First Trust Active Factor Small Cap ETF (AFSM)

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Holdings

Holdings of the Fund as of 11/14/2025

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Total Number of Holdings (excluding cash): 322

Security Name	Identifier	CUSIP	Classification	Shares / Quantity	Market Value	Weighting
Carpenter Technology Corporation	CRS	144285103	Industrials	1,479	$488,809.50	1.06%
InterDigital, Inc.	IDCC	45867G101	Information Technology	1,401	$488,164.44	1.06%
Sanmina Corporation	SANM	801056102	Information Technology	3,053	$489,609.61	1.06%
TTM Technologies, Inc.	TTMI	87305R109	Information Technology	6,938	$471,714.62	1.02%
Halozyme Therapeutics, Inc.	HALO	40637H109	Health Care	6,228	$436,146.84	0.95%
Perimeter Solutions, Inc.	PRM	71385M107	Materials	17,080	$432,636.40	0.94%
Comfort Systems USA, Inc.	FIX	199908104	Industrials	470	$427,512.00	0.93%
American Healthcare REIT, Inc.	AHR	398182303	Real Estate	8,610	$416,035.20	0.90%
Corcept Therapeutics Inc.	CORT	218352102	Health Care	4,999	$377,624.46	0.82%
Catalyst Pharmaceuticals, Inc.	CPRX	14888U101	Health Care	16,210	$375,747.80	0.81%
Cal-Maine Foods, Inc.	CALM	128030202	Consumer Staples	3,945	$356,904.15	0.77%
Turning Point Brands, Inc.	TPB	90041L105	Consumer Staples	3,471	$351,334.62	0.76%
Bel Fuse Inc. (Class B)	BELFB	077347300	Information Technology	2,351	$347,172.17	0.75%
Credo Technology Group Holding Ltd	CRDO	G25457105	Information Technology	2,385	$347,065.20	0.75%
Teekay Tankers Ltd. (Class A)	TNK	G8726X106	Energy	5,410	$337,962.70	0.73%
Clear Secure, Inc. (Class A)	YOU	18467V109	Information Technology	8,908	$326,478.20	0.71%
Kiniksa Pharmaceuticals International, Plc (Class A)	KNSA	G52694109	Health Care	7,794	$314,254.08	0.68%
iRhythm Technologies, Inc.	IRTC	450056106	Health Care	1,805	$308,330.10	0.67%
Red Violet, Inc.	RDVT	75704L104	Information Technology	5,287	$308,919.41	0.67%
SiriusPoint Ltd.	SPNT	G8192H106	Financials	15,236	$309,747.88	0.67%
Calix, Inc.	CALX	13100M509	Information Technology	5,178	$303,948.60	0.66%
Macy's, Inc.	M	55616P104	Consumer Discretionary	15,255	$304,947.45	0.66%
Enact Holdings, Inc.	ACT	29249E109	Financials	7,850	$295,945.00	0.64%
MGIC Investment Corporation	MTG	552848103	Financials	10,452	$294,850.92	0.64%
Rambus Inc.	RMBS	750917106	Information Technology	3,115	$296,703.75	0.64%
Hamilton Insurance Group, Ltd. (Class B)	HG	G42706104	Financials	11,215	$292,487.20	0.63%
Sterling Infrastructure, Inc.	STRL	859241101	Industrials	863	$292,263.58	0.63%
Preferred Bank	PFBC	740367404	Financials	3,112	$283,938.88	0.62%
EMCOR Group, Inc.	EME	29084Q100	Industrials	452	$280,176.72	0.61%
Progyny, Inc.	PGNY	74340E103	Health Care	11,450	$281,097.50	0.61%
PHINIA Inc.	PHIN	71880K101	Consumer Discretionary	5,104	$276,892.00	0.60%
Applied Industrial Technologies, Inc.	AIT	03820C105	Industrials	1,102	$274,353.92	0.59%
Genco Shipping & Trading Limited	GNK	Y2685T131	Industrials	15,405	$270,511.80	0.59%
GeneDx Holdings Corp.	WGS	81663L200	Health Care	2,137	$273,664.22	0.59%
National Health Investors, Inc.	NHI	63633D104	Real Estate	3,545	$273,496.75	0.59%
Veracyte, Inc.	VCYT	92337F107	Health Care	6,947	$273,364.45	0.59%
Ames National Corporation	ATLO	031001100	Financials	12,501	$267,896.43	0.58%
Blue Bird Corporation	BLBD	095306106	Industrials	5,253	$268,796.01	0.58%
Interface, Inc.	TILE	458665304	Industrials	10,283	$266,741.02	0.58%
Axcelis Technologies, Inc.	ACLS	054540208	Information Technology	3,233	$263,618.82	0.57%
Tactile Systems Technology, Inc.	TCMD	87357P100	Health Care	11,174	$264,823.80	0.57%
ADMA Biologics, Inc.	ADMA	000899104	Health Care	16,571	$257,844.76	0.56%
Digi International Inc.	DGII	253798102	Information Technology	6,761	$259,487.18	0.56%
Tutor Perini Corporation	TPC	901109108	Industrials	4,395	$259,656.60	0.56%
Bank First Corporation	BFC	06211J100	Financials	2,022	$252,264.72	0.55%
Caledonia Mining Corporation Plc	CMCL	G1757E113	Materials	8,996	$253,507.28	0.55%
Dorman Products, Inc.	DORM	258278100	Consumer Discretionary	1,918	$252,696.50	0.55%
Medpace Holdings, Inc.	MEDP	58506Q109	Health Care	431	$254,328.79	0.55%
Sensient Technologies Corporation	SXT	81725T100	Materials	2,689	$252,577.77	0.55%
First Financial Corporation	THFF	320218100	Financials	4,416	$250,652.16	0.54%
The Bancorp, Inc.	TBBK	05969A105	Financials	4,056	$249,606.24	0.54%
City Holding Company	CHCO	177835105	Financials	2,019	$243,471.21	0.53%
Federated Hermes, Inc. (Class B)	FHI	314211103	Financials	4,985	$245,062.60	0.53%
G-III Apparel Group, Ltd.	GIII	36237H101	Consumer Discretionary	8,648	$241,625.12	0.52%
Mueller Water Products, Inc.	MWA	624758108	Industrials	10,323	$239,080.68	0.52%
NETGEAR, Inc.	NTGR	64111Q104	Information Technology	8,658	$240,172.92	0.52%
Nu Skin Enterprises, Inc. (Class A)	NUS	67018T105	Consumer Staples	25,089	$241,356.18	0.52%
Life360, Inc.	LIF	532206109	Information Technology	3,349	$234,630.94	0.51%
First BanCorp.	FBP	318672706	Financials	11,478	$231,855.60	0.50%
Fidelis Insurance Holdings Limited	FIHL	G3398L118	Financials	12,214	$224,371.18	0.49%
Alpha Metallurgical Resources, Inc.	AMR	020764106	Materials	1,404	$222,604.20	0.48%
Carvana Co. (Class A)	CVNA	146869102	Consumer Discretionary	699	$222,498.69	0.48%
Hawkins, Inc.	HWKN	420261109	Materials	1,757	$222,313.21	0.48%
Peoples Bancorp of North Carolina, Inc.	PEBK	710577107	Financials	7,296	$222,819.84	0.48%
Perdoceo Education Corporation	PRDO	71363P106	Consumer Discretionary	7,040	$219,084.80	0.48%
The Bank of N.T. Butterfield & Son Limited	NTB	G0772R208	Financials	4,870	$221,341.50	0.48%
Alkermes Plc	ALKS	G01767105	Health Care	7,539	$218,932.56	0.47%
Commvault Systems, Inc.	CVLT	204166102	Information Technology	1,704	$217,055.52	0.47%
EPR Properties	EPR	26884U109	Real Estate	4,205	$215,632.40	0.47%
Sylvamo Corporation	SLVM	871332102	Materials	4,809	$215,683.65	0.47%
Tri Pointe Homes, Inc.	TPH	87265H109	Consumer Discretionary	6,745	$215,435.30	0.47%
Brinker International, Inc.	EAT	109641100	Consumer Discretionary	1,866	$211,212.54	0.46%
Matson, Inc.	MATX	57686G105	Industrials	1,935	$206,735.40	0.45%
Mitek Systems, Inc.	MITK	606710200	Information Technology	23,076	$206,991.72	0.45%
Scorpio Tankers Inc.	STNG	Y7542C130	Energy	3,248	$200,888.80	0.44%
Harmonic Inc.	HLIT	413160102	Information Technology	20,562	$196,572.72	0.43%
IES Holdings, Inc.	IESC	44951W106	Industrials	550	$200,590.50	0.43%
ScanSource, Inc.	SCSC	806037107	Information Technology	4,830	$196,629.30	0.43%
Atkore Inc.	ATKR	047649108	Industrials	2,985	$194,054.85	0.42%
Huron Consulting Group Inc.	HURN	447462102	Industrials	1,162	$192,311.00	0.42%
Resolute Holdings Management, Inc.	RHLD	76134H101	Industrials	1,160	$192,212.00	0.42%
Astronics Corporation	ATRO	046433108	Industrials	3,604	$187,948.60	0.41%
DXP Enterprises, Inc.	DXPE	233377407	Industrials	2,110	$191,398.10	0.41%
Laureate Education, Inc. (Class A)	LAUR	518613203	Consumer Discretionary	6,287	$189,427.31	0.41%
SPX Technologies	SPXC	78473E103	Industrials	904	$191,132.72	0.41%
Pacira BioSciences, Inc.	PCRX	695127100	Health Care	7,725	$183,700.50	0.40%
The RMR Group Inc. (Class A)	RMR	74967R106	Real Estate	11,752	$184,036.32	0.40%
OneSpan Inc.	OSPN	68287N100	Information Technology	14,188	$179,761.96	0.39%
Universal Insurance Holdings, Inc.	UVE	91359V107	Financials	5,167	$177,744.80	0.39%
Virtus Investment Partners, Inc.	VRTS	92828Q109	Financials	1,099	$178,081.96	0.39%
Northeast Community Bancorp, Inc.	NECB	664121100	Financials	8,604	$174,833.28	0.38%
Tarsus Pharmaceuticals, Inc.	TARS	87650L103	Health Care	2,375	$173,185.00	0.38%
BrightSpring Health Services, Inc.	BTSG	10950A106	Health Care	5,400	$172,800.00	0.37%
CompoSecure, Inc. (Class A)	CMPO	20459V105	Information Technology	8,424	$171,933.84	0.37%
Innoviva, Inc.	INVA	45781M101	Health Care	7,756	$172,571.00	0.37%
Ardmore Shipping Corporation	ASC	Y0207T100	Energy	12,972	$166,171.32	0.36%
Civitas Resources, Inc.	CIVI	17888H103	Energy	5,759	$163,728.37	0.36%
Globus Medical, Inc. (Class A)	GMED	379577208	Health Care	1,955	$165,099.75	0.36%
Sabra Health Care REIT, Inc.	SBRA	78573L106	Real Estate	8,794	$164,008.10	0.36%
Signet Jewelers Limited	SIG	G81276100	Consumer Discretionary	1,664	$168,080.64	0.36%
Sprouts Farmers Market, Inc.	SFM	85208M102	Consumer Staples	2,039	$166,769.81	0.36%
CorMedix Inc.	CRMD	21900C308	Health Care	14,426	$162,148.24	0.35%
Cushman & Wakefield Plc	CWK	G2717B108	Real Estate	10,466	$162,013.68	0.35%
ESCO Technologies Inc.	ESE	296315104	Industrials	737	$162,412.69	0.35%
Essent Group Ltd.	ESNT	G3198U102	Financials	2,624	$161,166.08	0.35%
Innovative Industrial Properties, Inc.	IIPR	45781V101	Real Estate	3,287	$159,189.41	0.35%
Peabody Energy Corporation	BTU	704551100	Energy	5,661	$163,433.07	0.35%
Ziff Davis, Inc.	ZD	48123V102	Communication Services	5,334	$161,886.90	0.35%
Boise Cascade Company	BCC	09739D100	Industrials	2,247	$155,132.88	0.34%
CRA International, Inc.	CRAI	12618T105	Industrials	870	$157,435.20	0.34%
Dave Inc. (Class A)	DAVE	23834J201	Financials	768	$157,670.40	0.34%
H&R Block, Inc.	HRB	093671105	Consumer Discretionary	3,522	$155,918.94	0.34%
National HealthCare Corporation	NHC	635906100	Health Care	1,224	$156,818.88	0.34%
Otter Tail Corporation	OTTR	689648103	Utilities	1,865	$154,720.40	0.34%
Trustmark Corporation	TRMK	898402102	Financials	4,050	$155,844.00	0.34%
Universal Technical Institute, Inc.	UTI	913915104	Consumer Discretionary	5,340	$157,263.00	0.34%
Acadian Asset Management Inc.	AAMI	10948W103	Financials	3,456	$151,718.40	0.33%
Adtalem Global Education Inc.	ATGE	00737L103	Consumer Discretionary	1,597	$154,062.59	0.33%
Par Pacific Holdings, Inc.	PARR	69888T207	Energy	3,450	$151,110.00	0.33%
SunCoke Energy, Inc.	SXC	86722A103	Materials	22,334	$150,754.50	0.33%
Grand Canyon Education, Inc.	LOPE	38526M106	Consumer Discretionary	868	$145,633.04	0.32%
HCI Group, Inc.	HCI	40416E103	Financials	815	$146,691.85	0.32%
Super Group (SGHC) Limited	SGHC	G8588X103	Consumer Discretionary	12,038	$147,465.50	0.32%
ACADIA Pharmaceuticals Inc.	ACAD	004225108	Health Care	5,910	$141,958.20	0.31%
Cavco Industries, Inc.	CVCO	149568107	Consumer Discretionary	260	$145,072.20	0.31%
Daktronics, Inc.	DAKT	234264109	Information Technology	7,540	$141,375.00	0.31%
ExlService Holdings, Inc.	EXLS	302081104	Industrials	3,587	$142,439.77	0.31%
Hims & Hers Health, Inc.	HIMS	433000106	Health Care	3,815	$141,078.70	0.31%
Patria Investments Limited (Class A)	PAX	G69451105	Financials	9,670	$142,439.10	0.31%
SIGA Technologies, Inc.	SIGA	826917106	Health Care	23,529	$141,174.00	0.31%
Teradata Corporation	TDC	88076W103	Information Technology	5,272	$143,609.28	0.31%
TG Therapeutics, Inc.	TGTX	88322Q108	Health Care	4,679	$145,049.00	0.31%
Academy Sports and Outdoors, Inc.	ASO	00402L107	Consumer Discretionary	3,079	$137,692.88	0.30%
Arcutis Biotherapeutics, Inc.	ARQT	03969K108	Health Care	5,498	$137,450.00	0.30%
Ennis, Inc.	EBF	293389102	Industrials	8,268	$139,729.20	0.30%
Mueller Industries, Inc.	MLI	624756102	Industrials	1,314	$140,492.88	0.30%
National Vision Holdings, Inc.	EYE	63845R107	Consumer Discretionary	5,805	$137,578.50	0.30%
Bread Financial Holdings, Inc.	BFH	018581108	Financials	2,169	$134,326.17	0.29%
Dorian LPG Ltd.	LPG	Y2106R110	Energy	5,062	$135,256.64	0.29%
Indivior Plc	INDV	G4766E116	Health Care	4,314	$131,533.86	0.29%
International Bancshares Corporation	IBOC	459044103	Financials	1,999	$132,313.81	0.29%
M/I Homes, Inc.	MHO	55305B101	Consumer Discretionary	1,028	$132,262.48	0.29%
Mirum Pharmaceuticals, Inc.	MIRM	604749101	Health Care	1,902	$135,878.88	0.29%
PJT Partners Inc. (Class A)	PJT	69343T107	Financials	804	$134,067.00	0.29%
Seneca Foods Corporation	SENEA	817070501	Consumer Staples	1,111	$135,075.38	0.29%
Simulations Plus, Inc.	SLP	829214105	Health Care	7,633	$132,127.23	0.29%
UFP Technologies, Inc.	UFPT	902673102	Health Care	585	$135,474.30	0.29%
Urban Outfitters, Inc.	URBN	917047102	Consumer Discretionary	2,149	$132,077.54	0.29%
Cimpress Plc	CMPR	G2143T103	Industrials	1,925	$128,185.75	0.28%
DHT Holdings, Inc.	DHT	Y2065G121	Energy	9,550	$130,548.50	0.28%
Hallador Energy Company	HNRG	40609P105	Utilities	6,429	$130,765.86	0.28%
Home BancShares, Inc.	HOMB	436893200	Financials	4,750	$129,627.50	0.28%
Hudson Technologies, Inc.	HDSN	444144109	Industrials	19,265	$130,809.35	0.28%
Lantheus Holdings, Inc.	LNTH	516544103	Health Care	2,446	$129,662.46	0.28%
NetScout Systems, Inc.	NTCT	64115T104	Information Technology	4,633	$127,036.86	0.28%
Supernus Pharmaceuticals, Inc.	SUPN	868459108	Health Care	2,903	$130,635.00	0.28%
The Andersons, Inc.	ANDE	034164103	Consumer Staples	2,582	$127,240.96	0.28%
The Buckle, Inc.	BKE	118440106	Consumer Discretionary	2,285	$128,417.00	0.28%
United States Lime & Minerals, Inc.	USLM	911922102	Materials	1,070	$127,800.80	0.28%
ACI Worldwide, Inc.	ACIW	004498101	Information Technology	2,682	$125,960.15	0.27%
ANI Pharmaceuticals, Inc.	ANIP	00182C103	Health Care	1,467	$123,257.34	0.27%
Cinemark Holdings, Inc.	CNK	17243V102	Communication Services	4,121	$123,135.48	0.27%
Esquire Financial Holdings, Inc.	ESQ	29667J101	Financials	1,275	$124,784.25	0.27%
Green Brick Partners, Inc.	GRBK	392709101	Consumer Discretionary	1,926	$122,416.56	0.27%
Harmony Biosciences Holdings, Inc.	HRMY	413197104	Health Care	3,704	$126,047.12	0.27%
Ingles Markets, Incorporated	IMKTA	457030104	Consumer Staples	1,656	$123,388.56	0.27%
Nicolet Bankshares, Inc.	NIC	65406E102	Financials	1,014	$126,445.80	0.27%
Photronics, Inc.	PLAB	719405102	Information Technology	5,810	$122,707.20	0.27%
PVH Corp.	PVH	693656100	Consumer Discretionary	1,590	$123,622.50	0.27%
Scholastic Corporation	SCHL	807066105	Communication Services	4,324	$122,758.36	0.27%
Tootsie Roll Industries, Inc.	TR	890516107	Consumer Staples	3,192	$125,669.04	0.27%
Adient Plc	ADNT	G0084W101	Consumer Discretionary	6,030	$120,720.60	0.26%
Highwoods Properties, Inc.	HIW	431284108	Real Estate	4,071	$118,628.94	0.26%
Independent Bank Corp.	INDB	453836108	Financials	1,759	$121,652.44	0.26%
InMode Ltd.	INMD	M5425M103	Health Care	8,562	$121,323.54	0.26%
Krystal Biotech, Inc.	KRYS	501147102	Health Care	588	$121,222.08	0.26%
LivaNova Plc	LIVN	G5509L101	Health Care	2,127	$117,750.72	0.26%
OFG Bancorp	OFG	67103X102	Financials	3,013	$121,815.59	0.26%
S&T Bancorp, Inc.	STBA	783859101	Financials	3,155	$121,688.35	0.26%
Sapiens International Corporation N.V.	SPNS	G7T16G103	Information Technology	2,783	$120,169.94	0.26%
SkyWest, Inc.	SKYW	830879102	Industrials	1,222	$118,045.20	0.26%
TripAdvisor, Inc.	TRIP	896945201	Communication Services	7,955	$119,006.80	0.26%
Xometry, Inc. (Class A)	XMTR	98423F109	Industrials	1,983	$120,130.14	0.26%
First Interstate BancSystem, Inc.	FIBK	32055Y201	Financials	3,651	$114,385.83	0.25%
GigaCloud Technology Inc (Class A)	GCT	G38644103	Consumer Discretionary	3,805	$115,748.10	0.25%
IDT Corporation (Class B)	IDT	448947507	Communication Services	2,237	$115,697.64	0.25%
Park National Corporation	PRK	700658107	Financials	731	$114,101.79	0.25%
Adaptive Biotechnologies Corporation	ADPT	00650F109	Health Care	7,832	$110,431.20	0.24%
Cars.com Inc.	CARS	14575E105	Communication Services	9,934	$112,949.58	0.24%
ConnectOne Bancorp, Inc.	CNOB	20786W107	Financials	4,611	$111,263.43	0.24%
Metropolitan Bank Holding Corp.	MCB	591774104	Financials	1,614	$112,302.12	0.24%
Willdan Group, Inc.	WLDN	96924N100	Industrials	1,156	$110,825.72	0.24%
Badger Meter, Inc.	BMI	056525108	Information Technology	598	$105,188.20	0.23%
Heritage Insurance Holdings, Inc.	HRTG	42727J102	Financials	3,349	$104,287.86	0.23%
Hub Group, Inc.	HUBG	443320106	Industrials	3,009	$106,939.86	0.23%
OceanFirst Financial Corp.	OCFC	675234108	Financials	5,851	$104,908.43	0.23%
Pitney Bowes Inc.	PBI	724479100	Industrials	11,667	$106,986.39	0.23%
Radian Group Inc.	RDN	750236101	Financials	3,051	$107,608.77	0.23%
Terex Corporation	TEX	880779103	Industrials	2,341	$107,100.75	0.23%
TriMas Corporation	TRS	896215209	Materials	3,434	$107,278.16	0.23%
Universal Corporation	UVV	913456109	Consumer Staples	2,003	$105,998.76	0.23%
Virtu Financial, Inc. (Class A)	VIRT	928254101	Financials	2,970	$104,484.60	0.23%
A10 Networks, Inc.	ATEN	002121101	Information Technology	5,830	$101,966.70	0.22%
Kohl's Corporation	KSS	500255104	Consumer Discretionary	6,029	$100,985.75	0.22%
LeMaitre Vascular, Inc.	LMAT	525558201	Health Care	1,127	$99,671.88	0.22%
MasterBrand, Inc.	MBC	57638P104	Industrials	9,983	$101,327.45	0.22%
Omnicell, Inc.	OMCL	68213N109	Health Care	2,836	$99,600.32	0.22%
Q2 Holdings, Inc.	QTWO	74736L109	Information Technology	1,427	$103,386.15	0.22%
Vitesse Energy, Inc.	VTS	92852X103	Energy	4,718	$99,691.34	0.22%
Barrett Business Services, Inc.	BBSI	068463108	Industrials	2,733	$97,294.80	0.21%
Chord Energy Corporation	CHRD	674215207	Energy	1,040	$96,834.40	0.21%
nLight, Inc.	LASR	65487K100	Information Technology	3,165	$96,532.50	0.21%
Peoples Bancorp Inc.	PEBO	709789101	Financials	3,396	$98,687.76	0.21%
Victory Capital Holdings, Inc. (Class A)	VCTR	92645B103	Financials	1,551	$98,240.34	0.21%
ACM Research, Inc. (Class A)	ACMR	00108J109	Information Technology	2,929	$92,292.79	0.20%
Amalgamated Financial Corp.	AMAL	022671101	Financials	3,361	$94,511.32	0.20%
AMC Networks Inc. (Class A)	AMCX	00164V103	Communication Services	11,892	$92,757.60	0.20%
Certara, Inc.	CERT	15687V109	Health Care	11,319	$94,287.27	0.20%
DNOW Inc.	DNOW	67011P100	Industrials	7,390	$92,301.10	0.20%
EverQuote, Inc. (Class A)	EVER	30041R108	Communication Services	3,592	$91,093.12	0.20%
Rigel Pharmaceuticals, Inc.	RIGL	766559702	Health Care	2,212	$92,771.28	0.20%
American Eagle Outfitters, Inc.	AEO	02553E106	Consumer Discretionary	5,080	$89,204.80	0.19%
Apogee Enterprises, Inc.	APOG	037598109	Industrials	2,611	$87,259.62	0.19%
Astrana Health Inc.	ASTH	03763A207	Health Care	4,074	$87,713.22	0.19%
Cathay General Bancorp	CATY	149150104	Financials	1,821	$86,479.29	0.19%
CorVel Corporation	CRVL	221006109	Health Care	1,179	$87,446.43	0.19%
Ethan Allen Interiors Inc.	ETD	297602104	Consumer Discretionary	3,796	$85,410.00	0.19%
Intapp, Inc.	INTA	45827U109	Information Technology	2,076	$89,413.32	0.19%
MillerKnoll Inc.	MLKN	600544100	Industrials	5,918	$87,349.68	0.19%
PC Connection, Inc.	CNXN	69318J100	Information Technology	1,457	$85,948.43	0.19%
Sun Country Airlines Holdings, Inc.	SNCY	866683105	Industrials	7,059	$87,390.42	0.19%
Abercrombie & Fitch Co. (Class A)	ANF	002896207	Consumer Discretionary	1,221	$85,152.54	0.18%
Avista Corporation	AVA	05379B107	Utilities	2,003	$82,343.33	0.18%
CommScope Holding Company, Inc.	COMM	20337X109	Information Technology	4,920	$82,557.60	0.18%
FirstCash Holdings, Inc.	FCFS	33768G107	Financials	518	$82,885.18	0.18%
Helen of Troy Limited	HELE	G4388N106	Consumer Discretionary	4,552	$84,212.00	0.18%
Ligand Pharmaceuticals Inc. (Class B)	LGND	53220K504	Health Care	415	$83,356.90	0.18%
Penguin Solutions Inc.	PENG	706915105	Information Technology	4,349	$82,196.10	0.18%
BioCryst Pharmaceuticals, Inc.	BCRX	09058V103	Health Care	11,342	$80,301.36	0.17%
Brady Corporation	BRC	104674106	Industrials	1,053	$78,848.64	0.17%
Healthcare Services Group, Inc.	HCSG	421906108	Industrials	4,412	$76,548.20	0.17%
US Dollar	$USD		Other	80,199	$80,198.89	0.17%
Caleres, Inc.	CAL	129500104	Consumer Discretionary	7,354	$75,819.74	0.16%
Hyster-Yale, Inc.	HY	449172105	Industrials	2,514	$71,649.00	0.16%
PriceSmart, Inc.	PSMT	741511109	Consumer Staples	649	$75,738.30	0.16%
Rush Street Interactive, Inc.	RSI	782011100	Consumer Discretionary	4,261	$73,459.64	0.16%
DXC Technology Company	DXC	23355L106	Information Technology	5,361	$69,210.51	0.15%
Kelly Services, Inc.	KELYA	488152208	Industrials	8,556	$71,357.04	0.15%
Medifast, Inc.	MED	58470H101	Consumer Staples	5,884	$66,959.92	0.15%
Watts Water Technologies, Inc.	WTS	942749102	Industrials	251	$67,729.84	0.15%
Hancock Whitney Corporation	HWC	410120109	Financials	1,112	$65,241.04	0.14%
Sezzle Inc.	SEZL	78435P105	Financials	1,281	$66,791.34	0.14%
USANA Health Sciences, Inc.	USNA	90328M107	Consumer Staples	3,399	$65,226.81	0.14%
Alarm.com Holdings, Inc.	ALRM	011642105	Information Technology	1,156	$58,146.80	0.13%
SITE Centers Corp.	SITC	82981J851	Real Estate	8,710	$60,360.30	0.13%
AMN Healthcare Services, Inc.	AMN	001744101	Health Care	3,443	$54,709.27	0.12%
Eton Pharmaceuticals, Inc.	ETON	29772L108	Health Care	3,250	$55,055.00	0.12%
Pagaya Technologies Ltd. (Class A)	PGY	M7S64L123	Information Technology	2,285	$54,657.20	0.12%
Sally Beauty Holdings, Inc.	SBH	79546E104	Consumer Discretionary	3,894	$55,216.92	0.12%
Wolverine World Wide, Inc.	WWW	978097103	Consumer Discretionary	3,572	$55,151.68	0.12%
Yext, Inc.	YEXT	98585N106	Information Technology	6,811	$57,484.84	0.12%
Concentrix Corporation	CNXC	20602D101	Industrials	1,455	$51,317.85	0.11%
ePlus inc.	PLUS	294268107	Information Technology	571	$51,515.62	0.11%
LiveRamp Holdings, Inc.	RAMP	53815P108	Information Technology	1,675	$49,680.50	0.11%
Murphy Oil Corporation	MUR	626717102	Energy	1,604	$48,857.84	0.11%
Taylor Morrison Home Corporation	TMHC	87724P106	Consumer Discretionary	832	$49,695.36	0.11%
Angi Inc. (Class A)	ANGI	00183L201	Communication Services	4,163	$45,126.92	0.10%
Central Pacific Financial Corp.	CPF	154760409	Financials	1,532	$45,224.64	0.10%
Deluxe Corporation	DLX	248019101	Industrials	2,285	$46,179.85	0.10%
Kennametal Inc.	KMT	489170100	Industrials	1,742	$46,859.80	0.10%
MAXIMUS, Inc.	MMS	577933104	Industrials	601	$47,959.80	0.10%
Power Solutions International, Inc.	PSIX	73933G202	Industrials	810	$47,182.50	0.10%
ThredUp Inc. (Class A)	TDUP	88556E102	Consumer Discretionary	5,943	$44,453.64	0.10%
Groupon, Inc.	GRPN	399473206	Consumer Discretionary	2,116	$39,230.64	0.09%
NMI Holdings, Inc. (Class A)	NMIH	629209305	Financials	1,121	$42,127.18	0.09%
Phreesia Inc.	PHR	71944F106	Health Care	1,801	$39,207.77	0.09%
Axogen, Inc.	AXGN	05463X106	Health Care	1,573	$37,044.15	0.08%
The Western Union Company	WU	959802109	Financials	4,380	$38,675.40	0.08%
acuity	AYI	00508Y102	Industrials	97	$33,995.59	0.07%
Aurinia Pharmaceuticals Inc.	AUPH	05156V102	Health Care	2,096	$32,173.60	0.07%
Carter's, Inc.	CRI	146229109	Consumer Discretionary	1,042	$33,833.74	0.07%
Harrow, Inc.	HROW	415858109	Health Care	735	$29,980.65	0.07%
International Seaways, Inc.	INSW	Y41053102	Energy	605	$32,657.90	0.07%
Kontoor Brands, Inc.	KTB	50050N103	Consumer Discretionary	481	$34,588.71	0.07%
Limbach Holdings, Inc.	LMB	53263P105	Industrials	443	$31,506.16	0.07%
MDU Resources Group, Inc.	MDU	552690109	Utilities	1,543	$31,801.23	0.07%
Zurn Elkay Water Solutions Corp.	ZWS	98983L108	Industrials	695	$32,025.60	0.07%
ASGN Incorporated	ASGN	00191U102	Information Technology	633	$27,073.41	0.06%
Graham Holdings Company	GHC	384637104	Consumer Discretionary	27	$28,930.50	0.06%
Option Care Health, Inc.	OPCH	68404L201	Health Care	969	$27,529.29	0.06%
Artisan Partners Asset Management Inc. (Class A)	APAM	04316A108	Financials	597	$25,253.10	0.05%
CarGurus, Inc.	CARG	141788109	Communication Services	698	$24,792.96	0.05%
First Hawaiian, Inc.	FHB	32051X108	Financials	977	$23,692.25	0.05%
Fresh Del Monte Produce Inc.	FDP	G36738105	Consumer Staples	642	$22,758.90	0.05%
Frontdoor, Inc.	FTDR	35905A109	Consumer Discretionary	435	$22,245.90	0.05%
Garrett Motion Inc.	GTX	366505105	Consumer Discretionary	1,385	$23,323.40	0.05%
Glaukos Corporation	GKOS	377322102	Health Care	238	$21,427.14	0.05%
Griffon Corporation	GFF	398433102	Industrials	331	$23,126.97	0.05%
Heritage Financial Corporation	HFWA	42722X106	Financials	1,032	$22,931.04	0.05%
Magnolia Oil & Gas Corporation (Class A)	MGY	559663109	Energy	1,026	$23,598.00	0.05%
Main Street Capital Corporation	MAIN	56035L104	Financials	416	$24,302.72	0.05%
ManpowerGroup Inc.	MAN	56418H100	Industrials	852	$24,401.28	0.05%
SI-BONE, Inc.	SIBN	825704109	Health Care	1,199	$20,886.58	0.05%
Weis Markets, Inc.	WMK	948849104	Consumer Staples	321	$21,462.06	0.05%
Addus HomeCare Corporation	ADUS	006739106	Health Care	185	$20,177.95	0.04%
Adeia Inc.	ADEA	00676P107	Information Technology	1,491	$19,174.26	0.04%
Alamo Group Inc.	ALG	011311107	Industrials	109	$17,707.05	0.04%
Apple Hospitality REIT, Inc.	APLE	03784Y200	Real Estate	1,746	$20,498.04	0.04%
Avnet, Inc.	AVT	053807103	Information Technology	399	$18,533.55	0.04%
HNI Corporation	HNI	404251100	Industrials	430	$16,856.00	0.04%
Janus International Group, Inc.	JBI	47103N106	Industrials	3,010	$17,819.20	0.04%
Movado Group, Inc.	MOV	624580106	Consumer Discretionary	1,103	$20,604.04	0.04%
Owens & Minor, Inc.	OMI	690732102	Health Care	6,562	$18,373.60	0.04%
Park Hotels & Resorts Inc.	PK	700517105	Real Estate	1,950	$20,377.50	0.04%
Yelp Inc.	YELP	985817105	Communication Services	591	$16,731.21	0.04%
Avanos Medical, Inc.	AVNS	05350V106	Health Care	1,208	$13,759.12	0.03%
Interparfums, Inc.	IPAR	458334109	Consumer Staples	166	$14,513.38	0.03%
The Hackett Group, Inc.	HCKT	404609109	Information Technology	823	$15,184.35	0.03%
Upbound Group Inc.	UPBD	76009N100	Consumer Discretionary	674	$11,431.04	0.02%
BancFirst Corporation	BANF	05945F103	Financials	38	$4,222.94	0.01%
Standard Motor Products, Inc.	SMP	853666105	Consumer Discretionary	178	$6,655.42	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.