First Trust Active Factor Small Cap ETF (AFSM)

	Printer Friendly Page
	Fact Sheet
	Summary Prospectus
	Monthly Performance Report
	Investor Guide

Holdings

Holdings of the Fund as of 12/23/2025

Export to Excel

Total Number of Holdings (excluding cash): 317

Security Name	Identifier	CUSIP	Classification	Shares / Quantity	Market Value	Weighting
TTM Technologies, Inc.	TTMI	87305R109	Information Technology	9,976	$714,181.84	1.06%
Perimeter Solutions, Inc.	PRM	71385M107	Materials	24,770	$689,596.80	1.03%
Cal-Maine Foods, Inc.	CALM	128030202	Consumer Staples	7,676	$632,732.68	0.94%
American Healthcare REIT, Inc.	AHR	398182303	Real Estate	12,321	$595,720.35	0.89%
Comfort Systems USA, Inc.	FIX	199908104	Industrials	607	$585,979.59	0.87%
Halozyme Therapeutics, Inc.	HALO	40637H109	Health Care	8,527	$582,905.72	0.87%
GigaCloud Technology Inc (Class A)	GCT	G38644103	Consumer Discretionary	14,079	$566,679.75	0.84%
Interface, Inc.	TILE	458665304	Industrials	19,751	$554,608.08	0.82%
Caledonia Mining Corporation Plc	CMCL	G1757E113	Materials	20,089	$545,818.13	0.81%
Credo Technology Group Holding Ltd	CRDO	G25457105	Information Technology	3,559	$526,055.79	0.78%
Photronics, Inc.	PLAB	719405102	Information Technology	14,679	$502,021.80	0.75%
InterDigital, Inc.	IDCC	45867G101	Information Technology	1,518	$497,570.04	0.74%
Tactile Systems Technology, Inc.	TCMD	87357P100	Health Care	16,252	$480,084.08	0.71%
Macy's, Inc.	M	55616P104	Consumer Discretionary	20,875	$471,357.50	0.70%
Laureate Education, Inc. (Class A)	LAUR	518613203	Consumer Discretionary	13,873	$463,913.12	0.69%
Bel Fuse Inc. (Class B)	BELFB	077347300	Information Technology	2,510	$444,847.30	0.66%
Carpenter Technology Corporation	CRS	144285103	Industrials	1,319	$439,754.60	0.65%
Indivior Plc	INDV	G4766E116	Health Care	12,016	$436,781.60	0.65%
iRhythm Technologies, Inc.	IRTC	450056106	Health Care	2,441	$435,596.45	0.65%
MGIC Investment Corporation	MTG	552848103	Financials	14,610	$433,624.80	0.64%
Peabody Energy Corporation	BTU	704551100	Energy	13,814	$431,134.94	0.64%
Abercrombie & Fitch Co. (Class A)	ANF	002896207	Consumer Discretionary	3,427	$424,296.87	0.63%
Hycroft Mining Holding Corporation	HYMC	44862P208	Materials	15,730	$426,912.20	0.63%
Rambus Inc.	RMBS	750917106	Information Technology	4,474	$421,406.06	0.63%
SiriusPoint Ltd.	SPNT	G8192H106	Financials	18,410	$413,672.70	0.62%
Ames National Corporation	ATLO	031001100	Financials	18,031	$413,450.83	0.61%
Arcutis Biotherapeutics, Inc.	ARQT	03969K108	Health Care	13,875	$406,676.25	0.60%
GeneDx Holdings Corp.	WGS	81663L200	Health Care	2,987	$404,290.45	0.60%
Catalyst Pharmaceuticals, Inc.	CPRX	14888U101	Health Care	16,391	$397,153.93	0.59%
Kiniksa Pharmaceuticals International, Plc (Class A)	KNSA	G52694109	Health Care	9,275	$394,373.00	0.59%
nLight, Inc.	LASR	65487K100	Information Technology	10,085	$397,853.25	0.59%
Red Violet, Inc.	RDVT	75704L104	Information Technology	7,054	$398,551.00	0.59%
Calix, Inc.	CALX	13100M509	Information Technology	7,033	$389,839.19	0.58%
Tutor Perini Corporation	TPC	901109108	Industrials	5,692	$390,755.80	0.58%
Willdan Group, Inc.	WLDN	96924N100	Industrials	3,529	$388,225.29	0.58%
First Financial Corporation	THFF	320218100	Financials	6,174	$385,195.86	0.57%
National Health Investors, Inc.	NHI	63633D104	Real Estate	5,038	$385,860.42	0.57%
Resolute Holdings Management, Inc.	RHLD	76134H101	Industrials	1,802	$386,276.72	0.57%
Bank First Corporation	BFC	06211J100	Financials	2,908	$376,382.44	0.56%
EMCOR Group, Inc.	EME	29084Q100	Industrials	586	$366,654.34	0.55%
Sensient Technologies Corporation	SXT	81725T100	Materials	3,870	$372,913.20	0.55%
Heritage Insurance Holdings, Inc.	HRTG	42727J102	Financials	12,040	$363,246.80	0.54%
Matson, Inc.	MATX	57686G105	Industrials	2,952	$365,782.32	0.54%
Applied Industrial Technologies, Inc.	AIT	03820C105	Industrials	1,361	$358,732.38	0.53%
City Holding Company	CHCO	177835105	Financials	2,894	$359,290.10	0.53%
CorMedix Inc.	CRMD	21900C308	Health Care	30,015	$359,579.70	0.53%
Daktronics, Inc.	DAKT	234264109	Information Technology	18,705	$353,711.55	0.53%
Axcelis Technologies, Inc.	ACLS	054540208	Information Technology	4,185	$350,284.50	0.52%
OFG Bancorp	OFG	67103X102	Financials	8,123	$341,978.30	0.51%
Scorpio Tankers Inc.	STNG	Y7542C130	Energy	6,728	$341,715.12	0.51%
Seneca Foods Corporation	SENEA	817070501	Consumer Staples	3,080	$341,479.60	0.51%
Teradata Corporation	TDC	88076W103	Information Technology	11,134	$340,366.38	0.51%
Cars.com Inc.	CARS	14575E105	Communication Services	26,524	$333,937.16	0.50%
Metropolitan Bank Holding Corp.	MCB	591774104	Financials	4,276	$335,110.12	0.50%
Teekay Tankers Ltd. (Class A)	TNK	G8726X106	Energy	6,206	$334,131.04	0.50%
Blue Bird Corporation	BLBD	095306106	Industrials	6,326	$328,825.48	0.49%
Harmony Biosciences Holdings, Inc.	HRMY	413197104	Health Care	8,576	$329,661.44	0.49%
Signet Jewelers Limited	SIG	G81276100	Consumer Discretionary	3,856	$330,921.92	0.49%
Amalgamated Financial Corp.	AMAL	022671101	Financials	9,725	$319,563.50	0.48%
Mitek Systems, Inc.	MITK	606710200	Information Technology	30,846	$323,266.08	0.48%
Rigel Pharmaceuticals, Inc.	RIGL	766559702	Health Care	7,330	$322,080.20	0.48%
Harmonic Inc.	HLIT	413160102	Information Technology	31,550	$315,500.00	0.47%
IES Holdings, Inc.	IESC	44951W106	Industrials	773	$315,561.79	0.47%
Kohl's Corporation	KSS	500255104	Consumer Discretionary	14,714	$315,173.88	0.47%
Lantheus Holdings, Inc.	LNTH	516544103	Health Care	4,716	$313,755.48	0.47%
Ziff Davis, Inc.	ZD	48123V102	Communication Services	9,116	$316,507.52	0.47%
Life360, Inc.	LIF	532206109	Information Technology	4,567	$307,130.75	0.46%
Northeast Community Bancorp, Inc.	NECB	664121100	Financials	13,394	$308,597.76	0.46%
Par Pacific Holdings, Inc.	PARR	69888T207	Energy	8,675	$306,661.25	0.46%
Sylvamo Corporation	SLVM	871332102	Materials	6,350	$310,324.50	0.46%
Tarsus Pharmaceuticals, Inc.	TARS	87650L103	Health Care	3,728	$306,180.64	0.46%
Atkore Inc.	ATKR	047649108	Industrials	4,694	$305,110.00	0.45%
Sterling Infrastructure, Inc.	STRL	859241101	Industrials	955	$301,655.85	0.45%
Sun Country Airlines Holdings, Inc.	SNCY	866683105	Industrials	20,851	$302,130.99	0.45%
Virtus Investment Partners, Inc.	VRTS	92828Q109	Financials	1,839	$304,409.67	0.45%
Astronics Corporation	ATRO	046433108	Industrials	5,389	$298,281.15	0.44%
DNOW Inc.	DNOW	67011P100	Industrials	21,813	$297,093.06	0.44%
EPR Properties	EPR	26884U109	Real Estate	6,030	$298,062.90	0.44%
InMode Ltd.	INMD	M5425M103	Health Care	20,670	$297,027.90	0.44%
Nu Skin Enterprises, Inc. (Class A)	NUS	67018T105	Consumer Staples	29,372	$294,601.16	0.44%
Sanmina Corporation	SANM	801056102	Information Technology	1,915	$295,235.55	0.44%
Theravance Biopharma, Inc.	TBPH	G8807B106	Health Care	15,836	$294,074.52	0.44%
Hecla Mining Company	HL	422704106	Materials	14,250	$289,275.00	0.43%
Huron Consulting Group Inc.	HURN	447462102	Industrials	1,616	$287,971.20	0.43%
Innovative Industrial Properties, Inc.	IIPR	45781V101	Real Estate	5,799	$287,456.43	0.43%
Preferred Bank	PFBC	740367404	Financials	2,887	$286,505.88	0.43%
Bloom Energy Corporation (Class A)	BE	093712107	Industrials	3,114	$284,713.02	0.42%
CommScope Holding Company, Inc.	COMM	20337X109	Information Technology	15,571	$282,769.36	0.42%
Enact Holdings, Inc.	ACT	29249E109	Financials	6,998	$282,999.12	0.42%
ScanSource, Inc.	SCSC	806037107	Information Technology	7,195	$284,418.35	0.42%
Alpha Metallurgical Resources, Inc.	AMR	020764106	Materials	1,329	$277,415.46	0.41%
Chord Energy Corporation	CHRD	674215207	Energy	3,048	$276,697.44	0.41%
Garrett Motion Inc.	GTX	366505105	Consumer Discretionary	15,671	$272,988.82	0.41%
Penguin Solutions Inc.	PENG	706915105	Information Technology	13,482	$273,549.78	0.41%
Perdoceo Education Corporation	PRDO	71363P106	Consumer Discretionary	9,199	$273,486.27	0.41%
CRA International, Inc.	CRAI	12618T105	Industrials	1,276	$267,143.36	0.40%
National HealthCare Corporation	NHC	635906100	Health Care	1,920	$267,321.60	0.40%
OneSpan Inc.	OSPN	68287N100	Information Technology	21,135	$270,316.65	0.40%
PVH Corp.	PVH	693656100	Consumer Discretionary	3,956	$269,324.48	0.40%
G-III Apparel Group, Ltd.	GIII	36237H101	Consumer Discretionary	8,429	$254,977.25	0.38%
Guardant Health, Inc.	GH	40131M109	Health Care	2,520	$258,300.00	0.38%
Simulations Plus, Inc.	SLP	829214105	Health Care	13,078	$252,797.74	0.38%
Clear Secure, Inc. (Class A)	YOU	18467V109	Information Technology	6,843	$249,769.50	0.37%
Concentrix Corporation	CNXC	20602D101	Industrials	6,117	$245,964.57	0.37%
H&R Block, Inc.	HRB	093671105	Consumer Discretionary	5,706	$247,069.80	0.37%
Mirum Pharmaceuticals, Inc.	MIRM	604749101	Health Care	3,147	$251,917.35	0.37%
Mueller Industries, Inc.	MLI	624756102	Industrials	2,134	$250,488.92	0.37%
SPX Technologies	SPXC	78473E103	Industrials	1,185	$243,470.10	0.36%
Urban Outfitters, Inc.	URBN	917047102	Consumer Discretionary	3,111	$240,293.64	0.36%
USANA Health Sciences, Inc.	USNA	90328M107	Consumer Staples	12,290	$240,884.00	0.36%
Acadian Asset Management Inc.	AAMI	10948W103	Financials	4,852	$235,661.64	0.35%
Angi Inc. (Class A)	ANGI	00183L201	Communication Services	18,413	$235,686.40	0.35%
Corcept Therapeutics Inc.	CORT	218352102	Health Care	2,841	$232,933.59	0.35%
Essent Group Ltd.	ESNT	G3198U102	Financials	3,557	$234,086.17	0.35%
Globus Medical, Inc. (Class A)	GMED	379577208	Health Care	2,653	$235,506.81	0.35%
LiveRamp Holdings, Inc.	RAMP	53815P108	Information Technology	8,014	$237,534.96	0.35%
PHINIA Inc.	PHIN	71880K101	Consumer Discretionary	3,868	$236,373.48	0.35%
Sabra Health Care REIT, Inc.	SBRA	78573L106	Real Estate	12,800	$237,312.00	0.35%
Veracyte, Inc.	VCYT	92337F107	Health Care	5,546	$238,034.32	0.35%
Vicor Corporation	VICR	925815102	Industrials	2,152	$234,492.68	0.35%
Yext, Inc.	YEXT	98585N106	Information Technology	28,291	$232,269.11	0.35%
Bread Financial Holdings, Inc.	BFH	018581108	Financials	2,990	$229,063.90	0.34%
Hamilton Insurance Group, Ltd. (Class B)	HG	G42706104	Financials	8,152	$232,005.92	0.34%
Trustmark Corporation	TRMK	898402102	Financials	5,653	$228,098.55	0.34%
BrightSpring Health Services, Inc.	BTSG	10950A106	Health Care	5,877	$222,033.06	0.33%
HCI Group, Inc.	HCI	40416E103	Financials	1,121	$219,659.95	0.33%
Liquidia Technologies, Inc.	LQDA	53635D202	Health Care	6,331	$223,104.44	0.33%
Cavco Industries, Inc.	CVCO	149568107	Consumer Discretionary	358	$216,067.32	0.32%
Cushman & Wakefield Ltd.	CWK	G2717C106	Real Estate	13,043	$213,253.05	0.32%
Dave Inc. (Class A)	DAVE	23834J201	Financials	960	$212,179.20	0.32%
ExlService Holdings, Inc.	EXLS	302081104	Industrials	5,027	$217,769.64	0.32%
Innoviva, Inc.	INVA	45781M101	Health Care	11,084	$216,248.84	0.32%
Omnicell, Inc.	OMCL	68213N109	Health Care	4,684	$213,449.88	0.32%
PTC Therapeutics, Inc.	PTCT	69366J200	Health Care	2,812	$218,492.40	0.32%
Viavi Solutions Inc.	VIAV	925550105	Information Technology	11,802	$215,976.60	0.32%
FIGS, Inc. (Class A)	FIGS	30260D103	Consumer Discretionary	17,686	$209,225.38	0.31%
Grand Canyon Education, Inc.	LOPE	38526M106	Consumer Discretionary	1,227	$206,344.59	0.31%
NetScout Systems, Inc.	NTCT	64115T104	Information Technology	7,478	$207,888.40	0.31%
NMI Holdings, Inc. (Class A)	NMIH	629209305	Financials	5,051	$210,222.62	0.31%
The RealReal, Inc.	REAL	88339P101	Consumer Discretionary	13,546	$210,775.76	0.31%
Travere Therapeutics, Inc.	TVTX	89422G107	Health Care	5,928	$209,614.08	0.31%
Academy Sports and Outdoors, Inc.	ASO	00402L107	Consumer Discretionary	4,091	$204,795.46	0.30%
Brinker International, Inc.	EAT	109641100	Consumer Discretionary	1,360	$202,395.20	0.30%
Brookdale Senior Living Inc.	BKD	112463104	Health Care	18,066	$198,545.34	0.30%
Genco Shipping & Trading Limited	GNK	Y2685T131	Industrials	10,788	$200,333.16	0.30%
Home BancShares, Inc.	HOMB	436893200	Financials	7,107	$200,985.96	0.30%
Myers Industries, Inc.	MYE	628464109	Materials	10,429	$200,862.54	0.30%
Progyny, Inc.	PGNY	74340E103	Health Care	7,970	$203,792.90	0.30%
Turning Point Brands, Inc.	TPB	90041L105	Consumer Staples	1,881	$201,267.00	0.30%
Universal Insurance Holdings, Inc.	UVE	91359V107	Financials	5,756	$201,862.92	0.30%
ANI Pharmaceuticals, Inc.	ANIP	00182C103	Health Care	2,390	$192,944.70	0.29%
ASGN Incorporated	ASGN	00191U102	Information Technology	4,040	$197,636.80	0.29%
DHT Holdings, Inc.	DHT	Y2065G121	Energy	15,992	$193,503.20	0.29%
Heritage Financial Corporation	HFWA	42722X106	Financials	7,854	$193,051.32	0.29%
National Vision Holdings, Inc.	EYE	63845R107	Consumer Discretionary	7,033	$197,275.65	0.29%
S&T Bancorp, Inc.	STBA	783859101	Financials	4,718	$192,352.86	0.29%
Super Group (SGHC) Limited	SGHC	G8588X103	Consumer Discretionary	16,572	$198,366.84	0.29%
Supernus Pharmaceuticals, Inc.	SUPN	868459108	Health Care	3,830	$198,049.30	0.29%
Digi International Inc.	DGII	253798102	Information Technology	4,305	$189,549.15	0.28%
GRAIL, Inc.	GRAL	384747101	Health Care	2,073	$189,451.47	0.28%
HNI Corporation	HNI	404251100	Industrials	4,405	$185,935.05	0.28%
International Bancshares Corporation	IBOC	459044103	Financials	2,754	$189,585.36	0.28%
Nicolet Bankshares, Inc.	NIC	65406E102	Financials	1,518	$189,340.14	0.28%
Peoples Bancorp of North Carolina, Inc.	PEBK	710577107	Financials	5,027	$186,803.32	0.28%
PJT Partners Inc. (Class A)	PJT	69343T107	Financials	1,110	$190,575.90	0.28%
Sonos, Inc.	SONO	83570H108	Consumer Discretionary	10,465	$187,218.85	0.28%
ACI Worldwide, Inc.	ACIW	004498101	Information Technology	3,689	$179,617.41	0.27%
Adaptive Biotechnologies Corporation	ADPT	00650F109	Health Care	10,715	$179,476.25	0.27%
Costamare Inc.	CMRE	Y1771G102	Industrials	11,807	$184,897.62	0.27%
Hallador Energy Company	HNRG	40609P105	Utilities	9,432	$184,206.96	0.27%
Hub Group, Inc.	HUBG	443320106	Industrials	4,147	$182,177.71	0.27%
M/I Homes, Inc.	MHO	55305B101	Consumer Discretionary	1,411	$179,323.99	0.27%
Protagonist Therapeutics, Inc.	PTGX	74366E102	Health Care	2,076	$184,203.48	0.27%
The Bancorp, Inc.	TBBK	05969A105	Financials	2,562	$180,646.62	0.27%
The Buckle, Inc.	BKE	118440106	Consumer Discretionary	3,364	$182,497.00	0.27%
Alkermes Plc	ALKS	G01767105	Health Care	6,227	$177,407.23	0.26%
Caleres, Inc.	CAL	129500104	Consumer Discretionary	13,363	$171,981.81	0.26%
DXP Enterprises, Inc.	DXPE	233377407	Industrials	1,492	$172,311.08	0.26%
Emergent BioSolutions Inc.	EBS	29089Q105	Health Care	14,084	$176,613.36	0.26%
Federated Hermes, Inc. (Class B)	FHI	314211103	Financials	3,230	$174,452.30	0.26%
Herbalife Ltd.	HLF	G4412G101	Consumer Staples	12,560	$172,448.80	0.26%
SkyWest, Inc.	SKYW	830879102	Industrials	1,682	$172,152.70	0.26%
Stride, Inc.	LRN	86333M108	Consumer Discretionary	2,635	$172,460.75	0.26%
TG Therapeutics, Inc.	TGTX	88322Q108	Health Care	5,650	$173,624.50	0.26%
Xometry, Inc. (Class A)	XMTR	98423F109	Industrials	2,727	$172,591.83	0.26%
ConnectOne Bancorp, Inc.	CNOB	20786W107	Financials	6,351	$170,714.88	0.25%
Fidelis Insurance Holdings Limited	FIHL	G3398L118	Financials	8,687	$170,525.81	0.25%
First Financial Bancorp.	FFBC	320209109	Financials	6,468	$167,068.44	0.25%
Hawkins, Inc.	HWKN	420261109	Materials	1,132	$166,630.40	0.25%
Itron, Inc.	ITRI	465741106	Information Technology	1,790	$171,482.00	0.25%
Janus International Group, Inc.	JBI	47103N106	Industrials	25,468	$170,890.28	0.25%
Mueller Water Products, Inc.	MWA	624758108	Industrials	6,828	$169,470.96	0.25%
TriMas Corporation	TRS	896215209	Materials	4,725	$168,824.25	0.25%
WaFd Inc.	WAFD	938824109	Financials	5,125	$169,227.50	0.25%
ACM Research, Inc. (Class A)	ACMR	00108J109	Information Technology	4,034	$160,875.92	0.24%
Adtalem Global Education Inc.	ATGE	00737L103	Consumer Discretionary	1,529	$158,434.98	0.24%
AMC Networks Inc. (Class A)	AMCX	00164V103	Communication Services	16,371	$160,272.09	0.24%
Ardmore Shipping Corporation	ASC	Y0207T100	Energy	15,030	$160,971.30	0.24%
Crocs, Inc.	CROX	227046109	Consumer Discretionary	1,758	$158,184.84	0.24%
NETGEAR, Inc.	NTGR	64111Q104	Information Technology	6,568	$161,310.08	0.24%
The RMR Group Inc. (Class A)	RMR	74967R106	Real Estate	10,874	$163,327.48	0.24%
Tootsie Roll Industries, Inc.	TR	890516107	Consumer Staples	4,396	$164,190.60	0.24%
Tri Pointe Homes, Inc.	TPH	87265H109	Consumer Discretionary	5,016	$159,057.36	0.24%
Certara, Inc.	CERT	15687V109	Health Care	17,154	$153,871.38	0.23%
Commvault Systems, Inc.	CVLT	204166102	Information Technology	1,233	$156,430.71	0.23%
Dorman Products, Inc.	DORM	258278100	Consumer Discretionary	1,244	$156,209.08	0.23%
Euronet Worldwide, Inc.	EEFT	298736109	Financials	2,016	$157,953.60	0.23%
Gibraltar Industries, Inc.	ROCK	374689107	Industrials	3,162	$155,475.54	0.23%
Kforce Inc.	KFRC	493732101	Industrials	5,132	$156,269.40	0.23%
MasterBrand, Inc.	MBC	57638P104	Industrials	13,748	$153,565.16	0.23%
Pacira BioSciences, Inc.	PCRX	695127100	Health Care	6,082	$156,550.68	0.23%
Phreesia Inc.	PHR	71944F106	Health Care	9,084	$152,429.52	0.23%
Q2 Holdings, Inc.	QTWO	74736L109	Information Technology	2,131	$157,992.34	0.23%
Rayonier Inc.	RYN	754907103	Real Estate	6,987	$151,617.90	0.23%
Talos Energy Inc.	TALO	87484T108	Energy	13,920	$155,486.40	0.23%
TripAdvisor, Inc.	TRIP	896945201	Communication Services	10,954	$153,356.00	0.23%
American Eagle Outfitters, Inc.	AEO	02553E106	Consumer Discretionary	5,445	$144,837.00	0.22%
Aurinia Pharmaceuticals Inc.	AUPH	05156V102	Health Care	9,229	$149,602.09	0.22%
First BanCorp.	FBP	318672706	Financials	7,050	$150,306.00	0.22%
LivaNova Plc	LIVN	G5509L101	Health Care	2,307	$145,917.75	0.22%
SIGA Technologies, Inc.	SIGA	826917106	Health Care	23,636	$147,252.28	0.22%
The Bank of N.T. Butterfield & Son Limited	NTB	G0772R208	Financials	2,922	$148,466.82	0.22%
A10 Networks, Inc.	ATEN	002121101	Information Technology	8,030	$144,540.00	0.21%
Ennis, Inc.	EBF	293389102	Industrials	7,722	$139,613.76	0.21%
Hudson Technologies, Inc.	HDSN	444144109	Industrials	20,686	$143,767.70	0.21%
LeMaitre Vascular, Inc.	LMAT	525558201	Health Care	1,685	$141,489.45	0.21%
PagSeguro Digital Ltd. (Class A)	PAGS	G68707101	Financials	14,642	$142,759.50	0.21%
TaskUs, Inc. (Class A)	TASK	87652V109	Industrials	12,688	$144,389.44	0.21%
ADMA Biologics, Inc.	ADMA	000899104	Health Care	6,751	$131,576.99	0.20%
Apogee Enterprises, Inc.	APOG	037598109	Industrials	3,596	$134,850.00	0.20%
Astrana Health Inc.	ASTH	03763A207	Health Care	5,606	$137,010.64	0.20%
Barrett Business Services, Inc.	BBSI	068463108	Industrials	3,762	$136,410.12	0.20%
EverQuote, Inc. (Class A)	EVER	30041R108	Communication Services	4,949	$132,286.77	0.20%
Boise Cascade Company	BCC	09739D100	Industrials	1,789	$131,008.47	0.19%
Kelly Services, Inc.	KELYA	488152208	Industrials	15,216	$129,183.84	0.19%
SunCoke Energy, Inc.	SXC	86722A103	Materials	17,569	$125,442.66	0.19%
Vitesse Energy, Inc.	VTS	92852X103	Energy	6,494	$124,684.80	0.19%
Brady Corporation	BRC	104674106	Industrials	1,510	$121,177.50	0.18%
Ligand Pharmaceuticals Inc. (Class B)	LGND	53220K504	Health Care	616	$121,592.24	0.18%
Rush Street Interactive, Inc.	RSI	782011100	Consumer Discretionary	5,870	$112,997.50	0.17%
Avista Corporation	AVA	05379B107	Utilities	2,767	$106,280.47	0.16%
Cathay General Bancorp	CATY	149150104	Financials	2,087	$104,391.74	0.16%
Inspire Medical Systems, Inc.	INSP	457730109	Health Care	1,118	$106,187.64	0.16%
Medpace Holdings, Inc.	MEDP	58506Q109	Health Care	193	$109,952.10	0.16%
Radian Group Inc.	RDN	750236101	Financials	2,948	$108,221.08	0.16%
US Dollar	$USD		Other	107,991	$107,991.15	0.16%
MAXIMUS, Inc.	MMS	577933104	Industrials	1,166	$101,546.94	0.15%
Watts Water Technologies, Inc.	WTS	942749102	Industrials	361	$102,971.64	0.15%
Healthcare Services Group, Inc.	HCSG	421906108	Industrials	4,595	$89,970.10	0.13%
Helen of Troy Limited	HELE	G4388N106	Consumer Discretionary	3,986	$78,962.66	0.12%
Otter Tail Corporation	OTTR	689648103	Utilities	962	$79,518.92	0.12%
Adeia Inc.	ADEA	00676P107	Information Technology	4,450	$75,961.50	0.11%
Axogen, Inc.	AXGN	05463X106	Health Care	2,164	$71,065.76	0.11%
Central Pacific Financial Corp.	CPF	154760409	Financials	2,290	$73,531.90	0.11%
Cimpress Plc	CMPR	G2143T103	Industrials	1,031	$73,195.86	0.11%
Deluxe Corporation	DLX	248019101	Industrials	3,271	$72,518.07	0.11%
Guardian Pharmacy Services, Inc. (Class A)	GRDN	40145W101	Health Care	2,272	$71,022.72	0.11%
Hancock Whitney Corporation	HWC	410120109	Financials	1,165	$76,493.90	0.11%
Pagaya Technologies Ltd. (Class A)	PGY	M7S64L123	Information Technology	3,150	$71,064.00	0.11%
Power Solutions International, Inc.	PSIX	73933G202	Industrials	1,116	$74,816.64	0.11%
Sally Beauty Holdings, Inc.	SBH	79546E104	Consumer Discretionary	4,967	$74,703.68	0.11%
Sezzle Inc.	SEZL	78435P105	Financials	1,036	$75,229.14	0.11%
SITE Centers Corp.	SITC	82981J851	Real Estate	11,993	$76,275.48	0.11%
TriNet Group, Inc.	TNET	896288107	Industrials	1,229	$70,716.66	0.11%
Arteris, Inc.	AIP	04302A104	Information Technology	4,205	$67,952.80	0.10%
Fresh Del Monte Produce Inc.	FDP	G36738105	Consumer Staples	1,875	$67,293.75	0.10%
Taylor Morrison Home Corporation	TMHC	87724P106	Consumer Discretionary	1,149	$67,630.14	0.10%
Victory Capital Holdings, Inc. (Class A)	VCTR	92645B103	Financials	1,085	$70,166.95	0.10%
Yelp Inc.	YELP	985817105	Communication Services	2,268	$69,060.60	0.10%
Apple Hospitality REIT, Inc.	APLE	03784Y200	Real Estate	4,949	$58,992.08	0.09%
MillerKnoll Inc.	MLKN	600544100	Industrials	3,510	$63,355.50	0.09%
Pediatrix Medical Group Inc	MD	58502B106	Health Care	2,793	$59,965.71	0.09%
The Western Union Company	WU	959802109	Financials	6,514	$60,124.22	0.09%
Harrow, Inc.	HROW	415858109	Health Care	1,094	$53,770.10	0.08%
PC Connection, Inc.	CNXN	69318J100	Information Technology	949	$55,972.02	0.08%
The Hackett Group, Inc.	HCKT	404609109	Information Technology	2,724	$54,125.88	0.08%
ThredUp Inc. (Class A)	TDUP	88556E102	Consumer Discretionary	8,187	$52,724.28	0.08%
acuity	AYI	00508Y102	Industrials	130	$48,274.20	0.07%
Hims & Hers Health, Inc.	HIMS	433000106	Health Care	1,345	$46,806.00	0.07%
Zurn Elkay Water Solutions Corp.	ZWS	98983L108	Industrials	958	$45,782.82	0.07%
CarGurus, Inc.	CARG	141788109	Communication Services	1,044	$40,747.32	0.06%
EnerSys	ENS	29275Y102	Industrials	250	$37,455.00	0.06%
FirstCash Holdings, Inc.	FCFS	33768G107	Financials	248	$40,235.52	0.06%
Graham Holdings Company	GHC	384637104	Consumer Discretionary	38	$42,192.54	0.06%
Kennametal Inc.	KMT	489170100	Industrials	1,277	$37,313.94	0.06%
Kontoor Brands, Inc.	KTB	50050N103	Consumer Discretionary	667	$41,527.42	0.06%
MDU Resources Group, Inc.	MDU	552690109	Utilities	2,123	$41,504.65	0.06%
Murphy Oil Corporation	MUR	626717102	Energy	1,199	$37,600.64	0.06%
OUTFRONT Media Inc.	OUT	69007J304	Real Estate	1,721	$41,166.32	0.06%
SI-BONE, Inc.	SIBN	825704109	Health Care	1,878	$38,292.42	0.06%
ACADIA Pharmaceuticals Inc.	ACAD	004225108	Health Care	1,255	$34,926.65	0.05%
Artisan Partners Asset Management Inc. (Class A)	APAM	04316A108	Financials	827	$34,419.74	0.05%
Bath & Body Works, Inc.	BBWI	070830104	Consumer Discretionary	1,609	$30,973.25	0.05%
CompoSecure, Inc. (Class A)	CMPO	20459V105	Information Technology	1,610	$31,217.90	0.05%
Envista Holdings Corporation	NVST	29415F104	Health Care	1,484	$32,455.08	0.05%
ePlus inc.	PLUS	294268107	Information Technology	396	$35,327.16	0.05%
First Hawaiian, Inc.	FHB	32051X108	Financials	1,349	$35,451.72	0.05%
Magnolia Oil & Gas Corporation (Class A)	MGY	559663109	Energy	1,409	$30,843.01	0.05%
Main Street Capital Corporation	MAIN	56035L104	Financials	571	$33,666.16	0.05%
Prestige Consumer Healthcare Inc.	PBH	74112D101	Health Care	506	$31,528.86	0.05%
Science Applications International Corporation	SAIC	808625107	Industrials	347	$35,623.02	0.05%
Spectrum Brands Holdings, Inc.	SPB	84790A105	Consumer Staples	521	$31,093.28	0.05%
Addus HomeCare Corporation	ADUS	006739106	Health Care	248	$27,438.72	0.04%
Avnet, Inc.	AVT	053807103	Information Technology	552	$27,103.20	0.04%
Carter's, Inc.	CRI	146229109	Consumer Discretionary	878	$27,823.82	0.04%
CONMED Corporation	CNMD	207410101	Health Care	681	$26,994.84	0.04%
Dorian LPG Ltd.	LPG	Y2106R110	Energy	1,228	$29,447.44	0.04%
Embecta Corp.	EMBC	29082K105	Health Care	2,437	$29,049.04	0.04%
IDT Corporation (Class B)	IDT	448947507	Communication Services	553	$28,457.38	0.04%
Korn Ferry	KFY	500643200	Industrials	451	$30,000.52	0.04%
Park Hotels & Resorts Inc.	PK	700517105	Real Estate	2,683	$28,681.27	0.04%
RingCentral, Inc. (Class A)	RNG	76680R206	Information Technology	1,015	$29,678.60	0.04%
Hyster-Yale, Inc.	HY	449172105	Industrials	680	$21,086.80	0.03%
ManpowerGroup Inc.	MAN	56418H100	Industrials	666	$19,333.98	0.03%
DXC Technology Company	DXC	23355L106	Information Technology	324	$4,869.72	0.01%
Mercury General Corporation	MCY	589400100	Financials	43	$4,081.99	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.