First Trust Active Factor Small Cap ETF (AFSM)

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Holdings

Holdings of the Fund as of 12/5/2025

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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	7,984	$588,740.16	1.11%
Perimeter Solutions, Inc.	PRM	71385M107	Materials	19,818	$567,785.70	1.07%
Cal-Maine Foods, Inc.	CALM	128030202	Consumer Staples	6,140	$520,119.40	0.98%
Credo Technology Group Holding Ltd	CRDO	G25457105	Information Technology	2,847	$501,185.88	0.95%
American Healthcare REIT, Inc.	AHR	398182303	Real Estate	9,857	$493,934.27	0.93%
Comfort Systems USA, Inc.	FIX	199908104	Industrials	487	$487,720.76	0.92%
GigaCloud Technology Inc (Class A)	GCT	G38644103	Consumer Discretionary	11,263	$451,195.78	0.85%
Halozyme Therapeutics, Inc.	HALO	40637H109	Health Care	6,823	$432,100.59	0.82%
InterDigital, Inc.	IDCC	45867G101	Information Technology	1,214	$431,188.52	0.81%
Interface, Inc.	TILE	458665304	Industrials	15,799	$431,628.68	0.81%
Caledonia Mining Corporation Plc	CMCL	G1757E113	Materials	16,073	$388,484.41	0.73%
GeneDx Holdings Corp.	WGS	81663L200	Health Care	2,387	$379,437.52	0.72%
Macy's, Inc.	M	55616P104	Consumer Discretionary	16,699	$381,572.15	0.72%
Rambus Inc.	RMBS	750917106	Information Technology	3,578	$363,524.80	0.69%
Tactile Systems Technology, Inc.	TCMD	87357P100	Health Care	13,004	$362,941.64	0.69%
iRhythm Technologies, Inc.	IRTC	450056106	Health Care	1,953	$348,356.61	0.66%
Arcutis Biotherapeutics, Inc.	ARQT	03969K108	Health Care	11,099	$346,288.80	0.65%
Laureate Education, Inc. (Class A)	LAUR	518613203	Consumer Discretionary	11,097	$344,450.88	0.65%
Indivior Plc	INDV	G4766E116	Health Care	9,616	$337,713.92	0.64%
Bel Fuse Inc. (Class B)	BELFB	077347300	Information Technology	2,006	$332,996.00	0.63%
MGIC Investment Corporation	MTG	552848103	Financials	11,690	$327,203.10	0.62%
Carpenter Technology Corporation	CRS	144285103	Industrials	1,055	$324,011.60	0.61%
Peabody Energy Corporation	BTU	704551100	Energy	11,054	$320,787.08	0.61%
Ames National Corporation	ATLO	031001100	Financials	14,423	$318,459.84	0.60%
National Health Investors, Inc.	NHI	63633D104	Real Estate	4,030	$315,992.30	0.60%
SiriusPoint Ltd.	SPNT	G8192H106	Financials	14,730	$316,547.70	0.60%
Calix, Inc.	CALX	13100M509	Information Technology	5,625	$304,706.25	0.58%
Catalyst Pharmaceuticals, Inc.	CPRX	14888U101	Health Care	13,111	$308,501.83	0.58%
Kiniksa Pharmaceuticals International, Plc (Class A)	KNSA	G52694109	Health Care	7,419	$309,149.73	0.58%
Tutor Perini Corporation	TPC	901109108	Industrials	4,556	$308,987.92	0.58%
Axcelis Technologies, Inc.	ACLS	054540208	Information Technology	3,345	$303,792.90	0.57%
Bank First Corporation	BFC	06211J100	Financials	2,324	$301,794.64	0.57%
Par Pacific Holdings, Inc.	PARR	69888T207	Energy	6,939	$303,234.30	0.57%
Red Violet, Inc.	RDVT	75704L104	Information Technology	5,646	$301,835.16	0.57%
Scorpio Tankers Inc.	STNG	Y7542C130	Energy	5,384	$300,911.76	0.57%
Bloom Energy Corporation (Class A)	BE	093712107	Industrials	2,490	$296,758.20	0.56%
First Financial Corporation	THFF	320218100	Financials	4,942	$298,595.64	0.56%
nLight, Inc.	LASR	65487K100	Information Technology	8,069	$294,034.36	0.56%
Willdan Group, Inc.	WLDN	96924N100	Industrials	2,825	$294,647.50	0.56%
EMCOR Group, Inc.	EME	29084Q100	Industrials	466	$290,606.92	0.55%
Life360, Inc.	LIF	532206109	Information Technology	3,655	$285,090.00	0.54%
Photronics, Inc.	PLAB	719405102	Information Technology	11,743	$283,593.45	0.54%
Rigel Pharmaceuticals, Inc.	RIGL	766559702	Health Care	5,866	$286,964.72	0.54%
Sensient Technologies Corporation	SXT	81725T100	Materials	3,094	$285,854.66	0.54%
Applied Industrial Technologies, Inc.	AIT	03820C105	Industrials	1,089	$280,863.99	0.53%
City Holding Company	CHCO	177835105	Financials	2,318	$283,329.14	0.53%
Resolute Holdings Management, Inc.	RHLD	76134H101	Industrials	1,442	$282,732.94	0.53%
Harmony Biosciences Holdings, Inc.	HRMY	413197104	Health Care	6,864	$273,393.12	0.52%
Matson, Inc.	MATX	57686G105	Industrials	2,360	$274,680.40	0.52%
Seneca Foods Corporation	SENEA	817070501	Consumer Staples	2,464	$277,372.48	0.52%
Teekay Tankers Ltd. (Class A)	TNK	G8726X106	Energy	4,966	$274,172.86	0.52%
Kohl's Corporation	KSS	500255104	Consumer Discretionary	11,770	$271,298.50	0.51%
IES Holdings, Inc.	IESC	44951W106	Industrials	621	$266,173.02	0.50%
Metropolitan Bank Holding Corp.	MCB	591774104	Financials	3,420	$265,015.80	0.50%
OFG Bancorp	OFG	67103X102	Financials	6,499	$263,014.53	0.50%
Teradata Corporation	TDC	88076W103	Information Technology	8,910	$266,052.60	0.50%
Abercrombie & Fitch Co. (Class A)	ANF	002896207	Consumer Discretionary	2,739	$259,848.93	0.49%
Blue Bird Corporation	BLBD	095306106	Industrials	5,062	$259,528.74	0.49%
Cars.com Inc.	CARS	14575E105	Communication Services	21,220	$256,974.20	0.49%
Daktronics, Inc.	DAKT	234264109	Information Technology	14,961	$261,967.11	0.49%
Heritage Insurance Holdings, Inc.	HRTG	42727J102	Financials	9,632	$257,463.36	0.49%
CorMedix Inc.	CRMD	21900C308	Health Care	24,015	$253,598.40	0.48%
Signet Jewelers Limited	SIG	G81276100	Consumer Discretionary	3,088	$256,304.00	0.48%
Ziff Davis, Inc.	ZD	48123V102	Communication Services	7,292	$256,824.24	0.48%
EPR Properties	EPR	26884U109	Real Estate	4,822	$249,008.08	0.47%
PVH Corp.	PVH	693656100	Consumer Discretionary	3,164	$248,342.36	0.47%
Sterling Infrastructure, Inc.	STRL	859241101	Industrials	763	$248,051.30	0.47%
Sylvamo Corporation	SLVM	871332102	Materials	5,078	$247,450.94	0.47%
DNOW Inc.	DNOW	67011P100	Industrials	17,453	$243,469.35	0.46%
Harmonic Inc.	HLIT	413160102	Information Technology	25,238	$244,556.22	0.46%
Sanmina Corporation	SANM	801056102	Information Technology	1,531	$242,035.79	0.46%
Tarsus Pharmaceuticals, Inc.	TARS	87650L103	Health Care	2,984	$244,001.68	0.46%
Amalgamated Financial Corp.	AMAL	022671101	Financials	7,781	$240,821.95	0.45%
Atkore Inc.	ATKR	047649108	Industrials	3,758	$239,910.72	0.45%
Chord Energy Corporation	CHRD	674215207	Energy	2,440	$238,266.00	0.45%
CommScope Holding Company, Inc.	COMM	20337X109	Information Technology	12,459	$238,839.03	0.45%
InMode Ltd.	INMD	M5425M103	Health Care	16,534	$238,420.28	0.45%
Lantheus Holdings, Inc.	LNTH	516544103	Health Care	3,772	$238,767.60	0.45%
Sun Country Airlines Holdings, Inc.	SNCY	866683105	Industrials	16,683	$238,900.56	0.45%
Virtus Investment Partners, Inc.	VRTS	92828Q109	Financials	1,471	$237,993.09	0.45%
Innovative Industrial Properties, Inc.	IIPR	45781V101	Real Estate	4,639	$232,599.46	0.44%
Northeast Community Bancorp, Inc.	NECB	664121100	Financials	10,714	$234,958.02	0.44%
Nu Skin Enterprises, Inc. (Class A)	NUS	67018T105	Consumer Staples	23,500	$234,530.00	0.44%
Penguin Solutions Inc.	PENG	706915105	Information Technology	10,786	$232,761.88	0.44%
ScanSource, Inc.	SCSC	806037107	Information Technology	5,755	$235,667.25	0.44%
Theravance Biopharma, Inc.	TBPH	G8807B106	Health Care	12,668	$234,991.40	0.44%
Mitek Systems, Inc.	MITK	606710200	Information Technology	24,678	$229,505.40	0.43%
Astronics Corporation	ATRO	046433108	Industrials	4,309	$220,362.26	0.42%
Huron Consulting Group Inc.	HURN	447462102	Industrials	1,296	$221,402.22	0.42%
Preferred Bank	PFBC	740367404	Financials	2,311	$217,441.99	0.41%
Enact Holdings, Inc.	ACT	29249E109	Financials	5,598	$212,668.02	0.40%
Angi Inc. (Class A)	ANGI	00183L201	Communication Services	14,733	$204,936.03	0.39%
Garrett Motion Inc.	GTX	366505105	Consumer Discretionary	12,535	$207,704.95	0.39%
G-III Apparel Group, Ltd.	GIII	36237H101	Consumer Discretionary	6,741	$204,791.58	0.39%
Guardant Health, Inc.	GH	40131M109	Health Care	2,016	$205,672.32	0.39%
National HealthCare Corporation	NHC	635906100	Health Care	1,536	$206,945.28	0.39%
OneSpan Inc.	OSPN	68287N100	Information Technology	16,911	$206,652.42	0.39%
Perdoceo Education Corporation	PRDO	71363P106	Consumer Discretionary	7,359	$207,818.16	0.39%
Simulations Plus, Inc.	SLP	829214105	Health Care	10,462	$205,473.68	0.39%
Yext, Inc.	YEXT	98585N106	Information Technology	22,635	$200,772.45	0.38%
Corcept Therapeutics Inc.	CORT	218352102	Health Care	2,273	$195,716.68	0.37%
Globus Medical, Inc. (Class A)	GMED	379577208	Health Care	2,125	$193,587.50	0.37%
Hecla Mining Company	HL	422704106	Materials	11,402	$193,491.94	0.37%
Mueller Industries, Inc.	MLI	624756102	Industrials	1,710	$194,067.90	0.37%
Sabra Health Care REIT, Inc.	SBRA	78573L106	Real Estate	10,240	$197,427.20	0.37%
SPX Technologies	SPXC	78473E103	Industrials	945	$197,193.15	0.37%
USANA Health Sciences, Inc.	USNA	90328M107	Consumer Staples	9,834	$195,401.58	0.37%
Veracyte, Inc.	VCYT	92337F107	Health Care	4,434	$197,800.74	0.37%
Alpha Metallurgical Resources, Inc.	AMR	020764106	Materials	1,065	$190,698.90	0.36%
CRA International, Inc.	CRAI	12618T105	Industrials	1,020	$193,096.20	0.36%
H&R Block, Inc.	HRB	093671105	Consumer Discretionary	4,562	$192,105.82	0.36%
LiveRamp Holdings, Inc.	RAMP	53815P108	Information Technology	6,414	$188,892.30	0.36%
Urban Outfitters, Inc.	URBN	917047102	Consumer Discretionary	2,487	$188,241.03	0.36%
Clear Secure, Inc. (Class A)	YOU	18467V109	Information Technology	5,475	$183,412.50	0.35%
Concentrix Corporation	CNXC	20602D101	Industrials	4,893	$184,025.73	0.35%
Innoviva, Inc.	INVA	45781M101	Health Care	8,868	$183,922.32	0.35%
Acadian Asset Management Inc.	AAMI	10948W103	Financials	3,884	$181,693.52	0.34%
Trustmark Corporation	TRMK	898402102	Financials	4,525	$177,515.75	0.34%
Bread Financial Holdings, Inc.	BFH	018581108	Financials	2,390	$172,581.90	0.33%
Essent Group Ltd.	ESNT	G3198U102	Financials	2,845	$175,963.25	0.33%
Hamilton Insurance Group, Ltd. (Class B)	HG	G42706104	Financials	6,520	$172,780.00	0.33%
Liquidia Technologies, Inc.	LQDA	53635D202	Health Care	5,067	$174,355.47	0.33%
Mirum Pharmaceuticals, Inc.	MIRM	604749101	Health Care	2,515	$172,227.20	0.33%
PTC Therapeutics, Inc.	PTCT	69366J200	Health Care	2,252	$173,978.26	0.33%
Viavi Solutions Inc.	VIAV	925550105	Information Technology	9,442	$172,977.44	0.33%
BrightSpring Health Services, Inc.	BTSG	10950A106	Health Care	4,701	$168,248.79	0.32%
GRAIL, Inc.	GRAL	384747101	Health Care	1,657	$167,323.86	0.32%
PHINIA Inc.	PHIN	71880K101	Consumer Discretionary	3,092	$168,235.72	0.32%
Academy Sports and Outdoors, Inc.	ASO	00402L107	Consumer Discretionary	3,275	$164,503.25	0.31%
Cavco Industries, Inc.	CVCO	149568107	Consumer Discretionary	286	$165,491.04	0.31%
Cushman & Wakefield Ltd.	CWK	G2717C106	Real Estate	10,435	$164,559.95	0.31%
DHT Holdings, Inc.	DHT	Y2065G121	Energy	12,792	$163,225.92	0.31%
ExlService Holdings, Inc.	EXLS	302081104	Industrials	4,019	$163,653.68	0.31%
FIGS, Inc. (Class A)	FIGS	30260D103	Consumer Discretionary	14,150	$161,734.50	0.31%
Genco Shipping & Trading Limited	GNK	Y2685T131	Industrials	8,628	$166,692.96	0.31%
National Vision Holdings, Inc.	EYE	63845R107	Consumer Discretionary	5,625	$164,700.00	0.31%
Travere Therapeutics, Inc.	TVTX	89422G107	Health Care	4,744	$166,040.00	0.31%
US Dollar	$USD		Other	162,525	$162,524.91	0.31%
Vicor Corporation	VICR	925815102	Industrials	1,720	$166,547.60	0.31%
Dave Inc. (Class A)	DAVE	23834J201	Financials	768	$158,983.68	0.30%
Home BancShares, Inc.	HOMB	436893200	Financials	5,683	$161,340.37	0.30%
NetScout Systems, Inc.	NTCT	64115T104	Information Technology	5,982	$160,915.80	0.30%
Nicolet Bankshares, Inc.	NIC	65406E102	Financials	1,214	$157,443.66	0.30%
Sonos, Inc.	SONO	83570H108	Consumer Discretionary	8,369	$160,266.35	0.30%
ANI Pharmaceuticals, Inc.	ANIP	00182C103	Health Care	1,910	$156,180.70	0.29%
Brinker International, Inc.	EAT	109641100	Consumer Discretionary	1,088	$152,809.60	0.29%
Brookdale Senior Living Inc.	BKD	112463104	Health Care	14,450	$155,771.00	0.29%
Costamare Inc.	CMRE	Y1771G102	Industrials	9,447	$152,380.11	0.29%
Digi International Inc.	DGII	253798102	Information Technology	3,441	$155,154.69	0.29%
HCI Group, Inc.	HCI	40416E103	Financials	897	$152,642.49	0.29%
Heritage Financial Corporation	HFWA	42722X106	Financials	6,286	$151,744.04	0.29%
International Bancshares Corporation	IBOC	459044103	Financials	2,202	$152,554.56	0.29%
M/I Homes, Inc.	MHO	55305B101	Consumer Discretionary	1,131	$151,078.98	0.29%
Myers Industries, Inc.	MYE	628464109	Materials	8,341	$153,891.45	0.29%
NMI Holdings, Inc. (Class A)	NMIH	629209305	Financials	4,043	$151,895.51	0.29%
Omnicell, Inc.	OMCL	68213N109	Health Care	3,748	$151,775.26	0.29%
PJT Partners Inc. (Class A)	PJT	69343T107	Financials	886	$155,971.44	0.29%
Progyny, Inc.	PGNY	74340E103	Health Care	6,378	$153,199.56	0.29%
S&T Bancorp, Inc.	STBA	783859101	Financials	3,774	$151,412.88	0.29%
The RealReal, Inc.	REAL	88339P101	Consumer Discretionary	10,834	$151,459.32	0.29%
Turning Point Brands, Inc.	TPB	90041L105	Consumer Staples	1,505	$151,764.20	0.29%
Alkermes Plc	ALKS	G01767105	Health Care	4,979	$146,980.08	0.28%
ASGN Incorporated	ASGN	00191U102	Information Technology	3,232	$146,894.40	0.28%
Grand Canyon Education, Inc.	LOPE	38526M106	Consumer Discretionary	979	$150,168.81	0.28%
Hallador Energy Company	HNRG	40609P105	Utilities	7,544	$150,502.80	0.28%
Phreesia Inc.	PHR	71944F106	Health Care	7,268	$147,467.72	0.28%
Protagonist Therapeutics, Inc.	PTGX	74366E102	Health Care	1,660	$148,819.00	0.28%
Super Group (SGHC) Limited	SGHC	G8588X103	Consumer Discretionary	13,260	$148,909.80	0.28%
The Buckle, Inc.	BKE	118440106	Consumer Discretionary	2,692	$150,294.36	0.28%
Ardmore Shipping Corporation	ASC	Y0207T100	Energy	12,022	$142,220.26	0.27%
Caleres, Inc.	CAL	129500104	Consumer Discretionary	10,691	$142,511.03	0.27%
HNI Corporation	HNI	404251100	Industrials	3,525	$144,243.00	0.27%
Hycroft Mining Holding Corporation	HYMC	44862P208	Materials	12,586	$144,109.70	0.27%
Universal Insurance Holdings, Inc.	UVE	91359V107	Financials	4,604	$143,322.52	0.27%
ACI Worldwide, Inc.	ACIW	004498101	Information Technology	2,953	$135,572.23	0.26%
Hub Group, Inc.	HUBG	443320106	Industrials	3,315	$136,843.20	0.26%
Itron, Inc.	ITRI	465741106	Information Technology	1,430	$139,954.10	0.26%
NETGEAR, Inc.	NTGR	64111Q104	Information Technology	5,256	$139,914.72	0.26%
Peoples Bancorp of North Carolina, Inc.	PEBK	710577107	Financials	4,019	$135,279.54	0.26%
SkyWest, Inc.	SKYW	830879102	Industrials	1,346	$139,176.40	0.26%
Supernus Pharmaceuticals, Inc.	SUPN	868459108	Health Care	3,062	$139,872.16	0.26%
TG Therapeutics, Inc.	TGTX	88322Q108	Health Care	4,522	$139,096.72	0.26%
The Bancorp, Inc.	TBBK	05969A105	Financials	2,050	$135,279.50	0.26%
The RMR Group Inc. (Class A)	RMR	74967R106	Real Estate	8,698	$135,601.82	0.26%
ConnectOne Bancorp, Inc.	CNOB	20786W107	Financials	5,079	$132,968.22	0.25%
Emergent BioSolutions Inc.	EBS	29089Q105	Health Care	11,268	$134,089.20	0.25%
Federated Hermes, Inc. (Class B)	FHI	314211103	Financials	2,582	$131,294.70	0.25%
First Financial Bancorp.	FFBC	320209109	Financials	5,172	$133,230.72	0.25%
Mueller Water Products, Inc.	MWA	624758108	Industrials	5,460	$134,152.20	0.25%
Stride, Inc.	LRN	86333M108	Consumer Discretionary	2,107	$132,066.76	0.25%
Talos Energy Inc.	TALO	87484T108	Energy	11,136	$131,961.60	0.25%
Tootsie Roll Industries, Inc.	TR	890516107	Consumer Staples	3,516	$132,166.44	0.25%
Tri Pointe Homes, Inc.	TPH	87265H109	Consumer Discretionary	4,016	$134,776.96	0.25%
TripAdvisor, Inc.	TRIP	896945201	Communication Services	8,762	$134,233.84	0.25%
WaFd Inc.	WAFD	938824109	Financials	4,101	$131,806.14	0.25%
Xometry, Inc. (Class A)	XMTR	98423F109	Industrials	2,183	$130,521.57	0.25%
Adaptive Biotechnologies Corporation	ADPT	00650F109	Health Care	8,571	$126,422.25	0.24%
Certara, Inc.	CERT	15687V109	Health Care	13,722	$126,516.84	0.24%
Crocs, Inc.	CROX	227046109	Consumer Discretionary	1,406	$126,118.20	0.24%
Dorman Products, Inc.	DORM	258278100	Consumer Discretionary	996	$126,123.48	0.24%
Fidelis Insurance Holdings Limited	FIHL	G3398L118	Financials	6,951	$125,743.59	0.24%
Gibraltar Industries, Inc.	ROCK	374689107	Industrials	2,530	$124,779.60	0.24%
Hawkins, Inc.	HWKN	420261109	Materials	908	$124,741.04	0.24%
Janus International Group, Inc.	JBI	47103N106	Industrials	20,372	$124,676.64	0.24%
Q2 Holdings, Inc.	QTWO	74736L109	Information Technology	1,707	$125,498.64	0.24%
TaskUs, Inc. (Class A)	TASK	87652V109	Industrials	10,152	$125,478.72	0.24%
TriMas Corporation	TRS	896215209	Materials	3,781	$126,587.88	0.24%
Euronet Worldwide, Inc.	EEFT	298736109	Financials	1,616	$120,796.00	0.23%
Herbalife Ltd.	HLF	G4412G101	Consumer Staples	10,048	$122,585.60	0.23%
Hudson Technologies, Inc.	HDSN	444144109	Industrials	16,550	$120,980.50	0.23%
Inspire Medical Systems, Inc.	INSP	457730109	Health Care	894	$122,308.14	0.23%
Kforce Inc.	KFRC	493732101	Industrials	4,108	$122,664.88	0.23%
MasterBrand, Inc.	MBC	57638P104	Industrials	10,996	$122,495.44	0.23%
Rayonier Inc.	RYN	754907103	Real Estate	5,587	$120,176.37	0.23%
A10 Networks, Inc.	ATEN	002121101	Information Technology	6,422	$114,118.94	0.22%
Adtalem Global Education Inc.	ATGE	00737L103	Consumer Discretionary	1,225	$115,811.50	0.22%
AMC Networks Inc. (Class A)	AMCX	00164V103	Communication Services	13,099	$117,891.00	0.22%
Aurinia Pharmaceuticals Inc.	AUPH	05156V102	Health Care	7,381	$115,291.22	0.22%
Commvault Systems, Inc.	CVLT	204166102	Information Technology	985	$119,175.15	0.22%
DXP Enterprises, Inc.	DXPE	233377407	Industrials	1,196	$114,505.04	0.22%
LeMaitre Vascular, Inc.	LMAT	525558201	Health Care	1,349	$114,030.97	0.22%
LivaNova Plc	LIVN	G5509L101	Health Care	1,843	$116,772.48	0.22%
Pacira BioSciences, Inc.	PCRX	695127100	Health Care	4,866	$116,735.34	0.22%
PagSeguro Digital Ltd. (Class A)	PAGS	G68707101	Financials	11,714	$114,797.20	0.22%
SIGA Technologies, Inc.	SIGA	826917106	Health Care	18,908	$117,229.60	0.22%
The Bank of N.T. Butterfield & Son Limited	NTB	G0772R208	Financials	2,338	$114,725.66	0.22%
ACM Research, Inc. (Class A)	ACMR	00108J109	Information Technology	3,226	$113,232.60	0.21%
Ennis, Inc.	EBF	293389102	Industrials	6,178	$109,906.62	0.21%
EverQuote, Inc. (Class A)	EVER	30041R108	Communication Services	3,957	$110,004.60	0.21%
First BanCorp.	FBP	318672706	Financials	5,642	$113,347.78	0.21%
Vitesse Energy, Inc.	VTS	92852X103	Energy	5,198	$111,912.94	0.21%
ADMA Biologics, Inc.	ADMA	000899104	Health Care	5,399	$107,170.15	0.20%
Apogee Enterprises, Inc.	APOG	037598109	Industrials	2,876	$108,281.40	0.20%
Barrett Business Services, Inc.	BBSI	068463108	Industrials	3,010	$103,935.30	0.20%
Boise Cascade Company	BCC	09739D100	Industrials	1,429	$104,388.45	0.20%
Kelly Services, Inc.	KELYA	488152208	Industrials	12,176	$103,496.00	0.20%
American Eagle Outfitters, Inc.	AEO	02553E106	Consumer Discretionary	4,357	$100,603.13	0.19%
Astrana Health Inc.	ASTH	03763A207	Health Care	4,486	$99,006.02	0.19%
Brady Corporation	BRC	104674106	Industrials	1,206	$93,875.04	0.18%
SunCoke Energy, Inc.	SXC	86722A103	Materials	14,057	$95,587.60	0.18%
Ligand Pharmaceuticals Inc. (Class B)	LGND	53220K504	Health Care	496	$91,695.52	0.17%
Avista Corporation	AVA	05379B107	Utilities	2,215	$85,742.65	0.16%
Cathay General Bancorp	CATY	149150104	Financials	1,671	$83,316.06	0.16%
Medpace Holdings, Inc.	MEDP	58506Q109	Health Care	153	$83,862.36	0.16%
Rush Street Interactive, Inc.	RSI	782011100	Consumer Discretionary	4,694	$86,275.72	0.16%
MAXIMUS, Inc.	MMS	577933104	Industrials	934	$79,081.78	0.15%
Radian Group Inc.	RDN	750236101	Financials	2,356	$81,823.88	0.15%
Watts Water Technologies, Inc.	WTS	942749102	Industrials	289	$78,798.74	0.15%
Healthcare Services Group, Inc.	HCSG	421906108	Industrials	3,675	$69,384.00	0.13%
SITE Centers Corp.	SITC	82981J851	Real Estate	9,593	$70,028.90	0.13%
Helen of Troy Limited	HELE	G4388N106	Consumer Discretionary	3,186	$66,013.92	0.12%
Otter Tail Corporation	OTTR	689648103	Utilities	770	$63,240.10	0.12%
Pagaya Technologies Ltd. (Class A)	PGY	M7S64L123	Information Technology	2,518	$62,521.94	0.12%
Sally Beauty Holdings, Inc.	SBH	79546E104	Consumer Discretionary	3,975	$62,129.25	0.12%
Arteris, Inc.	AIP	04302A104	Information Technology	3,365	$59,055.75	0.11%
Axogen, Inc.	AXGN	05463X106	Health Care	1,732	$57,710.24	0.11%
Central Pacific Financial Corp.	CPF	154760409	Financials	1,834	$56,065.38	0.11%
Cimpress Plc	CMPR	G2143T103	Industrials	823	$57,996.81	0.11%
Fresh Del Monte Produce Inc.	FDP	G36738105	Consumer Staples	1,499	$55,672.86	0.11%
Hancock Whitney Corporation	HWC	410120109	Financials	933	$59,040.24	0.11%
Sezzle Inc.	SEZL	78435P105	Financials	828	$56,626.92	0.11%
Taylor Morrison Home Corporation	TMHC	87724P106	Consumer Discretionary	917	$57,257.48	0.11%
ThredUp Inc. (Class A)	TDUP	88556E102	Consumer Discretionary	6,547	$57,089.84	0.11%
TriNet Group, Inc.	TNET	896288107	Industrials	981	$55,907.19	0.11%
Deluxe Corporation	DLX	248019101	Industrials	2,615	$54,627.35	0.10%
Guardian Pharmacy Services, Inc. (Class A)	GRDN	40145W101	Health Care	1,816	$54,044.16	0.10%
Power Solutions International, Inc.	PSIX	73933G202	Industrials	892	$53,100.76	0.10%
Victory Capital Holdings, Inc. (Class A)	VCTR	92645B103	Financials	869	$55,311.85	0.10%
Yelp Inc.	YELP	985817105	Communication Services	1,812	$53,780.16	0.10%
Apple Hospitality REIT, Inc.	APLE	03784Y200	Real Estate	3,957	$46,059.48	0.09%
Pediatrix Medical Group Inc	MD	58502B106	Health Care	2,233	$49,393.96	0.09%
The Western Union Company	WU	959802109	Financials	5,210	$47,098.40	0.09%
Adeia Inc.	ADEA	00676P107	Information Technology	3,562	$44,560.62	0.08%
Harrow, Inc.	HROW	415858109	Health Care	878	$40,168.50	0.08%
Hims & Hers Health, Inc.	HIMS	433000106	Health Care	1,073	$42,061.60	0.08%
Kontoor Brands, Inc.	KTB	50050N103	Consumer Discretionary	531	$40,462.20	0.08%
MillerKnoll Inc.	MLKN	600544100	Industrials	2,806	$44,222.56	0.08%
PC Connection, Inc.	CNXN	69318J100	Information Technology	757	$44,102.82	0.08%
The Hackett Group, Inc.	HCKT	404609109	Information Technology	2,180	$42,357.40	0.08%
acuity	AYI	00508Y102	Industrials	106	$39,430.94	0.07%
Zurn Elkay Water Solutions Corp.	ZWS	98983L108	Industrials	766	$35,894.76	0.07%
CarGurus, Inc.	CARG	141788109	Communication Services	836	$29,962.24	0.06%
EnerSys	ENS	29275Y102	Industrials	202	$29,825.30	0.06%
FirstCash Holdings, Inc.	FCFS	33768G107	Financials	200	$30,786.00	0.06%
Graham Holdings Company	GHC	384637104	Consumer Discretionary	30	$32,591.70	0.06%
MDU Resources Group, Inc.	MDU	552690109	Utilities	1,699	$32,722.74	0.06%
Murphy Oil Corporation	MUR	626717102	Energy	959	$31,407.25	0.06%
OUTFRONT Media Inc.	OUT	69007J304	Real Estate	1,377	$32,097.87	0.06%
SI-BONE, Inc.	SIBN	825704109	Health Care	1,502	$29,559.36	0.06%
ACADIA Pharmaceuticals Inc.	ACAD	004225108	Health Care	1,007	$27,632.08	0.05%
Artisan Partners Asset Management Inc. (Class A)	APAM	04316A108	Financials	659	$28,099.76	0.05%
Bath & Body Works, Inc.	BBWI	070830104	Consumer Discretionary	1,289	$24,271.87	0.05%
CompoSecure, Inc. (Class A)	CMPO	20459V105	Information Technology	1,290	$26,483.70	0.05%
Dorian LPG Ltd.	LPG	Y2106R110	Energy	980	$24,460.80	0.05%
Envista Holdings Corporation	NVST	29415F104	Health Care	1,188	$24,033.24	0.05%
ePlus inc.	PLUS	294268107	Information Technology	316	$28,373.64	0.05%
First Hawaiian, Inc.	FHB	32051X108	Financials	1,077	$27,194.25	0.05%
Kennametal Inc.	KMT	489170100	Industrials	1,021	$28,434.85	0.05%
Korn Ferry	KFY	500643200	Industrials	363	$23,983.41	0.05%
Magnolia Oil & Gas Corporation (Class A)	MGY	559663109	Energy	1,129	$26,633.11	0.05%
Main Street Capital Corporation	MAIN	56035L104	Financials	458	$27,814.34	0.05%
Prestige Consumer Healthcare Inc.	PBH	74112D101	Health Care	402	$24,449.64	0.05%
RingCentral, Inc. (Class A)	RNG	76680R206	Information Technology	815	$24,197.35	0.05%
Science Applications International Corporation	SAIC	808625107	Industrials	275	$27,667.75	0.05%
Spectrum Brands Holdings, Inc.	SPB	84790A105	Consumer Staples	417	$23,848.23	0.05%
Addus HomeCare Corporation	ADUS	006739106	Health Care	200	$22,638.00	0.04%
Avnet, Inc.	AVT	053807103	Information Technology	440	$21,854.80	0.04%
Carter's, Inc.	CRI	146229109	Consumer Discretionary	702	$22,372.74	0.04%
CONMED Corporation	CNMD	207410101	Health Care	545	$21,838.15	0.04%
Embecta Corp.	EMBC	29082K105	Health Care	1,949	$22,783.81	0.04%
IDT Corporation (Class B)	IDT	448947507	Communication Services	441	$21,511.98	0.04%
Park Hotels & Resorts Inc.	PK	700517105	Real Estate	2,147	$22,607.91	0.04%
Hyster-Yale, Inc.	HY	449172105	Industrials	544	$18,398.08	0.03%
ManpowerGroup Inc.	MAN	56418H100	Industrials	530	$14,781.70	0.03%
DXC Technology Company	DXC	23355L106	Information Technology	260	$3,671.20	0.01%
Mercury General Corporation	MCY	589400100	Financials	35	$3,148.25	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.