# EDGAR Filing Document

**Accession Number:** 0001376772
**File Stem:** 0001376772-23-000004
**Filing Date:** 2023-2
**Character Count:** 34791
**Document Hash:** 0331e54bb8c13b067dd84fe1be60bb3a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001376772-23-000004.hdr.sgml**: 20230214

**ACCESSION NUMBER**: 0001376772-23-000004

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230214

**DATE AS OF CHANGE**: 20230214

**EFFECTIVENESS DATE**: 20230214

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Dorsey Wright & Associates
- **CENTRAL INDEX KEY:** 0001376772
- **IRS NUMBER:** 541395937
- **STATE OF INCORPORATION:** VA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-12076
- **FILM NUMBER:** 23623010

**BUSINESS ADDRESS:**
- **STREET 1:** 790 EAST COLORADO BLVD., STE. 808
- **CITY:** PASADENA
- **STATE:** CA
- **ZIP:** 91101
- **BUSINESS PHONE:** 626-535-0630

**MAIL ADDRESS:**
- **STREET 1:** 790 EAST COLORADO BLVD., STE. 808
- **CITY:** PASADENA
- **STATE:** CA
- **ZIP:** 91101

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Dorsey Wright  Associates<br>**Address:** 790 EAST COLORADO BLVD. STE. 808<br>PASADENA, CA 91101

**Form 13F File Number:** 028-12076

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Lisa Johnson<br>**Title:** Chief Compliance Officer<br>**Phone:** 3019788346

**Signature, Place, and Date of Signing:**

Lisa Johnson  Rockville, MD  02-14-2023<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 324

**Form 13F Information Table Value Total:** $342787699

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ABB LTD SPONSORED ADR | COM | 000375204 |  | 2444706 | 80260 | SH |  | SOLE |  | 80260 | 0 | 0 |
| ABBVIE INC COM | COM | 00287Y109 |  | 2733148 | 16912 | SH |  | SOLE |  | 16912 | 0 | 0 |
| ACADIA HEALTHCARE COM | COM | 00404A109 |  | 2525578 | 30680 | SH |  | SOLE |  | 30680 | 0 | 0 |
| AEGON N V NY REGISTRY | COM | 007924103 |  | 2192909 | 435101 | SH |  | SOLE |  | 435101 | 0 | 0 |
| AES CORP COM | COM | 00130H105 |  | 282711 | 9830 | SH |  | SOLE |  | 9830 | 0 | 0 |
| AFLAC INC COM | COM | 001055102 |  | 3066964 | 42632 | SH |  | SOLE |  | 42632 | 0 | 0 |
| AMERICA MOVIL SAB DE | COM | 02364W105 |  | 2163524 | 118875 | SH |  | SOLE |  | 118875 | 0 | 0 |
| AMERICAN FINL GROUP I | COM | 025932104 |  | 2694422 | 19627 | SH |  | SOLE |  | 19627 | 0 | 0 |
| AMERICAN INTL GROUP I | COM | 026874784 |  | 289197 | 4573 | SH |  | SOLE |  | 4573 | 0 | 0 |
| ANTHEM INC COM | COM | 036752103 |  | 1727170 | 3367 | SH |  | SOLE |  | 3367 | 0 | 0 |
| APA CORPORATION COM | COM | 03743Q108 |  | 3670427 | 78630 | SH |  | SOLE |  | 78630 | 0 | 0 |
| ARCHER DANIELS MIDLAN | COM | 039483102 |  | 4368554 | 47050 | SH |  | SOLE |  | 47050 | 0 | 0 |
| ARGENX SE SPONSORED A | COM | 04016X101 |  | 1840735 | 4859 | SH |  | SOLE |  | 4859 | 0 | 0 |
| ASTRAZENECA PLC SPONS | COM | 046353108 |  | 1963217 | 28956 | SH |  | SOLE |  | 28956 | 0 | 0 |
| BAE SYS PLC SPONSORED | COM | 05523R107 |  | 2168398 | 52647 | SH |  | SOLE |  | 52647 | 0 | 0 |
| BANCO BILBAO VIZCAYA | COM | 05946K101 |  | 1970120 | 327807 | SH |  | SOLE |  | 327807 | 0 | 0 |
| BELDEN INC COM | COM | 077454106 |  | 2470488 | 34360 | SH |  | SOLE |  | 34360 | 0 | 0 |
| BERKLEY W R CORP COM | COM | 084423102 |  | 4852611 | 66868 | SH |  | SOLE |  | 66868 | 0 | 0 |
| BERKSHIRE HATHAWAY IN | COM | 084670702 |  | 2441546 | 7904 | SH |  | SOLE |  | 7904 | 0 | 0 |
| BLOCK H  R INC COM | COM | 093671105 |  | 7483226 | 204964 | SH |  | SOLE |  | 204964 | 0 | 0 |
| BRITISH AMERN TOB PLC | COM | 110448107 |  | 2151644 | 53818 | SH |  | SOLE |  | 53818 | 0 | 0 |
| CABOT CORP | COM | 127055101 |  | 252054 | 3771 | SH |  | SOLE |  | 3771 | 0 | 0 |
| CABOT OIL  GAS CORP | COM | 127097103 |  | 3373795 | 137314 | SH |  | SOLE |  | 137314 | 0 | 0 |
| CADENCE DESIGN SYSTEM | COM | 127387108 |  | 2133460 | 13281 | SH |  | SOLE |  | 13281 | 0 | 0 |
| CANON INC SPONSORED A | COM | 138006309 |  | 1857109 | 85660 | SH |  | SOLE |  | 85660 | 0 | 0 |
| CENTRAIS ELETRICAS BR | COM | 15234Q207 |  | 1850640 | 233372 | SH |  | SOLE |  | 233372 | 0 | 0 |
| CF INDS HLDGS INC COM | COM | 125269100 |  | 1963093 | 23041 | SH |  | SOLE |  | 23041 | 0 | 0 |
| CIA PARANAENSE DE ENE | COM | 20441B605 |  | 1932996 | 268845 | SH |  | SOLE |  | 268845 | 0 | 0 |
| CIGNA CORP | COM | 125523100 |  | 323057 | 975 | SH |  | SOLE |  | 975 | 0 | 0 |
| COCA COLA FEMSA S A B | COM | 191241108 |  | 1897993 | 27961 | SH |  | SOLE |  | 27961 | 0 | 0 |
| COMMERCIAL METALS CO | COM | 201723103 |  | 3423504 | 70880 | SH |  | SOLE |  | 70880 | 0 | 0 |
| CONSTELLATION ENERGY | COM | 21037T109 |  | 1434121 | 16635 | SH |  | SOLE |  | 16635 | 0 | 0 |
| COPA HOLDINGS SA CL A | COM | P31076105 |  | 1842631 | 22155 | SH |  | SOLE |  | 22155 | 0 | 0 |
| CREDICORP LTD COM | COM | G2519Y108 |  | 2090385 | 15409 | SH |  | SOLE |  | 15409 | 0 | 0 |
| CULLEN FROST BANKERS | COM | 229899109 |  | 2499754 | 18697 | SH |  | SOLE |  | 18697 | 0 | 0 |
| CUMMINS ENGINE INC CO | COM | 231021106 |  | 268215 | 1107 | SH |  | SOLE |  | 1107 | 0 | 0 |
| CURTISS WRIGHT CORP C | COM | 231561101 |  | 3617838 | 21665 | SH |  | SOLE |  | 21665 | 0 | 0 |
| DEVON ENERGY CORP NEW | COM | 25179M103 |  | 11043394 | 179538 | SH |  | SOLE |  | 179538 | 0 | 0 |
| DIAGEO P L C SPON ADR | COM | 25243Q205 |  | 2580180 | 14480 | SH |  | SOLE |  | 14480 | 0 | 0 |
| DIAMONDBACK ENERGY IN | COM | 25278X109 |  | 1806453 | 13207 | SH |  | SOLE |  | 13207 | 0 | 0 |
| DIANA SHIPPING INC CO | COM | Y2066G104 |  | 1430004 | 366668 | SH |  | SOLE |  | 366668 | 0 | 0 |
| EMCOR GROUP INC COM | COM | 29084Q100 |  | 2453294 | 16564 | SH |  | SOLE |  | 16564 | 0 | 0 |
| ENPHASE ENERGY INC CO | COM | 29355A107 |  | 3769586 | 14227 | SH |  | SOLE |  | 14227 | 0 | 0 |
| EQT CORP COM | COM | 26884L109 |  | 2823372 | 83458 | SH |  | SOLE |  | 83458 | 0 | 0 |
| EQUINOR ASA SPONSORED | COM | 29446M102 |  | 2801678 | 78237 | SH |  | SOLE |  | 78237 | 0 | 0 |
| EXXON MOBIL CORP COM | COM | 30231G102 |  | 398955 | 3617 | SH |  | SOLE |  | 3617 | 0 | 0 |
| FLUOR CORP NEW COM | COM | 343412102 |  | 4562123 | 131625 | SH |  | SOLE |  | 131625 | 0 | 0 |
| FOMENTO ECONOMICO MEX | COM | 344419106 |  | 1834414 | 23482 | SH |  | SOLE |  | 23482 | 0 | 0 |
| GALLAGHER ARTHUR J | COM | 363576109 |  | 3180075 | 16867 | SH |  | SOLE |  | 16867 | 0 | 0 |
| GENMAB A/S | COM | 372303206 |  | 2638833 | 62266 | SH |  | SOLE |  | 62266 | 0 | 0 |
| GERDAU S A SPON ADR R | COM | 373737105 |  | 1982218 | 357801 | SH |  | SOLE |  | 357801 | 0 | 0 |
| GRAINGER W W INC COM | COM | 384802104 |  | 2085938 | 3750 | SH |  | SOLE |  | 3750 | 0 | 0 |
| GREIF BROS CORP | COM | 397624107 |  | 256639 | 3827 | SH |  | SOLE |  | 3827 | 0 | 0 |
| HANCOCK HLDG CO COM | COM | 410120109 |  | 2279895 | 47115 | SH |  | SOLE |  | 47115 | 0 | 0 |
| HDFC BANK LTD ADR REP | COM | 40415F101 |  | 1917943 | 28036 | SH |  | SOLE |  | 28036 | 0 | 0 |
| HUBBELL INC COM | COM | 443510607 |  | 1379684 | 5879 | SH |  | SOLE |  | 5879 | 0 | 0 |
| ICICI BK LTD ADR | COM | 45104G104 |  | 3660045 | 167202 | SH |  | SOLE |  | 167202 | 0 | 0 |
| IDEX CORP COM | COM | 45167R104 |  | 2440619 | 10689 | SH |  | SOLE |  | 10689 | 0 | 0 |
| ING GROEP N V SPONSOR | COM | 456837103 |  | 1882711 | 154701 | SH |  | SOLE |  | 154701 | 0 | 0 |
| INVESCO DB COMMODITY | COM | 46138B103 |  | 3571465 | 144887 | SH |  | SOLE |  | 144887 | 0 | 0 |
| INVESCO DB ENERGY FUN | COM | 46140H304 |  | 3529084 | 155672 | SH |  | SOLE |  | 155672 | 0 | 0 |
| INVESCO HIGH YIELD EQ | COM | 46137V563 |  | 2362943 | 114207 | SH |  | SOLE |  | 114207 | 0 | 0 |
| IRON MTN INC NEW COM | COM | 46284V101 |  | 250546 | 5026 | SH |  | SOLE |  | 5026 | 0 | 0 |
| ISHARES TR 20 YR TR B | COM | 464287432 |  | 2686726 | 26986 | SH |  | SOLE |  | 26986 | 0 | 0 |
| ISHARES TR 7-10 Y TR | COM | 464287440 |  | 1521564 | 15886 | SH |  | SOLE |  | 15886 | 0 | 0 |
| ISHARES TR GRWT ALLOC | COM | 464289867 |  | 2364602 | 50140 | SH |  | SOLE |  | 50140 | 0 | 0 |
| ISHARES TR IBOXX HI Y | COM | 464288513 |  | 1017268 | 13816 | SH |  | SOLE |  | 13816 | 0 | 0 |
| ISHARES TR IBOXX INV | COM | 464287242 |  | 1050738 | 9966 | SH |  | SOLE |  | 9966 | 0 | 0 |
| ISHARES TR JP MOR EM | COM | 464288281 |  | 1036989 | 12259 | SH |  | SOLE |  | 12259 | 0 | 0 |
| ISHARES TR MSCI ACWI | COM | 464288240 |  | 812357 | 17854 | SH |  | SOLE |  | 17854 | 0 | 0 |
| ISHARES TR SELECT DIV | COM | 464287168 |  | 2263903 | 18772 | SH |  | SOLE |  | 18772 | 0 | 0 |
| ISHARES TR S MC 400 | COM | 464287705 |  | 2807381 | 27851 | SH |  | SOLE |  | 27851 | 0 | 0 |
| ITAU UNIBANCO BANCO M | COM | 465562106 |  | 1946530 | 413276 | SH |  | SOLE |  | 413276 | 0 | 0 |
| IVNESCO DB US DOLLAR | COM | 46141D203 |  | 2515693 | 90460 | SH |  | SOLE |  | 90460 | 0 | 0 |
| KBR INC COM | COM | 48242W106 |  | 5067610 | 95977 | SH |  | SOLE |  | 95977 | 0 | 0 |
| KEURIG DR PEPPER INC | COM | 49271V100 |  | 1842646 | 51673 | SH |  | SOLE |  | 51673 | 0 | 0 |
| KINSALE CAP GROUP INC | COM | 49714P108 |  | 5942268 | 22722 | SH |  | SOLE |  | 22722 | 0 | 0 |
| KT CORPORATION SPONSO | COM | 48268K101 |  | 2214135 | 164010 | SH |  | SOLE |  | 164010 | 0 | 0 |
| LAMB WESTON HLDGS INC | COM | 513272104 |  | 1485253 | 16621 | SH |  | SOLE |  | 16621 | 0 | 0 |
| LANCASTER COLONY CORP | COM | 513847103 |  | 1564589 | 7930 | SH |  | SOLE |  | 7930 | 0 | 0 |
| LEIDOS HLDGS INC COM | COM | 525327102 |  | 289588 | 2753 | SH |  | SOLE |  | 2753 | 0 | 0 |
| LILLY ELI AND COMPAN | COM | 532457108 |  | 8179482 | 22358 | SH |  | SOLE |  | 22358 | 0 | 0 |
| MAKEMYTRIP LIMITED MA | COM | V5633W109 |  | 2194544 | 79599 | SH |  | SOLE |  | 79599 | 0 | 0 |
| MARATHON OIL CORP COM | COM | 565849106 |  | 5318659 | 196478 | SH |  | SOLE |  | 196478 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 |  | 273017 | 1036 | SH |  | SOLE |  | 1036 | 0 | 0 |
| MCKESSON CORP COM | COM | 58155Q103 |  | 6641157 | 17704 | SH |  | SOLE |  | 17704 | 0 | 0 |
| MITSUBISHI UFJ FINL G | COM | 606822104 |  | 2444635 | 366512 | SH |  | SOLE |  | 366512 | 0 | 0 |
| MOLSON COORS BREWING | COM | 60871R209 |  | 232149 | 4506 | SH |  | SOLE |  | 4506 | 0 | 0 |
| MOSAIC CO NEW COM | COM | 61945C103 |  | 1540964 | 35126 | SH |  | SOLE |  | 35126 | 0 | 0 |
| NATIONAL FUEL  GAS C | COM | 636180101 |  | 3060878 | 48355 | SH |  | SOLE |  | 48355 | 0 | 0 |
| NEXTERA ENERGY INC CO | COM | 65339F101 |  | 2289804 | 27390 | SH |  | SOLE |  | 27390 | 0 | 0 |
| NORTHROP GRUMMAN CORP | COM | 666807102 |  | 6923245 | 12689 | SH |  | SOLE |  | 12689 | 0 | 0 |
| NOVO-NORDISK A S ADR | COM | 670100205 |  | 3890206 | 28744 | SH |  | SOLE |  | 28744 | 0 | 0 |
| NUCOR CORP COM | COM | 670346105 |  | 2713177 | 20584 | SH |  | SOLE |  | 20584 | 0 | 0 |
| NVENT ELECTRIC PLC SH | COM | G6700G107 |  | 312261 | 8117 | SH |  | SOLE |  | 8117 | 0 | 0 |
| NXP SEMICONDUCTORS N | COM | N6596X109 |  | 2212846 | 14003 | SH |  | SOLE |  | 14003 | 0 | 0 |
| OCCIDENTAL PETE CORP | COM | 674599105 |  | 1245753 | 19777 | SH |  | SOLE |  | 19777 | 0 | 0 |
| OCEANPAL INC COM NEW | COM | Y6430L160 |  | 21381 | 19262 | SH |  | SOLE |  | 19262 | 0 | 0 |
| OLIN CORP COM PAR $1 | COM | 680665205 |  | 2758248 | 52101 | SH |  | SOLE |  | 52101 | 0 | 0 |
| ONEOK INC NEW COM | COM | 682680103 |  | 2751319 | 41877 | SH |  | SOLE |  | 41877 | 0 | 0 |
| PJSC GAZPROM SPON ADR | COM | 368287207 |  | 129084 | 117349 | SH |  | SOLE |  | 117349 | 0 | 0 |
| QUANTA SVCS INC COM | COM | 74762E102 |  | 4303785 | 30202 | SH |  | SOLE |  | 30202 | 0 | 0 |
| RAYMOND JAMES FINANCI | COM | 754730109 |  | 2902306 | 27162 | SH |  | SOLE |  | 27162 | 0 | 0 |
| RELIANCE STEEL  ALUM | COM | 759509102 |  | 262362 | 1296 | SH |  | SOLE |  | 1296 | 0 | 0 |
| RELX PLC SPONSORED AD | COM | 759530108 |  | 2109850 | 76113 | SH |  | SOLE |  | 76113 | 0 | 0 |
| RYDER SYS INC COM | COM | 783549108 |  | 263914 | 3158 | SH |  | SOLE |  | 3158 | 0 | 0 |
| SELECT SECTOR SPDR TR | COM | 81369Y308 |  | 2586363 | 34693 | SH |  | SOLE |  | 34693 | 0 | 0 |
| SELECT SECTOR SPDR TR | COM | 81369Y209 |  | 2576395 | 18965 | SH |  | SOLE |  | 18965 | 0 | 0 |
| SELECT SECTOR SPDR TR | COM | 81369Y506 |  | 3597816 | 41132 | SH |  | SOLE |  | 41132 | 0 | 0 |
| SOCIEDAD QUIMICA MINE | COM | 833635105 |  | 1506900 | 18874 | SH |  | SOLE |  | 18874 | 0 | 0 |
| SPDR SERIES TRUST BRC | COM | 78464A359 |  | 1029018 | 15993 | SH |  | SOLE |  | 15993 | 0 | 0 |
| SPDR S 500 ETF TR T | COM | 78462F103 |  | 2366859 | 6189 | SH |  | SOLE |  | 6189 | 0 | 0 |
| TATA MTRS LTD SPONSOR | COM | 876568502 |  | 2873451 | 124338 | SH |  | SOLE |  | 124338 | 0 | 0 |
| TENARIS S A SPONSORED | COM | 88031M109 |  | 3859086 | 109758 | SH |  | SOLE |  | 109758 | 0 | 0 |
| TRIP COM GROUP LTD AD | COM | 89677Q107 |  | 1942362 | 56464 | SH |  | SOLE |  | 56464 | 0 | 0 |
| TSAKOS ENERGY NAVIGAT | COM | G9108L173 |  | 1736629 | 102577 | SH |  | SOLE |  | 102577 | 0 | 0 |
| UBS GROUP AG SHS | COM | H42097107 |  | 2416895 | 129453 | SH |  | SOLE |  | 129453 | 0 | 0 |
| UNITEDHEALTH GROUP IN | COM | 91324P102 |  | 2961585 | 5586 | SH |  | SOLE |  | 5586 | 0 | 0 |
| UNUMPROVIDENT CORP CO | COM | 91529Y106 |  | 5895668 | 143692 | SH |  | SOLE |  | 143692 | 0 | 0 |
| VALMONT INDS INC COM | COM | 920253101 |  | 3890994 | 11767 | SH |  | SOLE |  | 11767 | 0 | 0 |
| VERTEX PHARMACEUTICAL | COM | 92532F100 |  | 1589445 | 5504 | SH |  | SOLE |  | 5504 | 0 | 0 |
| WASTE MGMT INC DEL CO | COM | 94106L109 |  | 248655 | 1585 | SH |  | SOLE |  | 1585 | 0 | 0 |
| WISDOMTREE TR TOTAL D | COM | 97717W109 |  | 2560886 | 42224 | SH |  | SOLE |  | 42224 | 0 | 0 |
| YPF SOCIEDAD ANONIMA | COM | 984245100 |  | 2033205 | 221241 | SH |  | SOLE |  | 221241 | 0 | 0 |
| ABB LTD-SPON ADR | COM | 000375204 |  | 976334 | 32053 | SH |  | SOLE |  | 32053 | 0 | 0 |
| AEGON N.V.-NY REG SHR | COM | 007924103 |  | 906983 | 179957 | SH |  | SOLE |  | 179957 | 0 | 0 |
| AMERICA MOVIL-SPN ADR CL L | COM | 02364W105 |  | 878641 | 48277 | SH |  | SOLE |  | 48277 | 0 | 0 |
| ARGENX SE - ADR | COM | 04016X101 |  | 754629 | 1992 | SH |  | SOLE |  | 1992 | 0 | 0 |
| ASTRAZENECA PLC-SPONS ADR | COM | 046353108 |  | 792989 | 11696 | SH |  | SOLE |  | 11696 | 0 | 0 |
| BAE SYSTEMS PLC -SPON ADR | COM | 05523R107 |  | 797594 | 18925 | SH |  | SOLE |  | 18925 | 0 | 0 |
| BANCO BILBAO VIZCAYA-SP ADR | COM | 05946K101 |  | 797395 | 132678 | SH |  | SOLE |  | 132678 | 0 | 0 |
| BRITISH AMERICAN TOB-SP ADR | COM | 110448107 |  | 899830 | 22507 | SH |  | SOLE |  | 22507 | 0 | 0 |
| CANON INC-SPONS ADR | COM | 138006309 |  | 742648 | 34255 | SH |  | SOLE |  | 34255 | 0 | 0 |
| CENTRAIS ELETRICAS BR-SP ADR | COM | 15234Q207 |  | 791985 | 99872 | SH |  | SOLE |  | 99872 | 0 | 0 |
| COCA-COLA FEMSA SAB-SP ADR | COM | 191241108 |  | 783810 | 11547 | SH |  | SOLE |  | 11547 | 0 | 0 |
| CIA PARANAENSE ENER-SP ADR | COM | 20441B605 |  | 752038 | 104595 | SH |  | SOLE |  | 104595 | 0 | 0 |
| DIAGEO PLC-SPONSORED ADR | COM | 25243Q205 |  | 1068427 | 5996 | SH |  | SOLE |  | 5996 | 0 | 0 |
| EQUINOR ASA-SPON ADR | COM | 29446M102 |  | 1168659 | 32635 | SH |  | SOLE |  | 32635 | 0 | 0 |
| FOMENTO ECONOMICO MEX-SP ADR | COM | 344419106 |  | 716360 | 9170 | SH |  | SOLE |  | 9170 | 0 | 0 |
| GENMAB A/S -SP ADR | COM | 372303206 |  | 1067340 | 25185 | SH |  | SOLE |  | 25185 | 0 | 0 |
| GERDAU SA -SPON ADR | COM | 373737105 |  | 719208 | 129821 | SH |  | SOLE |  | 129821 | 0 | 0 |
| HDFC BANK LTD-ADR | COM | 40415F101 |  | 777138 | 11360 | SH |  | SOLE |  | 11360 | 0 | 0 |
| ICICI BANK LTD-SPON ADR | COM | 45104G104 |  | 1397698 | 63851 | SH |  | SOLE |  | 63851 | 0 | 0 |
| ING GROEP N.V.-SPONSORED ADR | COM | 456837103 |  | 725989 | 59654 | SH |  | SOLE |  | 59654 | 0 | 0 |
| ITAU UNIBANCO H-SPON PRF ADR | COM | 465562106 |  | 847258 | 179885 | SH |  | SOLE |  | 179885 | 0 | 0 |
| KT CORP-SP ADR | COM | 48268K101 |  | 908051 | 67263 | SH |  | SOLE |  | 67263 | 0 | 0 |
| MITSUBISHI UFJ FINL-SPON ADR | COM | 606822104 |  | 1026453 | 153891 | SH |  | SOLE |  | 153891 | 0 | 0 |
| NOVO-NORDISK A/S-SPONS ADR | COM | 670100205 |  | 1554786 | 11488 | SH |  | SOLE |  | 11488 | 0 | 0 |
| RELX PLC - SPON ADR | COM | 759530108 |  | 874705 | 31555 | SH |  | SOLE |  | 31555 | 0 | 0 |
| QUIMICA Y MINERA CHIL-SP ADR | COM | 833635105 |  | 664428 | 8322 | SH |  | SOLE |  | 8322 | 0 | 0 |
| TATA MOTORS LTD-SPON ADR | COM | 876568502 |  | 1171977 | 50713 | SH |  | SOLE |  | 50713 | 0 | 0 |
| TENARIS SA-ADR | COM | 88031M109 |  | 1562088 | 44428 | SH |  | SOLE |  | 44428 | 0 | 0 |
| TRIP.COM GROUP LTD-ADR | COM | 89677Q107 |  | 722469 | 21002 | SH |  | SOLE |  | 21002 | 0 | 0 |
| YPF S.A.-SPONSORED ADR | COM | 984245100 |  | 886091 | 96419 | SH |  | SOLE |  | 96419 | 0 | 0 |
| CREDICORP LTD | COM | G2519Y108 |  | 899697 | 6632 | SH |  | SOLE |  | 6632 | 0 | 0 |
| TSAKOS ENERGY NAVIGATION LTD | COM | G9108L173 |  | 742651 | 43866 | SH |  | SOLE |  | 43866 | 0 | 0 |
| UBS GROUP AG-REG | COM | H42097107 |  | 1014397 | 54333 | SH |  | SOLE |  | 54333 | 0 | 0 |
| NXP SEMICONDUCTORS NV | COM | N6596X109 |  | 913255 | 5779 | SH |  | SOLE |  | 5779 | 0 | 0 |
| COPA HOLDINGS SA-CLASS A | COM | P31076105 |  | 769738 | 9255 | SH |  | SOLE |  | 9255 | 0 | 0 |
| MAKEMYTRIP LTD | COM | V5633W109 |  | 859633 | 31180 | SH |  | SOLE |  | 31180 | 0 | 0 |
| INVESCO GOVT AGENCY PRIV 1903 | COM | X9USDAIMP |  | 44 | 44 | SH |  | SOLE |  | 44 | 0 | 0 |
| DIANA SHIPPING INC | COM | Y2066G104 |  | 629643 | 161447 | SH |  | SOLE |  | 161447 | 0 | 0 |
| OCEANPAL INC | COM | Y6430L160 |  | 22241 | 20037 | SH |  | SOLE |  | 20037 | 0 | 0 |
| Aehr Test Systems | COM | 00760J108 |  | 27396 | 1363 | SH |  | SOLE |  | 1363 | 0 | 0 |
| ALDEYRA THERAPEUTICS INC | COM | 01438T106 |  | 24917 | 3580 | SH |  | SOLE |  | 3580 | 0 | 0 |
| ALPHA METALLURGICAL RESOURCE | COM | 020764106 |  | 164542 | 1124 | SH |  | SOLE |  | 1124 | 0 | 0 |
| ALTA EQUIPMENT GROUP INC | COM | 02128L106 |  | 24441 | 1853 | SH |  | SOLE |  | 1853 | 0 | 0 |
| AMALGAMATED FINANCIAL CORP | COM | 022671101 |  | 25275 | 1097 | SH |  | SOLE |  | 1097 | 0 | 0 |
| AMBAC FINANCIAL GROUP INC | COM | 023139884 |  | 29055 | 1666 | SH |  | SOLE |  | 1666 | 0 | 0 |
| ASTRIA THERAPEUTICS INC | COM | 04635X102 |  | 33800 | 2270 | SH |  | SOLE |  | 2270 | 0 | 0 |
| AVIAT NETWORKS INC | COM | 05366Y201 |  | 23393 | 750 | SH |  | SOLE |  | 750 | 0 | 0 |
| AXOGEN INC | COM | 05463X106 |  | 19581 | 1962 | SH |  | SOLE |  | 1962 | 0 | 0 |
| BCB BANCORP INC | COM | 055298103 |  | 21966 | 1221 | SH |  | SOLE |  | 1221 | 0 | 0 |
| BRT APARTMENTS CORP | COM | 055645303 |  | 24471 | 1246 | SH |  | SOLE |  | 1246 | 0 | 0 |
| BARRETT BUSINESS SVCS INC | COM | 068463108 |  | 28917 | 310 | SH |  | SOLE |  | 310 | 0 | 0 |
| BAYCOM CORP | COM | 07272M107 |  | 23592 | 1243 | SH |  | SOLE |  | 1243 | 0 | 0 |
| BEL FUSE INC-CL B | COM | 077347300 |  | 52804 | 1604 | SH |  | SOLE |  | 1604 | 0 | 0 |
| BIGLARI HOLDINGS INC-B | COM | 08986R309 |  | 22486 | 162 | SH |  | SOLE |  | 162 | 0 | 0 |
| BUSINESS FIRST BANCSHARES | COM | 12326C105 |  | 21631 | 977 | SH |  | SOLE |  | 977 | 0 | 0 |
| BYLINE BANCORP INC | COM | 124411109 |  | 26438 | 1151 | SH |  | SOLE |  | 1151 | 0 | 0 |
| CECO ENVIRONMENTAL CORP | COM | 125141101 |  | 37726 | 3230 | SH |  | SOLE |  | 3230 | 0 | 0 |
| CNB FINANCIAL CORP/PA | COM | 126128107 |  | 21411 | 900 | SH |  | SOLE |  | 900 | 0 | 0 |
| CRA INTERNATIONAL INC | COM | 12618T105 |  | 38933 | 318 | SH |  | SOLE |  | 318 | 0 | 0 |
| CALERES INC | COM | 129500104 |  | 26402 | 1185 | SH |  | SOLE |  | 1185 | 0 | 0 |
| CAMBRIDGE BANCORP | COM | 132152109 |  | 21513 | 259 | SH |  | SOLE |  | 259 | 0 | 0 |
| CAPITAL CITY BANK GROUP INC | COM | 139674105 |  | 24668 | 759 | SH |  | SOLE |  | 759 | 0 | 0 |
| CAPSTAR FINANCIAL HOLDINGS I | COM | 14070T102 |  | 24742 | 1401 | SH |  | SOLE |  | 1401 | 0 | 0 |
| CARTER BANKSHARES INC | COM | 146103106 |  | 26594 | 1603 | SH |  | SOLE |  | 1603 | 0 | 0 |
| CHICAGO ATLANTIC REAL ESTATE | COM | 167239102 |  | 22032 | 1462 | SH |  | SOLE |  | 1462 | 0 | 0 |
| CHINA AUTOMOTIVE SYSTEMS INC | COM | 16936R105 |  | 20300 | 3500 | SH |  | SOLE |  | 3500 | 0 | 0 |
| CHUY'S HOLDINGS INC | COM | 171604101 |  | 20942 | 740 | SH |  | SOLE |  | 740 | 0 | 0 |
| CIVEO CORP | COM | 17878Y207 |  | 37662 | 1211 | SH |  | SOLE |  | 1211 | 0 | 0 |
| CIVISTA BANCSHARES INC | COM | 178867107 |  | 22780 | 1035 | SH |  | SOLE |  | 1035 | 0 | 0 |
| CLEARWATER PAPER CORP | COM | 18538R103 |  | 24350 | 644 | SH |  | SOLE |  | 644 | 0 | 0 |
| COASTAL FINANCIAL CORP/WA | COM | 19046P209 |  | 44336 | 933 | SH |  | SOLE |  | 933 | 0 | 0 |
| COMPUTER PROGRAMS  SYSTEMS | COM | 205306103 |  | 18374 | 675 | SH |  | SOLE |  | 675 | 0 | 0 |
| COVENANT LOGISTICS GROUP INC | COM | 22284P105 |  | 33256 | 962 | SH |  | SOLE |  | 962 | 0 | 0 |
| CRESCENT CAPITAL BDC INC | COM | 225655109 |  | 17981 | 1407 | SH |  | SOLE |  | 1407 | 0 | 0 |
| CROSS TIMBERS ROYALTY TRUST | COM | 22757R109 |  | 34268 | 1347 | SH |  | SOLE |  | 1347 | 0 | 0 |
| CTO REALTY GROWTH INC | COM | 22948Q101 |  | 25208 | 1379 | SH |  | SOLE |  | 1379 | 0 | 0 |
| CYMABAY THERAPEUTICS INC | COM | 23257D103 |  | 38636 | 6162 | SH |  | SOLE |  | 6162 | 0 | 0 |
| DLH HOLDINGS CORP | COM | 23335Q100 |  | 17489 | 1474 | SH |  | SOLE |  | 1474 | 0 | 0 |
| DXP ENTERPRISES INC | COM | 233377407 |  | 20249 | 735 | SH |  | SOLE |  | 735 | 0 | 0 |
| DIAMOND HILL INVESTMENT GRP | COM | 25264R207 |  | 24793 | 134 | SH |  | SOLE |  | 134 | 0 | 0 |
| DIAMOND OFFSHORE DRILLING IN | COM | 25271C201 |  | 37346 | 3591 | SH |  | SOLE |  | 3591 | 0 | 0 |
| DIGI INTERNATIONAL INC | COM | 253798102 |  | 41996 | 1149 | SH |  | SOLE |  | 1149 | 0 | 0 |
| DONEGAL GROUP INC-CL A | COM | 257701201 |  | 18531 | 1305 | SH |  | SOLE |  | 1305 | 0 | 0 |
| DONNELLEY FINANCIAL SOLUTION | COM | 25787G100 |  | 49511 | 1281 | SH |  | SOLE |  | 1281 | 0 | 0 |
| DYNE THERAPEUTICS INC | COM | 26818M108 |  | 20085 | 1733 | SH |  | SOLE |  | 1733 | 0 | 0 |
| 89BIO INC | COM | 282559103 |  | 36917 | 2900 | SH |  | SOLE |  | 2900 | 0 | 0 |
| EPSILON ENERGY LTD | COM | 294375209 |  | 24226 | 3654 | SH |  | SOLE |  | 3654 | 0 | 0 |
| EQUITY BANCSHARES INC - CL A | COM | 29460X109 |  | 24960 | 764 | SH |  | SOLE |  | 764 | 0 | 0 |
| ESQUIRE FINANCIAL HOLDINGS I | COM | 29667J101 |  | 37593 | 869 | SH |  | SOLE |  | 869 | 0 | 0 |
| ETHAN ALLEN INTERIORS INC | COM | 297602104 |  | 24386 | 923 | SH |  | SOLE |  | 923 | 0 | 0 |
| EZCORP INC-CL A | COM | 302301106 |  | 30416 | 3732 | SH |  | SOLE |  | 3732 | 0 | 0 |
| FS BANCORP INC | COM | 30263Y104 |  | 27354 | 818 | SH |  | SOLE |  | 818 | 0 | 0 |
| FARMLAND PARTNERS INC | COM | 31154R109 |  | 26515 | 2128 | SH |  | SOLE |  | 2128 | 0 | 0 |
| FIRST BANK/HAMILTON NJ | COM | 31931U102 |  | 27850 | 2024 | SH |  | SOLE |  | 2024 | 0 | 0 |
| FIRST BUSINESS FINANCIAL SER | COM | 319390100 |  | 29021 | 794 | SH |  | SOLE |  | 794 | 0 | 0 |
| FIRST GUARANTY BANCSHARES IN | COM | 32043P106 |  | 22231 | 948 | SH |  | SOLE |  | 948 | 0 | 0 |
| FIVE STAR BANCORP | COM | 33830T103 |  | 23236 | 853 | SH |  | SOLE |  | 853 | 0 | 0 |
| FORUM ENERGY TECHNOLOGIES IN | COM | 34984V209 |  | 34191 | 1159 | SH |  | SOLE |  | 1159 | 0 | 0 |
| FRANKLIN COVEY CO | COM | 353469109 |  | 31476 | 673 | SH |  | SOLE |  | 673 | 0 | 0 |
| GARRETT MOTION INC | COM | 366505105 |  | 24277 | 3186 | SH |  | SOLE |  | 3186 | 0 | 0 |
| GENIE ENERGY LTD-B | COM | 372284208 |  | 26843 | 2596 | SH |  | SOLE |  | 2596 | 0 | 0 |
| GLOBAL PARTNERS LP | COM | 37946R109 |  | 35848 | 1031 | SH |  | SOLE |  | 1031 | 0 | 0 |
| GOLDEN ENTERTAINMENT INC | COM | 381013101 |  | 39270 | 1050 | SH |  | SOLE |  | 1050 | 0 | 0 |
| GREEN PLAINS PARTNERS LP | COM | 393221106 |  | 24987 | 1928 | SH |  | SOLE |  | 1928 | 0 | 0 |
| GREENE COUNTY BANCORP INC | COM | 394357107 |  | 28308 | 493 | SH |  | SOLE |  | 493 | 0 | 0 |
| HACKETT GROUP INC/THE | COM | 404609109 |  | 26562 | 1304 | SH |  | SOLE |  | 1304 | 0 | 0 |
| HALLADOR ENERGY CO | COM | 40609P105 |  | 55604 | 5566 | SH |  | SOLE |  | 5566 | 0 | 0 |
| HANMI FINANCIAL CORPORATION | COM | 410495204 |  | 32918 | 1330 | SH |  | SOLE |  | 1330 | 0 | 0 |
| HARROW HEALTH INC | COM | 415858109 |  | 38376 | 2600 | SH |  | SOLE |  | 2600 | 0 | 0 |
| HAWKINS INC | COM | 420261109 |  | 20226 | 524 | SH |  | SOLE |  | 524 | 0 | 0 |
| HAYNES INTERNATIONAL INC | COM | 420877201 |  | 30658 | 671 | SH |  | SOLE |  | 671 | 0 | 0 |
| HELIX ENERGY SOLUTIONS GROUP | COM | 42330P107 |  | 37225 | 5044 | SH |  | SOLE |  | 5044 | 0 | 0 |
| HERITAGE-CRYSTAL CLEAN INC | COM | 42726M106 |  | 27640 | 851 | SH |  | SOLE |  | 851 | 0 | 0 |
| HERSHA HOSPITALITY TRUST-A | COM | 427825500 |  | 19076 | 2239 | SH |  | SOLE |  | 2239 | 0 | 0 |
| HINGHAM INSTITUTION FOR SVGS | COM | 433323102 |  | 20145 | 73 | SH |  | SOLE |  | 73 | 0 | 0 |
| HIREQUEST INC | COM | 433535101 |  | 21391 | 1353 | SH |  | SOLE |  | 1353 | 0 | 0 |
| HOMETRUST BANCSHARES INC | COM | 437872104 |  | 19868 | 822 | SH |  | SOLE |  | 822 | 0 | 0 |
| HUDSON TECHNOLOGIES INC | COM | 444144109 |  | 70020 | 6919 | SH |  | SOLE |  | 6919 | 0 | 0 |
| IMARA INC | COM | 45249V107 |  | 22495 | 5500 | SH |  | SOLE |  | 5500 | 0 | 0 |
| INDEPENDENT BANK CORP - MICH | COM | 453838609 |  | 25379 | 1061 | SH |  | SOLE |  | 1061 | 0 | 0 |
| INSPIRED ENTERTAINMENT INC | COM | 45782N108 |  | 25340 | 2000 | SH |  | SOLE |  | 2000 | 0 | 0 |
| INVESTORS TITLE CO | COM | 461804106 |  | 19477 | 132 | SH |  | SOLE |  | 132 | 0 | 0 |
| J. JILL INC | COM | 46620W201 |  | 31794 | 1282 | SH |  | SOLE |  | 1282 | 0 | 0 |
| JOHN MARSHALL BANCORP INC | COM | 47805L101 |  | 24578 | 854 | SH |  | SOLE |  | 854 | 0 | 0 |
| KLX ENERGY SERVICES HOLDING | COM | 48253L205 |  | 57123 | 3300 | SH |  | SOLE |  | 3300 | 0 | 0 |
| KIMBALL ELECTRONICS INC | COM | 49428J109 |  | 26769 | 1185 | SH |  | SOLE |  | 1185 | 0 | 0 |
| KIMBELL ROYALTY PARTNERS LP | COM | 49435R102 |  | 32816 | 1965 | SH |  | SOLE |  | 1965 | 0 | 0 |
| LSI INDUSTRIES INC | COM | 50216C108 |  | 24480 | 2000 | SH |  | SOLE |  | 2000 | 0 | 0 |
| LINCOLN EDUCATIONAL SERVICES | COM | 533535100 |  | 19692 | 3401 | SH |  | SOLE |  | 3401 | 0 | 0 |
| MYR GROUP INC/DELAWARE | COM | 55405W104 |  | 37288 | 405 | SH |  | SOLE |  | 405 | 0 | 0 |
| MERCANTILE BANK CORP | COM | 587376104 |  | 23704 | 708 | SH |  | SOLE |  | 708 | 0 | 0 |
| MERSANA THERAPEUTICS INC | COM | 59045L106 |  | 17510 | 2988 | SH |  | SOLE |  | 2988 | 0 | 0 |
| METROCITY BANKSHARES INC | COM | 59165J105 |  | 20311 | 939 | SH |  | SOLE |  | 939 | 0 | 0 |
| MIDLAND STATES BANCORP INC | COM | 597742105 |  | 23905 | 898 | SH |  | SOLE |  | 898 | 0 | 0 |
| MODINE MANUFACTURING CO | COM | 607828100 |  | 37933 | 1910 | SH |  | SOLE |  | 1910 | 0 | 0 |
| MOVADO GROUP INC | COM | 624580106 |  | 27155 | 842 | SH |  | SOLE |  | 842 | 0 | 0 |
| NATHAN'S FAMOUS INC | COM | 632347100 |  | 26750 | 398 | SH |  | SOLE |  | 398 | 0 | 0 |
| NATURAL RESOURCE PARTNERS LP | COM | 63900P608 |  | 47865 | 881 | SH |  | SOLE |  | 881 | 0 | 0 |
| NINE ENERGY SERVICE INC | COM | 65441V101 |  | 72650 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| NORTH EUROPEAN OIL RTY TRUST | COM | 659310106 |  | 18908 | 1490 | SH |  | SOLE |  | 1490 | 0 | 0 |
| NORTHEAST BANK | COM | 66405S100 |  | 35111 | 834 | SH |  | SOLE |  | 834 | 0 | 0 |
| NORTHRIM BANCORP INC | COM | 666762109 |  | 30286 | 555 | SH |  | SOLE |  | 555 | 0 | 0 |
| NORTHWEST PIPE CO | COM | 667746101 |  | 24668 | 732 | SH |  | SOLE |  | 732 | 0 | 0 |
| OP BANCORP | COM | 67109R109 |  | 20546 | 1841 | SH |  | SOLE |  | 1841 | 0 | 0 |
| OLD SECOND BANCORP INC | COM | 680277100 |  | 30524 | 1903 | SH |  | SOLE |  | 1903 | 0 | 0 |
| OPPENHEIMER HOLDINGS-CL A | COM | 683797104 |  | 24424 | 577 | SH |  | SOLE |  | 577 | 0 | 0 |
| PCB BANCORP | COM | 69320M109 |  | 24872 | 1406 | SH |  | SOLE |  | 1406 | 0 | 0 |
| PARKE BANCORP INC | COM | 700885106 |  | 22213 | 1071 | SH |  | SOLE |  | 1071 | 0 | 0 |
| PEAPACK GLADSTONE FINL CORP | COM | 704699107 |  | 24789 | 666 | SH |  | SOLE |  | 666 | 0 | 0 |
| PERMIAN BASIN ROYALTY TRUST | COM | 714236106 |  | 95962 | 3808 | SH |  | SOLE |  | 3808 | 0 | 0 |
| PREFORMED LINE PRODUCTS CO | COM | 740444104 |  | 30984 | 372 | SH |  | SOLE |  | 372 | 0 | 0 |
| PROPHASE LABS INC | COM | 74345W108 |  | 19973 | 2074 | SH |  | SOLE |  | 2074 | 0 | 0 |
| PROVENTION BIO INC | COM | 74374N102 |  | 31393 | 2970 | SH |  | SOLE |  | 2970 | 0 | 0 |
| RESOURCES CONNECTION INC | COM | 76122Q105 |  | 19023 | 1035 | SH |  | SOLE |  | 1035 | 0 | 0 |
| REX AMERICAN RESOURCES CORP | COM | 761624105 |  | 20486 | 643 | SH |  | SOLE |  | 643 | 0 | 0 |
| RICHARDSON ELEC LTD | COM | 763165107 |  | 57250 | 2684 | SH |  | SOLE |  | 2684 | 0 | 0 |
| RUTH'S HOSPITALITY GROUP INC | COM | 783332109 |  | 17972 | 1161 | SH |  | SOLE |  | 1161 | 0 | 0 |
| SABINE ROYALTY TRUST | COM | 785688102 |  | 36914 | 432 | SH |  | SOLE |  | 432 | 0 | 0 |
| SAN JUAN BASIN ROYALTY TR | COM | 798241105 |  | 58847 | 5153 | SH |  | SOLE |  | 5153 | 0 | 0 |
| SCPHARMACEUTICALS INC | COM | 810648105 |  | 23661 | 3300 | SH |  | SOLE |  | 3300 | 0 | 0 |
| SENECA FOODS CORP - CL A | COM | 817070501 |  | 27428 | 450 | SH |  | SOLE |  | 450 | 0 | 0 |
| SHORE BANCSHARES INC | COM | 825107105 |  | 22206 | 1274 | SH |  | SOLE |  | 1274 | 0 | 0 |
| SHOTSPOTTER INC | COM | 82536T107 |  | 20298 | 600 | SH |  | SOLE |  | 600 | 0 | 0 |
| SILVERCREST ASSET MANAGEME-A | COM | 828359109 |  | 23932 | 1275 | SH |  | SOLE |  | 1275 | 0 | 0 |
| SOUTH PLAINS FINANCIAL INC | COM | 83946P107 |  | 20152 | 732 | SH |  | SOLE |  | 732 | 0 | 0 |
| SOUTHERN MISSOURI BANCORP | COM | 843380106 |  | 19844 | 433 | SH |  | SOLE |  | 433 | 0 | 0 |
| STEEL PARTNERS HOLDINGS LP | COM | 85814R107 |  | 85001 | 1986 | SH |  | SOLE |  | 1986 | 0 | 0 |
| STERLING INFRASTRUCTURE INC | COM | 859241101 |  | 33882 | 1033 | SH |  | SOLE |  | 1033 | 0 | 0 |
| STONERIDGE INC | COM | 86183P102 |  | 21560 | 1000 | SH |  | SOLE |  | 1000 | 0 | 0 |
| SUNCOKE ENERGY INC | COM | 86722A103 |  | 26770 | 3102 | SH |  | SOLE |  | 3102 | 0 | 0 |
| TETRA TECHNOLOGIES INC | COM | 88162F105 |  | 18660 | 5393 | SH |  | SOLE |  | 5393 | 0 | 0 |
| THERMON GROUP HOLDINGS INC | COM | 88362T103 |  | 26787 | 1334 | SH |  | SOLE |  | 1334 | 0 | 0 |
| TIPTREE INC | COM | 88822Q103 |  | 37216 | 2689 | SH |  | SOLE |  | 2689 | 0 | 0 |
| TITAN MACHINERY INC | COM | 88830R101 |  | 39333 | 990 | SH |  | SOLE |  | 990 | 0 | 0 |
| TRANSCAT INC | COM | 893529107 |  | 39333 | 555 | SH |  | SOLE |  | 555 | 0 | 0 |
| TRAVELCENTERS OF AMERICA INC | COM | 89421B109 |  | 28570 | 638 | SH |  | SOLE |  | 638 | 0 | 0 |
| TRUSTCO BANK CORP NY | COM | 898349204 |  | 26802 | 713 | SH |  | SOLE |  | 713 | 0 | 0 |
| UFP TECHNOLOGIES INC | COM | 902673102 |  | 39847 | 338 | SH |  | SOLE |  | 338 | 0 | 0 |
| UNITY BANCORP INC | COM | 913290102 |  | 22493 | 823 | SH |  | SOLE |  | 823 | 0 | 0 |
| VOC ENERGY TRUST | COM | 91829B103 |  | 36098 | 3481 | SH |  | SOLE |  | 3481 | 0 | 0 |
| VELOCITY FINANCIAL INC | COM | 92262D101 |  | 21240 | 2201 | SH |  | SOLE |  | 2201 | 0 | 0 |
| VERITIV CORP | COM | 923454102 |  | 74973 | 616 | SH |  | SOLE |  | 616 | 0 | 0 |
| VISHAY PRECISION GROUP | COM | 92835K103 |  | 26669 | 690 | SH |  | SOLE |  | 690 | 0 | 0 |
| WHITESTONE REIT | COM | 966084204 |  | 19752 | 2049 | SH |  | SOLE |  | 2049 | 0 | 0 |
| XPONENTIAL FITNESS INC-A | COM | 98422X101 |  | 27516 | 1200 | SH |  | SOLE |  | 1200 | 0 | 0 |
| YORK WATER CO | COM | 987184108 |  | 25279 | 562 | SH |  | SOLE |  | 562 | 0 | 0 |
| ZYNEX INC | COM | 98986M103 |  | 32855 | 2362 | SH |  | SOLE |  | 2362 | 0 | 0 |
| GREENLIGHT CAPITAL RE LTD-A | COM | G4095J109 |  | 22828 | 2801 | SH |  | SOLE |  | 2801 | 0 | 0 |
| TEXTAINER GROUP HOLDINGS LTD | COM | G8766E109 |  | 36499 | 1177 | SH |  | SOLE |  | 1177 | 0 | 0 |
| TSAKOS ENERGY NAVIGATION LTD | COM | G9108L173 |  | 29170 | 1723 | SH |  | SOLE |  | 1723 | 0 | 0 |
| ITURAN LOCATION AND CONTROL | COM | M6158M104 |  | 20264 | 959 | SH |  | SOLE |  | 959 | 0 | 0 |
| IMMATICS NV | COM | N44445109 |  | 17376 | 1995 | SH |  | SOLE |  | 1995 | 0 | 0 |
| INVESCO GOVT AGENCY INSTL 1901 | COM | X9USDISLQ |  | 18996 | 18996 | SH |  | SOLE |  | 18996 | 0 | 0 |
| ARDMORE SHIPPING CORP | COM | Y0207T100 |  | 56358 | 3911 | SH |  | SOLE |  | 3911 | 0 | 0 |
| CAPITAL PRODUCT PARTNERS LP | COM | Y11082206 |  | 29211 | 2140 | SH |  | SOLE |  | 2140 | 0 | 0 |
| DORIAN LPG LTD | COM | Y2106R110 |  | 32537 | 1717 | SH |  | SOLE |  | 1717 | 0 | 0 |
| GASLOG PARTNERS LP | COM | Y2687W108 |  | 26873 | 4035 | SH |  | SOLE |  | 4035 | 0 | 0 |
| TEEKAY CORP | COM | Y8564W103 |  | 25651 | 5650 | SH |  | SOLE |  | 5650 | 0 | 0 |
| TEEKAY TANKERS LTD-CLASS A | COM | Y8565N300 |  | 29978 | 973 | SH |  | SOLE |  | 973 | 0 | 0 |
| WAVE LIFE SCIENCES LTD | COM | Y95308105 |  | 30800 | 4400 | SH |  | SOLE |  | 4400 | 0 | 0 |

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