First Trust Active Factor Small Cap ETF (AFSM)
Holdings of the Fund as of 12/3/2025

Total Number of Holdings (excluding cash): 322

Security Name Identifier CUSIP Classification Shares / Quantity Market Value Weighting Descending sort
InterDigital, Inc. IDCC 45867G101 Information Technology 1,545 $528,142.80 1.00%
Sanmina Corporation SANM 801056102 Information Technology 3,368 $530,325.28 1.00%
Perimeter Solutions, Inc. PRM 71385M107 Materials 18,847 $519,800.26 0.98%
Carpenter Technology Corporation CRS 144285103 Industrials 1,632 $506,654.40 0.96%
TTM Technologies, Inc. TTMI 87305R109 Information Technology 7,655 $511,047.80 0.96%
Credo Technology Group Holding Ltd CRDO G25457105 Information Technology 2,631 $497,758.89 0.94%
Comfort Systems USA, Inc. FIX 199908104 Industrials 518 $491,737.40 0.93%
American Healthcare REIT, Inc. AHR 398182303 Real Estate 9,501 $477,995.31 0.90%
Corcept Therapeutics Inc. CORT 218352102 Health Care 5,515 $461,440.05 0.87%
Halozyme Therapeutics, Inc. HALO 40637H109 Health Care 6,873 $444,408.18 0.84%
Bel Fuse Inc. (Class B) BELFB 077347300 Information Technology 2,594 $414,365.56 0.78%
Catalyst Pharmaceuticals, Inc. CPRX 14888U101 Health Care 17,887 $413,189.70 0.78%
GeneDx Holdings Corp. WGS 81663L200 Health Care 2,359 $378,324.70 0.71%
Macy's, Inc. M 55616P104 Consumer Discretionary 16,833 $378,069.18 0.71%
Turning Point Brands, Inc. TPB 90041L105 Consumer Staples 3,831 $373,790.67 0.71%
iRhythm Technologies, Inc. IRTC 450056106 Health Care 1,991 $364,432.64 0.69%
Veracyte, Inc. VCYT 92337F107 Health Care 7,667 $366,099.25 0.69%
ADMA Biologics, Inc. ADMA 000899104 Health Care 18,284 $360,560.48 0.68%
Cal-Maine Foods, Inc. CALM 128030202 Consumer Staples 4,353 $359,862.51 0.68%
SiriusPoint Ltd. SPNT G8192H106 Financials 16,811 $358,578.63 0.68%
Kiniksa Pharmaceuticals International, Plc (Class A) KNSA G52694109 Health Care 8,601 $349,114.59 0.66%
Rambus Inc. RMBS 750917106 Information Technology 3,436 $336,831.08 0.64%
Teekay Tankers Ltd. (Class A) TNK G8726X106 Energy 5,971 $340,347.00 0.64%
Enact Holdings, Inc. ACT 29249E109 Financials 8,663 $334,478.43 0.63%
Clear Secure, Inc. (Class A) YOU 18467V109 Information Technology 9,829 $329,369.79 0.62%
MGIC Investment Corporation MTG 552848103 Financials 11,532 $326,124.96 0.62%
Preferred Bank PFBC 740367404 Financials 3,433 $327,508.20 0.62%
Tutor Perini Corporation TPC 901109108 Industrials 4,851 $328,073.13 0.62%
Genco Shipping & Trading Limited GNK Y2685T131 Industrials 16,998 $324,491.82 0.61%
Hamilton Insurance Group, Ltd. (Class B) HG G42706104 Financials 12,376 $324,870.00 0.61%
Red Violet, Inc. RDVT 75704L104 Information Technology 5,833 $323,614.84 0.61%
Tactile Systems Technology, Inc. TCMD 87357P100 Health Care 12,329 $324,992.44 0.61%
Applied Industrial Technologies, Inc. AIT 03820C105 Industrials 1,216 $317,230.08 0.60%
Digi International Inc. DGII 253798102 Information Technology 7,460 $320,183.20 0.60%
Interface, Inc. TILE 458665304 Industrials 11,348 $317,290.08 0.60%
Axcelis Technologies, Inc. ACLS 054540208 Information Technology 3,566 $313,879.32 0.59%
Calix, Inc. CALX 13100M509 Information Technology 5,715 $310,610.25 0.59%
Progyny, Inc. PGNY 74340E103 Health Care 12,635 $310,189.25 0.59%
EMCOR Group, Inc. EME 29084Q100 Industrials 500 $306,000.00 0.58%
National Health Investors, Inc. NHI 63633D104 Real Estate 3,911 $308,382.35 0.58%
PHINIA Inc. PHIN 71880K101 Consumer Discretionary 5,632 $307,056.64 0.58%
Sterling Infrastructure, Inc. STRL 859241101 Industrials 953 $308,257.38 0.58%
Ames National Corporation ATLO 031001100 Financials 13,794 $302,778.30 0.57%
Carvana Co. (Class A) CVNA 146869102 Consumer Discretionary 771 $304,545.00 0.57%
The Bancorp, Inc. TBBK 05969A105 Financials 4,476 $299,802.48 0.57%
Blue Bird Corporation BLBD 095306106 Industrials 5,796 $295,769.88 0.56%
First Financial Corporation THFF 320218100 Financials 4,872 $294,804.72 0.56%
Bank First Corporation BFC 06211J100 Financials 2,232 $289,244.88 0.55%
Brinker International, Inc. EAT 109641100 Consumer Discretionary 2,058 $292,380.06 0.55%
Alpha Metallurgical Resources, Inc. AMR 020764106 Materials 1,548 $279,862.92 0.53%
Federated Hermes, Inc. (Class B) FHI 314211103 Financials 5,501 $278,350.60 0.53%
G-III Apparel Group, Ltd. GIII 36237H101 Consumer Discretionary 9,542 $282,729.46 0.53%
Mueller Water Products, Inc. MWA 624758108 Industrials 11,391 $280,446.42 0.53%
City Holding Company CHCO 177835105 Financials 2,229 $273,676.62 0.52%
Life360, Inc. LIF 532206109 Information Technology 3,694 $277,123.88 0.52%
Medpace Holdings, Inc. MEDP 58506Q109 Health Care 476 $274,409.24 0.52%
Nu Skin Enterprises, Inc. (Class A) NUS 67018T105 Consumer Staples 27,684 $276,286.32 0.52%
Sensient Technologies Corporation SXT 81725T100 Materials 2,968 $274,896.16 0.52%
Dorman Products, Inc. DORM 258278100 Consumer Discretionary 2,116 $272,752.40 0.51%
Hawkins, Inc. HWKN 420261109 Materials 1,940 $265,925.48 0.50%
Peoples Bancorp of North Carolina, Inc. PEBK 710577107 Financials 8,052 $266,762.76 0.50%
The Bank of N.T. Butterfield & Son Limited NTB G0772R208 Financials 5,374 $259,456.72 0.49%
First BanCorp. FBP 318672706 Financials 12,666 $256,486.50 0.48%
IES Holdings, Inc. IESC 44951W106 Industrials 607 $254,533.31 0.48%
Sylvamo Corporation SLVM 871332102 Materials 5,307 $255,744.33 0.48%
Tri Pointe Homes, Inc. TPH 87265H109 Consumer Discretionary 7,444 $255,924.72 0.48%
Caledonia Mining Corporation Plc CMCL G1757E113 Materials 9,926 $247,455.18 0.47%
Fidelis Insurance Holdings Limited FIHL G3398L118 Financials 13,477 $248,381.11 0.47%
NETGEAR, Inc. NTGR 64111Q104 Information Technology 9,555 $250,436.55 0.47%
Alkermes Plc ALKS G01767105 Health Care 8,319 $245,660.07 0.46%
EPR Properties EPR 26884U109 Real Estate 4,640 $243,321.60 0.46%
Matson, Inc. MATX 57686G105 Industrials 2,136 $243,845.76 0.46%
Resolute Holdings Management, Inc. RHLD 76134H101 Industrials 1,280 $245,337.60 0.46%
Commvault Systems, Inc. CVLT 204166102 Information Technology 1,881 $233,149.95 0.44%
DXP Enterprises, Inc. DXPE 233377407 Industrials 2,329 $230,640.87 0.44%
Mitek Systems, Inc. MITK 606710200 Information Technology 25,464 $235,287.36 0.44%
Harmonic Inc. HLIT 413160102 Information Technology 22,689 $221,444.64 0.42%
Perdoceo Education Corporation PRDO 71363P106 Consumer Discretionary 7,769 $220,561.91 0.42%
ScanSource, Inc. SCSC 806037107 Information Technology 5,331 $222,729.18 0.42%
Atkore Inc. ATKR 047649108 Industrials 3,294 $218,326.32 0.41%
Huron Consulting Group Inc. HURN 447462102 Industrials 1,282 $213,106.86 0.40%
Laureate Education, Inc. (Class A) LAUR 518613203 Consumer Discretionary 6,938 $214,592.34 0.40%
Northeast Community Bancorp, Inc. NECB 664121100 Financials 9,495 $209,649.60 0.40%
Tarsus Pharmaceuticals, Inc. TARS 87650L103 Health Care 2,621 $214,607.48 0.40%
Ziff Davis, Inc. ZD 48123V102 Communication Services 5,886 $210,954.24 0.40%
Astronics Corporation ATRO 046433108 Industrials 3,976 $205,638.72 0.39%
BrightSpring Health Services, Inc. BTSG 10950A106 Health Care 5,958 $209,244.96 0.39%
Pacira BioSciences, Inc. PCRX 695127100 Health Care 8,523 $206,171.37 0.39%
SPX Technologies SPXC 78473E103 Industrials 997 $208,941.29 0.39%
Scorpio Tankers Inc. STNG Y7542C130 Energy 3,584 $202,782.72 0.38%
The RMR Group Inc. (Class A) RMR 74967R106 Real Estate 12,967 $200,080.81 0.38%
OneSpan Inc. OSPN 68287N100 Information Technology 15,655 $193,965.45 0.37%
Virtus Investment Partners, Inc. VRTS 92828Q109 Financials 1,213 $197,913.08 0.37%
Boise Cascade Company BCC 09739D100 Industrials 2,478 $189,715.68 0.36%
Civitas Resources, Inc. CIVI 17888H103 Energy 6,356 $193,158.84 0.36%
Cushman & Wakefield Ltd. CWK G2717C106 Real Estate 11,549 $188,479.68 0.36%
Globus Medical, Inc. (Class A) GMED 379577208 Health Care 2,156 $189,189.00 0.36%
Sprouts Farmers Market, Inc. SFM 85208M102 Consumer Staples 2,249 $191,389.90 0.36%
CompoSecure, Inc. (Class A) CMPO 20459V105 Information Technology 9,294 $183,742.38 0.35%
Innovative Industrial Properties, Inc. IIPR 45781V101 Real Estate 3,626 $186,412.66 0.35%
National HealthCare Corporation NHC 635906100 Health Care 1,350 $185,868.00 0.35%
Peabody Energy Corporation BTU 704551100 Energy 6,246 $183,819.78 0.35%
Sabra Health Care REIT, Inc. SBRA 78573L106 Real Estate 9,703 $186,491.66 0.35%
Universal Insurance Holdings, Inc. UVE 91359V107 Financials 5,701 $185,966.62 0.35%
Urban Outfitters, Inc. URBN 917047102 Consumer Discretionary 2,371 $187,759.49 0.35%
Arcutis Biotherapeutics, Inc. ARQT 03969K108 Health Care 6,068 $181,797.28 0.34%
CRA International, Inc. CRAI 12618T105 Industrials 960 $179,193.60 0.34%
Essent Group Ltd. ESNT G3198U102 Financials 2,894 $179,080.72 0.34%
Innoviva, Inc. INVA 45781M101 Health Care 8,557 $178,499.02 0.34%
National Vision Holdings, Inc. EYE 63845R107 Consumer Discretionary 6,405 $182,670.60 0.34%
Ardmore Shipping Corporation ASC Y0207T100 Energy 14,313 $175,334.25 0.33%
Dave Inc. (Class A) DAVE 23834J201 Financials 846 $172,389.42 0.33%
Teradata Corporation TDC 88076W103 Information Technology 5,818 $176,285.40 0.33%
Trustmark Corporation TRMK 898402102 Financials 4,470 $175,581.60 0.33%
Academy Sports and Outdoors, Inc. ASO 00402L107 Consumer Discretionary 3,397 $169,765.11 0.32%
ACADIA Pharmaceuticals Inc. ACAD 004225108 Health Care 6,522 $168,789.36 0.32%
Acadian Asset Management Inc. AAMI 10948W103 Financials 3,813 $172,004.43 0.32%
Bread Financial Holdings, Inc. BFH 018581108 Financials 2,394 $170,548.56 0.32%
Cavco Industries, Inc. CVCO 149568107 Consumer Discretionary 287 $168,380.03 0.32%
Otter Tail Corporation OTTR 689648103 Utilities 2,057 $170,196.18 0.32%
Par Pacific Holdings, Inc. PARR 69888T207 Energy 3,807 $170,058.69 0.32%
Simulations Plus, Inc. SLP 829214105 Health Care 8,422 $171,387.70 0.32%
SunCoke Energy, Inc. SXC 86722A103 Materials 24,644 $169,550.72 0.32%
Adtalem Global Education Inc. ATGE 00737L103 Consumer Discretionary 1,762 $166,244.70 0.31%
CorMedix Inc. CRMD 21900C308 Health Care 15,917 $164,263.44 0.31%
Ennis, Inc. EBF 293389102 Industrials 9,123 $163,301.70 0.31%
ESCO Technologies Inc. ESE 296315104 Industrials 812 $163,333.80 0.31%
GigaCloud Technology Inc (Class A) GCT G38644103 Consumer Discretionary 4,198 $165,485.16 0.31%
H&R Block, Inc. HRB 093671105 Consumer Discretionary 3,885 $166,006.05 0.31%
Hudson Technologies, Inc. HDSN 444144109 Industrials 21,257 $162,403.48 0.31%
Indivior Plc INDV G4766E116 Health Care 4,761 $161,969.22 0.31%
Mueller Industries, Inc. MLI 624756102 Industrials 1,449 $161,708.40 0.31%
Patria Investments Limited (Class A) PAX G69451105 Financials 10,669 $162,488.87 0.31%
SIGA Technologies, Inc. SIGA 826917106 Health Care 25,962 $162,002.88 0.31%
Signet Jewelers Limited SIG G81276100 Consumer Discretionary 1,835 $163,351.70 0.31%
TG Therapeutics, Inc. TGTX 88322Q108 Health Care 5,162 $163,170.82 0.31%
Cimpress Plc CMPR G2143T103 Industrials 2,123 $156,443.87 0.30%
ExlService Holdings, Inc. EXLS 302081104 Industrials 3,959 $159,112.21 0.30%
HCI Group, Inc. HCI 40416E103 Financials 899 $161,505.35 0.30%
Lantheus Holdings, Inc. LNTH 516544103 Health Care 2,698 $161,259.46 0.30%
Harmony Biosciences Holdings, Inc. HRMY 413197104 Health Care 4,088 $151,256.00 0.29%
Hims & Hers Health, Inc. HIMS 433000106 Health Care 4,211 $156,101.77 0.29%
Kohl's Corporation KSS 500255104 Consumer Discretionary 6,653 $152,819.41 0.29%
M/I Homes, Inc. MHO 55305B101 Consumer Discretionary 1,133 $155,730.85 0.29%
Photronics, Inc. PLAB 719405102 Information Technology 6,410 $155,378.40 0.29%
PVH Corp. PVH 693656100 Consumer Discretionary 1,755 $153,650.25 0.29%
Adaptive Biotechnologies Corporation ADPT 00650F109 Health Care 8,642 $148,037.46 0.28%
Daktronics, Inc. DAKT 234264109 Information Technology 8,320 $149,593.60 0.28%
Esquire Financial Holdings, Inc. ESQ 29667J101 Financials 1,407 $147,059.64 0.28%
Grand Canyon Education, Inc. LOPE 38526M106 Consumer Discretionary 958 $147,263.76 0.28%
Home BancShares, Inc. HOMB 436893200 Financials 5,242 $149,187.32 0.28%
International Bancshares Corporation IBOC 459044103 Financials 2,206 $149,941.82 0.28%
LivaNova Plc LIVN G5509L101 Health Care 2,346 $148,478.34 0.28%
Mirum Pharmaceuticals, Inc. MIRM 604749101 Health Care 2,100 $149,079.00 0.28%
PJT Partners Inc. (Class A) PJT 69343T107 Financials 888 $149,867.76 0.28%
The Andersons, Inc. ANDE 034164103 Consumer Staples 2,849 $148,176.49 0.28%
Universal Technical Institute, Inc. UTI 913915104 Consumer Discretionary 5,892 $147,358.92 0.28%
Green Brick Partners, Inc. GRBK 392709101 Consumer Discretionary 2,124 $142,987.68 0.27%
Independent Bank Corp. INDB 453836108 Financials 1,942 $143,766.26 0.27%
Ingles Markets, Incorporated IMKTA 457030104 Consumer Staples 1,827 $141,830.01 0.27%
Krystal Biotech, Inc. KRYS 501147102 Health Care 648 $140,914.08 0.27%
Nicolet Bankshares, Inc. NIC 65406E102 Financials 1,119 $144,216.72 0.27%
S&T Bancorp, Inc. STBA 783859101 Financials 3,482 $140,777.26 0.27%
Seneca Foods Corporation SENEA 817070501 Consumer Staples 1,225 $144,868.50 0.27%
Super Group (SGHC) Limited SGHC G8588X103 Consumer Discretionary 13,283 $144,651.87 0.27%
Supernus Pharmaceuticals, Inc. SUPN 868459108 Health Care 3,203 $143,366.28 0.27%
The Buckle, Inc. BKE 118440106 Consumer Discretionary 2,522 $144,788.02 0.27%
UFP Technologies, Inc. UFPT 902673102 Health Care 645 $141,680.70 0.27%
United States Lime & Minerals, Inc. USLM 911922102 Materials 1,181 $140,621.67 0.27%
ACI Worldwide, Inc. ACIW 004498101 Information Technology 2,958 $139,262.64 0.26%
Cars.com Inc. CARS 14575E105 Communication Services 10,963 $135,612.31 0.26%
DHT Holdings, Inc. DHT Y2065G121 Energy 10,537 $136,138.04 0.26%
Dorian LPG Ltd. LPG Y2106R110 Energy 5,587 $139,619.13 0.26%
Hallador Energy Company HNRG 40609P105 Utilities 7,095 $136,578.75 0.26%
InMode Ltd. INMD M5425M103 Health Care 9,447 $136,414.68 0.26%
Metropolitan Bank Holding Corp. MCB 591774104 Financials 1,782 $136,750.68 0.26%
NetScout Systems, Inc. NTCT 64115T104 Information Technology 5,113 $139,124.73 0.26%
OFG Bancorp OFG 67103X102 Financials 3,325 $135,294.25 0.26%
Scholastic Corporation SCHL 807066105 Communication Services 4,771 $140,124.27 0.26%
SkyWest, Inc. SKYW 830879102 Industrials 1,348 $139,167.52 0.26%
US Dollar $USD Other 137,934 $137,934.40 0.26%
Abercrombie & Fitch Co. (Class A) ANF 002896207 Consumer Discretionary 1,347 $134,174.67 0.25%
American Eagle Outfitters, Inc. AEO 02553E106 Consumer Discretionary 5,605 $134,351.85 0.25%
ANI Pharmaceuticals, Inc. ANIP 00182C103 Health Care 1,620 $133,925.40 0.25%
ConnectOne Bancorp, Inc. CNOB 20786W107 Financials 5,088 $133,814.40 0.25%
First Interstate BancSystem, Inc. FIBK 32055Y201 Financials 4,029 $134,286.57 0.25%
Hub Group, Inc. HUBG 443320106 Industrials 3,321 $132,541.11 0.25%
Sapiens International Corporation N.V. SPNS G7T16G103 Information Technology 3,071 $132,943.59 0.25%
Tootsie Roll Industries, Inc. TR 890516107 Consumer Staples 3,522 $132,286.32 0.25%
TripAdvisor, Inc. TRIP 896945201 Communication Services 8,777 $133,937.02 0.25%
Adient Plc ADNT G0084W101 Consumer Discretionary 6,654 $127,956.42 0.24%
MasterBrand, Inc. MBC 57638P104 Industrials 11,015 $127,223.25 0.24%
OceanFirst Financial Corp. OCFC 675234108 Financials 6,457 $125,459.51 0.24%
Omnicell, Inc. OMCL 68213N109 Health Care 3,130 $126,702.40 0.24%
Park National Corporation PRK 700658107 Financials 806 $127,815.48 0.24%
Pitney Bowes Inc. PBI 724479100 Industrials 12,873 $127,442.70 0.24%
Terex Corporation TEX 880779103 Industrials 2,584 $128,373.12 0.24%
TriMas Corporation TRS 896215209 Materials 3,788 $129,473.84 0.24%
Willdan Group, Inc. WLDN 96924N100 Industrials 1,276 $127,281.00 0.24%
Certara, Inc. CERT 15687V109 Health Care 12,489 $120,893.52 0.23%
Highwoods Properties, Inc. HIW 431284108 Real Estate 4,491 $121,930.65 0.23%
IDT Corporation (Class B) IDT 448947507 Communication Services 2,468 $123,523.40 0.23%
Radian Group Inc. RDN 750236101 Financials 3,366 $119,291.04 0.23%
Xometry, Inc. (Class A) XMTR 98423F109 Industrials 2,187 $123,281.19 0.23%
Amalgamated Financial Corp. AMAL 022671101 Financials 3,709 $114,867.73 0.22%
AMC Networks Inc. (Class A) AMCX 00164V103 Communication Services 13,122 $117,704.34 0.22%
Badger Meter, Inc. BMI 056525108 Information Technology 661 $117,856.30 0.22%
DNOW Inc. DNOW 67011P100 Industrials 8,155 $115,637.90 0.22%
nLight, Inc. LASR 65487K100 Information Technology 3,492 $119,147.04 0.22%
Q2 Holdings, Inc. QTWO 74736L109 Information Technology 1,574 $115,248.28 0.22%
Rigel Pharmaceuticals, Inc. RIGL 766559702 Health Care 2,440 $115,192.40 0.22%
Universal Corporation UVV 913456109 Consumer Staples 2,210 $116,599.60 0.22%
Virtu Financial, Inc. (Class A) VIRT 928254101 Financials 3,276 $114,299.64 0.22%
A10 Networks, Inc. ATEN 002121101 Information Technology 6,433 $113,478.12 0.21%
ACM Research, Inc. (Class A) ACMR 00108J109 Information Technology 3,232 $109,694.08 0.21%
Apogee Enterprises, Inc. APOG 037598109 Industrials 2,881 $109,823.72 0.21%
Chord Energy Corporation CHRD 674215207 Energy 1,148 $110,058.76 0.21%
EverQuote, Inc. (Class A) EVER 30041R108 Communication Services 3,964 $108,930.72 0.21%
Peoples Bancorp Inc. PEBO 709789101 Financials 3,747 $113,908.80 0.21%
Sun Country Airlines Holdings, Inc. SNCY 866683105 Industrials 7,788 $110,122.32 0.21%
Vitesse Energy, Inc. VTS 92852X103 Energy 5,207 $113,668.81 0.21%
Astrana Health Inc. ASTH 03763A207 Health Care 4,494 $103,451.88 0.20%
Barrett Business Services, Inc. BBSI 068463108 Industrials 3,015 $106,972.20 0.20%
Caleres, Inc. CAL 129500104 Consumer Discretionary 8,116 $108,348.60 0.20%
Cinemark Holdings, Inc. CNK 17243V102 Communication Services 4,547 $104,080.83 0.20%
Helen of Troy Limited HELE G4388N106 Consumer Discretionary 5,023 $103,373.34 0.20%
Heritage Insurance Holdings, Inc. HRTG 42727J102 Financials 3,694 $103,986.10 0.20%
Intapp, Inc. INTA 45827U109 Information Technology 2,292 $103,552.56 0.20%
LeMaitre Vascular, Inc. LMAT 525558201 Health Care 1,244 $105,640.48 0.20%
MillerKnoll Inc. MLKN 600544100 Industrials 6,530 $104,088.20 0.20%
Victory Capital Holdings, Inc. (Class A) VCTR 92645B103 Financials 1,710 $106,686.90 0.20%
BioCryst Pharmaceuticals, Inc. BCRX 09058V103 Health Care 12,515 $98,242.75 0.19%
Cathay General Bancorp CATY 149150104 Financials 2,010 $99,716.10 0.19%
CommScope Holding Company, Inc. COMM 20337X109 Information Technology 5,430 $103,278.60 0.19%
Ethan Allen Interiors Inc. ETD 297602104 Consumer Discretionary 4,189 $101,960.26 0.19%
Penguin Solutions Inc. PENG 706915105 Information Technology 4,799 $103,082.52 0.19%
CorVel Corporation CRVL 221006109 Health Care 1,302 $93,014.88 0.18%
FirstCash Holdings, Inc. FCFS 33768G107 Financials 572 $92,824.16 0.18%
Hyster-Yale, Inc. HY 449172105 Industrials 2,775 $95,460.00 0.18%
PC Connection, Inc. CNXN 69318J100 Information Technology 1,607 $94,877.28 0.18%
Brady Corporation BRC 104674106 Industrials 1,161 $91,196.55 0.17%
Healthcare Services Group, Inc. HCSG 421906108 Industrials 4,868 $91,567.08 0.17%
Ligand Pharmaceuticals Inc. (Class B) LGND 53220K504 Health Care 457 $88,214.71 0.17%
PriceSmart, Inc. PSMT 741511109 Consumer Staples 715 $90,583.35 0.17%
Rush Street Interactive, Inc. RSI 782011100 Consumer Discretionary 4,702 $87,786.34 0.17%
Sezzle Inc. SEZL 78435P105 Financials 1,413 $91,053.72 0.17%
Avista Corporation AVA 05379B107 Utilities 2,210 $86,919.30 0.16%
Kelly Services, Inc. KELYA 488152208 Industrials 9,441 $82,608.75 0.16%
DXC Technology Company DXC 23355L106 Information Technology 5,916 $81,049.20 0.15%
Hancock Whitney Corporation HWC 410120109 Financials 1,226 $77,152.18 0.15%
USANA Health Sciences, Inc. USNA 90328M107 Consumer Staples 3,750 $75,787.50 0.14%
Watts Water Technologies, Inc. WTS 942749102 Industrials 278 $76,441.66 0.14%
Alarm.com Holdings, Inc. ALRM 011642105 Information Technology 1,276 $66,492.36 0.13%
Medifast, Inc. MED 58470H101 Consumer Staples 6,493 $71,487.93 0.13%
SITE Centers Corp. SITC 82981J851 Real Estate 9,610 $69,864.70 0.13%
Wolverine World Wide, Inc. WWW 978097103 Consumer Discretionary 3,941 $68,809.86 0.13%
Yext, Inc. YEXT 98585N106 Information Technology 7,516 $66,291.12 0.13%
AMN Healthcare Services, Inc. AMN 001744101 Health Care 3,800 $63,422.00 0.12%
Sally Beauty Holdings, Inc. SBH 79546E104 Consumer Discretionary 4,296 $66,115.44 0.12%
Angi Inc. (Class A) ANGI 00183L201 Communication Services 4,595 $57,391.55 0.11%
Concentrix Corporation CNXC 20602D101 Industrials 1,605 $59,272.65 0.11%
Eton Pharmaceuticals, Inc. ETON 29772L108 Health Care 3,586 $59,169.00 0.11%
MAXIMUS, Inc. MMS 577933104 Industrials 664 $56,347.04 0.11%
Murphy Oil Corporation MUR 626717102 Energy 1,769 $58,306.24 0.11%
Pagaya Technologies Ltd. (Class A) PGY M7S64L123 Information Technology 2,522 $60,074.04 0.11%
Taylor Morrison Home Corporation TMHC 87724P106 Consumer Discretionary 919 $59,339.83 0.11%
Central Pacific Financial Corp. CPF 154760409 Financials 1,691 $51,524.77 0.10%
Deluxe Corporation DLX 248019101 Industrials 2,522 $52,886.34 0.10%
ePlus inc. PLUS 294268107 Information Technology 631 $55,357.63 0.10%
Kennametal Inc. KMT 489170100 Industrials 1,922 $53,623.80 0.10%
LiveRamp Holdings, Inc. RAMP 53815P108 Information Technology 1,849 $53,972.31 0.10%
Power Solutions International, Inc. PSIX 73933G202 Industrials 894 $52,459.92 0.10%
ThredUp Inc. (Class A) TDUP 88556E102 Consumer Discretionary 6,558 $52,070.52 0.10%
Axogen, Inc. AXGN 05463X106 Health Care 1,735 $49,152.55 0.09%
NMI Holdings, Inc. (Class A) NMIH 629209305 Financials 1,238 $47,291.60 0.09%
Groupon, Inc. GRPN 399473206 Consumer Discretionary 2,335 $41,819.85 0.08%
Kontoor Brands, Inc. KTB 50050N103 Consumer Discretionary 532 $41,629.00 0.08%
Phreesia Inc. PHR 71944F106 Health Care 1,987 $40,495.06 0.08%
The Western Union Company WU 959802109 Financials 4,833 $43,738.65 0.08%
acuity AYI 00508Y102 Industrials 106 $39,168.06 0.07%
Aurinia Pharmaceuticals Inc. AUPH 05156V102 Health Care 2,312 $34,471.92 0.07%
Carter's, Inc. CRI 146229109 Consumer Discretionary 1,150 $36,961.00 0.07%
Harrow, Inc. HROW 415858109 Health Care 810 $36,061.20 0.07%
International Seaways, Inc. INSW Y41053102 Energy 668 $34,983.16 0.07%
Limbach Holdings, Inc. LMB 53263P105 Industrials 488 $35,233.60 0.07%
MDU Resources Group, Inc. MDU 552690109 Utilities 1,702 $34,448.48 0.07%
Zurn Elkay Water Solutions Corp. ZWS 98983L108 Industrials 767 $36,394.15 0.07%
ASGN Incorporated ASGN 00191U102 Information Technology 699 $31,755.57 0.06%
Graham Holdings Company GHC 384637104 Consumer Discretionary 30 $33,268.50 0.06%
Option Care Health, Inc. OPCH 68404L201 Health Care 1,068 $32,317.68 0.06%
Addus HomeCare Corporation ADUS 006739106 Health Care 203 $23,931.67 0.05%
Artisan Partners Asset Management Inc. (Class A) APAM 04316A108 Financials 660 $28,050.00 0.05%
CarGurus, Inc. CARG 141788109 Communication Services 770 $27,735.40 0.05%
First Hawaiian, Inc. FHB 32051X108 Financials 1,079 $27,298.70 0.05%
Fresh Del Monte Produce Inc. FDP G36738105 Consumer Staples 708 $26,564.16 0.05%
Frontdoor, Inc. FTDR 35905A109 Consumer Discretionary 480 $25,238.40 0.05%
Garrett Motion Inc. GTX 366505105 Consumer Discretionary 1,529 $25,564.88 0.05%
Glaukos Corporation GKOS 377322102 Health Care 262 $28,154.52 0.05%
Griffon Corporation GFF 398433102 Industrials 364 $27,143.48 0.05%
Heritage Financial Corporation HFWA 42722X106 Financials 1,140 $27,451.20 0.05%
Magnolia Oil & Gas Corporation (Class A) MGY 559663109 Energy 1,131 $26,567.19 0.05%
Main Street Capital Corporation MAIN 56035L104 Financials 459 $27,241.65 0.05%
ManpowerGroup Inc. MAN 56418H100 Industrials 939 $27,015.03 0.05%
Movado Group, Inc. MOV 624580106 Consumer Discretionary 1,217 $25,812.57 0.05%
SI-BONE, Inc. SIBN 825704109 Health Care 1,322 $25,355.96 0.05%
Adeia Inc. ADEA 00676P107 Information Technology 1,644 $20,648.64 0.04%
Alamo Group Inc. ALG 011311107 Industrials 121 $20,036.39 0.04%
Apple Hospitality REIT, Inc. APLE 03784Y200 Real Estate 1,926 $22,726.80 0.04%
Avnet, Inc. AVT 053807103 Information Technology 441 $21,745.71 0.04%
HNI Corporation HNI 404251100 Industrials 475 $19,907.25 0.04%
Janus International Group, Inc. JBI 47103N106 Industrials 3,322 $21,161.14 0.04%
Owens & Minor, Inc. OMI 690732102 Health Care 7,240 $18,824.00 0.04%
Park Hotels & Resorts Inc. PK 700517105 Real Estate 2,151 $22,994.19 0.04%
Weis Markets, Inc. WMK 948849104 Consumer Staples 354 $23,813.58 0.04%
Yelp Inc. YELP 985817105 Communication Services 651 $19,614.63 0.04%
Avanos Medical, Inc. AVNS 05350V106 Health Care 1,334 $15,087.54 0.03%
Interparfums, Inc. IPAR 458334109 Consumer Staples 184 $15,095.36 0.03%
The Hackett Group, Inc. HCKT 404609109 Information Technology 907 $17,387.19 0.03%
Upbound Group Inc. UPBD 76009N100 Consumer Discretionary 743 $14,087.28 0.03%
BancFirst Corporation BANF 05945F103 Financials 41 $4,559.61 0.01%
Standard Motor Products, Inc. SMP 853666105 Consumer Discretionary 196 $7,316.68 0.01%
OmniAb Inc. 12.50 Earnout 2200963D 68218J202 Health Care 53 $0.00 0.00%
OmniAb Inc. 15.00 Earnout 2200964D 68218J301 Health Care 53 $0.00 0.00%
Holdings are subject to change.

The holdings information set forth above for the date indicated reflects creation and redemption transactions from the prior business day and may differ from the holdings information currently available from the Fund's custodian and accounting agent. With respect to the market value of the Fund's holdings set forth above, the pricing sources are generally third party vendors. The Fund ultimately relies on pricing information provided by the Fund's accounting agent.