: No      |
| Forrester Research Inc                    | Forrester Research Inc                     | CUSIP: 346563109<br>LEI: 549300UUSFXYLJ80Z897 | Long             | EC               | CORP              | US        |     89200 | NS      | $504872.00    | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| Granite Point Mortgage Trust I            | Granite Point Mortgage Trust Inc           | CUSIP: 38741L107<br>LEI: 529900VX2HQZ76AYIE02 | Long             | EC               | CORP              | US        |    379400 | NS      | $550130.00    | 0.07%             |  |  |  | No            | 1                  | On Loan: No      |
| Herc Holdings Inc                         | Herc Holdings Inc                          | CUSIP: 42704L104<br>LEI: 549300TP80QLITMSBP82 | Long             | EC               | CORP              | US        |     12600 | NS      | $1254330.00   | 0.15%             |  |  |  | No            | 1                  | On Loan: No      |
| Hilltop Holdings Inc                      | Hilltop Holdings Inc                       | CUSIP: 432748101<br>LEI: 54930010TA543US0PM65 | Long             | EC               | CORP              | US        |     87500 | NS      | $3134250.00   | 0.38%             |  |  |  | No            | 1                  | On Loan: No      |
| Hilton Grand Vacations Inc                | Hilton Grand Vacations Inc                 | CUSIP: 43283X105<br>LEI: 549300O9K6MFD8D07574 | Long             | EC               | CORP              | US        |     73000 | NS      | $2855760.00   | 0.35%             |  |  |  | No            | 1                  | On Loan: No      |
| Crescent Energy Co                        | Crescent Energy Co                         | CUSIP: 44952J104<br>LEI: 254900FBNP5A21Q39U97 | Long             | EC               | CORP              | US        |    342059 | NS      | $4617796.50   | 0.56%             |  |  |  | No            | 1                  | On Loan: No      |
| Innospec Inc                              | Innospec Inc                               | CUSIP: 45768S105<br>LEI: 213800SQBACNY5IWJO68 | Long             | EC               | CORP              | US        |     26800 | NS      | $1956936.00   | 0.24%             |  |  |  | No            | 1                  | On Loan: No      |
| Insperity Inc                             | Insperity Inc                              | CUSIP: 45778Q107<br>LEI: 5299000Q0KW7HY5DB751 | Long             | EC               | CORP              | US        |     68300 | NS      | $1846832.00   | 0.22%             |  |  |  | No            | 1                  | On Loan: No      |
| Janus International Group Inc             | Janus International Group Inc              | CUSIP: 47103N106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    338400 | NS      | $1742760.00   | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| KB Home                                   | KB Home                                    | CUSIP: 48666K109<br>LEI: 549300LGUCWQURMWLG09 | Long             | EC               | CORP              | US        |     11200 | NS      | $579600.00    | 0.07%             |  |  |  | No            | 1                  | On Loan: No      |
| Kearny Financial Corp/MD                  | Kearny Financial Corp/MD                   | CUSIP: 48716P108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    312700 | NS      | $2360885.00   | 0.29%             |  |  |  | No            | 1                  | On Loan: No      |
| Kemper Corp                               | Kemper Corp                                | CUSIP: 488401100<br>LEI: 549300FNI1JKTRY2PV09 | Long             | EC               | CORP              | US        |    105300 | NS      | $3217968.00   | 0.39%             |  |  |  | No            | 1                  | On Loan: No      |
| Landstar System Inc                       | Landstar System Inc                        | CUSIP: 515098101<br>LEI: 254900CUQXQRL09MEI52 | Long             | EC               | CORP              | US        |     23700 | NS      | $3799347.00   | 0.46%             |  |  |  | No            | 1                  | On Loan: No      |
| Laureate Education Inc                    | Laureate Education Inc                     | CUSIP: 518613203<br>LEI: 5JL7TMOH5TY3IUYSUP91 | Long             | EC               | CORP              | US        |     39380 | NS      | $1371999.20   | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| Legacy Housing Corp                       | Legacy Housing Corp                        | CUSIP: 52472M101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     26000 | NS      | $531180.00    | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| M/I Homes Inc                             | M/I Homes Inc                              | CUSIP: 55305B101<br>LEI: 5299005M71FH9CCSFB69 | Long             | EC               | CORP              | US        |      5900 | NS      | $722455.00    | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| Marriott Vacations Worldwide C            | Marriott Vacations Worldwide Corp          | CUSIP: 57164Y107<br>LEI: 549300WA6BT5H4F7IO94 | Long             | EC               | CORP              | US        |     58600 | NS      | $3816032.00   | 0.46%             |  |  |  | No            | 1                  | On Loan: No      |
| Mercantile Bank Corp                      | Mercantile Bank Corp                       | CUSIP: 587376104<br>LEI: P16VZZCKTJ5IONL6XE37 | Long             | EC               | CORP              | US        |     47240 | NS      | $2385620.00   | 0.29%             |  |  |  | No            | 1                  | On Loan: No      |
| Monarch Casino & Resort Inc               | Monarch Casino & Resort Inc                | CUSIP: 609027107<br>LEI: 549300AK5FF7KY11V997 | Long             | EC               | CORP              | US        |      8500 | NS      | $812600.00    | 0.10%             |  |  |  | No            | 1                  | On Loan: No      |
| Northwestern Energy Group Inc             | Northwestern Energy Group Inc              | CUSIP: 668074305<br>LEI: 254900N1WG46G1VMDM34 | Long             | EC               | CORP              | US        |     24600 | NS      | $1622124.00   | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Oxford Industries Inc                     | Oxford Industries Inc                      | CUSIP: 691497309<br>LEI: IDZ20O0XD3GS4UOI2L88 | Long             | EC               | CORP              | US        |     58300 | NS      | $2245133.00   | 0.27%             |  |  |  | No            | 1                  | On Loan: No      |
| Par Pacific Holdings Inc                  | Par Pacific Holdings Inc                   | CUSIP: 69888T207<br>LEI: 549300BTNS7MHSHRLR55 | Long             | EC               | CORP              | US        |     59400 | NS      | $3720816.00   | 0.45%             |  |  |  | No            | 1                  | On Loan: No      |
| Peapack-Gladstone Financial Co            | Peapack-Gladstone Financial Corp           | CUSIP: 704699107<br>LEI: 549300G8DN2UK8K0ET30 | Long             | EC               | CORP              | US        |     58500 | NS      | $2059785.00   | 0.25%             |  |  |  | No            | 1                  | On Loan: No      |
| SIGA Technologies Inc                     | SIGA Technologies Inc                      | CUSIP: 826917106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    218800 | NS      | $1170580.00   | 0.14%             |  |  |  | No            | 1                  | On Loan: No      |
| Sonic Automotive Inc                      | Sonic Automotive Inc                       | CUSIP: 83545G102<br>LEI: 549300NTLRGJ2JCBZU03 | Long             | EC               | CORP              | US        |     58450 | NS      | $4007916.50   | 0.48%             |  |  |  | No            | 1                  | On Loan: No      |
| Sonoco Products Co                        | Sonoco Products Co                         | CUSIP: 835495102<br>LEI: GKOMIK4RDJGHEF0VNP11 | Long             | EC               | CORP              | US        |     40000 | NS      | $2163600.00   | 0.26%             |  |  |  | No            | 1                  | On Loan: No      |
| TrueBlue Inc                              | TrueBlue Inc                               | CUSIP: 89785X101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    348800 | NS      | $1363808.00   | 0.16%             |  |  |  | No            | 1                  | On Loan: No      |
| Vornado Realty Trust                      | Vornado Realty Trust                       | CUSIP: 929042109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    117800 | NS      | $3061622.00   | 0.37%             |  |  |  | No            | 1                  | On Loan: No      |
| Noble Corp PLC                            | Noble Corp PLC                             | CUSIP: N/A<br>LEI: 549300I3HBUNXO0OG954       | Long             | EC               | CORP              | US        |     39200 | NS      | $1923544.00   | 0.23%             |  |  |  | No            | 1                  | On Loan: No      |
| Beacon Financial Corp                     | Beacon Financial Corp                      | CUSIP: 084680107<br>LEI: 549300AS2OC6UMMBNO37 | Long             | EC               | CORP              | US        |    128317 | NS      | $3849510.00   | 0.47%             |  |  |  | No            | 1                  | On Loan: No      |
| Black Hills Corp                          | Black Hills Corp                           | CUSIP: 092113109<br>LEI: 3MGELCRSTNSAMJ962671 | Long             | EC               | CORP              | US        |     46300 | NS      | $3213683.00   | 0.39%             |  |  |  | No            | 1                  | On Loan: No      |
| Blue Bird Corp                            | Blue Bird Corp                             | CUSIP: 095306106<br>LEI: 5493004ZXJUUWQ65ER59 | Long             | EC               | CORP              | US        |     43400 | NS      | $2464686.00   | 0.30%             |  |  |  | No            | 1                  | On Loan: No      |
| CBIZ Inc                                  | CBIZ Inc                                   | CUSIP: 124805102<br>LEI: 529900D5X8CFM8O1N813 | Long             | EC               | CORP              | US        |     91500 | NS      | $2456775.00   | 0.30%             |  |  |  | No            | 1                  | On Loan: No      |
| ConnectOne Bancorp Inc                    | ConnectOne Bancorp Inc                     | CUSIP: 20786W107<br>LEI: 549300E2M5ZYAZKUK134 | Long             | EC               | CORP              | US        |    136034 | NS      | $3641630.18   | 0.44%             |  |  |  | No            | 1                  | On Loan: No      |
| N-able Inc/US                             | N-able Inc/US                              | CUSIP: 62878D100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    330600 | NS      | $1543902.00   | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Organon & Co                              | Organon & Co                               | CUSIP: 68622V106<br>LEI: 549300AMCKY57OK2CO56 | Long             | EC               | CORP              | US        |    352100 | NS      | $2109079.00   | 0.26%             |  |  |  | No            | 1                  | On Loan: No      |
| Paycom Software Inc                       | Paycom Software Inc                        | CUSIP: 70432V102<br>LEI: 254900LSB0HNJUDC6Q18 | Long             | EC               | CORP              | US        |     27900 | NS      | $3390966.00   | 0.41%             |  |  |  | No            | 1                  | On Loan: No      |
| Prestige Consumer Healthcare I            | Prestige Consumer Healthcare Inc           | CUSIP: 74112D101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     34500 | NS      | $2044815.00   | 0.25%             |  |  |  | No            | 1                  | On Loan: No      |
| ProFrac Holding Corp                      | ProFrac Holding Corp                       | CUSIP: 74319N100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    258700 | NS      | $1603940.00   | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| SM Energy Co                              | SM Energy Co                               | CUSIP: 78454L100<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | EC               | CORP              | US        |    144600 | NS      | $4508628.00   | 0.55%             |  |  |  | No            | 1                  | On Loan: No      |
| Select Water Solutions Inc                | Select Water Solutions Inc                 | CUSIP: 81617J301<br>LEI: 54930094OK8LA3QDW486 | Long             | EC               | CORP              | US        |    138900 | NS      | $2125170.00   | 0.26%             |  |  |  | No            | 1                  | On Loan: No      |
| Seven Hills Realty Trust                  | Seven Hills Realty Trust                   | CUSIP: 81784E101<br>LEI: 549300ESBDZ3SA3OEX38 | Long             | EC               | CORP              | US        |     47500 | NS      | $390450.00    | 0.05%             |  |  |  | No            | 1                  | On Loan: No      |
| Shore Bancshares Inc                      | Shore Bancshares Inc                       | CUSIP: 825107105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     72112 | NS      | $1347052.16   | 0.16%             |  |  |  | No            | 1                  | On Loan: No      |
| Simply Good Foods Co/The                  | Simply Good Foods Co/The                   | CUSIP: 82900L102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    198200 | NS      | $2844170.00   | 0.34%             |  |  |  | No            | 1                  | On Loan: No      |
| Southern First Bancshares Inc             | Southern First Bancshares Inc              | CUSIP: 842873101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     29100 | NS      | $1585950.00   | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Thermon Group Holdings Inc                | Thermon Group Holdings Inc                 | CUSIP: 88362T103<br>LEI: 529900ZNZBBLDE77MZ38 | Long             | EC               | CORP              | US        |     16700 | NS      | $841680.00    | 0.10%             |  |  |  | No            | 1                  | On Loan: No      |
| Towne Bank/Portsmouth VA                  | Towne Bank/Portsmouth VA                   | CUSIP: 89214P109<br>LEI: 54930039UO39UJGI7078 | Long             | EC               | CORP              | US        |     23300 | NS      | $784511.00    | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| National Energy Services Reuni            | National Energy Services Reunited Corp     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     35230 | NS      | $756388.10    | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| Bank of Marin Bancorp                     | Bank of Marin Bancorp                      | CUSIP: 063425102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     69000 | NS      | $1768470.00   | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| John B Sanfilippo & Son Inc               | John B Sanfilippo & Son Inc                | CUSIP: 800422107<br>LEI: 5299007IBEYVXKYDUX28 | Long             | EC               | CORP              | US        |     37100 | NS      | $2943143.00   | 0.36%             |  |  |  | No            | 1                  | On Loan: No      |
| United Parks & Resorts Inc                | United Parks & Resorts Inc                 | CUSIP: 81282V100<br>LEI: 529900G0H4NV3IIK3269 | Long             | EC               | CORP              | US        |     61700 | NS      | $2015122.00   | 0.24%             |  |  |  | No            | 1                  | On Loan: No      |
| TriMas Corp                               | TriMas Corp                                | CUSIP: 896215209<br>LEI: 75G1WUQ8QK4P5MZOYD78 | Long             | EC               | CORP              | US        |     46600 | NS      | $1674804.00   | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| United Community Banks Inc/GA             | United Community Banks Inc/GA              | CUSIP: 90984P303<br>LEI: 549300GVW0FV66X3U703 | Long             | EC               | CORP              | US        |     24400 | NS      | $768356.00    | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| Unitil Corp                               | Unitil Corp                                | CUSIP: 913259107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     27300 | NS      | $1426152.00   | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| World Kinect Corp                         | World Kinect Corp                          | CUSIP: 981475106<br>LEI: D3W7PCXCBRQLL17DZ313 | Long             | EC               | CORP              | US        |     96024 | NS      | $2215273.68   | 0.27%             |  |  |  | No            | 1                  | On Loan: No      |
| Lantheus Holdings Inc                     | Lantheus Holdings Inc                      | CUSIP: 516544103<br>LEI: 5299005HUB5IOJGO7S39 | Long             | EC               | CORP              | US        |     43900 | NS      | $3329815.00   | 0.40%             |  |  |  | No            | 1                  | On Loan: No      |
| Lindsay Corp                              | Lindsay Corp                               | CUSIP: 535555106<br>LEI: 549300ZFO0QG5H8TPI61 | Long             | EC               | CORP              | US        |     19100 | NS      | $2274237.00   | 0.27%             |  |  |  | No            | 1                  | On Loan: No      |
| Matson Inc                                | Matson Inc                                 | CUSIP: 57686G105<br>LEI: 549300OI5H3Y0I9I4I12 | Long             | EC               | CORP              | US        |     15400 | NS      | $2524676.00   | 0.31%             |  |  |  | No            | 1                  | On Loan: No      |
| Maximus Inc                               | Maximus Inc                                | CUSIP: 577933104<br>LEI: 549300DQCDS8HJ7QF202 | Long             | EC               | CORP              | US        |     32000 | NS      | $2051200.00   | 0.25%             |  |  |  | No            | 1                  | On Loan: No      |
| Nathan's Famous Inc                       | Nathan's Famous Inc                        | CUSIP: 632347100<br>LEI: 54930034SKNSF1JIE673 | Long             | EC               | CORP              | US        |     17000 | NS      | $1712410.00   | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| Northern Oil & Gas Inc                    | Northern Oil & Gas Inc                     | CUSIP: 665531307<br>LEI: OKFF0PIZDDMNH4UCYE51 | Long             | EC               | CORP              | US        |    100100 | NS      | $2925923.00   | 0.35%             |  |  |  | No            | 1                  | On Loan: No      |
| OneWater Marine Inc                       | OneWater Marine Inc                        | CUSIP: 68280L101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    100200 | NS      | $946890.00    | 0.11%             |  |  |  | No            | 1                  | On Loan: No      |
| NOV Inc                                   | NOV Inc                                    | CUSIP: 62955J103<br>LEI: 549300EHF3IW1AR6U008 | Long             | EC               | CORP              | US        |    178600 | NS      | $3359466.00   | 0.41%             |  |  |  | No            | 1                  | On Loan: No      |
| Northpointe Bancshares Inc                | Northpointe Bancshares Inc                 | CUSIP: 66661N886<br>LEI: 549300EYMKMD4WKEKP72 | Long             | EC               | CORP              | US        |    187800 | NS      | $3241428.00   | 0.39%             |  |  |  | No            | 1                  | On Loan: No      |
| ProPetro Holding Corp                     | ProPetro Holding Corp                      | CUSIP: 74347M108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    276500 | NS      | $3984365.00   | 0.48%             |  |  |  | No            | 1                  | On Loan: No      |
| Radian Group Inc                          | Radian Group Inc                           | CUSIP: 750236101<br>LEI: 54930005OUP720S5U385 | Long             | EC               | CORP              | US        |    104100 | NS      | $3443628.00   | 0.42%             |  |  |  | No            | 1                  | On Loan: No      |
| Greenbrier Cos Inc/The                    | Greenbrier Cos Inc/The                     | CUSIP: 393657101<br>LEI: 5493001GAGGFR30BP390 | Long             | EC               | CORP              | US        |     59500 | NS      | $3132675.00   | 0.38%             |  |  |  | No            | 1                  | On Loan: No      |
| Hanmi Financial Corp                      | Hanmi Financial Corp                       | CUSIP: 410495204<br>LEI: 549300MSZ7RCG7EA6587 | Long             | EC               | CORP              | US        |    124800 | NS      | $3289728.00   | 0.40%             |  |  |  | No            | 1                  | On Loan: No      |
| Tennant Co                                | Tennant Co                                 | CUSIP: 880345103<br>LEI: JYAIRLT8DVP6DP8UT336 | Long             | EC               | CORP              | US        |     30000 | NS      | $1992000.00   | 0.24%             |  |  |  | No            | 1                  | On Loan: No      |
| TriCo Bancshares                          | TriCo Bancshares                           | CUSIP: 896095106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     28100 | NS      | $1335874.00   | 0.16%             |  |  |  | No            | 1                  | On Loan: No      |
| Apollo Commercial Real Estate             | Apollo Commercial Real Estate Finance Inc  | CUSIP: 03762U105<br>LEI: 549300E0AN7M2AQHSY29 | Long             | EC               | CORP              | US        |    134600 | NS      | $1421376.00   | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| Horace Mann Educators Corp                | Horace Mann Educators Corp                 | CUSIP: 440327104<br>LEI: 254900G5YAV3A2YK8T32 | Long             | EC               | CORP              | US        |     59214 | NS      | $2527253.52   | 0.31%             |  |  |  | No            | 1                  | On Loan: No      |
| Huntsman Corp                             | Huntsman Corp                              | CUSIP: 447011107<br>LEI: 5299000V56320A7RIQ67 | Long             | EC               | CORP              | US        |    275800 | NS      | $3670898.00   | 0.44%             |  |  |  | No            | 1                  | On Loan: No      |
| Kaiser Aluminum Corp                      | Kaiser Aluminum Corp                       | CUSIP: 483007704<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     29600 | NS      | $3567096.00   | 0.43%             |  |  |  | No            | 1                  | On Loan: No      |
| Kimball Electronics Inc                   | Kimball Electronics Inc                    | CUSIP: 49428J109<br>LEI: 549300COBYN2GZCBIU87 | Long             | EC               | CORP              | US        |     73050 | NS      | $1730554.50   | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| Kontoor Brands Inc                        | Kontoor Brands Inc                         | CUSIP: 50050N103<br>LEI: 549300M0CPXV65RFF271 | Long             | EC               | CORP              | US        |     38300 | NS      | $2692107.00   | 0.33%             |  |  |  | No            | 1                  | On Loan: No      |
| Lear Corp                                 | Lear Corp                                  | CUSIP: 521865204<br>LEI: 549300UPNBTXA1SYTQ33 | Long             | EC               | CORP              | US        |     24900 | NS      | $3014892.00   | 0.36%             |  |  |  | No            | 1                  | On Loan: No      |
| Vontier Corp                              | Vontier Corp                               | CUSIP: 928881101<br>LEI: 549300VVSQLG4P5K4639 | Long             | EC               | CORP              | US        |     83900 | NS      | $2975933.00   | 0.36%             |  |  |  | No            | 1                  | On Loan: No      |
| White Mountains Insurance Grou            | White Mountains Insurance Group Ltd        | CUSIP: N/A<br>LEI: 549300N3FL068JERBG02       | Long             | EC               | CORP              | US        |      1500 | NS      | $3295440.00   | 0.40%             |  |  |  | No            | 1                  | On Loan: No      |
| ASGN Inc                                  | ASGN Inc                                   | CUSIP: 00191U102<br>LEI: LZBNYYCBUKY537072438 | Long             | EC               | CORP              | US        |     64400 | NS      | $2492924.00   | 0.30%             |  |  |  | No            | 1                  | On Loan: No      |
| Academy Sports & Outdoors Inc             | Academy Sports & Outdoors Inc              | CUSIP: 00402L107<br>LEI: 529900HST589BD301M91 | Long             | EC               | CORP              | US        |     15900 | NS      | $897555.00    | 0.11%             |  |  |  | No            | 1                  | On Loan: No      |
| Acadia Healthcare Co Inc                  | Acadia Healthcare Co Inc                   | CUSIP: 00404A109<br>LEI: 5493005CW985Y9D0NC11 | Long             | EC               | CORP              | US        |    103800 | NS      | $2427882.00   | 0.29%             |  |  |  | No            | 1                  | On Loan: No      |
| American Assets Trust Inc                 | American Assets Trust Inc                  | CUSIP: 024013104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    136800 | NS      | $2518488.00   | 0.30%             |  |  |  | No            | 1                  | On Loan: No      |
| Apogee Enterprises Inc                    | Apogee Enterprises Inc                     | CUSIP: 037598109<br>LEI: 549300579S7QW8V4IJ60 | Long             | EC               | CORP              | US        |     55100 | NS      | $1848054.00   | 0.22%             |  |  |  | No            | 1                  | On Loan: No      |
| Ares Commercial Real Estate Co            | Ares Commercial Real Estate Corp           | CUSIP: 04013V108<br>LEI: 549300ZNO5IWXS443S81 | Long             | EC               | CORP              | US        |    280900 | NS      | $1348320.00   | 0.16%             |  |  |  | No            | 1                  | On Loan: No      |
| Artesian Resources Corp                   | Artesian Resources Corp                    | CUSIP: 043113208<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     22700 | NS      | $722995.00    | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| AutoNation Inc                            | AutoNation Inc                             | CUSIP: 05329W102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     17100 | NS      | $3338946.00   | 0.40%             |  |  |  | No            | 1                  | On Loan: No      |
| CONMED Corp                               | CONMED Corp                                | CUSIP: 207410101<br>LEI: Z6C0YCECH9DCU5ZIQW84 | Long             | EC               | CORP              | US        |     80300 | NS      | $2839408.00   | 0.34%             |  |  |  | No            | 1                  | On Loan: No      |
| Crane NXT Co                              | Crane NXT Co                               | CUSIP: 224441105<br>LEI: 549300EXNPSXEWUD3N21 | Long             | EC               | CORP              | US        |     64000 | NS      | $2597760.00   | 0.31%             |  |  |  | No            | 1                  | On Loan: No      |
| Douglas Emmett Inc                        | Douglas Emmett Inc                         | CUSIP: 25960P109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    233700 | NS      | $2201454.00   | 0.27%             |  |  |  | No            | 1                  | On Loan: No      |
| El Pollo Loco Holdings Inc                | El Pollo Loco Holdings Inc                 | CUSIP: 268603107<br>LEI: 549300EZCBNF4G707K90 | Long             | EC               | CORP              | US        |    147000 | NS      | $2037420.00   | 0.25%             |  |  |  | No            | 1                  | On Loan: No      |
| Eagle Bancorp Inc                         | Eagle Bancorp Inc                          | CUSIP: 268948106<br>LEI: 549300B47NZODRMG3D47 | Long             | EC               | CORP              | US        |    122130 | NS      | $3037373.10   | 0.37%             |  |  |  | No            | 1                  | On Loan: No      |
| Energizer Holdings Inc                    | Energizer Holdings Inc                     | CUSIP: 29272W109<br>LEI: 5493000D6NN0V57UME20 | Long             | EC               | CORP              | US        |     64000 | NS      | $1050880.00   | 0.13%             |  |  |  | No            | 1                  | On Loan: No      |
| First Financial Corp                      | First Financial Corp                       | CUSIP: 320218100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     31063 | NS      | $1963181.60   | 0.24%             |  |  |  | No            | 1                  | On Loan: No      |
| First Hawaiian Inc                        | First Hawaiian Inc                         | CUSIP: 32051X108<br>LEI: 5493002DJSH46F5OLV06 | Long             | EC               | CORP              | US        |    128540 | NS      | $3167225.60   | 0.38%             |  |  |  | No            | 1                  | On Loan: No      |
| Gentex Corp                               | Gentex Corp                                | CUSIP: 371901109<br>LEI: 549300S3UD8XV1MN0287 | Long             | EC               | CORP              | US        |    138400 | NS      | $3024040.00   | 0.37%             |  |  |  | No            | 1                  | On Loan: No      |
| Great Southern Bancorp Inc                | Great Southern Bancorp Inc                 | CUSIP: 390905107<br>LEI: 5493000ZL7DLNMN1AB26 | Long             | EC               | CORP              | US        |     39710 | NS      | $2506892.30   | 0.30%             |  |  |  | No            | 1                  | On Loan: No      |
| Grocery Outlet Holding Corp               | Grocery Outlet Holding Corp                | CUSIP: 39874R101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    255300 | NS      | $1799865.00   | 0.22%             |  |  |  | No            | 1                  | On Loan: No      |
| Haverty Furniture Cos Inc                 | Haverty Furniture Cos Inc                  | CUSIP: 419596101<br>LEI: 529900CVFMMIRXZVPD70 | Long             | EC               | CORP              | US        |     79500 | NS      | $1683810.00   | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Healthcare Services Group Inc             | Healthcare Services Group Inc              | CUSIP: 421906108<br>LEI: 529900GVZ1D2FBYMS719 | Long             | EC               | CORP              | US        |     81330 | NS      | $1508671.50   | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| UniFirst Corp/MA                          | UniFirst Corp/MA                           | CUSIP: 904708104<br>LEI: 5493003XBTNWBC8UK019 | Long             | EC               | CORP              | US        |      9100 | NS      | $2289469.00   | 0.28%             |  |  |  | No            | 1                  | On Loan: No      |
| Vishay Intertechnology Inc                | Vishay Intertechnology Inc                 | CUSIP: 928298108<br>LEI: 5493009O8F3QQJTCQR75 | Long             | EC               | CORP              | US        |    152426 | NS      | $2743668.00   | 0.33%             |  |  |  | No            | 1                  | On Loan: No      |
| WaFd Inc                                  | WaFd Inc                                   | CUSIP: 938824109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    103134 | NS      | $3238407.60   | 0.39%             |  |  |  | No            | 1                  | On Loan: No      |
| YETI Holdings Inc                         | YETI Holdings Inc                          | CUSIP: 98585X104<br>LEI: 549300DSQICIGNT5GO63 | Long             | EC               | CORP              | US        |     47300 | NS      | $1730707.00   | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| Genpact Ltd                               | Genpact Ltd                                | CUSIP: N/A<br>LEI: 529900OSEC6Q0L4L5B35       | Long             | EC               | CORP              | US        |     90600 | NS      | $3374850.00   | 0.41%             |  |  |  | No            | 1                  | On Loan: No      |
| Weatherford International PLC             | Weatherford International PLC              | CUSIP: N/A<br>LEI: 529900LPBDSCQDJKHQ39       | Long             | EC               | CORP              | US        |     28700 | NS      | $2714446.00   | 0.33%             |  |  |  | No            | 1                  | On Loan: No      |
| Douglas Dynamics Inc                      | Douglas Dynamics Inc                       | CUSIP: 25960R105<br>LEI: 529900CDFLKNQ0QT6580 | Long             | EC               | CORP              | US        |     50800 | NS      | $2138172.00   | 0.26%             |  |  |  | No            | 1                  | On Loan: No      |
| Emerald Holding Inc                       | Emerald Holding Inc                        | CUSIP: 29103W104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    150700 | NS      | $679657.00    | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| Enact Holdings Inc                        | Enact Holdings Inc                         | CUSIP: 29249E109<br>LEI: 9845003CA5664B741N19 | Long             | EC               | CORP              | US        |     95100 | NS      | $3881031.00   | 0.47%             |  |  |  | No            | 1                  | On Loan: No      |
| Federated Hermes Inc                      | Federated Hermes Inc                       | CUSIP: 314211103<br>LEI: R05X5UQ874RGFF7HHD84 | Long             | EC               | CORP              | US        |     62280 | NS      | $3531898.80   | 0.43%             |  |  |  | No            | 1                  | On Loan: No      |
| MSC Industrial Direct Co Inc              | MSC Industrial Direct Co Inc               | CUSIP: 553530106<br>LEI: 0XVKH0LN6YGOWO2EGO17 | Long             | EC               | CORP              | US        |     37500 | NS      | $3460125.00   | 0.42%             |  |  |  | No            | 1                  | On Loan: No      |
| MVB Financial Corp                        | MVB Financial Corp                         | CUSIP: 553810102<br>LEI: 549300KSUQ2FUU1X2O74 | Long             | EC               | CORP              | US        |     15100 | NS      | $374933.00    | 0.05%             |  |  |  | No            | 1                  | On Loan: No      |
| Macy's Inc                                | Macy's Inc                                 | CUSIP: 55616P104<br>LEI: 529900NZQ81TIOW3CW52 | Long             | EC               | CORP              | US        |     76800 | NS      | $1389312.00   | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| Steven Madden Ltd                         | Steven Madden Ltd                          | CUSIP: 556269108<br>LEI: 549300Z9GZ7GYJWSGF43 | Long             | EC               | CORP              | US        |     48800 | NS      | $1655296.00   | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Methode Electronics Inc                   | Methode Electronics Inc                    | CUSIP: 591520200<br>LEI: 529900VM413LGLUS3F07 | Long             | EC               | CORP              | US        |    192900 | NS      | $1064808.00   | 0.13%             |  |  |  | No            | 1                  | On Loan: No      |
| Mid Penn Bancorp Inc                      | Mid Penn Bancorp Inc                       | CUSIP: 59540G107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     28800 | NS      | $926208.00    | 0.11%             |  |  |  | No            | 1                  | On Loan: No      |
| Murphy Oil Corp                           | Murphy Oil Corp                            | CUSIP: 626717102<br>LEI: QBKYQD0ODE7DC7PDIN91 | Long             | EC               | CORP              | US        |    115000 | NS      | $4743750.00   | 0.57%             |  |  |  | No            | 1                  | On Loan: No      |
| Northfield Bancorp Inc                    | Northfield Bancorp Inc                     | CUSIP: 66611T108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     62307 | NS      | $843636.78    | 0.10%             |  |  |  | No            | 1                  | On Loan: No      |
| OceanFirst Financial Corp                 | OceanFirst Financial Corp                  | CUSIP: 675234108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    183910 | NS      | $3317736.40   | 0.40%             |  |  |  | No            | 1                  | On Loan: No      |
| Oil States International Inc              | Oil States International Inc               | CUSIP: 678026105<br>LEI: 5493004TF4KQJGMYL777 | Long             | EC               | CORP              | US        |    274700 | NS      | $3197508.00   | 0.39%             |  |  |  | No            | 1                  | On Loan: No      |
| Polaris Inc                               | Polaris Inc                                | CUSIP: 731068102<br>LEI: 549300QJSN8UVWN1EI78 | Long             | EC               | CORP              | US        |     34000 | NS      | $1853000.00   | 0.22%             |  |  |  | No            | 1                  | On Loan: No      |
| VAALCO Energy Inc                         | VAALCO Energy Inc                          | CUSIP: 91851C201<br>LEI: 549300CFHFVIWB8M6T24 | Long             | EC               | CORP              | US        |    526800 | NS      | $3339912.00   | 0.40%             |  |  |  | No            | 1                  | On Loan: No      |
| Washington Trust Bancorp Inc              | Washington Trust Bancorp Inc               | CUSIP: 940610108<br>LEI: J66MZFCNJPP3PERHZW54 | Long             | EC               | CORP              | US        |     83600 | NS      | $2797256.00   | 0.34%             |  |  |  | No            | 1                  | On Loan: No      |
| Valaris Ltd                               | Valaris Ltd                                | CUSIP: N/A<br>LEI: 5299008BQ9IREYWBTS30       | Long             | EC               | CORP              | US        |     19100 | NS      | $1872564.00   | 0.23%             |  |  |  | No            | 1                  | On Loan: No      |
| ANI Pharmaceuticals Inc                   | ANI Pharmaceuticals Inc                    | CUSIP: 00182C103<br>LEI: 5493000T6CXTND40YH31 | Long             | EC               | CORP              | US        |     20800 | NS      | $1599520.00   | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| ACI Worldwide Inc                         | ACI Worldwide Inc                          | CUSIP: 004498101<br>LEI: 5493003BPVMZUJ6F5C02 | Long             | EC               | CORP              | US        |     63000 | NS      | $2583630.00   | 0.31%             |  |  |  | No            | 1                  | On Loan: No      |
| Amentum Holdings Inc                      | Amentum Holdings Inc                       | CUSIP: 023939101<br>LEI: 2549009FJIBLW40CU216 | Long             | EC               | CORP              | US        |     85000 | NS      | $2216800.00   | 0.27%             |  |  |  | No            | 1                  | On Loan: No      |
| Aviat Networks Inc                        | Aviat Networks Inc                         | CUSIP: 05366Y201<br>LEI: 549300Z3X8Z4MK52CI65 | Long             | EC               | CORP              | US        |     34500 | NS      | $780045.00    | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| Avista Corp                               | Avista Corp                                | CUSIP: 05379B107<br>LEI: Q0IK63NITJD6RJ47SW96 | Long             | EC               | CORP              | US        |     86361 | NS      | $3466530.54   | 0.42%             |  |  |  | No            | 1                  | On Loan: No      |
| Carter's Inc                              | Carter's Inc                               | CUSIP: 146229109<br>LEI: 5299003WAQK4R3L3ZU36 | Long             | EC               | CORP              | US        |     20900 | NS      | $747384.00    | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| Cass Information Systems Inc              | Cass Information Systems Inc               | CUSIP: 14808P109<br>LEI: 549300G7XPIPR7SJ2F38 | Long             | EC               | CORP              | US        |     21600 | NS      | $950832.00    | 0.11%             |  |  |  | No            | 1                  | On Loan: No      |
| ChoiceOne Financial Services I            | ChoiceOne Financial Services Inc           | CUSIP: 170386106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     57100 | NS      | $1605652.00   | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Astrana Health Inc                        | Astrana Health Inc                         | CUSIP: 03763A207<br>LEI: 5493008O4R82Q4STJ936 | Long             | EC               | CORP              | US        |    132900 | NS      | $3258708.00   | 0.39%             |  |  |  | No            | 1                  | On Loan: No      |
| Baytex Energy Corp                        | Baytex Energy Corp                         | CUSIP: 07317Q105<br>LEI: 549300R5LTV2H7I1I079 | Long             | EC               | CORP              | CA        |    861732 | NS      | $3851942.04   | 0.47%             |  |  |  | No            | 1                  | On Loan: No      |
| CVB Financial Corp                        | CVB Financial Corp                         | CUSIP: 126600105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     82200 | NS      | $1593858.00   | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Churchill Downs Inc                       | Churchill Downs Inc                        | CUSIP: 171484108<br>LEI: 529900FODTBQC8MIS994 | Long             | EC               | CORP              | US        |     29100 | NS      | $2614053.00   | 0.32%             |  |  |  | No            | 1                  | On Loan: No      |
| Concentra Group Holdings Paren            | Concentra Group Holdings Parent Inc        | CUSIP: 20603L102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    118131 | NS      | $2533909.95   | 0.31%             |  |  |  | No            | 1                  | On Loan: No      |
| Empire State Realty Trust Inc             | Empire State Realty Trust Inc              | CUSIP: 292104106<br>LEI: 549300VOKY1DUEQSB456 | Long             | EC               | CORP              | US        |    267500 | NS      | $1391000.00   | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| First American Government Obli            | First American Government Obligations Fund | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |  23008589 | NS      | $23008589.39  | 2.78%             |  |  |  | No            | 1                  | On Loan: No      |
| First Western Financial Inc               | First Western Financial Inc                | CUSIP: 33751L105<br>LEI: 549300PPOGX4C7S66B47 | Long             | EC               | CORP              | US        |     30900 | NS      | $759522.00    | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| Firstsun Capital Bancorp                  | Firstsun Capital Bancorp                   | CUSIP: 33767U107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     41100 | NS      | $1498506.00   | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| Five Star Bancorp                         | Five Star Bancorp                          | CUSIP: 33830T103<br>LEI: 5493008ZRBIHKWC0JA73 | Long             | EC               | CORP              | US        |     41900 | NS      | $1580468.00   | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Fox Factory Holding Corp                  | Fox Factory Holding Corp                   | CUSIP: 35138V102<br>LEI: 529900GE1HSV0617R721 | Long             | EC               | CORP              | US        |     89700 | NS      | $1476462.00   | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| DNOW Inc                                  | DNOW Inc                                   | CUSIP: 67011P100<br>LEI: 549300AVH5SOCFVVDW91 | Long             | EC               | CORP              | US        |    106000 | NS      | $1262460.00   | 0.15%             |  |  |  | No            | 1                  | On Loan: No      |
| Essent Group Ltd                          | Essent Group Ltd                           | CUSIP: N/A<br>LEI: 254900QUO860OUT6ZF83       | Long             | EC               | CORP              | BM        |     50970 | NS      | $2978686.80   | 0.36%             |  |  |  | No            | 1                  | On Loan: No      |
| WPP PLC                                   | WPP PLC                                    | CUSIP: 92937A102<br>LEI: 549300LSGBXPYHXGDT93 | Long             | EC               | CORP              | GB        |    191300 | NS      | $2974715.00   | 0.36%             |  |  |  | No            | 1                  | On Loan: —       |
| Winnebago Industries Inc                  | Winnebago Industries Inc                   | CUSIP: 974637100<br>LEI: 549300B7OYKYJLTE3G11 | Long             | EC               | CORP              | US        |     74700 | NS      | $2314953.00   | 0.28%             |  |  |  | No            | 1                  | On Loan: No      |
| Resources Connection Inc                  | Resources Connection Inc                   | CUSIP: 76122Q105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    225285 | NS      | $840313.05    | 0.10%             |  |  |  | No            | 1                  | On Loan: No      |
| Robert Half Inc                           | Robert Half Inc                            | CUSIP: 770323103<br>LEI: 529900VPCUY9H3HLIC08 | Long             | EC               | CORP              | US        |    137300 | NS      | $3487420.00   | 0.42%             |  |  |  | No            | 1                  | On Loan: No      |
| Rush Enterprises Inc                      | Rush Enterprises Inc                       | CUSIP: 781846209<br>LEI: 529900V3XHTN7A6DFT17 | Long             | EC               | CORP              | US        |     48700 | NS      | $3219557.00   | 0.39%             |  |  |  | No            | 1                  | On Loan: No      |
| SLM Corp                                  | SLM Corp                                   | CUSIP: 78442P106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    142500 | NS      | $3050925.00   | 0.37%             |  |  |  | No            | 1                  | On Loan: No      |
| Sanmina Corp                              | Sanmina Corp                               | CUSIP: 801056102<br>LEI: X5K24XLM8QYRXF00EB42 | Long             | EC               | CORP              | US        |     13605 | NS      | $1763752.20   | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| Seritage Growth Properties                | Seritage Growth Properties                 | CUSIP: 81752R100<br>LEI: 5493003CJFC2MM82WB25 | Long             | EC               | CORP              | US        |     13131 | NS      | $36898.11     | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Stewart Information Services C            | Stewart Information Services Corp          | CUSIP: 860372101<br>LEI: 529900TV1XI0PLKENU10 | Long             | EC               | CORP              | US        |     33590 | NS      | $2068472.20   | 0.25%             |  |  |  | No            | 1                  | On Loan: No      |
| Sylvamo Corp                              | Sylvamo Corp                               | CUSIP: 871332102<br>LEI: 5493001AOYU1ZOWOC971 | Long             | EC               | CORP              | US        |     31200 | NS      | $1317888.00   | 0.16%             |  |  |  | No            | 1                  | On Loan: No      |
| Valley National Bancorp                   | Valley National Bancorp                    | CUSIP: 919794107<br>LEI: 549300ET52S1UBIB9762 | Long             | EC               | CORP              | US        |    190400 | NS      | $2338112.00   | 0.28%             |  |  |  | No            | 1                  | On Loan: No      |
| Virtu Financial Inc                       | Virtu Financial Inc                        | CUSIP: 928254101<br>LEI: 5493001OPW2K42CH3884 | Long             | EC               | CORP              | US        |     43700 | NS      | $1921926.00   | 0.23%             |  |  |  | No            | 1                  | On Loan: No      |
| Brink's Co/The                            | Brink's Co/The                             | CUSIP: 109696104<br>LEI: XFP140TFNOQMIVFTVQ13 | Long             | EC               | CORP              | US        |     26300 | NS      | $2725469.00   | 0.33%             |  |  |  | No            | 1                  | On Loan: No      |
| Capital Bancorp Inc                       | Capital Bancorp Inc                        | CUSIP: 139737100<br>LEI: 549300LQKYGWQ7VP0C75 | Long             | EC               | CORP              | US        |     26700 | NS      | $794058.00    | 0.10%             |  |  |  | No            | 1                  | On Loan: No      |
| Visteon Corp                              | Visteon Corp                               | CUSIP: 92839U206<br>LEI: 549300MOVLYHRW4GGW78 | Long             | EC               | CORP              | US        |     32700 | NS      | $2979297.00   | 0.36%             |  |  |  | No            | 1                  | On Loan: No      |
| Voya Financial Inc                        | Voya Financial Inc                         | CUSIP: 929089100<br>LEI: 549300T065Z4KJ686G75 | Long             | EC               | CORP              | US        |     31500 | NS      | $2152080.00   | 0.26%             |  |  |  | No            | 1                  | On Loan: No      |
| Central Garden & Pet Co                   | Central Garden & Pet Co                    | CUSIP: 153527106<br>LEI: 5493004DVZLD37DJ0H83 | Long             | EC               | CORP              | US        |     42200 | NS      | $1551694.00   | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Central Pacific Financial Corp            | Central Pacific Financial Corp             | CUSIP: 154760409<br>LEI: 549300W3YEAOZ4KGG849 | Long             | EC               | CORP              | US        |     44460 | NS      | $1420941.60   | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| WEX Inc                                   | WEX Inc                                    | CUSIP: 96208T104<br>LEI: T9M5IGROL1TL1G5OV478 | Long             | EC               | CORP              | US        |     21300 | NS      | $3259752.00   | 0.39%             |  |  |  | No            | 1                  | On Loan: No      |
| Sensata Technologies Holding P            | Sensata Technologies Holding PLC           | CUSIP: N/A<br>LEI: 529900MS7KFYCY9MS037       | Long             | EC               | CORP              | US        |    103800 | NS      | $3655836.00   | 0.44%             |  |  |  | No            | 1                  | On Loan: No      |
| MGIC Investment Corp                      | MGIC Investment Corp                       | CUSIP: 552848103<br>LEI: 254900S8483WM4M98R28 | Long             | EC               | CORP              | US        |     50530 | NS      | $1326412.50   | 0.16%             |  |  |  | No            | 1                  | On Loan: No      |
| Merchants Bancorp/IN                      | Merchants Bancorp/IN                       | CUSIP: 58844R108<br>LEI: 54930008Y0GPVLF81889 | Long             | EC               | CORP              | US        |     75900 | NS      | $3256869.00   | 0.39%             |  |  |  | No            | 1                  | On Loan: No      |
| NB Bancorp Inc                            | NB Bancorp Inc                             | CUSIP: 63945M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    114700 | NS      | $2416729.00   | 0.29%             |  |  |  | No            | 1                  | On Loan: No      |
| New Jersey Resources Corp                 | New Jersey Resources Corp                  | CUSIP: 646025106<br>LEI: 549300QKBSQBIX4DQ583 | Long             | EC               | CORP              | US        |     67300 | NS      | $3696116.00   | 0.45%             |  |  |  | No            | 1                  | On Loan: No      |
| Northwest Natural Holding Co              | Northwest Natural Holding Co               | CUSIP: 66765N105<br>LEI: 254900PSJL6ZEC8FR782 | Long             | EC               | CORP              | US        |     74000 | NS      | $3938280.00   | 0.48%             |  |  |  | No            | 1                  | On Loan: No      |
| ONE Gas Inc                               | ONE Gas Inc                                | CUSIP: 68235P108<br>LEI: 549300HXDWI0LATTX840 | Long             | EC               | CORP              | US        |     29800 | NS      | $2566674.00   | 0.31%             |  |  |  | No            | 1                  | On Loan: No      |
| Peoples Bancorp Inc/OH                    | Peoples Bancorp Inc/OH                     | CUSIP: 709789101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     75900 | NS      | $2494833.00   | 0.30%             |  |  |  | No            | 1                  | On Loan: No      |
| Portland General Electric Co              | Portland General Electric Co               | CUSIP: 736508847<br>LEI: GJOUP9M7C39GLSK9R870 | Long             | EC               | CORP              | US        |     64800 | NS      | $3419496.00   | 0.41%             |  |  |  | No            | 1                  | On Loan: No      |
| Sarepta Therapeutics Inc                  | Sarepta Therapeutics Inc                   | CUSIP: 803607100<br>LEI: 549300IKDPIED8J8IG21 | Long             | EC               | CORP              | US        |    143400 | NS      | $3120384.00   | 0.38%             |  |  |  | No            | 1                  | On Loan: No      |
| Sierra Bancorp                            | Sierra Bancorp                             | CUSIP: 82620P102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     35950 | NS      | $1219424.00   | 0.15%             |  |  |  | No            | 1                  | On Loan: No      |
| ABM Industries Inc                        | ABM Industries Inc                         | CUSIP: 000957100<br>LEI: QF02R89VEIOROM77J447 | Long             | EC               | CORP              | US        |     52900 | NS      | $2037708.00   | 0.25%             |  |  |  | No            | 1                  | On Loan: No      |
| Accel Entertainment Inc                   | Accel Entertainment Inc                    | CUSIP: 00436Q106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    232100 | NS      | $2532211.00   | 0.31%             |  |  |  | No            | 1                  | On Loan: No      |
| Bread Financial Holdings Inc              | Bread Financial Holdings Inc               | CUSIP: 018581108<br>LEI: 549300G8S4PO686J7H97 | Long             | EC               | CORP              | US        |     46600 | NS      | $3489874.00   | 0.42%             |  |  |  | No            | 1                  | On Loan: No      |
| American Woodmark Corp                    | American Woodmark Corp                     | CUSIP: 030506109<br>LEI: 5299007PFSDWMA74RB56 | Long             | EC               | CORP              | US        |     44000 | NS      | $1752520.00   | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| Ardent Health Inc                         | Ardent Health Inc                          | CUSIP: 03980N107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    124000 | NS      | $1061440.00   | 0.13%             |  |  |  | No            | 1                  | On Loan: No      |
| BankUnited Inc                            | BankUnited Inc                             | CUSIP: 06652K103<br>LEI: 96OVUWEW5D4YX6PFXD91 | Long             | EC               | CORP              | US        |     62220 | NS      | $2809855.20   | 0.34%             |  |  |  | No            | 1                  | On Loan: No      |
| BellRing Brands Inc                       | BellRing Brands Inc                        | CUSIP: 07831C103<br>LEI: 549300S3BOK5CMTS8054 | Long             | EC               | CORP              | US        |    189100 | NS      | $3042619.00   | 0.37%             |  |  |  | No            | 1                  | On Loan: No      |
| Bridgewater Bancshares Inc                | Bridgewater Bancshares Inc                 | CUSIP: 108621103<br>LEI: 5493001FLSBTVILKXZ71 | Long             | EC               | CORP              | US        |     72000 | NS      | $1274400.00   | 0.15%             |  |  |  | No            | 1                  | On Loan: No      |
| California Resources Corp                 | California Resources Corp                  | CUSIP: 13057Q305<br>LEI: 5493003Q8F0T4F4YMR48 | Long             | EC               | CORP              | US        |     45090 | NS      | $3121129.80   | 0.38%             |  |  |  | No            | 1                  | On Loan: No      |
| Delek US Holdings Inc                     | Delek US Holdings Inc                      | CUSIP: 24665A103<br>LEI: 5493003O53JMENV1N385 | Long             | EC               | CORP              | US        |     73000 | NS      | $3290110.00   | 0.40%             |  |  |  | No            | 1                  | On Loan: No      |
| Dolby Laboratories Inc                    | Dolby Laboratories Inc                     | CUSIP: 25659T107<br>LEI: 549300X04FB2QPCJ5J24 | Long             | EC               | CORP              | US        |     40300 | NS      | $2420418.00   | 0.29%             |  |  |  | No            | 1                  | On Loan: No      |
| L B Foster Co                             | L B Foster Co                              | CUSIP: 350060109<br>LEI: 549300AUUJGJ2T2L2179 | Long             | EC               | CORP              | US        |     43500 | NS      | $1213650.00   | 0.15%             |  |  |  | No            | 1                  | On Loan: No      |
| Itron Inc                                 | Itron Inc                                  | CUSIP: 465741106<br>LEI: 24F6LSZD18II6ICG6S41 | Long             | EC               | CORP              | US        |     26600 | NS      | $2384158.00   | 0.29%             |  |  |  | No            | 1                  | On Loan: No      |
| Korn Ferry                                | Korn Ferry                                 | CUSIP: 500643200<br>LEI: 549300FOD20OM0GT5G40 | Long             | EC               | CORP              | US        |     27776 | NS      | $1748499.20   | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| Kosmos Energy Ltd                         | Kosmos Energy Ltd                          | CUSIP: 500688106<br>LEI: 213800YDFJ3OT9B5P157 | Long             | EC               | CORP              | US        |   1617013 | NS      | $4495296.14   | 0.54%             |  |  |  | No            | 1                  | On Loan: No      |
| Adient PLC                                | Adient PLC                                 | CUSIP: N/A<br>LEI: 5493002QLDY8O75RTR78       | Long             | EC               | CORP              | US        |    134505 | NS      | $2718346.05   | 0.33%             |  |  |  | No            | 1                  | On Loan: No      |
| Axalta Coating Systems Ltd                | Axalta Coating Systems Ltd                 | CUSIP: N/A<br>LEI: 529900AGLPA40GV6H619       | Long             | EC               | CORP              | US        |     97500 | NS      | $2700750.00   | 0.33%             |  |  |  | No            | 1                  | On Loan: No      |
| Brightstar Lottery PLC                    | Brightstar Lottery PLC                     | CUSIP: N/A<br>LEI: 549300UQ6KHRCZDRGZ76       | Long             | EC               | CORP              | GB        |    253800 | NS      | $3233412.00   | 0.39%             |  |  |  | No            | 1                  | On Loan: No      |
| Abercrombie & Fitch Co                    | Abercrombie & Fitch Co                     | CUSIP: 002896207<br>LEI: 5493000J7LL72TOGT983 | Long             | EC               | CORP              | US        |     18200 | NS      | $1662934.00   | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Arrow Financial Corp                      | Arrow Financial Corp                       | CUSIP: 042744102<br>LEI: 2549007Z8GI9ZZIQ1817 | Long             | EC               | CORP              | US        |     48700 | NS      | $1634859.00   | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| B&G Foods Inc                             | B&G Foods Inc                              | CUSIP: 05508R106<br>LEI: 549300TRW1LZMDJZAQ78 | Long             | EC               | CORP              | US        |    272500 | NS      | $1310725.00   | 0.16%             |  |  |  | No            | 1                  | On Loan: —       |
| Southside Bancshares Inc                  | Southside Bancshares Inc                   | CUSIP: 84470P109<br>LEI: 549300TC83207VQA2K65 | Long             | EC               | CORP              | US        |     51800 | NS      | $1610462.00   | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Stagwell Inc                              | Stagwell Inc                               | CUSIP: 85256A109<br>LEI: 549300KIYTU6J3NYJ009 | Long             | EC               | CORP              | US        |    487300 | NS      | $3065117.00   | 0.37%             |  |  |  | No            | 1                  | On Loan: No      |
| Univest Financial Corp                    | Univest Financial Corp                     | CUSIP: 915271100<br>LEI: 4WII2HCR8UEWNU03U507 | Long             | EC               | CORP              | US        |     77470 | NS      | $2654122.20   | 0.32%             |  |  |  | No            | 1                  | On Loan: No      |
| Vail Resorts Inc                          | Vail Resorts Inc                           | CUSIP: 91879Q109<br>LEI: 529900PSZHRNU9HKH870 | Long             | EC               | CORP              | US        |     24800 | NS      | $3182336.00   | 0.38%             |  |  |  | No            | 1                  | On Loan: —       |
| Arrow Electronics Inc                     | Arrow Electronics Inc                      | CUSIP: 042735100<br>LEI: 549300YNNLBXT8N8R512 | Long             | EC               | CORP              | US        |     19200 | NS      | $2753472.00   | 0.33%             |  |  |  | No            | 1                  | On Loan: No      |
| Atmus Filtration Technologies             | Atmus Filtration Technologies Inc          | CUSIP: 04956D107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     39840 | NS      | $2261716.80   | 0.27%             |  |  |  | No            | 1                  | On Loan: No      |
| Brunswick Corp/DE                         | Brunswick Corp/DE                          | CUSIP: 117043109<br>LEI: YM4O38W15AX4YLLQKU27 | Long             | EC               | CORP              | US        |     43200 | NS      | $3143232.00   | 0.38%             |  |  |  | No            | 1                  | On Loan: No      |
| Burke & Herbert Financial Serv            | Burke & Herbert Financial Services Corp    | CUSIP: 12135Y108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     26200 | NS      | $1631998.00   | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| CVR Energy Inc                            | CVR Energy Inc                             | CUSIP: 12662P108<br>LEI: 529900SOYZIXZBTXB558 | Long             | EC               | CORP              | US        |     93200 | NS      | $3136180.00   | 0.38%             |  |  |  | No            | 1                  | On Loan: No      |
| Claros Mortgage Trust Inc                 | Claros Mortgage Trust Inc                  | CUSIP: 18270D106<br>LEI: 549300Z9LU2CZ3K30C16 | Long             | EC               | CORP              | US        |    430400 | NS      | $1024352.00   | 0.12%             |  |  |  | No            | 1                  | On Loan: No      |
| Community West Bancshares                 | Community West Bancshares                  | CUSIP: 203937107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     69800 | NS      | $1626340.00   | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Core Laboratories Inc                     | Core Laboratories Inc                      | CUSIP: 21867A105<br>LEI: 984500040P5J07V43135 | Long             | EC               | CORP              | US        |     45400 | NS      | $762266.00    | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| Enterprise Financial Services             | Enterprise Financial Services Corp         | CUSIP: 293712105<br>LEI: 5493001XTU5DLD632129 | Long             | EC               | CORP              | US        |     55600 | NS      | $3008516.00   | 0.36%             |  |  |  | No            | 1                  | On Loan: No      |
| Euronet Worldwide Inc                     | Euronet Worldwide Inc                      | CUSIP: 298736109<br>LEI: YG3575C4DSHJPA5KET68 | Long             | EC               | CORP              | US        |     48300 | NS      | $3205671.00   | 0.39%             |  |  |  | No            | 1                  | On Loan: No      |
| Fluor Corp                                | Fluor Corp                                 | CUSIP: 343412102<br>LEI: CQ7WZ4NOFWT7FAE6Q943 | Long             | EC               | CORP              | US        |     70400 | NS      | $3284160.00   | 0.40%             |  |  |  | No            | 1                  | On Loan: No      |
| Chiron Real Estate Inc                    | Chiron Real Estate Inc                     | CUSIP: 37954A303<br>LEI: 549300HFRIPQDYU3GU60 | Long             | EC               | CORP              | US        |     46700 | NS      | $1544836.00   | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Green Brick Partners Inc                  | Green Brick Partners Inc                   | CUSIP: 392709101<br>LEI: 549300R7SCIV7FQI6T56 | Long             | EC               | CORP              | US        |     10900 | NS      | $702505.00    | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| Hanover Insurance Group Inc/Th            | Hanover Insurance Group Inc/The            | CUSIP: 410867105<br>LEI: JJYR6MFKFF6CF8DBZ078 | Long             | EC               | CORP              | US        |     13600 | NS      | $2357560.00   | 0.29%             |  |  |  | No            | 1                  | On Loan: No      |
| Heritage Commerce Corp                    | Heritage Commerce Corp                     | CUSIP: 426927109<br>LEI: 549300CLIS851ELSR406 | Long             | EC               | CORP              | US        |    231600 | NS      | $2890368.00   | 0.35%             |  |  |  | No            | 1                  | On Loan: No      |
| Home Bancorp Inc                          | Home Bancorp Inc                           | CUSIP: 43689E107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     30900 | NS      | $1871922.00   | 0.23%             |  |  |  | No            | 1                  | On Loan: No      |
| Hope Bancorp Inc                          | Hope Bancorp Inc                           | CUSIP: 43940T109<br>LEI: 549300UTF4QGMBHIZ219 | Long             | EC               | CORP              | US        |    291289 | NS      | $3253698.13   | 0.39%             |  |  |  | No            | 1                  | On Loan: No      |
| Assured Guaranty Ltd                      | Assured Guaranty Ltd                       | CUSIP: N/A<br>LEI: 549300BBOQUJEPH87M14       | Long             | EC               | CORP              | BM        |     20530 | NS      | $1672784.40   | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Helen of Troy Ltd                         | Helen of Troy Ltd                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     99700 | NS      | $1437674.00   | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| Asbury Automotive Group Inc               | Asbury Automotive Group Inc                | CUSIP: 043436104<br>LEI: 549300JH4DTA7U42GL91 | Long             | EC               | CORP              | US        |      9854 | NS      | $1925570.14   | 0.23%             |  |  |  | No            | 1                  | On Loan: No      |
| Atkore Inc                                | Atkore Inc                                 | CUSIP: 047649108<br>LEI: 52990002TI38AM4RPV48 | Long             | EC               | CORP              | US        |     42000 | NS      | $2474220.00   | 0.30%             |  |  |  | No            | 1                  | On Loan: No      |
| Avnet Inc                                 | Avnet Inc                                  | CUSIP: 053807103<br>LEI: XJI53DCPL7QABOWK4Z75 | Long             | EC               | CORP              | US        |     51800 | NS      | $3191916.00   | 0.39%             |  |  |  | No            | 1                  | On Loan: No      |
| Bank7 Corp                                | Bank7 Corp                                 | CUSIP: 06652N107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     17500 | NS      | $697900.00    | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| BayCom Corp                               | BayCom Corp                                | CUSIP: 07272M107<br>LEI: 549300UOLS54Q5ONIG33 | Long             | EC               | CORP              | US        |     36300 | NS      | $1079017.50   | 0.13%             |  |  |  | No            | 1                  | On Loan: No      |
| BrightSpire Capital Inc                   | BrightSpire Capital Inc                    | CUSIP: 10949T109<br>LEI: 549300BOIFLLMVU37752 | Long             | EC               | CORP              | US        |    293700 | NS      | $1644720.00   | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Cactus Inc                                | Cactus Inc                                 | CUSIP: 127203107<br>LEI: 549300J3T8C9F8QFKV08 | Long             | EC               | CORP              | US        |     45300 | NS      | $2145861.00   | 0.26%             |  |  |  | No            | 1                  | On Loan: No      |
| Calavo Growers Inc                        | Calavo Growers Inc                         | CUSIP: 128246105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     98700 | NS      | $2545473.00   | 0.31%             |  |  |  | No            | 1                  | On Loan: No      |
| Camden National Corp                      | Camden National Corp                       | CUSIP: 133034108<br>LEI: 549300ZVEDL2L8UW4F28 | Long             | EC               | CORP              | US        |     50516 | NS      | $2396984.20   | 0.29%             |  |  |  | No            | 1                  | On Loan: No      |
| Carter Bankshares Inc                     | Carter Bankshares Inc                      | CUSIP: 146103106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     53100 | NS      | $1238292.00   | 0.15%             |  |  |  | No            | 1                  | On Loan: No      |
| Employers Holdings Inc                    | Employers Holdings Inc                     | CUSIP: 292218104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     37705 | NS      | $1551183.70   | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Flowers Foods Inc                         | Flowers Foods Inc                          | CUSIP: 343498101<br>LEI: 7YNCQQNDK8FBM9BBTK25 | Long             | EC               | CORP              | US        |    265400 | NS      | $2163010.00   | 0.26%             |  |  |  | No            | 1                  | On Loan: No      |
| Independent Bank Corp                     | Independent Bank Corp                      | CUSIP: 453836108<br>LEI: 549300C5K3W8THR3GE10 | Long             | EC               | CORP              | US        |     10300 | NS      | $774663.00    | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| International Money Express In            | International Money Express Inc            | CUSIP: 46005L101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     87700 | NS      | $1385660.00   | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| Leggett & Platt Inc                       | Leggett & Platt Inc                        | CUSIP: 524660107<br>LEI: DKOVQUCDW4ZLYCUD4T55 | Long             | EC               | CORP              | US        |    150400 | NS      | $1485952.00   | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| ManpowerGroup Inc                         | ManpowerGroup Inc                          | CUSIP: 56418H100<br>LEI: ERO1WSFOSR0JJ6CRQ987 | Long             | EC               | CORP              | US        |     63100 | NS      | $1858926.00   | 0.22%             |  |  |  | No            | 1                  | On Loan: No      |
| Mattel Inc                                | Mattel Inc                                 | CUSIP: 577081102<br>LEI: 549300VELLG24KHTJ564 | Long             | EC               | CORP              | US        |     89000 | NS      | $1293170.00   | 0.16%             |  |  |  | No            | 1                  | On Loan: No      |
| Molina Healthcare Inc                     | Molina Healthcare Inc                      | CUSIP: 60855R100<br>LEI: 549300NQQCEQ46YHZ591 | Long             | EC               | CORP              | US        |     25200 | NS      | $3359160.00   | 0.41%             |  |  |  | No            | 1                  | On Loan: No      |
| NMI Holdings Inc                          | NMI Holdings Inc                           | CUSIP: 629209305<br>LEI: 529900KNNGFXJX1C3Z08 | Long             | EC               | CORP              | US        |     89070 | NS      | $3341015.70   | 0.40%             |  |  |  | No            | 1                  | On Loan: No      |
| NextDecade Corp                           | NextDecade Corp                            | CUSIP: 65342K105<br>LEI: 549300XB4GCLNGHFTT48 | Long             | EC               | CORP              | US        |    517350 | NS      | $3962901.00   | 0.48%             |  |  |  | No            | 1                  | On Loan: No      |
| Olin Corp                                 | Olin Corp                                  | CUSIP: 680665205<br>LEI: 549300GKK294V7W57P06 | Long             | EC               | CORP              | US        |    142700 | NS      | $4242471.00   | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| Photronics Inc                            | Photronics Inc                             | CUSIP: 719405102<br>LEI: 549300OK5JVNIBNY6F63 | Long             | EC               | CORP              | US        |     88200 | NS      | $3564162.00   | 0.43%             |  |  |  | No            | 1                  | On Loan: No      |
| Upbound Group Inc                         | Upbound Group Inc                          | CUSIP: 76009N100<br>LEI: 529900QUHE15UQNCCJ63 | Long             | EC               | CORP              | US        |    171500 | NS      | $3095575.00   | 0.37%             |  |  |  | No            | 1                  | On Loan: No      |
| REX American Resources Corp               | REX American Resources Corp                | CUSIP: 761624105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     77210 | NS      | $3518459.70   | 0.43%             |  |  |  | No            | 1                  | On Loan: No      |
| H2O America                               | H2O America                                | CUSIP: 784305104<br>LEI: 9845001B7F4E4U1CHD46 | Long             | EC               | CORP              | US        |     46900 | NS      | $2751623.00   | 0.33%             |  |  |  | No            | 1                  | On Loan: —       |
| Timken Co/The                             | Timken Co/The                              | CUSIP: 887389104<br>LEI: B0I35MLPFXZSE70ASS73 | Long             | EC               | CORP              | US        |     32300 | NS      | $3248411.00   | 0.39%             |  |  |  | No            | 1                  | On Loan: No      |
| UFP Industries Inc                        | UFP Industries Inc                         | CUSIP: 90278Q108<br>LEI: 5493007KB485C9OV5572 | Long             | EC               | CORP              | US        |     30500 | NS      | $2809660.00   | 0.34%             |  |  |  | No            | 1                  | On Loan: No      |
| Virtus Investment Partners Inc            | Virtus Investment Partners Inc             | CUSIP: 92828Q109<br>LEI: 549300HWF93HB8BDM648 | Long             | EC               | CORP              | US        |     24700 | NS      | $3318445.00   | 0.40%             |  |  |  | No            | 1                  | On Loan: No      |
| Wendy's Co/The                            | Wendy's Co/The                             | CUSIP: 95058W100<br>LEI: 529900M0JIUCMWVKHG76 | Long             | EC               | CORP              | US        |    423600 | NS      | $2944020.00   | 0.36%             |  |  |  | No            | 1                  | On Loan: —       |
| Amdocs Ltd                                | Amdocs Ltd                                 | CUSIP: N/A<br>LEI: 549300HQV672RJ7RQV66       | Long             | EC               | CORP              | US        |     50000 | NS      | $3263000.00   | 0.39%             |  |  |  | No            | 1                  | On Loan: No      |
| Expro Group Holdings NV                   | Expro Group Holdings NV                    | CUSIP: N/A<br>LEI: 724500LJYA8QIT73H017       | Long             | EC               | CORP              | US        |    237463 | NS      | $4134230.83   | 0.50%             |  |  |  | No            | 1                  | On Loan: No      |
| Mount Vernon Liquid Assets Portfolio, LLC | Mount Vernon Liquid Assets Portfolio, LLC  | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | PF                | US        |  15106023 | NS      | $15106023.25  | 1.83%             |  |  |  | No            | N/A                | On Loan: No      |

### Signature

**Date Signed:** 2026-06-01

**Name of Applicant:** HOTCHKIS & WILEY FUNDS/DE/

**Signature:** /s/ James Menvielle

**Name of Signer:** James Menvielle

**Title:** Treasurer / Principal Financial Officer