Holdings of the Fund as of 11/21/2025
Total Number of Holdings (excluding cash): 152
| Stoke Therapeutics, Inc. |
STOK |
86150R107 |
Health Care |
154,819 |
$4,542,389.46 |
2.22% |
| Plymouth Industrial REIT, Inc. |
PLYM |
729640102 |
Real Estate |
139,866 |
$3,109,221.18 |
1.52% |
| TETRA Technologies, Inc. |
TTI |
88162F105 |
Energy |
418,398 |
$3,104,513.16 |
1.52% |
| Ameresco, Inc. (Class A) |
AMRC |
02361E108 |
Industrials |
95,871 |
$3,014,184.24 |
1.47% |
| GigaCloud Technology Inc (Class A) |
GCT |
G38644103 |
Consumer Discretionary |
82,669 |
$2,883,494.72 |
1.41% |
| Deluxe Corporation |
DLX |
248019101 |
Industrials |
140,905 |
$2,771,601.35 |
1.35% |
| Universal Insurance Holdings, Inc. |
UVE |
91359V107 |
Financials |
80,010 |
$2,669,133.60 |
1.30% |
| The ODP Corporation |
ODP |
88337F105 |
Consumer Discretionary |
94,441 |
$2,636,792.72 |
1.29% |
| Rigel Pharmaceuticals, Inc. |
RIGL |
766559702 |
Health Care |
56,309 |
$2,602,320.45 |
1.27% |
| Hanmi Financial Corporation |
HAFC |
410495204 |
Financials |
93,760 |
$2,555,897.60 |
1.25% |
| United Fire Group, Inc. |
UFCS |
910340108 |
Financials |
68,822 |
$2,540,908.24 |
1.24% |
| Central Pacific Financial Corp. |
CPF |
154760409 |
Financials |
84,700 |
$2,516,437.00 |
1.23% |
| Standard Motor Products, Inc. |
SMP |
853666105 |
Consumer Discretionary |
65,574 |
$2,475,418.50 |
1.21% |
| TrustCo Bank Corp NY |
TRST |
898349204 |
Financials |
59,178 |
$2,458,254.12 |
1.20% |
| Business First Bancshares, Inc. |
BFST |
12326C105 |
Financials |
92,931 |
$2,390,185.32 |
1.17% |
| NB Bancorp, Inc. |
NBBK |
63945M107 |
Financials |
121,222 |
$2,351,706.80 |
1.15% |
| American Axle & Manufacturing Holdings, Inc. |
AXL |
024061103 |
Consumer Discretionary |
372,515 |
$2,320,768.45 |
1.13% |
| CNB Financial Corporation |
CCNE |
126128107 |
Financials |
91,732 |
$2,295,134.64 |
1.12% |
| Horizon Bancorp, Inc. |
HBNC |
440407104 |
Financials |
138,434 |
$2,267,548.92 |
1.11% |
| Douglas Dynamics, Inc. |
PLOW |
25960R105 |
Industrials |
72,331 |
$2,247,324.17 |
1.10% |
| Orrstown Financial Services, Inc. |
ORRF |
687380105 |
Financials |
61,187 |
$2,156,841.75 |
1.05% |
| Camden National Corporation |
CAC |
133034108 |
Financials |
53,116 |
$2,119,859.56 |
1.04% |
| First Financial Corporation |
THFF |
320218100 |
Financials |
37,203 |
$2,136,196.26 |
1.04% |
| Genco Shipping & Trading Limited |
GNK |
Y2685T131 |
Industrials |
118,676 |
$2,124,300.40 |
1.04% |
| Carriage Services, Inc. |
CSV |
143905107 |
Consumer Discretionary |
49,280 |
$2,085,529.60 |
1.02% |
| Kimball Electronics, Inc. |
KE |
49428J109 |
Information Technology |
76,535 |
$2,070,271.75 |
1.01% |
| Equity Bancshares, Inc. (Class A) |
EQBK |
29460X109 |
Financials |
48,264 |
$2,052,667.92 |
1.00% |
| John B. Sanfilippo & Son, Inc. |
JBSS |
800422107 |
Consumer Staples |
28,759 |
$2,022,045.29 |
0.99% |
| Sun Country Airlines Holdings, Inc. |
SNCY |
866683105 |
Industrials |
167,372 |
$2,016,832.60 |
0.99% |
| Resolute Holdings Management, Inc. |
RHLD |
76134H101 |
Industrials |
11,509 |
$1,977,246.20 |
0.97% |
| American Public Education, Inc. |
APEI |
02913V103 |
Consumer Discretionary |
56,717 |
$1,973,751.60 |
0.96% |
| Sinclair, Inc. |
SBGI |
829242106 |
Communication Services |
123,843 |
$1,938,142.95 |
0.95% |
| Heritage Insurance Holdings, Inc. |
HRTG |
42727J102 |
Financials |
69,969 |
$1,896,159.90 |
0.93% |
| PRA Group, Inc. |
PRAA |
69354N106 |
Financials |
122,663 |
$1,906,183.02 |
0.93% |
| Seneca Foods Corporation |
SENEA |
817070501 |
Consumer Staples |
15,479 |
$1,898,034.98 |
0.93% |
| Build-A-Bear Workshop, Inc. |
BBW |
120076104 |
Consumer Discretionary |
38,447 |
$1,879,289.36 |
0.92% |
| Whitestone REIT |
WSR |
966084204 |
Real Estate |
140,939 |
$1,888,582.60 |
0.92% |
| Insteel Industries, Inc. |
IIIN |
45774W108 |
Industrials |
60,933 |
$1,868,205.78 |
0.91% |
| Capital City Bank Group, Inc. |
CCBG |
139674105 |
Financials |
43,398 |
$1,796,243.22 |
0.88% |
| Oil-Dri Corporation of America |
ODC |
677864100 |
Consumer Staples |
32,548 |
$1,792,418.36 |
0.88% |
| USA TODAY Co., Inc. |
TDAY |
36472T109 |
Communication Services |
389,067 |
$1,785,817.53 |
0.87% |
| Alerus Financial Corporation |
ALRS |
01446U103 |
Financials |
79,724 |
$1,732,402.52 |
0.85% |
| Koppers Holdings Inc. |
KOP |
50060P106 |
Materials |
61,893 |
$1,746,001.53 |
0.85% |
| HomeTrust Bancshares, Inc. |
HTB |
437872104 |
Financials |
42,390 |
$1,718,490.60 |
0.84% |
| Hovnanian Enterprises, Inc. (Class A) |
HOV |
442487401 |
Consumer Discretionary |
14,322 |
$1,729,667.94 |
0.84% |
| LSI Industries Inc. |
LYTS |
50216C108 |
Industrials |
94,190 |
$1,708,606.60 |
0.83% |
| NWPX Infrastructure Inc. |
NWPX |
667746101 |
Industrials |
30,306 |
$1,695,923.76 |
0.83% |
| Northrim BanCorp, Inc. |
NRIM |
666762109 |
Financials |
69,352 |
$1,680,398.96 |
0.82% |
| Southern Missouri Bancorp, Inc. |
SMBC |
843380106 |
Financials |
29,795 |
$1,654,814.30 |
0.81% |
| A-Mark Precious Metals, Inc. |
AMRK |
00181T107 |
Consumer Discretionary |
61,843 |
$1,635,128.92 |
0.80% |
| SmartFinancial, Inc. |
SMBK |
83190L208 |
Financials |
45,950 |
$1,639,036.50 |
0.80% |
| NerdWallet, Inc. (Class A) |
NRDS |
64082B102 |
Financials |
116,854 |
$1,626,607.68 |
0.79% |
| Consolidated Water Co. Ltd. |
CWCO |
G23773107 |
Utilities |
46,999 |
$1,597,496.01 |
0.78% |
| CytomX Therapeutics, Inc. |
CTMX |
23284F105 |
Health Care |
408,984 |
$1,586,857.92 |
0.78% |
| Shore Bancshares, Inc. |
SHBI |
825107105 |
Financials |
96,512 |
$1,600,168.96 |
0.78% |
| Arhaus, Inc. (Class A) |
ARHS |
04035M102 |
Consumer Discretionary |
169,076 |
$1,585,932.88 |
0.77% |
| Farmers National Banc Corp. |
FMNB |
309627107 |
Financials |
118,183 |
$1,570,652.07 |
0.77% |
| National Presto Industries, Inc. |
NPK |
637215104 |
Industrials |
16,610 |
$1,576,289.00 |
0.77% |
| Great Southern Bancorp, Inc. |
GSBC |
390905107 |
Financials |
26,315 |
$1,549,953.50 |
0.76% |
| Nutex Health Inc. |
NUTX |
67079U306 |
Health Care |
11,335 |
$1,551,988.20 |
0.76% |
| Cass Information Systems, Inc. |
CASS |
14808P109 |
Financials |
36,924 |
$1,536,038.40 |
0.75% |
| Third Coast Bancshares, Inc. |
TCBX |
88422P109 |
Financials |
39,597 |
$1,469,444.67 |
0.72% |
| South Plains Financial, Inc. |
SPFI |
83946P107 |
Financials |
38,229 |
$1,450,790.55 |
0.71% |
| OneSpan Inc. |
OSPN |
68287N100 |
Information Technology |
120,311 |
$1,442,528.89 |
0.70% |
| SandRidge Energy, Inc. |
SD |
80007P869 |
Energy |
99,078 |
$1,409,879.94 |
0.69% |
| Peoples Financial Services Corp. |
PFIS |
711040105 |
Financials |
28,867 |
$1,397,740.14 |
0.68% |
| Civista Bancshares, Inc. |
CIVB |
178867107 |
Financials |
60,628 |
$1,361,704.88 |
0.67% |
| Climb Global Solutions, Inc. |
CLMB |
946760105 |
Information Technology |
12,801 |
$1,343,785.04 |
0.66% |
| First Business Financial Services, Inc. |
FBIZ |
319390100 |
Financials |
26,128 |
$1,346,637.12 |
0.66% |
| California BanCorp |
BCAL |
84252A106 |
Financials |
70,436 |
$1,328,422.96 |
0.65% |
| Eastman Kodak Company |
KODK |
277461406 |
Information Technology |
185,623 |
$1,338,341.83 |
0.65% |
| Investors Title Company |
ITIC |
461804106 |
Financials |
4,919 |
$1,335,188.79 |
0.65% |
| ChoiceOne Financial Services, Inc. |
COFS |
170386106 |
Financials |
43,365 |
$1,300,082.70 |
0.64% |
| Peapack-Gladstone Financial Corporation |
PGC |
704699107 |
Financials |
50,035 |
$1,293,404.75 |
0.63% |
| Carter Bankshares, Inc. |
CARE |
146103106 |
Financials |
71,167 |
$1,255,385.88 |
0.61% |
| Consensus Cloud Solutions, Inc. |
CCSI |
20848V105 |
Information Technology |
59,573 |
$1,248,650.08 |
0.61% |
| Gray Media, Inc. |
GTN |
389375106 |
Communication Services |
260,810 |
$1,210,158.40 |
0.59% |
| Kearny Financial Corp. |
KRNY |
48716P108 |
Financials |
180,423 |
$1,201,617.18 |
0.59% |
| Northfield Bancorp, Inc. |
NFBK |
66611T108 |
Financials |
114,192 |
$1,207,009.44 |
0.59% |
| The Manitowoc Company, Inc. |
MTW |
563571405 |
Industrials |
111,314 |
$1,202,191.20 |
0.59% |
| Community West Bancshares |
CWBC |
203937107 |
Financials |
53,451 |
$1,188,215.73 |
0.58% |
| Home Bancorp, Inc. |
HBCP |
43689E107 |
Financials |
21,617 |
$1,186,989.47 |
0.58% |
| Smith & Wesson Brands Inc. |
SWBI |
831754106 |
Consumer Discretionary |
139,100 |
$1,185,132.00 |
0.58% |
| Bridgewater Bancshares, Inc. |
BWB |
108621103 |
Financials |
68,158 |
$1,158,004.42 |
0.57% |
| Portillo's Inc. (Class A) |
PTLO |
73642K106 |
Consumer Discretionary |
225,730 |
$1,148,965.70 |
0.56% |
| VAALCO Energy, Inc. |
EGY |
91851C201 |
Energy |
327,291 |
$1,152,064.32 |
0.56% |
| Orion Group Holdings, Inc. |
ORN |
68628V308 |
Industrials |
118,501 |
$1,058,213.93 |
0.52% |
| Donegal Group Inc. (Class A) |
DGICA |
257701201 |
Financials |
52,436 |
$1,035,611.00 |
0.51% |
| Flowco Holdings Inc. (Class A) |
FLOC |
342909108 |
Energy |
63,020 |
$1,025,965.60 |
0.50% |
| Natural Gas Services Group, Inc. |
NGS |
63886Q109 |
Energy |
34,254 |
$1,028,990.16 |
0.50% |
| Regional Management Corp. |
RM |
75902K106 |
Financials |
27,993 |
$1,022,024.43 |
0.50% |
| Luxfer Holdings Plc |
LXFR |
G5698W116 |
Industrials |
84,019 |
$1,006,547.62 |
0.49% |
| Village Super Market, Inc. |
VLGEA |
927107409 |
Consumer Staples |
29,368 |
$1,007,322.40 |
0.49% |
| Capital Bancorp, Inc. |
CBNK |
139737100 |
Financials |
35,922 |
$987,495.78 |
0.48% |
| Diamond Hill Investment Group, Inc. |
DHIL |
25264R207 |
Financials |
7,956 |
$962,835.12 |
0.47% |
| Movado Group, Inc. |
MOV |
624580106 |
Consumer Discretionary |
49,534 |
$953,034.16 |
0.47% |
| Genie Energy Ltd. (Class B) |
GNE |
372284208 |
Utilities |
66,280 |
$950,455.20 |
0.46% |
| Nature's Sunshine Products, Inc. |
NATR |
639027101 |
Consumer Staples |
44,845 |
$948,023.30 |
0.46% |
| American Coastal Insurance Corporation |
ACIC |
910710102 |
Financials |
78,073 |
$913,454.10 |
0.45% |
| Orange County Bancorp, Inc. |
OBT |
68417L107 |
Financials |
32,721 |
$872,505.48 |
0.43% |
| The E.W. Scripps Company |
SSP |
811054402 |
Communication Services |
211,718 |
$872,278.16 |
0.43% |
| Onity Group Inc. |
ONIT |
675746606 |
Financials |
19,976 |
$868,956.00 |
0.42% |
| Strattec Security Corporation |
STRT |
863111100 |
Consumer Discretionary |
12,679 |
$869,208.86 |
0.42% |
| Riley Exploration Permian, Inc. |
REPX |
76665T102 |
Energy |
31,830 |
$840,630.30 |
0.41% |
| Central Garden & Pet Company |
CENT |
153527106 |
Consumer Staples |
25,447 |
$821,683.63 |
0.40% |
| Hudson Technologies, Inc. |
HDSN |
444144109 |
Industrials |
120,634 |
$815,485.84 |
0.40% |
| OppFi, Inc. |
OPFI |
68386H103 |
Financials |
89,023 |
$821,682.29 |
0.40% |
| Orion S.A. |
OEC |
L72967109 |
Materials |
176,268 |
$826,696.92 |
0.40% |
| Spok Holdings, Inc. |
SPOK |
84863T106 |
Communication Services |
64,640 |
$822,220.80 |
0.40% |
| Nathan's Famous, Inc. |
NATH |
632347100 |
Consumer Discretionary |
8,217 |
$799,760.61 |
0.39% |
| NewtekOne, Inc. |
NEWT |
652526203 |
Financials |
77,673 |
$786,050.76 |
0.38% |
| RBB Bancorp |
RBB |
74930B105 |
Financials |
39,533 |
$776,032.79 |
0.38% |
| SIGA Technologies, Inc. |
SIGA |
826917106 |
Health Care |
130,377 |
$761,401.68 |
0.37% |
| BK Technologies Corporation |
BKTI |
05587G203 |
Information Technology |
11,722 |
$739,423.76 |
0.36% |
| Cricut, Inc. (Class A) |
CRCT |
22658D100 |
Consumer Discretionary |
152,499 |
$733,520.19 |
0.36% |
| Pangaea Logistics Solutions Ltd. |
PANL |
G6891L105 |
Industrials |
106,501 |
$724,206.80 |
0.35% |
| Rocky Brands, Inc. |
RCKY |
774515100 |
Consumer Discretionary |
23,444 |
$701,444.48 |
0.34% |
| Viemed Healthcare, Inc. |
VMD |
92663R105 |
Health Care |
105,930 |
$705,493.80 |
0.34% |
| C&F Financial Corporation |
CFFI |
12466Q104 |
Financials |
9,555 |
$675,920.70 |
0.33% |
| Franklin Financial Services Corporation |
FRAF |
353525108 |
Financials |
13,211 |
$673,893.11 |
0.33% |
| Mistras Group, Inc. |
MG |
60649T107 |
Industrials |
56,433 |
$664,780.74 |
0.32% |
| US Dollar |
$USD |
|
Other |
619,169 |
$619,168.76 |
0.30% |
| Western New England Bancorp Inc. |
WNEB |
958892101 |
Financials |
50,820 |
$610,348.20 |
0.30% |
| Flotek Industries, Inc. |
FTK |
343389409 |
Materials |
42,904 |
$592,933.28 |
0.29% |
| Frequency Electronics, Inc. |
FEIM |
358010106 |
Information Technology |
21,377 |
$588,508.81 |
0.29% |
| Puma Biotechnology, Inc. |
PBYI |
74587V107 |
Health Care |
121,757 |
$595,391.73 |
0.29% |
| TaskUs, Inc. (Class A) |
TASK |
87652V109 |
Industrials |
53,028 |
$592,322.76 |
0.29% |
| Turtle Beach Corporation |
TBCH |
900450206 |
Information Technology |
44,147 |
$585,389.22 |
0.29% |
| Amplify Energy Corporation |
AMPY |
03212B103 |
Energy |
107,978 |
$574,442.96 |
0.28% |
| Karat Packaging Inc. |
KRT |
48563L101 |
Industrials |
27,123 |
$572,837.76 |
0.28% |
| Ranger Energy Services, Inc. |
RNGR |
75282U104 |
Energy |
44,571 |
$583,434.39 |
0.28% |
| First Western Financial, Inc. |
MYFW |
33751L105 |
Financials |
24,101 |
$561,553.30 |
0.27% |
| Kingstone Companies, Inc. |
KINS |
496719105 |
Financials |
36,845 |
$542,726.85 |
0.27% |
| Legacy Housing Corporation |
LEGH |
52472M101 |
Consumer Discretionary |
28,474 |
$552,110.86 |
0.27% |
| Velocity Financial, Inc. |
VEL |
92262D101 |
Financials |
30,167 |
$553,564.45 |
0.27% |
| Northpointe Bancshares, Inc. |
NPB |
66661N886 |
Financials |
32,364 |
$530,122.32 |
0.26% |
| Immersion Corporation |
IMMR |
452521107 |
Information Technology |
85,427 |
$510,853.46 |
0.25% |
| America's Car-Mart, Inc. |
CRMT |
03062T105 |
Consumer Discretionary |
24,687 |
$499,418.01 |
0.24% |
| RE/MAX Holdings, Inc. (Class A) |
RMAX |
75524W108 |
Real Estate |
62,879 |
$494,857.73 |
0.24% |
| OP Bancorp |
OPBK |
67109R109 |
Financials |
36,450 |
$477,859.50 |
0.23% |
| American Integrity Insurance Group, Inc. |
AII |
026948109 |
Financials |
21,504 |
$424,919.04 |
0.21% |
| Finance of America Companies Inc. (Class A) |
FOA |
31738L206 |
Financials |
16,694 |
$399,988.24 |
0.20% |
| M-Tron Industries, Inc. |
MPTI |
55380K109 |
Information Technology |
8,169 |
$398,320.44 |
0.19% |
| GCI Liberty, Inc. (Class A) |
GLIBA |
36164V602 |
Communication Services |
10,430 |
$370,265.00 |
0.18% |
| Riverview Bancorp, Inc. |
RVSB |
769397100 |
Financials |
65,761 |
$347,875.69 |
0.17% |
| Energy Services of America Corporation |
ESOA |
29271Q103 |
Energy |
38,681 |
$336,911.51 |
0.16% |
| PrimeEnergy Resources Corporation |
PNRG |
74158E104 |
Energy |
2,086 |
$313,338.06 |
0.15% |
| Epsilon Energy Ltd. |
EPSN |
294375209 |
Energy |
60,246 |
$282,553.74 |
0.14% |
| RCM Technologies, Inc. |
RCMT |
749360400 |
Industrials |
15,122 |
$295,332.66 |
0.14% |
| CPI Card Group Inc. |
PMTS |
12634H200 |
Information Technology |
19,574 |
$236,258.18 |
0.12% |
| Espey Mfg. & Electronics Corp. |
ESP |
296650104 |
Industrials |
6,577 |
$249,926.00 |
0.12% |
| Pro-Dex, Inc. |
PDEX |
74265M205 |
Health Care |
5,733 |
$187,239.78 |
0.09% |
| The Arena Group Holdings, Inc. |
AREN |
040044109 |
Communication Services |
37,252 |
$149,380.52 |
0.07% |
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.
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