First Trust Active Factor Small Cap ETF (AFSM)

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Holdings

Holdings of the Fund as of 7/10/2025

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Total Number of Holdings (excluding cash): 330

Security Name	Identifier	CUSIP	Classification	Shares / Quantity	Market Value	Weighting
Carpenter Technology Corporation	CRS	144285103	Materials	2,099	$580,835.28	1.52%
Halozyme Therapeutics, Inc.	HALO	40637H109	Health Care	6,795	$391,595.85	1.02%
Corcept Therapeutics Inc.	CORT	218352102	Health Care	4,961	$357,241.61	0.93%
ADMA Biologics, Inc.	ADMA	000899104	Health Care	19,029	$351,465.63	0.92%
Cal-Maine Foods, Inc.	CALM	128030202	Consumer Staples	3,479	$350,474.46	0.91%
InterDigital, Inc.	IDCC	45867G101	Information Technology	1,487	$340,954.23	0.89%
Sprouts Farmers Market, Inc.	SFM	85208M102	Consumer Staples	2,036	$323,153.92	0.84%
REV Group, Inc.	REVG	749527107	Industrials	6,293	$309,741.46	0.81%
Catalyst Pharmaceuticals, Inc.	CPRX	14888U101	Health Care	13,731	$300,022.35	0.78%
Dave Inc. (Class A)	DAVE	23834J201	Financials	1,217	$279,885.66	0.73%
Applied Industrial Technologies, Inc.	AIT	03820C105	Industrials	1,084	$277,449.80	0.72%
Sanmina Corporation	SANM	801056102	Information Technology	2,630	$274,414.20	0.72%
Grindr Inc.	GRND	39854F101	Communication Services	12,841	$273,513.30	0.71%
Badger Meter, Inc.	BMI	056525108	Information Technology	1,082	$259,344.58	0.68%
Hawkins, Inc.	HWKN	420261109	Materials	1,661	$258,650.92	0.68%
American Healthcare REIT, Inc.	AHR	398182303	Real Estate	7,124	$257,960.04	0.67%
Brinker International, Inc.	EAT	109641100	Consumer Discretionary	1,545	$257,566.95	0.67%
Comfort Systems USA, Inc.	FIX	199908104	Industrials	472	$251,939.44	0.66%
ESCO Technologies Inc.	ESE	296315104	Industrials	1,309	$250,398.61	0.65%
Commvault Systems, Inc.	CVLT	204166102	Information Technology	1,451	$246,771.57	0.64%
EMCOR Group, Inc.	EME	29084Q100	Industrials	450	$246,415.50	0.64%
TG Therapeutics, Inc.	TGTX	88322Q108	Health Care	6,497	$244,741.99	0.64%
Preferred Bank	PFBC	740367404	Financials	2,599	$240,355.52	0.63%
SiriusPoint Ltd.	SPNT	G8192H106	Financials	13,123	$242,119.35	0.63%
The Bancorp, Inc.	TBBK	05969A105	Financials	3,846	$240,721.14	0.63%
Enact Holdings, Inc.	ACT	29249E109	Financials	6,717	$238,386.33	0.62%
Progyny, Inc.	PGNY	74340E103	Health Care	9,862	$232,841.82	0.61%
MGIC Investment Corporation	MTG	552848103	Financials	8,926	$230,915.62	0.60%
Clear Secure, Inc. (Class A)	YOU	18467V109	Information Technology	7,673	$223,207.57	0.58%
PHINIA Inc.	PHIN	71880K101	Consumer Discretionary	4,589	$222,199.38	0.58%
Mueller Water Products, Inc.	MWA	624758108	Industrials	8,582	$217,038.78	0.57%
Sylvamo Corporation	SLVM	871332102	Materials	4,141	$219,514.41	0.57%
Blue Bird Corporation	BLBD	095306106	Industrials	4,691	$213,393.59	0.56%
First Financial Corporation	THFF	320218100	Financials	3,799	$215,441.29	0.56%
OneSpan Inc.	OSPN	68287N100	Information Technology	12,220	$214,461.00	0.56%
Axcelis Technologies, Inc.	ACLS	054540208	Information Technology	2,786	$210,760.90	0.55%
City Holding Company	CHCO	177835105	Financials	1,684	$211,813.52	0.55%
Dorman Products, Inc.	DORM	258278100	Consumer Discretionary	1,681	$210,444.39	0.55%
Kiniksa Pharmaceuticals International, Plc (Class A)	KNSA	G52694109	Health Care	7,260	$210,177.00	0.55%
National Health Investors, Inc.	NHI	63633D104	Real Estate	2,944	$209,288.96	0.55%
NETGEAR, Inc.	NTGR	64111Q104	Information Technology	7,159	$210,331.42	0.55%
Carvana Co. (Class A)	CVNA	146869102	Consumer Discretionary	602	$208,021.10	0.54%
EPR Properties	EPR	26884U109	Real Estate	3,485	$208,333.30	0.54%
First BanCorp.	FBP	318672706	Financials	9,565	$208,612.65	0.54%
Teekay Tankers Ltd. (Class A)	TNK	G8726X106	Energy	4,660	$207,509.80	0.54%
Digi International Inc.	DGII	253798102	Information Technology	5,823	$203,863.23	0.53%
Nu Skin Enterprises, Inc. (Class A)	NUS	67018T105	Consumer Staples	21,610	$201,621.30	0.53%
Alkermes Plc	ALKS	G01767105	Health Care	6,493	$197,776.78	0.52%
Ames National Corporation	ATLO	031001100	Financials	10,767	$198,112.80	0.52%
CorVel Corporation	CRVL	221006109	Health Care	1,985	$197,924.35	0.52%
Hamilton Insurance Group, Ltd. (Class B)	HG	G42706104	Financials	9,659	$199,071.99	0.52%
Tri Pointe Homes, Inc.	TPH	87265H109	Consumer Discretionary	5,810	$200,038.30	0.52%
Atkore Inc.	ATKR	047649108	Industrials	2,571	$195,781.65	0.51%
Genco Shipping & Trading Limited	GNK	Y2685T131	Industrials	13,268	$195,172.28	0.51%
Interface, Inc.	TILE	458665304	Industrials	8,857	$197,245.39	0.51%
Mitek Systems, Inc.	MITK	606710200	Information Technology	19,876	$196,573.64	0.51%
S&T Bancorp, Inc.	STBA	783859101	Financials	4,911	$195,212.25	0.51%
The Bank of N.T. Butterfield & Son Limited	NTB	G0772R208	Financials	4,156	$194,625.48	0.51%
Universal Technical Institute, Inc.	UTI	913915104	Consumer Discretionary	6,267	$197,097.15	0.51%
Verint Systems Inc.	VRNT	92343X100	Information Technology	8,896	$193,754.88	0.51%
Virtus Investment Partners, Inc.	VRTS	92828Q109	Financials	946	$191,110.92	0.50%
DXP Enterprises, Inc.	DXPE	233377407	Industrials	1,990	$186,522.70	0.49%
Matson, Inc.	MATX	57686G105	Industrials	1,666	$189,107.66	0.49%
Peoples Bancorp of North Carolina, Inc.	PEBK	710577107	Financials	6,285	$187,481.55	0.49%
Adtalem Global Education Inc.	ATGE	00737L103	Consumer Discretionary	1,506	$178,988.10	0.47%
Boise Cascade Company	BCC	09739D100	Industrials	1,937	$180,644.62	0.47%
Excelerate Energy, Inc. (Class A)	EE	30069T101	Energy	6,527	$178,121.83	0.46%
G-III Apparel Group, Ltd.	GIII	36237H101	Consumer Discretionary	7,449	$176,913.75	0.46%
IES Holdings, Inc.	IESC	44951W106	Industrials	565	$175,319.50	0.46%
Lantheus Holdings, Inc.	LNTH	516544103	Health Care	2,108	$176,713.64	0.46%
Northeast Community Bancorp, Inc.	NECB	664121100	Financials	7,410	$177,988.20	0.46%
Perdoceo Education Corporation	PRDO	71363P106	Consumer Discretionary	5,962	$176,057.86	0.46%
ScanSource, Inc.	SCSC	806037107	Information Technology	4,161	$174,928.44	0.46%
The RMR Group Inc. (Class A)	RMR	74967R106	Real Estate	10,122	$177,944.76	0.46%
H&R Block, Inc.	HRB	093671105	Consumer Discretionary	3,035	$172,266.60	0.45%
Fidelis Insurance Holdings Limited	FIHL	G3398L118	Financials	10,520	$167,583.60	0.44%
Macy's, Inc.	M	55616P104	Consumer Discretionary	13,139	$167,259.47	0.44%
CSG Systems International, Inc.	CSGS	126349109	Industrials	2,572	$164,003.62	0.43%
Harmonic Inc.	HLIT	413160102	Information Technology	17,710	$164,703.00	0.43%
SunCoke Energy, Inc.	SXC	86722A103	Materials	19,237	$165,630.57	0.43%
Veracyte, Inc.	VCYT	92337F107	Health Care	5,984	$164,679.68	0.43%
Hims & Hers Health, Inc.	HIMS	433000106	Health Care	3,224	$162,070.48	0.42%
Intapp, Inc.	INTA	45827U109	Information Technology	3,467	$162,775.65	0.42%
Civitas Resources, Inc.	CIVI	17888H103	Energy	4,961	$157,859.02	0.41%
Innovative Industrial Properties, Inc.	IIPR	45781V101	Real Estate	2,832	$158,676.96	0.41%
Pacira BioSciences, Inc.	PCRX	695127100	Health Care	6,654	$157,633.26	0.41%
Urban Outfitters, Inc.	URBN	917047102	Consumer Discretionary	2,143	$155,303.21	0.41%
Mueller Industries, Inc.	MLI	624756102	Industrials	1,782	$152,574.84	0.40%
Ziff Davis, Inc.	ZD	48123V102	Communication Services	4,594	$155,001.56	0.40%
GeneDx Holdings Corp.	WGS	81663L200	Health Care	1,728	$150,180.48	0.39%
Perimeter Solutions, Inc.	PRM	71385M107	Materials	9,143	$149,030.90	0.39%
CRA International, Inc.	CRAI	12618T105	Industrials	735	$144,530.40	0.38%
Huron Consulting Group Inc.	HURN	447462102	Industrials	1,078	$145,702.48	0.38%
Sterling Infrastructure, Inc.	STRL	859241101	Industrials	614	$145,082.06	0.38%
Alpha Metallurgical Resources, Inc.	AMR	020764106	Materials	1,210	$142,162.90	0.37%
CorMedix Inc.	CRMD	21900C308	Health Care	12,039	$140,976.69	0.37%
ExlService Holdings, Inc.	EXLS	302081104	Industrials	3,147	$142,055.58	0.37%
SIGA Technologies, Inc.	SIGA	826917106	Health Care	20,266	$139,835.40	0.37%
SkyWest, Inc.	SKYW	830879102	Industrials	1,236	$140,421.96	0.37%
Virtu Financial, Inc. (Class A)	VIRT	928254101	Financials	3,233	$142,413.65	0.37%
Academy Sports and Outdoors, Inc.	ASO	00402L107	Consumer Discretionary	2,652	$137,585.76	0.36%
Hudson Technologies, Inc.	HDSN	444144109	Industrials	16,593	$139,381.20	0.36%
Sabra Health Care REIT, Inc.	SBRA	78573L106	Real Estate	7,489	$137,572.93	0.36%
TTM Technologies, Inc.	TTMI	87305R109	Information Technology	3,120	$136,905.60	0.36%
Ennis, Inc.	EBF	293389102	Industrials	7,121	$133,661.17	0.35%
SPX Technologies	SPXC	78473E103	Industrials	779	$134,829.32	0.35%
StoneX Group Inc.	SNEX	861896108	Financials	1,392	$134,119.20	0.35%
Trustmark Corporation	TRMK	898402102	Financials	3,493	$135,179.10	0.35%
Archrock, Inc.	AROC	03957W106	Energy	5,571	$129,860.01	0.34%
Essent Group Ltd.	ESNT	G3198U102	Financials	2,261	$128,356.97	0.34%
Federated Hermes, Inc. (Class B)	FHI	314211103	Financials	2,837	$131,409.84	0.34%
Grand Canyon Education, Inc.	LOPE	38526M106	Consumer Discretionary	748	$130,324.04	0.34%
Otter Tail Corporation	OTTR	689648103	Utilities	1,607	$128,993.89	0.34%
PJT Partners Inc. (Class A)	PJT	69343T107	Financials	724	$129,328.12	0.34%
Sensient Technologies Corporation	SXT	81725T100	Materials	1,185	$129,461.25	0.34%
Turning Point Brands, Inc.	TPB	90041L105	Consumer Staples	1,812	$131,678.04	0.34%
United States Lime & Minerals, Inc.	USLM	911922102	Materials	1,264	$128,915.36	0.34%
Innoviva, Inc.	INVA	45781M101	Health Care	6,681	$127,339.86	0.33%
Scorpio Tankers Inc.	STNG	Y7542C130	Energy	2,797	$127,403.35	0.33%
UFP Technologies, Inc.	UFPT	902673102	Health Care	504	$127,285.20	0.33%
Bel Fuse Inc. (Class B)	BELFB	077347300	Information Technology	1,205	$123,271.50	0.32%
Dorian LPG Ltd.	LPG	Y2106R110	Energy	4,360	$120,902.80	0.32%
Home BancShares, Inc.	HOMB	436893200	Financials	4,090	$121,677.50	0.32%
Medpace Holdings, Inc.	MEDP	58506Q109	Health Care	371	$121,777.04	0.32%
National Vision Holdings, Inc.	EYE	63845R107	Consumer Discretionary	5,000	$122,700.00	0.32%
Adient Plc	ADNT	G0084W101	Consumer Discretionary	5,193	$118,763.91	0.31%
International Bancshares Corporation	IBOC	459044103	Financials	1,672	$117,474.72	0.31%
Stride, Inc.	LRN	86333M108	Consumer Discretionary	872	$118,522.24	0.31%
TEGNA Inc.	TGNA	87901J105	Communication Services	6,903	$120,319.29	0.31%
Ardmore Shipping Corporation	ASC	Y0207T100	Energy	11,173	$115,752.28	0.30%
Bread Financial Holdings, Inc.	BFH	018581108	Financials	1,867	$116,799.52	0.30%
Nicolet Bankshares, Inc.	NIC	65406E102	Financials	873	$113,786.82	0.30%
Patria Investments Limited (Class A)	PAX	G69451105	Financials	8,330	$115,620.40	0.30%
Q2 Holdings, Inc.	QTWO	74736L109	Information Technology	1,230	$113,885.70	0.30%
Signet Jewelers Limited	SIG	G81276100	Consumer Discretionary	1,434	$115,766.82	0.30%
Simulations Plus, Inc.	SLP	829214105	Health Care	6,575	$115,522.75	0.30%
ACADIA Pharmaceuticals Inc.	ACAD	004225108	Health Care	5,089	$112,263.34	0.29%
Certara, Inc.	CERT	15687V109	Health Care	9,750	$112,125.00	0.29%
CSW Industrials, Inc.	CSW	126402106	Industrials	359	$109,376.53	0.29%
Green Brick Partners, Inc.	GRBK	392709101	Consumer Discretionary	1,660	$111,469.00	0.29%
Harmony Biosciences Holdings, Inc.	HRMY	413197104	Health Care	3,189	$109,478.37	0.29%
Highwoods Properties, Inc.	HIW	431284108	Real Estate	3,507	$109,769.10	0.29%
InMode Ltd.	INMD	M5425M103	Health Care	7,375	$111,952.50	0.29%
National HealthCare Corporation	NHC	635906100	Health Care	1,055	$109,751.65	0.29%
Park National Corporation	PRK	700658107	Financials	630	$112,089.60	0.29%
Pitney Bowes Inc.	PBI	724479100	Industrials	10,049	$111,342.92	0.29%
Steelcase Inc.	SCS	858155203	Industrials	10,110	$110,300.10	0.29%
Cars.com Inc.	CARS	14575E105	Communication Services	8,556	$109,003.44	0.28%
Cinemark Holdings, Inc.	CNK	17243V102	Communication Services	3,550	$105,967.50	0.28%
Cushman & Wakefield Plc	CWK	G2717B108	Real Estate	9,014	$106,635.62	0.28%
Daktronics, Inc.	DAKT	234264109	Information Technology	6,464	$106,268.16	0.28%
Esquire Financial Holdings, Inc.	ESQ	29667J101	Financials	1,098	$107,219.70	0.28%
iRhythm Technologies, Inc.	IRTC	450056106	Health Care	785	$105,747.35	0.28%
M/I Homes, Inc.	MHO	55305B101	Consumer Discretionary	887	$107,353.61	0.28%
MillerKnoll Inc.	MLKN	600544100	Industrials	5,097	$108,158.34	0.28%
OFG Bancorp	OFG	67103X102	Financials	2,407	$107,809.53	0.28%
Primo Brands Corporation (Class A)	PRMB	741623102	Consumer Staples	3,473	$106,030.69	0.28%
Terex Corporation	TEX	880779103	Industrials	2,015	$107,601.00	0.28%
Universal Insurance Holdings, Inc.	UVE	91359V107	Financials	4,451	$108,203.81	0.28%
Barrett Business Services, Inc.	BBSI	068463108	Industrials	2,364	$101,793.84	0.27%
Eagle Bancorp, Inc.	EGBN	268948106	Financials	4,855	$103,460.05	0.27%
Independent Bank Corp.	INDB	453836108	Financials	1,514	$102,058.74	0.27%
Life360, Inc.	LIF	532206109	Information Technology	1,620	$104,133.60	0.27%
MasterBrand, Inc.	MBC	57638P104	Industrials	8,599	$103,703.94	0.27%
Metropolitan Bank Holding Corp.	MCB	591774104	Financials	1,389	$102,438.75	0.27%
PVH Corp.	PVH	693656100	Consumer Discretionary	1,369	$101,716.70	0.27%
Tutor Perini Corporation	TPC	901109108	Industrials	2,123	$102,031.38	0.27%
Apogee Enterprises, Inc.	APOG	037598109	Industrials	2,249	$98,866.04	0.26%
ConnectOne Bancorp, Inc.	CNOB	20786W107	Financials	3,971	$100,506.01	0.26%
Ethan Allen Interiors Inc.	ETD	297602104	Consumer Discretionary	3,269	$99,116.08	0.26%
First Interstate BancSystem, Inc.	FIBK	32055Y201	Financials	3,144	$98,658.72	0.26%
IDT Corporation (Class B)	IDT	448947507	Communication Services	1,582	$98,843.36	0.26%
Photronics, Inc.	PLAB	719405102	Information Technology	5,005	$99,499.40	0.26%
Tactile Systems Technology, Inc.	TCMD	87357P100	Health Care	9,625	$98,752.50	0.26%
Teradata Corporation	TDC	88076W103	Information Technology	4,540	$101,105.80	0.26%
Universal Corporation	UVV	913456109	Consumer Staples	1,725	$100,912.50	0.26%
USANA Health Sciences, Inc.	USNA	90328M107	Consumer Staples	2,928	$97,824.48	0.26%
ACI Worldwide, Inc.	ACIW	004498101	Information Technology	2,143	$96,670.73	0.25%
Amalgamated Financial Corp.	AMAL	022671101	Financials	2,894	$96,514.90	0.25%
Astronics Corporation	ATRO	046433108	Industrials	3,105	$96,534.45	0.25%
BrightSpring Health Services, Inc.	BTSG	10950A106	Health Care	4,651	$97,019.86	0.25%
Chord Energy Corporation	CHRD	674215207	Energy	895	$96,758.45	0.25%
Globus Medical, Inc. (Class A)	GMED	379577208	Health Care	1,685	$97,393.00	0.25%
HCI Group, Inc.	HCI	40416E103	Financials	679	$95,107.53	0.25%
Helen of Troy Limited	HELE	G4388N106	Consumer Discretionary	3,920	$93,923.20	0.25%
Hub Group, Inc.	HUBG	443320106	Industrials	2,591	$94,908.33	0.25%
Ingles Markets, Incorporated	IMKTA	457030104	Consumer Staples	1,427	$95,651.81	0.25%
John Wiley & Sons, Inc. (Class A)	WLY	968223206	Communication Services	2,199	$95,700.48	0.25%
OceanFirst Financial Corp.	OCFC	675234108	Financials	5,039	$95,690.61	0.25%
Ramaco Resources, Inc. (Class A)	METC	75134P600	Materials	5,791	$96,304.33	0.25%
Abercrombie & Fitch Co. (Class A)	ANF	002896207	Consumer Discretionary	1,052	$92,828.48	0.24%
Caleres, Inc.	CAL	129500104	Consumer Discretionary	6,334	$91,716.32	0.24%
Cavco Industries, Inc.	CVCO	149568107	Consumer Discretionary	208	$93,279.68	0.24%
CompoSecure, Inc. (Class A)	CMPO	20459V105	Information Technology	6,247	$90,956.32	0.24%
Hyster-Yale, Inc.	HY	449172105	Industrials	2,164	$92,229.68	0.24%
Kelly Services, Inc.	KELYA	488152208	Industrials	7,369	$93,659.99	0.24%
Peoples Bancorp Inc.	PEBO	709789101	Financials	2,925	$93,219.75	0.24%
A10 Networks, Inc.	ATEN	002121101	Information Technology	4,657	$88,157.01	0.23%
ANI Pharmaceuticals, Inc.	ANIP	00182C103	Health Care	1,346	$88,970.60	0.23%
Astrana Health Inc.	ASTH	03763A207	Health Care	3,510	$89,891.10	0.23%
AvePoint, Inc.	AVPT	053604104	Information Technology	4,851	$88,288.20	0.23%
Axsome Therapeutics, Inc.	AXSM	05464T104	Health Care	806	$89,248.38	0.23%
BioCryst Pharmaceuticals, Inc.	BCRX	09058V103	Health Care	9,769	$86,748.72	0.23%
DNOW Inc.	DNOW	67011P100	Industrials	6,364	$88,077.76	0.23%
NetScout Systems, Inc.	NTCT	64115T104	Information Technology	3,990	$89,814.90	0.23%
Penguin Solutions Inc.	PENG	706915105	Information Technology	3,746	$89,267.18	0.23%
Radian Group Inc.	RDN	750236101	Financials	2,628	$89,982.72	0.23%
SITE Centers Corp.	SITC	82981J851	Real Estate	7,503	$87,034.80	0.23%
The ODP Corporation	ODP	88337F105	Consumer Discretionary	4,689	$87,074.73	0.23%
Vitesse Energy, Inc.	VTS	92852X103	Energy	3,769	$88,759.95	0.23%
CBL & Associates Properties, Inc.	CBL	124830878	Real Estate	3,224	$83,952.96	0.22%
DHT Holdings, Inc.	DHT	Y2065G121	Energy	7,630	$84,158.90	0.22%
LeMaitre Vascular, Inc.	LMAT	525558201	Health Care	970	$83,177.50	0.22%
LivaNova Plc	LIVN	G5509L101	Health Care	1,833	$85,546.11	0.22%
PC Connection, Inc.	CNXN	69318J100	Information Technology	1,256	$84,478.56	0.22%
Scholastic Corporation	SCHL	807066105	Communication Services	3,724	$82,412.12	0.22%
The Andersons, Inc.	ANDE	034164103	Consumer Staples	2,224	$85,512.80	0.22%
Victory Capital Holdings, Inc. (Class A)	VCTR	92645B103	Financials	1,287	$85,250.88	0.22%
Adaptive Biotechnologies Corporation	ADPT	00650F109	Health Care	6,746	$81,491.68	0.21%
Cimpress Plc	CMPR	G2143T103	Industrials	1,659	$81,722.34	0.21%
PTC Therapeutics, Inc.	PTCT	69366J200	Health Care	1,631	$80,767.12	0.21%
Sun Country Airlines Holdings, Inc.	SNCY	866683105	Industrials	6,081	$81,911.07	0.21%
BellRing Brands, Inc.	BRBR	07831C103	Consumer Staples	1,329	$77,467.41	0.20%
Coca-Cola Consolidated, Inc.	COKE	191098102	Consumer Staples	675	$77,071.50	0.20%
Concentrix Corporation	CNXC	20602D101	Industrials	1,254	$74,713.32	0.20%
Krystal Biotech, Inc.	KRYS	501147102	Health Care	507	$75,918.18	0.20%
Liquidity Services, Inc.	LQDT	53635B107	Industrials	3,121	$76,152.40	0.20%
ACM Research, Inc. (Class A)	ACMR	00108J109	Information Technology	2,523	$73,646.37	0.19%
BioLife Solutions, Inc.	BLFS	09062W204	Health Care	3,129	$71,090.88	0.19%
EverQuote, Inc. (Class A)	EVER	30041R108	Communication Services	2,869	$72,757.84	0.19%
Medifast, Inc.	MED	58470H101	Consumer Staples	5,067	$74,383.56	0.19%
Omnicell, Inc.	OMCL	68213N109	Health Care	2,442	$72,698.34	0.19%
Peabody Energy Corporation	BTU	704551100	Energy	4,876	$72,359.84	0.19%
The Buckle, Inc.	BKE	118440106	Consumer Discretionary	1,583	$74,575.13	0.19%
Cathay General Bancorp	CATY	149150104	Financials	1,435	$69,554.45	0.18%
DXC Technology Company	DXC	23355L106	Information Technology	4,617	$69,762.87	0.18%
GigaCloud Technology Inc (Class A)	GCT	G38644103	Consumer Discretionary	3,278	$69,591.94	0.18%
Sezzle Inc.	SEZL	78435P105	Financials	456	$67,775.28	0.18%
AMN Healthcare Services, Inc.	AMN	001744101	Health Care	2,965	$65,526.50	0.17%
Avista Corporation	AVA	05379B107	Utilities	1,725	$66,050.25	0.17%
Groupon, Inc.	GRPN	399473206	Consumer Discretionary	1,822	$64,571.68	0.17%
Hallador Energy Company	HNRG	40609P105	Utilities	4,195	$66,448.80	0.17%
Premier, Inc. (Class A)	PINC	74051N102	Health Care	3,056	$65,581.76	0.17%
Sapiens International Corporation N.V.	SPNS	G7T16G103	Information Technology	2,223	$66,712.23	0.17%
Supernus Pharmaceuticals, Inc.	SUPN	868459108	Health Care	2,015	$66,777.10	0.17%
AMC Networks Inc. (Class A)	AMCX	00164V103	Communication Services	10,242	$61,861.68	0.16%
Angi Inc. (Class A)	ANGI	00183L201	Communication Services	3,586	$60,424.10	0.16%
Brady Corporation	BRC	104674106	Industrials	872	$60,604.00	0.16%
Heritage Insurance Holdings, Inc.	HRTG	42727J102	Financials	2,886	$61,587.24	0.16%
Alarm.com Holdings, Inc.	ALRM	011642105	Information Technology	995	$56,336.90	0.15%
FirstCash Holdings, Inc.	FCFS	33768G107	Financials	423	$56,149.02	0.15%
Innodata, Inc.	INOD	457642205	Industrials	1,070	$56,389.00	0.15%
Limbach Holdings, Inc.	LMB	53263P105	Industrials	382	$57,003.96	0.15%
PriceSmart, Inc.	PSMT	741511109	Consumer Staples	560	$57,512.00	0.15%
Hancock Whitney Corporation	HWC	410120109	Financials	869	$53,738.96	0.14%
Kohl's Corporation	KSS	500255104	Consumer Discretionary	5,192	$50,102.80	0.13%
LiveRamp Holdings, Inc.	RAMP	53815P108	Information Technology	1,442	$48,278.16	0.13%
Yext, Inc.	YEXT	98585N106	Information Technology	5,866	$48,042.54	0.13%
American Eagle Outfitters, Inc.	AEO	02553E106	Consumer Discretionary	4,376	$44,285.12	0.12%
Griffon Corporation	GFF	398433102	Industrials	592	$47,135.04	0.12%
Healthcare Services Group, Inc.	HCSG	421906108	Industrials	3,433	$47,444.06	0.12%
Laureate Education, Inc. (Class A)	LAUR	518613203	Consumer Discretionary	1,871	$44,632.73	0.12%
Owens & Minor, Inc.	OMI	690732102	Health Care	5,652	$46,798.56	0.12%
Taylor Morrison Home Corporation	TMHC	87724P106	Consumer Discretionary	716	$47,005.40	0.12%
Mirum Pharmaceuticals, Inc.	MIRM	604749101	Health Care	778	$41,241.78	0.11%
Phreesia Inc.	PHR	71944F106	Health Care	1,489	$42,689.63	0.11%
Root, Inc. (Class A)	ROOT	77664L207	Financials	352	$42,820.80	0.11%
Central Pacific Financial Corp.	CPF	154760409	Financials	1,319	$38,593.94	0.10%
Kennametal Inc.	KMT	489170100	Industrials	1,501	$37,149.75	0.10%
MAXIMUS, Inc.	MMS	577933104	Industrials	517	$37,616.92	0.10%
NMI Holdings, Inc. (Class A)	NMIH	629209305	Financials	964	$37,200.76	0.10%
Resolute Holdings Management, Inc.	RHLD	76134H101	Industrials	999	$39,840.12	0.10%
US Dollar	$USD		Other	36,815	$36,815.08	0.10%
Deluxe Corporation	DLX	248019101	Industrials	1,967	$33,222.63	0.09%
ePlus inc.	PLUS	294268107	Information Technology	491	$34,969.02	0.09%
ManpowerGroup Inc.	MAN	56418H100	Industrials	735	$33,016.20	0.09%
MRC Global Inc.	MRC	55345K103	Industrials	2,789	$36,145.44	0.09%
Murphy Oil Corporation	MUR	626717102	Energy	1,382	$36,236.04	0.09%
Sally Beauty Holdings, Inc.	SBH	79546E104	Consumer Discretionary	3,355	$33,550.00	0.09%
Carter's, Inc.	CRI	146229109	Consumer Discretionary	897	$29,699.67	0.08%
The Western Union Company	WU	959802109	Financials	3,772	$32,401.48	0.08%
WNS (Holdings) Limited	WNS	G98196101	Industrials	392	$29,337.28	0.08%
Acadian Asset Management Inc.	AAMI	10948W103	Financials	709	$27,728.99	0.07%
ASGN Incorporated	ASGN	00191U102	Information Technology	545	$27,533.40	0.07%
International Money Express, Inc.	IMXI	46005L101	Financials	2,546	$26,045.58	0.07%
Kontoor Brands, Inc.	KTB	50050N103	Consumer Discretionary	383	$27,005.33	0.07%
Option Care Health, Inc.	OPCH	68404L201	Health Care	836	$25,489.64	0.07%
Watts Water Technologies, Inc.	WTS	942749102	Industrials	106	$27,364.96	0.07%
Acuity, Inc.	AYI	00508Y102	Industrials	78	$23,609.82	0.06%
Alamo Group Inc.	ALG	011311107	Industrials	93	$21,085.89	0.06%
Artisan Partners Asset Management Inc. (Class A)	APAM	04316A108	Financials	476	$22,905.12	0.06%
Calix, Inc.	CALX	13100M509	Information Technology	414	$21,134.70	0.06%
Frontdoor, Inc.	FTDR	35905A109	Consumer Discretionary	375	$21,892.50	0.06%
Glaukos Corporation	GKOS	377322102	Health Care	206	$21,949.30	0.06%
GMS Inc.	GMS	36251C103	Industrials	195	$21,327.15	0.06%
Janus International Group, Inc.	JBI	47103N106	Industrials	2,592	$23,768.64	0.06%
Pathward Financial Inc.	CASH	59100U108	Financials	253	$21,214.05	0.06%
Addus HomeCare Corporation	ADUS	006739106	Health Care	160	$17,952.00	0.05%
Adeia Inc.	ADEA	00676P107	Information Technology	1,285	$19,223.60	0.05%
Apple Hospitality REIT, Inc.	APLE	03784Y200	Real Estate	1,504	$18,845.12	0.05%
Avnet, Inc.	AVT	053807103	Information Technology	343	$19,310.90	0.05%
CarGurus, Inc.	CARG	141788109	Communication Services	601	$20,842.68	0.05%
First Hawaiian, Inc.	FHB	32051X108	Financials	736	$19,290.56	0.05%
Fresh Del Monte Produce Inc.	FDP	G36738105	Consumer Staples	553	$18,542.09	0.05%
Graham Holdings Company	GHC	384637104	Consumer Discretionary	21	$19,467.21	0.05%
Harrow, Inc.	HROW	415858109	Health Care	634	$19,888.58	0.05%
Heidrick & Struggles International, Inc.	HSII	422819102	Industrials	433	$20,957.20	0.05%
Heritage Financial Corporation	HFWA	42722X106	Financials	779	$19,981.35	0.05%
HNI Corporation	HNI	404251100	Industrials	370	$19,395.40	0.05%
International Seaways, Inc.	INSW	Y41053102	Energy	521	$20,741.01	0.05%
Interparfums, Inc.	IPAR	458334109	Consumer Staples	142	$19,381.58	0.05%
Magnolia Oil & Gas Corporation (Class A)	MGY	559663109	Energy	784	$18,557.28	0.05%
Main Street Capital Corporation	MAIN	56035L104	Financials	329	$20,473.67	0.05%
MDU Resources Group, Inc.	MDU	552690109	Utilities	1,082	$17,961.20	0.05%
Park Hotels & Resorts Inc.	PK	700517105	Real Estate	1,680	$19,051.20	0.05%
SI-BONE, Inc.	SIBN	825704109	Health Care	1,034	$19,418.52	0.05%
The Hackett Group, Inc.	HCKT	404609109	Information Technology	710	$17,948.80	0.05%
Weis Markets, Inc.	WMK	948849104	Consumer Staples	277	$20,722.37	0.05%
Yelp Inc.	YELP	985817105	Communication Services	510	$17,906.10	0.05%
Enerpac Tool Group Corp.	EPAC	292765104	Industrials	410	$15,625.10	0.04%
Movado Group, Inc.	MOV	624580106	Consumer Discretionary	950	$15,969.50	0.04%
Upbound Group Inc.	UPBD	76009N100	Consumer Discretionary	581	$15,594.04	0.04%
Avanos Medical, Inc.	AVNS	05350V106	Health Care	1,039	$12,738.14	0.03%
Axogen, Inc.	AXGN	05463X106	Health Care	1,036	$12,483.80	0.03%
Natural Grocers by Vitamin Cottage, Inc.	NGVC	63888U108	Consumer Staples	222	$8,675.76	0.02%
Par Pacific Holdings, Inc.	PARR	69888T207	Energy	206	$7,133.78	0.02%
BancFirst Corporation	BANF	05945F103	Financials	34	$4,450.94	0.01%
Standard Motor Products, Inc.	SMP	853666105	Consumer Discretionary	154	$5,165.16	0.01%
EZCORP, Inc.	EZPW	302301106	Financials	36	$497.52	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.