First Trust Active Factor Small Cap ETF (AFSM)
Holdings of the Fund as of 11/26/2025

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 1,401 $504,205.89 1.05%
Carpenter Technology Corporation CRS 144285103 Industrials 1,479 $471,756.63 0.99%
Perimeter Solutions, Inc. PRM 71385M107 Materials 17,080 $474,311.60 0.99%
Sanmina Corporation SANM 801056102 Information Technology 3,053 $475,016.27 0.99%
TTM Technologies, Inc. TTMI 87305R109 Information Technology 6,938 $473,796.02 0.99%
Comfort Systems USA, Inc. FIX 199908104 Industrials 470 $456,346.50 0.95%
Halozyme Therapeutics, Inc. HALO 40637H109 Health Care 6,228 $452,526.48 0.95%
American Healthcare REIT, Inc. AHR 398182303 Real Estate 8,610 $434,805.00 0.91%
Corcept Therapeutics Inc. CORT 218352102 Health Care 4,999 $398,920.20 0.83%
Credo Technology Group Holding Ltd CRDO G25457105 Information Technology 2,385 $391,163.85 0.82%
Catalyst Pharmaceuticals, Inc. CPRX 14888U101 Health Care 16,210 $379,800.30 0.79%
Bel Fuse Inc. (Class B) BELFB 077347300 Information Technology 2,351 $358,974.19 0.75%
GeneDx Holdings Corp. WGS 81663L200 Health Care 2,137 $353,908.57 0.74%
Macy's, Inc. M 55616P104 Consumer Discretionary 15,255 $342,169.65 0.72%
Turning Point Brands, Inc. TPB 90041L105 Consumer Staples 3,471 $345,572.76 0.72%
iRhythm Technologies, Inc. IRTC 450056106 Health Care 1,805 $336,921.30 0.70%
Kiniksa Pharmaceuticals International, Plc (Class A) KNSA G52694109 Health Care 7,794 $331,556.76 0.69%
Veracyte, Inc. VCYT 92337F107 Health Care 6,947 $331,441.37 0.69%
Cal-Maine Foods, Inc. CALM 128030202 Consumer Staples 3,945 $327,395.55 0.68%
SiriusPoint Ltd. SPNT G8192H106 Financials 15,236 $318,889.48 0.67%
ADMA Biologics, Inc. ADMA 000899104 Health Care 16,571 $317,168.94 0.66%
Clear Secure, Inc. (Class A) YOU 18467V109 Information Technology 8,908 $316,412.16 0.66%
Teekay Tankers Ltd. (Class A) TNK G8726X106 Energy 5,410 $314,375.10 0.66%
Hamilton Insurance Group, Ltd. (Class B) HG G42706104 Financials 11,215 $309,534.00 0.65%
Enact Holdings, Inc. ACT 29249E109 Financials 7,850 $305,365.00 0.64%
Progyny, Inc. PGNY 74340E103 Health Care 11,450 $305,715.00 0.64%
MGIC Investment Corporation MTG 552848103 Financials 10,452 $296,627.76 0.62%
Preferred Bank PFBC 740367404 Financials 3,112 $295,266.56 0.62%
Rambus Inc. RMBS 750917106 Information Technology 3,115 $295,520.05 0.62%
Tutor Perini Corporation TPC 901109108 Industrials 4,395 $296,926.20 0.62%
Genco Shipping & Trading Limited GNK Y2685T131 Industrials 15,405 $290,230.20 0.61%
Sterling Infrastructure, Inc. STRL 859241101 Industrials 863 $293,204.25 0.61%
Tactile Systems Technology, Inc. TCMD 87357P100 Health Care 11,174 $289,741.82 0.61%
Calix, Inc. CALX 13100M509 Information Technology 5,178 $288,932.40 0.60%
Digi International Inc. DGII 253798102 Information Technology 6,761 $286,395.96 0.60%
Interface, Inc. TILE 458665304 Industrials 10,283 $286,278.72 0.60%
Red Violet, Inc. RDVT 75704L104 Information Technology 5,287 $288,511.59 0.60%
Applied Industrial Technologies, Inc. AIT 03820C105 Industrials 1,102 $283,566.64 0.59%
Brinker International, Inc. EAT 109641100 Consumer Discretionary 1,866 $283,202.82 0.59%
National Health Investors, Inc. NHI 63633D104 Real Estate 3,545 $282,252.90 0.59%
Blue Bird Corporation BLBD 095306106 Industrials 5,253 $277,043.22 0.58%
Caledonia Mining Corporation Plc CMCL G1757E113 Materials 8,996 $275,187.64 0.58%
EMCOR Group, Inc. EME 29084Q100 Industrials 452 $276,045.44 0.58%
PHINIA Inc. PHIN 71880K101 Consumer Discretionary 5,104 $276,738.88 0.58%
Ames National Corporation ATLO 031001100 Financials 12,501 $273,271.86 0.57%
Axcelis Technologies, Inc. ACLS 054540208 Information Technology 3,233 $265,526.29 0.56%
Life360, Inc. LIF 532206109 Information Technology 3,349 $262,762.54 0.55%
Medpace Holdings, Inc. MEDP 58506Q109 Health Care 431 $261,444.60 0.55%
Nu Skin Enterprises, Inc. (Class A) NUS 67018T105 Consumer Staples 25,089 $261,176.49 0.55%
Sensient Technologies Corporation SXT 81725T100 Materials 2,689 $262,580.85 0.55%
Dorman Products, Inc. DORM 258278100 Consumer Discretionary 1,918 $257,625.76 0.54%
First Financial Corporation THFF 320218100 Financials 4,416 $260,455.68 0.54%
The Bancorp, Inc. TBBK 05969A105 Financials 4,056 $260,273.52 0.54%
Bank First Corporation BFC 06211J100 Financials 2,022 $253,619.46 0.53%
G-III Apparel Group, Ltd. GIII 36237H101 Consumer Discretionary 8,648 $254,856.56 0.53%
Carvana Co. (Class A) CVNA 146869102 Consumer Discretionary 699 $249,773.67 0.52%
City Holding Company CHCO 177835105 Financials 2,019 $246,237.24 0.52%
Federated Hermes, Inc. (Class B) FHI 314211103 Financials 4,985 $250,845.20 0.52%
Mueller Water Products, Inc. MWA 624758108 Industrials 10,323 $250,848.90 0.52%
Peoples Bancorp of North Carolina, Inc. PEBK 710577107 Financials 7,296 $237,995.52 0.50%
Fidelis Insurance Holdings Limited FIHL G3398L118 Financials 12,214 $232,554.56 0.49%
First BanCorp. FBP 318672706 Financials 11,478 $229,904.34 0.48%
Hawkins, Inc. HWKN 420261109 Materials 1,757 $230,237.28 0.48%
IES Holdings, Inc. IESC 44951W106 Industrials 550 $231,412.50 0.48%
Sylvamo Corporation SLVM 871332102 Materials 4,809 $230,158.74 0.48%
Tri Pointe Homes, Inc. TPH 87265H109 Consumer Discretionary 6,745 $230,746.45 0.48%
Alkermes Plc ALKS G01767105 Health Care 7,539 $224,059.08 0.47%
Alpha Metallurgical Resources, Inc. AMR 020764106 Materials 1,404 $225,412.20 0.47%
NETGEAR, Inc. NTGR 64111Q104 Information Technology 8,658 $224,848.26 0.47%
The Bank of N.T. Butterfield & Son Limited NTB G0772R208 Financials 4,870 $226,503.70 0.47%
EPR Properties EPR 26884U109 Real Estate 4,205 $219,921.50 0.46%
Resolute Holdings Management, Inc. RHLD 76134H101 Industrials 1,160 $214,600.00 0.45%
Commvault Systems, Inc. CVLT 204166102 Information Technology 1,704 $210,035.04 0.44%
Matson, Inc. MATX 57686G105 Industrials 1,935 $211,185.90 0.44%
Mitek Systems, Inc. MITK 606710200 Information Technology 23,076 $203,299.56 0.43%
Atkore Inc. ATKR 047649108 Industrials 2,985 $199,666.65 0.42%
DXP Enterprises, Inc. DXPE 233377407 Industrials 2,110 $198,698.70 0.42%
ScanSource, Inc. SCSC 806037107 Information Technology 4,830 $199,623.90 0.42%
Astronics Corporation ATRO 046433108 Industrials 3,604 $196,886.52 0.41%
BrightSpring Health Services, Inc. BTSG 10950A106 Health Care 5,400 $196,992.00 0.41%
Harmonic Inc. HLIT 413160102 Information Technology 20,562 $196,161.48 0.41%
Perdoceo Education Corporation PRDO 71363P106 Consumer Discretionary 7,040 $196,768.00 0.41%
SPX Technologies SPXC 78473E103 Industrials 904 $195,146.48 0.41%
Huron Consulting Group Inc. HURN 447462102 Industrials 1,162 $191,741.62 0.40%
Laureate Education, Inc. (Class A) LAUR 518613203 Consumer Discretionary 6,287 $193,513.86 0.40%
Tarsus Pharmaceuticals, Inc. TARS 87650L103 Health Care 2,375 $191,187.50 0.40%
Scorpio Tankers Inc. STNG Y7542C130 Energy 3,248 $188,091.68 0.39%
Northeast Community Bancorp, Inc. NECB 664121100 Financials 8,604 $183,437.28 0.38%
Pacira BioSciences, Inc. PCRX 695127100 Health Care 7,725 $183,932.25 0.38%
The RMR Group Inc. (Class A) RMR 74967R106 Real Estate 11,752 $180,980.80 0.38%
Cushman & Wakefield Plc CWK G2717B108 Real Estate 10,466 $176,561.42 0.37%
Globus Medical, Inc. (Class A) GMED 379577208 Health Care 1,955 $178,061.40 0.37%
Virtus Investment Partners, Inc. VRTS 92828Q109 Financials 1,099 $176,114.75 0.37%
Ziff Davis, Inc. ZD 48123V102 Communication Services 5,334 $176,822.10 0.37%
Arcutis Biotherapeutics, Inc. ARQT 03969K108 Health Care 5,498 $170,218.08 0.36%
Boise Cascade Company BCC 09739D100 Industrials 2,247 $170,165.31 0.36%
OneSpan Inc. OSPN 68287N100 Information Technology 14,188 $172,951.72 0.36%
Sabra Health Care REIT, Inc. SBRA 78573L106 Real Estate 8,794 $170,075.96 0.36%
Signet Jewelers Limited SIG G81276100 Consumer Discretionary 1,664 $172,174.08 0.36%
Sprouts Farmers Market, Inc. SFM 85208M102 Consumer Staples 2,039 $169,828.31 0.36%
Universal Insurance Holdings, Inc. UVE 91359V107 Financials 5,167 $172,319.45 0.36%
Essent Group Ltd. ESNT G3198U102 Financials 2,624 $165,285.76 0.35%
Innoviva, Inc. INVA 45781M101 Health Care 7,756 $168,382.76 0.35%
National HealthCare Corporation NHC 635906100 Health Care 1,224 $167,908.32 0.35%
National Vision Holdings, Inc. EYE 63845R107 Consumer Discretionary 5,805 $168,403.05 0.35%
Urban Outfitters, Inc. URBN 917047102 Consumer Discretionary 2,149 $166,676.44 0.35%
Civitas Resources, Inc. CIVI 17888H103 Energy 5,759 $163,843.55 0.34%
CompoSecure, Inc. (Class A) CMPO 20459V105 Information Technology 8,424 $164,015.28 0.34%
Dave Inc. (Class A) DAVE 23834J201 Financials 768 $163,683.84 0.34%
Innovative Industrial Properties, Inc. IIPR 45781V101 Real Estate 3,287 $162,739.37 0.34%
Acadian Asset Management Inc. AAMI 10948W103 Financials 3,456 $156,072.96 0.33%
Ardmore Shipping Corporation ASC Y0207T100 Energy 12,972 $159,815.04 0.33%
Cavco Industries, Inc. CVCO 149568107 Consumer Discretionary 260 $158,236.00 0.33%
ESCO Technologies Inc. ESE 296315104 Industrials 737 $156,929.41 0.33%
TG Therapeutics, Inc. TGTX 88322Q108 Health Care 4,679 $156,325.39 0.33%
Trustmark Corporation TRMK 898402102 Financials 4,050 $158,314.50 0.33%
Adaptive Biotechnologies Corporation ADPT 00650F109 Health Care 7,832 $154,447.04 0.32%
CRA International, Inc. CRAI 12618T105 Industrials 870 $154,303.20 0.32%
Otter Tail Corporation OTTR 689648103 Utilities 1,865 $153,135.15 0.32%
Par Pacific Holdings, Inc. PARR 69888T207 Energy 3,450 $154,387.50 0.32%
Peabody Energy Corporation BTU 704551100 Energy 5,661 $152,733.78 0.32%
Academy Sports and Outdoors, Inc. ASO 00402L107 Consumer Discretionary 3,079 $148,469.38 0.31%
ACADIA Pharmaceuticals Inc. ACAD 004225108 Health Care 5,910 $146,627.10 0.31%
Adtalem Global Education Inc. ATGE 00737L103 Consumer Discretionary 1,597 $147,706.53 0.31%
Bread Financial Holdings, Inc. BFH 018581108 Financials 2,169 $146,320.74 0.31%
H&R Block, Inc. HRB 093671105 Consumer Discretionary 3,522 $146,937.84 0.31%
Hims & Hers Health, Inc. HIMS 433000106 Health Care 3,815 $146,496.00 0.31%
Teradata Corporation TDC 88076W103 Information Technology 5,272 $148,986.72 0.31%
Daktronics, Inc. DAKT 234264109 Information Technology 7,540 $144,240.20 0.30%
Ennis, Inc. EBF 293389102 Industrials 8,268 $142,705.68 0.30%
ExlService Holdings, Inc. EXLS 302081104 Industrials 3,587 $142,834.34 0.30%
GigaCloud Technology Inc (Class A) GCT G38644103 Consumer Discretionary 3,805 $142,002.60 0.30%
HCI Group, Inc. HCI 40416E103 Financials 815 $143,847.50 0.30%
Indivior Plc INDV G4766E116 Health Care 4,314 $144,432.72 0.30%
Kohl's Corporation KSS 500255104 Consumer Discretionary 6,029 $145,298.90 0.30%
Lantheus Holdings, Inc. LNTH 516544103 Health Care 2,446 $143,702.50 0.30%
M/I Homes, Inc. MHO 55305B101 Consumer Discretionary 1,028 $143,467.68 0.30%
Mueller Industries, Inc. MLI 624756102 Industrials 1,314 $145,039.32 0.30%
Patria Investments Limited (Class A) PAX G69451105 Financials 9,670 $142,535.80 0.30%
SIGA Technologies, Inc. SIGA 826917106 Health Care 23,529 $142,115.16 0.30%
SunCoke Energy, Inc. SXC 86722A103 Materials 22,334 $144,724.32 0.30%
CorMedix Inc. CRMD 21900C308 Health Care 14,426 $139,210.90 0.29%
Mirum Pharmaceuticals, Inc. MIRM 604749101 Health Care 1,902 $139,093.26 0.29%
Cimpress Plc CMPR G2143T103 Industrials 1,925 $132,594.00 0.28%
Grand Canyon Education, Inc. LOPE 38526M106 Consumer Discretionary 868 $135,781.24 0.28%
Harmony Biosciences Holdings, Inc. HRMY 413197104 Health Care 3,704 $131,714.24 0.28%
Home BancShares, Inc. HOMB 436893200 Financials 4,750 $133,855.00 0.28%
Hudson Technologies, Inc. HDSN 444144109 Industrials 19,265 $131,965.25 0.28%
International Bancshares Corporation IBOC 459044103 Financials 1,999 $132,933.50 0.28%
LivaNova Plc LIVN G5509L101 Health Care 2,127 $135,787.68 0.28%
Photronics, Inc. PLAB 719405102 Information Technology 5,810 $131,945.10 0.28%
PJT Partners Inc. (Class A) PJT 69343T107 Financials 804 $135,055.92 0.28%
PVH Corp. PVH 693656100 Consumer Discretionary 1,590 $133,862.10 0.28%
Seneca Foods Corporation SENEA 817070501 Consumer Staples 1,111 $132,631.18 0.28%
Simulations Plus, Inc. SLP 829214105 Health Care 7,633 $131,974.57 0.28%
Super Group (SGHC) Limited SGHC G8588X103 Consumer Discretionary 12,038 $131,575.34 0.28%
Supernus Pharmaceuticals, Inc. SUPN 868459108 Health Care 2,903 $134,292.78 0.28%
The Andersons, Inc. ANDE 034164103 Consumer Staples 2,582 $132,482.42 0.28%
Esquire Financial Holdings, Inc. ESQ 29667J101 Financials 1,275 $131,210.25 0.27%
Green Brick Partners, Inc. GRBK 392709101 Consumer Discretionary 1,926 $131,449.50 0.27%
Hallador Energy Company HNRG 40609P105 Utilities 6,429 $127,872.81 0.27%
Independent Bank Corp. INDB 453836108 Financials 1,759 $128,090.38 0.27%
Ingles Markets, Incorporated IMKTA 457030104 Consumer Staples 1,656 $127,992.24 0.27%
Krystal Biotech, Inc. KRYS 501147102 Health Care 588 $128,595.60 0.27%
Nicolet Bankshares, Inc. NIC 65406E102 Financials 1,014 $129,041.64 0.27%
Scholastic Corporation SCHL 807066105 Communication Services 4,324 $129,071.40 0.27%
The Buckle, Inc. BKE 118440106 Consumer Discretionary 2,285 $130,953.35 0.27%
UFP Technologies, Inc. UFPT 902673102 Health Care 585 $131,431.95 0.27%
United States Lime & Minerals, Inc. USLM 911922102 Materials 1,070 $129,598.40 0.27%
ACI Worldwide, Inc. ACIW 004498101 Information Technology 2,682 $125,678.52 0.26%
ANI Pharmaceuticals, Inc. ANIP 00182C103 Health Care 1,467 $123,756.12 0.26%
DHT Holdings, Inc. DHT Y2065G121 Energy 9,550 $124,341.00 0.26%
Dorian LPG Ltd. LPG Y2106R110 Energy 5,062 $124,423.96 0.26%
NetScout Systems, Inc. NTCT 64115T104 Information Technology 4,633 $123,840.09 0.26%
S&T Bancorp, Inc. STBA 783859101 Financials 3,155 $124,590.95 0.26%
SkyWest, Inc. SKYW 830879102 Industrials 1,222 $123,690.84 0.26%
Tootsie Roll Industries, Inc. TR 890516107 Consumer Staples 3,192 $123,562.32 0.26%
Universal Technical Institute, Inc. UTI 913915104 Consumer Discretionary 5,340 $123,460.80 0.26%
Adient Plc ADNT G0084W101 Consumer Discretionary 6,030 $118,188.00 0.25%
ConnectOne Bancorp, Inc. CNOB 20786W107 Financials 4,611 $117,534.39 0.25%
First Interstate BancSystem, Inc. FIBK 32055Y201 Financials 3,651 $119,752.80 0.25%
InMode Ltd. INMD M5425M103 Health Care 8,562 $120,381.72 0.25%
Metropolitan Bank Holding Corp. MCB 591774104 Financials 1,614 $121,179.12 0.25%
OFG Bancorp OFG 67103X102 Financials 3,013 $120,459.74 0.25%
Sapiens International Corporation N.V. SPNS G7T16G103 Information Technology 2,783 $120,086.45 0.25%
TripAdvisor, Inc. TRIP 896945201 Communication Services 7,955 $118,052.20 0.25%
Abercrombie & Fitch Co. (Class A) ANF 002896207 Consumer Discretionary 1,221 $116,165.94 0.24%
Cars.com Inc. CARS 14575E105 Communication Services 9,934 $116,426.48 0.24%
Cinemark Holdings, Inc. CNK 17243V102 Communication Services 4,121 $113,327.50 0.24%
Highwoods Properties, Inc. HIW 431284108 Real Estate 4,071 $113,499.48 0.24%
Hub Group, Inc. HUBG 443320106 Industrials 3,009 $116,689.02 0.24%
Park National Corporation PRK 700658107 Financials 731 $113,224.59 0.24%
Pitney Bowes Inc. PBI 724479100 Industrials 11,667 $115,153.29 0.24%
Rigel Pharmaceuticals, Inc. RIGL 766559702 Health Care 2,212 $112,723.52 0.24%
TriMas Corporation TRS 896215209 Materials 3,434 $116,756.00 0.24%
Willdan Group, Inc. WLDN 96924N100 Industrials 1,156 $116,675.08 0.24%
Xometry, Inc. (Class A) XMTR 98423F109 Industrials 1,983 $114,776.04 0.24%
IDT Corporation (Class B) IDT 448947507 Communication Services 2,237 $112,275.03 0.23%
MasterBrand, Inc. MBC 57638P104 Industrials 9,983 $111,210.62 0.23%
nLight, Inc. LASR 65487K100 Information Technology 3,165 $109,857.15 0.23%
OceanFirst Financial Corp. OCFC 675234108 Financials 5,851 $110,408.37 0.23%
Radian Group Inc. RDN 750236101 Financials 3,051 $108,432.54 0.23%
AMC Networks Inc. (Class A) AMCX 00164V103 Communication Services 11,892 $103,936.08 0.22%
American Eagle Outfitters, Inc. AEO 02553E106 Consumer Discretionary 5,080 $102,920.80 0.22%
Badger Meter, Inc. BMI 056525108 Information Technology 598 $105,792.18 0.22%
Certara, Inc. CERT 15687V109 Health Care 11,319 $103,455.66 0.22%
Omnicell, Inc. OMCL 68213N109 Health Care 2,836 $103,967.76 0.22%
Terex Corporation TEX 880779103 Industrials 2,341 $107,147.57 0.22%
Universal Corporation UVV 913456109 Consumer Staples 2,003 $105,377.83 0.22%
US Dollar $USD Other 106,920 $106,919.68 0.22%
Virtu Financial, Inc. (Class A) VIRT 928254101 Financials 2,970 $104,959.80 0.22%
A10 Networks, Inc. ATEN 002121101 Information Technology 5,830 $98,993.40 0.21%
Amalgamated Financial Corp. AMAL 022671101 Financials 3,361 $99,418.38 0.21%
DNOW Inc. DNOW 67011P100 Industrials 7,390 $102,499.30 0.21%
Peoples Bancorp Inc. PEBO 709789101 Financials 3,396 $101,166.84 0.21%
Q2 Holdings, Inc. QTWO 74736L109 Information Technology 1,427 $102,358.71 0.21%
Victory Capital Holdings, Inc. (Class A) VCTR 92645B103 Financials 1,551 $98,007.69 0.21%
Vitesse Energy, Inc. VTS 92852X103 Energy 4,718 $98,983.64 0.21%
ACM Research, Inc. (Class A) ACMR 00108J109 Information Technology 2,929 $96,276.23 0.20%
Apogee Enterprises, Inc. APOG 037598109 Industrials 2,611 $95,275.39 0.20%
Astrana Health Inc. ASTH 03763A207 Health Care 4,074 $93,905.70 0.20%
Barrett Business Services, Inc. BBSI 068463108 Industrials 2,733 $96,502.23 0.20%
Chord Energy Corporation CHRD 674215207 Energy 1,040 $95,960.80 0.20%
CommScope Holding Company, Inc. COMM 20337X109 Information Technology 4,920 $96,087.60 0.20%
EverQuote, Inc. (Class A) EVER 30041R108 Communication Services 3,592 $94,397.76 0.20%
Heritage Insurance Holdings, Inc. HRTG 42727J102 Financials 3,349 $95,848.38 0.20%
LeMaitre Vascular, Inc. LMAT 525558201 Health Care 1,127 $93,957.99 0.20%
MillerKnoll Inc. MLKN 600544100 Industrials 5,918 $94,214.56 0.20%
Sun Country Airlines Holdings, Inc. SNCY 866683105 Industrials 7,059 $96,072.99 0.20%
Cathay General Bancorp CATY 149150104 Financials 1,821 $89,465.73 0.19%
Ethan Allen Interiors Inc. ETD 297602104 Consumer Discretionary 3,796 $89,813.36 0.19%
Brady Corporation BRC 104674106 Industrials 1,053 $84,229.47 0.18%
Caleres, Inc. CAL 129500104 Consumer Discretionary 7,354 $86,777.20 0.18%
CorVel Corporation CRVL 221006109 Health Care 1,179 $86,408.91 0.18%
Helen of Troy Limited HELE G4388N106 Consumer Discretionary 4,552 $86,761.12 0.18%
Intapp, Inc. INTA 45827U109 Information Technology 2,076 $88,437.60 0.18%
Ligand Pharmaceuticals Inc. (Class B) LGND 53220K504 Health Care 415 $85,556.40 0.18%
PC Connection, Inc. CNXN 69318J100 Information Technology 1,457 $84,957.67 0.18%
Penguin Solutions Inc. PENG 706915105 Information Technology 4,349 $88,328.19 0.18%
Avista Corporation AVA 05379B107 Utilities 2,003 $83,024.35 0.17%
BioCryst Pharmaceuticals, Inc. BCRX 09058V103 Health Care 11,342 $80,528.20 0.17%
FirstCash Holdings, Inc. FCFS 33768G107 Financials 518 $82,149.62 0.17%
Healthcare Services Group, Inc. HCSG 421906108 Industrials 4,412 $83,607.40 0.17%
PriceSmart, Inc. PSMT 741511109 Consumer Staples 649 $80,463.02 0.17%
Rush Street Interactive, Inc. RSI 782011100 Consumer Discretionary 4,261 $76,271.90 0.16%
Sezzle Inc. SEZL 78435P105 Financials 1,281 $75,374.04 0.16%
DXC Technology Company DXC 23355L106 Information Technology 5,361 $70,282.71 0.15%
Hyster-Yale, Inc. HY 449172105 Industrials 2,514 $72,051.24 0.15%
Kelly Services, Inc. KELYA 488152208 Industrials 8,556 $73,667.16 0.15%
Watts Water Technologies, Inc. WTS 942749102 Industrials 251 $69,712.74 0.15%
Hancock Whitney Corporation HWC 410120109 Financials 1,112 $67,570.70 0.14%
Medifast, Inc. MED 58470H101 Consumer Staples 5,884 $64,547.48 0.14%
USANA Health Sciences, Inc. USNA 90328M107 Consumer Staples 3,399 $68,081.97 0.14%
Alarm.com Holdings, Inc. ALRM 011642105 Information Technology 1,156 $59,776.76 0.13%
Sally Beauty Holdings, Inc. SBH 79546E104 Consumer Discretionary 3,894 $63,978.42 0.13%
SITE Centers Corp. SITC 82981J851 Real Estate 8,710 $64,192.70 0.13%
AMN Healthcare Services, Inc. AMN 001744101 Health Care 3,443 $59,288.46 0.12%
Wolverine World Wide, Inc. WWW 978097103 Consumer Discretionary 3,572 $58,152.16 0.12%
Yext, Inc. YEXT 98585N106 Information Technology 6,811 $57,416.73 0.12%
Concentrix Corporation CNXC 20602D101 Industrials 1,455 $51,667.05 0.11%
ePlus inc. PLUS 294268107 Information Technology 571 $51,384.29 0.11%
Eton Pharmaceuticals, Inc. ETON 29772L108 Health Care 3,250 $52,617.50 0.11%
MAXIMUS, Inc. MMS 577933104 Industrials 601 $51,818.22 0.11%
Murphy Oil Corporation MUR 626717102 Energy 1,604 $50,445.80 0.11%
Pagaya Technologies Ltd. (Class A) PGY M7S64L123 Information Technology 2,285 $54,931.40 0.11%
Taylor Morrison Home Corporation TMHC 87724P106 Consumer Discretionary 832 $52,723.84 0.11%
Angi Inc. (Class A) ANGI 00183L201 Communication Services 4,163 $47,041.90 0.10%
Central Pacific Financial Corp. CPF 154760409 Financials 1,532 $46,388.96 0.10%
Deluxe Corporation DLX 248019101 Industrials 2,285 $46,636.85 0.10%
Kennametal Inc. KMT 489170100 Industrials 1,742 $48,183.72 0.10%
LiveRamp Holdings, Inc. RAMP 53815P108 Information Technology 1,675 $48,407.50 0.10%
Axogen, Inc. AXGN 05463X106 Health Care 1,573 $44,909.15 0.09%
NMI Holdings, Inc. (Class A) NMIH 629209305 Financials 1,121 $42,732.52 0.09%
Power Solutions International, Inc. PSIX 73933G202 Industrials 810 $42,614.10 0.09%
ThredUp Inc. (Class A) TDUP 88556E102 Consumer Discretionary 5,943 $44,572.50 0.09%
Groupon, Inc. GRPN 399473206 Consumer Discretionary 2,116 $35,866.20 0.08%
Phreesia Inc. PHR 71944F106 Health Care 1,801 $36,974.53 0.08%
The Western Union Company WU 959802109 Financials 4,380 $37,974.60 0.08%
acuity AYI 00508Y102 Industrials 97 $35,499.09 0.07%
Aurinia Pharmaceuticals Inc. AUPH 05156V102 Health Care 2,096 $34,311.52 0.07%
Carter's, Inc. CRI 146229109 Consumer Discretionary 1,042 $33,635.76 0.07%
International Seaways, Inc. INSW Y41053102 Energy 605 $32,119.45 0.07%
Kontoor Brands, Inc. KTB 50050N103 Consumer Discretionary 481 $35,709.44 0.07%
Limbach Holdings, Inc. LMB 53263P105 Industrials 443 $31,577.04 0.07%
MDU Resources Group, Inc. MDU 552690109 Utilities 1,543 $32,649.88 0.07%
Zurn Elkay Water Solutions Corp. ZWS 98983L108 Industrials 695 $33,450.35 0.07%
ASGN Incorporated ASGN 00191U102 Information Technology 633 $28,662.24 0.06%
Graham Holdings Company GHC 384637104 Consumer Discretionary 27 $29,471.85 0.06%
Harrow, Inc. HROW 415858109 Health Care 735 $30,355.50 0.06%
Option Care Health, Inc. OPCH 68404L201 Health Care 969 $30,058.38 0.06%
Addus HomeCare Corporation ADUS 006739106 Health Care 185 $22,370.20 0.05%
Artisan Partners Asset Management Inc. (Class A) APAM 04316A108 Financials 597 $24,966.54 0.05%
CarGurus, Inc. CARG 141788109 Communication Services 698 $25,051.22 0.05%
First Hawaiian, Inc. FHB 32051X108 Financials 977 $24,591.09 0.05%
Fresh Del Monte Produce Inc. FDP G36738105 Consumer Staples 642 $23,221.14 0.05%
Frontdoor, Inc. FTDR 35905A109 Consumer Discretionary 435 $23,420.40 0.05%
Garrett Motion Inc. GTX 366505105 Consumer Discretionary 1,385 $23,032.55 0.05%
Glaukos Corporation GKOS 377322102 Health Care 238 $25,082.82 0.05%
Griffon Corporation GFF 398433102 Industrials 331 $24,881.27 0.05%
Heritage Financial Corporation HFWA 42722X106 Financials 1,032 $25,026.00 0.05%
Magnolia Oil & Gas Corporation (Class A) MGY 559663109 Energy 1,026 $23,526.18 0.05%
Main Street Capital Corporation MAIN 56035L104 Financials 417 $24,056.73 0.05%
ManpowerGroup Inc. MAN 56418H100 Industrials 852 $24,256.44 0.05%
Movado Group, Inc. MOV 624580106 Consumer Discretionary 1,103 $23,493.90 0.05%
SI-BONE, Inc. SIBN 825704109 Health Care 1,199 $23,356.52 0.05%
Adeia Inc. ADEA 00676P107 Information Technology 1,491 $18,354.21 0.04%
Alamo Group Inc. ALG 011311107 Industrials 109 $17,542.46 0.04%
Apple Hospitality REIT, Inc. APLE 03784Y200 Real Estate 1,746 $20,917.08 0.04%
Avnet, Inc. AVT 053807103 Information Technology 399 $18,844.77 0.04%
HNI Corporation HNI 404251100 Industrials 430 $17,685.90 0.04%
Janus International Group, Inc. JBI 47103N106 Industrials 3,010 $18,752.30 0.04%
Owens & Minor, Inc. OMI 690732102 Health Care 6,562 $18,045.50 0.04%
Park Hotels & Resorts Inc. PK 700517105 Real Estate 1,950 $21,118.50 0.04%
Weis Markets, Inc. WMK 948849104 Consumer Staples 321 $20,990.19 0.04%
Yelp Inc. YELP 985817105 Communication Services 591 $17,162.64 0.04%
Avanos Medical, Inc. AVNS 05350V106 Health Care 1,208 $14,302.72 0.03%
Interparfums, Inc. IPAR 458334109 Consumer Staples 166 $13,432.72 0.03%
The Hackett Group, Inc. HCKT 404609109 Information Technology 823 $15,143.20 0.03%
Upbound Group Inc. UPBD 76009N100 Consumer Discretionary 674 $12,307.24 0.03%
BancFirst Corporation BANF 05945F103 Financials 38 $4,241.18 0.01%
Standard Motor Products, Inc. SMP 853666105 Consumer Discretionary 178 $6,756.88 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.