First Trust Active Factor Small Cap ETF (AFSM)

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Holdings

Holdings of the Fund as of 5/18/2026

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Total Number of Holdings (excluding cash): 317

Security Name	Identifier	CUSIP	Classification	Shares / Quantity	Market Value	Weighting
Bloom Energy Corporation (Class A)	BE	093712107	Industrials	6,434	$1,664,540.14	1.78%
TTM Technologies, Inc.	TTMI	87305R109	Information Technology	9,343	$1,484,228.98	1.59%
Viavi Solutions Inc.	VIAV	925550105	Information Technology	25,483	$1,267,779.25	1.36%
Vicor Corporation	VICR	925815102	Industrials	4,126	$1,027,456.52	1.10%
Perimeter Solutions, Inc.	PRM	71385M107	Materials	29,832	$997,582.08	1.07%
Photronics, Inc.	PLAB	719405102	Information Technology	18,663	$887,052.39	0.95%
Ames National Corporation	ATLO	031001100	Financials	31,318	$874,085.38	0.94%
nLight, Inc.	LASR	65487K100	Information Technology	11,799	$835,723.17	0.90%
National HealthCare Corporation	NHC	635906100	Health Care	4,159	$816,411.70	0.87%
Penguin Solutions Inc.	PENG	706915105	Information Technology	17,140	$783,469.40	0.84%
Axcelis Technologies, Inc.	ACLS	054540208	Information Technology	5,322	$778,289.28	0.83%
EnerSys	ENS	29275Y102	Industrials	3,366	$755,364.06	0.81%
Comfort Systems USA, Inc.	FIX	199908104	Industrials	403	$747,335.29	0.80%
Sterling Infrastructure, Inc.	STRL	859241101	Industrials	956	$736,846.56	0.79%
Credo Technology Group Holding Ltd	CRDO	G25457105	Information Technology	4,598	$718,529.46	0.77%
Interface, Inc.	TILE	458665304	Industrials	25,111	$716,165.72	0.77%
Scorpio Tankers Inc.	STNG	Y7542C130	Energy	8,553	$700,234.11	0.75%
Matson, Inc.	MATX	57686G105	Industrials	3,756	$692,043.00	0.74%
Garrett Motion Inc.	GTX	366505105	Consumer Discretionary	22,335	$678,537.30	0.73%
Bel Fuse Inc. (Class B)	BELFB	077347300	Information Technology	2,619	$676,435.32	0.72%
GigaCloud Technology Inc (Class A)	GCT	G38644103	Consumer Discretionary	17,899	$667,632.70	0.72%
Catalyst Pharmaceuticals, Inc.	CPRX	14888U101	Health Care	20,918	$653,269.14	0.70%
Par Pacific Holdings, Inc.	PARR	69888T207	Energy	11,029	$648,394.91	0.69%
Caledonia Mining Corporation Plc	CMCL	G1757E113	Materials	25,817	$611,604.73	0.66%
Peabody Energy Corporation	BTU	704551100	Energy	25,312	$602,931.84	0.65%
SiriusPoint Ltd.	SPNT	G8192H106	Financials	25,514	$608,764.04	0.65%
Teekay Tankers Ltd. (Class A)	TNK	G8726X106	Energy	7,890	$607,056.60	0.65%
EMCOR Group, Inc.	EME	29084Q100	Industrials	676	$592,980.44	0.64%
Blue Bird Corporation	BLBD	095306106	Industrials	8,042	$584,975.08	0.63%
Chord Energy Corporation	CHRD	674215207	Energy	3,873	$579,245.88	0.62%
Krystal Biotech, Inc.	KRYS	501147102	Health Care	1,983	$578,540.25	0.62%
Indivior Pharmaceuticals, Inc.	INDV	45579U109	Health Care	15,410	$563,081.40	0.60%
Lantheus Holdings, Inc.	LNTH	516544103	Health Care	5,998	$558,593.74	0.60%
TrustCo Bank Corp NY	TRST	898349204	Financials	11,262	$555,329.22	0.60%
Astronics Corporation	ATRO	046433108	Industrials	6,852	$550,558.20	0.59%
Carpenter Technology Corporation	CRS	144285103	Industrials	1,354	$547,368.04	0.59%
Mitek Systems, Inc.	MITK	606710200	Information Technology	39,216	$554,122.08	0.59%
Sanmina Corporation	SANM	801056102	Information Technology	2,437	$548,666.18	0.59%
Seneca Foods Corporation	SENEA	817070501	Consumer Staples	3,846	$548,516.52	0.59%
Kiniksa Pharmaceuticals International, Plc (Class A)	KNSA	G52694109	Health Care	10,116	$542,622.24	0.58%
Brookdale Senior Living Inc.	BKD	112463104	Health Care	40,244	$534,440.32	0.57%
Hecla Mining Company	HL	422704106	Materials	31,029	$535,560.54	0.57%
IES Holdings, Inc.	IESC	44951W106	Industrials	816	$533,892.48	0.57%
Laureate Education, Inc. (Class A)	LAUR	518613203	Consumer Discretionary	16,256	$536,610.56	0.57%
Tactile Systems Technology, Inc.	TCMD	87357P100	Health Care	22,305	$527,513.25	0.57%
Bank First Corporation	BFC	06211J100	Financials	3,625	$520,767.50	0.56%
Halozyme Therapeutics, Inc.	HALO	40637H109	Health Care	7,803	$526,234.32	0.56%
Tutor Perini Corporation	TPC	901109108	Industrials	6,926	$522,428.18	0.56%
Clear Secure, Inc. (Class A)	YOU	18467V109	Information Technology	8,701	$514,925.18	0.55%
First Financial Corporation	THFF	320218100	Financials	7,617	$508,891.77	0.55%
Teradata Corporation	TDC	88076W103	Information Technology	15,600	$511,212.00	0.55%
Amalgamated Financial Corp.	AMAL	022671101	Financials	12,362	$499,424.80	0.54%
Costamare Inc.	CMRE	Y1771G102	Industrials	29,107	$500,058.26	0.54%
Harmonic Inc.	HLIT	413160102	Information Technology	40,115	$500,635.20	0.54%
Macy's, Inc.	M	55616P104	Consumer Discretionary	26,539	$491,502.28	0.53%
MGIC Investment Corporation	MTG	552848103	Financials	18,650	$491,987.00	0.53%
Metropolitan Bank Holding Corp.	MCB	591774104	Financials	5,439	$479,611.02	0.51%
National Health Investors, Inc.	NHI	63633D104	Real Estate	6,313	$479,093.57	0.51%
Ziff Davis, Inc.	ZD	48123V102	Communication Services	11,589	$477,003.24	0.51%
InterDigital, Inc.	IDCC	45867G101	Information Technology	1,762	$464,903.70	0.50%
EPR Properties	EPR	26884U109	Real Estate	7,805	$455,343.70	0.49%
Liquidia Technologies, Inc.	LQDA	53635D202	Health Care	8,048	$458,494.56	0.49%
Atkore Inc.	ATKR	047649108	Industrials	5,965	$444,452.15	0.48%
BrightSpring Health Services, Inc.	BTSG	10950A106	Health Care	7,474	$419,889.32	0.45%
Heritage Insurance Holdings, Inc.	HRTG	42727J102	Financials	17,215	$412,987.85	0.44%
Perdoceo Education Corporation	PRDO	71363P106	Consumer Discretionary	11,797	$409,001.99	0.44%
Innovative Industrial Properties, Inc.	IIPR	45781V101	Real Estate	7,374	$402,472.92	0.43%
Northeast Community Bancorp, Inc.	NECB	664121100	Financials	17,030	$402,248.60	0.43%
PVH Corp.	PVH	693656100	Consumer Discretionary	5,031	$404,140.23	0.43%
Willdan Group, Inc.	WLDN	96924N100	Industrials	4,531	$403,712.10	0.43%
Enact Holdings, Inc.	ACT	29249E109	Financials	8,940	$393,717.60	0.42%
Guardant Health, Inc.	GH	40131M109	Health Care	4,116	$393,736.56	0.42%
Resolute Holdings Management, Inc.	RHLD	76134H101	Industrials	3,557	$388,744.53	0.42%
ScanSource, Inc.	SCSC	806037107	Information Technology	9,148	$393,089.56	0.42%
Arcutis Biotherapeutics, Inc.	ARQT	03969K108	Health Care	19,301	$386,599.03	0.41%
Hamilton Insurance Group, Ltd. (Class B)	HG	G42706104	Financials	11,949	$384,160.35	0.41%
Lincoln Educational Services Corporation	LINC	533535100	Consumer Discretionary	7,686	$380,072.70	0.41%
LiveRamp Holdings, Inc.	RAMP	53815P108	Information Technology	10,186	$384,725.22	0.41%
American Healthcare REIT, Inc.	AHR	398182303	Real Estate	7,483	$374,823.47	0.40%
Cal-Maine Foods, Inc.	CALM	128030202	Consumer Staples	4,840	$375,632.40	0.40%
Daktronics, Inc.	DAKT	234264109	Information Technology	19,362	$370,007.82	0.40%
InMode Ltd.	INMD	M5425M103	Health Care	26,280	$370,548.00	0.40%
Kulicke and Soffa Industries, Inc.	KLIC	501242101	Information Technology	3,725	$370,116.00	0.40%
NetScout Systems, Inc.	NTCT	64115T104	Information Technology	9,506	$370,163.64	0.40%
Ardmore Shipping Corporation	ASC	Y0207T100	Energy	19,112	$368,288.24	0.39%
DNOW Inc.	DNOW	67011P100	Industrials	27,735	$361,387.05	0.39%
Rambus Inc.	RMBS	750917106	Information Technology	2,961	$366,453.36	0.39%
Signet Jewelers Limited	SIG	G81276100	Consumer Discretionary	4,899	$362,232.06	0.39%
iRhythm Holdings, Inc.	IRTC	450056106	Health Care	3,160	$350,570.40	0.38%
Digi International Inc.	DGII	253798102	Information Technology	5,475	$342,297.00	0.37%
Sabra Health Care REIT, Inc.	SBRA	78573L106	Real Estate	16,359	$342,393.87	0.37%
Universal Insurance Holdings, Inc.	UVE	91359V107	Financials	8,809	$348,395.95	0.37%
Cars.com Inc.	CARS	14575E105	Communication Services	33,720	$338,211.60	0.36%
Genco Shipping & Trading Limited	GNK	Y2685T131	Industrials	13,718	$334,993.56	0.36%
Myers Industries, Inc.	MYE	628464109	Materials	15,323	$334,501.09	0.36%
OneSpan Inc.	OSPN	68287N100	Information Technology	26,872	$331,600.48	0.36%
Bread Financial Holdings, Inc.	BFH	018581108	Financials	3,805	$326,963.65	0.35%
DHT Holdings, Inc.	DHT	Y2065G121	Energy	18,373	$329,060.43	0.35%
Harmony Biosciences Holdings, Inc.	HRMY	413197104	Health Care	10,901	$325,176.83	0.35%
Herbalife Ltd.	HLF	G4412G101	Consumer Staples	26,226	$330,185.34	0.35%
Protagonist Therapeutics, Inc.	PTGX	74366E102	Health Care	3,200	$322,368.00	0.35%
Theravance Biopharma, Inc.	TBPH	G8807B106	Health Care	20,135	$327,395.10	0.35%
Travere Therapeutics, Inc.	TVTX	89422G107	Health Care	7,535	$323,176.15	0.35%
Virtus Investment Partners, Inc.	VRTS	92828Q109	Financials	2,339	$327,904.41	0.35%
Abercrombie & Fitch Co. (Class A)	ANF	002896207	Consumer Discretionary	4,358	$313,558.10	0.34%
Mueller Industries, Inc.	MLI	624756102	Industrials	2,365	$321,971.10	0.34%
PHINIA Inc.	PHIN	71880K101	Consumer Discretionary	4,188	$314,267.52	0.34%
Alpha Metallurgical Resources, Inc.	AMR	020764106	Materials	1,688	$307,722.40	0.33%
CareTrust REIT, Inc.	CTRE	14174T107	Real Estate	7,497	$311,275.44	0.33%
EZCORP, Inc.	EZPW	302301106	Financials	9,187	$306,570.19	0.33%
FormFactor, Inc.	FORM	346375108	Information Technology	2,597	$304,939.74	0.33%
G-III Apparel Group, Ltd.	GIII	36237H101	Consumer Discretionary	10,718	$311,143.54	0.33%
Innoviva, Inc.	INVA	45781M101	Health Care	14,090	$307,162.00	0.33%
Sphere Entertainment Co.	SPHR	55826T102	Communication Services	2,223	$305,484.66	0.33%
Trustmark Corporation	TRMK	898402102	Financials	6,929	$304,252.39	0.33%
A10 Networks, Inc.	ATEN	002121101	Information Technology	10,572	$297,284.64	0.32%
Alkermes Plc	ALKS	G01767105	Health Care	7,918	$294,470.42	0.32%
American Public Education, Inc.	APEI	02913V103	Consumer Discretionary	5,480	$298,221.60	0.32%
Mercury General Corporation	MCY	589400100	Financials	2,942	$296,053.46	0.32%
Mirum Pharmaceuticals, Inc.	MIRM	604749101	Health Care	3,173	$302,989.77	0.32%
Sensient Technologies Corporation	SXT	81725T100	Materials	2,624	$298,899.84	0.32%
SPX Technologies	SPXC	78473E103	Industrials	1,510	$302,709.70	0.32%
Stride, Inc.	LRN	86333M108	Consumer Discretionary	3,352	$301,076.64	0.32%
Sylvamo Corporation	SLVM	871332102	Materials	8,074	$301,483.16	0.32%
Axogen, Inc.	AXGN	05463X106	Health Care	6,966	$292,223.70	0.31%
Dave Inc. (Class A)	DAVE	23834J201	Financials	1,220	$293,483.20	0.31%
Kennametal Inc.	KMT	489170100	Industrials	8,206	$286,553.52	0.31%
SSR Mining Inc.	SSRM	784730103	Materials	9,501	$291,870.72	0.31%
Talos Energy Inc.	TALO	87484T108	Energy	17,697	$287,399.28	0.31%
Veracyte, Inc.	VCYT	92337F107	Health Care	7,053	$292,699.50	0.31%
Applied Industrial Technologies, Inc.	AIT	03820C105	Industrials	905	$276,224.10	0.30%
Astrana Health Inc.	ASTH	03763A207	Health Care	7,127	$277,810.46	0.30%
Essent Group Ltd.	ESNT	G3198U102	Financials	4,523	$280,742.61	0.30%
H&R Block, Inc.	HRB	093671105	Consumer Discretionary	7,256	$280,879.76	0.30%
Powell Industries, Inc.	POWL	739128106	Industrials	1,032	$275,337.60	0.30%
PriceSmart, Inc.	PSMT	741511109	Consumer Staples	1,712	$278,884.80	0.30%
Tarsus Pharmaceuticals, Inc.	TARS	87650L103	Health Care	4,419	$277,601.58	0.30%
TG Therapeutics, Inc.	TGTX	88322Q108	Health Care	7,181	$283,505.88	0.30%
USANA Health Sciences, Inc.	USNA	90328M107	Consumer Staples	15,622	$281,820.88	0.30%
Globus Medical, Inc. (Class A)	GMED	379577208	Health Care	3,370	$265,994.10	0.29%
Heritage Financial Corporation	HFWA	42722X106	Financials	10,047	$267,551.61	0.29%
Madison Square Garden Entertainment Corp. (Class A)	MSGE	558256103	Communication Services	3,974	$274,364.96	0.29%
Nicolet Bankshares, Inc.	NIC	65406E102	Financials	1,931	$271,962.04	0.29%
Planet Labs PBC (Class A)	PL	72703X106	Industrials	6,409	$266,678.49	0.29%
Rigel Pharmaceuticals, Inc.	RIGL	766559702	Health Care	9,454	$270,478.94	0.29%
Scholastic Corporation	SCHL	807066105	Communication Services	6,761	$273,414.84	0.29%
The RMR Group Inc. (Class A)	RMR	74967R106	Real Estate	13,825	$267,928.50	0.29%
Academy Sports and Outdoors, Inc.	ASO	00402L107	Consumer Discretionary	5,199	$259,846.02	0.28%
FIGS, Inc. (Class A)	FIGS	30260D103	Consumer Discretionary	22,484	$258,566.00	0.28%
Forum Energy Technologies, Inc.	FET	34984V209	Energy	4,455	$258,568.20	0.28%
Kforce Inc.	KFRC	493732101	Industrials	6,522	$265,119.30	0.28%
National Energy Services Reunited Corp.	NESR	G6375R107	Energy	10,051	$261,225.49	0.28%
Omnicell, Inc.	OMCL	68213N109	Health Care	5,955	$257,375.10	0.28%
Pelagos Insurance Capital Limited	PLGO	G3398L118	Financials	11,045	$261,214.25	0.28%
Peoples Bancorp of North Carolina, Inc.	PEBK	710577107	Financials	6,393	$257,382.18	0.28%
S&T Bancorp, Inc.	STBA	783859101	Financials	6,000	$265,620.00	0.28%
Teekay Corporation Ltd.	TK	G8726T105	Energy	19,464	$262,569.36	0.28%
ANI Pharmaceuticals, Inc.	ANIP	00182C103	Health Care	3,132	$248,492.88	0.27%
Dana Incorporated	DAN	235825205	Consumer Discretionary	7,685	$255,833.65	0.27%
NMI Holdings, Inc. (Class A)	NMIH	629209305	Financials	6,420	$247,555.20	0.27%
PTC Therapeutics, Inc.	PTCT	69366J200	Health Care	3,572	$250,575.80	0.27%
US Dollar	$USD		Other	254,775	$254,774.66	0.27%
WSFS Financial Corporation	WSFS	929328102	Financials	3,537	$248,686.47	0.27%
First Financial Bancorp.	FFBC	320209109	Financials	8,224	$245,815.36	0.26%
Progyny, Inc.	PGNY	74340E103	Health Care	10,132	$243,674.60	0.26%
Brinker International, Inc.	EAT	109641100	Consumer Discretionary	1,791	$236,967.21	0.25%
ConnectOne Bancorp, Inc.	CNOB	20786W107	Financials	8,075	$236,193.75	0.25%
Constellium SE (Class A)	CSTM	F21107101	Materials	7,357	$237,263.25	0.25%
CRA International, Inc.	CRAI	12618T105	Industrials	1,637	$237,217.67	0.25%
Federated Hermes, Inc. (Class B)	FHI	314211103	Financials	4,214	$229,325.88	0.25%
HCI Group, Inc.	HCI	40416E103	Financials	1,476	$234,049.32	0.25%
Home BancShares, Inc.	HOMB	436893200	Financials	9,037	$235,775.33	0.25%
Mueller Water Products, Inc.	MWA	624758108	Industrials	8,967	$230,631.24	0.25%
PJT Partners Inc. (Class A)	PJT	69343T107	Financials	1,465	$229,829.20	0.25%
Simulations Plus, Inc.	SLP	829214105	Health Care	16,627	$229,120.06	0.25%
Supernus Pharmaceuticals, Inc.	SUPN	868459108	Health Care	4,905	$237,058.65	0.25%
City Holding Company	CHCO	177835105	Financials	1,852	$227,944.16	0.24%
First BanCorp.	FBP	318672706	Financials	9,279	$219,541.14	0.24%
Hallador Energy Company	HNRG	40609P105	Utilities	12,090	$221,247.00	0.24%
Huron Consulting Group Inc.	HURN	447462102	Industrials	2,113	$228,478.69	0.24%
M/I Homes, Inc.	MHO	55305B101	Consumer Discretionary	1,792	$222,010.88	0.24%
OFG Bancorp	OFG	67103X102	Financials	5,051	$225,628.17	0.24%
TETRA Technologies, Inc.	TTI	88162F105	Energy	21,610	$226,472.80	0.24%
WaFd Inc.	WAFD	938824109	Financials	6,515	$228,481.05	0.24%
Coeur Mining, Inc.	CDE	192108504	Materials	12,518	$219,065.00	0.23%
CorMedix Inc.	CRMD	21900C308	Health Care	27,335	$216,219.85	0.23%
Crocs, Inc.	CROX	227046109	Consumer Discretionary	2,236	$216,892.00	0.23%
Kohl's Corporation	KSS	500255104	Consumer Discretionary	18,709	$219,269.48	0.23%
LeMaitre Vascular, Inc.	LMAT	525558201	Health Care	2,142	$215,977.86	0.23%
LivaNova Plc	LIVN	G5509L101	Health Care	2,937	$212,139.51	0.23%
Nu Skin Enterprises, Inc. (Class A)	NUS	67018T105	Consumer Staples	37,344	$218,835.84	0.23%
Red Violet, Inc.	RDVT	75704L104	Information Technology	4,368	$215,910.24	0.23%
The Bank of N.T. Butterfield & Son Limited	NTB	G0772R208	Financials	3,754	$210,148.92	0.23%
Cushman & Wakefield Ltd.	CWK	G2717C106	Real Estate	16,581	$209,583.84	0.22%
Hub Group, Inc.	HUBG	443320106	Industrials	5,273	$201,270.41	0.22%
Iradimed Corporation	IRMD	46266A109	Health Care	2,362	$209,037.00	0.22%
Ennis, Inc.	EBF	293389102	Industrials	9,820	$200,229.80	0.21%
Sonos, Inc.	SONO	83570H108	Consumer Discretionary	13,308	$196,426.08	0.21%
Aurinia Pharmaceuticals Inc.	AUPH	05156V102	Health Care	11,866	$185,109.60	0.20%
Caleres, Inc.	CAL	129500104	Consumer Discretionary	16,988	$186,358.36	0.20%
Calix, Inc.	CALX	13100M509	Information Technology	4,727	$190,119.94	0.20%
Cipher Digital Inc.	CIFR	17253J106	Information Technology	9,778	$186,955.36	0.20%
Concentrix Corporation	CNXC	20602D101	Industrials	7,780	$186,253.20	0.20%
Itron, Inc.	ITRI	465741106	Information Technology	2,278	$184,062.40	0.20%
Kelly Services, Inc.	KELYA	488152208	Industrials	19,345	$187,453.05	0.20%
Adaptive Biotechnologies Corporation	ADPT	00650F109	Health Care	13,623	$173,148.33	0.19%
AMC Global Media Inc. (Class A)	AMCX	00164V103	Communication Services	20,813	$173,788.55	0.19%
Arteris, Inc.	AIP	04302A104	Information Technology	5,346	$177,968.34	0.19%
Euronet Worldwide, Inc.	EEFT	298736109	Financials	2,559	$176,596.59	0.19%
Hycroft Mining Holding Corporation	HYMC	44862P208	Materials	5,180	$180,419.40	0.19%
Pacira BioSciences, Inc.	PCRX	695127100	Health Care	7,733	$173,528.52	0.19%
Rayonier Inc.	RYN	754907103	Real Estate	8,884	$176,347.40	0.19%
SunCoke Energy, Inc.	SXC	86722A103	Materials	22,335	$173,096.25	0.19%
Brady Corporation	BRC	104674106	Industrials	1,956	$165,145.08	0.18%
Commvault Systems, Inc.	CVLT	204166102	Information Technology	1,625	$172,152.50	0.18%
HNI Corporation	HNI	404251100	Industrials	5,600	$168,896.00	0.18%
PagSeguro Digital Ltd. (Class A)	PAGS	G68707101	Financials	18,615	$170,885.70	0.18%
The Buckle, Inc.	BKE	118440106	Consumer Discretionary	3,499	$168,231.92	0.18%
Adeia Inc.	ADEA	00676P107	Information Technology	5,656	$154,974.40	0.17%
AnaptysBio, Inc.	ANAB	032724106	Health Care	2,659	$156,189.66	0.17%
Apogee Enterprises, Inc.	APOG	037598109	Industrials	4,573	$157,356.93	0.17%
Gold.com Inc.	GOLD	00181T107	Consumer Discretionary	4,099	$162,566.34	0.17%
GRAIL, Inc.	GRAL	384747101	Health Care	2,638	$160,152.98	0.17%
Inhibrx Biosciences, Inc.	INBX	45720N103	Health Care	1,498	$158,488.40	0.17%
Janus International Group, Inc.	JBI	47103N106	Industrials	32,382	$158,024.16	0.17%
Ligand Pharmaceuticals Inc. (Class B)	LGND	53220K504	Health Care	780	$162,154.20	0.17%
National Vision Holdings, Inc.	EYE	63845R107	Consumer Discretionary	8,942	$154,875.44	0.17%
The RealReal, Inc.	REAL	88339P101	Consumer Discretionary	17,225	$162,948.50	0.17%
Victoria's Secret & Co.	VSCO	926400102	Consumer Discretionary	3,549	$159,101.67	0.17%
Avista Corporation	AVA	05379B107	Utilities	3,516	$144,824.04	0.16%
Boise Cascade Company	BCC	09739D100	Industrials	2,277	$153,925.20	0.16%
Cathay General Bancorp	CATY	149150104	Financials	2,685	$151,917.30	0.16%
Emergent BioSolutions Inc.	EBS	29089Q105	Health Care	17,905	$145,567.65	0.16%
Guardian Pharmacy Services, Inc. (Class A)	GRDN	40145W101	Health Care	4,296	$153,882.72	0.16%
CBL & Associates Properties, Inc.	CBL	124830878	Real Estate	3,068	$141,618.88	0.15%
Gibraltar Industries, Inc.	ROCK	374689107	Industrials	4,020	$142,911.00	0.15%
PACS Group, Inc.	PACS	69380Q107	Health Care	3,769	$138,736.89	0.15%
Radian Group Inc.	RDN	750236101	Financials	3,752	$142,013.20	0.15%
Watts Water Technologies, Inc.	WTS	942749102	Industrials	467	$141,005.98	0.15%
Cimpress Plc	CMPR	G2143T103	Industrials	1,313	$135,081.44	0.14%
Healthcare Services Group, Inc.	HCSG	421906108	Industrials	5,946	$128,076.84	0.14%
Hudson Technologies, Inc.	HDSN	444144109	Industrials	26,299	$130,180.05	0.14%
Kaiser Aluminum Corporation	KALU	483007704	Materials	790	$131,456.00	0.14%
OUTFRONT Media Inc.	OUT	69007J304	Real Estate	4,025	$128,639.00	0.14%
Preferred Bank	PFBC	740367404	Financials	1,396	$128,180.72	0.14%
Q2 Holdings, Inc.	QTWO	74736L109	Information Technology	2,707	$126,904.16	0.14%
SIGA Technologies, Inc.	SIGA	826917106	Health Care	30,050	$128,313.50	0.14%
Yext, Inc.	YEXT	98585N106	Information Technology	35,969	$129,488.40	0.14%
Angi Inc. (Class A)	ANGI	00183L201	Communication Services	23,408	$121,253.44	0.13%
Fastly, Inc. (Class A)	FSLY	31188V100	Information Technology	7,469	$124,806.99	0.13%
GeneDx Holdings Corp.	WGS	81663L200	Health Care	2,815	$120,172.35	0.13%
Helen of Troy Limited	HELE	G4388N106	Consumer Discretionary	5,069	$121,402.55	0.13%
MasterBrand, Inc.	MBC	57638P104	Industrials	17,482	$123,248.10	0.13%
Victory Capital Holdings, Inc. (Class A)	VCTR	92645B103	Financials	1,429	$124,423.03	0.13%
Vistance Networks Inc.	VISN	20337X109	Information Technology	11,182	$124,791.12	0.13%
Acadian Asset Management Inc.	AAMI	10948W103	Financials	1,563	$108,378.42	0.12%
Fresh Del Monte Produce Inc.	FDP	G36738105	Consumer Staples	3,482	$113,931.04	0.12%
Otter Tail Corporation	OTTR	689648103	Utilities	1,222	$107,609.32	0.12%
American Eagle Outfitters, Inc.	AEO	02553E106	Consumer Discretionary	6,922	$102,860.92	0.11%
Central Pacific Financial Corp.	CPF	154760409	Financials	2,909	$99,545.98	0.11%
Certara, Inc.	CERT	15687V109	Health Care	21,812	$99,462.72	0.11%
Corcept Therapeutics Inc.	CORT	218352102	Health Care	1,788	$98,554.56	0.11%
Deluxe Corporation	DLX	248019101	Industrials	4,162	$99,305.32	0.11%
Everforth Incorporated	EFOR	00191U102	Information Technology	5,138	$98,135.80	0.11%
Hancock Whitney Corporation	HWC	410120109	Financials	1,507	$99,672.98	0.11%
LightPath Technologies, Inc. (Class A)	LPTH	532257805	Information Technology	8,534	$106,162.96	0.11%
Medpace Holdings, Inc.	MEDP	58506Q109	Health Care	247	$103,905.49	0.11%
Apple Hospitality REIT, Inc.	APLE	03784Y200	Real Estate	6,293	$88,668.37	0.10%
Forestar Group Inc.	FOR	346232101	Real Estate	3,796	$97,405.36	0.10%
Hilltop Holdings Inc.	HTH	432748101	Financials	2,654	$97,614.12	0.10%
Phreesia Inc.	PHR	71944F106	Health Care	9,828	$89,238.24	0.10%
TaskUs, Inc. (Class A)	TASK	87652V109	Industrials	16,129	$90,322.40	0.10%
Dycom Industries, Inc.	DY	267475101	Industrials	210	$88,128.60	0.09%
Envista Holdings Corporation	NVST	29415F104	Health Care	3,504	$81,117.60	0.09%
MAXIMUS, Inc.	MMS	577933104	Industrials	1,482	$88,401.30	0.09%
Pediatrix Medical Group Inc	MD	58502B106	Health Care	3,553	$80,439.92	0.09%
SITE Centers Corp.	SITC	82981J851	Real Estate	15,249	$83,107.05	0.09%
Taylor Morrison Home Corporation	TMHC	87724P106	Consumer Discretionary	1,464	$81,896.16	0.09%
ADMA Biologics, Inc.	ADMA	000899104	Health Care	8,583	$71,925.54	0.08%
FirstCash Holdings, Inc.	FCFS	33768G107	Financials	324	$72,887.04	0.08%
Grand Canyon Education, Inc.	LOPE	38526M106	Consumer Discretionary	460	$74,101.40	0.08%
Hawaiian Electric Industries, Inc.	HE	419870100	Utilities	5,698	$76,239.24	0.08%
PC Connection, Inc.	CNXN	69318J100	Information Technology	1,209	$78,863.07	0.08%
Sally Beauty Holdings, Inc.	SBH	79546E104	Consumer Discretionary	6,314	$74,631.48	0.08%
The Western Union Company	WU	959802109	Financials	8,281	$70,057.26	0.08%
Dorian LPG Ltd.	LPG	Y2106R110	Energy	1,564	$65,515.96	0.07%
MDU Resources Group, Inc.	MDU	552690109	Utilities	2,796	$62,854.08	0.07%
MillerKnoll Inc.	MLKN	600544100	Industrials	4,466	$65,516.22	0.07%
Murphy Oil Corporation	MUR	626717102	Energy	1,524	$61,630.56	0.07%
TriNet Group, Inc.	TNET	896288107	Industrials	1,565	$67,091.55	0.07%
Yelp Inc.	YELP	985817105	Communication Services	2,887	$62,907.73	0.07%
Avnet, Inc.	AVT	053807103	Information Technology	704	$58,664.32	0.06%
Inspire Medical Systems, Inc.	INSP	457730109	Health Care	1,422	$59,482.26	0.06%
RingCentral, Inc. (Class A)	RNG	76680R206	Information Technology	1,287	$52,355.16	0.06%
Zurn Elkay Water Solutions Corp.	ZWS	98983L108	Industrials	1,262	$60,601.24	0.06%
Harrow, Inc.	HROW	415858109	Health Care	1,388	$42,889.20	0.05%
Science Applications International Corporation	SAIC	808625107	Industrials	445	$42,724.45	0.05%
Spectrum Brands Holdings, Inc.	SPB	84790A105	Consumer Staples	662	$51,033.58	0.05%
ACADIA Pharmaceuticals Inc.	ACAD	004225108	Health Care	1,592	$32,938.48	0.04%
Atmus Filtration Technologies Inc.	ATMU	04956D107	Industrials	715	$35,985.95	0.04%
Bath & Body Works, Inc.	BBWI	070830104	Consumer Discretionary	2,044	$33,133.24	0.04%
CarGurus, Inc.	CARG	141788109	Communication Services	1,326	$38,003.16	0.04%
Carter's, Inc.	CRI	146229109	Consumer Discretionary	1,117	$39,664.67	0.04%
ePlus inc.	PLUS	294268107	Information Technology	504	$41,554.80	0.04%
ExlService Holdings, Inc.	EXLS	302081104	Industrials	1,338	$38,802.00	0.04%
Korn Ferry	KFY	500643200	Industrials	570	$37,437.60	0.04%
Park Hotels & Resorts Inc.	PK	700517105	Real Estate	3,411	$37,827.99	0.04%
SI-BONE, Inc.	SIBN	825704109	Health Care	2,389	$35,261.64	0.04%
The Hackett Group, Inc.	HCKT	404609109	Information Technology	3,463	$32,690.72	0.04%
Urban Outfitters, Inc.	URBN	917047102	Consumer Discretionary	594	$41,348.34	0.04%
Addus HomeCare Corporation	ADUS	006739106	Health Care	313	$28,996.32	0.03%
CONMED Corporation	CNMD	207410101	Health Care	865	$31,667.65	0.03%
ManpowerGroup Inc.	MAN	56418H100	Industrials	850	$23,528.00	0.03%
Prestige Consumer Healthcare Inc.	PBH	74112D101	Health Care	647	$30,150.20	0.03%
Embecta Corp.	EMBC	29082K105	Health Care	3,100	$9,393.00	0.01%
Advanced Energy Industries, Inc.	AEIS	007973100	Information Technology	14	$4,326.84	0.00%
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.