# EDGAR Filing Document

**Accession Number:** 0000877670
**File Stem:** 0000940400-26-009567
**Filing Date:** 2026-3
**Character Count:** 148180
**Document Hash:** 121001b705f34a121ff7fa77bdaf69f0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-009567.hdr.sgml**: 20260302

**ACCESSION NUMBER**: 0000940400-26-009567

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260302

**DATE AS OF CHANGE**: 20260302

**PERIOD START**: 20260930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** GABELLI EQUITY SERIES FUNDS INC
- **CENTRAL INDEX KEY:** 0000877670

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** NY
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06367
- **FILM NUMBER:** 26704060

**BUSINESS ADDRESS:**
- **STREET 1:** ONE CORPORATE CENTER
- **STREET 2:** ONE CORPORATE CENTER
- **CITY:** RYE
- **STATE:** NY
- **ZIP:** 10580
- **BUSINESS PHONE:** 9149217728

**MAIL ADDRESS:**
- **STREET 1:** ONE CORPORATE CENTER
- **STREET 2:** ONE CORPORATE CENTER
- **CITY:** RYE
- **STATE:** NY
- **ZIP:** 10580

## Series and Classes Contracts Data

### THE GABELLI SMALL CAP GROWTH FUND (Series ID: S000001062)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000002854 | CLASS A      | GCASX           |
| C000002855 | CLASS AAA    | GABSX           |
| C000002857 | CLASS C      | GCCSX           |
| C000061073 | Class I      | GACIX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Gabelli Equity Series Funds Inc

- **b. Investment Company Act file number:** 811-06367

- **c. CIK number of Registrant:** 0000877670

- **d. LEI of Registrant:** 5493007J8TJQ0MSHWY40

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

  - **Street Address 1:** One Corporate Center

  - **City:** Rye

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10580-1422

  - **Telephone number:** 1-800-422-3554

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

- **a. Name of Series:** The Gabelli Small Cap Growth Fund

- **b. EDGAR series identifier (if any):** S000001062

- **c. LEI of Series:** 5493004KDRWUBCSSBJ87

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

- **a. Date of fiscal year-end:** 2026-09-30

- **b. Date as of which information is reported:** 2025-12-31

**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:** $1822889471.69

**Total Liabilities:** $2940049.63

**Net Assets:** $1819949422.06

**Assets Attributable to Miscellaneous Securities:** $7190314.39

**Cash Not Reported:** $581079.85

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000002854 | -1.93%               | 2.68%                | 0.67%                |
| Class ID C000002855 | -1.94%               | 2.68%                | 0.69%                |
| Class ID C000002857 | -2.02%               | 2.62%                | 0.64%                |
| Class ID C000061073 | -1.91%               | 2.69%                | 0.70%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $6797225.65              | $-43107790.11                              |
| Month 2  | $4926721.94              | $41674748.17                               |
| Month 3  | $11287522.40             | $866400.51                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Embraer SA                          | Embraer SA                                           | CUSIP: 29082A107<br>LEI: 549300EM51WYXFHUY333 | Long             | EC               | CORP              | BR        |      2500 | NS      | $160925.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Yakult Honsha Co Ltd                | Yakult Honsha Co Ltd                                 | CUSIP: 000000000<br>LEI: 353800YJPSPGG7KI0S71 | Long             | EC               | CORP              | JP        |    205000 | NS      | $3204433.73   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Steven Madden Ltd                   | Steven Madden Ltd                                    | CUSIP: 556269108<br>LEI: 549300Z9GZ7GYJWSGF43 | Long             | EC               | CORP              | US        |      9500 | NS      | $395580.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| H2O America                         | H2O America                                          | CUSIP: 784305104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8000 | NS      | $391920.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Straumann Holding AG                | Straumann Holding AG                                 | CUSIP: 000000000<br>LEI: 50670046ML5FVIM60Z37 | Long             | EC               | CORP              | CH        |     19000 | NS      | $2241812.90   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern First Bancshares Inc       | Southern First Bancshares Inc                        | CUSIP: 842873101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11500 | NS      | $592480.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Trinity Place Holdings Inc          | Trinity Place Holdings Inc                           | CUSIP: 89656D101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    300000 | NS      | $10530.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Array Digital Infrastructure I      | Array Digital Infrastructure Inc                     | CUSIP: 911684108<br>LEI: 549300B164AZXESI6E03 | Long             | EC               | CORP              | US        |     47500 | NS      | $2546950.00   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| China Tontine Wines Group Ltd       | China Tontine Wines Group Ltd                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     82000 | NS      | $4530.56      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Stoneridge Inc                      | Stoneridge Inc                                       | CUSIP: 86183P102<br>LEI: PNBCIH9LE7WI83VJIF08 | Long             | EC               | CORP              | US        |     59000 | NS      | $341610.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Fox Corp                            | Fox Corp                                             | CUSIP: 35137L105<br>LEI: 549300DDU6FDRBIELS05 | Long             | EC               | CORP              | US        |     35500 | NS      | $2593985.00   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| TEGNA Inc                           | TEGNA Inc                                            | CUSIP: 87901J105<br>LEI: 549300YC5EDBGX85AO10 | Long             | EC               | CORP              | US        |     35000 | NS      | $679350.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Full House Resorts Inc              | Full House Resorts Inc                               | CUSIP: 359678109<br>LEI: 5493009DKIWW0H901Y82 | Long             | EC               | CORP              | US        |    533500 | NS      | $1392435.00   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Mueller Industries Inc              | Mueller Industries Inc                               | CUSIP: 624756102<br>LEI: 5493005IZFE4VJLLYG84 | Long             | EC               | CORP              | US        |    652000 | NS      | $74849600.00  | 4.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Otter Tail Corp                     | Otter Tail Corp                                      | CUSIP: 689648103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9100 | NS      | $735371.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Lee Enterprises Inc                 | Lee Enterprises Inc                                  | CUSIP: 523768406<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     60000 | NS      | $287400.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| DR Horton Inc                       | DR Horton Inc                                        | CUSIP: 23331A109<br>LEI: 529900ZIUEYVSB8QDD25 | Long             | EC               | CORP              | US        |      6500 | NS      | $936195.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Aebi Schmidt Holding AG             | Aebi Schmidt Holding AG                              | CUSIP: 000000000<br>LEI: 506700TN58RT735OV464 | Long             | EC               | CORP              | CH        |     49000 | NS      | $619850.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Tractor Supply Co                   | Tractor Supply Co                                    | CUSIP: 892356106<br>LEI: 549300OJ9VZHZRO6I137 | Long             | EC               | CORP              | US        |    103200 | NS      | $5161032.00   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Greif Inc                           | Greif Inc                                            | CUSIP: 397624107<br>LEI: 54930070FVGKR0Z1FI24 | Long             | EC               | CORP              | US        |    103500 | NS      | $7006950.00   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| 1-800-Flowers.com Inc               | 1-800-Flowers.com Inc                                | CUSIP: 68243Q106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    190000 | NS      | $746700.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Graco Inc                           | Graco Inc                                            | CUSIP: 384109104<br>LEI: 4T5VJ4S81BRT6Q7GGT78 | Long             | EC               | CORP              | US        |    401000 | NS      | $32869970.00  | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Cogeco Communications Inc           | Cogeco Communications Inc                            | CUSIP: 19239C106<br>LEI: 549300XHH6LJM6IAXV57 | Long             | EC               | CORP              | CA        |     10000 | NS      | $484281.08    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| J M Smucker Co/The                  | J M Smucker Co/The                                   | CUSIP: 832696405<br>LEI: 5493000WDH6A0LHDJD55 | Long             | EC               | CORP              | US        |     55000 | NS      | $5379550.00   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Maezawa Kyuso Industries Co Lt      | Maezawa Kyuso Industries Co Ltd                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    110000 | NS      | $1110252.81   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| ALSOK Co Ltd                        | ALSOK Co Ltd                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    337000 | NS      | $2649486.08   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Morguard Corp                       | Morguard Corp                                        | CUSIP: 617577101<br>LEI: 894500JC9OPGOKN1CA34 | Long             | EC               | CORP              | CA        |     89200 | NS      | $7538668.90   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Sealed Air Corp                     | Sealed Air Corp                                      | CUSIP: 81211K100<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | EC               | CORP              | US        |     25000 | NS      | $1035750.00   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| HK&S HOTELS                         | Hongkong & Shanghai Hotels Ltd/The                   | CUSIP: 000000000<br>LEI: 5299001258RHH99P1A15 | Long             | EC               | CORP              | HK        |   2500000 | NS      | $1898441.41   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Nobility Homes Inc                  | Nobility Homes Inc                                   | CUSIP: 654892108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     75500 | NS      | $1901845.00   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Bassett Furniture Industries I      | Bassett Furniture Industries Inc                     | CUSIP: 070203104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    161500 | NS      | $2706740.00   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Brown-Forman Corp                   | Brown-Forman Corp                                    | CUSIP: 115637100<br>LEI: 549300873K3LXF7ARU34 | Long             | EC               | CORP              | US        |     76000 | NS      | $1999560.00   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Tredegar Corp                       | Tredegar Corp                                        | CUSIP: 894650100<br>LEI: 54930003228ERHCH6K87 | Long             | EC               | CORP              | US        |    710000 | NS      | $5097800.00   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Matthews International Corp         | Matthews International Corp                          | CUSIP: 577128101<br>LEI: 549300ZVC5O0ATML6U61 | Long             | EC               | CORP              | US        |     50000 | NS      | $1306000.00   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Energy Transfer LP                  | Energy Transfer LP                                   | CUSIP: 29273V100<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | EC               | CORP              | US        |    325000 | NS      | $5359250.00   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Nexstar Media Group Inc             | Nexstar Media Group Inc                              | CUSIP: 65336K103<br>LEI: 52990083ZRR5UT591988 | Long             | EC               | CORP              | US        |     22000 | NS      | $4467100.00   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Lincoln Electric Holdings Inc       | Lincoln Electric Holdings Inc                        | CUSIP: 533900106<br>LEI: BIMGBY40SIN95O01BN93 | Long             | EC               | CORP              | US        |     36500 | NS      | $8746860.00   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Krispy Kreme Inc                    | Krispy Kreme Inc                                     | CUSIP: 50101L106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     85000 | NS      | $341700.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Monarch Cement Co/The               | Monarch Cement Co/The                                | CUSIP: 609031307<br>LEI: 549300ZMPJCNSENB3O72 | Long             | EC               | CORP              | US        |       420 | NS      | $98700.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Xerox Holdings Corp                 | Xerox Holdings Corp                                  | CUSIP: 98421M106<br>LEI: 5493000Y33XDVO2CXC18 | Long             | EC               | CORP              | US        |     40000 | NS      | $94800.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Rogers Communications Inc           | Rogers Communications Inc                            | CUSIP: 775109200<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | EC               | CORP              | CA        |     82000 | NS      | $3093860.00   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| AZZ Inc                             | AZZ Inc                                              | CUSIP: 002474104<br>LEI: 549300HD1X2NFLWPYC83 | Long             | EC               | CORP              | US        |     53700 | NS      | $5755566.00   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Diamondback Energy Inc              | Diamondback Energy Inc                               | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Long             | EC               | CORP              | US        |     35100 | NS      | $5276583.00   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Gaming and Leisure Properties       | Gaming and Leisure Properties Inc                    | CUSIP: 36467J108<br>LEI: 5493006GWRDBCZYWTM57 | Long             | EC               | CORP              | US        |     48000 | NS      | $2145120.00   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| TKO Group Holdings Inc              | TKO Group Holdings Inc                               | CUSIP: 87256C101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     42700 | NS      | $8924300.00   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Timken Co/The                       | Timken Co/The                                        | CUSIP: 887389104<br>LEI: B0I35MLPFXZSE70ASS73 | Long             | EC               | CORP              | US        |     36000 | NS      | $3028680.00   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Farmers & Merchants Bank of Lo      | Farmers & Merchants Bank of Long Beach/Long Beach CA | CUSIP: 308243104<br>LEI: 25490049RRVB8S6CG210 | Long             | EC               | CORP              | US        |       230 | NS      | $1920265.40   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Donaldson Co Inc                    | Donaldson Co Inc                                     | CUSIP: 257651109<br>LEI: OZE6KXY9QQPR8EJ8WL20 | Long             | EC               | CORP              | US        |    100000 | NS      | $8866000.00   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| QuidelOrtho Corp                    | QuidelOrtho Corp                                     | CUSIP: 219798105<br>LEI: 549300YU8CMO9HF53113 | Long             | EC               | CORP              | US        |     70500 | NS      | $2013480.00   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| S4 Capital PLC                      | S4 Capital PLC                                       | CUSIP: 000000000<br>LEI: 21380068SP9V65KPQN68 | Long             | EC               | CORP              | GB        |    340000 | NS      | $93493.81     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryman Hospitality Properties I      | Ryman Hospitality Properties Inc                     | CUSIP: 78377T107<br>LEI: 529900GCCWW9SRMPJR11 | Long             | EC               | CORP              | US        |    234000 | NS      | $22141080.00  | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Hope Bancorp Inc                    | Hope Bancorp Inc                                     | CUSIP: 43940T109<br>LEI: 549300UTF4QGMBHIZ219 | Long             | EC               | CORP              | US        |    270000 | NS      | $2959200.00   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Middlesex Water Co                  | Middlesex Water Co                                   | CUSIP: 596680108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3500 | NS      | $176470.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Roper Technologies Inc              | Roper Technologies Inc                               | CUSIP: 776696106<br>LEI: 54930003T4SXCIWVXY35 | Long             | EC               | CORP              | US        |     13400 | NS      | $5964742.00   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Gray Media Inc                      | Gray Media Inc                                       | CUSIP: 389375106<br>LEI: 529900TM5726KDN7UU35 | Long             | EC               | CORP              | US        |     25000 | NS      | $121000.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Textron Inc                         | Textron Inc                                          | CUSIP: 883203101<br>LEI: 3PPKBHUG1HD6BO7RNR87 | Long             | EC               | CORP              | US        |    331500 | NS      | $28896855.00  | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Cooper Cos Inc/The                  | Cooper Cos Inc/The                                   | CUSIP: 216648501<br>LEI: QJKMVPIGLH7530PCUE20 | Long             | EC               | CORP              | US        |       400 | NS      | $32784.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| L B Foster Co                       | L B Foster Co                                        | CUSIP: 350060109<br>LEI: 549300AUUJGJ2T2L2179 | Long             | EC               | CORP              | US        |    113500 | NS      | $3058825.00   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Napco Security Technologies In      | Napco Security Technologies Inc                      | CUSIP: 630402105<br>LEI: 529900KV21J4YY9YST76 | Long             | EC               | CORP              | US        |     20000 | NS      | $834000.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Live Holdings Inc           | Liberty Live Holdings Inc                            | CUSIP: 530909308<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9768 | NS      | $812306.88    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Advance Auto Parts Inc              | Advance Auto Parts Inc                               | CUSIP: 00751Y106<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | EC               | CORP              | US        |     38000 | NS      | $1493400.00   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Wright Investors' Service Hold      | Wright Investors' Service Holdings Inc               | CUSIP: 982345100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    130000 | NS      | $23400.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Bio-Rad Laboratories Inc            | Bio-Rad Laboratories Inc                             | CUSIP: 090572207<br>LEI: 549300ZC1GPV35XYDK53 | Long             | EC               | CORP              | US        |      6700 | NS      | $2030033.00   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Ducommun Inc                        | Ducommun Inc                                         | CUSIP: 264147109<br>LEI: 549300Z71HMWF90S2214 | Long             | EC               | CORP              | US        |     56000 | NS      | $5327280.00   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| La-Z-Boy Inc                        | La-Z-Boy Inc                                         | CUSIP: 505336107<br>LEI: 549300WNO1WMN9ZG2519 | Long             | EC               | CORP              | US        |     48800 | NS      | $1818776.00   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Olin Corp                           | Olin Corp                                            | CUSIP: 680665205<br>LEI: 549300GKK294V7W57P06 | Long             | EC               | CORP              | US        |     30000 | NS      | $624900.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| AMC Networks Inc                    | AMC Networks Inc                                     | CUSIP: 00164V103<br>LEI: 549300VGG9K75226LR46 | Long             | EC               | CORP              | US        |     56000 | NS      | $533120.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Burnham Holdings Inc                | Burnham Holdings Inc                                 | CUSIP: 122295108<br>LEI: 549300VHOKZIOWQUFV59 | Long             | EC               | CORP              | US        |     80000 | NS      | $2005600.00   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Farmer Bros Co                      | Farmer Bros Co                                       | CUSIP: 307675108<br>LEI: 5493006PMLETBTVJ3262 | Long             | EC               | CORP              | US        |     99000 | NS      | $144540.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Cavco Industries Inc                | Cavco Industries Inc                                 | CUSIP: 149568107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     38300 | NS      | $22625342.00  | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Kikkoman Corp                       | Kikkoman Corp                                        | CUSIP: 000000000<br>LEI: 529900T9K5UH9HXOND47 | Long             | EC               | CORP              | JP        |   1200000 | NS      | $10893769.15  | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Angi Inc                            | Angi Inc                                             | CUSIP: 00183L201<br>LEI: 5493003ENY577E6SZL06 | Long             | EC               | CORP              | US        |      2625 | NS      | $33941.25     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| APA Corp                            | APA Corp                                             | CUSIP: 03743Q108<br>LEI: 549300VCIWLRHYVSHC79 | Long             | EC               | CORP              | US        |     32000 | NS      | $782720.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Sensient Technologies Corp          | Sensient Technologies Corp                           | CUSIP: 81725T100<br>LEI: CMMZHMFZQG86EI7WZU92 | Long             | EC               | CORP              | US        |     22500 | NS      | $2113875.00   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Samick Musical Instruments Co       | Samick Musical Instruments Co Ltd                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |    210000 | NS      | $180764.29    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Ivanhoe Mines Ltd                   | Ivanhoe Mines Ltd                                    | CUSIP: 46579R104<br>LEI: 5299006XZISURYIA4G32 | Long             | EC               | CORP              | CA        |     45000 | NS      | $511784.63    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Inspired Entertainment Inc          | Inspired Entertainment Inc                           | CUSIP: 45782N108<br>LEI: 549300ZUGYK6NBIU6D69 | Long             | EC               | CORP              | US        |    100000 | NS      | $936000.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Starz Entertainment Corp            | Starz Entertainment Corp                             | CUSIP: 855919106<br>LEI: 5493000JSMHPHZURLM72 | Long             | EC               | CORP              | US        |     42000 | NS      | $491400.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| NeoGenomics Inc                     | NeoGenomics Inc                                      | CUSIP: 64049M209<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14000 | NS      | $164640.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Wolverine World Wide Inc            | Wolverine World Wide Inc                             | CUSIP: 978097103<br>LEI: 549300OVC7PK14LQ8D87 | Long             | EC               | CORP              | US        |    120000 | NS      | $2178000.00   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Quaker Chemical Corp                | Quaker Chemical Corp                                 | CUSIP: 747316107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8400 | NS      | $1153404.00   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Toll Brothers Inc                   | Toll Brothers Inc                                    | CUSIP: 889478103<br>LEI: 529900JB6IS9MSZGVR44 | Long             | EC               | CORP              | US        |      5200 | NS      | $703144.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| New Germany Fund Inc/The            | New Germany Fund Inc/The                             | CUSIP: 644465106<br>LEI: 549300TPS2RTTJ8O3C08 | Long             | EC               | RF                | US        |     99000 | NS      | $1130580.00   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Kameda Seika Co Ltd                 | Kameda Seika Co Ltd                                  | CUSIP: 000000000<br>LEI: 3538008WA35ECYUGYB62 | Long             | EC               | CORP              | JP        |     85000 | NS      | $2116317.67   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Broadband Corp              | Liberty Broadband Corp                               | CUSIP: 530307305<br>LEI: 549300MIX43II8JLN536 | Long             | EC               | CORP              | US        |     11000 | NS      | $534600.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Gyrodyne LLC                        | Gyrodyne LLC                                         | CUSIP: 403829104<br>LEI: 549300CF8EE7IDXWHQ23 | Long             | EC               | CORP              | US        |     19007 | NS      | $171443.14    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Madison Square Garden Entertai      | Madison Square Garden Entertainment Corp             | CUSIP: 558256103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     86500 | NS      | $4661485.00   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| ACCO Brands Corp                    | ACCO Brands Corp                                     | CUSIP: 00081T108<br>LEI: JCT8P4Y190IH4I1NX328 | Long             | EC               | CORP              | US        |     13000 | NS      | $48490.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Cogeco Inc                          | Cogeco Inc                                           | CUSIP: 19238T100<br>LEI: 5493000KSZQCX0QM2V25 | Long             | EC               | CORP              | CA        |     24000 | NS      | $1118910.06   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Littelfuse Inc                      | Littelfuse Inc                                       | CUSIP: 537008104<br>LEI: 549300MY7HLQFYTPCX75 | Long             | EC               | CORP              | US        |      6200 | NS      | $1568104.00   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Gray Media Inc                      | Gray Media Inc                                       | CUSIP: 389375205<br>LEI: 529900TM5726KDN7UU35 | Long             | EC               | CORP              | US        |     71700 | NS      | $860400.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin Electric Co Inc            | Franklin Electric Co Inc                             | CUSIP: 353514102<br>LEI: RR6AURIKMXUE4Q24G284 | Long             | EC               | CORP              | US        |    150000 | NS      | $14329500.00  | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Graham Holdings Co                  | Graham Holdings Co                                   | CUSIP: 384637104<br>LEI: 529900BOSCEEEMAFQJ29 | Long             | EC               | CORP              | US        |      2700 | NS      | $2966220.00   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Lindsay Corp                        | Lindsay Corp                                         | CUSIP: 535555106<br>LEI: 549300ZFO0QG5H8TPI61 | Long             | EC               | CORP              | US        |     30000 | NS      | $3536100.00   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Rush Enterprises Inc                | Rush Enterprises Inc                                 | CUSIP: 781846308<br>LEI: 529900V3XHTN7A6DFT17 | Long             | EC               | CORP              | US        |    473000 | NS      | $26610980.00  | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Nissin Foods Holdings Co Ltd        | Nissin Foods Holdings Co Ltd                         | CUSIP: 000000000<br>LEI: 529900YMZMNSHC1W6V41 | Long             | EC               | CORP              | JP        |    130500 | NS      | $2425630.43   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Limoneira Co                        | Limoneira Co                                         | CUSIP: 532746104<br>LEI: 549300UCPZVJGYHI7550 | Long             | EC               | CORP              | US        |     64000 | NS      | $808000.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| National Presto Industries Inc      | National Presto Industries Inc                       | CUSIP: 637215104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7000 | NS      | $747320.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| TREASURY BILL                       | United States Treasury Bill                          | CUSIP: 912797SD0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1400000 | PA      | $1387583.75   | 0.08%             | 2026-04-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Loomis AB                           | Loomis AB                                            | CUSIP: 000000000<br>LEI: 213800NS2XXVRYS7WP40 | Long             | EC               | CORP              | SE        |     40000 | NS      | $1696192.91   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Globus Medical Inc                  | Globus Medical Inc                                   | CUSIP: 379577208<br>LEI: 5299003M2P4CIK0RF205 | Long             | EC               | CORP              | US        |    210500 | NS      | $18378755.00  | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| China Automotive Systems Inc        | China Automotive Systems Inc                         | CUSIP: 000000000<br>LEI: 52990059UORTCZ66JW45 | Long             | EC               | CORP              | CN        |     94022 | NS      | $400533.72    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Northwestern Energy Group Inc       | Northwestern Energy Group Inc                        | CUSIP: 668074305<br>LEI: 254900N1WG46G1VMDM34 | Long             | EC               | CORP              | US        |     21500 | NS      | $1387610.00   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Flowserve Corp                      | Flowserve Corp                                       | CUSIP: 34354P105<br>LEI: 6Y0GK87T6V7NJKZJVM41 | Long             | EC               | CORP              | US        |    233000 | NS      | $16165540.00  | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Mueller Water Products Inc          | Mueller Water Products Inc                           | CUSIP: 624758108<br>LEI: 549300F7ZU4P1F8V8L60 | Long             | EC               | CORP              | US        |    228200 | NS      | $5435724.00   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| BorgWarner Inc                      | BorgWarner Inc                                       | CUSIP: 099724106<br>LEI: 549300DSFX2IE88NSX47 | Long             | EC               | CORP              | US        |    147500 | NS      | $6646350.00   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Capitol Federal Financial Inc       | Capitol Federal Financial Inc                        | CUSIP: 14057J101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12300 | NS      | $83763.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Dynasty Fine Wines Group Ltd        | Dynasty Fine Wines Group Ltd                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | HK        |    500000 | NS      | $16382.49     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| TREASURY BILL                       | United States Treasury Bill                          | CUSIP: 912797SC2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    225000 | PA      | $223178.32    | 0.01%             | 2026-03-26      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Greenbrier Cos Inc/The              | Greenbrier Cos Inc/The                               | CUSIP: 393657101<br>LEI: 5493001GAGGFR30BP390 | Long             | EC               | CORP              | US        |     82500 | NS      | $3856050.00   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Henry Schein Inc                    | Henry Schein Inc                                     | CUSIP: 806407102<br>LEI: VGO3WGL8H45T73F4RR92 | Long             | EC               | CORP              | US        |     70000 | NS      | $5290600.00   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| NVR Inc                             | NVR Inc                                              | CUSIP: 62944T105<br>LEI: 529900RWXR4JI3JYTV70 | Long             | EC               | CORP              | US        |      1050 | NS      | $7657408.50   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Armstrong Flooring Inc              | Armstrong Flooring Inc                               | CUSIP: 04238R106<br>LEI: 549300GBU3OBQ2CBLJ59 | Long             | EC               | CORP              | US        |    200000 | NS      | $20.00        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Liberty Live Holdings Inc           | Liberty Live Holdings Inc                            | CUSIP: 530909100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16856 | NS      | $1373764.00   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Entertainment Corp        | Universal Entertainment Corp                         | CUSIP: 000000000<br>LEI: 353800BBJTHSMSQ31V91 | Long             | EC               | CORP              | JP        |     35000 | NS      | $177860.06    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Oil-Dri Corp of America             | Oil-Dri Corp of America                              | CUSIP: 677864100<br>LEI: 549300RSG5KPUH16WH66 | Long             | EC               | CORP              | US        |    137200 | NS      | $6714568.00   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Reading International Inc           | Reading International Inc                            | CUSIP: 755408200<br>LEI: 549300OHQRI7MW2NQU72 | Long             | EC               | CORP              | US        |      7000 | NS      | $80150.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Televisa SAB                  | Grupo Televisa SAB                                   | CUSIP: 40049J206<br>LEI: 549300O4AF0C816ILN62 | Long             | EC               | CORP              | MX        |    850000 | NS      | $2473500.00   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Seritage Growth Properties          | Seritage Growth Properties                           | CUSIP: 81752R100<br>LEI: 5493003CJFC2MM82WB25 | Long             | EC               | CORP              | US        |     25000 | NS      | $81250.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| XPLR Infrastructure LP              | XPLR Infrastructure LP                               | CUSIP: 65341B106<br>LEI: 5493008F4ZOQFNG3WN54 | Long             | EC               | CORP              | US        |     70000 | NS      | $700000.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| AutoNation Inc                      | AutoNation Inc                                       | CUSIP: 05329W102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     96000 | NS      | $19822080.00  | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Boston Beer Co Inc/The              | Boston Beer Co Inc/The                               | CUSIP: 100557107<br>LEI: 529900Q02MQ0DCQNRM58 | Long             | EC               | CORP              | US        |      3500 | NS      | $682955.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Synovus Financial Corp              | Synovus Financial Corp                               | CUSIP: 87161C501<br>LEI: 549300EIUS8UN5JTLE54 | Long             | EC               | CORP              | US        |     47000 | NS      | $2352350.00   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Salem Media Group Inc               | Salem Media Group Inc                                | CUSIP: 794093104<br>LEI: 549300CTHBTS2MIXZL54 | Long             | EC               | CORP              | US        |    100000 | NS      | $44000.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Millrose Properties Inc             | Millrose Properties Inc                              | CUSIP: 601137102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    135500 | NS      | $4047385.00   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| United Natural Foods Inc            | United Natural Foods Inc                             | CUSIP: 911163103<br>LEI: 549300GKGW6WPZ282D40 | Long             | EC               | CORP              | US        |     63000 | NS      | $2121210.00   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Puradyn Filter Technologies In      | Puradyn Filter Technologies Inc                      | CUSIP: 746091107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     45000 | NS      | $4.50         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Teleflex Inc                        | Teleflex Inc                                         | CUSIP: 879369106<br>LEI: UUL85LWXB4NGSWWXIQ25 | Long             | EC               | CORP              | US        |      3500 | NS      | $427140.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| OPKO Health Inc                     | OPKO Health Inc                                      | CUSIP: 68375N103<br>LEI: 529900A4S2D4OGOJLL02 | Long             | EC               | CORP              | US        |    170000 | NS      | $214200.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| TREASURY BILL                       | United States Treasury Bill                          | CUSIP: 912797SB4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    570000 | PA      | $566150.85    | 0.03%             | 2026-03-12      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Tennant Co                          | Tennant Co                                           | CUSIP: 880345103<br>LEI: JYAIRLT8DVP6DP8UT336 | Long             | EC               | CORP              | US        |    161500 | NS      | $11902550.00  | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| GCI Liberty Inc                     | GCI Liberty Inc                                      | CUSIP: 36164V800<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3690 | NS      | $137304.90    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Interpump Group SpA                 | Interpump Group SpA                                  | CUSIP: 000000000<br>LEI: 815600C79D0F31F4D395 | Long             | EC               | CORP              | IT        |    125000 | NS      | $6871982.00   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| John B Sanfilippo & Son Inc         | John B Sanfilippo & Son Inc                          | CUSIP: 800422107<br>LEI: 5299007IBEYVXKYDUX28 | Long             | EC               | CORP              | US        |     28500 | NS      | $2012100.00   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Rogers Corp                         | Rogers Corp                                          | CUSIP: 775133101<br>LEI: PW0CN80KNFR7RUOOKJ84 | Long             | EC               | CORP              | US        |     10000 | NS      | $915700.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| GAM Holding AG                      | GAM Holding AG                                       | CUSIP: 000000000<br>LEI: 549300GGVID7ZGDMX291 | Long             | EC               | CORP              | CH        |    370000 | NS      | $68432.02     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Rock Field Co Ltd                   | Rock Field Co Ltd                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     60000 | NS      | $515577.12    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Jungheinrich AG                     | Jungheinrich AG                                      | CUSIP: 000000000<br>LEI: 529900PHZORTU6FSXE73 | Long             | EP               | CORP              | DE        |     79000 | NS      | $3288421.14   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Tootsie Roll Industries Inc         | Tootsie Roll Industries Inc                          | CUSIP: 890516107<br>LEI: 529900SBKOV9XX4M4Q35 | Long             | EC               | CORP              | US        |     32500 | NS      | $1190475.00   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| European Equity Fund Inc/The        | European Equity Fund Inc/The                         | CUSIP: 298768102<br>LEI: 5493008XBHSH29XH9329 | Long             | EC               | RF                | US        |     32229 | NS      | $331958.70    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Capital City Bank Group Inc         | Capital City Bank Group Inc                          | CUSIP: 139674105<br>LEI: 254900NVLVUJQZKTQE82 | Long             | EC               | CORP              | US        |      2000 | NS      | $85140.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Element Solutions Inc               | Element Solutions Inc                                | CUSIP: 28618M106<br>LEI: 549300FLGN6P5CU20J91 | Long             | EC               | CORP              | US        |     57000 | NS      | $1424430.00   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Innovative Solutions and Suppo      | Innovative Solutions and Support Inc                 | CUSIP: 45769N105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     58000 | NS      | $1098520.00   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| United-Guardian Inc                 | United-Guardian Inc                                  | CUSIP: 910571108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     38000 | NS      | $234080.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Minerals Technologies Inc           | Minerals Technologies Inc                            | CUSIP: 603158106<br>LEI: 549300D3I1QU67GP6403 | Long             | EC               | CORP              | US        |     65000 | NS      | $3961750.00   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| RGC Resources Inc                   | RGC Resources Inc                                    | CUSIP: 74955L103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     43000 | NS      | $915900.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Bowlin Travel Centers Inc           | Bowlin Travel Centers Inc                            | CUSIP: 10259P101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     53000 | NS      | $207760.00    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Flowers Foods Inc                   | Flowers Foods Inc                                    | CUSIP: 343498101<br>LEI: 7YNCQQNDK8FBM9BBTK25 | Long             | EC               | CORP              | US        |    400000 | NS      | $4352000.00   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Premier Foods PLC                   | Premier Foods PLC                                    | CUSIP: 000000000<br>LEI: 213800ZD5I8XHNMCJA67 | Long             | EC               | CORP              | GB        |    100000 | NS      | $232656.17    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Valmont Industries Inc              | Valmont Industries Inc                               | CUSIP: 920253101<br>LEI: 5493009ZGZJJ8F77JN08 | Long             | EC               | CORP              | US        |      4400 | NS      | $1770208.00   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| GATX Corp                           | GATX Corp                                            | CUSIP: 361448103<br>LEI: 549300IHYHCQP2PIR591 | Long             | EC               | CORP              | US        |    306500 | NS      | $51982400.00  | 2.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Biglari Holdings Inc                | Biglari Holdings Inc                                 | CUSIP: 08986R408<br>LEI: 549300GLWWSODF8TM682 | Long             | EC               | CORP              | US        |      1070 | NS      | $1861853.50   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Astronics Corp                      | Astronics Corp                                       | CUSIP: 046433207<br>LEI: 549300NNXCF8H4MSMK17 | Long             | EC               | CORP              | US        |     25000 | NS      | $1355000.00   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Energizer Holdings Inc              | Energizer Holdings Inc                               | CUSIP: 29272W109<br>LEI: 5493000D6NN0V57UME20 | Long             | EC               | CORP              | US        |    120000 | NS      | $2386800.00   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Twin Disc Inc                       | Twin Disc Inc                                        | CUSIP: 901476101<br>LEI: 549300FR8EHCY14BLP32 | Long             | EC               | CORP              | US        |    154000 | NS      | $2568720.00   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Churchill Downs Inc                 | Churchill Downs Inc                                  | CUSIP: 171484108<br>LEI: 529900FODTBQC8MIS994 | Long             | EC               | CORP              | US        |    129000 | NS      | $14677620.00  | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Medallion Financial Corp            | Medallion Financial Corp                             | CUSIP: 583928106<br>LEI: 549300FJ4FMGJ2C34Y48 | Long             | EC               | CORP              | US        |     78000 | NS      | $802620.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| MEIJI Holdings Co Ltd               | MEIJI Holdings Co Ltd                                | CUSIP: 000000000<br>LEI: 5299002D52YIP6DWMV49 | Long             | EC               | CORP              | JP        |     12000 | NS      | $266981.61    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| York Water Co/The                   | York Water Co/The                                    | CUSIP: 987184108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     31000 | NS      | $987040.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Take-Two Interactive Software       | Take-Two Interactive Software Inc                    | CUSIP: 874054109<br>LEI: BOMSTHHJK882EWYX3334 | Long             | EC               | CORP              | US        |      7800 | NS      | $1997034.00   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Griffon Corp                        | Griffon Corp                                         | CUSIP: 398433102<br>LEI: 5493000C2SGNC7ZN3242 | Long             | EC               | CORP              | US        |    172500 | NS      | $12704625.00  | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| CONMED Corp                         | CONMED Corp                                          | CUSIP: 207410101<br>LEI: Z6C0YCECH9DCU5ZIQW84 | Long             | EC               | CORP              | US        |     21000 | NS      | $852600.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Manitowoc Co Inc/The                | Manitowoc Co Inc/The                                 | CUSIP: 563571405<br>LEI: 2RTSLGQ89VMY18RHX631 | Long             | EC               | CORP              | US        |     50500 | NS      | $605495.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Gibraltar Industries Inc            | Gibraltar Industries Inc                             | CUSIP: 374689107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     31500 | NS      | $1557360.00   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Dexcom Inc                          | Dexcom Inc                                           | CUSIP: 252131107<br>LEI: 549300YSK3QDSFR5EU59 | Long             | EC               | CORP              | US        |     50000 | NS      | $3318500.00   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Toro Co/The                         | Toro Co/The                                          | CUSIP: 891092108<br>LEI: YJKE4YIT6BWQHVEW0D14 | Long             | EC               | CORP              | US        |     30500 | NS      | $2400960.00   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Landis+Gyr Group AG                 | Landis+Gyr Group AG                                  | CUSIP: 000000000<br>LEI: 529900PZYVAKCYSLFL19 | Long             | EC               | CORP              | CH        |     30000 | NS      | $1946723.90   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| CMS Energy Corp                     | CMS Energy Corp                                      | CUSIP: 125896100<br>LEI: 549300IA9XFBAGNIBW29 | Long             | EC               | CORP              | US        |     35000 | NS      | $2447550.00   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Marcus Corp/The                     | Marcus Corp/The                                      | CUSIP: 566330106<br>LEI: 549300NL0OKPNEMP6B79 | Long             | EC               | CORP              | US        |    185000 | NS      | $2869350.00   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Crimson Wine Group Ltd              | Crimson Wine Group Ltd                               | CUSIP: 22662X100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    260000 | NS      | $1274000.00   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Cheesecake Factory Inc/The          | Cheesecake Factory Inc/The                           | CUSIP: 163072101<br>LEI: 529900872XMLK10SY247 | Long             | EC               | CORP              | US        |     14000 | NS      | $706720.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Steel Partners Holdings LP          | Steel Partners Holdings LP                           | CUSIP: 85814R107<br>LEI: 5493009U8Z59G5SIZ389 | Long             | EC               | CORP              | US        |      1500 | NS      | $64515.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Morinaga Milk Industry Co Ltd       | Morinaga Milk Industry Co Ltd                        | CUSIP: 000000000<br>LEI: 529900FB91P7MVO08949 | Long             | EC               | CORP              | JP        |    124000 | NS      | $2948008.17   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Warner Bros Discovery Inc           | Warner Bros Discovery Inc                            | CUSIP: 934423104<br>LEI: 5493006ZCRFWKF6B1K26 | Long             | EC               | CORP              | US        |     98000 | NS      | $2824360.00   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Thor Industries Inc                 | Thor Industries Inc                                  | CUSIP: 885160101<br>LEI: 254900XZO1228PDSG060 | Long             | EC               | CORP              | US        |     18400 | NS      | $1889128.00   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Garrett Motion Inc                  | Garrett Motion Inc                                   | CUSIP: 366505105<br>LEI: 549300LS5WT7EMBNV724 | Long             | EC               | CORP              | CH        |    100000 | NS      | $1743000.00   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| TREASURY BILL                       | United States Treasury Bill                          | CUSIP: 912797RU3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     55000 | PA      | $54698.72     | 0.00%             | 2026-02-26      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Mandarin Oriental Internationa      | Mandarin Oriental International Ltd                  | CUSIP: 000000000<br>LEI: 213800KQ1UMKZ1JXJR80 | Long             | EC               | CORP              | HK        |   2250000 | NS      | $7447500.00   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Energy Recovery Inc                 | Energy Recovery Inc                                  | CUSIP: 29270J100<br>LEI: 549300ZEQL52Z525WJ22 | Long             | EC               | CORP              | US        |     74000 | NS      | $998260.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| GCI Liberty Inc                     | GCI Liberty Inc                                      | CUSIP: 36164V602<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2400 | NS      | $88488.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| National Beverage Corp              | National Beverage Corp                               | CUSIP: 635017106<br>LEI: 549300O9MZIQJI8TGV17 | Long             | EC               | CORP              | US        |     10500 | NS      | $334845.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Woodward Inc                        | Woodward Inc                                         | CUSIP: 980745103<br>LEI: YPYKXXTR8TFDH54ZMB45 | Long             | EC               | CORP              | US        |     18000 | NS      | $5441760.00   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Teladoc Health Inc                  | Teladoc Health Inc                                   | CUSIP: 87918A105<br>LEI: 549300I2PVFBC9MFAC61 | Long             | EC               | CORP              | US        |       500 | NS      | $3500.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Ampco-Pittsburgh Corp               | Ampco-Pittsburgh Corp                                | CUSIP: 032037103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    207000 | NS      | $1103310.00   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Beasley Broadcast Group Inc         | Beasley Broadcast Group Inc                          | CUSIP: 074014200<br>LEI: 549300R5FEOSY86VTY76 | Long             | EC               | CORP              | US        |      5000 | NS      | $25050.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Ollamani SAB                        | Ollamani SAB                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |    300000 | NS      | $1282798.83   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Sphere Entertainment Co             | Sphere Entertainment Co                              | CUSIP: 55826T102<br>LEI: 254900ZW4JWKYRZZ9A91 | Long             | EC               | CORP              | US        |     95000 | NS      | $9032600.00   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Rockwell Automation Inc             | Rockwell Automation Inc                              | CUSIP: 773903109<br>LEI: VH3R4HHBHH12O0EXZJ88 | Long             | EC               | CORP              | US        |     17200 | NS      | $6692004.00   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Hawaiian Electric Industries I      | Hawaiian Electric Industries Inc                     | CUSIP: 419870100<br>LEI: JJ8FWOCWCV22X7GUPJ23 | Long             | EC               | CORP              | US        |     20000 | NS      | $246000.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Neuronetics Inc                     | Neuronetics Inc                                      | CUSIP: 64131A105<br>LEI: 549300T0911ILTTG7P06 | Long             | EC               | CORP              | US        |     30000 | NS      | $41400.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Valvoline Inc                       | Valvoline Inc                                        | CUSIP: 92047W101<br>LEI: 549300CMHPBEY6VPOT75 | Long             | EC               | CORP              | US        |     55000 | NS      | $1598300.00   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| O'Reilly Automotive Inc             | O'Reilly Automotive Inc                              | CUSIP: 67103H107<br>LEI: 549300K2RLMQL149Q332 | Long             | EC               | CORP              | US        |     64500 | NS      | $5883045.00   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Genting Singapore Ltd               | Genting Singapore Ltd                                | CUSIP: 000000000<br>LEI: 254900Y2N3AK93K1O866 | Long             | EC               | CORP              | SG        |    745000 | NS      | $420199.94    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Denny's Corp                        | Denny's Corp                                         | CUSIP: 24869P104<br>LEI: 54930037V56XOULXM917 | Long             | EC               | CORP              | US        |    225000 | NS      | $1399500.00   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Formosa International Hotels C      | Formosa International Hotels Corp                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |    120000 | NS      | $721821.74    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Lennar Corp                         | Lennar Corp                                          | CUSIP: 526057302<br>LEI: 529900G61XVRLX5TJX09 | Long             | EC               | CORP              | US        |    316200 | NS      | $30076944.00  | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Lamar Advertising Co                | Lamar Advertising Co                                 | CUSIP: 512816109<br>LEI: 529900Y8WW4MKVPTB543 | Long             | EC               | CORP              | US        |     17500 | NS      | $2215150.00   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Evolent Health Inc                  | Evolent Health Inc                                   | CUSIP: 30050B101<br>LEI: 549300CZOCFHQ2BBTR11 | Long             | EC               | CORP              | US        |     24000 | NS      | $96000.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Ito En Ltd                          | Ito En Ltd                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    114000 | NS      | $2237934.12   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Penske Automotive Group Inc         | Penske Automotive Group Inc                          | CUSIP: 70959W103<br>LEI: 549300W7UTQ0M4C7LB15 | Long             | EC               | CORP              | US        |     65000 | NS      | $10288850.00  | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Sunrise Communications AG           | Sunrise Communications AG                            | CUSIP: 000000000<br>LEI: 213800RS9HRGTWOGCO08 | Long             | EC               | CORP              | CH        |     42500 | NS      | $2276038.38   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| TRINITY PLACE HOLDINGS INC          | TRINITY PLACE HOLDINGS INC                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     80000 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| T Hasegawa Co Ltd                   | T Hasegawa Co Ltd                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     13000 | NS      | $233873.85    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Canterbury Park Holding Corp        | Canterbury Park Holding Corp                         | CUSIP: 13811E101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    189500 | NS      | $2882295.00   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadiz Inc                           | Cadiz Inc                                            | CUSIP: 127537207<br>LEI: 549300PFFIS1TCKZS151 | Long             | EC               | CORP              | US        |     10000 | NS      | $56100.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Telesat Corp                        | Telesat Corp                                         | CUSIP: 879512309<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |    140000 | NS      | $4074000.00   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Nordson Corp                        | Nordson Corp                                         | CUSIP: 655663102<br>LEI: 14OS6Q5N55N95WM84M53 | Long             | EC               | CORP              | US        |      4300 | NS      | $1033849.00   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| IDEX Corp                           | IDEX Corp                                            | CUSIP: 45167R104<br>LEI: 549300U5Y5EL6PHYLF13 | Long             | EC               | CORP              | US        |     30500 | NS      | $5427170.00   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Allient Inc                         | Allient Inc                                          | CUSIP: 019330109<br>LEI: 549300I2LHAWYGNBPM97 | Long             | EC               | CORP              | US        |     31000 | NS      | $1666250.00   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Albemarle Corp                      | Albemarle Corp                                       | CUSIP: 012653101<br>LEI: HDBLS2Q6GV1LSKQPBS54 | Long             | EC               | CORP              | US        |      3000 | NS      | $424320.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Bel Fuse Inc                        | Bel Fuse Inc                                         | CUSIP: 077347201<br>LEI: 2549009L4XYDBRRY6X39 | Long             | EC               | CORP              | US        |     61400 | NS      | $9320520.00   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Herc Holdings Inc                   | Herc Holdings Inc                                    | CUSIP: 42704L104<br>LEI: 549300TP80QLITMSBP82 | Long             | EC               | CORP              | US        |    160000 | NS      | $23740800.00  | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| TREASURY BILL                       | United States Treasury Bill                          | CUSIP: 912797QD2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3000000 | PA      | $2969512.83   | 0.16%             | 2026-04-16      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Brunswick Corp/DE                   | Brunswick Corp/DE                                    | CUSIP: 117043109<br>LEI: YM4O38W15AX4YLLQKU27 | Long             | EC               | CORP              | US        |     70000 | NS      | $5196800.00   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Manchester United Plc               | Manchester United Plc                                | CUSIP: 000000000<br>LEI: 529900GWGZPE83MJOV59 | Long             | EC               | CORP              | GB        |    145000 | NS      | $2308400.00   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Chofu Seisakusho Co Ltd             | Chofu Seisakusho Co Ltd                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     32000 | NS      | $412053.12    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Renesas Electronics Corp            | Renesas Electronics Corp                             | CUSIP: 000000000<br>LEI: 5299000EPC47VJQOFB81 | Long             | EC               | CORP              | JP        |     30000 | NS      | $409857.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Eastern Co/The                      | Eastern Co/The                                       | CUSIP: 276317104<br>LEI: 5493005F8SU7UCM5D285 | Long             | EC               | CORP              | US        |    156000 | NS      | $3071640.00   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Consolidated Water Co Ltd           | Consolidated Water Co Ltd                            | CUSIP: 000000000<br>LEI: 5299001BMEW8X9VIJA73 | Long             | EC               | CORP              | KY        |     20000 | NS      | $705800.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Latin America Ltd           | Liberty Latin America Ltd                            | CUSIP: 000000000<br>LEI: 213800YWQHEAX7CAVO83 | Long             | EC               | CORP              | US        |     70000 | NS      | $517300.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| TREASURY BILL                       | United States Treasury Bill                          | CUSIP: 912797PV3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4360000 | PA      | $4327660.18   | 0.24%             | 2026-03-19      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| HB Fuller Co                        | HB Fuller Co                                         | CUSIP: 359694106<br>LEI: JSMX3Z5FOYM8V0Q52357 | Long             | EC               | CORP              | US        |    230000 | NS      | $13675800.00  | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Eagle Bancorp Inc                   | Eagle Bancorp Inc                                    | CUSIP: 268948106<br>LEI: 549300B47NZODRMG3D47 | Long             | EC               | CORP              | US        |     37500 | NS      | $803250.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Iveco Group NV                      | Iveco Group NV                                       | CUSIP: 000000000<br>LEI: 549300ZWF2ZJDD9EOR96 | Long             | EC               | CORP              | IT        |    400000 | NS      | $8825752.00   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| McGrath RentCorp                    | McGrath RentCorp                                     | CUSIP: 580589109<br>LEI: 254900EUH6IPWFQ83445 | Long             | EC               | CORP              | US        |     13000 | NS      | $1364090.00   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Kratos Defense & Security Solu      | Kratos Defense & Security Solutions Inc              | CUSIP: 50077B207<br>LEI: 5493000EKBN0UY1F3F88 | Long             | EC               | CORP              | US        |      6500 | NS      | $493415.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Northwest Natural Holding Co        | Northwest Natural Holding Co                         | CUSIP: 66765N105<br>LEI: 254900PSJL6ZEC8FR782 | Long             | EC               | CORP              | US        |     73000 | NS      | $3412020.00   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Danaher Corp                        | Danaher Corp                                         | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |      2025 | NS      | $463563.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Lands' End Inc                      | Lands' End Inc                                       | CUSIP: 51509F105<br>LEI: 54930016WOL7P2P67Q43 | Long             | EC               | CORP              | US        |     53500 | NS      | $776820.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Sonoco Products Co                  | Sonoco Products Co                                   | CUSIP: 835495102<br>LEI: GKOMIK4RDJGHEF0VNP11 | Long             | EC               | CORP              | US        |     53200 | NS      | $2321648.00   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Ardagh Metal Packaging SA           | Ardagh Metal Packaging SA                            | CUSIP: 000000000<br>LEI: 5493009WKQTU4FN9G032 | Long             | EC               | CORP              | LU        |     45000 | NS      | $184500.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Electromed Inc                      | Electromed Inc                                       | CUSIP: 285409108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     28500 | NS      | $829920.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Waterloo Investment Holdings L      | Waterloo Investment Holdings Ltd                     | CUSIP: 000000000<br>LEI: 213800TZIK14GMV2YL02 | Long             | EC               | CORP              | VG        |     10000 | NS      | $3500.00      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Nathan's Famous Inc                 | Nathan's Famous Inc                                  | CUSIP: 632347100<br>LEI: 54930034SKNSF1JIE673 | Long             | EC               | CORP              | US        |    155200 | NS      | $14522064.00  | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Capital Properties Inc              | Capital Properties Inc                               | CUSIP: 140430109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     83500 | NS      | $1062537.50   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| JSP Corp                            | JSP Corp                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      6000 | NS      | $93730.85     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| OPENLANE Inc                        | OPENLANE Inc                                         | CUSIP: 48238T109<br>LEI: 5493004HKD20LBSG7D03 | Long             | EC               | CORP              | US        |    179000 | NS      | $5330620.00   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Orthofix Medical Inc                | Orthofix Medical Inc                                 | CUSIP: 68752M108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    141000 | NS      | $2137560.00   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| IMAX Corp                           | IMAX Corp                                            | CUSIP: 45245E109<br>LEI: 894500GS1ESLAPZCEI74 | Long             | EC               | CORP              | CA        |     20000 | NS      | $739200.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Broadband Corp              | Liberty Broadband Corp                               | CUSIP: 530307107<br>LEI: 549300MIX43II8JLN536 | Long             | EC               | CORP              | US        |     13000 | NS      | $627640.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| NewMarket Corp                      | NewMarket Corp                                       | CUSIP: 651587107<br>LEI: 54930082CG88ERDREQ47 | Long             | EC               | CORP              | US        |      5600 | NS      | $3848656.00   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| BellRing Brands Inc                 | BellRing Brands Inc                                  | CUSIP: 07831C103<br>LEI: 549300S3BOK5CMTS8054 | Long             | EC               | CORP              | US        |     12500 | NS      | $334125.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Standex International Corp          | Standex International Corp                           | CUSIP: 854231107<br>LEI: RCX52GR0JW2LRRMH9Z54 | Long             | EC               | CORP              | US        |     44500 | NS      | $9668960.00   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Enpro Inc                           | Enpro Inc                                            | CUSIP: 29355X107<br>LEI: 549300Y5CFT2LKCFDN54 | Long             | EC               | CORP              | US        |     40000 | NS      | $8565200.00   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| STERIS PLC                          | STERIS PLC                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     22000 | NS      | $5577440.00   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Outfront Media Inc                  | Outfront Media Inc                                   | CUSIP: 69007J304<br>LEI: 549300RZWDYU5722I639 | Long             | EC               | CORP              | US        |     30867 | NS      | $743894.70    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| A O Smith Corp                      | A O Smith Corp                                       | CUSIP: 831865209<br>LEI: 549300XG4US7UJNECY36 | Long             | EC               | CORP              | US        |     17200 | NS      | $1150336.00   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Boyd Gaming Corp                    | Boyd Gaming Corp                                     | CUSIP: 103304101<br>LEI: 254900787YGRYS2A1Z35 | Long             | EC               | CORP              | US        |     24500 | NS      | $2088380.00   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Hyster-Yale Inc                     | Hyster-Yale Inc                                      | CUSIP: 449172105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     35000 | NS      | $1039850.00   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Global Ltd                  | Liberty Global Ltd                                   | CUSIP: 000000000<br>LEI: 213800HRMKKTYH7SKA24 | Long             | EC               | CORP              | GB        |    122000 | NS      | $1346880.00   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Chemed Corp                         | Chemed Corp                                          | CUSIP: 16359R103<br>LEI: 54930020031IDJT2IM79 | Long             | EC               | CORP              | US        |       600 | NS      | $256716.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Seikagaku Corp                      | Seikagaku Corp                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     18000 | NS      | $81703.27     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Village Super Market Inc            | Village Super Market Inc                             | CUSIP: 927107409<br>LEI: 25490069686XCNNEMQ07 | Long             | EC               | CORP              | US        |     46000 | NS      | $1628170.00   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Titan Machinery Inc                 | Titan Machinery Inc                                  | CUSIP: 88830R101<br>LEI: 549300835ZM8G0BT5C94 | Long             | EC               | CORP              | US        |     71000 | NS      | $1067840.00   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Align Technology Inc                | Align Technology Inc                                 | CUSIP: 016255101<br>LEI: 549300N5YSE0U3LCP840 | Long             | EC               | CORP              | US        |      5400 | NS      | $843210.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Alithya Group Inc                   | Alithya Group Inc                                    | CUSIP: 01643B106<br>LEI: 549300KFFXPJJY1FDW42 | Long             | EC               | CORP              | CA        |    350000 | NS      | $422800.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| EW Scripps Co/The                   | EW Scripps Co/The                                    | CUSIP: 811054402<br>LEI: 549300U1OW41QPKYW028 | Long             | EC               | CORP              | US        |    760000 | NS      | $3032400.00   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Movado Group Inc                    | Movado Group Inc                                     | CUSIP: 624580106<br>LEI: 549300WCGCGPWGHVXM59 | Long             | EC               | CORP              | US        |     70000 | NS      | $1443400.00   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameris Bancorp                      | Ameris Bancorp                                       | CUSIP: 03076K108<br>LEI: PBJHNT51T5V6G5UQFV42 | Long             | EC               | CORP              | US        |      5500 | NS      | $408485.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Valley National Bancorp             | Valley National Bancorp                              | CUSIP: 919794107<br>LEI: 549300ET52S1UBIB9762 | Long             | EC               | CORP              | US        |    221000 | NS      | $2581280.00   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Spire Inc                           | Spire Inc                                            | CUSIP: 84857L101<br>LEI: 549300NXSY15DRY2R511 | Long             | EC               | CORP              | US        |      5400 | NS      | $446580.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Arcosa Inc                          | Arcosa Inc                                           | CUSIP: 039653100<br>LEI: 549300WFHLTCZV7D6V29 | Long             | EC               | CORP              | US        |     71500 | NS      | $7601880.00   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Hawkins Inc                         | Hawkins Inc                                          | CUSIP: 420261109<br>LEI: 549300VL3IJ23OWX1Y34 | Long             | EC               | CORP              | US        |     35400 | NS      | $5028924.00   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Sally Beauty Holdings Inc           | Sally Beauty Holdings Inc                            | CUSIP: 79546E104<br>LEI: 529900VXW6E8ONDIQ271 | Long             | EC               | CORP              | US        |    250000 | NS      | $3565000.00   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Modine Manufacturing Co             | Modine Manufacturing Co                              | CUSIP: 607828100<br>LEI: Z35SZFYJR8GZZRSIUU09 | Long             | EC               | CORP              | US        |    188500 | NS      | $25166635.00  | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Townsquare Media Inc                | Townsquare Media Inc                                 | CUSIP: 892231101<br>LEI: 549300XBA8C68H0DR538 | Long             | EC               | CORP              | US        |     43000 | NS      | $221020.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| J & J Snack Foods Corp              | J & J Snack Foods Corp                               | CUSIP: 466032109<br>LEI: 894500IGP1Y2ZQFQMJ83 | Long             | EC               | CORP              | US        |     22500 | NS      | $2033325.00   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Myers Industries Inc                | Myers Industries Inc                                 | CUSIP: 628464109<br>LEI: 549300I2H9XMVTCW4Q51 | Long             | EC               | CORP              | US        |    965500 | NS      | $18074160.00  | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Telephone and Data Systems Inc      | Telephone and Data Systems Inc                       | CUSIP: 879433829<br>LEI: 5299003YZW5BE2NNLO37 | Long             | EC               | CORP              | US        |     35500 | NS      | $1455500.00   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Monro Inc                           | Monro Inc                                            | CUSIP: 610236101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     93000 | NS      | $1863720.00   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Dana Inc                            | Dana Inc                                             | CUSIP: 235825205<br>LEI: KVWHW7YLZPFJM8QYNJ51 | Long             | EC               | CORP              | US        |    996000 | NS      | $23664960.00  | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Daktronics Inc                      | Daktronics Inc                                       | CUSIP: 234264109<br>LEI: 549300IOLZ3SG5YUJ288 | Long             | EC               | CORP              | US        |     57000 | NS      | $1126890.00   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Arq Inc                             | Arq Inc                                              | CUSIP: 00770C101<br>LEI: 52990086HRJSW2EZQH40 | Long             | EC               | CORP              | US        |     30000 | NS      | $98100.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Flushing Financial Corp             | Flushing Financial Corp                              | CUSIP: 343873105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    295000 | NS      | $4475150.00   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Irish Continental Group PLC         | Irish Continental Group PLC                          | CUSIP: 000000000<br>LEI: 635400FQKB6QXERQOC74 | Long             | EC               | CORP              | IE        |     18600 | NS      | $131589.49    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| TINGYI                              | Tingyi Cayman Islands Holding Corp                   | CUSIP: 000000000<br>LEI: 5299009MPI9B60VN4P25 | Long             | EC               | CORP              | CN        |    625000 | NS      | $946811.52    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Middleby Corp/The                   | Middleby Corp/The                                    | CUSIP: 596278101<br>LEI: JDFO86U9VQRBKW5KYA35 | Long             | EC               | CORP              | US        |     50000 | NS      | $7433500.00   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Thomasville Bancshares Inc          | Thomasville Bancshares Inc                           | CUSIP: 884608100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14500 | NS      | $1463050.00   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| USCB Financial Holdings Inc         | USCB Financial Holdings Inc                          | CUSIP: 90355N101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2000 | NS      | $36840.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| TransAct Technologies Inc           | TransAct Technologies Inc                            | CUSIP: 892918103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     25000 | NS      | $100000.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Harley-Davidson Inc                 | Harley-Davidson Inc                                  | CUSIP: 412822108<br>LEI: ZDNAWZWXIKMWI51R2A08 | Long             | EC               | CORP              | US        |      2000 | NS      | $40980.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Hanover Bancorp Inc                 | Hanover Bancorp Inc                                  | CUSIP: 410709109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     25000 | NS      | $577750.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Terex Corp                          | Terex Corp                                           | CUSIP: 880779103<br>LEI: YAWJZJYEQ7M1SYMOS462 | Long             | EC               | CORP              | US        |      7000 | NS      | $373660.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Blue Bird Corp                      | Blue Bird Corp                                       | CUSIP: 095306106<br>LEI: 5493004ZXJUUWQ65ER59 | Long             | EC               | CORP              | US        |     19000 | NS      | $893000.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Global Ltd                  | Liberty Global Ltd                                   | CUSIP: 000000000<br>LEI: 213800HRMKKTYH7SKA24 | Long             | EC               | CORP              | GB        |    190000 | NS      | $2116600.00   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| CommScope Holding Co Inc            | CommScope Holding Co Inc                             | CUSIP: 20337X109<br>LEI: 254900AW4CEPCQWSRI58 | Long             | EC               | CORP              | US        |      6500 | NS      | $117845.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Republic Services Inc               | Republic Services Inc                                | CUSIP: 760759100<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | EC               | CORP              | US        |     57000 | NS      | $12080010.00  | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Phinia Inc                          | Phinia Inc                                           | CUSIP: 71880K101<br>LEI: 254900HG6MORZE1FFM18 | Long             | EC               | CORP              | US        |     28500 | NS      | $1786665.00   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Gentex Corp                         | Gentex Corp                                          | CUSIP: 371901109<br>LEI: 549300S3UD8XV1MN0287 | Long             | EC               | CORP              | US        |    120000 | NS      | $2792400.00   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Crown Holdings Inc                  | Crown Holdings Inc                                   | CUSIP: 228368106<br>LEI: NYLWZIOY8PUNIT4JOE22 | Long             | EC               | CORP              | US        |     89500 | NS      | $9215815.00   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| TFS Financial Corp                  | TFS Financial Corp                                   | CUSIP: 87240R107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16000 | NS      | $214080.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Bel Fuse Inc                        | Bel Fuse Inc                                         | CUSIP: 077347300<br>LEI: 2549009L4XYDBRRY6X39 | Short            | EC               | CORP              | US        |     -3000 | NS      | $-508890.00   | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Entegris Inc                        | Entegris Inc                                         | CUSIP: 29362U104<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | EC               | CORP              | US        |     38200 | NS      | $3218350.00   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| CTS Corp                            | CTS Corp                                             | CUSIP: 126501105<br>LEI: 549300YV1HQLBVHOI649 | Long             | EC               | CORP              | US        |    386000 | NS      | $16547820.00  | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| IAC Inc                             | IAC Inc                                              | CUSIP: 44891N208<br>LEI: 549300TO56L57RP6P031 | Long             | EC               | CORP              | US        |      5000 | NS      | $195500.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Gogo Inc                            | Gogo Inc                                             | CUSIP: 38046C109<br>LEI: 549300VL3DIHSFHYTO04 | Long             | EC               | CORP              | US        |     61000 | NS      | $284260.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Winmark Corp                        | Winmark Corp                                         | CUSIP: 974250102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       400 | NS      | $161976.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Edgewell Personal Care Co           | Edgewell Personal Care Co                            | CUSIP: 28035Q102<br>LEI: 549300CY8QZDL4Z3RU59 | Long             | EC               | CORP              | US        |     20000 | NS      | $341000.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlantic Union Bankshares Corp      | Atlantic Union Bankshares Corp                       | CUSIP: 04911A107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     44200 | NS      | $1560260.00   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Crane NXT Co                        | Crane NXT Co                                         | CUSIP: 224441105<br>LEI: 549300EXNPSXEWUD3N21 | Long             | EC               | CORP              | US        |    127500 | NS      | $6001425.00   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlanta Braves Holdings Inc         | Atlanta Braves Holdings Inc                          | CUSIP: 047726104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    180000 | NS      | $7648200.00   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| AMETEK Inc                          | AMETEK Inc                                           | CUSIP: 031100100<br>LEI: 549300WZDEF9KKE40E98 | Long             | EC               | CORP              | US        |    373000 | NS      | $76580630.00  | 4.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinross Gold Corp                   | Kinross Gold Corp                                    | CUSIP: 496902404<br>LEI: 254900O9KHF2A1ZXPT47 | Long             | EC               | CORP              | CA        |     95000 | NS      | $2675200.00   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Chesapeake Utilities Corp           | Chesapeake Utilities Corp                            | CUSIP: 165303108<br>LEI: 254900WW0FDCKAOCKE74 | Long             | EC               | CORP              | US        |      9800 | NS      | $1222648.00   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Ashland Inc                         | Ashland Inc                                          | CUSIP: 044186104<br>LEI: 529900E4L9R04SB8HB11 | Long             | EC               | CORP              | US        |     28000 | NS      | $1642760.00   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| AAR Corp                            | AAR Corp                                             | CUSIP: 000361105<br>LEI: MP76T5YQX3YK5VVAQ802 | Long             | EC               | CORP              | US        |     20000 | NS      | $1655800.00   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Keweenaw Land Association Ltd       | Keweenaw Land Association Ltd                        | CUSIP: 493026108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     22900 | NS      | $744250.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Sinclair Inc                        | Sinclair Inc                                         | CUSIP: 829242106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    265000 | NS      | $4054500.00   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Corus Entertainment Inc             | Corus Entertainment Inc                              | CUSIP: 220874101<br>LEI: 549300DVZFTUMM4M2O84 | Long             | EC               | CORP              | CA        |    165000 | NS      | $4207.50      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Sirius XM Holdings Inc              | Sirius XM Holdings Inc                               | CUSIP: 829933100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    133000 | NS      | $2659335.00   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| ITV PLC                             | ITV PLC                                              | CUSIP: 000000000<br>LEI: ZLECI7ED2QMWFGYCXZ59 | Long             | EC               | CORP              | GB        |    100000 | NS      | $111003.68    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Salvatore Ferragamo SpA             | Salvatore Ferragamo SpA                              | CUSIP: 000000000<br>LEI: 5493005GRP0FEE3NRI35 | Long             | EC               | CORP              | IT        |     21900 | NS      | $211814.52    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Lionsgate Studios Corp              | Lionsgate Studios Corp                               | CUSIP: 53626N102<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |    580000 | NS      | $5295400.00   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| LCI Industries                      | LCI Industries                                       | CUSIP: 50189K103<br>LEI: 549300E1B98YNJ1WIQ04 | Long             | EC               | CORP              | US        |      3000 | NS      | $364020.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Iwatsuka Confectionery Co Ltd       | Iwatsuka Confectionery Co Ltd                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     92000 | NS      | $1785495.40   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| FNB Corp/PA                         | FNB Corp/PA                                          | CUSIP: 302520101<br>LEI: PCYSKIGYNYFDTBLVZU83 | Long             | EC               | CORP              | US        |     66000 | NS      | $1128600.00   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Media Corp-Liberty For      | Liberty Media Corp-Liberty Formula One               | CUSIP: 531229771<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     20000 | NS      | $1787600.00   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Arca Continental SAB de CV          | Arca Continental SAB de CV                           | CUSIP: 000000000<br>LEI: 254900U2BSJCQHJCXN24 | Long             | EC               | CORP              | MX        |    423000 | NS      | $4568846.31   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| ICU Medical Inc                     | ICU Medical Inc                                      | CUSIP: 44930G107<br>LEI: 5493003NRW7LS2QZRH60 | Long             | EC               | CORP              | US        |     28000 | NS      | $3994760.00   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| VEON Ltd                            | VEON Ltd                                             | CUSIP: 91822M502<br>LEI: 5493008CA3NMHYEVT131 | Long             | EC               | CORP              | AE        |     42200 | NS      | $2218454.00   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Value Line Inc                      | Value Line Inc                                       | CUSIP: 920437100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     34308 | NS      | $1318456.44   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Distribution Solutions Group I      | Distribution Solutions Group Inc                     | CUSIP: 520776105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     94000 | NS      | $2574660.00   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Maple Leaf Foods Inc                | Maple Leaf Foods Inc                                 | CUSIP: 564905107<br>LEI: 549300LX07S5J8F76F37 | Long             | EC               | CORP              | CA        |    596000 | NS      | $10825310.55  | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| GRAIL Inc                           | GRAIL Inc                                            | CUSIP: 384747101<br>LEI: 2549009XSNESW3VE8024 | Long             | EC               | CORP              | US        |     25600 | NS      | $2191104.00   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Badger Meter Inc                    | Badger Meter Inc                                     | CUSIP: 056525108<br>LEI: 5493002JENE20OGTUG20 | Long             | EC               | CORP              | US        |    100500 | NS      | $17528205.00  | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Bull-Dog Sauce Co Ltd               | Bull-Dog Sauce Co Ltd                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     40000 | NS      | $474463.74    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Pentair PLC                         | Pentair PLC                                          | CUSIP: 000000000<br>LEI: 549300EVR9D56WPSRP15 | Long             | EC               | CORP              | GB        |     12500 | NS      | $1301750.00   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Meritage Homes Corp                 | Meritage Homes Corp                                  | CUSIP: 59001A102<br>LEI: 52990044W9UMFJO2FB97 | Long             | EC               | CORP              | US        |      2000 | NS      | $131600.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Gorman-Rupp Co/The                  | Gorman-Rupp Co/The                                   | CUSIP: 383082104<br>LEI: 254900WVLPOIWPGJPA07 | Long             | EC               | CORP              | US        |    723200 | NS      | $34532800.00  | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Hertz Global Holdings Inc           | Hertz Global Holdings Inc                            | CUSIP: 42806J700<br>LEI: 549300NBK3K85MH1EX16 | Long             | EC               | CORP              | US        |    145000 | NS      | $745300.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Vestas Wind Systems A/S             | Vestas Wind Systems A/S                              | CUSIP: 000000000<br>LEI: 549300DYMC8BGZZC8844 | Long             | EC               | CORP              | DK        |     50000 | NS      | $1364140.57   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingles Markets Inc                  | Ingles Markets Inc                                   | CUSIP: 457030104<br>LEI: 549300XH5RYBMYP8TF26 | Long             | EC               | CORP              | US        |    196600 | NS      | $13476930.00  | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Moog Inc                            | Moog Inc                                             | CUSIP: 615394202<br>LEI: 549300WM2I4U7OBAHG07 | Long             | EC               | CORP              | US        |     87200 | NS      | $21237560.00  | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| MSA Safety Inc                      | MSA Safety Inc                                       | CUSIP: 553498106<br>LEI: 529900DVA3258XK11O39 | Long             | EC               | CORP              | US        |      6000 | NS      | $960840.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Crane Co                            | Crane Co                                             | CUSIP: 224408104<br>LEI: 5493000CQRQOTHUODL75 | Long             | EC               | CORP              | US        |    326000 | NS      | $60124180.00  | 3.30%             |  |  |  | No            |                  1 | On Loan: No      |
| KB Home                             | KB Home                                              | CUSIP: 48666K109<br>LEI: 549300LGUCWQURMWLG09 | Long             | EC               | CORP              | US        |     37500 | NS      | $2115375.00   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Tyler Technologies Inc              | Tyler Technologies Inc                               | CUSIP: 902252105<br>LEI: 25490040SMU4Z8LBCW70 | Long             | EC               | CORP              | US        |     29900 | NS      | $13573105.00  | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| MGP Ingredients Inc                 | MGP Ingredients Inc                                  | CUSIP: 55303J106<br>LEI: 2549006OMHFVZ4MS8538 | Long             | EC               | CORP              | US        |      8000 | NS      | $194400.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Strattec Security Corp              | Strattec Security Corp                               | CUSIP: 863111100<br>LEI: 549300Z394OP8S8TSR40 | Long             | EC               | CORP              | US        |    245500 | NS      | $18692370.00  | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Marine Products Corp                | Marine Products Corp                                 | CUSIP: 568427108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    216000 | NS      | $1892160.00   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| PROG Holdings Inc                   | PROG Holdings Inc                                    | CUSIP: 74319R101<br>LEI: 549300DHYTLBOVRXIG52 | Long             | EC               | CORP              | US        |     11000 | NS      | $324390.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Huntington Bancshares Inc/OH        | Huntington Bancshares Inc/OH                         | CUSIP: 446150104<br>LEI: 549300XTVCVV9I7B5T19 | Long             | EC               | CORP              | US        |    410000 | NS      | $7113500.00   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| United Rentals Inc                  | United Rentals Inc                                   | CUSIP: 911363109<br>LEI: 5323X5O7RN0NKFCDRY08 | Long             | EC               | CORP              | US        |     31300 | NS      | $25331716.00  | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Trinity Industries Inc              | Trinity Industries Inc                               | CUSIP: 896522109<br>LEI: R1JB4KXN77XFCXOQKV49 | Long             | EC               | CORP              | US        |    215500 | NS      | $5697820.00   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Astronics Corp                      | Astronics Corp                                       | CUSIP: 046433108<br>LEI: 549300NNXCF8H4MSMK17 | Long             | EC               | CORP              | US        |      8500 | NS      | $461040.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Huntsman Corp                       | Huntsman Corp                                        | CUSIP: 447011107<br>LEI: 5299000V56320A7RIQ67 | Long             | EC               | CORP              | US        |     25000 | NS      | $250000.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Media Corp-Liberty For      | Liberty Media Corp-Liberty Formula One               | CUSIP: 531229755<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     27000 | NS      | $2659770.00   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Ethan Allen Interiors Inc           | Ethan Allen Interiors Inc                            | CUSIP: 297602104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5000 | NS      | $114200.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Albany International Corp           | Albany International Corp                            | CUSIP: 012348108<br>LEI: L73WCPNCZIRSQGZTW097 | Long             | EC               | CORP              | US        |     55000 | NS      | $2788500.00   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Signal Corp                 | Federal Signal Corp                                  | CUSIP: 313855108<br>LEI: 549300RTXZRPTNP6G884 | Long             | EC               | CORP              | US        |    157000 | NS      | $17048630.00  | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Tejon Ranch Co                      | Tejon Ranch Co                                       | CUSIP: 879080109<br>LEI: 549300TMNDO77VJ6J111 | Long             | EC               | CORP              | US        |    134000 | NS      | $2113180.00   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Stryker Corp                        | Stryker Corp                                         | CUSIP: 863667101<br>LEI: 5493002F0SC4JTBU5137 | Long             | EC               | CORP              | US        |      3000 | NS      | $1054410.00   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Nuvera Communications Inc           | Nuvera Communications Inc                            | CUSIP: 67075V100<br>LEI: 549300RONDZIOWF5NR14 | Long             | EC               | CORP              | US        |     86000 | NS      | $1204000.00   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Willamette Valley Vineyards In      | Willamette Valley Vineyards Inc                      | CUSIP: 969136100<br>LEI: 549300EVPVY057V3C517 | Long             | EC               | CORP              | US        |     20000 | NS      | $61000.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Crazy Woman Creek Bancorp Inc       | Crazy Woman Creek Bancorp Inc                        | CUSIP: 225233105<br>LEI: 549300CO3PQ9U193BI03 | Long             | EC               | CORP              | US        |     20800 | NS      | $613704.00    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| KKR & Co Inc                        | KKR & Co Inc                                         | CUSIP: 48251W104<br>LEI: 54930013V5I303TF9571 | Long             | EC               | CORP              | US        |    618000 | NS      | $78782640.00  | 4.33%             |  |  |  | No            |                  1 | On Loan: No      |
| PulteGroup Inc                      | PulteGroup Inc                                       | CUSIP: 745867101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     21600 | NS      | $2532816.00   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| MKS Inc                             | MKS Inc                                              | CUSIP: 55306N104<br>LEI: 549300KEQATBHAGVF505 | Long             | EC               | CORP              | US        |     10700 | NS      | $1709860.00   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Enerpac Tool Group Corp             | Enerpac Tool Group Corp                              | CUSIP: 292765104<br>LEI: IZW37BPZKUJE1QXGB081 | Long             | EC               | CORP              | US        |      5000 | NS      | $191200.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlanta Braves Holdings Inc         | Atlanta Braves Holdings Inc                          | CUSIP: 047726302<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    242000 | NS      | $9546900.00   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Rollins Inc                         | Rollins Inc                                          | CUSIP: 775711104<br>LEI: 549300F2A0BXT4SGWD84 | Long             | EC               | CORP              | US        |    148000 | NS      | $8882960.00   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Madison Square Garden Sports C      | Madison Square Garden Sports Corp                    | CUSIP: 55825T103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     38000 | NS      | $9828700.00   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Treatt PLC                          | Treatt PLC                                           | CUSIP: 000000000<br>LEI: 213800G4OJM9F7G9LG39 | Long             | EC               | CORP              | GB        |    120000 | NS      | $329978.16    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Moog Inc                            | Moog Inc                                             | CUSIP: 615394301<br>LEI: 549300WM2I4U7OBAHG07 | Long             | EC               | CORP              | US        |     18212 | NS      | $4521857.48   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Commercial Vehicle Group Inc        | Commercial Vehicle Group Inc                         | CUSIP: 202608105<br>LEI: 5493006OG8I91X0K7Q22 | Long             | EC               | CORP              | US        |     77000 | NS      | $110880.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Stratasys Ltd                       | Stratasys Ltd                                        | CUSIP: 000000000<br>LEI: 529900MU215GIP9SZ741 | Long             | EC               | CORP              | US        |     30000 | NS      | $260400.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Clear Channel Outdoor Holdings      | Clear Channel Outdoor Holdings Inc                   | CUSIP: 18453H106<br>LEI: 254900XBEE6V1ENYS150 | Long             | EC               | CORP              | US        |   1439000 | NS      | $3180190.00   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| St Joe Co/The                       | St Joe Co/The                                        | CUSIP: 790148100<br>LEI: 529900XVHOT3BF8PWG49 | Long             | EC               | CORP              | US        |    289500 | NS      | $17187615.00  | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Astec Industries Inc                | Astec Industries Inc                                 | CUSIP: 046224101<br>LEI: 5493002DO2QKHLKB2A48 | Long             | EC               | CORP              | US        |    344200 | NS      | $14910744.00  | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Arko Corp                           | Arko Corp                                            | CUSIP: 041242108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     25000 | NS      | $113500.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| John Wiley & Sons Inc               | John Wiley & Sons Inc                                | CUSIP: 968223305<br>LEI: 5493003XM719UN7E8P64 | Long             | EC               | CORP              | US        |      4500 | NS      | $141570.00    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Bruker Corp                         | Bruker Corp                                          | CUSIP: 116794108<br>LEI: LEBZ6VLQ6I8XB1NHVY15 | Long             | EC               | CORP              | US        |     12500 | NS      | $588875.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Golden Entertainment Inc            | Golden Entertainment Inc                             | CUSIP: 381013101<br>LEI: 549300P8YYCKQVJ0Y638 | Long             | EC               | CORP              | US        |    134000 | NS      | $3643460.00   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Champion Homes Inc                  | Champion Homes Inc                                   | CUSIP: 830830105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     73000 | NS      | $6168500.00   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| General Chemical Group Inc/The      | General Chemical Group Inc/The                       | CUSIP: 369332200<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     91200 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| RPC Inc                             | RPC Inc                                              | CUSIP: 749660106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1680000 | NS      | $9139200.00   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Vina Concha y Toro SA               | Vina Concha y Toro SA                                | CUSIP: 000000000<br>LEI: 5493008GQ74NEYBVB518 | Long             | EC               | CORP              | CL        |    370000 | NS      | $420995.96    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| VITASOY INT'L                       | Vitasoy International Holdings Ltd                   | CUSIP: 000000000<br>LEI: 5493003LPGHN62KWIZ77 | Long             | EC               | CORP              | HK        |    950000 | NS      | $764130.70    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Watts Water Technologies Inc        | Watts Water Technologies Inc                         | CUSIP: 942749102<br>LEI: 549300REJOO94ERQN318 | Long             | EC               | CORP              | US        |     39000 | NS      | $10764780.00  | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Central and Eastern Europe Fund Inc | Central and Eastern Europe Fund Inc                  | CUSIP: 153436100<br>LEI: 549300TSXFIOF89ZI608 | Long             | EC               | RF                | US        |     38500 | NS      | $681450.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Kobayashi Pharmaceutical Co Lt      | Kobayashi Pharmaceutical Co Ltd                      | CUSIP: 000000000<br>LEI: 529900WBSL04KD6TKP95 | Long             | EC               | CORP              | JP        |      3300 | NS      | $114353.93    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Hain Celestial Group Inc/The        | Hain Celestial Group Inc/The                         | CUSIP: 405217100<br>LEI: 5493000S8QXWHLIXDP75 | Long             | EC               | CORP              | US        |     43000 | NS      | $46010.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| EchoStar Corp                       | EchoStar Corp                                        | CUSIP: 278768106<br>LEI: 549300EE20907QZ9GT38 | Long             | EC               | CORP              | US        |     55000 | NS      | $5978500.00   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Reading International Inc           | Reading International Inc                            | CUSIP: 755408101<br>LEI: 549300OHQRI7MW2NQU72 | Long             | EC               | CORP              | US        |     50000 | NS      | $52500.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| AMC NETWORKS INC                    | AMC Networks Inc                                     | CUSIP: 00164VAJ2<br>LEI: 549300VGG9K75226LR46 | Long             | DBT              | CORP              | US        |    200000 | PA      | $204900.00    | 0.01%             | 2029-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Kennametal Inc                      | Kennametal Inc                                       | CUSIP: 489170100<br>LEI: 549300GZDSG25XUV0Y08 | Long             | EC               | CORP              | US        |    100000 | NS      | $2841000.00   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Pets at Home Group Plc              | Pets at Home Group Plc                               | CUSIP: 000000000<br>LEI: 2138003Y9ULD24PD3J93 | Long             | EC               | CORP              | GB        |     75000 | NS      | $200170.57    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| HomeTrust Bancshares Inc            | HomeTrust Bancshares Inc                             | CUSIP: 437872104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2000 | NS      | $85880.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CNH Industrial NV                   | CNH Industrial NV                                    | CUSIP: 000000000<br>LEI: 549300WGC2HZ5J67V817 | Long             | EC               | CORP              | GB        |   1400000 | NS      | $12908000.00  | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Legacy Housing Corp                 | Legacy Housing Corp                                  | CUSIP: 52472M101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3000 | NS      | $58560.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Winnebago Industries Inc            | Winnebago Industries Inc                             | CUSIP: 974637100<br>LEI: 549300B7OYKYJLTE3G11 | Long             | EC               | CORP              | US        |     59500 | NS      | $2410940.00   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Shenandoah Telecommunications       | Shenandoah Telecommunications Co                     | CUSIP: 82312B106<br>LEI: 549300XH3H4OUKFPHS84 | Long             | EC               | CORP              | US        |    110000 | NS      | $1271600.00   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| IDT Corp                            | IDT Corp                                             | CUSIP: 448947507<br>LEI: 549300JNTN7ZMJDFCL56 | Long             | EC               | CORP              | US        |      3500 | NS      | $179235.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Navigator Holdings Ltd              | Navigator Holdings Ltd                               | CUSIP: 000000000<br>LEI: 213800H7RVOFYARK2W19 | Long             | EC               | CORP              | US        |    120000 | NS      | $2078400.00   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Live Nation Entertainment Inc       | Live Nation Entertainment Inc                        | CUSIP: 538034109<br>LEI: 5493007B9BM9ZXJINO78 | Long             | EC               | CORP              | US        |     34500 | NS      | $4916250.00   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Ranpak Holdings Corp                | Ranpak Holdings Corp                                 | CUSIP: 75321W103<br>LEI: 5493000Z9EZR9DCYOO86 | Long             | EC               | CORP              | US        |     80000 | NS      | $432800.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Neogen Corp                         | Neogen Corp                                          | CUSIP: 640491106<br>LEI: 549300HJT9FC36N4UW43 | Long             | EC               | CORP              | US        |    100000 | NS      | $699000.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Southwest Gas Holdings Inc          | Southwest Gas Holdings Inc                           | CUSIP: 844895102<br>LEI: 254900LKF9EV0CUKNE09 | Long             | EC               | CORP              | US        |     27000 | NS      | $2160540.00   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| News Corp                           | News Corp                                            | CUSIP: 65249B109<br>LEI: 549300ITS31QK8VRBQ14 | Long             | EC               | CORP              | US        |     34000 | NS      | $888080.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Brembo NV                           | Brembo NV                                            | CUSIP: 000000000<br>LEI: 549300BLWVJN2BAT0A44 | Long             | EC               | CORP              | IT        |    832000 | NS      | $9205670.66   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Watsco Inc                          | Watsco Inc                                           | CUSIP: 942622101<br>LEI: 549300F1Y3LN5BX5WN75 | Long             | EC               | CORP              | US        |      7800 | NS      | $2643030.00   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Fox Corp                            | Fox Corp                                             | CUSIP: 35137L204<br>LEI: 549300DDU6FDRBIELS05 | Long             | EC               | CORP              | US        |      5800 | NS      | $376594.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| TREASURY BILL                       | United States Treasury Bill                          | CUSIP: 912797SM0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1200000 | PA      | $1187016.70   | 0.07%             | 2026-04-23      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Innovex International Inc           | Innovex International Inc                            | CUSIP: 457651107<br>LEI: 5299007REICYIJNMW197 | Long             | EC               | CORP              | US        |    108000 | NS      | $2361960.00   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Core Molding Technologies Inc       | Core Molding Technologies Inc                        | CUSIP: 218683100<br>LEI: 549300ZY2MFRXCKVIJ28 | Long             | EC               | CORP              | US        |    306000 | NS      | $6135300.00   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Borussia Dortmund GmbH & Co KG      | Borussia Dortmund GmbH & Co KGaA                     | CUSIP: 000000000<br>LEI: 529900XO0YTOOKCLQB44 | Long             | EC               | CORP              | DE        |     64000 | NS      | $248202.24    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Chart Industries Inc                | Chart Industries Inc                                 | CUSIP: 16115Q308<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | EC               | CORP              | US        |      9200 | NS      | $1897316.00   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Post Holdings Inc                   | Post Holdings Inc                                    | CUSIP: 737446104<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | EC               | CORP              | US        |     12000 | NS      | $1188600.00   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Copart Inc                          | Copart Inc                                           | CUSIP: 217204106<br>LEI: 549300KVYX3JWMYEHU61 | Long             | EC               | CORP              | US        |    294000 | NS      | $11510100.00  | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Walt Disney Co/The                  | Walt Disney Co/The                                   | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |      3500 | NS      | $398195.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Penn Entertainment Inc              | Penn Entertainment Inc                               | CUSIP: 707569109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3000 | NS      | $44250.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Acuity Inc                          | Acuity Inc                                           | CUSIP: 00508Y102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10000 | NS      | $3600400.00   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Church & Dwight Co Inc              | Church & Dwight Co Inc                               | CUSIP: 171340102<br>LEI: POOXSI30AWAQGYJZC921 | Long             | EC               | CORP              | US        |     39000 | NS      | $3270150.00   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Greif Inc                           | Greif Inc                                            | CUSIP: 397624206<br>LEI: 54930070FVGKR0Z1FI24 | Long             | EC               | CORP              | US        |     93500 | NS      | $6983515.00   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Shimano Inc                         | Shimano Inc                                          | CUSIP: 000000000<br>LEI: 529900L32YT3P9DECR10 | Long             | EC               | CORP              | JP        |      3700 | NS      | $390573.93    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| RB Global Inc                       | RB Global Inc                                        | CUSIP: 74935Q107<br>LEI: 5493002H8U24DJXQ4886 | Long             | EC               | CORP              | US        |     18000 | NS      | $1851660.00   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Marathon Petroleum Corp             | Marathon Petroleum Corp                              | CUSIP: 56585A102<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | EC               | CORP              | US        |     19000 | NS      | $3089970.00   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Takasago International Corp         | Takasago International Corp                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     12500 | NS      | $117626.40    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| INNOVATE Corp                       | INNOVATE Corp                                        | CUSIP: 45784J303<br>LEI: 549300S6O246JWQQ1K58 | Long             | EC               | CORP              | US        |     15900 | NS      | $71868.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Trans-Lux Corp                      | Trans-Lux Corp                                       | CUSIP: 893247304<br>LEI: 5493008JY5051036PN38 | Long             | EC               | CORP              | US        |   1605000 | NS      | $96300.00     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Masimo Corp                         | Masimo Corp                                          | CUSIP: 574795100<br>LEI: 549300Q4A8JK0PIYCU29 | Long             | EC               | CORP              | US        |     32700 | NS      | $4252962.00   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Scotts Miracle-Gro Co/The           | Scotts Miracle-Gro Co/The                            | CUSIP: 810186106<br>LEI: 2TH9E0JTOUXOEGI2R879 | Long             | EC               | CORP              | US        |     25000 | NS      | $1458750.00   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| WD-40 Co                            | WD-40 Co                                             | CUSIP: 929236107<br>LEI: 549300UZHTN0CNKBOB19 | Long             | EC               | CORP              | US        |      9500 | NS      | $1870550.00   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Wynn Resorts Ltd                    | Wynn Resorts Ltd                                     | CUSIP: 983134107<br>LEI: 254900CEKKWIHTEAB172 | Long             | EC               | CORP              | US        |     13300 | NS      | $1600389.00   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Standard Motor Products Inc         | Standard Motor Products Inc                          | CUSIP: 853666105<br>LEI: THGK1EO5B5HK0JHQVZ90 | Long             | EC               | CORP              | US        |    186000 | NS      | $6854100.00   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| TREASURY BILL                       | United States Treasury Bill                          | CUSIP: 912797SL2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4500000 | PA      | $4456986.57   | 0.24%             | 2026-04-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Park-Ohio Holdings Corp             | Park-Ohio Holdings Corp                              | CUSIP: 700666100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    326701 | NS      | $6841118.94   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-02-27

**Name of Applicant:** Gabelli Equity Series Funds Inc

**Signature:** John C. Ball

**Name of Signer:** John C. Ball

**Title:** Treasurer