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      <regStreet1>3803 West Chester Pike</regStreet1>
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          <ticker value="SPG"/>
          <other otherDesc="SEDOL" value="2812452"/>
        </identifiers>
        <balance>27779</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5658860.09</valUSD>
        <pctVal>1.02</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>RE</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Nutrien Ltd</name>
        <lei>5493002QQ7GD21OWF963</lei>
        <title>Nutrien Ltd</title>
        <cusip>67077M108</cusip>
        <identifiers>
          <ticker value="NTR"/>
          <other otherDesc="SEDOL" value="BDH3SB9"/>
        </identifiers>
        <balance>41066</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3121016.00</valUSD>
        <pctVal>0.56</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AerCap Holdings NV</name>
        <lei>N/A</lei>
        <title>AerCap Holdings NV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="AER"/>
          <other otherDesc="SEDOL" value="B1HHKD3"/>
        </identifiers>
        <balance>142685</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>20291233.85</valUSD>
        <pctVal>3.67</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Canadian National Railway Co</name>
        <lei>N/A</lei>
        <title>Canadian National Railway Co</title>
        <cusip>136375102</cusip>
        <identifiers>
          <ticker value="CNI"/>
          <other otherDesc="SEDOL" value="2210959"/>
        </identifiers>
        <balance>23529</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2638306.77</valUSD>
        <pctVal>0.48</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Axis Capital Holdings Ltd</name>
        <lei>N/A</lei>
        <title>Axis Capital Holdings Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="AXS"/>
          <other otherDesc="SEDOL" value="2677606"/>
        </identifiers>
        <balance>24135</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2423395.35</valUSD>
        <pctVal>0.44</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Copa Holdings SA</name>
        <lei>529900BB9UQJV6QQHA59</lei>
        <title>Copa Holdings SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="CPA"/>
          <other otherDesc="SEDOL" value="B0TNJH9"/>
        </identifiers>
        <balance>41953</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4853123.04</valUSD>
        <pctVal>0.88</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Liquidia Corp</name>
        <lei>N/A</lei>
        <title>Liquidia Corp</title>
        <cusip>53635D202</cusip>
        <identifiers>
          <ticker value="LQDA"/>
          <other otherDesc="SEDOL" value="BYVJ8J8"/>
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        <balance>99152</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3887749.92</valUSD>
        <pctVal>0.70</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Carnival Corp</name>
        <lei>F1OF2ZSX47CR0BCWA982</lei>
        <title>Carnival Corp</title>
        <cusip>143658300</cusip>
        <identifiers>
          <ticker value="CCL"/>
          <other otherDesc="SEDOL" value="2523044"/>
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        <balance>590648</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>15658078.48</valUSD>
        <pctVal>2.83</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PA</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ADTRAN Holdings Inc</name>
        <lei>549300VV36J86CRRWF77</lei>
        <title>ADTRAN Holdings Inc</title>
        <cusip>00486H105</cusip>
        <identifiers>
          <ticker value="ADTN"/>
          <other otherDesc="SEDOL" value="BPLJ828"/>
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        <balance>187351</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3314239.19</valUSD>
        <pctVal>0.60</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MARVELL TECHNOLOGY INC</name>
        <lei>N/A</lei>
        <title>MARVELL TECHNOLOGY INC</title>
        <cusip>573874104</cusip>
        <identifiers>
          <ticker value="MRVL"/>
          <other otherDesc="SEDOL" value="BNKJSM5"/>
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        <balance>66532</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>10987759.80</valUSD>
        <pctVal>1.99</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Peabody Energy Corp</name>
        <lei>EJCO258LNNVSKAR2JX59</lei>
        <title>Peabody Energy Corp</title>
        <cusip>704551100</cusip>
        <identifiers>
          <ticker value="BTU"/>
          <other otherDesc="SEDOL" value="BDVPZV0"/>
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        <balance>101485</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2705590.10</valUSD>
        <pctVal>0.49</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Alphabet Inc</name>
        <lei>5493006MHB84DD0ZWV18</lei>
        <title>Alphabet Inc</title>
        <cusip>02079K305</cusip>
        <identifiers>
          <ticker value="GOOGL"/>
          <other otherDesc="SEDOL" value="BYVY8G0"/>
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        <balance>97863</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>37657682.40</valUSD>
        <pctVal>6.81</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Boot Barn Holdings Inc</name>
        <lei>529900QE1BFMYA3N4E71</lei>
        <title>Boot Barn Holdings Inc</title>
        <cusip>099406100</cusip>
        <identifiers>
          <ticker value="BOOT"/>
          <other otherDesc="SEDOL" value="BRS6600"/>
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        <balance>21950</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3763327.50</valUSD>
        <pctVal>0.68</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Synchrony Financial</name>
        <lei>549300RS7EWPM9MA6C78</lei>
        <title>Synchrony Financial</title>
        <cusip>87165B103</cusip>
        <identifiers>
          <ticker value="SYF"/>
          <other otherDesc="SEDOL" value="BP96PS6"/>
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        <balance>35204</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2682544.80</valUSD>
        <pctVal>0.49</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Virtu Financial Inc</name>
        <lei>5493001OPW2K42CH3884</lei>
        <title>Virtu Financial Inc</title>
        <cusip>928254101</cusip>
        <identifiers>
          <ticker value="VIRT"/>
          <other otherDesc="SEDOL" value="BWTVWD4"/>
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        <balance>63911</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3173820.26</valUSD>
        <pctVal>0.57</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Bank of New York Mellon Corp/The</name>
        <lei>WFLLPEPC7FZXENRZV188</lei>
        <title>Bank of New York Mellon Corp/The</title>
        <cusip>064058100</cusip>
        <identifiers>
          <ticker value="BK"/>
          <other otherDesc="SEDOL" value="B1Z77F6"/>
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        <balance>22465</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3018622.05</valUSD>
        <pctVal>0.55</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Autodesk Inc</name>
        <lei>FRKKVKAIQEF3FCSTPG55</lei>
        <title>Autodesk Inc</title>
        <cusip>052769106</cusip>
        <identifiers>
          <ticker value="ADSK"/>
          <other otherDesc="SEDOL" value="2065159"/>
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        <balance>11122</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2635914.00</valUSD>
        <pctVal>0.48</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>Morgan Stanley</title>
        <cusip>617446448</cusip>
        <identifiers>
          <ticker value="MS"/>
          <other otherDesc="SEDOL" value="2262314"/>
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        <balance>16944</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3229356.96</valUSD>
        <pctVal>0.58</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>HEICO Corp</name>
        <lei>529900O1DTDLCJ7L0I14</lei>
        <title>HEICO Corp</title>
        <cusip>422806109</cusip>
        <identifiers>
          <ticker value="HEI"/>
          <other otherDesc="SEDOL" value="2419217"/>
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        <balance>8697</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2347494.24</valUSD>
        <pctVal>0.42</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Deckers Outdoor Corp</name>
        <lei>5493008LG4W3I6K8J118</lei>
        <title>Deckers Outdoor Corp</title>
        <cusip>243537107</cusip>
        <identifiers>
          <ticker value="DECK"/>
          <other otherDesc="SEDOL" value="2267278"/>
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        <balance>22908</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2341197.60</valUSD>
        <pctVal>0.42</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>State Street Corp</name>
        <lei>549300ZFEEJ2IP5VME73</lei>
        <title>State Street Corp</title>
        <cusip>857477103</cusip>
        <identifiers>
          <ticker value="STT"/>
          <other otherDesc="SEDOL" value="2842040"/>
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        <balance>71270</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>10892906.80</valUSD>
        <pctVal>1.97</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>First Citizens BancShares Inc/NC</name>
        <lei>549300N3Z00ZHE2XC526</lei>
        <title>First Citizens BancShares Inc/NC</title>
        <cusip>31946M103</cusip>
        <identifiers>
          <ticker value="FCNCA"/>
          <other otherDesc="SEDOL" value="2355582"/>
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        <balance>1257</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2493661.74</valUSD>
        <pctVal>0.45</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>EQT Corp</name>
        <lei>4NT01YGM4X7ZX86ISY52</lei>
        <title>EQT Corp</title>
        <cusip>26884L109</cusip>
        <identifiers>
          <ticker value="EQT"/>
          <other otherDesc="SEDOL" value="2319414"/>
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        <balance>50501</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3034100.08</valUSD>
        <pctVal>0.55</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Mosaic Co/The</name>
        <lei>2YD5STGSJNMUB7H76907</lei>
        <title>Mosaic Co/The</title>
        <cusip>61945C103</cusip>
        <identifiers>
          <ticker value="MOS"/>
          <other otherDesc="SEDOL" value="B3NPHP6"/>
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        <balance>93790</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2182493.30</valUSD>
        <pctVal>0.39</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Goldman Sachs Group Inc/The</name>
        <lei>784F5XWPLTWKTBV3E584</lei>
        <title>Goldman Sachs Group Inc/The</title>
        <cusip>38141G104</cusip>
        <identifiers>
          <ticker value="GS"/>
          <other otherDesc="SEDOL" value="2407966"/>
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        <balance>24062</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>22227753.74</valUSD>
        <pctVal>4.02</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AMN Healthcare Services Inc</name>
        <lei>529900W3ARRTCNFH2I39</lei>
        <title>AMN Healthcare Services Inc</title>
        <cusip>001744101</cusip>
        <identifiers>
          <ticker value="AMN"/>
          <other otherDesc="SEDOL" value="2813552"/>
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        <balance>126294</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2585238.18</valUSD>
        <pctVal>0.47</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Sarepta Therapeutics Inc</name>
        <lei>549300IKDPIED8J8IG21</lei>
        <title>Sarepta Therapeutics Inc</title>
        <cusip>803607100</cusip>
        <identifiers>
          <ticker value="SRPT"/>
          <other otherDesc="SEDOL" value="B8DPDT7"/>
        </identifiers>
        <balance>189451</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3955736.88</valUSD>
        <pctVal>0.72</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Advanced Micro Devices Inc</name>
        <lei>R2I72C950HOYXII45366</lei>
        <title>Advanced Micro Devices Inc</title>
        <cusip>007903107</cusip>
        <identifiers>
          <ticker value="AMD"/>
          <other otherDesc="SEDOL" value="2007849"/>
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        <balance>23531</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8341504.19</valUSD>
        <pctVal>1.51</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NVIDIA Corp</name>
        <lei>549300S4KLFTLO7GSQ80</lei>
        <title>NVIDIA Corp</title>
        <cusip>67066G104</cusip>
        <identifiers>
          <ticker value="NVDA"/>
          <other otherDesc="SEDOL" value="2379504"/>
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        <balance>202344</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>40381792.08</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SLM Corp</name>
        <lei>N/A</lei>
        <title>SLM Corp</title>
        <cusip>78442P106</cusip>
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          <ticker value="SLM"/>
          <other otherDesc="SEDOL" value="2101967"/>
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        <balance>580399</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>13395608.92</valUSD>
        <pctVal>2.42</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>StoneX Group Inc</name>
        <lei>549300JUF07L8VF02M60</lei>
        <title>StoneX Group Inc</title>
        <cusip>861896108</cusip>
        <identifiers>
          <ticker value="SNEX"/>
          <other otherDesc="SEDOL" value="BMQ8XV3"/>
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        <balance>56321</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5971715.63</valUSD>
        <pctVal>1.08</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Apple Inc</name>
        <lei>HWUPKR0MPOU8FGXBT394</lei>
        <title>Apple Inc</title>
        <cusip>037833100</cusip>
        <identifiers>
          <ticker value="AAPL"/>
          <other otherDesc="SEDOL" value="2046251"/>
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        <balance>96142</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>26088131.70</valUSD>
        <pctVal>4.72</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>EZCORP Inc</name>
        <lei>5493003K6PG3ZQ7TUQ63</lei>
        <title>EZCORP Inc</title>
        <cusip>302301106</cusip>
        <identifiers>
          <ticker value="EZPW"/>
          <other otherDesc="SEDOL" value="2326287"/>
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        <balance>156721</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5137314.38</valUSD>
        <pctVal>0.93</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Rigel Pharmaceuticals Inc</name>
        <lei>529900KPTNUS5J8K9K66</lei>
        <title>Rigel Pharmaceuticals Inc</title>
        <cusip>766559702</cusip>
        <identifiers>
          <ticker value="RIGL"/>
          <other otherDesc="SEDOL" value="BQD3J33"/>
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        <balance>86788</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2508173.20</valUSD>
        <pctVal>0.45</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Micron Technology Inc</name>
        <lei>B3DXGBC8GAIYWI2Z0172</lei>
        <title>Micron Technology Inc</title>
        <cusip>595112103</cusip>
        <identifiers>
          <ticker value="MU"/>
          <other otherDesc="SEDOL" value="2588184"/>
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        <balance>11524</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5959751.84</valUSD>
        <pctVal>1.08</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Watts Water Technologies Inc</name>
        <lei>549300REJOO94ERQN318</lei>
        <title>Watts Water Technologies Inc</title>
        <cusip>942749102</cusip>
        <identifiers>
          <ticker value="WTS"/>
          <other otherDesc="SEDOL" value="2943620"/>
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        <balance>8899</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2671123.84</valUSD>
        <pctVal>0.48</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>AES Corp/The</name>
        <lei>2NUNNB7D43COUIRE5295</lei>
        <title>AES Corp/The</title>
        <cusip>00130H105</cusip>
        <identifiers>
          <ticker value="AES"/>
          <other otherDesc="SEDOL" value="2002479"/>
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        <balance>161155</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2328689.75</valUSD>
        <pctVal>0.42</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Cirrus Logic Inc</name>
        <lei>549300NKSJEM5ZZSSV18</lei>
        <title>Cirrus Logic Inc</title>
        <cusip>172755100</cusip>
        <identifiers>
          <ticker value="CRUS"/>
          <other otherDesc="SEDOL" value="2197308"/>
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        <balance>161710</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>26371666.80</valUSD>
        <pctVal>4.77</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Wells Fargo &amp; Co</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>Wells Fargo &amp; Co</title>
        <cusip>949746101</cusip>
        <identifiers>
          <ticker value="WFC"/>
          <other otherDesc="SEDOL" value="2649100"/>
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        <balance>54776</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4504230.48</valUSD>
        <pctVal>0.81</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CF Industries Holdings Inc</name>
        <lei>529900CG8YAQFZ2JMV97</lei>
        <title>CF Industries Holdings Inc</title>
        <cusip>125269100</cusip>
        <identifiers>
          <ticker value="CF"/>
          <other otherDesc="SEDOL" value="B0G4K50"/>
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        <balance>185568</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>23047545.60</valUSD>
        <pctVal>4.17</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>WEX Inc</name>
        <lei>T9M5IGROL1TL1G5OV478</lei>
        <title>WEX Inc</title>
        <cusip>96208T104</cusip>
        <identifiers>
          <ticker value="WEX"/>
          <other otherDesc="SEDOL" value="B8383P2"/>
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        <balance>15979</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2402123.07</valUSD>
        <pctVal>0.43</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>UGI Corp</name>
        <lei>DX6GCWD4Q1JO9CRE5I40</lei>
        <title>UGI Corp</title>
        <cusip>902681105</cusip>
        <identifiers>
          <ticker value="UGI"/>
          <other otherDesc="SEDOL" value="2910118"/>
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        <balance>409778</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>14788888.02</valUSD>
        <pctVal>2.67</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Omnicell Inc</name>
        <lei>5493008RH0GTKHHPZI77</lei>
        <title>Omnicell Inc</title>
        <cusip>68213N109</cusip>
        <identifiers>
          <ticker value="OMCL"/>
          <other otherDesc="SEDOL" value="2789523"/>
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        <balance>198876</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8237443.92</valUSD>
        <pctVal>1.49</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Ralph Lauren Corp</name>
        <lei>HO1QNWM0IXBZ0QSMMO20</lei>
        <title>Ralph Lauren Corp</title>
        <cusip>751212101</cusip>
        <identifiers>
          <ticker value="RL"/>
          <other otherDesc="SEDOL" value="B4V9661"/>
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        <balance>18747</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6723424.08</valUSD>
        <pctVal>1.22</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Edwards Lifesciences Corp</name>
        <lei>YA13X31F3V31L8TMPR58</lei>
        <title>Edwards Lifesciences Corp</title>
        <cusip>28176E108</cusip>
        <identifiers>
          <ticker value="EW"/>
          <other otherDesc="SEDOL" value="2567116"/>
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        <balance>35555</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2968842.50</valUSD>
        <pctVal>0.54</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Parker-Hannifin Corp</name>
        <lei>5493002CONDB4N2HKI23</lei>
        <title>Parker-Hannifin Corp</title>
        <cusip>701094104</cusip>
        <identifiers>
          <ticker value="PH"/>
          <other otherDesc="SEDOL" value="2671501"/>
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        <balance>8608</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7828287.36</valUSD>
        <pctVal>1.42</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PG&amp;E Corp</name>
        <lei>8YQ2GSDWYZXO2EDN3511</lei>
        <title>PG&amp;E Corp</title>
        <cusip>69331C108</cusip>
        <identifiers>
          <ticker value="PCG"/>
          <other otherDesc="SEDOL" value="2689560"/>
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        <balance>571084</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>9491416.08</valUSD>
        <pctVal>1.72</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Northern Trust Corp</name>
        <lei>549300GLF98S992BC502</lei>
        <title>Northern Trust Corp</title>
        <cusip>665859104</cusip>
        <identifiers>
          <ticker value="NTRS"/>
          <other otherDesc="SEDOL" value="2648668"/>
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        <balance>19242</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3200714.28</valUSD>
        <pctVal>0.58</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Incyte Corp</name>
        <lei>549300Z4WN6JVZ3T4680</lei>
        <title>Incyte Corp</title>
        <cusip>45337C102</cusip>
        <identifiers>
          <ticker value="INCY"/>
          <other otherDesc="SEDOL" value="2471950"/>
        </identifiers>
        <balance>211562</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>20155511.74</valUSD>
        <pctVal>3.64</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Allstate Corp/The</name>
        <lei>OBT0W1ED8G0NWVOLOJ77</lei>
        <title>Allstate Corp/The</title>
        <cusip>020002101</cusip>
        <identifiers>
          <ticker value="ALL"/>
          <other otherDesc="SEDOL" value="2019952"/>
        </identifiers>
        <balance>16164</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3511790.64</valUSD>
        <pctVal>0.64</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <dateSigned xmlns="http://www.sec.gov/edgar/nportcommon">2026-04-30</dateSigned>
      <nameOfApplicant xmlns="http://www.sec.gov/edgar/nportcommon">EA Series Trust</nameOfApplicant>
      <signature xmlns="http://www.sec.gov/edgar/nportcommon">/s/ Sean Hegarty</signature>
      <signerName xmlns="http://www.sec.gov/edgar/nportcommon">Sean Hegarty</signerName>
      <title xmlns="http://www.sec.gov/edgar/nportcommon">Treasurer</title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
