First Trust Active Factor Small Cap ETF (AFSM)
Holdings of the Fund as of 7/3/2025

Total Number of Holdings (excluding cash): 330

Security Name Identifier CUSIP Classification Shares / Quantity Market Value Weighting Descending sort
Carpenter Technology Corporation CRS 144285103 Materials 2,099 $586,838.42 1.53%
Halozyme Therapeutics, Inc. HALO 40637H109 Health Care 6,795 $366,930.00 0.96%
Cal-Maine Foods, Inc. CALM 128030202 Consumer Staples 3,479 $357,989.10 0.93%
Corcept Therapeutics Inc. CORT 218352102 Health Care 4,961 $358,531.47 0.93%
ADMA Biologics, Inc. ADMA 000899104 Health Care 19,029 $347,850.12 0.91%
Dave Inc. (Class A) DAVE 23834J201 Financials 1,217 $342,938.43 0.89%
InterDigital, Inc. IDCC 45867G101 Information Technology 1,487 $333,861.24 0.87%
Sprouts Farmers Market, Inc. SFM 85208M102 Consumer Staples 2,036 $330,422.44 0.86%
REV Group, Inc. REVG 749527107 Industrials 6,293 $316,223.25 0.82%
Catalyst Pharmaceuticals, Inc. CPRX 14888U101 Health Care 13,731 $294,667.26 0.77%
Grindr Inc. GRND 39854F101 Communication Services 12,841 $289,307.73 0.75%
Brinker International, Inc. EAT 109641100 Consumer Discretionary 1,545 $282,379.65 0.73%
Sanmina Corporation SANM 801056102 Information Technology 2,630 $269,154.20 0.70%
American Healthcare REIT, Inc. AHR 398182303 Real Estate 7,124 $264,086.68 0.69%
Applied Industrial Technologies, Inc. AIT 03820C105 Industrials 1,084 $266,382.16 0.69%
Badger Meter, Inc. BMI 056525108 Information Technology 1,082 $262,514.84 0.68%
SiriusPoint Ltd. SPNT G8192H106 Financials 13,123 $259,835.40 0.68%
ESCO Technologies Inc. ESE 296315104 Industrials 1,309 $256,707.99 0.67%
Comfort Systems USA, Inc. FIX 199908104 Industrials 472 $255,342.56 0.66%
Commvault Systems, Inc. CVLT 204166102 Information Technology 1,451 $253,272.05 0.66%
Enact Holdings, Inc. ACT 29249E109 Financials 6,717 $253,902.60 0.66%
Hawkins, Inc. HWKN 420261109 Materials 1,661 $253,252.67 0.66%
MGIC Investment Corporation MTG 552848103 Financials 8,926 $254,569.52 0.66%
EMCOR Group, Inc. EME 29084Q100 Industrials 450 $246,249.00 0.64%
Preferred Bank PFBC 740367404 Financials 2,599 $237,704.54 0.62%
TG Therapeutics, Inc. TGTX 88322Q108 Health Care 6,497 $238,569.84 0.62%
The Bancorp, Inc. TBBK 05969A105 Financials 3,846 $226,529.40 0.59%
Clear Secure, Inc. (Class A) YOU 18467V109 Information Technology 7,673 $222,517.00 0.58%
PHINIA Inc. PHIN 71880K101 Consumer Discretionary 4,589 $217,289.15 0.57%
Sylvamo Corporation SLVM 871332102 Materials 4,141 $219,514.41 0.57%
Blue Bird Corporation BLBD 095306106 Industrials 4,691 $213,909.60 0.56%
City Holding Company CHCO 177835105 Financials 1,684 $217,033.92 0.56%
Dorman Products, Inc. DORM 258278100 Consumer Discretionary 1,681 $215,319.29 0.56%
First Financial Corporation THFF 320218100 Financials 3,799 $216,467.02 0.56%
OneSpan Inc. OSPN 68287N100 Information Technology 12,220 $213,727.80 0.56%
Carvana Co. (Class A) CVNA 146869102 Consumer Discretionary 602 $209,694.66 0.55%
First BanCorp. FBP 318672706 Financials 9,565 $209,760.45 0.55%
Mueller Water Products, Inc. MWA 624758108 Industrials 8,582 $212,747.78 0.55%
NETGEAR, Inc. NTGR 64111Q104 Information Technology 7,159 $210,546.19 0.55%
Progyny, Inc. PGNY 74340E103 Health Care 9,862 $211,638.52 0.55%
Digi International Inc. DGII 253798102 Information Technology 5,823 $209,278.62 0.54%
EPR Properties EPR 26884U109 Real Estate 3,485 $207,357.50 0.54%
Hamilton Insurance Group, Ltd. (Class B) HG G42706104 Financials 9,659 $206,606.01 0.54%
Mitek Systems, Inc. MITK 606710200 Information Technology 19,876 $205,716.60 0.54%
National Health Investors, Inc. NHI 63633D104 Real Estate 2,944 $208,435.20 0.54%
Teekay Tankers Ltd. (Class A) TNK G8726X106 Energy 4,660 $206,205.00 0.54%
Axcelis Technologies, Inc. ACLS 054540208 Information Technology 2,786 $203,489.44 0.53%
CorVel Corporation CRVL 221006109 Health Care 1,985 $204,157.25 0.53%
Kiniksa Pharmaceuticals International, Plc (Class A) KNSA G52694109 Health Care 7,260 $202,408.80 0.53%
Universal Technical Institute, Inc. UTI 913915104 Consumer Discretionary 6,267 $202,424.10 0.53%
Ames National Corporation ATLO 031001100 Financials 10,767 $200,050.86 0.52%
Peoples Bancorp of North Carolina, Inc. PEBK 710577107 Financials 6,285 $199,485.90 0.52%
Interface, Inc. TILE 458665304 Industrials 8,857 $196,005.41 0.51%
S&T Bancorp, Inc. STBA 783859101 Financials 4,911 $195,703.35 0.51%
Atkore Inc. ATKR 047649108 Industrials 2,571 $193,184.94 0.50%
Nu Skin Enterprises, Inc. (Class A) NUS 67018T105 Consumer Staples 21,610 $192,761.20 0.50%
Perdoceo Education Corporation PRDO 71363P106 Consumer Discretionary 5,962 $190,903.24 0.50%
The Bank of N.T. Butterfield & Son Limited NTB G0772R208 Financials 4,156 $192,589.04 0.50%
Tri Pointe Homes, Inc. TPH 87265H109 Consumer Discretionary 5,810 $191,613.80 0.50%
Verint Systems Inc. VRNT 92343X100 Information Technology 8,896 $191,352.96 0.50%
Alkermes Plc ALKS G01767105 Health Care 6,493 $187,323.05 0.49%
Excelerate Energy, Inc. (Class A) EE 30069T101 Energy 6,527 $188,956.65 0.49%
Matson, Inc. MATX 57686G105 Industrials 1,666 $188,507.90 0.49%
Virtus Investment Partners, Inc. VRTS 92828Q109 Financials 946 $188,348.60 0.49%
Adtalem Global Education Inc. ATGE 00737L103 Consumer Discretionary 1,506 $185,313.30 0.48%
DXP Enterprises, Inc. DXPE 233377407 Industrials 1,990 $182,542.70 0.48%
Genco Shipping & Trading Limited GNK Y2685T131 Industrials 13,268 $185,088.60 0.48%
Northeast Community Bancorp, Inc. NECB 664121100 Financials 7,410 $182,878.80 0.48%
Boise Cascade Company BCC 09739D100 Industrials 1,937 $180,431.55 0.47%
ScanSource, Inc. SCSC 806037107 Information Technology 4,161 $178,506.90 0.46%
The RMR Group Inc. (Class A) RMR 74967R106 Real Estate 10,122 $177,438.66 0.46%
G-III Apparel Group, Ltd. GIII 36237H101 Consumer Discretionary 7,449 $173,114.76 0.45%
Harmonic Inc. HLIT 413160102 Information Technology 17,710 $173,735.10 0.45%
IES Holdings, Inc. IESC 44951W106 Industrials 565 $173,121.65 0.45%
CSG Systems International, Inc. CSGS 126349109 Industrials 2,572 $169,854.88 0.44%
Fidelis Insurance Holdings Limited FIHL G3398L118 Financials 10,520 $170,318.80 0.44%
H&R Block, Inc. HRB 093671105 Consumer Discretionary 3,035 $170,324.20 0.44%
Lantheus Holdings, Inc. LNTH 516544103 Health Care 2,108 $169,525.36 0.44%
SunCoke Energy, Inc. SXC 86722A103 Materials 19,237 $167,746.64 0.44%
Intapp, Inc. INTA 45827U109 Information Technology 3,467 $166,797.37 0.43%
Macy's, Inc. M 55616P104 Consumer Discretionary 13,139 $164,500.28 0.43%
Veracyte, Inc. VCYT 92337F107 Health Care 5,984 $164,619.84 0.43%
Innovative Industrial Properties, Inc. IIPR 45781V101 Real Estate 2,832 $161,197.44 0.42%
GeneDx Holdings Corp. WGS 81663L200 Health Care 1,728 $158,302.08 0.41%
Urban Outfitters, Inc. URBN 917047102 Consumer Discretionary 2,143 $157,660.51 0.41%
Hims & Hers Health, Inc. HIMS 433000106 Health Care 3,224 $154,687.52 0.40%
Pacira BioSciences, Inc. PCRX 695127100 Health Care 6,654 $154,505.88 0.40%
Huron Consulting Group Inc. HURN 447462102 Industrials 1,078 $150,499.58 0.39%
Ziff Davis, Inc. ZD 48123V102 Communication Services 4,594 $148,340.26 0.39%
Civitas Resources, Inc. CIVI 17888H103 Energy 4,961 $147,440.92 0.38%
CRA International, Inc. CRAI 12618T105 Industrials 735 $144,236.40 0.38%
Mueller Industries, Inc. MLI 624756102 Industrials 1,782 $147,264.48 0.38%
Sterling Infrastructure, Inc. STRL 859241101 Industrials 614 $145,315.38 0.38%
Alpha Metallurgical Resources, Inc. AMR 020764106 Materials 1,210 $141,134.40 0.37%
ExlService Holdings, Inc. EXLS 302081104 Industrials 3,147 $142,464.69 0.37%
Perimeter Solutions, Inc. PRM 71385M107 Materials 9,143 $140,710.77 0.37%
Virtu Financial, Inc. (Class A) VIRT 928254101 Financials 3,233 $143,900.83 0.37%
Archrock, Inc. AROC 03957W106 Energy 5,571 $137,603.70 0.36%
CorMedix Inc. CRMD 21900C308 Health Care 12,039 $139,893.18 0.36%
Essent Group Ltd. ESNT G3198U102 Financials 2,261 $139,955.90 0.36%
Grand Canyon Education, Inc. LOPE 38526M106 Consumer Discretionary 748 $137,205.64 0.36%
Hudson Technologies, Inc. HDSN 444144109 Industrials 16,593 $138,883.41 0.36%
Sabra Health Care REIT, Inc. SBRA 78573L106 Real Estate 7,489 $139,407.73 0.36%
TTM Technologies, Inc. TTMI 87305R109 Information Technology 3,120 $137,342.40 0.36%
Ennis, Inc. EBF 293389102 Industrials 7,121 $132,877.86 0.35%
SIGA Technologies, Inc. SIGA 826917106 Health Care 20,266 $135,579.54 0.35%
SkyWest, Inc. SKYW 830879102 Industrials 1,236 $133,216.08 0.35%
SPX Technologies SPXC 78473E103 Industrials 779 $134,790.37 0.35%
Trustmark Corporation TRMK 898402102 Financials 3,493 $134,794.87 0.35%
Turning Point Brands, Inc. TPB 90041L105 Consumer Staples 1,812 $133,852.44 0.35%
Federated Hermes, Inc. (Class B) FHI 314211103 Financials 2,837 $129,196.98 0.34%
StoneX Group Inc. SNEX 861896108 Financials 1,392 $130,583.52 0.34%
United States Lime & Minerals, Inc. USLM 911922102 Materials 1,264 $132,467.20 0.34%
Academy Sports and Outdoors, Inc. ASO 00402L107 Consumer Discretionary 2,652 $125,307.00 0.33%
Helen of Troy Limited HELE G4388N106 Consumer Discretionary 3,920 $128,027.20 0.33%
Innoviva, Inc. INVA 45781M101 Health Care 6,681 $128,342.01 0.33%
Otter Tail Corporation OTTR 689648103 Utilities 1,607 $128,061.83 0.33%
Sensient Technologies Corporation SXT 81725T100 Materials 1,185 $127,861.50 0.33%
UFP Technologies, Inc. UFPT 902673102 Health Care 504 $125,803.44 0.33%
Home BancShares, Inc. HOMB 436893200 Financials 4,090 $121,922.90 0.32%
PJT Partners Inc. (Class A) PJT 69343T107 Financials 724 $121,972.28 0.32%
Bel Fuse Inc. (Class B) BELFB 077347300 Information Technology 1,205 $120,620.50 0.31%
International Bancshares Corporation IBOC 459044103 Financials 1,672 $119,063.12 0.31%
Medpace Holdings, Inc. MEDP 58506Q109 Health Care 371 $119,276.50 0.31%
National Vision Holdings, Inc. EYE 63845R107 Consumer Discretionary 5,000 $119,500.00 0.31%
Patria Investments Limited (Class A) PAX G69451105 Financials 8,330 $120,701.70 0.31%
Scorpio Tankers Inc. STNG Y7542C130 Energy 2,797 $118,732.65 0.31%
Signet Jewelers Limited SIG G81276100 Consumer Discretionary 1,434 $120,542.04 0.31%
Stride, Inc. LRN 86333M108 Consumer Discretionary 872 $120,859.20 0.31%
TEGNA Inc. TGNA 87901J105 Communication Services 6,903 $119,007.72 0.31%
Adient Plc ADNT G0084W101 Consumer Discretionary 5,193 $116,219.34 0.30%
Ardmore Shipping Corporation ASC Y0207T100 Energy 11,173 $114,523.25 0.30%
National HealthCare Corporation NHC 635906100 Health Care 1,055 $114,404.20 0.30%
Nicolet Bankshares, Inc. NIC 65406E102 Financials 873 $114,825.69 0.30%
Pitney Bowes Inc. PBI 724479100 Industrials 10,049 $115,362.52 0.30%
Q2 Holdings, Inc. QTWO 74736L109 Information Technology 1,230 $116,345.70 0.30%
Simulations Plus, Inc. SLP 829214105 Health Care 6,575 $116,706.25 0.30%
Steelcase Inc. SCS 858155203 Industrials 10,110 $113,737.50 0.30%
Universal Insurance Holdings, Inc. UVE 91359V107 Financials 4,451 $115,503.45 0.30%
Bread Financial Holdings, Inc. BFH 018581108 Financials 1,867 $112,766.80 0.29%
Certara, Inc. CERT 15687V109 Health Care 9,750 $110,467.50 0.29%
Dorian LPG Ltd. LPG Y2106R110 Energy 4,360 $113,185.60 0.29%
Highwoods Properties, Inc. HIW 431284108 Real Estate 3,507 $109,944.45 0.29%
IDT Corporation (Class B) IDT 448947507 Communication Services 1,582 $110,407.78 0.29%
InMode Ltd. INMD M5425M103 Health Care 7,375 $111,805.00 0.29%
iRhythm Technologies, Inc. IRTC 450056106 Health Care 785 $111,838.95 0.29%
Park National Corporation PRK 700658107 Financials 630 $111,705.30 0.29%
ACADIA Pharmaceuticals Inc. ACAD 004225108 Health Care 5,089 $106,614.55 0.28%
Cinemark Holdings, Inc. CNK 17243V102 Communication Services 3,550 $109,020.50 0.28%
Cushman & Wakefield Plc CWK G2717B108 Real Estate 9,014 $106,815.90 0.28%
Daktronics, Inc. DAKT 234264109 Information Technology 6,464 $109,241.60 0.28%
Esquire Financial Holdings, Inc. ESQ 29667J101 Financials 1,098 $108,976.50 0.28%
Green Brick Partners, Inc. GRBK 392709101 Consumer Discretionary 1,660 $107,651.00 0.28%
Life360, Inc. LIF 532206109 Information Technology 1,620 $106,239.60 0.28%
MillerKnoll Inc. MLKN 600544100 Industrials 5,097 $108,107.37 0.28%
OFG Bancorp OFG 67103X102 Financials 2,407 $108,339.07 0.28%
Barrett Business Services, Inc. BBSI 068463108 Industrials 2,364 $102,053.88 0.27%
BrightSpring Health Services, Inc. BTSG 10950A106 Health Care 4,651 $102,880.12 0.27%
Cars.com Inc. CARS 14575E105 Communication Services 8,556 $104,383.20 0.27%
CSW Industrials, Inc. CSW 126402106 Industrials 359 $105,187.00 0.27%
Harmony Biosciences Holdings, Inc. HRMY 413197104 Health Care 3,189 $102,558.24 0.27%
M/I Homes, Inc. MHO 55305B101 Consumer Discretionary 887 $102,395.28 0.27%
Metropolitan Bank Holding Corp. MCB 591774104 Financials 1,389 $104,049.99 0.27%
Primo Brands Corporation (Class A) PRMB 741623102 Consumer Staples 3,473 $103,981.62 0.27%
Teradata Corporation TDC 88076W103 Information Technology 4,540 $105,373.40 0.27%
Tutor Perini Corporation TPC 901109108 Industrials 2,123 $102,286.14 0.27%
ACI Worldwide, Inc. ACIW 004498101 Information Technology 2,143 $99,028.03 0.26%
Astronics Corporation ATRO 046433108 Industrials 3,105 $101,316.15 0.26%
ConnectOne Bancorp, Inc. CNOB 20786W107 Financials 3,971 $99,314.71 0.26%
Eagle Bancorp, Inc. EGBN 268948106 Financials 4,855 $101,129.65 0.26%
Ethan Allen Interiors Inc. ETD 297602104 Consumer Discretionary 3,269 $98,494.97 0.26%
Globus Medical, Inc. (Class A) GMED 379577208 Health Care 1,685 $99,701.45 0.26%
HCI Group, Inc. HCI 40416E103 Financials 679 $99,650.04 0.26%
Independent Bank Corp. INDB 453836108 Financials 1,514 $101,347.16 0.26%
MasterBrand, Inc. MBC 57638P104 Industrials 8,599 $99,748.40 0.26%
NetScout Systems, Inc. NTCT 64115T104 Information Technology 3,990 $99,151.50 0.26%
Photronics, Inc. PLAB 719405102 Information Technology 5,005 $101,401.30 0.26%
PVH Corp. PVH 693656100 Consumer Discretionary 1,369 $99,170.36 0.26%
Terex Corporation TEX 880779103 Industrials 2,015 $100,326.85 0.26%
Universal Corporation UVV 913456109 Consumer Staples 1,725 $101,481.75 0.26%
Abercrombie & Fitch Co. (Class A) ANF 002896207 Consumer Discretionary 1,052 $96,363.20 0.25%
Amalgamated Financial Corp. AMAL 022671101 Financials 2,894 $96,514.90 0.25%
Apogee Enterprises, Inc. APOG 037598109 Industrials 2,249 $97,314.23 0.25%
Cavco Industries, Inc. CVCO 149568107 Consumer Discretionary 208 $95,143.36 0.25%
First Interstate BancSystem, Inc. FIBK 32055Y201 Financials 3,144 $97,841.28 0.25%
Ingles Markets, Incorporated IMKTA 457030104 Consumer Staples 1,427 $94,624.37 0.25%
John Wiley & Sons, Inc. (Class A) WLY 968223206 Communication Services 2,199 $95,194.71 0.25%
OceanFirst Financial Corp. OCFC 675234108 Financials 5,039 $94,632.42 0.25%
Radian Group Inc. RDN 750236101 Financials 2,628 $96,710.40 0.25%
Tactile Systems Technology, Inc. TCMD 87357P100 Health Care 9,625 $97,501.25 0.25%
USANA Health Sciences, Inc. USNA 90328M107 Consumer Staples 2,928 $95,950.56 0.25%
A10 Networks, Inc. ATEN 002121101 Information Technology 4,657 $93,791.98 0.24%
AvePoint, Inc. AVPT 053604104 Information Technology 4,851 $91,489.86 0.24%
Chord Energy Corporation CHRD 674215207 Energy 895 $93,429.05 0.24%
CompoSecure, Inc. (Class A) CMPO 20459V105 Information Technology 6,247 $92,767.95 0.24%
Hub Group, Inc. HUBG 443320106 Industrials 2,591 $92,654.16 0.24%
Hyster-Yale, Inc. HY 449172105 Industrials 2,164 $92,056.56 0.24%
Kelly Services, Inc. KELYA 488152208 Industrials 7,369 $91,301.91 0.24%
Peoples Bancorp Inc. PEBO 709789101 Financials 2,925 $93,892.50 0.24%
The ODP Corporation ODP 88337F105 Consumer Discretionary 4,689 $92,185.74 0.24%
ANI Pharmaceuticals, Inc. ANIP 00182C103 Health Care 1,346 $87,866.88 0.23%
Astrana Health Inc. ASTH 03763A207 Health Care 3,510 $88,732.80 0.23%
BioCryst Pharmaceuticals, Inc. BCRX 09058V103 Health Care 9,769 $87,334.86 0.23%
Caleres, Inc. CAL 129500104 Consumer Discretionary 6,334 $88,866.02 0.23%
DNOW Inc. DNOW 67011P100 Industrials 6,364 $89,923.32 0.23%
SITE Centers Corp. SITC 82981J851 Real Estate 7,503 $88,085.22 0.23%
Vitesse Energy, Inc. VTS 92852X103 Energy 3,769 $87,214.66 0.23%
Axsome Therapeutics, Inc. AXSM 05464T104 Health Care 806 $84,984.64 0.22%
CBL & Associates Properties, Inc. CBL 124830878 Real Estate 3,224 $84,468.80 0.22%
DHT Holdings, Inc. DHT Y2065G121 Energy 7,630 $84,311.50 0.22%
LivaNova Plc LIVN G5509L101 Health Care 1,833 $84,556.29 0.22%
PC Connection, Inc. CNXN 69318J100 Information Technology 1,256 $84,503.68 0.22%
Sezzle Inc. SEZL 78435P105 Financials 456 $83,064.96 0.22%
The Andersons, Inc. ANDE 034164103 Consumer Staples 2,224 $85,468.32 0.22%
Victory Capital Holdings, Inc. (Class A) VCTR 92645B103 Financials 1,287 $83,680.74 0.22%
Adaptive Biotechnologies Corporation ADPT 00650F109 Health Care 6,746 $79,602.80 0.21%
Cimpress Plc CMPR G2143T103 Industrials 1,659 $82,419.12 0.21%
Coca-Cola Consolidated, Inc. COKE 191098102 Consumer Staples 675 $79,454.25 0.21%
LeMaitre Vascular, Inc. LMAT 525558201 Health Care 970 $81,858.30 0.21%
PTC Therapeutics, Inc. PTCT 69366J200 Health Care 1,631 $80,033.17 0.21%
Scholastic Corporation SCHL 807066105 Communication Services 3,724 $80,550.12 0.21%
BellRing Brands, Inc. BRBR 07831C103 Consumer Staples 1,329 $76,523.82 0.20%
DXC Technology Company DXC 23355L106 Information Technology 4,617 $74,980.08 0.20%
Liquidity Services, Inc. LQDT 53635B107 Industrials 3,121 $75,590.62 0.20%
Penguin Solutions Inc. PENG 706915105 Information Technology 3,746 $78,179.02 0.20%
Sun Country Airlines Holdings, Inc. SNCY 866683105 Industrials 6,081 $76,498.98 0.20%
The Buckle, Inc. BKE 118440106 Consumer Discretionary 1,583 $75,445.78 0.20%
BioLife Solutions, Inc. BLFS 09062W204 Health Care 3,129 $71,466.36 0.19%
Concentrix Corporation CNXC 20602D101 Industrials 1,254 $71,678.64 0.19%
Krystal Biotech, Inc. KRYS 501147102 Health Care 507 $72,541.56 0.19%
Medifast, Inc. MED 58470H101 Consumer Staples 5,067 $73,876.86 0.19%
Omnicell, Inc. OMCL 68213N109 Health Care 2,442 $72,869.28 0.19%
ACM Research, Inc. (Class A) ACMR 00108J109 Information Technology 2,523 $70,164.63 0.18%
Cathay General Bancorp CATY 149150104 Financials 1,435 $68,836.95 0.18%
EverQuote, Inc. (Class A) EVER 30041R108 Communication Services 2,869 $70,376.57 0.18%
GigaCloud Technology Inc (Class A) GCT G38644103 Consumer Discretionary 3,278 $67,395.68 0.18%
Hallador Energy Company HNRG 40609P105 Utilities 4,195 $67,959.00 0.18%
Peabody Energy Corporation BTU 704551100 Energy 4,876 $70,702.00 0.18%
Premier, Inc. (Class A) PINC 74051N102 Health Care 3,056 $67,262.56 0.18%
Ramaco Resources, Inc. (Class A) METC 75134P600 Materials 5,791 $69,144.54 0.18%
AMN Healthcare Services, Inc. AMN 001744101 Health Care 2,965 $64,992.80 0.17%
Avista Corporation AVA 05379B107 Utilities 1,725 $66,171.00 0.17%
Groupon, Inc. GRPN 399473206 Consumer Discretionary 1,822 $65,191.16 0.17%
Heritage Insurance Holdings, Inc. HRTG 42727J102 Financials 2,886 $66,522.30 0.17%
Sapiens International Corporation N.V. SPNS G7T16G103 Information Technology 2,223 $66,890.07 0.17%
Supernus Pharmaceuticals, Inc. SUPN 868459108 Health Care 2,015 $64,439.70 0.17%
AMC Networks Inc. (Class A) AMCX 00164V103 Communication Services 10,242 $62,988.30 0.16%
Angi Inc. (Class A) ANGI 00183L201 Communication Services 3,586 $60,029.64 0.16%
Brady Corporation BRC 104674106 Industrials 872 $60,760.96 0.16%
PriceSmart, Inc. PSMT 741511109 Consumer Staples 560 $59,701.60 0.16%
Alarm.com Holdings, Inc. ALRM 011642105 Information Technology 995 $57,401.55 0.15%
FirstCash Holdings, Inc. FCFS 33768G107 Financials 423 $57,853.71 0.15%
Limbach Holdings, Inc. LMB 53263P105 Industrials 382 $56,994.40 0.15%
Hancock Whitney Corporation HWC 410120109 Financials 869 $53,069.83 0.14%
Healthcare Services Group, Inc. HCSG 421906108 Industrials 3,433 $51,975.62 0.14%
Innodata, Inc. INOD 457642205 Industrials 1,070 $53,639.10 0.14%
Owens & Minor, Inc. OMI 690732102 Health Care 5,652 $52,054.92 0.14%
Kohl's Corporation KSS 500255104 Consumer Discretionary 5,192 $48,181.76 0.13%
LiveRamp Holdings, Inc. RAMP 53815P108 Information Technology 1,442 $48,379.10 0.13%
Yext, Inc. YEXT 98585N106 Information Technology 5,866 $48,453.16 0.13%
American Eagle Outfitters, Inc. AEO 02553E106 Consumer Discretionary 4,376 $44,985.28 0.12%
Griffon Corporation GFF 398433102 Industrials 592 $46,099.04 0.12%
Laureate Education, Inc. (Class A) LAUR 518613203 Consumer Discretionary 1,871 $44,230.44 0.12%
Taylor Morrison Home Corporation TMHC 87724P106 Consumer Discretionary 716 $45,430.20 0.12%
NMI Holdings, Inc. (Class A) NMIH 629209305 Financials 964 $41,596.60 0.11%
Phreesia Inc. PHR 71944F106 Health Care 1,489 $43,166.11 0.11%
Root, Inc. (Class A) ROOT 77664L207 Financials 352 $43,897.92 0.11%
Central Pacific Financial Corp. CPF 154760409 Financials 1,319 $39,068.78 0.10%
Kennametal Inc. KMT 489170100 Industrials 1,501 $36,564.36 0.10%
MAXIMUS, Inc. MMS 577933104 Industrials 517 $37,255.02 0.10%
Mirum Pharmaceuticals, Inc. MIRM 604749101 Health Care 778 $39,133.40 0.10%
MRC Global Inc. MRC 55345K103 Industrials 2,789 $37,149.48 0.10%
Deluxe Corporation DLX 248019101 Industrials 1,967 $33,734.05 0.09%
ePlus inc. PLUS 294268107 Information Technology 491 $35,577.86 0.09%
Murphy Oil Corporation MUR 626717102 Energy 1,382 $33,817.54 0.09%
Resolute Holdings Management, Inc. RHLD 76134H101 Industrials 999 $36,213.75 0.09%
Sally Beauty Holdings, Inc. SBH 79546E104 Consumer Discretionary 3,355 $34,489.40 0.09%
ManpowerGroup Inc. MAN 56418H100 Industrials 735 $32,531.10 0.08%
The Western Union Company WU 959802109 Financials 3,772 $32,514.64 0.08%
Acadian Asset Management Inc. AAMI 10948W103 Financials 709 $26,644.22 0.07%
ASGN Incorporated ASGN 00191U102 Information Technology 545 $28,797.80 0.07%
Carter's, Inc. CRI 146229109 Consumer Discretionary 897 $28,246.53 0.07%
International Money Express, Inc. IMXI 46005L101 Financials 2,546 $27,573.18 0.07%
Kontoor Brands, Inc. KTB 50050N103 Consumer Discretionary 383 $27,583.66 0.07%
Option Care Health, Inc. OPCH 68404L201 Health Care 836 $26,049.76 0.07%
US Dollar $USD Other 28,367 $28,367.18 0.07%
Watts Water Technologies, Inc. WTS 942749102 Industrials 106 $27,060.74 0.07%
WNS (Holdings) Limited WNS G98196101 Industrials 392 $25,628.96 0.07%
Acuity, Inc. AYI 00508Y102 Industrials 78 $23,819.64 0.06%
Artisan Partners Asset Management Inc. (Class A) APAM 04316A108 Financials 476 $22,129.24 0.06%
Calix, Inc. CALX 13100M509 Information Technology 414 $22,327.02 0.06%
Frontdoor, Inc. FTDR 35905A109 Consumer Discretionary 375 $22,473.75 0.06%
Glaukos Corporation GKOS 377322102 Health Care 206 $21,321.00 0.06%
GMS Inc. GMS 36251C103 Industrials 195 $21,391.50 0.06%
Janus International Group, Inc. JBI 47103N106 Industrials 2,592 $23,302.08 0.06%
Addus HomeCare Corporation ADUS 006739106 Health Care 160 $17,897.60 0.05%
Adeia Inc. ADEA 00676P107 Information Technology 1,285 $18,812.40 0.05%
Alamo Group Inc. ALG 011311107 Industrials 93 $21,037.53 0.05%
Apple Hospitality REIT, Inc. APLE 03784Y200 Real Estate 1,504 $18,228.48 0.05%
Avnet, Inc. AVT 053807103 Information Technology 343 $19,300.61 0.05%
CarGurus, Inc. CARG 141788109 Communication Services 601 $20,253.70 0.05%
First Hawaiian, Inc. FHB 32051X108 Financials 736 $19,437.76 0.05%
Fresh Del Monte Produce Inc. FDP G36738105 Consumer Staples 553 $18,320.89 0.05%
Graham Holdings Company GHC 384637104 Consumer Discretionary 21 $20,005.02 0.05%
Harrow, Inc. HROW 415858109 Health Care 634 $20,129.50 0.05%
Heidrick & Struggles International, Inc. HSII 422819102 Industrials 433 $21,009.16 0.05%
Heritage Financial Corporation HFWA 42722X106 Financials 779 $19,950.19 0.05%
HNI Corporation HNI 404251100 Industrials 370 $19,277.00 0.05%
International Seaways, Inc. INSW Y41053102 Energy 521 $20,490.93 0.05%
Interparfums, Inc. IPAR 458334109 Consumer Staples 142 $19,674.10 0.05%
Magnolia Oil & Gas Corporation (Class A) MGY 559663109 Energy 784 $18,290.72 0.05%
Main Street Capital Corporation MAIN 56035L104 Financials 328 $20,050.64 0.05%
MDU Resources Group, Inc. MDU 552690109 Utilities 1,082 $18,188.42 0.05%
Park Hotels & Resorts Inc. PK 700517105 Real Estate 1,680 $18,211.20 0.05%
Pathward Financial Inc. CASH 59100U108 Financials 253 $20,930.69 0.05%
SI-BONE, Inc. SIBN 825704109 Health Care 1,034 $19,097.98 0.05%
The Hackett Group, Inc. HCKT 404609109 Information Technology 710 $18,232.80 0.05%
Weis Markets, Inc. WMK 948849104 Consumer Staples 277 $20,996.60 0.05%
Yelp Inc. YELP 985817105 Communication Services 510 $17,957.10 0.05%
Enerpac Tool Group Corp. EPAC 292765104 Industrials 410 $15,600.50 0.04%
Movado Group, Inc. MOV 624580106 Consumer Discretionary 950 $15,665.50 0.04%
Upbound Group Inc. UPBD 76009N100 Consumer Discretionary 581 $15,309.35 0.04%
Avanos Medical, Inc. AVNS 05350V106 Health Care 1,039 $12,831.65 0.03%
Axogen, Inc. AXGN 05463X106 Health Care 1,036 $11,323.48 0.03%
Natural Grocers by Vitamin Cottage, Inc. NGVC 63888U108 Consumer Staples 222 $8,899.98 0.02%
Par Pacific Holdings, Inc. PARR 69888T207 Energy 206 $6,478.70 0.02%
BancFirst Corporation BANF 05945F103 Financials 34 $4,465.90 0.01%
Standard Motor Products, Inc. SMP 853666105 Consumer Discretionary 154 $5,148.22 0.01%
EZCORP, Inc. EZPW 302301106 Financials 36 $505.08 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.