# EDGAR Filing Document

**Accession Number:** 0001045487
**File Stem:** 0000910472-26-003734
**Filing Date:** 2026-3
**Character Count:** 35031
**Document Hash:** a1036730e079bd2859a143527952f36f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-003734.hdr.sgml**: 20260302

**ACCESSION NUMBER**: 0000910472-26-003734

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260302

**DATE AS OF CHANGE**: 20260302

**PERIOD START**: 20260630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** JAMES ADVANTAGE FUNDS
- **CENTRAL INDEX KEY:** 0001045487

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08411
- **FILM NUMBER:** 26706586

**BUSINESS ADDRESS:**
- **STREET 1:** 1349 FAIRGROUND RD
- **CITY:** BEAVERCREEK
- **STATE:** OH
- **ZIP:** 45385
- **BUSINESS PHONE:** 9374267640

**MAIL ADDRESS:**
- **STREET 1:** 1349 FAIRGROUND RD
- **CITY:** BEAVERCREEK
- **STATE:** OH
- **ZIP:** 45385

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** JAMES FUNDS
- **DATE OF NAME CHANGE:** 19970904

## Series and Classes Contracts Data

### James Small Cap Fund (Series ID: S000003563)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000009903 | James Small Cap Fund | JASCX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** JAMES ADVANTAGE FUNDS

- **b. Investment Company Act file number:** 811-08411

- **c. CIK number of Registrant:** 0001045487

- **d. LEI of Registrant:** 549300426TIVT528ZP40

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

  - **Street Address 1:** 225 Pictoria Drive

  - **City:** Cincinnati

  - **State:** OH

  - **Foreign country:** US

  - **Zip / Postal Code:** 45246

  - **Telephone number:** 513-587-3400

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

- **a. Name of Series:** JAMES SMALL CAP FUND

- **b. EDGAR series identifier (if any):** S000003563

- **c. LEI of Series:** 54930078VSHCHGG5AQ06

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

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

- **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:** $74011494.68

**Total Liabilities:** $121568.95

**Net Assets:** $73889925.73

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000009903 | -3.56%               | 4.80%                | -0.21%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $-2574606.06                               |
| Month 2  | $0.00                    | $3322950.87                                |
| Month 3  | $427857.80               | $-563445.07                                |

### Schedule of Portfolio Investments

| Name                                 | Title                                            | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Acm Research Inc                     | ACM Research, Inc. Class A                       | CUSIP: 00108J109<br>LEI: 549300MCTENUWL2GJL61 | Long             | EC               | CORP              | US        |     29471 | NS      | $1162630.95   | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| ANI Pharmaceuticals Inc.             | ANI Pharmaceuticals, Inc.                        | CUSIP: 00182C103<br>LEI: 5493000T6CXTND40YH31 | Long             | EC               | CORP              | US        |      4618 | NS      | $364544.92    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Academy Sports and Outdoors Inc      | Academy Sports & Outdoors, Inc.                  | CUSIP: 00402L107<br>LEI: 529900HST589BD301M91 | Long             | EC               | CORP              | US        |      9709 | NS      | $485061.64    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Adtalem Global Education Inc         | Adtalem Global Education, Inc.                   | CUSIP: 00737L103<br>LEI: 549300Z467EZLMODV621 | Long             | EC               | CORP              | US        |      4847 | NS      | $501519.09    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Agree Realty Corp                    | Agree Realty Corporation                         | CUSIP: 008492100<br>LEI: 98450090H010B37OEB68 | Long             | EC               | CORP              | US        |     13224 | NS      | $952524.72    | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| American Financial Group, Inc.       | American Financial Group Inc                     | CUSIP: 025932104<br>LEI: 549300AFOM7IVKIU1G39 | Long             | EC               | CORP              | US        |      2975 | NS      | $406623.00    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| The Andersons Inc                    | Andersons, Inc. (The)                            | CUSIP: 034164103<br>LEI: L38MWB8MVRFV7HVJPU11 | Long             | EC               | CORP              | US        |     11505 | NS      | $611720.85    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Hospitality Reit Inc           | Apple Hospitality REIT, Inc.                     | CUSIP: 03784Y200<br>LEI: 549300EVZAR0FBZO4F16 | Long             | EC               | CORP              | US        |     40416 | NS      | $478929.60    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Industrial Technologies Inc. | Applied Industrial Technologies, Inc.            | CUSIP: 03820C105<br>LEI: 549300NU173IJRC6PO38 | Long             | EC               | CORP              | US        |      1800 | NS      | $462186.00    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Avista Corporation                   | Avista Corporation                               | CUSIP: 05379B107<br>LEI: Q0IK63NITJD6RJ47SW96 | Long             | EC               | CORP              | US        |     15906 | NS      | $613017.24    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Avnet, Inc.                          | Avnet, Inc.                                      | CUSIP: 053807103<br>LEI: XJI53DCPL7QABOWK4Z75 | Long             | EC               | CORP              | US        |     10682 | NS      | $513590.56    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Axcelis Technologies Inc.            | Axcelis Technologies, Inc.                       | CUSIP: 054540208<br>LEI: 529900HF9B6NL1QG9F05 | Long             | EC               | CORP              | US        |      4849 | NS      | $389568.66    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Axos Financial Inc                   | Axos Financial, Inc.                             | CUSIP: 05465C100<br>LEI: 529900D8M56422GK9O25 | Long             | EC               | CORP              | US        |      7498 | NS      | $646027.68    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Bancorp Inc                          | Bancorp, Inc. (The)                              | CUSIP: 05969A105<br>LEI: 894500FP2ICT1B019Y71 | Long             | EC               | CORP              | US        |      8846 | NS      | $597281.92    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| BankUnited Inc.                      | BankUnited, Inc.                                 | CUSIP: 06652K103<br>LEI: 96OVUWEW5D4YX6PFXD91 | Long             | EC               | CORP              | US        |      8894 | NS      | $396405.58    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Beazer Homes USA Inc.                | Beazer Homes USA, Inc.                           | CUSIP: 07556Q881<br>LEI: 549300DUPYT2T0F60I45 | Long             | EC               | CORP              | US        |     16770 | NS      | $339927.90    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Boise Cascade Co                     | Boise Cascade Company                            | CUSIP: 09739D100<br>LEI: 549300Z8B8LSRHC7XA55 | Long             | EC               | CORP              | US        |     10080 | NS      | $741888.00    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Boot Barn Holdings Inc               | Boot Barn Holdings, Inc.                         | CUSIP: 099406100<br>LEI: 529900QE1BFMYA3N4E71 | Long             | EC               | CORP              | US        |      5541 | NS      | $977820.27    | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Brinker International, Inc.          | Brinker International, Inc.                      | CUSIP: 109641100<br>LEI: 52990067JY6PBGJNTG76 | Long             | EC               | CORP              | US        |     19704 | NS      | $2827918.08   | 3.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Buckle Inc                           | Buckle, Inc. (The)                               | CUSIP: 118440106<br>LEI: 5299007IU0461T3GDL34 | Long             | EC               | CORP              | US        |     11452 | NS      | $611765.84    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Caretrust Reit Inc                   | CareTrust REIT, Inc. REIT                        | CUSIP: 14174T107<br>LEI: 5493001NVXE2B9GPLU96 | Long             | EC               | CORP              | US        |      7174 | NS      | $259411.84    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Casey'S General Stores Inc.          | Casey's General Stores, Inc.                     | CUSIP: 147528103<br>LEI: 549300CAFWSI86V66Q65 | Long             | EC               | CORP              | US        |       342 | NS      | $189026.82    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Catalyst Pharmaceuticals Inc.        | Catalyst Pharmaceuticals, Inc.                   | CUSIP: 14888U101<br>LEI: 5299004O0R5XXLA5H544 | Long             | EC               | CORP              | US        |     33482 | NS      | $781469.88    | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Cleveland-Cliffs Inc                 | Cleveland-Cliffs, Inc.                           | CUSIP: 185899101<br>LEI: 549300TM2WLI2BJMDD86 | Long             | EC               | CORP              | US        |     24575 | NS      | $326356.00    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Consolidated Inc           | Coca-Cola Consolidated, Inc.                     | CUSIP: 191098102<br>LEI: 57VG5X0E00X0QJU7CQ58 | Long             | EC               | CORP              | US        |     10207 | NS      | $1564733.10   | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Concentrix Corp.                     | Concentrix Corporation                           | CUSIP: 20602D101<br>LEI: 5493000EAJN1KMPVA737 | Long             | EC               | CORP              | US        |      3235 | NS      | $134511.30    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Corcept Therapeutics Inc.            | Corcept Therapeutics, Inc.                       | CUSIP: 218352102<br>LEI: 529900EO9LUTFMZ7FF90 | Long             | EC               | CORP              | US        |     17005 | NS      | $591774.00    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Core Natural Resources Inc.          | Core Natural Resources, Inc.                     | CUSIP: 218937100<br>LEI: 549300YJCTPJBTK7IJ81 | Long             | EC               | CORP              | US        |      3313 | NS      | $293233.63    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| DXC Technology Company               | DXC Technology Company                           | CUSIP: 23355L106<br>LEI: 549300DOVZ3EDJB7O259 | Long             | EC               | CORP              | US        |     50173 | NS      | $735034.45    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Dynavax Technologies Corp.           | Dynavax Technologies Corporation                 | CUSIP: 268158201<br>LEI: 549300T5URIXWDILX594 | Long             | EC               | CORP              | US        |     70439 | NS      | $1083351.82   | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| EPR Properties                       | EPR Properties REIT                              | CUSIP: 26884U109<br>LEI: 549300YSSXFHMPOWZ492 | Long             | EC               | CORP              | US        |      6649 | NS      | $331785.10    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Emergent Biosolutions Inc            | Emergent BioSolutions, Inc.                      | CUSIP: 29089Q105<br>LEI: 549300YW6TUOX8BE5103 | Long             | EC               | CORP              | US        |     49485 | NS      | $611634.60    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Enova International Inc.             | Enova International, Inc.                        | CUSIP: 29357K103<br>LEI: 549300O8XOCQSB49UO63 | Long             | EC               | CORP              | US        |     22675 | NS      | $3564510.00   | 4.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Ensign Group Inc                     | Ensign Group, Inc. (The)                         | CUSIP: 29358P101<br>LEI: 5493003K4HEEA8Q0BC72 | Long             | EC               | CORP              | US        |      2774 | NS      | $483230.80    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Evercore Inc                         | Evercore, Inc. Class A                           | CUSIP: 29977A105<br>LEI: 529900P6KLPT95DW3W58 | Long             | EC               | CORP              | US        |      8141 | NS      | $2769975.25   | 3.75%             |  |  |  | No            |                  1 | On Loan: No      |
| EZCORP Inc.                          | EZCORP, Inc. Class A                             | CUSIP: 302301106<br>LEI: 5493003K6PG3ZQ7TUQ63 | Long             | EC               | CORP              | US        |     46600 | NS      | $904972.00    | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| FTI Consulting, Inc.                 | FTI Consulting, Inc.                             | CUSIP: 302941109<br>LEI: 549300K17GM8EQD0FQ48 | Long             | EC               | CORP              | US        |      7168 | NS      | $1224509.44   | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Federated Hermes Inc                 | Federated Hermes, Inc. Class B                   | CUSIP: 314211103<br>LEI: R05X5UQ874RGFF7HHD84 | Long             | EC               | CORP              | US        |      8893 | NS      | $463058.51    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Funds Inc.            | First American Treasury Obligations Fund Class X | CUSIP: 31846V328<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |   2621368 | PA      | $2621368.35   | 3.55%             |  |  |  | No            |                  1 | On Loan: No      |
| First Bancorp Puerto Rico            | First BanCorp                                    | CUSIP: 318672706<br>LEI: N/A                  | Long             | EC               | CORP              | PR        |     60255 | NS      | $1249086.15   | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Generac Holdings Inc.                | Generac Holdings, Inc.                           | CUSIP: 368736104<br>LEI: 529900S2H2AHJHSFFI84 | Long             | EC               | CORP              | US        |      5501 | NS      | $750171.37    | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Graphic Packaging Holding Company    | Graphic Packaging Holding Company                | CUSIP: 388689101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     17989 | NS      | $270914.34    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| HF Sinclair Corp.                    | HF Sinclair Corporation                          | CUSIP: 403949100<br>LEI: 2549009G116AM01XHN24 | Long             | EC               | CORP              | US        |     10912 | NS      | $502824.96    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Halozyme Therapeutics Inc            | Halozyme Therapeutics, Inc.                      | CUSIP: 40637H109<br>LEI: 529900242I3SV9AGM753 | Long             | EC               | CORP              | US        |     12754 | NS      | $858344.20    | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Hillenbrand, Inc.                    | Hillenbrand, Inc.                                | CUSIP: 431571108<br>LEI: U246OE781574J2BUD366 | Long             | EC               | CORP              | US        |     14981 | NS      | $475197.32    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Houlihan Lokey Inc.                  | Houlihan Lokey, Inc.                             | CUSIP: 441593100<br>LEI: 549300S3CNGTQ1QZVY46 | Long             | EC               | CORP              | US        |      5219 | NS      | $909097.61    | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Idacorp Inc                          | IDACORP, Inc.                                    | CUSIP: 451107106<br>LEI: N134NUJDWN8UEFA8B673 | Long             | EC               | CORP              | US        |      4898 | NS      | $619890.88    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Innospec Inc                         | Innospec, Inc.                                   | CUSIP: 45768S105<br>LEI: 213800SQBACNY5IWJO68 | Long             | EC               | CORP              | US        |      6901 | NS      | $528202.54    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Innoviva Inc                         | Innoviva, Inc.                                   | CUSIP: 45781M101<br>LEI: 549300ACOX4QTBES6535 | Long             | EC               | CORP              | US        |     55904 | NS      | $1117520.96   | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Integer Holdings Corp.               | Integer Holdings Corporation                     | CUSIP: 45826H109<br>LEI: 549300SUD2ED5XG6X569 | Long             | EC               | CORP              | US        |      7067 | NS      | $554264.81    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| InterDigital, Inc.                   | InterDigital, Inc.                               | CUSIP: 45867G101<br>LEI: 529900HQAUTC3VI47G64 | Long             | EC               | CORP              | US        |      1932 | NS      | $615110.16    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Kite Realty Group Trust              | Kite Realty Group Trust REIT                     | CUSIP: 49803T300<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     21361 | NS      | $512023.17    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Kontoor Brands Inc                   | Kontoor Brands, Inc.                             | CUSIP: 50050N103<br>LEI: 549300M0CPXV65RFF271 | Long             | EC               | CORP              | US        |      5775 | NS      | $352794.75    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| MGIC Investment Corp.                | MGIC Investment Corporation                      | CUSIP: 552848103<br>LEI: 254900S8483WM4M98R28 | Long             | EC               | CORP              | US        |     54020 | NS      | $1578464.40   | 2.14%             |  |  |  | No            |                  1 | On Loan: No      |
| M/I Homes Inc.                       | M/I Homes, Inc.                                  | CUSIP: 55305B101<br>LEI: 5299005M71FH9CCSFB69 | Long             | EC               | CORP              | US        |      5458 | NS      | $698351.10    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Magnolia Oil & Gas Corporation       | Magnolia Oil & Gas Corporation                   | CUSIP: 559663109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     23525 | NS      | $514962.25    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Matador Resources Company            | Matador Resources Company                        | CUSIP: 576485205<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | EC               | CORP              | US        |     14016 | NS      | $594839.04    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Murphy Oil Corporation               | Murphy Oil Corporation                           | CUSIP: 626717102<br>LEI: QBKYQD0ODE7DC7PDIN91 | Long             | EC               | CORP              | US        |     18168 | NS      | $567750.00    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| National Healthcare Corporation      | National HealthCare Corporation                  | CUSIP: 635906100<br>LEI: 254900PTS11LS1JS2752 | Long             | EC               | CORP              | US        |      4427 | NS      | $606897.43    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| National Storage Affiliates Trust    | National Storage Affiliates Trust                | CUSIP: 637870106<br>LEI: 529900FS06O8GOYNR108 | Long             | EC               | CORP              | US        |     13345 | NS      | $376462.45    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Nexstar Media Group Inc              | Nexstar Media Group, Inc.                        | CUSIP: 65336K103<br>LEI: 52990083ZRR5UT591988 | Long             | EC               | CORP              | US        |      2427 | NS      | $492802.35    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Chord Energy Corp.                   | Chord Energy Corporation                         | CUSIP: 674215207<br>LEI: 529900FA4V2YNIKZ0M71 | Long             | EC               | CORP              | US        |      3457 | NS      | $320463.90    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Option Care Health Inc               | Option Care Health, Inc.                         | CUSIP: 68404L201<br>LEI: 549300DI3Q5ACSYJRI17 | Long             | EC               | CORP              | US        |     13012 | NS      | $414562.32    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Otter Tail Corporation               | Otter Tail Corporation                           | CUSIP: 689648103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10564 | NS      | $853676.84    | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| PC Connection Inc.                   | PC Connection, Inc.                              | CUSIP: 69318J100<br>LEI: 5299005WPRNIXDV2KM73 | Long             | EC               | CORP              | US        |     22420 | NS      | $1294979.20   | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Patrick Industries Inc.              | Patrick Industries, Inc.                         | CUSIP: 703343103<br>LEI: 549300FZ5ZTCCJ3Z5W14 | Long             | EC               | CORP              | US        |     11845 | NS      | $1284353.35   | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Piper Sandler Companies              | Piper Sandler Cos                                | CUSIP: 724078100<br>LEI: QUQDBTUSOAKFEVMRMF78 | Long             | EC               | CORP              | US        |      6856 | NS      | $2329051.76   | 3.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Portland General Electric Company    | Portland General Electric Company                | CUSIP: 736508847<br>LEI: GJOUP9M7C39GLSK9R870 | Long             | EC               | CORP              | US        |     11816 | NS      | $567049.84    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Powell Industries Inc.               | Powell Industries, Inc.                          | CUSIP: 739128106<br>LEI: 549300V08RO7MX2UBN26 | Long             | EC               | CORP              | US        |      2919 | NS      | $930518.82    | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Pricesmart Inc                       | PriceSmart, Inc.                                 | CUSIP: 741511109<br>LEI: 549300JVYOSTGVSDZS46 | Long             | EC               | CORP              | US        |      7507 | NS      | $920883.69    | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Progress Software Corp.              | Progress Software Corporation                    | CUSIP: 743312100<br>LEI: 549300R65B3JG6972S24 | Long             | EC               | CORP              | US        |      7780 | NS      | $334228.80    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Radian Group Inc.                    | Radian Group, Inc.                               | CUSIP: 750236101<br>LEI: 54930005OUP720S5U385 | Long             | EC               | CORP              | US        |     36949 | NS      | $1329794.51   | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryder System, Inc.                   | Ryder System, Inc.                               | CUSIP: 783549108<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | EC               | CORP              | US        |      4356 | NS      | $833694.84    | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Sl Green Realty Corp                 | SL Green Realty Corporation REIT                 | CUSIP: 78440X887<br>LEI: 549300VQZPJU97H3GT17 | Long             | EC               | CORP              | US        |      8510 | NS      | $390353.70    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Sabra Health Care REIT, Inc.         | Sabra Health Care REIT, Inc. REIT                | CUSIP: 78573L106<br>LEI: 549300E3BC7GU7TAZ621 | Long             | EC               | CORP              | US        |     23904 | NS      | $452741.76    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Southstate Bank Corp.                | SOUTHSTATE BANK CORP                             | CUSIP: 84472E102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6788 | NS      | $638818.68    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| STAG Industrial, Inc.                | STAG Industrial, Inc.                            | CUSIP: 85254J102<br>LEI: 549300QWYX2W6FASVQ07 | Long             | EC               | CORP              | US        |     11030 | NS      | $405462.80    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Sterling Infrastructure Inc          | Sterling Infrastructure, Inc.                    | CUSIP: 859241101<br>LEI: 549300RZIK6K1215XU51 | Long             | EC               | CORP              | US        |      3339 | NS      | $1022501.97   | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Supernus Pharmaceuticals, Inc        | Supernus Pharmaceuticals, Inc.                   | CUSIP: 868459108<br>LEI: 549300GRM36VBKISYJ58 | Long             | EC               | CORP              | US        |     20863 | NS      | $1036891.10   | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Sylvamo Corp.                        | Sylvamo Corporation                              | CUSIP: 871332102<br>LEI: 5493001AOYU1ZOWOC971 | Long             | EC               | CORP              | US        |      4319 | NS      | $207959.85    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| TD Synnex Corp                       | TD SYNNEX Corporation                            | CUSIP: 87162W100<br>LEI: 5493004HI6PFLF46NS53 | Long             | EC               | CORP              | US        |      1235 | NS      | $185534.05    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Terreno Realty Corporation           | Terreno Realty Corporation                       | CUSIP: 88146M101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9740 | NS      | $571835.40    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Urban Outfitters Inc.                | Urban Outfitters, Inc.                           | CUSIP: 917047102<br>LEI: 549300N3DUFR5U6NRN38 | Long             | EC               | CORP              | US        |     12104 | NS      | $910947.04    | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Urban Edge Properties                | Urban Edge Properties REIT                       | CUSIP: 91704F104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15541 | NS      | $298231.79    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Warrior Met Coal Inc                 | Warrior Met Coal, Inc.                           | CUSIP: 93627C101<br>LEI: 549300152B1S9YKBYV79 | Long             | EC               | CORP              | US        |     15660 | NS      | $1380742.20   | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Wesco International, Inc.            | WESCO International, Inc.                        | CUSIP: 95082P105<br>LEI: 529900TXOGREY3WNJ434 | Long             | EC               | CORP              | US        |      4767 | NS      | $1166198.88   | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Winmark Corp.                        | Winmark Corporation                              | CUSIP: 974250102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1313 | NS      | $531686.22    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| WisdomTree, Inc.                     | WisdomTree, Inc.                                 | CUSIP: 97717P104<br>LEI: 549300WIU8IS7UFO7871 | Long             | EC               | CORP              | US        |     58595 | NS      | $714273.05    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Xenia Hotels & Resorts Inc           | Xenia Hotels & Resorts, Inc.                     | CUSIP: 984017103<br>LEI: 54930075IWIPHF5IQL62 | Long             | EC               | CORP              | US        |     28703 | NS      | $405860.42    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Yeti Holdings Inc                    | YETI Holdings, Inc.                              | CUSIP: 98585X104<br>LEI: 549300DSQICIGNT5GO63 | Long             | EC               | CORP              | US        |     22861 | NS      | $1009770.37   | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Alkermes PLC                         | Alkermes plc                                     | CUSIP: G01767105<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |     10212 | NS      | $285731.76    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Assured Guaranty Ltd.                | Assured Guaranty Ltd.                            | CUSIP: G0585R106<br>LEI: 549300BBOQUJEPH87M14 | Long             | EC               | CORP              | BM        |     13368 | NS      | $1201382.16   | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| GigaCloud Technology Inc.            | GigaCloud Technology, Inc.                       | CUSIP: G38644103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     17930 | NS      | $704290.40    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Nova Ltd                             | Nova Ltd.                                        | CUSIP: M7516K103<br>LEI: 529900B2DSWE5V3SC292 | Long             | EC               | CORP              | IL        |      3866 | NS      | $1269555.74   | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

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

**Name of Applicant:** Lesley Ott

**Signature:** Lesley Ott

**Name of Signer:** Lesley Ott

**Title:** Chief Compliance Officer