|
Adara Smaller Companies Fund
|
||||||||
|
Schedule of Investments
|
||||||||
|
May 31, 2025 (Unaudited)
|
||||||||
|
COMMON STOCKS - 94.7%
|
Shares
|
Value
|
||||||
|
Advertising - 0.1%
|
||||||||
|
MNTN, Inc. - Class A (a)
|
24,220
|
$
|
611,071
|
|||||
|
Aerospace/Defense - 1.7%
|
||||||||
|
AAR Corp. (a)
|
11,755
|
721,875
|
||||||
|
Aerovironment, Inc. (a)
|
1,433
|
255,117
|
||||||
|
Archer Aviation, Inc. - Class A (a)
|
135,625
|
1,368,456
|
||||||
|
Curtiss-Wright Corp.
|
2,004
|
881,980
|
||||||
|
Hexcel Corp.
|
22,514
|
1,190,766
|
||||||
|
Karman Holdings, Inc. (a)
|
46,947
|
2,012,148
|
||||||
|
Kratos Defense & Security Solutions, Inc. (a)
|
53,662
|
1,979,591
|
||||||
|
Mercury Systems, Inc. (a)
|
13,280
|
654,040
|
||||||
|
Moog, Inc. - Class A
|
1,762
|
326,516
|
||||||
|
National Presto Industries, Inc.
|
615
|
52,675
|
||||||
|
Redwire Corp. (a)
|
24,287
|
347,547
|
||||||
|
TAT Technologies Ltd. (a)
|
20,218
|
526,275
|
||||||
|
10,316,986
|
||||||||
|
Agriculture - 1.1%
|
||||||||
|
Alico, Inc.
|
121,300
|
3,911,925
|
||||||
|
Darling Ingredients, Inc. (a)
|
8,943
|
278,664
|
||||||
|
Dole PLC
|
130,824
|
1,852,468
|
||||||
|
Fresh Del Monte Produce, Inc.
|
6,955
|
245,651
|
||||||
|
Vital Farms, Inc. (a)
|
23,998
|
764,096
|
||||||
|
7,052,804
|
||||||||
|
Airlines - 0.1%
|
||||||||
|
SkyWest, Inc. (a)
|
8,137
|
825,499
|
||||||
|
Apparel - 0.9%
|
||||||||
|
Canada Goose Holdings, Inc. (a)
|
109,636
|
1,323,306
|
||||||
|
Crocs, Inc. (a)
|
1,693
|
172,686
|
||||||
|
Hanesbrands, Inc. (a)
|
26,344
|
130,403
|
||||||
|
Kontoor Brands, Inc.
|
4,168
|
285,925
|
||||||
|
Lakeland Industries, Inc.
|
129,540
|
2,469,032
|
||||||
|
Levi Strauss & Co. - Class A
|
33,514
|
581,468
|
||||||
|
Skechers USA, Inc. - Class A (a)
|
3,666
|
227,439
|
||||||
|
Wolverine World Wide, Inc.
|
32,374
|
552,300
|
||||||
|
5,742,559
|
||||||||
|
Auto Manufacturers - 0.3%
|
||||||||
|
Blue Bird Corp. (a)
|
9,361
|
362,271
|
||||||
|
REV Group, Inc.
|
47,007
|
1,762,292
|
||||||
|
2,124,563
|
||||||||
|
Auto Parts & Equipment - 2.1%
|
||||||||
|
Adient PLC (a)
|
18,535
|
288,961
|
||||||
|
BorgWarner, Inc.
|
6,155
|
203,669
|
||||||
|
Cooper-Standard Holdings, Inc. (a)
|
99,450
|
2,291,328
|
||||||
|
Dorman Products, Inc. (a)
|
1,368
|
176,896
|
||||||
|
Fox Factory Holding Corp. (a)
|
2,620
|
67,203
|
||||||
|
Gentherm, Inc. (a)
|
922
|
25,230
|
||||||
|
Miller Industries, Inc.
|
39,500
|
1,790,535
|
||||||
|
Motorcar Parts of America, Inc. (a)
|
366,040
|
4,077,686
|
||||||
|
Standard Motor Products, Inc.
|
6,173
|
187,042
|
||||||
|
Strattec Security Corp. (a)
|
72,130
|
4,037,837
|
||||||
|
13,146,387
|
||||||||
|
Banks - 8.7%
|
||||||||
|
Ameris Bancorp
|
2,245
|
138,000
|
||||||
|
Atlantic Union Bankshares Corp.
|
8,734
|
262,195
|
||||||
|
Bankwell Financial Group, Inc.
|
71,520
|
2,482,459
|
||||||
|
Banner Corp.
|
1,733
|
106,840
|
||||||
|
Cadence Bank
|
22,282
|
675,145
|
||||||
|
Capital Bancorp, Inc.
|
82,990
|
2,680,577
|
||||||
|
Central Pacific Financial Corp.
|
3,784
|
101,033
|
||||||
|
City Holding Co.
|
4,208
|
496,081
|
||||||
|
Coastal Financial Corp./WA (a)
|
15,697
|
1,379,609
|
||||||
|
Colony Bankcorp, Inc.
|
161,947
|
2,476,170
|
||||||
|
Community Financial System, Inc.
|
1,997
|
112,311
|
||||||
|
ConnectOne Bancorp, Inc.
|
5,049
|
115,976
|
||||||
|
Customers Bancorp, Inc. (a)
|
13,377
|
681,692
|
||||||
|
Dime Community Bancshares, Inc.
|
1,047
|
26,866
|
||||||
|
Eastern Bankshares, Inc.
|
5,441
|
81,615
|
||||||
|
Esquire Financial Holdings, Inc.
|
15,195
|
1,378,794
|
||||||
|
First BanCorp
|
38,999
|
779,200
|
||||||
|
First Business Financial Services, Inc.
|
59,879
|
2,920,299
|
||||||
|
First Commonwealth Financial Corp.
|
18,699
|
292,078
|
||||||
|
First Financial Bancorp
|
24,036
|
580,710
|
||||||
|
First Financial Bankshares, Inc.
|
13,162
|
464,092
|
||||||
|
First Hawaiian, Inc.
|
13,502
|
322,428
|
||||||
|
First Interstate BancSystem, Inc. - Class A
|
7,996
|
217,091
|
||||||
|
First Merchants Corp.
|
2,329
|
87,803
|
||||||
|
Five Star Bancorp
|
71,840
|
2,008,646
|
||||||
|
Glacier Bancorp, Inc.
|
40,252
|
1,669,250
|
||||||
|
Heritage Commerce Corp.
|
7,938
|
73,506
|
||||||
|
Hope Bancorp, Inc.
|
27,648
|
277,586
|
||||||
|
Horizon Bancorp, Inc.
|
158,977
|
2,359,219
|
||||||
|
Independent Bank Corp.
|
1,193
|
73,370
|
||||||
|
Metropolitan Bank Holding Corp. (a)
|
54,606
|
3,531,370
|
||||||
|
NBT Bancorp, Inc.
|
1,326
|
55,493
|
||||||
|
Northeast Bank
|
42,470
|
3,560,260
|
||||||
|
OFG Bancorp
|
7,960
|
327,474
|
||||||
|
Old National Bancorp
|
10,450
|
217,987
|
||||||
|
Orrstown Financial Services, Inc.
|
62,786
|
1,887,347
|
||||||
|
Park National Corp.
|
737
|
119,807
|
||||||
|
Parke Bancorp, Inc.
|
124,601
|
2,416,013
|
||||||
|
Pathward Financial, Inc.
|
17,952
|
1,401,154
|
||||||
|
Peapack-Gladstone Financial Corp.
|
2,621
|
71,868
|
||||||
|
Pinnacle Financial Partners, Inc.
|
14,172
|
1,506,200
|
||||||
|
Preferred Bank
|
1,275
|
106,603
|
||||||
|
S&T Bancorp, Inc.
|
8,702
|
319,015
|
||||||
|
Seacoast Banking Corp. of Florida
|
71,190
|
1,838,838
|
||||||
|
Southside Bancshares, Inc.
|
4,513
|
127,222
|
||||||
|
Stellar Bancorp, Inc.
|
2,051
|
55,213
|
||||||
|
Stock Yards Bancorp, Inc.
|
1,084
|
79,739
|
||||||
|
TriCo Bancshares
|
3,184
|
127,042
|
||||||
|
UMB Financial Corp.
|
4,909
|
506,216
|
||||||
|
United Community Banks, Inc.
|
12,730
|
365,860
|
||||||
|
Unity Bancorp, Inc.
|
63,780
|
2,819,395
|
||||||
|
USCB Financial Holdings, Inc.
|
145,370
|
2,402,966
|
||||||
|
Veritex Holdings, Inc.
|
11,815
|
285,923
|
||||||
|
VersaBank
|
249,730
|
2,904,360
|
||||||
|
Walker & Dunlop, Inc.
|
1,239
|
84,859
|
||||||
|
Washington Trust Bancorp, Inc.
|
4,356
|
120,487
|
||||||
|
WesBanco, Inc.
|
11,998
|
369,298
|
||||||
|
West Bancorporation, Inc.
|
52,630
|
1,019,969
|
||||||
|
53,948,619
|
||||||||
|
Beverages - 0.5%
|
||||||||
|
Coca-Cola Consolidated, Inc.
|
2,790
|
319,874
|
||||||
|
MGP Ingredients, Inc.
|
6,885
|
202,557
|
||||||
|
National Beverage Corp.
|
2,518
|
113,889
|
||||||
|
Vita Coco Co., Inc. (a)
|
60,226
|
2,143,443
|
||||||
|
2,779,763
|
||||||||
|
Biotechnology - 4.5%
|
||||||||
|
ADMA Biologics, Inc. (a)
|
44,482
|
882,523
|
||||||
|
Alumis, Inc. (a)
|
8,920
|
31,220
|
||||||
|
Anavex Life Sciences Corp. (a)
|
68,327
|
514,502
|
||||||
|
ANI Pharmaceuticals, Inc. (a)
|
5,276
|
309,807
|
||||||
|
Apogee Therapeutics, Inc. (a)
|
30,652
|
1,123,089
|
||||||
|
Arcellx, Inc. (a)
|
10,079
|
625,503
|
||||||
|
Arcus Biosciences, Inc. (a)
|
6,260
|
55,902
|
||||||
|
Arcutis Biotherapeutics, Inc. (a)
|
79,198
|
1,032,742
|
||||||
|
Arrowhead Pharmaceuticals, Inc. (a)
|
8,589
|
138,025
|
||||||
|
Astria Therapeutics, Inc. (a)
|
104,011
|
495,092
|
||||||
|
Bicara Therapeutics, Inc. (a)
|
4,225
|
39,081
|
||||||
|
BioCryst Pharmaceuticals, Inc. (a)
|
55,742
|
599,227
|
||||||
|
Capricor Therapeutics, Inc. (a)
|
58,905
|
582,571
|
||||||
|
Certara, Inc. (a)
|
84,950
|
965,032
|
||||||
|
Crinetics Pharmaceuticals, Inc. (a)
|
108,828
|
3,320,342
|
||||||
|
Cullinan Therapeutics, Inc. (a)
|
6,212
|
53,703
|
||||||
|
Cytokinetics, Inc. (a)
|
4,225
|
131,060
|
||||||
|
Denali Therapeutics, Inc. (a)
|
50,897
|
673,876
|
||||||
|
Edgewise Therapeutics, Inc. (a)
|
39,515
|
564,274
|
||||||
|
GRAIL, Inc. (a)
|
31,820
|
1,222,206
|
||||||
|
Guardant Health, Inc. (a)
|
23,409
|
950,874
|
||||||
|
Keros Therapeutics, Inc. (a)
|
9,554
|
135,189
|
||||||
|
Kiniksa Pharmaceuticals International PLC (a)
|
47,115
|
1,289,066
|
||||||
|
Korro Bio, Inc. (a)
|
7,282
|
83,161
|
||||||
|
Kura Oncology, Inc. (a)
|
8,218
|
46,760
|
||||||
|
Ligand Pharmaceuticals, Inc. (a)
|
12,743
|
1,302,207
|
||||||
|
Maravai LifeSciences Holdings, Inc. - Class A (a)
|
39,761
|
89,462
|
||||||
|
MBX Biosciences, Inc. (a)
|
49,656
|
616,728
|
||||||
|
Mind Medicine MindMed, Inc. (a)
|
124,213
|
901,786
|
||||||
|
Olema Pharmaceuticals, Inc. (a)
|
122,579
|
647,217
|
||||||
|
Praxis Precision Medicines, Inc. (a)
|
19,393
|
747,600
|
||||||
|
Relay Therapeutics, Inc. (a)
|
19,074
|
57,222
|
||||||
|
Roivant Sciences Ltd. (a)
|
65,535
|
720,230
|
||||||
|
Scholar Rock Holding Corp. (a)
|
37,319
|
1,082,624
|
||||||
|
Septerna, Inc. (a)
|
65,040
|
601,620
|
||||||
|
Structure Therapeutics, Inc. - ADR (a)
|
59,101
|
1,286,038
|
||||||
|
Tarsus Pharmaceuticals, Inc. (a)
|
31,287
|
1,343,777
|
||||||
|
TG Therapeutics, Inc. (a)
|
1,873
|
65,761
|
||||||
|
Travere Therapeutics, Inc. (a)
|
34,641
|
520,308
|
||||||
|
Upstream Bio, Inc. (a)
|
5,900
|
54,457
|
||||||
|
Vericel Corp. (a)
|
1,632
|
67,394
|
||||||
|
Vir Biotechnology, Inc. (a)
|
36,927
|
182,419
|
||||||
|
WaVe Life Sciences Ltd. (a)
|
115,024
|
691,294
|
||||||
|
Xenon Pharmaceuticals, Inc. (a)
|
43,712
|
1,261,091
|
||||||
|
28,104,062
|
||||||||
|
Building Materials - 1.7%
|
||||||||
|
AAON, Inc.
|
6,180
|
595,072
|
||||||
|
American Woodmark Corp. (a)
|
1,043
|
58,794
|
||||||
|
Apogee Enterprises, Inc.
|
7,722
|
298,455
|
||||||
|
Armstrong World Industries, Inc.
|
10,255
|
1,595,986
|
||||||
|
Boise Cascade Co.
|
3,571
|
310,248
|
||||||
|
Gauzy Ltd. (a)
|
19,459
|
159,758
|
||||||
|
Gibraltar Industries, Inc. (a)
|
4,141
|
242,580
|
||||||
|
Knife River Corp. (a)
|
20,924
|
1,968,948
|
||||||
|
Northwest Pipe Co. (a)
|
79,200
|
3,060,288
|
||||||
|
Simpson Manufacturing Co., Inc.
|
2,069
|
322,143
|
||||||
|
SPX Technologies, Inc. (a)
|
4,521
|
687,599
|
||||||
|
Trex Co., Inc. (a)
|
8,804
|
491,880
|
||||||
|
UFP Industries, Inc.
|
8,103
|
790,529
|
||||||
|
10,582,280
|
||||||||
|
Chemicals - 0.6%
|
||||||||
|
AdvanSix, Inc.
|
3,917
|
92,089
|
||||||
|
Balchem Corp.
|
1,142
|
190,371
|
||||||
|
Celanese Corp.
|
4,995
|
263,886
|
||||||
|
Chemours Co.
|
9,276
|
93,966
|
||||||
|
Codexis, Inc. (a)
|
305,813
|
703,370
|
||||||
|
FMC Corp.
|
6,401
|
259,625
|
||||||
|
Innospec, Inc.
|
1,121
|
95,375
|
||||||
|
Koppers Holdings, Inc.
|
7,974
|
244,961
|
||||||
|
Perimeter Solutions, Inc. (a)
|
31,536
|
380,639
|
||||||
|
Rogers Corp. (a)
|
1,868
|
124,353
|
||||||
|
Sensient Technologies Corp.
|
9,994
|
944,733
|
||||||
|
Stepan Co.
|
2,701
|
146,637
|
||||||
|
3,540,005
|
||||||||
|
Coal - 0.2%
|
||||||||
|
Warrior Met Coal, Inc.
|
26,933
|
1,224,105
|
||||||
|
Commercial Services - 9.1%
|
||||||||
|
Acacia Research Corp. (a)
|
347,370
|
1,295,690
|
||||||
|
Adtalem Global Education, Inc. (a)
|
16,737
|
2,209,786
|
||||||
|
Alight, Inc. - Class A
|
199,372
|
1,088,571
|
||||||
|
American Public Education, Inc. (a)
|
70,830
|
2,085,944
|
||||||
|
AMN Healthcare Services, Inc. (a)
|
24,348
|
513,986
|
||||||
|
Arlo Technologies, Inc. (a)
|
152,877
|
2,189,199
|
||||||
|
Barrett Business Services, Inc.
|
47,036
|
1,943,763
|
||||||
|
BGSF, Inc. (a)
|
163,080
|
719,183
|
||||||
|
BrightView Holdings, Inc. (a)
|
134,423
|
2,094,310
|
||||||
|
Brink's Co.
|
4,054
|
332,671
|
||||||
|
CoreCivic, Inc. (a)
|
231,877
|
5,092,019
|
||||||
|
CPI Card Group, Inc. (a)
|
82,089
|
1,827,301
|
||||||
|
Cross Country Healthcare, Inc. (a)
|
6,965
|
91,799
|
||||||
|
Driven Brands Holdings, Inc. (a)
|
39,083
|
696,459
|
||||||
|
EVERTEC, Inc.
|
46,427
|
1,682,050
|
||||||
|
Forrester Research, Inc. (a)
|
137,450
|
1,461,094
|
||||||
|
FTI Consulting, Inc. (a)
|
2,900
|
476,064
|
||||||
|
GEO Group, Inc. (a)
|
38,619
|
1,048,120
|
||||||
|
GXO Logistics, Inc. (a)
|
65,590
|
2,698,373
|
||||||
|
Heidrick & Struggles International, Inc.
|
2,031
|
88,673
|
||||||
|
Herc Holdings, Inc.
|
7,503
|
930,372
|
||||||
|
Huron Consulting Group, Inc. (a)
|
9,182
|
1,311,465
|
||||||
|
Insperity, Inc.
|
20,467
|
1,324,624
|
||||||
|
Kelly Services, Inc. - Class A
|
25,815
|
302,552
|
||||||
|
Lincoln Educational Services Corp. (a)
|
95,170
|
2,265,046
|
||||||
|
MarketAxess Holdings, Inc.
|
1,203
|
260,341
|
||||||
|
Matthews International Corp. - Class A
|
5,499
|
117,954
|
||||||
|
Mister Car Wash, Inc. (a)
|
113,856
|
806,100
|
||||||
|
Payoneer Global, Inc. (a)
|
64,767
|
441,063
|
||||||
|
Perdoceo Education Corp.
|
10,039
|
341,728
|
||||||
|
Progyny, Inc. (a)
|
56,479
|
1,214,298
|
||||||
|
RCM Technologies, Inc. (a)
|
76,040
|
1,740,556
|
||||||
|
Rent-A-Center, Inc.
|
3,409
|
78,202
|
||||||
|
Repay Holdings Corp. (a)
|
159,056
|
765,059
|
||||||
|
Sezzle, Inc. (a)
|
18,904
|
2,017,246
|
||||||
|
Shift4 Payments, Inc. - Class A (a)
|
11,955
|
1,133,214
|
||||||
|
Strategic Education, Inc.
|
1,789
|
163,210
|
||||||
|
Stride, Inc. (a)
|
16,210
|
2,454,032
|
||||||
|
Universal Technical Institute, Inc. (a)
|
116,790
|
4,149,549
|
||||||
|
WEX, Inc. (a)
|
13,661
|
1,815,957
|
||||||
|
WillScot Holdings Corp.
|
119,661
|
3,224,864
|
||||||
|
56,492,487
|
||||||||
|
Computers - 1.4%
|
||||||||
|
Amentum Holdings, Inc. (a)
|
2,599
|
53,695
|
||||||
|
ASGN, Inc. (a)
|
2,386
|
126,005
|
||||||
|
CACI International, Inc. - Class A (a)
|
1,145
|
490,060
|
||||||
|
Cantaloupe, Inc. (a)
|
9,881
|
82,704
|
||||||
|
D-Wave Quantum, Inc. (a)
|
33,500
|
547,055
|
||||||
|
ExlService Holdings, Inc. (a)
|
20,114
|
925,043
|
||||||
|
Grid Dynamics Holdings, Inc. (a)
|
45,052
|
564,501
|
||||||
|
Insight Enterprises, Inc. (a)
|
2,176
|
283,729
|
||||||
|
MAXIMUS, Inc.
|
4,607
|
334,053
|
||||||
|
NCR Voyix Corp. (a)
|
49,502
|
548,977
|
||||||
|
One Stop Systems, Inc. (a)
|
184,188
|
517,568
|
||||||
|
Rimini Street, Inc. (a)
|
592,860
|
1,808,223
|
||||||
|
Science Applications International Corp.
|
1,681
|
194,223
|
||||||
|
Varonis Systems, Inc. (a)
|
31,726
|
1,512,696
|
||||||
|
WNS Holdings Ltd. (a)
|
15,701
|
910,501
|
||||||
|
8,899,033
|
||||||||
|
Cosmetics/Personal Care - 0.9%
|
||||||||
|
elf Beauty, Inc. (a)
|
20,425
|
2,297,608
|
||||||
|
Interparfums, Inc.
|
15,124
|
2,060,191
|
||||||
|
Oddity Tech Ltd. - Class A (a)
|
8,698
|
647,392
|
||||||
|
Prestige Brands Holdings, Inc. (a)
|
3,474
|
297,618
|
||||||
|
5,302,809
|
||||||||
|
Distribution/Wholesale - 0.9%
|
||||||||
|
G-III Apparel Group Ltd. (a)
|
19,012
|
552,299
|
||||||
|
MRC Global, Inc. (a)
|
7,000
|
86,870
|
||||||
|
OPENLANE, Inc. (a)
|
68,964
|
1,581,344
|
||||||
|
Pool Corp.
|
2,106
|
633,043
|
||||||
|
ThredUp, Inc. - Class A (a)
|
71,053
|
511,582
|
||||||
|
Titan Machinery, Inc. (a)
|
21,089
|
393,942
|
||||||
|
VSE Corp.
|
14,993
|
1,950,439
|
||||||
|
WESCO International, Inc.
|
371
|
62,287
|
||||||
|
5,771,806
|
||||||||
|
Diversified Financial Services - 1.7%
|
||||||||
|
Dave, Inc. (a)
|
12,200
|
2,450,004
|
||||||
|
Encore Capital Group, Inc. (a)
|
3,458
|
131,058
|
||||||
|
Enova International, Inc. (a)
|
3,612
|
334,724
|
||||||
|
Houlihan Lokey, Inc.
|
9,148
|
1,597,973
|
||||||
|
Interactive Brokers Group, Inc. - Class A
|
3,063
|
642,250
|
||||||
|
LendingClub Corp. (a)
|
119,711
|
1,200,701
|
||||||
|
Moelis & Co., Class A - Class A
|
24,152
|
1,379,321
|
||||||
|
Perella Weinberg Partners
|
42,411
|
736,679
|
||||||
|
Radian Group, Inc.
|
16,450
|
561,767
|
||||||
|
Silvercrest Asset Management Group, Inc. - Class A
|
87,776
|
1,274,508
|
||||||
|
Virtus Investment Partners, Inc.
|
807
|
137,755
|
||||||
|
World Acceptance Corp. (a)
|
2,155
|
332,904
|
||||||
|
10,779,644
|
||||||||
|
Electric - 0.9%
|
||||||||
|
Hawaiian Electric Industries, Inc. (a)
|
39,161
|
418,239
|
||||||
|
Northwestern Energy Group, Inc.
|
38,213
|
2,114,325
|
||||||
|
Talen Energy Corp. (a)
|
6,042
|
1,473,946
|
||||||
|
TXNM Energy, Inc.
|
22,500
|
1,275,525
|
||||||
|
Unitil Corp.
|
2,272
|
124,574
|
||||||
|
5,406,609
|
||||||||
|
Electrical Components & Equipment - 0.5%
|
||||||||
|
American Superconductor Corp. (a)
|
60,832
|
1,719,112
|
||||||
|
Littelfuse, Inc.
|
1,079
|
221,260
|
||||||
|
Powell Industries, Inc.
|
6,725
|
1,140,493
|
||||||
|
3,080,865
|
||||||||
|
Electronics - 2.3%
|
||||||||
|
Applied Optoelectronics, Inc. (a)
|
38,797
|
598,250
|
||||||
|
Atkore International Group, Inc.
|
17,681
|
1,151,033
|
||||||
|
Badger Meter, Inc.
|
2,217
|
550,304
|
||||||
|
Benchmark Electronics, Inc.
|
4,446
|
162,368
|
||||||
|
Brady Corp. - Class A
|
2,928
|
204,287
|
||||||
|
Coherent Corp. (a)
|
3,416
|
258,352
|
||||||
|
Comtech Telecommunications Corp. (a)
|
196,850
|
409,448
|
||||||
|
Enovix Corp. (a)
|
46,428
|
353,781
|
||||||
|
ESCO Technologies, Inc.
|
1,920
|
347,981
|
||||||
|
Itron, Inc. (a)
|
4,655
|
538,118
|
||||||
|
Kimball Electronics, Inc. (a)
|
137,070
|
2,480,967
|
||||||
|
Knowles Corp. (a)
|
7,352
|
120,646
|
||||||
|
Mirion Technologies, Inc. (a)
|
127,192
|
2,429,367
|
||||||
|
NEXTracker, Inc. - Class A (a)
|
9,653
|
547,229
|
||||||
|
OSI Systems, Inc. (a)
|
1,136
|
248,909
|
||||||
|
Plexus Corp. (a)
|
2,641
|
346,658
|
||||||
|
Sanmina Corp. (a)
|
6,648
|
563,019
|
||||||
|
SYNNEX Corp.
|
830
|
100,712
|
||||||
|
TTM Technologies, Inc. (a)
|
8,548
|
255,243
|
||||||
|
Vontier Corp.
|
70,532
|
2,521,519
|
||||||
|
14,188,191
|
||||||||
|
Energy-Alternate Sources - 0.4%
|
||||||||
|
ASP Isotopes, Inc. (a)
|
51,797
|
391,585
|
||||||
|
Eos Energy Enterprises, Inc. (a)
|
511,634
|
2,128,397
|
||||||
|
REX American Resources Corp. (a)
|
2,520
|
106,193
|
||||||
|
Sunrun, Inc. (a)
|
7,050
|
52,805
|
||||||
|
2,678,980
|
||||||||
|
Engineering & Construction - 2.8%
|
||||||||
|
Arcosa, Inc.
|
4,491
|
387,439
|
||||||
|
Bowman Consulting Group Ltd. (a)
|
104,350
|
2,616,055
|
||||||
|
Comfort Systems USA, Inc.
|
4,006
|
1,915,789
|
||||||
|
Construction Partners, Inc. - Class A (a)
|
24,067
|
2,519,574
|
||||||
|
EMCOR Group, Inc.
|
4,741
|
2,237,088
|
||||||
|
Exponent, Inc.
|
16,611
|
1,268,084
|
||||||
|
Latham Group, Inc. (a)
|
106,042
|
599,137
|
||||||
|
Limbach Holdings, Inc. (a)
|
11,189
|
1,434,654
|
||||||
|
Mistras Group, Inc. (a)
|
107,610
|
812,456
|
||||||
|
MYR Group, Inc. (a)
|
5,139
|
806,052
|
||||||
|
Shimmick Corp. (a)
|
186,970
|
310,370
|
||||||
|
Sterling Construction Co., Inc. (a)
|
8,397
|
1,578,720
|
||||||
|
TopBuild Corp. (a)
|
2,707
|
765,783
|
||||||
|
17,251,201
|
||||||||
|
Entertainment - 1.7%
|
||||||||
|
Atlanta Braves Holdings, Inc. - Class A (a)
|
1,183
|
51,401
|
||||||
|
Cinemark Holdings, Inc.
|
7,468
|
252,195
|
||||||
|
Genius Sports Ltd. (a)
|
208,740
|
2,001,817
|
||||||
|
IMAX Corp., (Canada) (a)
|
74,853
|
2,084,656
|
||||||
|
Monarch Casino & Resort, Inc.
|
3,215
|
269,224
|
||||||
|
Pursuit Attractions and Hospitality, Inc. (a)
|
56,607
|
1,578,769
|
||||||
|
Rush Street Interactive, Inc. (a)
|
161,503
|
2,049,473
|
||||||
|
Scientific Games Corp. (a)
|
6,167
|
555,770
|
||||||
|
United Parks & Resorts, Inc. (a)
|
40,334
|
1,806,560
|
||||||
|
10,649,865
|
||||||||
|
Environmental Control - 0.3%
|
||||||||
|
CECO Environmental Corp. (a)
|
51,679
|
1,389,648
|
||||||
|
PureCycle Technologies, Inc. (a)
|
15,408
|
146,530
|
||||||
|
Tetra Tech, Inc.
|
15,990
|
558,691
|
||||||
|
2,094,869
|
||||||||
|
Food - 0.9%
|
||||||||
|
Calavo Growers, Inc.
|
2,628
|
72,401
|
||||||
|
Ingles Markets, Inc. - Class A
|
26,982
|
1,680,979
|
||||||
|
J&J Snack Foods Corp.
|
578
|
66,568
|
||||||
|
Natural Grocers by Vitamin Cottage, Inc.
|
22,396
|
1,093,597
|
||||||
|
Nomad Foods Ltd.
|
90,610
|
1,585,675
|
||||||
|
SpartanNash Co.
|
4,482
|
87,220
|
||||||
|
TreeHouse Foods, Inc. (a)
|
11,609
|
260,738
|
||||||
|
United Natural Foods, Inc. (a)
|
19,944
|
609,688
|
||||||
|
Weis Markets, Inc.
|
1,995
|
151,221
|
||||||
|
5,608,087
|
||||||||
|
Gas - 0.4%
|
||||||||
|
Northwest Natural Holding, Co.
|
10,869
|
445,303
|
||||||
|
Southwest Gas Holdings, Inc.
|
24,526
|
1,761,702
|
||||||
|
2,207,005
|
||||||||
|
Hand/Machine Tools - 0.5%
|
||||||||
|
Enerpac Tool Group Corp.
|
17,577
|
753,702
|
||||||
|
Franklin Electric Co., Inc.
|
1,896
|
163,795
|
||||||
|
Hurco Cos., Inc. (a)
|
72,650
|
1,062,870
|
||||||
|
MSA Safety, Inc.
|
6,765
|
1,102,492
|
||||||
|
3,082,859
|
||||||||
|
Healthcare-Products - 4.2%
|
||||||||
|
ABIOMED Inc. (a)(b)
|
1,453
|
0
|
||||||
|
Adaptive Biotechnologies Corp. (a)
|
242,886
|
2,312,275
|
||||||
|
Albireo Pharma Inc. (a)(b)
|
1,908
|
0
|
||||||
|
Alphatec Holdings, Inc. (a)
|
105,708
|
1,313,950
|
||||||
|
AngioDynamics, Inc. (a)
|
110,306
|
1,125,121
|
||||||
|
Avanos Medical, Inc. (a)
|
12,282
|
154,385
|
||||||
|
AxoGen, Inc. (a)
|
52,420
|
570,854
|
||||||
|
Beta Bionics, Inc. (a)
|
40,374
|
696,048
|
||||||
|
Brooks Automation, Inc. (a)
|
2,595
|
69,338
|
||||||
|
CryoLife, Inc. (a)
|
3,328
|
98,442
|
||||||
|
Embecta Corp.
|
91,863
|
967,317
|
||||||
|
Enovis Corp. (a)
|
36,173
|
1,132,215
|
||||||
|
Establishment Labs Holdings, Inc. (a)
|
30,393
|
1,046,127
|
||||||
|
Glaukos Corp. (a)
|
2,161
|
203,761
|
||||||
|
Haemonetics Corp. (a)
|
31,555
|
2,136,589
|
||||||
|
ICU Medical, Inc. (a)
|
10,711
|
1,444,485
|
||||||
|
Inmode Ltd. (a)
|
29,787
|
436,677
|
||||||
|
Lantheus Holdings, Inc. (a)
|
16,898
|
1,276,813
|
||||||
|
LeMaitre Vascular, Inc.
|
934
|
76,775
|
||||||
|
Masimo Corp. (a)
|
2,530
|
411,125
|
||||||
|
Merit Medical Systems, Inc. (a)
|
3,088
|
293,453
|
||||||
|
Neogen Corp. (a)
|
80,399
|
471,138
|
||||||
|
NeuroPace, Inc. (a)
|
42,404
|
560,581
|
||||||
|
OmniAb, Inc. (a)(b)
|
370
|
0
|
||||||
|
OmniAb, Inc. (a)(b)
|
370
|
0
|
||||||
|
Omnicell, Inc. (a)
|
24,910
|
756,517
|
||||||
|
QuidelOrtho Corp. (a)
|
3,909
|
119,889
|
||||||
|
Repligen Corp. (a)
|
11,437
|
1,350,367
|
||||||
|
Semler Scientific, Inc. (a)
|
19,690
|
787,600
|
||||||
|
Sensus Healthcare, Inc. (a)
|
154,280
|
734,373
|
||||||
|
SI-BONE, Inc. (a)
|
80,102
|
1,513,928
|
||||||
|
STAAR Surgical Co. (a)
|
2,784
|
49,583
|
||||||
|
Stevanato Group SpA
|
61,290
|
1,361,251
|
||||||
|
Surmodics, Inc. (a)
|
2,311
|
67,065
|
||||||
|
TransMedics Group, Inc. (a)
|
15,402
|
1,957,902
|
||||||
|
West Pharmaceutical Services, Inc.
|
2,836
|
597,971
|
||||||
|
26,093,915
|
||||||||
|
Healthcare-Services - 1.1%
|
||||||||
|
Addus HomeCare Corp. (a)
|
9,215
|
1,022,036
|
||||||
|
Amedisys, Inc. (a)
|
2,182
|
205,261
|
||||||
|
Ardent Health Partners, Inc. (a)
|
72,908
|
1,055,708
|
||||||
|
Chemed Corp.
|
621
|
356,976
|
||||||
|
CorVel Corp. (a)
|
1,296
|
144,206
|
||||||
|
Ensign Group, Inc.
|
2,982
|
439,129
|
||||||
|
Fortrea Holdings, Inc. (a)
|
29,756
|
127,951
|
||||||
|
GeneDx Holdings Corp. (a)
|
9,596
|
683,427
|
||||||
|
HealthEquity, Inc. (a)
|
1,801
|
181,198
|
||||||
|
MEDNAX, Inc. (a)
|
54,613
|
772,774
|
||||||
|
National HealthCare Corp.
|
3,006
|
313,045
|
||||||
|
PACS Group, Inc. (a)
|
5,433
|
53,895
|
||||||
|
RadNet, Inc. (a)
|
27,341
|
1,571,834
|
||||||
|
US Physical Therapy, Inc.
|
1,232
|
92,388
|
||||||
|
7,019,828
|
||||||||
|
Home Builders - 1.0%
|
||||||||
|
Cavco Industries, Inc. (a)
|
624
|
270,563
|
||||||
|
Century Communities, Inc.
|
9,495
|
492,506
|
||||||
|
Champion Homes, Inc. (a)
|
15,811
|
1,034,039
|
||||||
|
Installed Building Products, Inc.
|
10,006
|
1,595,757
|
||||||
|
LCI Industries
|
2,012
|
175,326
|
||||||
|
LGI Homes, Inc. (a)
|
32,078
|
1,607,108
|
||||||
|
M/I Homes, Inc. (a)
|
5,874
|
626,227
|
||||||
|
Winnebago Industries, Inc.
|
5,231
|
177,488
|
||||||
|
5,979,014
|
||||||||
|
Home Furnishings - 1.1%
|
||||||||
|
Ethan Allen Interiors, Inc.
|
3,342
|
87,326
|
||||||
|
Hamilton Beach Brands Holding Co. - Class A
|
135,580
|
2,477,047
|
||||||
|
Leggett & Platt, Inc.
|
10,424
|
94,441
|
||||||
|
Sleep Number Corp. (a)
|
284,580
|
3,062,081
|
||||||
|
Universal Electronics, Inc. (a)
|
149,350
|
987,204
|
||||||
|
6,708,099
|
||||||||
|
Household Products/Wares - 0.1%
|
||||||||
|
Central Garden & Pet Co. (a)
|
1,215
|
43,813
|
||||||
|
Central Garden & Pet Co. - Class A (a)
|
303
|
9,687
|
||||||
|
Helen of Troy Ltd. (a)
|
9,475
|
254,783
|
||||||
|
Quanex Building Products Corp.
|
1,957
|
32,740
|
||||||
|
WD-40 Co.
|
1,574
|
383,474
|
||||||
|
724,497
|
||||||||
|
Housewares - 0.1%
|
||||||||
|
Lifetime Brands, Inc.
|
212,930
|
709,057
|
||||||
|
Insurance - 4.7%
|
||||||||
|
American Integrity Insurance Group, Inc. (a)
|
79,620
|
1,319,303
|
||||||
|
Assured Guaranty Ltd.
|
25,726
|
2,175,133
|
||||||
|
Axis Capital Holdings Ltd.
|
32,772
|
3,401,734
|
||||||
|
Bowhead Specialty Holdings, Inc. (a)
|
27,840
|
1,038,432
|
||||||
|
Employers Holdings, Inc.
|
3,627
|
176,526
|
||||||
|
Enstar Group Ltd. (a)
|
52
|
17,420
|
||||||
|
Genworth Financial, Inc. - Class A (a)
|
386,192
|
2,722,654
|
||||||
|
HCI Group, Inc.
|
19,689
|
3,322,913
|
||||||
|
Heritage Insurance Holdings, Inc. (a)
|
126,647
|
3,099,052
|
||||||
|
NMI Holdings, Inc. - Class A (a)
|
9,565
|
379,922
|
||||||
|
Palomar Holdings, Inc. (a)
|
13,037
|
2,235,454
|
||||||
|
RLI Corp.
|
2,956
|
227,228
|
||||||
|
Root, Inc./OH (a)
|
13,024
|
1,706,014
|
||||||
|
Safety Insurance Group, Inc.
|
1,593
|
130,849
|
||||||
|
Selective Insurance Group, Inc.
|
3,866
|
340,285
|
||||||
|
Skyward Specialty Insurance Group, Inc. (a)
|
28,503
|
1,805,665
|
||||||
|
Stewart Information Services Corp.
|
2,200
|
132,748
|
||||||
|
TWFG, Inc. (a)
|
27,578
|
965,506
|
||||||
|
White Mountains Insurance Group Ltd.
|
2,104
|
3,755,219
|
||||||
|
28,952,057
|
||||||||
|
Internet - 2.5%
|
||||||||
|
Bumble, Inc. - Class A (a)
|
37,209
|
209,115
|
||||||
|
DHI Group, Inc. (a)
|
1,321,080
|
2,840,322
|
||||||
|
ePlus, Inc. (a)
|
43,438
|
3,100,170
|
||||||
|
EverQuote, Inc. - Class A (a)
|
27,599
|
636,157
|
||||||
|
Fiverr International Ltd. (a)
|
57,489
|
1,863,793
|
||||||
|
Gambling.com Group Ltd. (a)
|
54,338
|
640,645
|
||||||
|
Groupon, Inc. (a)
|
12,728
|
370,767
|
||||||
|
HealthStream, Inc.
|
2,700
|
75,654
|
||||||
|
Magnite, Inc. (a)
|
50,797
|
831,039
|
||||||
|
Q2 Holdings, Inc. (a)
|
15,519
|
1,358,223
|
||||||
|
QuinStreet, Inc. (a)
|
34,267
|
523,257
|
||||||
|
RealReal, Inc. (a)
|
159,449
|
900,887
|
||||||
|
Shutterstock, Inc.
|
12,201
|
225,108
|
||||||
|
TripAdvisor, Inc. (a)
|
69,810
|
994,094
|
||||||
|
Yelp, Inc. (a)
|
27,842
|
1,062,729
|
||||||
|
15,631,960
|
||||||||
|
Investment Companies - 0.7%
|
||||||||
|
Cannae Holdings, Inc.
|
99,907
|
1,863,266
|
||||||
|
Core Scientific, Inc. (a)
|
141,673
|
1,508,817
|
||||||
|
HA Sustainable Infrastructure Capital, Inc.
|
5,663
|
141,858
|
||||||
|
MARA Holdings, Inc. (a)
|
4,676
|
66,025
|
||||||
|
Terawulf, Inc. (a)
|
243,823
|
860,695
|
||||||
|
4,440,661
|
||||||||
|
Iron/Steel - 0.5%
|
||||||||
|
ATI, Inc. (a)
|
7,199
|
573,328
|
||||||
|
Carpenter Technology Corp.
|
11,908
|
2,798,380
|
||||||
|
3,371,708
|
||||||||
|
Leisure Time - 0.5%
|
||||||||
|
Callaway Golf Co. (a)
|
8,836
|
56,020
|
||||||
|
Lindblad Expeditions Holdings, Inc. (a)
|
46,069
|
483,725
|
||||||
|
OneSpaWorld Holdings Ltd.
|
135,758
|
2,560,396
|
||||||
|
3,100,141
|
||||||||
|
Lodging - 0.1%
|
||||||||
|
Boyd Gaming Corp.
|
4,776
|
358,057
|
||||||
|
Marcus Corp.
|
4,068
|
75,176
|
||||||
|
433,233
|
||||||||
|
Machinery-Construction & Mining - 1.3%
|
||||||||
|
Argan, Inc.
|
15,876
|
3,338,723
|
||||||
|
Bloom Energy Corp. - Class A (a)
|
56,900
|
1,050,943
|
||||||
|
BWX Technologies, Inc.
|
18,625
|
2,339,300
|
||||||
|
NuScale Power Corp. (a)
|
33,768
|
1,080,238
|
||||||
|
7,809,204
|
||||||||
|
Machinery-Diversified - 1.5%
|
||||||||
|
Albany International Corp. - Class A
|
1,126
|
74,395
|
||||||
|
Applied Industrial Technologies, Inc.
|
5,331
|
1,207,578
|
||||||
|
Chart Industries, Inc. (a)
|
10,391
|
1,629,932
|
||||||
|
Flowserve Corp.
|
23,387
|
1,167,245
|
||||||
|
Kornit Digital Ltd. (a)
|
3,316
|
72,289
|
||||||
|
Lindsay Corp.
|
9,393
|
1,309,384
|
||||||
|
Mueller Water Products, Inc. - Class A
|
38,601
|
946,883
|
||||||
|
Tennant Co.
|
13,499
|
1,004,596
|
||||||
|
Toro Co.
|
5,348
|
405,271
|
||||||
|
Twin Disc, Inc.
|
225,745
|
1,636,651
|
||||||
|
9,454,224
|
||||||||
|
Media - 0.1%
|
||||||||
|
Scholastic Corp.
|
5,558
|
95,987
|
||||||
|
Sinclair, Inc.
|
17,962
|
252,007
|
||||||
|
347,994
|
||||||||
|
Metal Fabricate/Hardware - 0.8%
|
||||||||
|
AZZ, Inc.
|
11,323
|
1,026,883
|
||||||
|
Janus International Group, Inc. (a)
|
129,571
|
1,058,595
|
||||||
|
Mueller Industries, Inc.
|
11,950
|
930,547
|
||||||
|
NN, Inc. (a)
|
176,710
|
362,255
|
||||||
|
Standex International Corp.
|
1,485
|
224,146
|
||||||
|
Xometry, Inc. - Class A (a)
|
45,127
|
1,495,960
|
||||||
|
5,098,386
|
||||||||
|
Mining - 0.9%
|
||||||||
|
Centrus Energy Corp. - Class A (a)
|
15,719
|
1,995,055
|
||||||
|
Century Aluminum Co. (a)
|
18,637
|
288,687
|
||||||
|
IAMGOLD Corp. (a)
|
162,479
|
1,114,606
|
||||||
|
Perpetua Resources Corp. (a)
|
51,081
|
710,537
|
||||||
|
Uranium Energy Corp. (a)
|
213,689
|
1,267,176
|
||||||
|
5,376,061
|
||||||||
|
Miscellaneous Manufacturing - 1.8%
|
||||||||
|
Axon Enterprise, Inc. (a)
|
5,340
|
4,006,922
|
||||||
|
Byrna Technologies, Inc. (a)
|
42,653
|
1,137,129
|
||||||
|
Core Molding Technologies, Inc. (a)
|
61,350
|
1,022,705
|
||||||
|
Enpro, Inc.
|
4,961
|
918,480
|
||||||
|
Fabrinet (a)
|
8,411
|
1,958,670
|
||||||
|
Federal Signal Corp.
|
6,477
|
609,291
|
||||||
|
JBT Marel Corp.
|
2,493
|
286,221
|
||||||
|
Materion Corp.
|
2,877
|
222,766
|
||||||
|
Park Aerospace Corp.
|
92,759
|
1,266,160
|
||||||
|
11,428,344
|
||||||||
|
Office Furnishings - 0.0%(c)
|
||||||||
|
Interface, Inc.
|
11,644
|
233,928
|
||||||
|
Office-Business Equipment - 0.1%
|
||||||||
|
Pitney Bowes, Inc.
|
13,705
|
141,162
|
||||||
|
Xerox Holdings Corp.
|
49,553
|
242,314
|
||||||
|
383,476
|
||||||||
|
Oil & Gas - 1.7%
|
||||||||
|
BKV Corp. (a)
|
23,946
|
514,839
|
||||||
|
Delek US Holdings, Inc.
|
71,647
|
1,379,205
|
||||||
|
Evolution Petroleum Corp.
|
97,583
|
438,148
|
||||||
|
Expand Energy Corp.
|
9,762
|
1,133,661
|
||||||
|
Gulfport Energy Corp. (a)
|
10,110
|
1,936,065
|
||||||
|
Landbridge Co. LLC - Class A
|
16,889
|
1,206,719
|
||||||
|
Patterson-UTI Energy, Inc.
|
112,890
|
623,153
|
||||||
|
PBF Energy, Inc. - Class A
|
5,245
|
99,917
|
||||||
|
Range Resources Corp.
|
29,237
|
1,112,175
|
||||||
|
Sable Offshore Corp. (a)
|
35,225
|
1,013,775
|
||||||
|
SM Energy Co.
|
50,967
|
1,193,647
|
||||||
|
Talos Energy, Inc. (a)
|
6,990
|
56,200
|
||||||
|
10,707,504
|
||||||||
|
Oil & Gas Services - 1.6%
|
||||||||
|
Aris Water Solutions, Inc. - Class A
|
31,022
|
683,725
|
||||||
|
DMC Global, Inc. (a)
|
215,930
|
1,394,908
|
||||||
|
DNOW, Inc. (a)
|
14,472
|
208,686
|
||||||
|
Helix Energy Solutions Group, Inc. (a)
|
41,891
|
259,305
|
||||||
|
Kodiak Gas Services, Inc.
|
27,717
|
978,687
|
||||||
|
Natural Gas Services Group, Inc. (a)
|
162,000
|
3,883,140
|
||||||
|
Oceaneering International, Inc. (a)
|
35,309
|
673,343
|
||||||
|
Solaris Energy Infrastructure, Inc.
|
58,227
|
1,597,167
|
||||||
|
9,678,961
|
||||||||
|
Packaging & Containers - 0.2%
|
||||||||
|
Clearwater Paper Corp. (a)
|
2,737
|
78,798
|
||||||
|
TriMas Corp.
|
32,595
|
859,530
|
||||||
|
938,328
|
||||||||
|
Pharmaceuticals - 1.3%
|
||||||||
|
Amphastar Pharmaceuticals, Inc. (a)
|
6,771
|
174,082
|
||||||
|
Centessa Pharmaceuticals PLC - ADR (a)
|
37,158
|
502,005
|
||||||
|
Collegium Pharmaceutical, Inc. (a)
|
2,619
|
76,318
|
||||||
|
Corcept Therapeutics, Inc. (a)
|
3,332
|
258,430
|
||||||
|
Guardian Pharmacy Services, Inc. - Class A (a)
|
29,247
|
619,159
|
||||||
|
Madrigal Pharmaceuticals, Inc. (a)
|
334
|
91,937
|
||||||
|
MERUS NV (a)
|
19,946
|
1,118,372
|
||||||
|
Organon & Co.
|
48,975
|
451,550
|
||||||
|
Pacira BioSciences, Inc. (a)
|
12,980
|
335,403
|
||||||
|
Premier, Inc. - Class A
|
5,713
|
131,285
|
||||||
|
Protagonist Therapeutics, Inc. (a)
|
28,791
|
1,366,709
|
||||||
|
Rhythm Pharmaceuticals, Inc. (a)
|
33,245
|
2,038,916
|
||||||
|
Spyre Therapeutics, Inc. (a)
|
26,005
|
397,356
|
||||||
|
USANA Health Sciences, Inc. (a)
|
5,528
|
165,121
|
||||||
|
Xeris Biopharma Holdings, Inc. (a)
|
113,364
|
560,018
|
||||||
|
8,286,661
|
||||||||
|
Private Equity - 0.3%
|
||||||||
|
P10, Inc. - Class A
|
167,408
|
1,818,051
|
||||||
|
Real Estate - 0.8%
|
||||||||
|
Howard Hughes Holdings, Inc. (a)
|
14,760
|
1,008,256
|
||||||
|
Kennedy-Wilson Holdings, Inc.
|
23,811
|
151,676
|
||||||
|
McGrath RentCorp
|
32,901
|
3,697,414
|
||||||
|
4,857,346
|
||||||||
|
REITS - 2.0%
|
||||||||
|
Agree Realty Corp.
|
1,641
|
123,567
|
||||||
|
Alexander & Baldwin, Inc.
|
4,543
|
81,365
|
||||||
|
Alexander's, Inc.
|
670
|
150,877
|
||||||
|
Alpine Income Property Trust, Inc.
|
113,104
|
1,732,753
|
||||||
|
American Assets Trust, Inc.
|
23,849
|
475,549
|
||||||
|
Apollo Commercial Real Estate Finance, Inc.
|
44,054
|
433,051
|
||||||
|
Armada Hoffler Properties, Inc.
|
30,687
|
213,582
|
||||||
|
Blackstone Mortgage Trust, Inc. - Class A
|
6,106
|
115,342
|
||||||
|
Brandywine Realty Trust
|
21,186
|
89,617
|
||||||
|
CareTrust REIT, Inc.
|
7,113
|
204,570
|
||||||
|
Centerspace
|
2,329
|
148,474
|
||||||
|
Chimera Investment Corp.
|
18,396
|
242,459
|
||||||
|
Community Healthcare Trust, Inc.
|
9,558
|
156,178
|
||||||
|
DiamondRock Hospitality Co.
|
13,130
|
100,313
|
||||||
|
EastGroup Properties, Inc.
|
2,590
|
439,135
|
||||||
|
Getty Realty Corp.
|
5,173
|
151,362
|
||||||
|
Gladstone Commercial Corp.
|
10,245
|
147,016
|
||||||
|
Gladstone Land Corp.
|
10,200
|
100,827
|
||||||
|
Global Medical REIT, Inc.
|
234,590
|
1,491,992
|
||||||
|
Global Net Lease, Inc.
|
24,433
|
189,600
|
||||||
|
Highwoods Properties, Inc.
|
6,502
|
193,109
|
||||||
|
Kite Realty Group Trust
|
7,450
|
164,794
|
||||||
|
Lexington Realty Trust
|
12,112
|
103,921
|
||||||
|
Medical Properties Trust, Inc.
|
48,000
|
219,360
|
||||||
|
NETSTREIT Corp.
|
3,764
|
60,600
|
||||||
|
NexPoint Residential Trust, Inc.
|
2,074
|
70,516
|
||||||
|
Outfront Media, Inc.
|
49,235
|
813,362
|
||||||
|
PennyMac Mortgage Investment Trust
|
24,404
|
299,681
|
||||||
|
Piedmont Office Realty Trust, Inc. - Class A
|
33,537
|
238,783
|
||||||
|
PotlatchDeltic Corp.
|
1,462
|
57,515
|
||||||
|
Redwood Trust, Inc.
|
77,920
|
424,664
|
||||||
|
Regency Centers Corp.
|
2,758
|
198,990
|
||||||
|
Safehold, Inc.
|
8,818
|
132,887
|
||||||
|
Saul Centers, Inc.
|
2,685
|
90,431
|
||||||
|
Service Properties Trust
|
37,213
|
86,334
|
||||||
|
Sunrise Realty Trust, Inc.
|
96,890
|
1,040,599
|
||||||
|
Tanger, Inc.
|
33,410
|
995,618
|
||||||
|
TPG RE Finance Trust, Inc.
|
8,617
|
66,179
|
||||||
|
Uniti Group, Inc.
|
49,540
|
213,022
|
||||||
|
Universal Health Realty Income Trust
|
4,575
|
181,673
|
||||||
|
Whitestone REIT
|
14,111
|
173,848
|
||||||
|
12,613,515
|
||||||||
|
Retail - 5.5%
|
||||||||
|
Abercrombie & Fitch Co. - Class A (a)
|
2,464
|
193,399
|
||||||
|
Advance Auto Parts, Inc.
|
2,595
|
124,378
|
||||||
|
America's Car-Mart, Inc./TX (a)
|
1,410
|
70,162
|
||||||
|
Asbury Automotive Group, Inc. (a)
|
15,526
|
3,538,531
|
||||||
|
BJ's Restaurants, Inc. (a)
|
7,047
|
314,367
|
||||||
|
BlueLinx Holdings, Inc. (a)
|
13,760
|
920,819
|
||||||
|
Boot Barn Holdings, Inc. (a)
|
11,131
|
1,784,411
|
||||||
|
Buckle, Inc.
|
2,951
|
125,742
|
||||||
|
Build-A-Bear Workshop, Inc.
|
86,670
|
4,423,637
|
||||||
|
Casey's General Stores, Inc.
|
1,888
|
826,491
|
||||||
|
Cracker Barrel Old Country Store, Inc.
|
1,090
|
62,610
|
||||||
|
Destination XL Group, Inc. (a)
|
485,480
|
548,592
|
||||||
|
FirstCash Holdings, Inc.
|
2,930
|
374,776
|
||||||
|
Five Below, Inc. (a)
|
3,696
|
430,843
|
||||||
|
GMS, Inc. (a)
|
22,010
|
1,666,817
|
||||||
|
Group 1 Automotive, Inc.
|
2,270
|
962,298
|
||||||
|
Guess?, Inc.
|
12,246
|
128,338
|
||||||
|
Kura Sushi USA, Inc. - Class A (a)
|
8,231
|
543,740
|
||||||
|
Lithia Motors, Inc.
|
382
|
121,060
|
||||||
|
MSC Industrial Direct Co., Inc. - Class A
|
8,519
|
691,743
|
||||||
|
Murphy USA, Inc.
|
7,487
|
3,195,377
|
||||||
|
National Vision Holdings, Inc. (a)
|
55,531
|
1,100,069
|
||||||
|
Nu Skin Enterprises, Inc. - Class A
|
35,505
|
306,408
|
||||||
|
ODP Corp. (a)
|
4,256
|
70,011
|
||||||
|
Ollie's Bargain Outlet Holdings, Inc. (a)
|
16,490
|
1,837,810
|
||||||
|
Papa John's International, Inc.
|
24,677
|
1,116,634
|
||||||
|
Portillo's, Inc. - Class A (a)
|
105,324
|
1,263,888
|
||||||
|
PriceSmart, Inc.
|
23,643
|
2,552,971
|
||||||
|
Red Robin Gourmet Burgers, Inc. (a)
|
528,900
|
2,697,390
|
||||||
|
RH (a)
|
2,399
|
434,483
|
||||||
|
Shoe Carnival, Inc.
|
6,304
|
121,163
|
||||||
|
Signet Jewelers Ltd.
|
5,100
|
339,507
|
||||||
|
Sweetgreen, Inc. - Class A (a)
|
26,727
|
358,676
|
||||||
|
Texas Roadhouse, Inc.
|
2,804
|
547,369
|
||||||
|
Tilly's, Inc. - Class A (a)
|
201,850
|
288,646
|
||||||
|
34,083,156
|
||||||||
|
Savings & Loans - 1.3%
|
||||||||
|
Axos Financial, Inc. (a)
|
3,461
|
240,678
|
||||||
|
Banc of California, Inc.
|
1,809
|
24,820
|
||||||
|
Berkshire Hills Bancorp, Inc.
|
17,583
|
435,355
|
||||||
|
FS Bancorp, Inc.
|
88,474
|
3,398,286
|
||||||
|
Home Bancorp, Inc.
|
34,650
|
1,746,360
|
||||||
|
Northfield Bancorp, Inc.
|
9,880
|
115,398
|
||||||
|
Northwest Bancshares, Inc.
|
5,826
|
71,543
|
||||||
|
OceanFirst Financial Corp.
|
5,361
|
90,118
|
||||||
|
Pacific Premier Bancorp, Inc.
|
8,033
|
170,300
|
||||||
|
Provident Financial Services, Inc.
|
15,571
|
260,036
|
||||||
|
Riverview Bancorp, Inc.
|
256,620
|
1,426,807
|
||||||
|
7,979,701
|
||||||||
|
Semiconductors - 2.1%
|
||||||||
|
Advanced Energy Industries, Inc.
|
2,466
|
283,047
|
||||||
|
Aehr Test Systems (a)
|
65,522
|
625,080
|
||||||
|
Allegro MicroSystems, Inc. (a)
|
37,965
|
962,413
|
||||||
|
Amtech Systems, Inc. (a)
|
267,970
|
1,074,560
|
||||||
|
AXT, Inc. (a)
|
742,790
|
1,121,613
|
||||||
|
CEVA, Inc. (a)
|
2,534
|
47,538
|
||||||
|
Cirrus Logic, Inc. (a)
|
3,525
|
346,719
|
||||||
|
FormFactor, Inc. (a)
|
5,658
|
168,891
|
||||||
|
inTEST Corp. (a)
|
223,130
|
1,349,936
|
||||||
|
Kulicke & Soffa Industries, Inc.
|
6,419
|
206,371
|
||||||
|
Lattice Semiconductor Corp. (a)
|
22,019
|
989,534
|
||||||
|
MKS, Inc.
|
1,371
|
112,682
|
||||||
|
Monolithic Power Systems, Inc.
|
1,952
|
1,292,029
|
||||||
|
Onto Innovation, Inc. (a)
|
12,655
|
1,163,501
|
||||||
|
Photronics, Inc. (a)
|
7,595
|
126,912
|
||||||
|
Power Integrations, Inc.
|
6,328
|
314,691
|
||||||
|
Semtech Corp. (a)
|
911
|
34,008
|
||||||
|
SiTime Corp. (a)
|
12,536
|
2,457,934
|
||||||
|
Veeco Instruments, Inc. (a)
|
3,472
|
67,044
|
||||||
|
12,744,503
|
||||||||
|
Software - 5.2%
|
||||||||
|
ACI Worldwide, Inc. (a)
|
14,273
|
660,269
|
||||||
|
ACV Auctions, Inc. - Class A (a)
|
130,013
|
2,129,613
|
||||||
|
Agilysys, Inc. (a)
|
13,941
|
1,476,491
|
||||||
|
Alkami Technology, Inc. (a)
|
76,344
|
2,186,492
|
||||||
|
Asure Software, Inc. (a)
|
265,320
|
2,573,604
|
||||||
|
AvePoint, Inc. (a)
|
93,429
|
1,742,451
|
||||||
|
BILL Holdings, Inc. (a)
|
24,536
|
1,071,732
|
||||||
|
Blackbaud, Inc. (a)
|
799
|
49,722
|
||||||
|
BlackLine, Inc. (a)
|
21,399
|
1,196,846
|
||||||
|
Clearwater Analytics Holdings, Inc. - Class A (a)
|
46,078
|
1,064,402
|
||||||
|
Concentrix Corp.
|
830
|
46,451
|
||||||
|
Confluent, Inc. - Class A (a)
|
66,545
|
1,532,531
|
||||||
|
CSG Systems International, Inc.
|
2,939
|
194,150
|
||||||
|
Freshworks, Inc. - Class A (a)
|
79,618
|
1,215,767
|
||||||
|
Genasys, Inc. (a)
|
388,130
|
632,652
|
||||||
|
Gitlab, Inc. - Class A (a)
|
22,037
|
1,002,904
|
||||||
|
Innodata, Inc. (a)
|
29,287
|
1,155,958
|
||||||
|
JFrog Ltd. (a)
|
41,464
|
1,780,464
|
||||||
|
LiveRamp Holdings, Inc. (a)
|
5,117
|
166,712
|
||||||
|
Olo, Inc. - Class A (a)
|
109,260
|
951,655
|
||||||
|
Porch Group, Inc. (a)
|
232,108
|
2,116,825
|
||||||
|
Privia Health Group, Inc. (a)
|
68,610
|
1,561,564
|
||||||
|
Procore Technologies, Inc. (a)
|
14,347
|
963,688
|
||||||
|
Progress Software Corp.
|
5,306
|
326,637
|
||||||
|
Smith Micro Software, Inc. (a)
|
224,280
|
182,945
|
||||||
|
SoundHound AI, Inc. - Class A (a)
|
115,121
|
1,163,873
|
||||||
|
SPS Commerce, Inc. (a)
|
800
|
112,608
|
||||||
|
Take-Two Interactive Software, Inc. (a)
|
3,504
|
792,885
|
||||||
|
Vertex, Inc. - Class A (a)
|
37,031
|
1,465,317
|
||||||
|
Weave Communications, Inc. (a)
|
61,835
|
596,708
|
||||||
|
32,113,916
|
||||||||
|
Telecommunications - 0.8%
|
||||||||
|
Applied Digital Corp. (a)
|
48,209
|
329,268
|
||||||
|
Aviat Networks, Inc. (a)
|
93,760
|
2,011,152
|
||||||
|
Calix, Inc. (a)
|
6,753
|
312,259
|
||||||
|
IDT Corp. - Class B
|
3,111
|
191,607
|
||||||
|
InterDigital, Inc.
|
869
|
188,799
|
||||||
|
Iridium Communications, Inc.
|
9,628
|
244,551
|
||||||
|
Lumen Technologies, Inc. (a)
|
44,152
|
173,076
|
||||||
|
NetGear, Inc. (a)
|
7,443
|
218,303
|
||||||
|
Powerfleet, Inc. NJ (a)
|
47,499
|
216,120
|
||||||
|
Telephone & Data Systems, Inc.
|
10,347
|
355,523
|
||||||
|
United States Cellular Corp. (a)
|
8,331
|
516,272
|
||||||
|
Viavi Solutions, Inc. (a)
|
23,640
|
215,360
|
||||||
|
4,972,290
|
||||||||
|
Textiles - 0.5%
|
||||||||
|
UniFirst Corp.
|
16,579
|
3,126,136
|
||||||
|
Toys/Games/Hobbies - 0.4%
|
||||||||
|
JAKKS Pacific, Inc.
|
132,780
|
2,672,861
|
||||||
|
Transportation - 0.7%
|
||||||||
|
ArcBest Corp.
|
7,779
|
487,666
|
||||||
|
Hub Group, Inc. - Class A
|
24,360
|
821,176
|
||||||
|
Ituran Location and Control Ltd.
|
20,252
|
771,297
|
||||||
|
Knight-Swift Transportation Holdings, Inc.
|
1,873
|
83,011
|
||||||
|
Marten Transport Ltd.
|
7,327
|
95,544
|
||||||
|
PAMT CORP (a)
|
61,736
|
775,404
|
||||||
|
Saia, Inc. (a)
|
4,008
|
1,059,755
|
||||||
|
Scorpio Tankers, Inc.
|
4,242
|
168,577
|
||||||
|
4,262,430
|
||||||||
|
Water - 0.0%(c)
|
||||||||
|
American States Water Co.
|
1,758
|
138,654
|
||||||
|
California Water Service Group
|
1,969
|
93,035
|
||||||
|
231,689
|
||||||||
|
TOTAL COMMON STOCKS (Cost $442,152,971)
|
587,875,848
|
|||||||
|
TOTAL INVESTMENTS - 94.7% (Cost $442,152,971)
|
587,875,848
|
|||||||
|
Liabilities in Excess of Other Assets - 5.3%
|
32,908,302
|
|||||||
|
TOTAL NET ASSETS - 100.0%
|
$
|
620,784,150
|
||||||
|
two
|
–
|
%
|
||||||
|
Percentages are stated as a percent of net assets.
|
–
|
%
|
||||||
|
ADR - American Depositary Receipt
|
|
LLC - Limited Liability Company
|
|
PLC - Public Limited Company
|
|
REIT - Real Estate Investment Trust
|
|
(a)
|
Non-income producing security.
|
|
(b)
|
Fair value determined using significant unobservable inputs in accordance with procedures established by and under the supervision of the Adviser, acting as Valuation Designee. These securities
represented $0 or 0.0% of net assets as of May 31, 2025.
|
|
(c)
|
Represents less than 0.05% of net assets.
|
|
Level 1
|
Level 2
|
Level 3
|
Total
|
|||||||||||||
|
Investments:
|
||||||||||||||||
|
Common Stocks
|
587,875,848
|
–
|
0
|
587,875,848
|
||||||||||||
|
Total Investments
|
587,875,848
|
–
|
0
|
587,875,848
|
||||||||||||
|
Refer to the Schedule of Investments for further disaggregation of investment categories.
|
||||||||||||||||
|
Changes in valuation techniques may result in transfers into or out of assigned levels within the fair value hierarchy. There were [confirm no] transfers into or out of Level 3 during the reporting period as compared to the security classifications from the prior year’s annual report.
|
||||||||||||||||
|
[Fund has Level 3 securities. Level 3 roll forward and unobservable inputs table is required if value is material to fund. If deemed immaterial and do not plan to show, delete this paragraph as a manual edit outside
of Unity. If deemed material and do plan to show, type 1 into UDF 'percent precision' to allow Level 3 roll forward table to show for the Fund. Both Level 3 Beginning Balance and Ending Balance should be accurate assuming no adviser overrides
(compared to AIS Topic 820) were made in current year or prior year to L2 to L3, or vice versa. Enter values for Purchases, Sales, URGL, RGL and URGL, or Transfers, and URGL still held, in the Other DR section of the GL In Unity. Then
regenerate workbook and refresh publication. Workbook (TBD) will ensure footing after data entry is completed.
|
||||||||||||||||
|
Allocation of Portfolio Holdings as of May 31, 2025
|
||||||||
|
(% of Net Assets)
|
||||||||
|
Common Stocks
|
$
|
587,875,848
|
94.7
|
%
|
||||
|
Money Market Deposit Account
|
34,405,594
|
5.5
|
||||||
|
Liabilities in Excess of Other Assets
|
(1,497,292
|
)
|
(0.2
|
)
|
||||
|
620,784,150
|
100.0
|
%
|
||||||