|
WILSHIRE MUTUAL FUNDS, INC.
|
||||
|
SMALL COMPANY VALUE PORTFOLIO
|
September 30, 2022 (Unaudited)
|
|||
|
SCHEDULE OF INVESTMENTS
|
||||
|
Shares
|
Value
|
||||
|
COMMON STOCKS - 99.0% (a)
|
|||||
|
Communication Services - 1.0%
|
|||||
|
Bandwidth, Inc. - Class A (b)
|
950
|
$ |
11,305
|
||
|
Clear Channel Outdoor Holdings, Inc. (b)
|
4,800
|
6,576
|
|||
|
EchoStar Corp. - Class A (b)
|
630
|
10,376
|
|||
|
Emerald Holding, Inc. (b)
|
2,900
|
9,802
|
|||
|
Entravision Communications Corp. - Class A
|
1,700
|
6,749
|
|||
|
Iridium Communications, Inc. (b)
|
900
|
39,933
|
|||
|
Liberty Latin America Ltd. - Class A (b)
|
1,545
|
9,564
|
|||
|
Liberty Latin America Ltd. - Class C (b)
|
4,135
|
25,430
|
|||
|
Live Nation Entertainment, Inc. (b)
|
642
|
48,818
|
|||
|
Magnite, Inc. (b)
|
819
|
5,381
|
|||
|
Outbrain, Inc. (b)
|
1,000
|
3,650
|
|||
|
PubMatic, Inc. - Class A (b)
|
260
|
4,324
|
|||
|
Stagwell, Inc. (b)
|
4,000
|
27,800
|
|||
|
TEGNA, Inc.
|
715
|
14,786
|
|||
|
Thryv Holdings, Inc. (b)
|
350
|
7,990
|
|||
|
232,484
|
|||||
|
Consumer Discretionary - 10.3%
|
|||||
|
2U, Inc. (b)
|
325
|
2,031
|
|||
|
Academy Sports & Outdoors, Inc.
|
1,340
|
56,521
|
|||
|
Adient PLC (b)
|
1,100
|
30,525
|
|||
|
American Eagle Outfitters, Inc.
|
1,600
|
15,568
|
|||
|
Asbury Automotive Group, Inc. (b)
|
179
|
27,047
|
|||
|
Bally's Corp. (b)(c)
|
410
|
8,102
|
|||
|
Big 5 Sporting Goods Corp. (c)
|
1,400
|
15,036
|
|||
|
Bloomin' Brands, Inc.
|
900
|
16,497
|
|||
|
Bluegreen Vacations Holding Corp.
|
1,950
|
32,214
|
|||
|
Boot Barn Holdings, Inc. (b)
|
260
|
15,200
|
|||
|
Brinker International, Inc. (b)
|
970
|
24,231
|
|||
|
Carter's, Inc.
|
332
|
21,756
|
|||
|
Century Casinos, Inc. (b)
|
670
|
4,395
|
|||
|
Century Communities, Inc.
|
1,328
|
56,812
|
|||
|
Dave & Buster's Entertainment, Inc. (b)
|
150
|
4,655
|
|||
|
Destination XL Group, Inc. (b)
|
2,320
|
12,574
|
|||
|
Dine Brands Global, Inc.
|
250
|
15,890
|
|||
|
El Pollo Loco Holdings, Inc. (b)
|
1,810
|
16,145
|
|||
|
Ethan Allen Interiors, Inc.
|
1,200
|
25,368
|
|||
|
First Watch Restaurant Group, Inc. (b)
|
540
|
7,819
|
|||
|
Foot Locker, Inc.
|
965
|
30,040
|
|||
|
Franchise Group, Inc.
|
350
|
8,505
|
|||
|
Funko, Inc. - Class A (b)
|
50
|
1,011
|
|||
|
Genesco, Inc. (b)
|
170
|
6,684
|
|||
|
G-III Apparel Group Ltd. (b)
|
1,280
|
19,136
|
|||
|
Graham Holdings Co. - Class B
|
30
|
16,139
|
|||
|
Green Brick Partners, Inc. (b)
|
5,055
|
108,076
|
|||
|
Group 1 Automotive, Inc.
|
317
|
45,290
|
|||
|
Guess?, Inc.
|
1,000
|
14,670
|
|||
|
Hanesbrands, Inc.
|
7,638
|
53,160
|
|||
|
Haverty Furniture Cos., Inc.
|
1,165
|
29,008
|
|||
|
Hibbett, Inc.
|
600
|
29,886
|
|||
|
Hooker Furnishings Corp.
|
1,100
|
14,839
|
|||
|
International Game Technology PLC
|
1,250
|
19,750
|
|||
|
Jack in the Box, Inc.
|
120
|
8,888
|
|||
|
Johnson Outdoors, Inc. - Class A
|
1,210
|
62,085
|
|||
|
KB Home
|
2,590
|
67,133
|
|||
|
Kontoor Brands, Inc.
|
500
|
16,805
|
|||
|
Lakeland Industries, Inc. (b)
|
1,000
|
11,530
|
|||
|
Laureate Education, Inc.
|
3,685
|
38,877
|
|||
|
La-Z-Boy, Inc.
|
700
|
15,799
|
|||
|
Legacy Housing Corp. (b)
|
290
|
4,974
|
|||
|
LGI Homes, Inc. (b)
|
170
|
13,833
|
|||
|
LL Flooring Holdings, Inc. (b)
|
700
|
4,851
|
|||
|
M/I Homes, Inc. (b)
|
1,730
|
62,678
|
|||
|
Macy's, Inc.
|
1,430
|
22,408
|
|||
|
MarineMax, Inc. (b)
|
990
|
29,492
|
|||
|
Meritage Homes Corp. (b)
|
554
|
38,930
|
|||
|
Movado Group, Inc.
|
930
|
26,207
|
|||
|
OneWater Marine, Inc. - Class A (b)
|
970
|
29,207
|
|||
|
Oxford Industries, Inc.
|
800
|
71,824
|
|||
|
Perdoceo Education Corp. (b)
|
770
|
7,931
|
|||
|
Porch Group, Inc. (b)
|
3,830
|
8,618
|
|||
|
Qurate Retail, Inc. - Class A
|
1,410
|
2,834
|
|||
|
Red Rock Resorts, Inc. - Class A
|
10,951
|
375,181
|
|||
|
Rent-A-Center, Inc.
|
1,550
|
27,141
|
|||
|
Rocky Brands, Inc.
|
2,499
|
50,130
|
|||
|
Ruth's Hospitality Group, Inc.
|
1,100
|
18,546
|
|||
|
SeaWorld Entertainment, Inc. (b)
|
490
|
22,300
|
|||
|
Shoe Carnival, Inc.
|
138
|
2,959
|
|||
|
Signet Jewelers Ltd.
|
553
|
31,626
|
|||
|
Sleep Number Corp. (b)
|
160
|
5,410
|
|||
|
Sonic Automotive, Inc. - Class A
|
900
|
38,970
|
|||
|
Stitch Fix, Inc. - Class A (b)
|
1,860
|
7,347
|
|||
|
Taylor Morrison Home Corp. (b)
|
870
|
20,288
|
|||
|
The Aaron's Co., Inc.
|
2,900
|
28,188
|
|||
|
The Cato Corp. - Class A
|
1,600
|
15,264
|
|||
|
The Cheesecake Factory, Inc.
|
358
|
10,482
|
|||
|
The Children's Place, Inc. (b)
|
170
|
5,251
|
|||
|
The Goodyear Tire & Rubber Co. (b)
|
1,500
|
15,135
|
|||
|
The RealReal, Inc. (b)
|
1,610
|
2,415
|
|||
|
Thor Industries, Inc.
|
340
|
23,793
|
|||
|
Tilly's, Inc. - Class A
|
1,200
|
8,304
|
|||
|
Travel + Leisure Co.
|
620
|
21,154
|
|||
|
TravelCenters of America, Inc. (b)
|
200
|
10,786
|
|||
|
Tri Pointe Homes, Inc. (b)
|
945
|
14,279
|
|||
|
Tupperware Brands Corp. (b)
|
1,300
|
8,515
|
|||
|
Urban Outfitters, Inc. (b)
|
500
|
9,825
|
|||
|
Vail Resorts, Inc.
|
709
|
152,889
|
|||
|
Vera Bradley, Inc. (b)
|
4,400
|
13,244
|
|||
|
Vista Outdoor, Inc. (b)
|
1,197
|
29,111
|
|||
|
Vivint Smart Home, Inc. (b)
|
2,900
|
19,082
|
|||
|
Winnebago Industries, Inc.
|
140
|
7,449
|
|||
|
Wolverine World Wide, Inc.
|
5,361
|
82,506
|
|||
|
WW International, Inc. (b)
|
1,107
|
4,351
|
|||
|
Zumiez, Inc. (b)
|
400
|
8,612
|
|||
|
2,440,017
|
|||||
|
Consumer Staples - 4.1%
|
|||||
|
B&G Foods, Inc. (c)
|
740
|
12,203
|
|||
|
BellRing Brands, Inc. (b)
|
2,391
|
49,279
|
|||
|
Cal-Maine Foods, Inc.
|
4,539
|
252,323
|
|||
|
Central Garden & Pet Co. (b)
|
400
|
14,416
|
|||
|
Energizer Holdings, Inc.
|
1,330
|
33,436
|
|||
|
Herbalife Nutrition Ltd. (b)
|
1,100
|
21,879
|
|||
|
Ingles Markets, Inc. - Class A
|
120
|
9,505
|
|||
|
Inter Parfums, Inc.
|
60
|
4,528
|
|||
|
Lancaster Colony Corp.
|
1,053
|
158,245
|
|||
|
Medifast, Inc.
|
110
|
11,920
|
|||
|
Natural Grocers by Vitamin Cottage, Inc.
|
1,500
|
16,185
|
|||
|
Nu Skin Enterprises, Inc. - Class A
|
385
|
12,847
|
|||
|
Post Holdings, Inc. (b)
|
1,269
|
103,944
|
|||
|
Seaboard Corp.
|
37
|
125,898
|
|||
|
The Chefs' Warehouse, Inc. (b)
|
1,950
|
56,491
|
|||
|
The Duckhorn Portfolio, Inc. (b)
|
100
|
1,443
|
|||
|
The Simply Good Foods Co. (b)
|
740
|
23,673
|
|||
|
United Natural Foods, Inc. (b)
|
725
|
24,918
|
|||
|
USANA Health Sciences, Inc. (b)
|
260
|
14,573
|
|||
|
Vector Group Ltd.
|
526
|
4,634
|
|||
|
Village Super Market, Inc. - Class A
|
610
|
11,791
|
|||
|
964,131
|
|||||
|
Energy - 7.5%
|
|||||
|
Berry Corp.
|
5,630
|
42,225
|
|||
|
Brigham Minerals, Inc. - Class A
|
300
|
7,401
|
|||
|
Bristow Group, Inc. (b)
|
430
|
10,101
|
|||
|
Cactus, Inc. - Class A
|
450
|
17,293
|
|||
|
California Resources Corp.
|
2,820
|
108,372
|
|||
|
Centrus Energy Corp. - Class A (b)
|
946
|
38,767
|
|||
|
ChampionX Corp.
|
1,400
|
27,398
|
|||
|
Chord Energy Corp.
|
1,344
|
183,819
|
|||
|
Civitas Resources, Inc.
|
4,400
|
252,516
|
|||
|
Clean Energy Fuels Corp. (b)
|
2,320
|
12,389
|
|||
|
CNX Resources Corp. (b)
|
2,085
|
32,380
|
|||
|
Crescent Energy Co. - Class A
|
2,600
|
35,022
|
|||
|
Denbury, Inc. (b)
|
300
|
25,878
|
|||
|
DHT Holdings, Inc.
|
3,070
|
23,209
|
|||
|
Dorian LPG Ltd.
|
910
|
12,349
|
|||
|
Dril-Quip, Inc. (b)
|
1,500
|
29,280
|
|||
|
Equitrans Midstream Corp.
|
5,000
|
37,400
|
|||
|
Expro Group Holdings NV (b)
|
3,150
|
40,131
|
|||
|
Golar LNG Ltd. (b)
|
2,450
|
61,054
|
|||
|
Green Plains, Inc. (b)
|
190
|
5,523
|
|||
|
Helix Energy Solutions Group, Inc. (b)
|
6,800
|
26,248
|
|||
|
International Seaways, Inc.
|
220
|
7,729
|
|||
|
Kinetik Holdings, Inc.
|
700
|
22,806
|
|||
|
Kosmos Energy Ltd. (b)
|
5,000
|
25,850
|
|||
|
Laredo Petroleum, Inc. (b)
|
260
|
16,341
|
|||
|
Liberty Energy, Inc. (b)
|
1,300
|
16,484
|
|||
|
Magnolia Oil & Gas Corp. - Class A
|
905
|
17,928
|
|||
|
Murphy Oil Corp.
|
2,770
|
97,421
|
|||
|
National Energy Services Reunited Corp. (b)
|
4,900
|
29,106
|
|||
|
Newpark Resources, Inc. (b)
|
9,900
|
24,948
|
|||
|
Noble Corp. PLC (b)
|
300
|
8,874
|
|||
|
Northern Oil and Gas, Inc.
|
900
|
24,669
|
|||
|
Par Pacific Holdings, Inc. (b)
|
1,100
|
18,051
|
|||
|
Permian Resources Corp. (b)
|
9,570
|
65,076
|
|||
|
Precision Drilling Corp. (b)
|
550
|
27,846
|
|||
|
ProPetro Holding Corp. (b)
|
1,800
|
14,490
|
|||
|
Ranger Oil Corp. - Class A
|
1,000
|
31,450
|
|||
|
REX American Resources Corp. (b)
|
1,275
|
35,598
|
|||
|
Scorpio Tankers, Inc.
|
140
|
5,886
|
|||
|
SFL Corp. Ltd.
|
2,810
|
25,599
|
|||
|
Sitio Royalties Corp. (c)
|
1,452
|
32,104
|
|||
|
Solaris Oilfield Infrastructure, Inc. - Class A
|
1,900
|
17,784
|
|||
|
Talos Energy, Inc. (b)
|
1,000
|
16,650
|
|||
|
TechnipFMC PLC (b)
|
2,400
|
20,304
|
|||
|
Teekay Tankers Ltd. - Class A (b)
|
450
|
12,393
|
|||
|
Tidewater, Inc. (b)
|
1,700
|
36,890
|
|||
|
World Fuel Services Corp.
|
3,810
|
89,306
|
|||
|
1,770,338
|
|||||
|
Financials - 31.5%
|
|||||
|
1st Source Corp.
|
470
|
21,761
|
|||
|
ACNB Corp.
|
200
|
6,008
|
|||
|
Affiliated Managers Group, Inc.
|
150
|
16,777
|
|||
|
Amalgamated Financial Corp.
|
900
|
20,295
|
|||
|
Amerant Bancorp, Inc.
|
1,584
|
39,347
|
|||
|
American Equity Investment Life Holding Co.
|
1,410
|
52,579
|
|||
|
Ameris Bancorp
|
400
|
17,884
|
|||
|
Apollo Commercial Real Estate Finance, Inc.
|
1,020
|
8,466
|
|||
|
Arlington Asset Investment Corp. - Class A (b)
|
1,900
|
5,168
|
|||
|
Artisan Partners Asset Management, Inc. - Class A
|
500
|
13,465
|
|||
|
Associated Banc-Corp
|
3,228
|
64,818
|
|||
|
Assured Guaranty Ltd.
|
665
|
32,219
|
|||
|
Axis Capital Holdings Ltd.
|
570
|
28,015
|
|||
|
B Riley Financial, Inc.
|
540
|
24,041
|
|||
|
BancFirst Corp.
|
555
|
49,656
|
|||
|
Bank of Marin Bancorp
|
400
|
11,980
|
|||
|
Bank OZK
|
8,028
|
317,588
|
|||
|
BankUnited, Inc.
|
1,907
|
65,162
|
|||
|
Banner Corp.
|
660
|
38,993
|
|||
|
BayCom Corp.
|
1,090
|
19,162
|
|||
|
BCB Bancorp, Inc.
|
400
|
6,732
|
|||
|
Berkshire Hills Bancorp, Inc.
|
2,870
|
78,351
|
|||
|
BGC Partners, Inc. - Class A
|
1,390
|
4,365
|
|||
|
Blackstone Mortgage Trust, Inc. - Class A
|
475
|
11,086
|
|||
|
BOK Financial Corp.
|
1,681
|
149,374
|
|||
|
Bread Financial Holdings, Inc.
|
860
|
27,047
|
|||
|
Bridgewater Bancshares, Inc. (b)
|
500
|
8,235
|
|||
|
Brighthouse Financial, Inc. (b)
|
400
|
17,368
|
|||
|
Brookline Bancorp, Inc.
|
5,620
|
65,473
|
|||
|
Cadence Bank
|
2,153
|
54,708
|
|||
|
Camden National Corp.
|
400
|
17,040
|
|||
|
Carter Bankshares, Inc. (b)
|
700
|
11,270
|
|||
|
Cathay General Bancorp
|
4,907
|
188,723
|
|||
|
CBTX, Inc.
|
830
|
24,277
|
|||
|
Central Pacific Financial Corp.
|
1,100
|
22,759
|
|||
|
Central Valley Community Bancorp
|
600
|
10,626
|
|||
|
City Holding Co.
|
499
|
44,256
|
|||
|
Civista Bancshares, Inc.
|
400
|
8,304
|
|||
|
CNB Financial Corp.
|
400
|
9,428
|
|||
|
CNO Financial Group, Inc.
|
1,900
|
34,143
|
|||
|
Columbia Banking System, Inc.
|
2,320
|
67,025
|
|||
|
Community Bank System, Inc.
|
610
|
36,649
|
|||
|
Community Trust Bancorp, Inc.
|
425
|
17,234
|
|||
|
ConnectOne Bancorp, Inc.
|
1,100
|
25,366
|
|||
|
CrossFirst Bankshares, Inc. (b)
|
1,375
|
17,944
|
|||
|
Customers Bancorp, Inc. (b)
|
1,100
|
32,428
|
|||
|
CVB Financial Corp.
|
2,765
|
70,010
|
|||
|
Diamond Hill Investment Group, Inc.
|
90
|
14,850
|
|||
|
Eagle Bancorp, Inc.
|
840
|
37,649
|
|||
|
Eastern Bankshares, Inc.
|
2,545
|
49,984
|
|||
|
eHealth, Inc. (b)
|
710
|
2,776
|
|||
|
Employers Holdings, Inc.
|
885
|
30,524
|
|||
|
Enact Holdings, Inc.
|
400
|
8,868
|
|||
|
Enova International, Inc. (b)
|
260
|
7,610
|
|||
|
Enstar Group Ltd. (b)
|
1,162
|
197,064
|
|||
|
Enterprise Financial Services Corp.
|
400
|
17,616
|
|||
|
Esquire Financial Holdings, Inc.
|
910
|
34,170
|
|||
|
Essent Group Ltd.
|
3,215
|
112,107
|
|||
|
Evercore, Inc. - Class A
|
200
|
16,450
|
|||
|
FB Financial Corp.
|
643
|
24,569
|
|||
|
Federal Agricultural Mortgage Corp. - Class C
|
260
|
25,776
|
|||
|
Federated Hermes, Inc.
|
855
|
28,318
|
|||
|
Financial Institutions, Inc.
|
350
|
8,424
|
|||
|
First Bancorp
|
670
|
24,509
|
|||
|
First BanCorp
|
6,615
|
90,493
|
|||
|
First Busey Corp.
|
1,100
|
24,178
|
|||
|
First Business Financial Services, Inc.
|
300
|
9,693
|
|||
|
First Community Bankshares, Inc.
|
2,304
|
73,797
|
|||
|
First Financial Bancorp
|
2,375
|
50,065
|
|||
|
First Financial Corp.
|
1,201
|
54,273
|
|||
|
First Hawaiian, Inc.
|
1,500
|
36,945
|
|||
|
First Internet Bancorp
|
600
|
20,316
|
|||
|
First Interstate BancSystem, Inc. - Class A
|
4,646
|
187,466
|
|||
|
First Merchants Corp.
|
1,220
|
47,190
|
|||
|
First Mid Bancshares, Inc.
|
200
|
6,394
|
|||
|
FirstCash Holdings, Inc.
|
360
|
26,406
|
|||
|
Flushing Financial Corp.
|
1,700
|
32,929
|
|||
|
FNB Corp.
|
3,100
|
35,960
|
|||
|
FS Bancorp, Inc.
|
400
|
10,904
|
|||
|
Fulton Financial Corp.
|
3,640
|
57,512
|
|||
|
Genworth Financial, Inc. - Class A (b)
|
13,310
|
46,585
|
|||
|
Granite Point Mortgage Trust, Inc.
|
900
|
5,796
|
|||
|
Great Ajax Corp.
|
813
|
6,106
|
|||
|
Great Southern Bancorp, Inc.
|
800
|
45,656
|
|||
|
Greenhill & Co., Inc.
|
2,200
|
13,068
|
|||
|
Greenlight Capital Re Ltd. - Class A (b)
|
1,000
|
7,440
|
|||
|
Hancock Whitney Corp.
|
2,696
|
123,504
|
|||
|
Hanmi Financial Corp.
|
1,500
|
35,520
|
|||
|
Hannon Armstrong Sustainable Infrastructure Capital, Inc.
|
465
|
13,917
|
|||
|
Heartland Financial USA, Inc.
|
710
|
30,786
|
|||
|
Heritage Commerce Corp.
|
3,270
|
37,082
|
|||
|
Hilltop Holdings, Inc.
|
1,300
|
32,305
|
|||
|
Home Bancorp, Inc.
|
200
|
7,798
|
|||
|
Home BancShares, Inc.
|
2,320
|
52,223
|
|||
|
HomeStreet, Inc.
|
1,000
|
28,810
|
|||
|
Hope Bancorp, Inc.
|
7,115
|
89,934
|
|||
|
Horace Mann Educators Corp.
|
840
|
29,644
|
|||
|
Horizon Bancorp, Inc.
|
1,020
|
18,319
|
|||
|
Independent Bank Corp.
|
2,293
|
43,796
|
|||
|
International Bancshares Corp.
|
3,410
|
144,925
|
|||
|
Investar Holding Corp.
|
500
|
9,950
|
|||
|
Jackson Financial, Inc. - Class A
|
1,350
|
37,463
|
|||
|
Janus Henderson Group PLC
|
1,100
|
22,341
|
|||
|
Kemper Corp.
|
600
|
24,756
|
|||
|
Lakeland Bancorp, Inc.
|
1,800
|
28,818
|
|||
|
LendingClub Corp. (b)
|
1,240
|
13,702
|
|||
|
Live Oak Bancshares, Inc.
|
5,997
|
183,508
|
|||
|
Luther Burbank Corp.
|
700
|
8,134
|
|||
|
Macatawa Bank Corp.
|
1,000
|
9,260
|
|||
|
Manning & Napier, Inc.
|
340
|
4,172
|
|||
|
Mercantile Bank Corp.
|
1,423
|
42,277
|
|||
|
Merchants Bancorp
|
400
|
9,228
|
|||
|
Mercury General Corp.
|
200
|
5,684
|
|||
|
MFA Financial, Inc.
|
3,775
|
29,370
|
|||
|
MGIC Investment Corp.
|
1,300
|
16,666
|
|||
|
Midland States Bancorp, Inc.
|
700
|
16,499
|
|||
|
MidWestOne Financial Group, Inc.
|
500
|
13,645
|
|||
|
Mr. Cooper Group, Inc. (b)
|
5,397
|
218,579
|
|||
|
National Bank Holdings Corp. - Class A
|
245
|
9,063
|
|||
|
National Bankshares, Inc.
|
200
|
6,752
|
|||
|
National Western Life Group, Inc. - Class A
|
229
|
39,113
|
|||
|
Navient Corp.
|
2,150
|
31,583
|
|||
|
NBT Bancorp, Inc.
|
1,018
|
38,633
|
|||
|
New York Community Bancorp, Inc.
|
3,600
|
30,708
|
|||
|
New York Mortgage Trust, Inc.
|
10,560
|
24,710
|
|||
|
NMI Holdings, Inc. - Class A (b)
|
2,375
|
48,379
|
|||
|
Northeast Bank
|
200
|
7,334
|
|||
|
Northeast Community Bancorp, Inc.
|
700
|
8,680
|
|||
|
Northfield Bancorp, Inc.
|
1,200
|
17,172
|
|||
|
Northrim BanCorp, Inc.
|
200
|
8,312
|
|||
|
OceanFirst Financial Corp.
|
1,350
|
25,164
|
|||
|
OFG Bancorp
|
1,218
|
30,608
|
|||
|
Old National Bancorp
|
6,523
|
107,434
|
|||
|
Oppenheimer Holdings, Inc. - Class A
|
695
|
21,531
|
|||
|
Orrstown Financial Services, Inc.
|
1,250
|
29,900
|
|||
|
Pacific Premier Bancorp, Inc.
|
600
|
18,576
|
|||
|
PacWest Bancorp
|
1,300
|
29,380
|
|||
|
Parke Bancorp, Inc.
|
860
|
18,026
|
|||
|
Pathward Financial, Inc.
|
310
|
10,218
|
|||
|
PCB Bancorp
|
700
|
12,649
|
|||
|
Peapack-Gladstone Financial Corp.
|
600
|
20,190
|
|||
|
Peoples Bancorp, Inc.
|
600
|
17,358
|
|||
|
Peoples Financial Services Corp.
|
1,340
|
62,766
|
|||
|
Perella Weinberg Partners
|
2,800
|
17,724
|
|||
|
Preferred Bank
|
330
|
21,526
|
|||
|
Premier Financial Corp.
|
2,471
|
63,505
|
|||
|
Primerica, Inc.
|
70
|
8,641
|
|||
|
Primis Financial Corp.
|
700
|
8,491
|
|||
|
PROG Holdings, Inc. (b)
|
4,141
|
62,032
|
|||
|
Prosperity Bancshares, Inc.
|
209
|
13,936
|
|||
|
Provident Bancorp, Inc.
|
1,180
|
16,886
|
|||
|
Provident Financial Services, Inc.
|
2,456
|
47,892
|
|||
|
Pzena Investment Management, Inc. - Class A
|
3,096
|
29,350
|
|||
|
Radian Group, Inc.
|
2,630
|
50,733
|
|||
|
RBB Bancorp
|
600
|
12,468
|
|||
|
Redwood Trust, Inc.
|
1,945
|
11,164
|
|||
|
Regional Management Corp.
|
2,449
|
68,670
|
|||
|
Renasant Corp.
|
800
|
25,024
|
|||
|
Republic Bancorp, Inc. - Class A
|
400
|
15,320
|
|||
|
S&T Bancorp, Inc.
|
1,330
|
38,982
|
|||
|
Sandy Spring Bancorp, Inc.
|
240
|
8,462
|
|||
|
Selective Insurance Group, Inc.
|
405
|
32,967
|
|||
|
Selectquote, Inc. (b)
|
10,500
|
7,665
|
|||
|
Sierra Bancorp
|
500
|
9,875
|
|||
|
Silvercrest Asset Management Group, Inc. - Class A
|
500
|
8,175
|
|||
|
Silvergate Capital Corp. - Class A (b)
|
160
|
12,056
|
|||
|
Simmons First National Corp. - Class A
|
830
|
18,086
|
|||
|
SiriusPoint Ltd. (b)
|
6,500
|
32,175
|
|||
|
SLM Corp.
|
2,000
|
27,980
|
|||
|
South Plains Financial, Inc.
|
430
|
11,851
|
|||
|
Southern Missouri Bancorp, Inc.
|
410
|
20,922
|
|||
|
Southside Bancshares, Inc.
|
360
|
12,730
|
|||
|
StepStone Group, Inc. - Class A
|
660
|
16,177
|
|||
|
Stewart Information Services Corp.
|
660
|
28,802
|
|||
|
Stifel Financial Corp.
|
622
|
32,288
|
|||
|
Summit Financial Group, Inc.
|
180
|
4,849
|
|||
|
Territorial Bancorp, Inc.
|
500
|
9,270
|
|||
|
Texas Capital Bancshares, Inc. (b)
|
620
|
36,599
|
|||
|
The Community Financial Corp.
|
100
|
3,430
|
|||
|
The First Bancshares, Inc.
|
300
|
8,961
|
|||
|
The First of Long Island Corp.
|
700
|
12,068
|
|||
|
Towne Bank
|
600
|
16,098
|
|||
|
TPG RE Finance Trust, Inc.
|
3,258
|
22,806
|
|||
|
Trean Insurance Group, Inc. (b)
|
1,900
|
6,460
|
|||
|
Triumph Bancorp, Inc. (b)
|
2,401
|
130,494
|
|||
|
TrustCo Bank Corp.
|
940
|
29,535
|
|||
|
Trustmark Corp.
|
840
|
25,729
|
|||
|
Two Harbors Investment Corp.
|
1,570
|
5,212
|
|||
|
UMB Financial Corp.
|
200
|
16,858
|
|||
|
United Bankshares, Inc.
|
750
|
26,812
|
|||
|
Universal Insurance Holdings, Inc.
|
2,719
|
26,782
|
|||
|
Univest Financial Corp.
|
2,834
|
66,542
|
|||
|
Valley National Bancorp
|
1,115
|
12,042
|
|||
|
Veritex Holdings, Inc.
|
390
|
10,370
|
|||
|
Victory Capital Holdings, Inc. - Class A
|
1,035
|
24,126
|
|||
|
Virtu Financial, Inc. - Class A
|
1,200
|
24,924
|
|||
|
Virtus Investment Partners, Inc.
|
90
|
14,357
|
|||
|
Washington Federal, Inc.
|
4,425
|
132,661
|
|||
|
Washington Trust Bancorp, Inc.
|
350
|
16,268
|
|||
|
Waterstone Financial, Inc.
|
1,000
|
16,160
|
|||
|
Webster Financial Corp.
|
6,759
|
305,507
|
|||
|
Westamerica BanCorp
|
1,450
|
75,820
|
|||
|
William Penn Bancorp
|
400
|
4,548
|
|||
|
Wintrust Financial Corp.
|
325
|
26,504
|
|||
|
WSFS Financial Corp.
|
540
|
25,088
|
|||
|
7,430,330
|
|||||
|
Health Care - 6.0%
|
|||||
|
1Life Healthcare, Inc. (b)
|
2,252
|
38,622
|
|||
|
4D Molecular Therapeutics, Inc. (b)
|
780
|
6,271
|
|||
|
Accolade, Inc. (b)
|
1,030
|
11,763
|
|||
|
AdaptHealth Corp. (b)
|
460
|
8,639
|
|||
|
Adaptive Biotechnologies Corp. (b)
|
3,400
|
24,208
|
|||
|
Aerie Pharmaceuticals, Inc. (b)
|
1,910
|
28,898
|
|||
|
Agios Pharmaceuticals, Inc. (b)
|
1,140
|
32,239
|
|||
|
Allogene Therapeutics, Inc. (b)
|
1,730
|
18,684
|
|||
|
Allscripts Healthcare Solutions, Inc. (b)
|
1,105
|
16,829
|
|||
|
ALX Oncology Holdings, Inc. (b)
|
3,170
|
30,337
|
|||
|
American Well Corp. - Class A (b)
|
6,700
|
24,053
|
|||
|
Atea Pharmaceuticals, Inc. (b)
|
3,387
|
19,272
|
|||
|
Avanos Medical, Inc. (b)
|
200
|
4,356
|
|||
|
BioLife Solutions, Inc. (b)
|
220
|
5,005
|
|||
|
Bioventus, Inc. - Class A (b)
|
480
|
3,360
|
|||
|
Bluebird Bio, Inc. (b)
|
820
|
5,191
|
|||
|
Bridgebio Pharma, Inc. (b)
|
1,390
|
13,817
|
|||
|
Brookdale Senior Living, Inc. (b)
|
6,050
|
25,833
|
|||
|
Catalyst Pharmaceuticals, Inc. (b)
|
990
|
12,702
|
|||
|
Deciphera Pharmaceuticals, Inc. (b)
|
390
|
7,215
|
|||
|
Editas Medicine, Inc. (b)
|
2,068
|
25,312
|
|||
|
Emergent BioSolutions, Inc. (b)
|
1,460
|
30,645
|
|||
|
Enovis Corp. (b)
|
2,806
|
129,272
|
|||
|
Fulcrum Therapeutics, Inc. (b)
|
1,780
|
14,400
|
|||
|
Fulgent Genetics, Inc. (b)
|
320
|
12,198
|
|||
|
Health Catalyst, Inc. (b)
|
1,120
|
10,864
|
|||
|
Inmode Ltd. (b)
|
350
|
10,189
|
|||
|
Innoviva, Inc. (b)
|
1,940
|
22,523
|
|||
|
Integer Holdings Corp. (b)
|
772
|
48,042
|
|||
|
Intellia Therapeutics, Inc. (b)
|
550
|
30,778
|
|||
|
Invitae Corp. (b)(c)
|
4,500
|
11,070
|
|||
|
Ironwood Pharmaceuticals, Inc. - Class A (b)
|
1,500
|
15,540
|
|||
|
Kiniksa Pharmaceuticals Ltd. - Class A (b)
|
2,560
|
32,870
|
|||
|
Kodiak Sciences, Inc. (b)
|
1,120
|
8,669
|
|||
|
Kronos Bio, Inc. (b)
|
1,320
|
4,422
|
|||
|
Mersana Therapeutics, Inc. (b)
|
2,260
|
15,278
|
|||
|
ModivCare, Inc. (b)
|
40
|
3,987
|
|||
|
National HealthCare Corp.
|
553
|
35,027
|
|||
|
NeoGenomics, Inc. (b)
|
1,250
|
10,762
|
|||
|
Nurix Therapeutics, Inc. (b)
|
920
|
11,988
|
|||
|
OraSure Technologies, Inc. (b)
|
1,180
|
4,472
|
|||
|
Pacific Biosciences of California, Inc. (b)
|
3,770
|
21,885
|
|||
|
Patterson Cos., Inc.
|
300
|
7,206
|
|||
|
Pediatrix Medical Group, Inc. (b)
|
295
|
4,870
|
|||
|
Phibro Animal Health Corp. - Class A
|
500
|
6,645
|
|||
|
Phreesia, Inc. (b)
|
1,020
|
25,990
|
|||
|
PMV Pharmaceuticals, Inc. (b)
|
320
|
3,808
|
|||
|
Praxis Precision Medicines, Inc. (b)
|
1,990
|
4,517
|
|||
|
Prestige Consumer Healthcare, Inc. (b)
|
1,290
|
64,281
|
|||
|
Protagonist Therapeutics, Inc. (b)
|
530
|
4,468
|
|||
|
REGENXBIO, Inc. (b)
|
2,390
|
63,168
|
|||
|
Relay Therapeutics, Inc. (b)
|
1,230
|
27,515
|
|||
|
Rocket Pharmaceuticals, Inc. (b)
|
680
|
10,853
|
|||
|
Sage Therapeutics, Inc. (b)
|
250
|
9,790
|
|||
|
Sangamo Therapeutics, Inc. (b)
|
1,490
|
7,301
|
|||
|
Seer, Inc. (b)
|
1,940
|
15,016
|
|||
|
Select Medical Holdings Corp.
|
290
|
6,409
|
|||
|
Sema4 Holdings Corp. (b)
|
1,400
|
1,228
|
|||
|
Sutro Biopharma, Inc. (b)
|
910
|
5,051
|
|||
|
Tactile Systems Technology, Inc. (b)
|
1,470
|
11,451
|
|||
|
Taro Pharmaceutical Industries Ltd. (b)
|
960
|
28,781
|
|||
|
Twist Bioscience Corp. (b)
|
840
|
29,602
|
|||
|
UFP Technologies, Inc. (b)
|
1,592
|
136,657
|
|||
|
Utah Medical Products, Inc.
|
190
|
16,209
|
|||
|
Vanda Pharmaceuticals, Inc. (b)
|
3,600
|
35,568
|
|||
|
Veracyte, Inc. (b)
|
1,380
|
22,908
|
|||
|
Xencor, Inc. (b)
|
200
|
5,196
|
|||
|
Zynex, Inc.
|
1,000
|
9,070
|
|||
|
1,411,045
|
|||||
|
Industrials - 16.4%
|
|||||
|
AAR Corp. (b)
|
400
|
14,328
|
|||
|
ABM Industries, Inc.
|
1,465
|
56,007
|
|||
|
ACCO Brands Corp.
|
4,600
|
22,540
|
|||
|
ACV Auctions, Inc. - Class A (b)
|
2,220
|
15,962
|
|||
|
Aerojet Rocketdyne Holdings, Inc. (b)
|
478
|
19,115
|
|||
|
Allegiant Travel Co. (b)
|
1,685
|
122,971
|
|||
|
Allied Motion Technologies, Inc.
|
4,061
|
116,226
|
|||
|
Allison Transmission Holdings, Inc.
|
960
|
32,410
|
|||
|
American Woodmark Corp. (b)
|
300
|
13,158
|
|||
|
Argan, Inc.
|
1,090
|
35,065
|
|||
|
Atkore, Inc. (b)
|
290
|
22,565
|
|||
|
Atlas Air Worldwide Holdings, Inc. (b)
|
260
|
24,848
|
|||
|
AZZ, Inc.
|
2,110
|
77,036
|
|||
|
Barnes Group, Inc.
|
800
|
23,104
|
|||
|
Barrett Business Services, Inc.
|
270
|
21,060
|
|||
|
BGSF, Inc.
|
700
|
7,777
|
|||
|
Blue Bird Corp. (b)
|
1,000
|
8,350
|
|||
|
BlueLinx Holdings, Inc. (b)
|
370
|
22,977
|
|||
|
Boise Cascade Co.
|
830
|
49,352
|
|||
|
Brady Corp. - Class A
|
320
|
13,354
|
|||
|
Concrete Pumping Holdings, Inc. (b)
|
20,678
|
133,373
|
|||
|
Douglas Dynamics, Inc.
|
2,017
|
56,516
|
|||
|
Ducommun, Inc. (b)
|
275
|
10,907
|
|||
|
EMCOR Group, Inc.
|
382
|
44,113
|
|||
|
Encore Wire Corp.
|
915
|
105,719
|
|||
|
Energy Recovery, Inc. (b)
|
4,071
|
88,504
|
|||
|
Enerpac Tool Group Corp.
|
900
|
16,047
|
|||
|
EnerSys
|
565
|
32,866
|
|||
|
Ennis, Inc.
|
2,220
|
44,689
|
|||
|
EnPro Industries, Inc.
|
205
|
17,421
|
|||
|
Esab Corp.
|
3,680
|
122,765
|
|||
|
First Advantage Corp. (b)
|
8,483
|
108,837
|
|||
|
Flowserve Corp.
|
1,230
|
29,889
|
|||
|
Fluor Corp. (b)
|
1,500
|
37,335
|
|||
|
Forward Air Corp.
|
300
|
27,078
|
|||
|
Gates Industrial Corp. PLC (b)
|
1,500
|
14,640
|
|||
|
GMS, Inc. (b)
|
200
|
8,002
|
|||
|
GrafTech International Ltd.
|
4,600
|
19,826
|
|||
|
Great Lakes Dredge & Dock Corp. (b)
|
2,900
|
21,982
|
|||
|
Healthcare Services Group, Inc.
|
2,580
|
31,192
|
|||
|
Heartland Express, Inc.
|
7,470
|
106,896
|
|||
|
Heidrick & Struggles International, Inc.
|
2,100
|
54,579
|
|||
|
Herc Holdings, Inc.
|
100
|
10,388
|
|||
|
Heritage-Crystal Clean, Inc. (b)
|
1,380
|
40,807
|
|||
|
Hillenbrand, Inc.
|
820
|
30,110
|
|||
|
Infrastructure and Energy Alternatives, Inc. (b)
|
300
|
4,062
|
|||
|
Interface, Inc.
|
1,300
|
11,687
|
|||
|
JELD-WEN Holding, Inc. (b)
|
3,200
|
28,000
|
|||
|
Kelly Services, Inc. - Class A
|
900
|
12,231
|
|||
|
Kimball International, Inc. - Class B
|
3,100
|
19,499
|
|||
|
Kirby Corp. (b)
|
1,599
|
97,171
|
|||
|
Korn Ferry
|
1,350
|
63,383
|
|||
|
LB Foster Co. - Class A (b)
|
300
|
2,928
|
|||
|
ManpowerGroup, Inc.
|
360
|
23,288
|
|||
|
Marten Transport Ltd.
|
2,690
|
51,540
|
|||
|
Masonite International Corp. (b)
|
435
|
31,011
|
|||
|
Matrix Service Co. (b)
|
3,300
|
13,662
|
|||
|
Matson, Inc.
|
1,885
|
115,965
|
|||
|
Maxar Technologies, Inc.
|
500
|
9,360
|
|||
|
Mesa Air Group, Inc. (b)
|
2,100
|
3,465
|
|||
|
Miller Industries, Inc.
|
600
|
12,774
|
|||
|
MillerKnoll, Inc.
|
900
|
14,040
|
|||
|
Moog, Inc. - Class A
|
325
|
22,864
|
|||
|
Mueller Industries, Inc.
|
2,965
|
176,240
|
|||
|
Mueller Water Products, Inc. - Class A
|
1,600
|
16,432
|
|||
|
MYR Group, Inc. (b)
|
100
|
8,473
|
|||
|
National Presto Industries, Inc.
|
465
|
30,248
|
|||
|
PAM Transportation Services, Inc. (b)
|
700
|
21,672
|
|||
|
PGT Innovations, Inc. (b)
|
900
|
18,864
|
|||
|
Powell Industries, Inc.
|
700
|
14,756
|
|||
|
Preformed Line Products Co.
|
150
|
10,673
|
|||
|
Primoris Services Corp.
|
800
|
13,000
|
|||
|
Proto Labs, Inc. (b)
|
400
|
14,572
|
|||
|
Quanex Building Products Corp.
|
2,580
|
46,853
|
|||
|
Radiant Logistics, Inc. (b)
|
4,140
|
23,557
|
|||
|
Resideo Technologies, Inc. (b)
|
1,241
|
23,653
|
|||
|
Resources Connection, Inc.
|
3,400
|
61,438
|
|||
|
Rush Enterprises, Inc. - Class A
|
1,815
|
79,606
|
|||
|
Safe Bulkers, Inc.
|
14,120
|
34,876
|
|||
|
Schneider National, Inc. - Class B
|
400
|
8,120
|
|||
|
Sensata Technologies Holding PLC
|
625
|
23,300
|
|||
|
SP Plus Corp. (b)
|
320
|
10,022
|
|||
|
Spirit Airlines, Inc. (b)
|
650
|
12,233
|
|||
|
Stem, Inc. (b)
|
800
|
10,672
|
|||
|
Sterling Infrastructure, Inc. (b)
|
700
|
15,029
|
|||
|
The Brink's Co.
|
500
|
24,220
|
|||
|
The Greenbrier Cos., Inc.
|
1,160
|
28,153
|
|||
|
The Timken Co.
|
600
|
35,424
|
|||
|
Thermon Group Holdings, Inc. (b)
|
1,800
|
27,738
|
|||
|
Titan Machinery, Inc. (b)
|
670
|
18,934
|
|||
|
Trinity Industries, Inc.
|
610
|
13,024
|
|||
|
Triton International Ltd.
|
684
|
37,435
|
|||
|
TrueBlue, Inc. (b)
|
1,800
|
34,344
|
|||
|
Tutor Perini Corp. (b)
|
3,600
|
19,872
|
|||
|
UFP Industries, Inc.
|
770
|
55,563
|
|||
|
V2X, Inc. (b)
|
1,220
|
43,188
|
|||
|
Veritiv Corp. (b)
|
382
|
37,348
|
|||
|
Wabash National Corp.
|
2,200
|
34,232
|
|||
|
WESCO International, Inc. (b)
|
2,469
|
294,749
|
|||
|
Wheels Up Experience, Inc. (b)
|
13,860
|
15,939
|
|||
|
3,864,068
|
|||||
|
Information Technology - 8.4%
|
|||||
|
A10 Networks, Inc.
|
1,500
|
19,905
|
|||
|
ACM Research, Inc. - Class A (b)
|
2,400
|
29,904
|
|||
|
Amkor Technology, Inc.
|
1,965
|
33,503
|
|||
|
Avnet, Inc.
|
830
|
29,980
|
|||
|
Axcelis Technologies, Inc. (b)
|
235
|
14,232
|
|||
|
AXT, Inc. (b)
|
1,240
|
8,308
|
|||
|
Belden, Inc.
|
580
|
34,812
|
|||
|
Benchmark Electronics, Inc.
|
400
|
9,912
|
|||
|
C3.ai, Inc. - Class A (b)
|
70
|
875
|
|||
|
Calix, Inc. (b)
|
405
|
24,762
|
|||
|
Casa Systems, Inc. (b)
|
2,700
|
8,451
|
|||
|
Cass Information Systems, Inc.
|
1,680
|
58,279
|
|||
|
Cirrus Logic, Inc. (b)
|
100
|
6,880
|
|||
|
Comtech Telecommunications Corp.
|
840
|
8,408
|
|||
|
Concentrix Corp.
|
44
|
4,912
|
|||
|
CoreCard Corp. (b)
|
400
|
8,708
|
|||
|
Diebold Nixdorf, Inc. (b)
|
2,270
|
5,539
|
|||
|
Diodes, Inc. (b)
|
460
|
29,859
|
|||
|
Ebix, Inc. (c)
|
850
|
16,124
|
|||
|
eGain Corp. (b)
|
3,450
|
25,357
|
|||
|
ePlus, Inc. (b)
|
305
|
12,670
|
|||
|
Fastly, Inc.- Class A (b)
|
3,650
|
33,434
|
|||
|
Insight Enterprises, Inc. (b)
|
295
|
24,311
|
|||
|
Itron, Inc. (b)
|
790
|
33,267
|
|||
|
Kimball Electronics, Inc. (b)
|
900
|
15,435
|
|||
|
Lumentum Holdings, Inc. (b)
|
214
|
14,674
|
|||
|
MACOM Technology Solutions Holdings, Inc. (b)
|
640
|
33,146
|
|||
|
Maximus, Inc.
|
300
|
17,361
|
|||
|
Methode Electronics, Inc.
|
930
|
34,549
|
|||
|
NCR Corp. (b)
|
900
|
17,109
|
|||
|
NETGEAR, Inc. (b)
|
500
|
10,020
|
|||
|
Olo, Inc. - Class A (b)
|
2,110
|
16,669
|
|||
|
Onto Innovation, Inc. (b)
|
380
|
24,339
|
|||
|
OSI Systems, Inc. (b)
|
325
|
23,419
|
|||
|
Paysafe Ltd. (b)
|
9,510
|
13,124
|
|||
|
PC Connection, Inc.
|
1,015
|
45,766
|
|||
|
Photronics, Inc. (b)
|
7,250
|
105,995
|
|||
|
Ping Identity Holding Corp. (b)
|
710
|
19,930
|
|||
|
Plexus Corp. (b)
|
400
|
35,024
|
|||
|
Rambus, Inc. (b)
|
1,865
|
47,408
|
|||
|
Rimini Street, Inc. (b)
|
39,838
|
185,645
|
|||
|
Sabre Corp. (b)
|
4,925
|
25,364
|
|||
|
Sanmina Corp. (b)
|
4,259
|
196,255
|
|||
|
ScanSource, Inc. (b)
|
1,200
|
31,692
|
|||
|
StoneCo Ltd. - Class A (b)
|
2,530
|
24,111
|
|||
|
Sumo Logic, Inc. (b)
|
1,140
|
8,550
|
|||
|
Super Micro Computer, Inc. (b)
|
665
|
36,621
|
|||
|
Telos Corp. (b)
|
4,700
|
41,783
|
|||
|
The Hackett Group, Inc.
|
1,360
|
24,099
|
|||
|
TTM Technologies, Inc. (b)
|
3,130
|
41,253
|
|||
|
Vishay Intertechnology, Inc.
|
3,440
|
61,198
|
|||
|
Vishay Precision Group, Inc. (b)
|
1,806
|
53,439
|
|||
|
Vontier Corp.
|
1,500
|
25,065
|
|||
|
WNS Holdings Ltd. - ADR (b)
|
3,059
|
250,349
|
|||
|
Xperi Holding Corp.
|
1,200
|
16,968
|
|||
|
1,978,752
|
|||||
|
Materials - 4.4%
|
|||||
|
AdvanSix, Inc.
|
1,000
|
32,100
|
|||
|
American Vanguard Corp.
|
630
|
11,781
|
|||
|
Arconic Corp. (b)
|
600
|
10,224
|
|||
|
Ashland, Inc.
|
2,020
|
191,839
|
|||
|
ATI, Inc. (b)
|
180
|
4,790
|
|||
|
Avient Corp.
|
95
|
2,879
|
|||
|
Cabot Corp.
|
255
|
16,292
|
|||
|
Chase Corp.
|
1,636
|
136,721
|
|||
|
Commercial Metals Co.
|
500
|
17,740
|
|||
|
Compass Minerals International, Inc.
|
250
|
9,633
|
|||
|
Constellium SE (b)
|
895
|
9,075
|
|||
|
Ecovyst, Inc. (b)
|
3,685
|
31,101
|
|||
|
FutureFuel Corp.
|
1,200
|
7,248
|
|||
|
Greif, Inc. - Class A
|
720
|
42,890
|
|||
|
Hawkins, Inc.
|
300
|
11,697
|
|||
|
HB Fuller Co.
|
310
|
18,631
|
|||
|
Ingevity Corp. (b)
|
140
|
8,488
|
|||
|
Innospec, Inc.
|
845
|
72,391
|
|||
|
Kaiser Aluminum Corp.
|
490
|
30,062
|
|||
|
Mercer International, Inc.
|
1,700
|
20,910
|
|||
|
NewMarket Corp.
|
30
|
9,025
|
|||
|
Olympic Steel, Inc.
|
300
|
6,843
|
|||
|
Ryerson Holding Corp.
|
700
|
18,018
|
|||
|
SunCoke Energy, Inc.
|
660
|
3,835
|
|||
|
Taseko Mines Ltd. (b)
|
124,032
|
141,396
|
|||
|
Tredegar Corp.
|
2,510
|
23,694
|
|||
|
TriMas Corp.
|
2,886
|
72,352
|
|||
|
Trinseo PLC
|
1,000
|
18,320
|
|||
|
United States Lime & Minerals, Inc.
|
244
|
24,937
|
|||
|
Warrior Met Coal, Inc.
|
300
|
8,532
|
|||
|
Worthington Industries, Inc.
|
370
|
14,112
|
|||
|
1,027,556
|
|||||
|
Real Estate - 5.9%
|
|||||
|
Acadia Realty Trust
|
1,160
|
14,639
|
|||
|
Agree Realty Corp.
|
590
|
39,872
|
|||
|
Alexander's, Inc.
|
140
|
29,254
|
|||
|
Apple Hospitality REIT, Inc.
|
2,800
|
39,368
|
|||
|
Armada Hoffler Properties, Inc.
|
680
|
7,058
|
|||
|
Braemar Hotels & Resorts, Inc.
|
3,500
|
15,050
|
|||
|
Corporate Office Properties Trust
|
480
|
11,151
|
|||
|
CubeSmart
|
2,321
|
92,979
|
|||
|
DiamondRock Hospitality Co.
|
2,743
|
20,600
|
|||
|
Douglas Emmett, Inc.
|
2,452
|
43,964
|
|||
|
Empire State Realty Trust, Inc. - Class A
|
12,130
|
79,573
|
|||
|
Essential Properties Realty Trust, Inc.
|
2,532
|
49,247
|
|||
|
Four Corners Property Trust, Inc.
|
250
|
6,048
|
|||
|
Getty Realty Corp.
|
1,200
|
32,268
|
|||
|
Healthcare Realty Trust, Inc.
|
510
|
10,634
|
|||
|
iStar, Inc.
|
3,721
|
34,456
|
|||
|
Jones Lang LaSalle, Inc. (b)
|
206
|
31,121
|
|||
|
Kennedy-Wilson Holdings, Inc.
|
3,240
|
50,090
|
|||
|
LXP Industrial Trust
|
1,955
|
17,908
|
|||
|
Marcus & Millichap, Inc.
|
1,490
|
48,842
|
|||
|
National Health Investors, Inc.
|
436
|
24,647
|
|||
|
Outfront Media, Inc.
|
2,430
|
36,912
|
|||
|
Paramount Group, Inc.
|
4,540
|
28,284
|
|||
|
Park Hotels & Resorts, Inc.
|
2,400
|
27,024
|
|||
|
Pebblebrook Hotel Trust
|
2,485
|
36,057
|
|||
|
Piedmont Office Realty Trust, Inc. - Class A
|
2,540
|
26,822
|
|||
|
Rayonier, Inc.
|
3,460
|
103,696
|
|||
|
RE/MAX Holdings, Inc. - Class A
|
1,100
|
20,801
|
|||
|
Retail Opportunity Investments Corp.
|
390
|
5,366
|
|||
|
RPT Realty
|
865
|
6,539
|
|||
|
Ryman Hospitality Properties, Inc.
|
1,691
|
124,441
|
|||
|
Sabra Health Care REIT, Inc.
|
1,410
|
18,499
|
|||
|
Safehold, Inc.
|
360
|
9,526
|
|||
|
Seritage Growth Properties - Class A (b)
|
2,850
|
25,707
|
|||
|
SITE Centers Corp.
|
3,160
|
33,844
|
|||
|
STAG Industrial, Inc.
|
770
|
21,891
|
|||
|
The Macerich Co.
|
2,322
|
18,437
|
|||
|
The RMR Group, Inc. - Class A
|
2,265
|
53,658
|
|||
|
Uniti Group, Inc.
|
1,630
|
11,329
|
|||
|
Urban Edge Properties
|
1,390
|
18,543
|
|||
|
Urstadt Biddle Properties, Inc. - Class A
|
4,390
|
68,089
|
|||
|
1,394,234
|
|||||
|
Utilities - 3.5%
|
|||||
|
ALLETE, Inc.
|
600
|
30,030
|
|||
|
Avista Corp.
|
830
|
30,752
|
|||
|
Black Hills Corp.
|
1,130
|
76,535
|
|||
|
Brookfield Infrastructure Corp. - Class A
|
925
|
37,647
|
|||
|
Clearway Energy, Inc. - Class A
|
980
|
28,518
|
|||
|
Hawaiian Electric Industries, Inc.
|
880
|
30,501
|
|||
|
New Jersey Resources Corp.
|
430
|
16,641
|
|||
|
Northwest Natural Holding Co.
|
130
|
5,639
|
|||
|
Otter Tail Corp.
|
2,370
|
145,802
|
|||
|
PNM Resources, Inc.
|
765
|
34,984
|
|||
|
Portland General Electric Co.
|
1,280
|
55,629
|
|||
|
South Jersey Industries, Inc.
|
4,470
|
149,387
|
|||
|
Spire, Inc.
|
500
|
31,165
|
|||
|
Sunnova Energy International, Inc. (b)
|
3,669
|
81,012
|
|||
|
UGI Corp.
|
1,931
|
62,429
|
|||
|
Via Renewables, Inc.
|
130
|
898
|
|||
|
817,569
|
|||||
|
Total Common Stocks (Cost $23,259,251)
|
23,330,524
|
||||
|
Total Investments at Value - 99.0% (Cost $23,259,251)
|
23,330,524
|
||||
|
Other Assets in Excess of Liabilities - 1.0%
|
240,634
|
||||
|
Net Assets - 100.0%
|
$ |
23,571,158
|
|
Percentages are stated as a percent of net assets.
|
||||
|
ADR - American Depository Recepit
|
||||
|
REIT - Real Estate Investment Trust
|
||||
|
(a) More narrow industries are utilized for compliance purposes, whereas broad sectors are utilized for reporting purposes.
|
||||
|
(b) Non-income producing security.
|
||||
|
(c) This security or a partial position of this security is on loan at September 30, 2022. The total fair value of securities
on loan at September 30, 2022 was $93,644.
|
||||
|
The Accompanying Footnotes are an Integral Part of this Schedule of Investments.
|
||||
|
SMALL COMPANY VALUE PORTFOLIO
|
|||||||||
|
NOTES TO SCHEDULE OF INVESTMENTS
|
|||||||||
|
September 30, 2022 (Unaudited)
|
|||||||||
|
1. Securities Valuation
|
|||||||||
|
Securities listed or traded on U.S. exchanges, including options, futures, swaptions and swap contracts, are valued at
the last sales price on the exchange where they are principally traded. In the absence of a current quotation, a security is valued at the mean between the last bid and asked prices on that exchange. Securities quoted on the National
Association of Securities Dealers Automatic Quotation (NASDAQ) System, for which there have been sales, are valued at the NASDAQ official closing price. If there are no such sales, a security is valued at the mean between the last bid and ask
prices. Securities traded over-the-counter (other than on NASDAQ) are valued at the last current sale price; and if there are no such sales, a security is valued at the mean between the last bid and ask prices. Debt securities are typically
valued at an evaluated bid price by a third-party pricing agent employing methodologies that utilize actual market transactions, broker-supplied valuations, or other inputs designed to identify the market value for such securities.
Third-party pricing agents often utilize proprietary models that are subjective and require the use of judgment and the application of various assumptions including, but not limited to, interest rates, prepayment speeds, and default rate
assumptions. Debt securities that have a remaining maturity of 60 days or less are valued at prices supplied by the Portfolios’ pricing agent for such securities, if available. Otherwise such securities are valued at amortized cost if the
Adviser’s Pricing Committee concludes it approximates fair value. Equity securities primarily traded on a foreign exchange are typically valued daily at a price as provided by an independent pricing service, which is an estimate of the fair
value price.
|
|||||||||
|
Foreign currency contracts, including forward contracts, are valued at the applicable translation rates as supplied by
the third-party pricing vendor. In the event market quotations are not readily available, such securities are valued at fair value according to procedures adopted by the Board of Directors (the “Board”) or as determined in good faith by the
Adviser’s Pricing Committee, whose members include at least two representatives of Wilshire Advisors LLC (the “Adviser”), one of whom is an officer of the Company, or by the Company’s Valuation Committee which is composed of Directors of the
Company. Fair value is defined as the amount the owner of a security might reasonably expect to receive upon a current sale. Securities whose value does not reflect fair value because a significant valuation event has occurred may be valued
at fair value by the Pricing Committee or the Valuation Committee in accordance with the Company’s valuation procedures. Significant events may include, but are not limited to, the following: significant fluctuations in domestic markets,
foreign markets or foreign currencies; occurrences not directly tied to the securities markets such as natural disasters, armed conflicts or significant governmental actions; and major announcements affecting a single issuer or an entire
market or market sector. The value of fair valued securities may be different from the last sale price (or the mean between the last bid and asked prices), and there is no guarantee that a fair valued security will be sold at the price at
which a Portfolio is carrying the security.
|
|||||||||
|
In accordance with the authoritative guidance on fair value measurements and disclosures under U.S. GAAP, the
Portfolios disclose the fair value of their investments in a hierarchy that prioritizes the inputs to valuation techniques used to measure the fair value. The objective of a fair value measurement is to determine the price that would be
received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (an exit price). Accordingly, the fair value hierarchy gives the highest priority to quoted prices
(unadjusted) in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The guidance establishes three levels of the fair value hierarchy as follows:
● Level 1 – Unadjusted quoted prices in active markets for identical, unrestricted assets or liabilities that the
Portfolios have the ability to access at the measurement date;
● Level 2 – Other significant observable inputs (including quoted prices for similar securities, interest rates,
prepayment speeds, credit risk, referenced indices, quoted prices in inactive markets, adjusted quoted prices in active markets, etc.); and
● Level 3 – Prices, inputs or exotic modeling techniques which are both significant to the fair value measurement and
unobservable (supported by little or no market activity).
|
|||||||||
|
The inputs or methodology used for valuing securities are not necessarily an indication of the risks associated with investing in
those securities. During the period ended September 30, 2022, there have been no significant changes to the Portfolio's fair value methodologies.
|
|||||||||
|
The following is a summary of the inputs used to value the Portfolio's investments as of September 30, 2022:
|
|||||||||
|
Small Company Value Portfolio
|
Level 1
|
Level 2
|
Level 3
|
Total
|
||||||||||||
|
Common Stocks . . . . . . . . . . . . . . . . . . . . . . .
|
$
|
23,330,524
|
$
|
-
|
$
|
-
|
$
|
23,330,524
|
||||||||
|
Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
|
$
|
23,330,524
|
$
|
-
|
$
|
-
|
$
|
23,330,524
|
||||||||
|
Refer to the Portfolio's Schedule of Investments for a listing of the securities by industry or sector type. Small Company Value
Portfolio did not hold any assets or liabilities that were measured at fair value on a recurring basis using significant unobservable inputs (Level 3) as of September 30, 2022.
|
||||||||||||||||