First Trust Active Factor Small Cap ETF (AFSM)

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Holdings

Holdings of the Fund as of 1/23/2026

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Total Number of Holdings (excluding cash): 317

Security Name	Identifier	CUSIP	Classification	Shares / Quantity	Market Value	Weighting
TTM Technologies, Inc.	TTMI	87305R109	Information Technology	10,723	$1,018,899.46	1.37%
Hycroft Mining Holding Corporation	HYMC	44862P208	Materials	16,909	$856,440.85	1.15%
Perimeter Solutions, Inc.	PRM	71385M107	Materials	26,627	$751,413.94	1.01%
Comfort Systems USA, Inc.	FIX	199908104	Industrials	652	$731,178.88	0.98%
Caledonia Mining Corporation Plc	CMCL	G1757E113	Materials	21,595	$678,083.00	0.91%
Cal-Maine Foods, Inc.	CALM	128030202	Consumer Staples	8,252	$664,286.00	0.89%
Interface, Inc.	TILE	458665304	Industrials	21,233	$662,044.94	0.89%
GigaCloud Technology Inc (Class A)	GCT	G38644103	Consumer Discretionary	15,135	$636,880.80	0.86%
Halozyme Therapeutics, Inc.	HALO	40637H109	Health Care	9,166	$634,470.52	0.85%
American Healthcare REIT, Inc.	AHR	398182303	Real Estate	13,245	$612,448.80	0.82%
Peabody Energy Corporation	BTU	704551100	Energy	14,849	$563,668.04	0.76%
Rambus Inc.	RMBS	750917106	Information Technology	4,810	$554,641.10	0.75%
Photronics, Inc.	PLAB	719405102	Information Technology	15,780	$547,802.74	0.74%
InterDigital, Inc.	IDCC	45867G101	Information Technology	1,632	$539,408.64	0.73%
Bel Fuse Inc. (Class B)	BELFB	077347300	Information Technology	2,699	$530,353.50	0.71%
Credo Technology Group Holding Ltd	CRDO	G25457105	Information Technology	3,826	$509,470.16	0.69%
Laureate Education, Inc. (Class A)	LAUR	518613203	Consumer Discretionary	14,914	$516,770.10	0.69%
Matson, Inc.	MATX	57686G105	Industrials	3,174	$504,475.56	0.68%
Tactile Systems Technology, Inc.	TCMD	87357P100	Health Care	17,470	$506,280.60	0.68%
Hecla Mining Company	HL	422704106	Materials	15,318	$487,265.58	0.66%
Bloom Energy Corporation (Class A)	BE	093712107	Industrials	3,348	$485,091.72	0.65%
Willdan Group, Inc.	WLDN	96924N100	Industrials	3,793	$482,621.32	0.65%
Carpenter Technology Corporation	CRS	144285103	Industrials	1,418	$476,121.86	0.64%
nLight, Inc.	LASR	65487K100	Information Technology	10,841	$476,245.13	0.64%
Ames National Corporation	ATLO	031001100	Financials	19,384	$470,449.68	0.63%
Tutor Perini Corporation	TPC	901109108	Industrials	6,118	$465,029.18	0.63%
Macy's, Inc.	M	55616P104	Consumer Discretionary	22,441	$456,001.12	0.61%
Astronics Corporation	ATRO	046433108	Industrials	5,794	$442,313.96	0.59%
EMCOR Group, Inc.	EME	29084Q100	Industrials	631	$438,046.51	0.59%
Bank First Corporation	BFC	06211J100	Financials	3,127	$429,399.64	0.58%
Daktronics, Inc.	DAKT	234264109	Information Technology	20,109	$432,544.59	0.58%
National Health Investors, Inc.	NHI	63633D104	Real Estate	5,416	$430,138.72	0.58%
Indivior Plc	INDV	G4766E116	Health Care	12,916	$425,840.52	0.57%
iRhythm Holdings, Inc.	IRTC	450056106	Health Care	2,624	$420,732.16	0.57%
Kiniksa Pharmaceuticals International, Plc (Class A)	KNSA	G52694109	Health Care	9,971	$420,776.20	0.57%
Scorpio Tankers Inc.	STNG	Y7542C130	Energy	7,232	$423,288.96	0.57%
Catalyst Pharmaceuticals, Inc.	CPRX	14888U101	Health Care	17,621	$415,503.18	0.56%
First Financial Corporation	THFF	320218100	Financials	6,636	$415,546.32	0.56%
Metropolitan Bank Holding Corp.	MCB	591774104	Financials	4,597	$412,902.54	0.56%
Applied Industrial Technologies, Inc.	AIT	03820C105	Industrials	1,463	$409,844.82	0.55%
Axcelis Technologies, Inc.	ACLS	054540208	Information Technology	4,500	$410,040.00	0.55%
Calix, Inc.	CALX	13100M509	Information Technology	7,561	$409,730.59	0.55%
MGIC Investment Corporation	MTG	552848103	Financials	15,705	$412,570.35	0.55%
Teekay Tankers Ltd. (Class A)	TNK	G8726X106	Energy	6,671	$412,134.38	0.55%
Sensient Technologies Corporation	SXT	81725T100	Materials	4,161	$399,539.22	0.54%
Amalgamated Financial Corp.	AMAL	022671101	Financials	10,454	$397,461.08	0.53%
Arcutis Biotherapeutics, Inc.	ARQT	03969K108	Health Care	14,916	$390,799.20	0.53%
Sun Country Airlines Holdings, Inc.	SNCY	866683105	Industrials	22,414	$392,245.00	0.53%
IES Holdings, Inc.	IESC	44951W106	Industrials	830	$383,053.30	0.52%
City Holding Company	CHCO	177835105	Financials	3,110	$378,051.60	0.51%
Seneca Foods Corporation	SENEA	817070501	Consumer Staples	3,311	$382,884.04	0.51%
SiriusPoint Ltd.	SPNT	G8192H106	Financials	19,790	$382,342.80	0.51%
Resolute Holdings Management, Inc.	RHLD	76134H101	Industrials	1,937	$369,831.41	0.50%
Signet Jewelers Limited	SIG	G81276100	Consumer Discretionary	4,144	$372,089.76	0.50%
Ziff Davis, Inc.	ZD	48123V102	Communication Services	9,800	$374,458.00	0.50%
Atkore Inc.	ATKR	047649108	Industrials	5,045	$364,249.00	0.49%
Red Violet, Inc.	RDVT	75704L104	Information Technology	7,582	$365,528.22	0.49%
Sanmina Corporation	SANM	801056102	Information Technology	2,059	$366,151.97	0.49%
Sterling Infrastructure, Inc.	STRL	859241101	Industrials	1,027	$360,877.53	0.49%
Abercrombie & Fitch Co. (Class A)	ANF	002896207	Consumer Discretionary	3,685	$354,865.50	0.48%
Vicor Corporation	VICR	925815102	Industrials	2,314	$354,713.06	0.48%
EPR Properties	EPR	26884U109	Real Estate	6,483	$351,184.11	0.47%
Harmonic Inc.	HLIT	413160102	Information Technology	33,917	$347,649.25	0.47%
Mitek Systems, Inc.	MITK	606710200	Information Technology	33,159	$352,811.76	0.47%
Nu Skin Enterprises, Inc. (Class A)	NUS	67018T105	Consumer Staples	31,574	$349,208.44	0.47%
Sylvamo Corporation	SLVM	871332102	Materials	6,827	$348,518.35	0.47%
Teradata Corporation	TDC	88076W103	Information Technology	11,968	$351,380.48	0.47%
Cars.com Inc.	CARS	14575E105	Communication Services	28,513	$340,445.22	0.46%
DNOW Inc.	DNOW	67011P100	Industrials	23,448	$342,575.28	0.46%
Harmony Biosciences Holdings, Inc.	HRMY	413197104	Health Care	9,218	$339,406.76	0.46%
Lantheus Holdings, Inc.	LNTH	516544103	Health Care	5,070	$342,275.70	0.46%
Theravance Biopharma, Inc.	TBPH	G8807B106	Health Care	17,024	$344,565.76	0.46%
Blue Bird Corporation	BLBD	095306106	Industrials	6,800	$337,076.00	0.45%
Life360, Inc.	LIF	532206109	Information Technology	4,909	$334,302.90	0.45%
Northeast Community Bancorp, Inc.	NECB	664121100	Financials	14,399	$333,192.86	0.45%
Alpha Metallurgical Resources, Inc.	AMR	020764106	Materials	1,428	$330,082.20	0.44%
GeneDx Holdings Corp.	WGS	81663L200	Health Care	3,212	$325,536.20	0.44%
Heritage Insurance Holdings, Inc.	HRTG	42727J102	Financials	12,943	$329,917.07	0.44%
OFG Bancorp	OFG	67103X102	Financials	8,732	$324,393.80	0.44%
Par Pacific Holdings, Inc.	PARR	69888T207	Energy	9,326	$328,368.46	0.44%
Virtus Investment Partners, Inc.	VRTS	92828Q109	Financials	1,977	$329,565.90	0.44%
Mirum Pharmaceuticals, Inc.	MIRM	604749101	Health Care	3,384	$319,077.36	0.43%
Perdoceo Education Corporation	PRDO	71363P106	Consumer Discretionary	9,889	$316,942.45	0.43%
Chord Energy Corporation	CHRD	674215207	Energy	3,276	$312,956.28	0.42%
Guardant Health, Inc.	GH	40131M109	Health Care	2,709	$310,857.75	0.42%
InMode Ltd.	INMD	M5425M103	Health Care	22,221	$309,982.95	0.42%
Innovative Industrial Properties, Inc.	IIPR	45781V101	Real Estate	6,234	$309,518.10	0.42%
ScanSource, Inc.	SCSC	806037107	Information Technology	7,735	$314,891.85	0.42%
Mueller Industries, Inc.	MLI	624756102	Industrials	2,293	$304,349.89	0.41%
Garrett Motion Inc.	GTX	366505105	Consumer Discretionary	16,847	$300,129.31	0.40%
Huron Consulting Group Inc.	HURN	447462102	Industrials	1,736	$297,446.24	0.40%
National HealthCare Corporation	NHC	635906100	Health Care	2,064	$295,626.72	0.40%
USANA Health Sciences, Inc.	USNA	90328M107	Consumer Staples	13,211	$297,643.83	0.40%
Vistance Networks Inc.	VISN	20337X109	Information Technology	16,738	$299,944.96	0.40%
Acadian Asset Management Inc.	AAMI	10948W103	Financials	5,215	$287,815.85	0.39%
CRA International, Inc.	CRAI	12618T105	Industrials	1,372	$286,816.60	0.39%
Enact Holdings, Inc.	ACT	29249E109	Financials	7,523	$291,290.56	0.39%
Penguin Solutions Inc.	PENG	706915105	Information Technology	14,493	$289,860.00	0.39%
Rigel Pharmaceuticals, Inc.	RIGL	766559702	Health Care	7,879	$291,207.84	0.39%
Simulations Plus, Inc.	SLP	829214105	Health Care	14,059	$292,989.56	0.39%
Concentrix Corporation	CNXC	20602D101	Industrials	6,576	$284,214.72	0.38%
Kohl's Corporation	KSS	500255104	Consumer Discretionary	15,818	$279,345.88	0.38%
PHINIA Inc.	PHIN	71880K101	Consumer Discretionary	4,159	$286,305.56	0.38%
Liquidia Technologies, Inc.	LQDA	53635D202	Health Care	6,805	$276,214.95	0.37%
Tarsus Pharmaceuticals, Inc.	TARS	87650L103	Health Care	4,007	$273,918.52	0.37%
OneSpan Inc.	OSPN	68287N100	Information Technology	22,719	$270,128.91	0.36%
SPX Technologies	SPXC	78473E103	Industrials	1,275	$269,063.25	0.36%
Cavco Industries, Inc.	CVCO	149568107	Consumer Discretionary	385	$256,906.65	0.35%
Clear Secure, Inc. (Class A)	YOU	18467V109	Information Technology	7,356	$260,034.60	0.35%
G-III Apparel Group, Ltd.	GIII	36237H101	Consumer Discretionary	9,062	$259,626.30	0.35%
Globus Medical, Inc. (Class A)	GMED	379577208	Health Care	2,851	$263,774.52	0.35%
Preferred Bank	PFBC	740367404	Financials	3,103	$259,783.16	0.35%
PVH Corp.	PVH	693656100	Consumer Discretionary	4,253	$260,921.55	0.35%
Sabra Health Care REIT, Inc.	SBRA	78573L106	Real Estate	13,760	$258,963.20	0.35%
Academy Sports and Outdoors, Inc.	ASO	00402L107	Consumer Discretionary	4,397	$249,837.54	0.34%
Angi Inc. (Class A)	ANGI	00183L201	Communication Services	19,793	$251,173.17	0.34%
BrightSpring Health Services, Inc.	BTSG	10950A106	Health Care	6,318	$250,445.52	0.34%
Brookdale Senior Living Inc.	BKD	112463104	Health Care	19,422	$251,514.90	0.34%
Omnicell, Inc.	OMCL	68213N109	Health Care	5,035	$253,260.50	0.34%
Veracyte, Inc.	VCYT	92337F107	Health Care	5,963	$252,056.01	0.34%
H&R Block, Inc.	HRB	093671105	Consumer Discretionary	6,135	$245,645.40	0.33%
Trustmark Corporation	TRMK	898402102	Financials	6,076	$248,022.32	0.33%
Brinker International, Inc.	EAT	109641100	Consumer Discretionary	1,462	$237,969.74	0.32%
CorMedix Inc.	CRMD	21900C308	Health Care	32,265	$234,566.55	0.32%
DHT Holdings, Inc.	DHT	Y2065G121	Energy	17,192	$237,593.44	0.32%
Grand Canyon Education, Inc.	LOPE	38526M106	Consumer Discretionary	1,320	$234,946.80	0.32%
Hamilton Insurance Group, Ltd. (Class B)	HG	G42706104	Financials	8,764	$237,679.68	0.32%
Turning Point Brands, Inc.	TPB	90041L105	Consumer Staples	2,022	$237,948.96	0.32%
Viavi Solutions Inc.	VIAV	925550105	Information Technology	12,687	$238,388.73	0.32%
Cushman & Wakefield Ltd.	CWK	G2717C106	Real Estate	14,021	$227,280.41	0.31%
Essent Group Ltd.	ESNT	G3198U102	Financials	3,824	$232,881.60	0.31%
ExlService Holdings, Inc.	EXLS	302081104	Industrials	5,405	$230,469.20	0.31%
Genco Shipping & Trading Limited	GNK	Y2685T131	Industrials	11,598	$231,612.06	0.31%
GRAIL, Inc.	GRAL	384747101	Health Care	2,229	$233,822.10	0.31%
Innoviva, Inc.	INVA	45781M101	Health Care	11,915	$233,057.40	0.31%
Myers Industries, Inc.	MYE	628464109	Materials	11,212	$228,500.56	0.31%
Nicolet Bankshares, Inc.	NIC	65406E102	Financials	1,632	$230,568.96	0.31%
PTC Therapeutics, Inc.	PTCT	69366J200	Health Care	3,022	$227,405.50	0.31%
Yext, Inc.	YEXT	98585N106	Information Technology	30,412	$231,435.32	0.31%
Alkermes Plc	ALKS	G01767105	Health Care	6,695	$225,018.95	0.30%
ASGN Incorporated	ASGN	00191U102	Information Technology	4,343	$221,666.72	0.30%
Bread Financial Holdings, Inc.	BFH	018581108	Financials	3,215	$221,127.70	0.30%
Herbalife Ltd.	HLF	G4412G101	Consumer Staples	13,502	$224,673.28	0.30%
Heritage Financial Corporation	HFWA	42722X106	Financials	8,442	$224,388.36	0.30%
HNI Corporation	HNI	404251100	Industrials	4,735	$225,291.30	0.30%
LiveRamp Holdings, Inc.	RAMP	53815P108	Information Technology	8,614	$221,896.64	0.30%
The RealReal, Inc.	REAL	88339P101	Consumer Discretionary	14,563	$221,648.86	0.30%
Urban Outfitters, Inc.	URBN	917047102	Consumer Discretionary	3,345	$225,419.55	0.30%
ACM Research, Inc. (Class A)	ACMR	00108J109	Information Technology	4,337	$216,199.45	0.29%
Adaptive Biotechnologies Corporation	ADPT	00650F109	Health Care	11,519	$213,677.45	0.29%
ANI Pharmaceuticals, Inc.	ANIP	00182C103	Health Care	2,570	$213,284.30	0.29%
Home BancShares, Inc.	HOMB	436893200	Financials	7,641	$216,622.35	0.29%
NetScout Systems, Inc.	NTCT	64115T104	Information Technology	8,039	$219,303.92	0.29%
PJT Partners Inc. (Class A)	PJT	69343T107	Financials	1,194	$216,842.34	0.29%
Progyny, Inc.	PGNY	74340E103	Health Care	8,567	$216,059.74	0.29%
DXP Enterprises, Inc.	DXPE	233377407	Industrials	1,603	$206,065.65	0.28%
FIGS, Inc. (Class A)	FIGS	30260D103	Consumer Discretionary	19,012	$210,082.60	0.28%
Hub Group, Inc.	HUBG	443320106	Industrials	4,459	$211,490.37	0.28%
NMI Holdings, Inc. (Class A)	NMIH	629209305	Financials	5,429	$204,890.46	0.28%
S&T Bancorp, Inc.	STBA	783859101	Financials	5,072	$208,357.76	0.28%
Stride, Inc.	LRN	86333M108	Consumer Discretionary	2,833	$207,545.58	0.28%
Adtalem Global Education Inc.	ATGE	00737L103	Consumer Discretionary	1,643	$199,263.04	0.27%
Costamare Inc.	CMRE	Y1771G102	Industrials	12,692	$202,056.64	0.27%
Hallador Energy Company	HNRG	40609P105	Utilities	10,140	$202,800.00	0.27%
International Bancshares Corporation	IBOC	459044103	Financials	2,961	$202,354.74	0.27%
M/I Homes, Inc.	MHO	55305B101	Consumer Discretionary	1,516	$202,310.20	0.27%
National Vision Holdings, Inc.	EYE	63845R107	Consumer Discretionary	7,561	$201,576.26	0.27%
Supernus Pharmaceuticals, Inc.	SUPN	868459108	Health Care	4,118	$198,693.50	0.27%
Ardmore Shipping Corporation	ASC	Y0207T100	Energy	16,158	$192,441.78	0.26%
ConnectOne Bancorp, Inc.	CNOB	20786W107	Financials	6,828	$190,774.32	0.26%
Digi International Inc.	DGII	253798102	Information Technology	4,629	$195,991.86	0.26%
HCI Group, Inc.	HCI	40416E103	Financials	1,205	$190,992.50	0.26%
Janus International Group, Inc.	JBI	47103N106	Industrials	27,379	$192,474.37	0.26%
Kforce Inc.	KFRC	493732101	Industrials	5,516	$191,901.64	0.26%
Mueller Water Products, Inc.	MWA	624758108	Industrials	7,341	$195,050.37	0.26%
Peoples Bancorp of North Carolina, Inc.	PEBK	710577107	Financials	5,405	$196,201.50	0.26%
Certara, Inc.	CERT	15687V109	Health Care	18,441	$184,410.00	0.25%
Dave Inc. (Class A)	DAVE	23834J201	Financials	1,032	$188,205.84	0.25%
Federated Hermes, Inc. (Class B)	FHI	314211103	Financials	3,473	$185,597.12	0.25%
First Financial Bancorp.	FFBC	320209109	Financials	6,954	$186,645.36	0.25%
Hawkins, Inc.	HWKN	420261109	Materials	1,216	$188,139.52	0.25%
Itron, Inc.	ITRI	465741106	Information Technology	1,925	$188,014.75	0.25%
MasterBrand, Inc.	MBC	57638P104	Industrials	14,780	$185,784.60	0.25%
Protagonist Therapeutics, Inc.	PTGX	74366E102	Health Care	2,232	$185,479.20	0.25%
SkyWest, Inc.	SKYW	830879102	Industrials	1,808	$183,801.28	0.25%
TG Therapeutics, Inc.	TGTX	88322Q108	Health Care	6,073	$189,477.60	0.25%
The Bancorp, Inc.	TBBK	05969A105	Financials	2,754	$185,041.26	0.25%
The Buckle, Inc.	BKE	118440106	Consumer Discretionary	3,616	$184,307.52	0.25%
The RMR Group Inc. (Class A)	RMR	74967R106	Real Estate	11,690	$187,624.50	0.25%
Travere Therapeutics, Inc.	TVTX	89422G107	Health Care	6,372	$187,591.68	0.25%
Tri Pointe Homes, Inc.	TPH	87265H109	Consumer Discretionary	5,391	$182,269.71	0.25%
Caleres, Inc.	CAL	129500104	Consumer Discretionary	14,365	$180,137.10	0.24%
Emergent BioSolutions Inc.	EBS	29089Q105	Health Care	15,140	$180,923.00	0.24%
Gibraltar Industries, Inc.	ROCK	374689107	Industrials	3,399	$176,000.22	0.24%
Rayonier Inc.	RYN	754907103	Real Estate	7,512	$180,288.00	0.24%
Tootsie Roll Industries, Inc.	TR	890516107	Consumer Staples	4,726	$177,461.30	0.24%
TriMas Corporation	TRS	896215209	Materials	5,079	$175,225.50	0.24%
Universal Insurance Holdings, Inc.	UVE	91359V107	Financials	6,188	$178,523.80	0.24%
Xometry, Inc. (Class A)	XMTR	98423F109	Industrials	2,931	$180,403.05	0.24%
ACI Worldwide, Inc.	ACIW	004498101	Information Technology	3,965	$174,578.95	0.23%
Fidelis Insurance Holdings Limited	FIHL	G3398L118	Financials	9,338	$173,966.94	0.23%
PagSeguro Digital Ltd. (Class A)	PAGS	G68707101	Financials	15,740	$172,825.20	0.23%
SIGA Technologies, Inc.	SIGA	826917106	Health Care	25,409	$168,715.76	0.23%
Sonos, Inc.	SONO	83570H108	Consumer Discretionary	11,251	$167,752.41	0.23%
Super Group (SGHC) Limited	SGHC	G8588X103	Consumer Discretionary	17,814	$172,973.94	0.23%
Talos Energy Inc.	TALO	87484T108	Energy	14,964	$171,786.72	0.23%
WaFd Inc.	WAFD	938824109	Financials	5,509	$174,525.12	0.23%
Astrana Health Inc.	ASTH	03763A207	Health Care	6,026	$163,666.16	0.22%
Boise Cascade Company	BCC	09739D100	Industrials	1,924	$162,250.92	0.22%
Commvault Systems, Inc.	CVLT	204166102	Information Technology	1,326	$164,225.10	0.22%
Crocs, Inc.	CROX	227046109	Consumer Discretionary	1,890	$162,218.70	0.22%
Dorman Products, Inc.	DORM	258278100	Consumer Discretionary	1,337	$165,854.85	0.22%
Ennis, Inc.	EBF	293389102	Industrials	8,301	$160,375.32	0.22%
Euronet Worldwide, Inc.	EEFT	298736109	Financials	2,166	$160,673.88	0.22%
Hudson Technologies, Inc.	HDSN	444144109	Industrials	22,237	$161,218.25	0.22%
Kelly Services, Inc.	KELYA	488152208	Industrials	16,356	$167,158.32	0.22%
First BanCorp.	FBP	318672706	Financials	7,578	$156,561.48	0.21%
LeMaitre Vascular, Inc.	LMAT	525558201	Health Care	1,811	$152,522.42	0.21%
LivaNova Plc	LIVN	G5509L101	Health Care	2,481	$156,699.96	0.21%
Phreesia Inc.	PHR	71944F106	Health Care	9,765	$154,677.60	0.21%
Q2 Holdings, Inc.	QTWO	74736L109	Information Technology	2,290	$156,819.20	0.21%
SunCoke Energy, Inc.	SXC	86722A103	Materials	18,886	$154,487.48	0.21%
TaskUs, Inc. (Class A)	TASK	87652V109	Industrials	13,639	$153,984.31	0.21%
The Bank of N.T. Butterfield & Son Limited	NTB	G0772R208	Financials	3,141	$158,589.09	0.21%
TripAdvisor, Inc.	TRIP	896945201	Communication Services	11,776	$155,796.48	0.21%
A10 Networks, Inc.	ATEN	002121101	Information Technology	8,633	$150,041.54	0.20%
Apogee Enterprises, Inc.	APOG	037598109	Industrials	3,866	$150,232.76	0.20%
Barrett Business Services, Inc.	BBSI	068463108	Industrials	4,044	$151,771.32	0.20%
NETGEAR, Inc.	NTGR	64111Q104	Information Technology	7,060	$149,601.40	0.20%
AMC Networks Inc. (Class A)	AMCX	00164V103	Communication Services	17,598	$139,904.10	0.19%
American Eagle Outfitters, Inc.	AEO	02553E106	Consumer Discretionary	5,853	$141,291.42	0.19%
Aurinia Pharmaceuticals Inc.	AUPH	05156V102	Health Care	9,922	$144,166.66	0.19%
Brady Corporation	BRC	104674106	Industrials	1,624	$136,903.20	0.18%
Corcept Therapeutics Inc.	CORT	218352102	Health Care	3,054	$134,314.92	0.18%
Ligand Pharmaceuticals Inc. (Class B)	LGND	53220K504	Health Care	661	$132,960.15	0.18%
Pacira BioSciences, Inc.	PCRX	695127100	Health Care	6,538	$135,140.46	0.18%
US Dollar	$USD		Other	137,448	$137,448.27	0.18%
Vitesse Energy, Inc.	VTS	92852X103	Energy	6,980	$136,319.40	0.18%
EverQuote, Inc. (Class A)	EVER	30041R108	Communication Services	5,321	$125,788.44	0.17%
MAXIMUS, Inc.	MMS	577933104	Industrials	1,253	$123,533.27	0.17%
ADMA Biologics, Inc.	ADMA	000899104	Health Care	7,258	$121,426.34	0.16%
Avista Corporation	AVA	05379B107	Utilities	2,974	$119,078.96	0.16%
Medpace Holdings, Inc.	MEDP	58506Q109	Health Care	208	$122,314.40	0.16%
Watts Water Technologies, Inc.	WTS	942749102	Industrials	388	$116,225.40	0.16%
Cathay General Bancorp	CATY	149150104	Financials	2,243	$113,787.39	0.15%
Rush Street Interactive, Inc.	RSI	782011100	Consumer Discretionary	6,311	$108,359.87	0.15%
Radian Group Inc.	RDN	750236101	Financials	3,170	$103,976.00	0.14%
Healthcare Services Group, Inc.	HCSG	421906108	Industrials	4,940	$93,415.40	0.13%
Inspire Medical Systems, Inc.	INSP	457730109	Health Care	1,202	$95,438.80	0.13%
Adeia Inc.	ADEA	00676P107	Information Technology	4,783	$92,407.56	0.12%
Cimpress Plc	CMPR	G2143T103	Industrials	1,109	$87,444.65	0.12%
Otter Tail Corporation	OTTR	689648103	Utilities	1,034	$89,678.82	0.12%
Power Solutions International, Inc.	PSIX	73933G202	Industrials	1,200	$92,700.00	0.12%
Deluxe Corporation	DLX	248019101	Industrials	3,517	$85,216.91	0.11%
Hancock Whitney Corporation	HWC	410120109	Financials	1,252	$84,096.84	0.11%
Helen of Troy Limited	HELE	G4388N106	Consumer Discretionary	4,286	$78,433.80	0.11%
Sally Beauty Holdings, Inc.	SBH	79546E104	Consumer Discretionary	5,339	$82,273.99	0.11%
SITE Centers Corp.	SITC	82981J851	Real Estate	12,893	$79,034.09	0.11%
TriNet Group, Inc.	TNET	896288107	Industrials	1,322	$82,915.84	0.11%
Victory Capital Holdings, Inc. (Class A)	VCTR	92645B103	Financials	1,166	$79,253.02	0.11%
Arteris, Inc.	AIP	04302A104	Information Technology	4,520	$72,998.00	0.10%
Axogen, Inc.	AXGN	05463X106	Health Care	2,326	$76,362.58	0.10%
Central Pacific Financial Corp.	CPF	154760409	Financials	2,461	$77,324.62	0.10%
Fresh Del Monte Produce Inc.	FDP	G36738105	Consumer Staples	2,016	$76,849.92	0.10%
Guardian Pharmacy Services, Inc. (Class A)	GRDN	40145W101	Health Care	2,443	$74,535.93	0.10%
MillerKnoll Inc.	MLKN	600544100	Industrials	3,774	$73,932.66	0.10%
Pagaya Technologies Ltd. (Class A)	PGY	M7S64L123	Information Technology	3,387	$73,870.47	0.10%
Sezzle Inc.	SEZL	78435P105	Financials	1,114	$75,306.40	0.10%
Taylor Morrison Home Corporation	TMHC	87724P106	Consumer Discretionary	1,236	$76,928.64	0.10%
Apple Hospitality REIT, Inc.	APLE	03784Y200	Real Estate	5,321	$65,554.72	0.09%
Pediatrix Medical Group Inc	MD	58502B106	Health Care	3,003	$64,684.62	0.09%
The Western Union Company	WU	959802109	Financials	7,003	$66,458.47	0.09%
Yelp Inc.	YELP	985817105	Communication Services	2,439	$68,974.92	0.09%
PC Connection, Inc.	CNXN	69318J100	Information Technology	1,021	$58,054.06	0.08%
The Hackett Group, Inc.	HCKT	404609109	Information Technology	2,928	$57,535.20	0.08%
Harrow, Inc.	HROW	415858109	Health Care	1,175	$52,252.25	0.07%
acuity	AYI	00508Y102	Industrials	139	$43,819.75	0.06%
EnerSys	ENS	29275Y102	Industrials	268	$46,473.88	0.06%
FirstCash Holdings, Inc.	FCFS	33768G107	Financials	266	$44,536.38	0.06%
GPGI Inc., (Class A)	GPGI	20459V105	Information Technology	1,730	$43,336.50	0.06%
Graham Holdings Company	GHC	384637104	Consumer Discretionary	41	$48,056.92	0.06%
Hims & Hers Health, Inc.	HIMS	433000106	Health Care	1,447	$42,860.14	0.06%
Kennametal Inc.	KMT	489170100	Industrials	1,373	$47,354.77	0.06%
Kontoor Brands, Inc.	KTB	50050N103	Consumer Discretionary	718	$41,521.94	0.06%
MDU Resources Group, Inc.	MDU	552690109	Utilities	2,282	$46,096.40	0.06%
OUTFRONT Media Inc.	OUT	69007J304	Real Estate	1,850	$45,491.50	0.06%
Science Applications International Corporation	SAIC	808625107	Industrials	374	$41,192.36	0.06%
ThredUp Inc. (Class A)	TDUP	88556E102	Consumer Discretionary	8,802	$45,682.38	0.06%
Zurn Elkay Water Solutions Corp.	ZWS	98983L108	Industrials	1,030	$48,204.00	0.06%
ACADIA Pharmaceuticals Inc.	ACAD	004225108	Health Care	1,348	$36,180.32	0.05%
Artisan Partners Asset Management Inc. (Class A)	APAM	04316A108	Financials	890	$38,350.10	0.05%
Bath & Body Works, Inc.	BBWI	070830104	Consumer Discretionary	1,729	$38,383.80	0.05%
CarGurus, Inc.	CARG	141788109	Communication Services	1,122	$38,148.00	0.05%
Carter's, Inc.	CRI	146229109	Consumer Discretionary	944	$33,663.04	0.05%
Dorian LPG Ltd.	LPG	Y2106R110	Energy	1,321	$36,353.92	0.05%
Envista Holdings Corporation	NVST	29415F104	Health Care	1,595	$38,024.80	0.05%
ePlus inc.	PLUS	294268107	Information Technology	426	$37,151.46	0.05%
First Hawaiian, Inc.	FHB	32051X108	Financials	1,451	$39,307.59	0.05%
Magnolia Oil & Gas Corporation (Class A)	MGY	559663109	Energy	1,514	$36,487.40	0.05%
Main Street Capital Corporation	MAIN	56035L104	Financials	617	$39,518.85	0.05%
Murphy Oil Corporation	MUR	626717102	Energy	1,289	$40,719.51	0.05%
Prestige Consumer Healthcare Inc.	PBH	74112D101	Health Care	545	$35,861.00	0.05%
SI-BONE, Inc.	SIBN	825704109	Health Care	2,019	$33,919.20	0.05%
Spectrum Brands Holdings, Inc.	SPB	84790A105	Consumer Staples	560	$36,220.80	0.05%
Addus HomeCare Corporation	ADUS	006739106	Health Care	266	$29,358.42	0.04%
Avnet, Inc.	AVT	053807103	Information Technology	594	$30,193.02	0.04%
CONMED Corporation	CNMD	207410101	Health Care	732	$30,473.16	0.04%
Embecta Corp.	EMBC	29082K105	Health Care	2,620	$28,662.80	0.04%
IDT Corporation (Class B)	IDT	448947507	Communication Services	595	$28,750.40	0.04%
Korn Ferry	KFY	500643200	Industrials	484	$32,916.84	0.04%
Park Hotels & Resorts Inc.	PK	700517105	Real Estate	2,884	$32,791.08	0.04%
RingCentral, Inc. (Class A)	RNG	76680R206	Information Technology	1,090	$29,233.80	0.04%
Hyster-Yale, Inc.	HY	449172105	Industrials	731	$24,517.74	0.03%
ManpowerGroup Inc.	MAN	56418H100	Industrials	717	$21,940.20	0.03%
DXC Technology Company	DXC	23355L106	Information Technology	348	$5,220.00	0.01%
Mercury General Corporation	MCY	589400100	Financials	46	$3,932.54	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.