American Century Investments®
Quarterly Portfolio Holdings
Avantis® U.S. Small Cap Equity ETF (AVSC)
May 31, 2026


Avantis U.S. Small Cap Equity ETF - Schedule of Investments
MAY 31, 2026 (UNAUDITED) 
Shares
Value ($)
COMMON STOCKS — 99.9%
Aerospace and Defense — 1.2%
AAR Corp.(1)
71,002 7,996,245 
AerSale Corp.(1)
58,103 382,899 
AIRO Group Holdings, Inc.(1)
2,425 21,776 
Archer Aviation, Inc., Class A(1)(2)
100,367 683,499 
Astronics Corp.(1)
77,704 6,760,248 
Beta Technologies, Inc., Class A(1)(2)
6,595 120,952 
Cadre Holdings, Inc.
26,475 824,431 
Ducommun, Inc.(1)
34,624 5,270,465 
Innovative Solutions & Support, Inc.(1)
29,473 508,115 
National Presto Industries, Inc.
12,705 1,608,072 
Park Aerospace Corp.
41,174 1,312,215 
Sidus Space, Inc., Class A(1)(2)
9,570 46,989 
SIFCO Industries, Inc.(1)
5,751 116,573 
V2X, Inc.(1)
45,204 3,757,809 
Virgin Galactic Holdings, Inc.(1)(2)
75,965 469,464 
VSE Corp.
24,181 4,477,112 
York Space Systems, Inc.(1)
803 26,210 
 
 
34,383,074 
Air Freight and Logistics — 0.2%
 
 
Forward Air Corp.(1)
35,079 371,136 
Hub Group, Inc., Class A
104,472 4,339,767 
Radiant Logistics, Inc.(1)
69,485 589,927 
 
 
5,300,830 
Automobile Components — 2.1%
 
 
Adient PLC(1)
141,971 3,245,457 
Dana, Inc.
360,194 12,754,469 
Dorman Products, Inc.(1)
18,380 2,277,650 
Fox Factory Holding Corp.(1)
59,715 1,077,259 
Gentex Corp.
147,492 3,563,407 
Gentherm, Inc.(1)
53,751 1,864,622 
Goodyear Tire & Rubber Co.(1)
475,963 2,903,374 
Holley, Inc.(1)
114,989 313,920 
LCI Industries
51,890 5,657,048 
Motorcar Parts of America, Inc.(1)
34,386 380,309 
Patrick Industries, Inc.
48,395 4,380,715 
Phinia, Inc.
85,162 6,579,616 
Solid Power, Inc.(1)(2)
287,095 950,284 
Standard Motor Products, Inc.
46,741 1,831,780 
Stoneridge, Inc.(1)
43,097 321,935 
Strattec Security Corp.(1)
8,260 660,470 
Visteon Corp.
57,551 6,807,708 
XPEL, Inc.(1)
49,041 2,242,154 
 
 
57,812,177 
Automobiles — 0.3%
 
 
Harley-Davidson, Inc.
135,636 3,279,678 
Lucid Group, Inc.(1)(2)
1,459 9,556 
Thor Industries, Inc.
43,896 3,471,296 
Winnebago Industries, Inc.
39,907 1,184,839 
 
 
7,945,369 


Banks — 15.8%
 
 
1st Source Corp.
34,946 2,579,714 
ACNB Corp.
20,172 1,095,138 
Amalgamated Financial Corp.
40,488 1,679,442 
Amerant Bancorp, Inc.
79,742 1,811,738 
Ameris Bancorp
253 21,330 
Ames National Corp.
8,101 232,823 
Arrow Financial Corp.
32,438 1,190,475 
Associated Banc-Corp.
214,341 5,960,823 
Avidbank Holdings, Inc.(1)
6,774 208,504 
Axos Financial, Inc.(1)
23,975 2,083,667 
Banc of California, Inc.
320,880 6,167,314 
BancFirst Corp.
19,510 2,151,758 
Bancorp, Inc.(1)
59,124 3,261,280 
Bank First Corp.
23,269 3,234,856 
Bank of Hawaii Corp.
89,458 6,852,483 
Bank of Marin Bancorp
31,735 820,032 
Bank of NT Butterfield & Son Ltd.
102,305 5,776,140 
Bank7 Corp.
7,702 340,891 
BankUnited, Inc.
163,215 7,571,544 
Bankwell Financial Group, Inc.
11,052 578,241 
Banner Corp.
69,565 4,521,725 
Bar Harbor Bankshares
33,321 1,164,236 
BayCom Corp.
15,495 477,246 
BCB Bancorp, Inc.
18,414 192,242 
Beacon Financial Corp.
157,484 4,581,210 
Blue Ridge Bankshares, Inc.
107,336 354,209 
Bridgewater Bancshares, Inc.(1)
45,818 864,127 
Burke & Herbert Financial Services Corp.
28,170 1,791,612 
Business First Bancshares, Inc.
61,407 1,748,871 
BV Financial, Inc.(1)
6,024 118,251 
Byline Bancorp, Inc.
59,972 1,984,473 
C&F Financial Corp.
4,928 363,440 
California BanCorp
54,238 1,029,437 
Camden National Corp.
37,670 1,884,630 
Capital Bancorp, Inc.
21,818 696,431 
Capital City Bank Group, Inc.
31,260 1,426,706 
Capitol Federal Financial, Inc.
163,547 1,270,760 
Carter Bankshares, Inc.
54,291 1,482,144 
Cathay General Bancorp
91,816 5,294,111 
Central Pacific Financial Corp.
61,013 2,096,407 
CF Bankshares, Inc.
5,926 169,010 
Chemung Financial Corp.
4,718 324,032 
ChoiceOne Financial Services, Inc.
23,498 737,837 
Citizens & Northern Corp.
21,701 457,023 
Citizens Community Bancorp, Inc.
3,930 80,172 
Citizens Financial Services, Inc.
6,811 442,919 
City Holding Co.
30,298 3,766,344 
Civista Bancshares, Inc.
42,585 1,102,952 
CNB Financial Corp.
58,754 1,801,985 
Coastal Financial Corp.(1)
25,979 1,849,185 
Colony Bankcorp, Inc.
36,025 713,295 
Columbia Financial, Inc.(1)
55,974 1,126,757 
Commercial Bancgroup, Inc.
6,974 201,479 
Community Financial System, Inc.
66,714 4,245,679 


Community Trust Bancorp, Inc.
35,668 2,384,762 
Community West Bancshares
41,418 994,446 
ConnectOne Bancorp, Inc.
107,280 3,225,910 
Customers Bancorp, Inc.(1)
71,310 5,358,233 
CVB Financial Corp.
391,397 7,968,843 
Dime Community Bancshares, Inc.
95,251 3,564,292 
Eagle Bancorp Montana, Inc.
10,978 243,602 
Eagle Bancorp, Inc.
55,456 1,513,394 
Eastern Bankshares, Inc.
289,624 5,714,282 
Enterprise Financial Services Corp.
76,021 4,607,633 
Equity Bancshares, Inc., Class A
36,941 1,702,980 
Esquire Financial Holdings, Inc.
17,650 1,939,558 
Farmers & Merchants Bancorp, Inc.
17,881 499,416 
Farmers National Banc Corp.
96,626 1,370,157 
FB Bancorp, Inc.(1)
19,059 265,682 
FB Financial Corp.
94,984 5,004,707 
Fidelity D&D Bancorp, Inc.
374 17,470 
Financial Institutions, Inc.
44,718 1,620,133 
Finward Bancorp
1,974 65,103 
First BanCorp
176,817 4,240,072 
First Bancorp, Inc.
3,204 93,268 
First Bancorp/Southern Pines NC
94,716 5,572,142 
First Bank
43,973 687,738 
First Busey Corp.
182,928 5,006,739 
First Business Financial Services, Inc.
16,429 944,996 
First Commonwealth Financial Corp.
218,822 4,144,489 
First Community Bankshares, Inc.
37,004 1,595,242 
First Community Corp.
14,632 439,838 
First Financial Bancorp
215,929 6,641,976 
First Financial Bankshares, Inc.
117,199 3,830,063 
First Financial Corp.
26,554 1,837,006 
First Hawaiian, Inc.
167,037 4,506,658 
First Internet Bancorp
14,207 343,241 
First Interstate BancSystem, Inc., Class A
102,864 3,661,958 
First Merchants Corp.
133,844 5,393,913 
First Mid Bancshares, Inc.
49,057 2,160,961 
First National Corp.
6,335 176,081 
First United Corp.
9,272 366,615 
First Western Financial, Inc.(1)
12,038 351,148 
Firstsun Capital Bancorp(1)
44,013 1,560,261 
Five Star Bancorp
33,466 1,413,269 
Flushing Financial Corp.
65,634 1,048,175 
Franklin Financial Services Corp.
7,368 428,302 
FS Bancorp, Inc.
5,085 207,010 
Fulton Financial Corp.
240,505 5,216,553 
FVCBankcorp, Inc.
11,025 173,975 
GBank Financial Holdings, Inc.(1)(2)
11,270 335,733 
German American Bancorp, Inc.
75,161 3,286,039 
Great Southern Bancorp, Inc.
21,846 1,567,450 
Greene County Bancorp, Inc.
6,323 165,916 
Hanmi Financial Corp.
70,865 2,134,454 
Hanover Bancorp, Inc.
1,034 24,051 
HBT Financial, Inc.
27,004 773,125 
Heritage Financial Corp.
79,635 2,170,054 
Hilltop Holdings, Inc.
100,496 3,790,709 


Hingham Institution For Savings
3,379 977,849 
Home Bancorp, Inc.
14,943 962,030 
HomeTrust Bancshares, Inc.
35,404 1,645,224 
Hope Bancorp, Inc.
244,438 3,065,253 
Horizon Bancorp, Inc.
108,244 2,007,926 
Independent Bank Corp.
64,667 5,113,866 
Independent Bank Corp. (Michigan)
45,420 1,558,814 
International Bancshares Corp.
61,245 4,419,439 
Investar Holding Corp.
19,743 557,937 
Isabella Bank Corp.(2)
7,160 291,985 
Kearny Financial Corp.
118,062 972,831 
Lakeland Financial Corp.
48,336 2,930,612 
LCNB Corp.
59 1,005 
Live Oak Bancshares, Inc.
67,091 2,551,471 
MainStreet Bancshares, Inc.
8,445 193,306 
Mechanics Bancorp
1,163 17,119 
Mercantile Bank Corp.
37,812 2,003,658 
Meridian Corp.
18,863 339,157 
Metrocity Bankshares, Inc.
40,946 1,337,296 
Metropolitan Bank Holding Corp.
25,051 2,242,566 
Mid Penn Bancorp, Inc.
47,074 1,536,966 
Midland States Bancorp, Inc.
47,152 1,310,826 
MVB Financial Corp.
20,318 543,507 
National Bank Holdings Corp., Class A
73,276 3,065,135 
National Bankshares, Inc.
3,326 117,042 
NB Bancorp, Inc.
68,136 1,364,764 
NBT Bancorp, Inc.
103,001 4,762,766 
Nicolet Bankshares, Inc.
40,489 5,679,392 
Northeast Bank
16,624 2,090,302 
Northfield Bancorp, Inc.
90,282 1,280,199 
Northpointe Bancshares, Inc.
35,287 602,702 
Northrim BanCorp, Inc.
51,584 1,274,641 
Northwest Bancshares, Inc.
291,337 4,122,419 
Norwood Financial Corp.
4,342 131,259 
Oak Valley Bancorp
4,006 131,837 
OceanFirst Financial Corp.
118,165 2,220,320 
OFG Bancorp
96,131 4,379,728 
Old Second Bancorp, Inc.
111,912 2,385,964 
OP Bancorp
9,633 135,440 
Orange County Bancorp, Inc.
23,326 795,883 
Origin Bancorp, Inc.
68,243 3,252,461 
Orrstown Financial Services, Inc.
41,479 1,540,115 
Park National Corp.
35,186 6,036,510 
Parke Bancorp, Inc.
12,394 380,868 
Pathward Financial, Inc.
47,819 3,932,635 
PCB Bancorp
8,830 216,953 
Peapack-Gladstone Financial Corp.
37,319 1,614,047 
Peoples Bancorp of North Carolina, Inc.
7,311 307,793 
Peoples Bancorp, Inc.
78,275 2,722,404 
Peoples Financial Services Corp.
20,068 1,192,240 
Plumas Bancorp
5,825 306,570 
Ponce Financial Group, Inc.(1)
29,022 547,935 
Preferred Bank
27,178 2,604,196 
Primis Financial Corp.
52,527 757,965 
Provident Financial Services, Inc.
307,355 6,820,207 


QCR Holdings, Inc.
37,070 3,416,000 
RBB Bancorp
31,472 752,810 
Red River Bancshares, Inc.
8,122 738,452 
Renasant Corp.
103,563 4,217,085 
Republic Bancorp, Inc., Class A
22,521 1,823,075 
Riverview Bancorp, Inc.
12,947 72,633 
S&T Bancorp, Inc.
83,123 3,748,016 
Seacoast Banking Corp. of Florida
207,170 6,279,323 
ServisFirst Bancshares, Inc.
58,331 4,549,235 
Shore Bancshares, Inc.
70,442 1,455,332 
Sierra Bancorp
27,894 1,059,414 
Simmons First National Corp., Class A
309,336 6,635,257 
SmartFinancial, Inc.
33,694 1,405,040 
South Plains Financial, Inc.
30,612 1,242,541 
Southern First Bancshares, Inc.(1)
14,745 851,819 
Southern Missouri Bancorp, Inc.
21,997 1,519,113 
Southside Bancshares, Inc.
62,084 2,033,872 
SR Bancorp, Inc.
5,445 102,312 
Stellar Bancorp, Inc.
98,645 3,683,404 
Stock Yards Bancorp, Inc.
57,093 4,095,852 
Texas Capital Bancshares, Inc.(1)
52,495 5,222,728 
TFS Financial Corp.
55,722 886,537 
Third Coast Bancshares, Inc.(1)
27,083 1,036,196 
Timberland Bancorp, Inc.
7,821 317,376 
Tompkins Financial Corp.
29,621 2,551,849 
Towne Bank
178,582 6,084,289 
TriCo Bancshares
62,650 3,182,620 
Triumph Financial, Inc.(1)
45,518 3,243,157 
TrustCo Bank Corp.
41,436 2,146,799 
Trustmark Corp.
132,453 5,849,124 
United Community Banks, Inc.
139,115 4,583,839 
Unity Bancorp, Inc.
15,392 859,797 
Univest Financial Corp.
64,086 2,527,552 
USCB Financial Holdings, Inc.
7,833 145,224 
Virginia National Bankshares Corp.
2,040 88,516 
WaFd, Inc.
171,354 6,093,348 
Washington Trust Bancorp, Inc.
36,050 1,174,149 
WesBanco, Inc.
140,969 4,884,576 
West BanCorp, Inc.
18,574 444,662 
Westamerica Bancorporation
53,846 2,987,915 
Western New England Bancorp, Inc.
24,797 329,056 
WSFS Financial Corp.
71,227 5,089,169 
 
441,091,351 
Beverages — 0.2%
 
 
Boston Beer Co., Inc., Class A(1)
12,374 2,193,663 
MGP Ingredients, Inc.
23,136 408,350 
National Beverage Corp.(1)
17,886 661,603 
Vita Coco Co., Inc.(1)
42,755 3,212,183 
 
6,475,799 
Biotechnology — 3.9%
 
 
4D Molecular Therapeutics, Inc.(1)
99,652 987,551 
Abeona Therapeutics, Inc.(1)(2)
33,762 195,144 
Absci Corp.(1)(2)
217,086 1,465,331 
ACADIA Pharmaceuticals, Inc.(1)
115,864 2,509,614 


Acumen Pharmaceuticals, Inc.(1)(2)
24,136 62,754 
ADMA Biologics, Inc.(1)
150,636 1,202,075 
Agios Pharmaceuticals, Inc.(1)
109,859 3,229,855 
Aligos Therapeutics, Inc.(1)(2)
1,427 8,134 
Allogene Therapeutics, Inc.(1)
204,346 443,431 
Altimmune, Inc.(1)
353 1,077 
ALX Oncology Holdings, Inc.(1)
8,931 16,969 
Anika Therapeutics, Inc.(1)
24,030 349,156 
Annexon, Inc.(1)
9,567 51,853 
Arbutus Biopharma Corp.(1)
4,760 21,706 
Arcturus Therapeutics Holdings, Inc.(1)(2)
56,780 449,698 
ArriVent Biopharma, Inc.(1)
16,098 487,286 
Assembly Biosciences, Inc.(1)(2)
9,650 266,919 
Aura Biosciences, Inc.(1)
37,282 278,497 
Aurinia Pharmaceuticals, Inc.(1)
241,157 3,696,937 
Beam Therapeutics, Inc.(1)
167,184 5,505,369 
Benitec Biopharma, Inc.(1)
243 2,809 
Bicara Therapeutics, Inc.(1)
53,854 1,171,325 
Black Diamond Therapeutics, Inc.(1)
73,654 163,512 
C4 Therapeutics, Inc.(1)
115,737 505,771 
Cabaletta Bio, Inc.(1)(2)
17,404 65,787 
Candel Therapeutics, Inc.(1)
1,593 13,222 
Cardiff Oncology, Inc.(1)(2)
542 1,030 
CareDx, Inc.(1)
92,389 2,108,317 
Caribou Biosciences, Inc.(1)(2)
134,327 317,012 
Catalyst Pharmaceuticals, Inc.(1)
244,559 7,637,578 
Celldex Therapeutics, Inc.(1)
500 15,715 
Century Therapeutics, Inc.(1)(2)
126,617 310,212 
CervoMed, Inc.(1)
3,281 10,204 
Climb Bio, Inc.(1)
30,894 338,598 
Coherus Oncology, Inc.(1)(2)
14,072 22,374 
Corbus Pharmaceuticals Holdings, Inc.(1)
22,053 174,439 
Crescent Biopharma, Inc.(1)
15,816 326,600 
CRISPR Therapeutics AG(1)(2)
104,016 5,843,619 
Cue Biopharma, Inc.(1)
300 6,570 
Cullinan Therapeutics, Inc.(1)
133,270 2,190,959 
Denali Therapeutics, Inc.(1)
207,132 4,358,057 
Design Therapeutics, Inc.(1)
71,224 746,428 
Dianthus Therapeutics, Inc.(1)
76,938 7,156,003 
Dyne Therapeutics, Inc.(1)
11,272 217,888 
Editas Medicine, Inc.(1)
34,128 118,083 
Eledon Pharmaceuticals, Inc.(1)(2)
39,630 150,990 
Emergent BioSolutions, Inc.(1)
98,804 901,092 
Entrada Therapeutics, Inc.(1)
69,412 490,743 
Equillium, Inc.(1)
10,623 30,807 
Erasca, Inc.(1)
43,576 559,516 
Fate Therapeutics, Inc.(1)
41,543 117,982 
Forte Biosciences, Inc.(1)(2)
1,062 20,252 
GRAIL, Inc.(1)
67,627 4,847,503 
Gyre Therapeutics, Inc.(1)(2)
1,907 11,270 
Ideaya Biosciences, Inc.(1)
184,912 5,449,357 
Immix Biopharma, Inc.(1)(2)
8,692 78,228 
Immuneering Corp., Class A(1)(2)
52,296 301,748 
Immunic, Inc.(1)
153 2,289 


Immunome, Inc.(1)
7,094 154,862 
Inhibikase Therapeutics, Inc.(1)(2)
47,634 83,360 
Instil Bio, Inc.(1)(2)
7,492 60,460 
Intellia Therapeutics, Inc.(1)
201,195 2,830,814 
Iovance Biotherapeutics, Inc.(1)(2)
455,732 1,868,501 
Jade Biosciences, Inc.(1)
53,433 1,124,230 
Janux Therapeutics, Inc.(1)
28,160 410,854 
Keros Therapeutics, Inc.(1)
27,974 314,708 
Kiniksa Pharmaceuticals International PLC(1)
41,001 1,983,628 
Korro Bio, Inc.(1)
4,796 64,314 
Kura Oncology, Inc.(1)
861 8,782 
Kyverna Therapeutics, Inc.(1)(2)
65,620 559,082 
Larimar Therapeutics, Inc.(1)
24,913 86,697 
Lexeo Therapeutics, Inc.(1)
18,677 96,000 
Lyell Immunopharma, Inc.(1)
23,101 400,340 
MacroGenics, Inc.(1)(2)
54,571 227,015 
MapLight Therapeutics, Inc.(1)
4,507 132,100 
MiMedx Group, Inc.(1)
184,034 677,245 
Mineralys Therapeutics, Inc.(1)
466 14,679 
Monopar Therapeutics, Inc.(1)(2)
1,318 85,723 
Monte Rosa Therapeutics, Inc.(1)
85,469 1,684,594 
Myriad Genetics, Inc.(1)
68,802 273,144 
Neurogene, Inc.(1)
20,497 580,885 
Nkarta, Inc.(1)
90,267 293,368 
Nurix Therapeutics, Inc.(1)
14,076 249,990 
OnKure Therapeutics, Inc., Class A(1)(2)
9,299 39,056 
Organogenesis Holdings, Inc.(1)(2)
147,708 379,610 
ORIC Pharmaceuticals, Inc.(1)
146,225 1,235,601 
Oruka Therapeutics, Inc.(1)
81,774 4,786,232 
Ovid therapeutics, Inc.(1)
101,399 276,819 
Palisade Bio, Inc.(1)(2)
81,622 173,039 
PepGen, Inc.(1)(2)
42,601 63,902 
Perspective Therapeutics, Inc.(1)(2)
88,763 349,726 
Precision BioSciences, Inc.(1)
10,883 75,855 
Prelude Therapeutics, Inc.(1)(2)
13,637 53,457 
Protara Therapeutics, Inc.(1)
92,162 428,553 
Prothena Corp. PLC(1)
82,624 841,112 
Puma Biotechnology, Inc.(1)
95,559 685,158 
Q32 Bio, Inc.(1)
542 5,989 
Rallybio Corp.(1)
105 1,518 
Recursion Pharmaceuticals, Inc., Class A(1)(2)
357,466 1,283,303 
Relay Therapeutics, Inc.(1)
389,066 5,466,377 
Replimune Group, Inc.(1)
1,581 13,739 
Rigel Pharmaceuticals, Inc.(1)
20,970 639,375 
Rocket Pharmaceuticals, Inc.(1)
90,905 279,078 
SAB Biotherapeutics, Inc.(1)
68,174 245,426 
Sagimet Biosciences, Inc., Class A(1)
73,083 532,775 
Sarepta Therapeutics, Inc.(1)
97,398 1,740,502 
Savara, Inc.(1)
1,747 9,084 
Sera Prognostics, Inc., Class A(1)(2)
5,403 11,670 
Seres Therapeutics, Inc.(1)
5,277 38,628 
Shattuck Labs, Inc.(1)
48,485 288,486 
Solid Biosciences, Inc.(1)
18,153 133,243 
Spero Therapeutics, Inc.(1)
24,252 68,633 


Tectonic Therapeutic, Inc.(1)(2)
16,776 522,824 
Tonix Pharmaceuticals Holding Corp.(1)(2)
12,850 158,441 
uniQure NV(1)
52 1,484 
Upstream Bio, Inc.(1)
62,879 525,668 
Vanda Pharmaceuticals, Inc.(1)
135,610 874,685 
Vir Biotechnology, Inc.(1)
283,817 2,707,614 
Voyager Therapeutics, Inc.(1)
120,757 467,330 
Whitehawk Therapeutics, Inc.(1)
21,269 100,390 
X4 Pharmaceuticals, Inc.(1)
47,485 204,660 
XBiotech, Inc.(1)(2)
13,228 32,012 
Xencor, Inc.(1)
157,222 1,867,797 
XOMA Royalty Corp.(1)
1,408 58,728 
Zentalis Pharmaceuticals, Inc.(1)
78,744 314,976 
Zura Bio Ltd.(1)
25,846 111,138 
 
 
110,372,313 
Broadline Retail — 0.4%
 
 
1stdibs.com, Inc.(1)
45,732 206,709 
Contextlogic Holdings, Inc.(1)(2)
48,414 434,758 
Kohl's Corp.
165,257 2,373,090 
Macy's, Inc.
184,114 4,006,320 
Ollie's Bargain Outlet Holdings, Inc.(1)
33,581 2,741,217 
Savers Value Village, Inc.(1)
63,486 568,200 
 
 
10,330,294 
Building Products — 1.2%
 
 
Apogee Enterprises, Inc.
39,784 1,528,104 
AZZ, Inc.
34,574 4,685,123 
Fortune Brands Innovations, Inc.
143,225 5,577,182 
Gibraltar Industries, Inc.(1)
43,157 1,668,018 
Griffon Corp.
50,887 4,477,038 
Hayward Holdings, Inc.(1)
245,076 3,458,022 
Insteel Industries, Inc.
38,833 1,067,519 
Janus International Group, Inc.(1)
187,017 998,671 
Masterbrand, Inc.(1)
358,820 3,114,562 
Quanex Building Products Corp.
110,705 2,060,220 
Tecnoglass, Inc.
17,837 768,596 
Trex Co., Inc.(1)
57,341 2,373,918 
UFP Industries, Inc.
18,871 1,528,551 
 
 
33,305,524 
Capital Markets — 1.6%
 
 
Acadian Asset Management, Inc.
57,354 4,147,268 
Artisan Partners Asset Management, Inc., Class A
73,149 2,738,698 
BGC Group, Inc., Class A
214,445 2,240,950 
Bullish(1)
3,415 119,218 
Cohen & Steers, Inc.
26,031 1,816,964 
DigitalBridge Group, Inc.
294,101 4,599,740 
Donnelley Financial Solutions, Inc.(1)
11,881 471,557 
Federated Hermes, Inc.
97,363 5,458,170 
GCM Grosvenor, Inc., Class A
35,970 382,361 
Hamilton Lane, Inc., Class A
7,116 620,017 
Lazard, Inc.
80,148 3,793,405 
MarketAxess Holdings, Inc.
10,115 1,315,355 
Moelis & Co., Class A
77,939 5,244,515 
Open Lending Corp.(1)
29,719 67,759 
Oppenheimer Holdings, Inc., Class A
24,571 2,252,423 


Siebert Financial Corp.(1)
1,398 2,600 
Silvercrest Asset Management Group, Inc., Class A
5,996 67,935 
Victory Capital Holdings, Inc., Class A
43,576 3,684,351 
Virtus Investment Partners, Inc.
8,732 1,248,938 
Webull Corp.(1)
18,229 116,666 
WisdomTree, Inc.(2)
280,791 5,349,068 
 
 
45,737,958 
Chemicals — 3.0%
 
 
AdvanSix, Inc.
45,733 1,026,249 
Alto Ingredients, Inc.(1)
86,862 473,398 
American Vanguard Corp.(1)
43,329 111,789 
Arq, Inc.(1)
46,459 128,227 
Ascent Industries Co.(1)
9,096 123,251 
Ashland, Inc.
78,405 4,539,649 
ASP Isotopes, Inc.(1)
1,140 8,869 
Aspen Aerogels, Inc.(1)
79,943 511,635 
Avient Corp.
120,066 4,252,738 
Cabot Corp.
56,438 4,938,889 
Chemours Co.
308,776 6,842,476 
Core Molding Technologies, Inc.(1)
14,560 344,926 
Ecovyst, Inc.(1)
263,741 3,478,744 
Flotek Industries, Inc.(1)(2)
35,840 715,008 
FMC Corp.
51,706 706,304 
Hawkins, Inc.
40,896 6,329,474 
HB Fuller Co.
83,895 5,375,992 
Huntsman Corp.
261,153 4,008,699 
Ingevity Corp.(1)
80,765 5,477,482 
Innospec, Inc.
43,274 3,589,146 
Intrepid Potash, Inc.(1)
27,786 1,085,599 
Koppers Holdings, Inc.
37,761 1,540,649 
Kronos Worldwide, Inc.
36,823 264,757 
LSB Industries, Inc.(1)
133,157 1,669,789 
Mativ Holdings, Inc.
103,581 919,799 
Minerals Technologies, Inc.
60,896 4,690,210 
Northern Technologies International Corp.
6,234 49,872 
Olin Corp.
249,598 6,457,100 
Orion SA
96,186 734,861 
Quaker Chemical Corp.
24,519 3,519,212 
Rayonier Advanced Materials, Inc.(1)
149,246 1,365,601 
Sensient Technologies Corp.
34,460 3,923,271 
Stepan Co.
43,398 2,293,584 
Tronox Holdings PLC, Class A
245,856 1,954,555 
Valhi, Inc.
1,690 24,319 
 
 
83,476,123 
Commercial Services and Supplies — 1.7%
 
 
ABM Industries, Inc.
59,745 2,333,640 
ACCO Brands Corp.
143,028 566,391 
ACV Auctions, Inc., Class A(1)
342 2,247 
Brady Corp., Class A
48,306 4,158,180 
BrightView Holdings, Inc.(1)
119,698 1,479,467 
Brink's Co.
40,217 4,183,372 
Casella Waste Systems, Inc., Class A(1)
2,786 228,926 
Civeo Corp.(1)(2)
25,524 871,645 
Deluxe Corp.
105,247 2,556,450 


Ennis, Inc.
56,865 1,163,458 
Enviri Corp.(1)
152,953 3,173,775 
Healthcare Services Group, Inc.(1)
186,045 3,832,527 
HNI Corp.
126,116 3,933,558 
Interface, Inc.
127,777 3,782,199 
Liquidity Services, Inc.(1)
49,606 1,796,233 
Millerknoll, Inc.
97,513 1,577,760 
OPENLANE, Inc.(1)
237,387 9,044,445 
Perma-Fix Environmental Services, Inc.(1)(2)
8,748 85,905 
Quad/Graphics, Inc.
54,287 404,438 
Team, Inc.(1)
591 9,237 
UniFirst Corp.
12,671 3,363,137 
Vestis Corp.(1)
503 6,499 
Virco Mfg. Corp.
27,384 165,126 
 
 
48,718,615 
Communications Equipment — 1.0%
 
 
ADTRAN Holdings, Inc.(1)
177,973 2,945,453 
Aviat Networks, Inc.(1)
20,246 359,771 
BK Technologies Corp.(1)
7,199 594,277 
Calix, Inc.(1)
2,929 116,428 
Clearfield, Inc.(1)
22,139 1,045,404 
Digi International, Inc.(1)
79,133 5,286,084 
Extreme Networks, Inc.(1)
134,527 3,566,311 
Harmonic, Inc.(1)
191,490 2,893,414 
KVH Industries, Inc.(1)
14,913 138,393 
Lantronix, Inc.(1)
63,870 482,219 
NETGEAR, Inc.(1)
56,161 1,459,624 
NetScout Systems, Inc.(1)
141,917 5,906,586 
Nokia OYJ, ADR
34,460 511,386 
Ribbon Communications, Inc.(1)
200,293 616,902 
Vistance Networks, Inc.(1)
76,127 950,065 
 
 
26,872,317 
Construction and Engineering — 1.7%
 
 
Ameresco, Inc., Class A(1)
47,295 1,701,674 
Bowman Consulting Group Ltd.(1)
550 17,341 
Centuri Holdings, Inc.(1)
147,890 4,546,138 
Concrete Pumping Holdings, Inc.(1)
22,805 178,335 
Everus Construction Group, Inc.(1)
48,596 7,229,627 
Granite Construction, Inc.
2,571 351,816 
Limbach Holdings, Inc.(1)
19,582 1,516,626 
Matrix Service Co.(1)
54,605 716,964 
MYR Group, Inc.(1)
34,266 15,935,746 
NWPX Infrastructure, Inc.(1)
25,226 2,975,659 
Orion Group Holdings, Inc.(1)
87,909 1,209,628 
Terrestrial Energy, Inc.(1)
597 5,451 
Tutor Perini Corp.
102,246 7,309,566 
WillScot Holdings Corp.
152,579 3,925,858 
 
 
47,620,429 
Construction Materials — 0.2%
 
 
Knife River Corp.(1)
59,013 4,633,111 
Titan America SA(1)
297 4,832 
U.S. Lime & Minerals, Inc.
11,362 1,295,154 
 
 
5,933,097 
Consumer Finance — 1.5%
 
 
Atlanticus Holdings Corp.(1)
11,403 983,167 


Bread Financial Holdings, Inc.
100,565 8,957,325 
Consumer Portfolio Services, Inc.(1)
2,295 22,629 
Credit Acceptance Corp.(1)(2)
352 201,921 
Dave, Inc.(1)
9,467 2,674,996 
Encore Capital Group, Inc.(1)
49,166 3,929,838 
Enova International, Inc.(1)
26,342 4,254,496 
EZCORP, Inc., Class A(1)
133,381 4,166,822 
Green Dot Corp., Class A(1)
108,313 1,393,988 
Jefferson Capital, Inc.
22,465 381,680 
LendingClub Corp.(1)
242,330 4,325,591 
LendingTree, Inc.(1)
7,903 301,895 
Medallion Financial Corp.
20,020 194,795 
Navient Corp.
101,531 869,105 
Nelnet, Inc., Class A
12,022 1,569,713 
NerdWallet, Inc., Class A(1)
55,564 477,850 
Oportun Financial Corp.(1)
57,184 309,937 
OppFi, Inc.(1)
68,720 583,433 
PRA Group, Inc.(1)
75,326 1,149,475 
PROG Holdings, Inc.
27,086 995,952 
Regional Management Corp.
14,730 541,475 
SLM Corp.
77,203 1,707,730 
World Acceptance Corp.(1)
5,408 892,807 
 
 
40,886,620 
Consumer Staples Distribution & Retail — 1.3%
 
 
Andersons, Inc.
69,354 4,895,699 
Chefs' Warehouse, Inc.(1)
87,040 6,662,042 
Grocery Outlet Holding Corp.(1)
135,930 1,156,764 
HF Foods Group, Inc.(1)
11,246 21,930 
Ingles Markets, Inc., Class A
32,852 2,906,088 
Natural Grocers by Vitamin Cottage, Inc.
21,782 639,519 
PriceSmart, Inc.
50,994 8,668,470 
United Natural Foods, Inc.(1)
151,183 7,763,247 
Village Super Market, Inc., Class A
22,443 1,042,702 
Weis Markets, Inc.
28,137 2,053,157 
 
 
35,809,618 
Containers and Packaging — 0.8%
 
 
Graphic Packaging Holding Co.
67,684 762,122 
Greif, Inc., Class A
44,523 2,819,642 
Greif, Inc., Class B(2)
6,658 534,637 
Myers Industries, Inc.
82,884 1,889,755 
O-I Glass, Inc.(1)
278,314 2,435,248 
Ranpak Holdings Corp.(1)
8,777 60,561 
Silgan Holdings, Inc.
109,183 4,100,914 
Sonoco Products Co.
153,427 7,468,826 
TriMas Corp.
82,230 3,365,674 
 
 
23,437,379 
Distributors — 0.1%
 
 
GigaCloud Technology, Inc., Class A(1)
14,630 527,265 
Gold.com, Inc.
42,647 1,804,395 
Weyco Group, Inc.
510 17,998 
 
 
2,349,658 
Diversified Consumer Services — 2.2%
 
 
American Public Education, Inc.(1)
40,387 1,997,945 
Bright Horizons Family Solutions, Inc.(1)
45,134 2,826,291 


Carriage Services, Inc.
30,182 1,243,197 
Coursera, Inc.(1)
249,034 1,342,293 
Covista, Inc.(1)
46,966 5,532,595 
Driven Brands Holdings, Inc.(1)(2)
97,991 1,356,195 
Duolingo, Inc.(1)
1,008 112,251 
Frontdoor, Inc.(1)
97,627 6,059,708 
Graham Holdings Co., Class B
4,023 4,414,398 
Grand Canyon Education, Inc.(1)
35,765 5,359,385 
KinderCare Learning Cos., Inc.(1)
1,254 4,815 
Laureate Education, Inc., Class A(1)
205,033 6,559,006 
Legacy Education, Inc.(1)
5,587 62,072 
Lincoln Educational Services Corp.(1)
70,179 3,250,691 
Matthews International Corp., Class A
20,391 541,177 
McGraw Hill, Inc.(1)
26,584 320,071 
OneSpaWorld Holdings Ltd.
203,106 4,823,768 
Perdoceo Education Corp.
147,372 4,771,905 
Phoenix Education Partners, Inc.(2)
7,800 235,872 
Strategic Education, Inc.
37,177 2,853,335 
Stride, Inc.(1)
27,571 2,547,009 
Universal Technical Institute, Inc.(1)
107,804 4,032,948 
WW International, Inc.(1)
1,657 27,539 
 
 
60,274,466 
Diversified Telecommunication Services — 0.8%
 
 
Anterix, Inc.(1)
11,750 752,235 
ATN International, Inc.
20,707 583,109 
Bandwidth, Inc., Class A(1)
17,774 1,154,777 
IDT Corp., Class B
37,188 2,051,290 
Iridium Communications, Inc.
136,923 7,089,873 
Liberty Capital Corp., Class A(1)
4,307 96,089 
Liberty Capital Corp., Class C(1)
38,470 860,574 
Liberty Global Ltd., Class A(1)
254,845 3,188,111 
Liberty Global Ltd., Class C(1)
205,905 2,503,805 
Liberty Latin America Ltd., Class A(1)
48,306 389,829 
Liberty Latin America Ltd., Class C(1)
261,051 2,140,618 
Shenandoah Telecommunications Co.
99,010 1,579,210 
 
 
22,389,520 
Electric Utilities — 0.5%
 
 
Genie Energy Ltd., Class B
842 11,687 
Hawaiian Electric Industries, Inc.(1)
357,372 4,753,048 
MGE Energy, Inc.
47,221 3,565,185 
Otter Tail Corp.
53,029 4,595,493 
 
 
12,925,413 
Electrical Equipment — 1.2%
 
 
Allient, Inc.
38,059 3,012,750 
American Superconductor Corp.(1)
1,927 98,161 
Atkore, Inc.
63,185 5,232,350 
Broadwind, Inc.(1)
6,917 24,279 
Energy Vault Holdings, Inc.(1)
66,494 335,795 
Espey Mfg. & Electronics Corp.
3,313 191,988 
FuelCell Energy, Inc.(1)
62,930 1,363,064 
Hyliion Holdings Corp.(1)
146,791 1,026,069 
KULR Technology Group, Inc.(1)
1,505 7,194 
LSI Industries, Inc.
51,810 1,255,356 
NANO Nuclear Energy, Inc.(1)
9,933 286,865 


Net Power, Inc.(1)
5,449 10,952 
Preformed Line Products Co.
4,817 1,781,423 
Sensata Technologies Holding PLC
57,415 2,835,727 
Shoals Technologies Group, Inc., Class A(1)
343,075 4,271,284 
Sunrun, Inc.(1)
406,049 6,789,139 
Thermon Group Holdings, Inc.(1)
73,078 4,467,989 
Ultralife Corp.(1)
13,710 99,398 
 
 
33,089,783 
Electronic Equipment, Instruments and Components — 3.1%
 
 
908 Devices, Inc.(1)
55,271 464,829 
Arlo Technologies, Inc.(1)
21,096 281,421 
Avnet, Inc.
40,099 3,485,806 
Badger Meter, Inc.
20,372 2,524,091 
Bel Fuse, Inc., Class A
1,031 252,533 
Bel Fuse, Inc., Class B
7,783 2,136,589 
Belden, Inc.
33,112 3,479,409 
Benchmark Electronics, Inc.
79,266 6,694,806 
Climb Global Solutions, Inc.
34,051 737,204 
Coda Octopus Group, Inc.(1)(2)
2,599 32,592 
CPS Technologies Corp.(1)(2)
6,211 56,023 
Crane NXT Co.
39,879 1,548,900 
CTS Corp.
59,672 3,831,539 
Daktronics, Inc.(1)
97,268 2,011,502 
ePlus, Inc.
52,613 4,319,001 
Identiv, Inc.(1)
9,869 40,463 
Ingram Micro Holding Corp.
8,266 233,515 
Insight Enterprises, Inc.(1)
11,032 1,173,584 
IPG Photonics Corp.(1)
37,593 4,305,150 
Itron, Inc.(1)
31,476 2,596,141 
Kimball Electronics, Inc.(1)
55,988 1,451,769 
Knowles Corp.(1)
197,020 7,370,518 
Methode Electronics, Inc.
51,376 592,879 
M-Tron Industries, Inc.(1)
5,344 486,304 
Napco Security Technologies, Inc.
68,120 2,556,544 
PC Connection, Inc.
22,316 1,552,971 
Plexus Corp.(1)
15,895 4,265,582 
Powerfleet, Inc. NJ(1)
111,727 436,853 
RF Industries Ltd.(1)
16,870 298,430 
Richardson Electronics Ltd.
23,290 395,464 
Rogers Corp.(1)
38,143 5,397,997 
ScanSource, Inc.(1)
38,596 1,785,837 
Unusual Machines, Inc.(1)
4,513 143,423 
Vishay Intertechnology, Inc.
244,353 12,718,574 
Vishay Precision Group, Inc.(1)
28,991 3,632,862 
Vontier Corp.
133,692 3,794,179 
 
 
87,085,284 
Energy Equipment and Services — 3.8%
 
 
Archrock, Inc.
83,592 2,799,496 
Atlas Energy Solutions, Inc.(2)
135,608 2,263,297 
Bristow Group, Inc.
59,144 2,462,756 
Cactus, Inc., Class A
102,047 5,922,808 
Core Laboratories, Inc.
71,958 983,666 
DMC Global, Inc.(1)
27,364 186,349 
Energy Services of America Corp.
24,332 363,277 


Expro Group Holdings NV(1)
179,697 2,654,125 
Flowco Holdings, Inc., Class A
11,785 275,651 
Forum Energy Technologies, Inc.(1)
28,235 1,417,962 
Geospace Technologies Corp.(1)
24,799 205,832 
Helix Energy Solutions Group, Inc.(1)
259,015 2,421,790 
Helmerich & Payne, Inc.
182,649 6,968,059 
Innovex International, Inc.(1)
96,943 2,589,348 
Kodiak Gas Services, Inc.
104,835 7,008,220 
Liberty Energy, Inc., Class A
334,983 9,801,603 
Mammoth Energy Services, Inc.(1)
3,873 12,975 
Nabors Industries Ltd.(1)
26,296 2,435,798 
National Energy Services Reunited Corp.(1)
86,000 2,094,100 
Natural Gas Services Group, Inc.
29,287 1,150,979 
Oceaneering International, Inc.(1)
247,017 9,443,460 
Oil States International, Inc.(1)
138,942 1,181,007 
Patterson-UTI Energy, Inc.
853,389 9,566,491 
ProFrac Holding Corp., Class A(1)
58,440 357,068 
ProPetro Holding Corp.(1)
215,934 3,295,153 
Ranger Energy Services, Inc.
38,926 601,796 
RPC, Inc.
217,378 1,439,042 
SEACOR Marine Holdings, Inc.(1)(2)
45,875 346,356 
Seadrill Ltd.(1)
118,401 5,584,975 
Select Water Solutions, Inc., Class A
238,926 4,283,943 
Smart Sand, Inc.
20,894 89,635 
Solaris Energy Infrastructure, Inc., Class A
58,760 4,086,170 
TETRA Technologies, Inc.(1)
243,339 2,489,358 
Tidewater, Inc.(1)
92,019 6,762,476 
Valaris Ltd.(1)
40,198 3,723,541 
 
 
107,268,562 
Entertainment — 0.8%
 
 
Cinemark Holdings, Inc.
176,433 4,940,124 
Cineverse Corp.(1)
11,774 28,611 
CuriosityStream, Inc.
872 2,494 
IMAX Corp.(1)
108,654 4,311,391 
Madison Square Garden Entertainment Corp.(1)
43,780 3,087,803 
Marcus Corp.
48,119 909,930 
Reservoir Media, Inc.(1)
1,585 16,357 
Skillz, Inc.(1)
3,083 28,888 
Sphere Entertainment Co.(1)(2)
67,343 9,325,659 
Starz Entertainment Corp.(1)
4,945 115,614 
 
 
22,766,871 
Financial Services — 2.1%
 
 
Acacia Research Corp.(1)
58,792 273,383 
Alerus Financial Corp.
46,697 1,334,600 
Cannae Holdings, Inc.
55,899 828,982 
Cass Information Systems, Inc.
28,136 1,295,100 
Euronet Worldwide, Inc.(1)
41,078 2,977,333 
EVERTEC, Inc.
122,554 2,998,896 
Federal Agricultural Mortgage Corp., Class C
15,656 2,783,480 
Finance of America Cos., Inc., Class A(1)(2)
8,055 160,456 
Flywire Corp.(1)
124,566 1,998,039 
HA Sustainable Infrastructure Capital, Inc.
99,972 4,098,852 
International Money Express, Inc.(1)
45,469 680,671 
Marqeta, Inc., Class A(1)
737,395 2,993,824 


Merchants Bancorp
48,930 2,306,560 
NCR Atleos Corp.(1)
166,342 7,418,853 
NewtekOne, Inc.
39,556 549,037 
NMI Holdings, Inc., Class A(1)
103,364 3,710,768 
Onity Group, Inc.(1)
13,135 453,683 
Paymentus Holdings, Inc., Class A(1)
31,636 743,130 
Payoneer Global, Inc.(1)
596,793 3,103,324 
Paysafe Ltd.(1)
294 2,273 
Paysign, Inc.(1)
16,902 122,877 
PennyMac Financial Services, Inc.
15,454 1,296,127 
Radian Group, Inc.
138,523 4,730,560 
Remitly Global, Inc.(1)
154,834 3,099,777 
Repay Holdings Corp.(1)
119,695 464,417 
Sezzle, Inc.(1)
4,924 581,771 
Shift4 Payments, Inc., Class A(1)(2)
11,509 512,841 
Velocity Financial, Inc.(1)
17,918 313,565 
Walker & Dunlop, Inc.
26,237 1,316,835 
Waterstone Financial, Inc.
27,440 507,914 
Western Union Co.
446,471 3,629,809 
WEX, Inc.(1)
10,953 1,587,747 
 
 
58,875,484 
Food Products — 1.2%
 
 
Alico, Inc.
12,210 496,336 
B&G Foods, Inc.
168,144 687,709 
Cal-Maine Foods, Inc.
32,766 2,448,276 
Dole PLC
65,281 913,281 
Flowers Foods, Inc.
98,876 755,413 
Fresh Del Monte Produce, Inc.
93,240 2,996,734 
Freshpet, Inc.(1)
84,343 4,352,099 
J&J Snack Foods Corp.
23,037 1,753,576 
John B Sanfilippo & Son, Inc.
17,683 1,324,634 
Lifeway Foods, Inc.(1)(2)
12,059 287,366 
Limoneira Co.
34,477 438,547 
Mama's Creations, Inc.(1)
74,021 1,021,490 
Marzetti Co.
20,543 2,299,583 
Mission Produce, Inc.(1)
123,356 1,374,186 
Post Holdings, Inc.(1)
55,769 5,121,825 
Seaboard Corp.
305 1,549,989 
Seneca Foods Corp., Class A(1)
13,011 1,870,852 
Simply Good Foods Co.(1)
73,410 845,683 
Tootsie Roll Industries, Inc.
39,706 1,497,313 
Utz Brands, Inc.
88,789 649,935 
Village Farms International, Inc.(1)
99,268 251,148 
Vital Farms, Inc.(1)(2)
51,643 516,946 
Westrock Coffee Co.(1)
31,459 252,616 
 
 
33,705,537 
Gas Utilities — 0.5%
 
 
Chesapeake Utilities Corp.
267 32,926 
MDU Resources Group, Inc.
281,907 5,942,600 
Northwest Natural Holding Co.
91,958 4,459,043 
ONE Gas, Inc.
32,846 2,553,448 
RGC Resources, Inc.
191 4,403 
Spire, Inc.
2,944 242,174 


Star Group LP
11,720 147,086 
 
 
13,381,680 
Ground Transportation — 0.6%
 
 
ArcBest Corp.
41,188 5,629,988 
Covenant Logistics Group, Inc.
35,423 1,406,293 
FTAI Infrastructure, Inc.
60,325 269,050 
Heartland Express, Inc.
90,177 1,351,753 
Landstar System, Inc.
7,651 1,582,992 
Marten Transport Ltd.
101,767 1,754,463 
PAMT Corp.(1)
8 108 
Proficient Auto Logistics, Inc.(1)
35,112 192,063 
Schneider National, Inc., Class B
31,730 1,121,338 
Universal Logistics Holdings, Inc.
12,586 200,243 
Werner Enterprises, Inc.
86,748 3,600,909 
 
 
17,109,200 
Health Care Equipment and Supplies — 2.8%
 
 
Acme United Corp.
4,184 176,565 
AngioDynamics, Inc.(1)
90,394 1,037,723 
Anteris Technologies Global Corp.(1)
3,912 33,721 
Avanos Medical, Inc.(1)
97,144 2,409,171 
Beta Bionics, Inc.(1)(2)
10,934 132,520 
Bioventus, Inc., Class A(1)
63,611 541,330 
Butterfly Network, Inc.(1)
99,560 452,998 
Ceribell, Inc.(1)
11,371 209,795 
CONMED Corp.
56,557 2,019,085 
CVRx, Inc.(1)(2)
358 1,998 
Delcath Systems, Inc.(1)
22,828 246,086 
Dentsply Sirona, Inc.
365,409 3,825,832 
Electromed, Inc.(1)
10,908 411,450 
Enovis Corp.(1)
81,112 1,839,620 
Envista Holdings Corp.(1)
271,182 6,386,336 
FONAR Corp.(1)
2,925 55,867 
Haemonetics Corp.(1)
76,841 5,210,588 
ICU Medical, Inc.(1)
31,818 4,307,839 
Inogen, Inc.(1)
48,644 315,700 
Inspire Medical Systems, Inc.(1)
12,903 533,668 
Integer Holdings Corp.(1)
15,806 1,412,740 
Integra LifeSciences Holdings Corp.(1)
107,666 1,726,963 
iRadimed Corp.
19,474 1,765,513 
Kewaunee Scientific Corp.(1)
3,756 152,381 
Lantheus Holdings, Inc.(1)
47,247 4,691,627 
LeMaitre Vascular, Inc.
45,213 4,279,410 
LENSAR, Inc.(1)(2)
1,009 5,852 
LivaNova PLC(1)
126,250 9,317,250 
Merit Medical Systems, Inc.(1)
73,615 4,642,162 
Microbot Medical, Inc.(1)(2)
93,314 189,427 
Neogen Corp.(1)
354,782 3,182,395 
Omnicell, Inc.(1)
92,903 4,100,738 
OraSure Technologies, Inc.(1)
133,206 572,786 
Orchestra BioMed Holdings, Inc.(1)
3,182 12,442 
Orthofix Medical, Inc.(1)
65,308 605,405 
OrthoPediatrics Corp.(1)
38,647 663,569 
Outset Medical, Inc.(1)
26,735 130,734 
Pro-Dex, Inc.(1)
1,974 127,856 


QuidelOrtho Corp.(1)
99,187 1,291,415 
RxSight, Inc.(1)
29,616 157,853 
Sanara Medtech, Inc.(1)
572 13,036 
Sensus Healthcare, Inc.(1)(2)
20,030 61,893 
Shoulder Innovations, Inc.(1)
445 6,541 
STAAR Surgical Co.(1)
26,673 797,256 
Strive, Inc., Class A(1)
1,189 21,010 
Tactile Systems Technology, Inc.(1)
51,693 1,272,165 
TransMedics Group, Inc.(1)
48,457 3,256,310 
UFP Technologies, Inc.(1)
13,811 3,039,801 
Utah Medical Products, Inc.
5,735 381,091 
Varex Imaging Corp.(1)
79,665 814,973 
 
 
78,840,486 
Health Care Providers and Services — 1.8%
 
 
Acadia Healthcare Co., Inc.(1)
154,523 3,584,934 
AdaptHealth Corp.(1)
239,502 2,426,155 
Addus HomeCare Corp.(1)
31 2,842 
agilon health, Inc.(1)
3,537 326,394 
AirSculpt Technologies, Inc.(1)(2)
1,733 9,323 
Alignment Healthcare, Inc.(1)
237,362 3,636,386 
AMN Healthcare Services, Inc.(1)
83,212 2,410,652 
Ardent Health, Inc.(1)
32,382 298,886 
Astrana Health, Inc.(1)
53,034 1,995,139 
Aveanna Healthcare Holdings, Inc.(1)
69,275 496,702 
Castle Biosciences, Inc.(1)
58,359 1,230,208 
Clover Health Investments Corp.(1)
77,340 307,813 
Concentra Group Holdings Parent, Inc.
246,211 6,123,268 
CorVel Corp.(1)
10,748 663,689 
Cross Country Healthcare, Inc.(1)
44,411 581,340 
Fulgent Genetics, Inc.(1)
36,769 666,990 
Guardian Pharmacy Services, Inc., Class A(1)
27,699 1,073,059 
Hims & Hers Health, Inc.(1)(2)
3,629 94,898 
InfuSystem Holdings, Inc.(1)
31,525 285,932 
Innovage Holding Corp.(1)
26,083 197,970 
Joint Corp.(1)
1,337 11,899 
National HealthCare Corp.
28,740 5,300,231 
NeoGenomics, Inc.(1)
106,521 1,120,601 
NRC Health
32,935 643,220 
Nutex Health, Inc.(1)(2)
8,406 1,085,299 
Omada Health, Inc.(1)
782 14,052 
Option Care Health, Inc.(1)
167,456 3,494,807 
Pediatrix Medical Group, Inc.(1)
200,879 4,326,934 
Pennant Group, Inc.(1)
25,474 872,484 
Progyny, Inc.(1)
113,078 2,890,274 
RadNet, Inc.(1)
50,126 2,783,497 
Sonida Senior Living, Inc.(1)
354 12,514 
Strata Critical Medical, Inc.(1)(2)
148,620 937,792 
 
 
49,906,184 
Health Care Technology — 0.2%
 
 
American Well Corp., Class A(1)
5,017 49,317 
CareCloud, Inc.(1)
24,156 56,767 
Certara, Inc.(1)
23,749 138,219 
Doximity, Inc., Class A(1)
3,043 65,120 
GoodRx Holdings, Inc., Class A(1)
95,073 277,613 


HealthStream, Inc.
47,301 1,181,106 
Schrodinger, Inc.(1)
6,905 104,956 
Simulations Plus, Inc.(1)
11,237 192,265 
Teladoc Health, Inc.(1)
252,145 1,918,824 
TruBridge, Inc.(1)
28,579 741,911 
 
 
4,726,098 
Hotels, Restaurants and Leisure — 2.3%
 
 
Accel Entertainment, Inc.(1)
126,154 1,499,971 
Bally's Corp.(1)(2)
2,246 31,848 
Biglari Holdings, Inc., Class A(1)
7 10,427 
Biglari Holdings, Inc., Class B(1)
1,041 302,390 
BJ's Restaurants, Inc.(1)
45,977 2,163,218 
Bloomin' Brands, Inc.
111,489 940,967 
Brightstar Lottery PLC
49,083 551,202 
Caesars Entertainment, Inc.(1)
277,630 8,065,151 
Cheesecake Factory, Inc.
109,928 7,259,645 
Choice Hotels International, Inc.
26,672 2,904,047 
Cracker Barrel Old Country Store, Inc.
32,184 1,088,463 
Dave & Buster's Entertainment, Inc.(1)
46,583 622,815 
El Pollo Loco Holdings, Inc.(1)
48,956 727,976 
First Watch Restaurant Group, Inc.(1)
88,545 1,029,778 
Full House Resorts, Inc.(1)
46,101 115,252 
Global Business Travel Group I(1)(2)
119,209 1,113,412 
Hilton Grand Vacations, Inc.(1)
95,947 4,991,163 
Krispy Kreme, Inc.(1)
3,576 12,588 
Kura Sushi USA, Inc., Class A(1)
3,770 211,836 
Marriott Vacations Worldwide Corp.
48,854 4,146,727 
Monarch Casino & Resort, Inc.
29,088 3,498,123 
Navan, Inc., Class A(1)
972 20,772 
ONE Group Hospitality, Inc.(1)(2)
11,818 23,695 
Penn Entertainment, Inc.(1)
195,649 3,684,071 
Portillo's, Inc., Class A(1)(2)
92,730 397,812 
Pursuit Attractions & Hospitality, Inc.(1)
41,549 1,860,149 
RCI Hospitality Holdings, Inc.
14,715 373,320 
Serve Robotics, Inc.(1)(2)
54,829 512,651 
Shake Shack, Inc., Class A(1)
63,261 4,068,315 
SHARPLINK, Inc.(1)
15,427 94,259 
Six Flags Entertainment Corp.(1)
53,306 1,119,959 
Sweetgreen, Inc., Class A(1)
44,022 438,459 
Target Hospitality Corp.(1)
72,680 1,261,725 
Vail Resorts, Inc.(2)
50,174 6,703,246 
Wendy's Co.
282,884 2,178,207 
 
 
64,023,639 
Household Durables — 1.9%
 
 
Bassett Furniture Industries, Inc.
3,960 59,242 
Beazer Homes USA, Inc.(1)
39,635 1,006,333 
Cavco Industries, Inc.(1)
11,968 6,421,071 
Century Communities, Inc.
41,127 2,172,328 
Champion Homes, Inc.(1)
80,406 5,920,294 
Cricut, Inc., Class A(2)
82,855 343,848 
Dream Finders Homes, Inc., Class A(1)(2)
53,698 830,171 
Ethan Allen Interiors, Inc.
40,000 824,800 
Flexsteel Industries, Inc.
6,410 369,344 
Green Brick Partners, Inc.(1)
57,119 3,841,824 


Hamilton Beach Brands Holding Co., Class A
10,530 213,759 
Helen of Troy Ltd.(1)
32,910 893,177 
Hooker Furnishings Corp.(2)
14,734 176,366 
Hovnanian Enterprises, Inc., Class A(1)
7,658 845,137 
KB Home
83,455 4,077,611 
La-Z-Boy, Inc.
73,690 2,769,270 
Legacy Housing Corp.(1)
11,893 285,551 
Leggett & Platt, Inc.
207,791 2,134,014 
LGI Homes, Inc.(1)
28,945 1,383,861 
Lifetime Brands, Inc.
15,390 131,585 
Lovesac Co.(1)(2)
21,271 327,148 
M/I Homes, Inc.(1)
39,678 5,222,418 
Meritage Homes Corp.
96,129 6,271,456 
Newell Brands, Inc.
702,052 2,386,977 
Smith Douglas Homes Corp.(1)
420 5,023 
Sonos, Inc.(1)
168,494 2,658,835 
Universal Electronics, Inc.(1)
13,440 55,910 
Whirlpool Corp.
49,936 2,168,221 
 
 
53,795,574 
Household Products — 0.6%
 
 
Central Garden & Pet Co.(1)
14,720 566,426 
Central Garden & Pet Co., Class A(1)
95,736 3,267,470 
Energizer Holdings, Inc.
110,626 2,015,606 
Oil-Dri Corp. of America
23,103 1,771,076 
Reynolds Consumer Products, Inc.
53,923 1,168,511 
Spectrum Brands Holdings, Inc.
41,653 3,277,674 
WD-40 Co.
18,300 3,659,451 
 
 
15,726,214 
Independent Power and Renewable Electricity Producers — 0.1%
 
 
Hallador Energy Co.(1)
68,181 1,313,166 
Montauk Renewables, Inc.(1)(2)
96,272 167,514 
XPLR Infrastructure LP(1)
152,963 1,908,978 
 
 
3,389,658 
Insurance — 2.8%
 
 
Abacus Global Management, Inc.(2)
42,929 385,502 
American Coastal Insurance Corp., Class C
38,737 404,802 
American Integrity Insurance Group, Inc.
14,944 244,484 
AMERISAFE, Inc.
34,748 1,065,026 
Assured Guaranty Ltd.
47,635 3,534,993 
Ategrity Specialty Holdings LLC(1)
11,862 231,428 
Bowhead Specialty Holdings, Inc.(1)
30,434 810,153 
Brighthouse Financial, Inc.(1)
108,731 6,801,124 
Citizens, Inc.(1)(2)
13,730 71,259 
CNO Financial Group, Inc.
108,274 4,977,356 
Crawford & Co., Class A
4,273 44,653 
Crawford & Co., Class B
1,240 12,437 
Donegal Group, Inc., Class A
39,097 663,476 
Employers Holdings, Inc.
37,105 1,614,068 
Exzeo Group, Inc.(1)
36,566 506,439 
F&G Annuities & Life, Inc.
26,927 746,416 
Genworth Financial, Inc., Class A(1)
466,958 3,997,161 
Greenlight Capital Re Ltd., Class A(1)
53,338 835,806 
Hagerty, Inc., Class A(1)
41,260 421,677 
Hamilton Insurance Group Ltd., Class B
64,837 1,919,824 


HCI Group, Inc.
21,433 3,302,182 
Heritage Insurance Holdings, Inc.(1)
64,397 1,396,127 
Hippo Holdings, Inc.(1)
42,605 1,102,191 
Horace Mann Educators Corp.
98,718 4,514,374 
Investors Title Co.
2,312 542,742 
James River Group Holdings, Inc.
77,738 303,956 
Kemper Corp.
26,374 650,647 
Kingstone Cos., Inc.
20,511 304,999 
Mercury General Corp.
7,914 775,809 
Octave Specialty Group, Inc.(1)
61,778 338,543 
Palomar Holdings, Inc.(1)
28,739 3,076,223 
Pelagos Insurance Capital Ltd.
138,814 2,995,606 
ProAssurance Corp.(1)
95,486 2,290,709 
RLI Corp.
30,764 1,539,431 
Root, Inc., Class A(1)
16,739 871,432 
Safety Insurance Group, Inc.
29,388 2,062,156 
Selective Insurance Group, Inc.
30,859 2,670,538 
SiriusPoint Ltd.(1)
246,291 5,258,313 
Skyward Specialty Insurance Group, Inc.(1)
63,843 2,816,753 
Slide Insurance Holdings, Inc.(1)
69,716 1,256,979 
Stewart Information Services Corp.
57,672 3,747,527 
Tiptree, Inc.
39,862 727,083 
Trupanion, Inc.(1)
42,157 919,866 
TWFG, Inc.(1)
10,430 195,771 
United Fire Group, Inc.
47,465 2,104,123 
Universal Insurance Holdings, Inc.
66,752 2,471,159 
 
 
77,523,323 
Interactive Media and Services — 0.9%
 
 
Angi, Inc.(1)
43,335 253,943 
Bumble, Inc., Class A(1)
38,568 122,261 
Cargurus, Inc.(1)
98,167 2,931,267 
Cars.com, Inc.(1)
78,775 809,807 
DHI Group, Inc.(1)
6,089 21,494 
EverQuote, Inc., Class A(1)
38,473 740,220 
Grindr, Inc.(1)(2)
18,027 225,337 
IAC, Inc.(1)
116,915 5,248,314 
IZEA Worldwide, Inc.(1)
2,832 10,450 
Nextdoor Holdings, Inc.(1)
223,205 470,963 
QuinStreet, Inc.(1)
49,634 621,418 
Shutterstock, Inc.
40,112 597,268 
Taboola.com Ltd.(1)
388,182 1,894,328 
TripAdvisor, Inc.(1)
251,547 2,812,295 
Webtoon Entertainment, Inc.(1)(2)
98,420 1,209,582 
Yelp, Inc.(1)
78,557 1,791,100 
Ziff Davis, Inc.(1)
71,719 3,232,375 
ZoomInfo Technologies, Inc.(1)
319,745 1,064,751 
 
 
24,057,173 
IT Services — 0.3%
 
 
Backblaze, Inc., Class A(1)
7,675 63,549 
BigBear.ai Holdings, Inc.(1)
2,012 10,140 
Commerce.com, Inc.(1)
73,890 231,276 
Crexendo, Inc.(1)
32,069 316,842 
CSP, Inc.
6,877 68,014 
DXC Technology Co.(1)
255,045 2,527,496 


EPAM Systems, Inc.(1)
3,061 313,630 
Everforth, Inc.(1)
51,909 1,177,296 
Globant SA(1)
24,186 976,147 
Grid Dynamics Holdings, Inc.(1)
40,658 292,738 
Hackett Group, Inc.
58,061 669,443 
Information Services Group, Inc.
60,736 273,919 
Kyndryl Holdings, Inc.(1)
19,951 248,789 
TSS, Inc.(1)(2)
7,899 130,175 
 
 
7,299,454 
Leisure Products — 1.1%
 
 
Acushnet Holdings Corp.
4,302 381,932 
American Outdoor Brands, Inc.(1)
16,197 164,157 
Brunswick Corp.
36,752 3,078,347 
Callaway Golf Co.(1)
282,333 4,347,928 
Clarus Corp.
49,648 152,171 
Escalade, Inc.
2,228 41,820 
Funko, Inc., Class A(1)
69,569 395,152 
JAKKS Pacific, Inc.
14,412 318,361 
Johnson Outdoors, Inc., Class A
8,502 380,549 
Latham Group, Inc.(1)
105,281 555,884 
Malibu Boats, Inc., Class A(1)
27,331 750,509 
MasterCraft Boat Holdings, Inc.(1)
34,582 805,415 
Mattel, Inc.(1)
287,525 4,295,623 
Polaris, Inc.
77,208 5,448,569 
Smith & Wesson Brands, Inc.
86,302 1,313,516 
Sturm Ruger & Co., Inc.
22,872 894,066 
YETI Holdings, Inc.(1)
151,915 7,287,363 
 
 
30,611,362 
Life Sciences Tools and Services — 0.8%
 
 
10X Genomics, Inc., Class A(1)
235,149 6,655,893 
AbCellera Biologics, Inc.(1)(2)
39,804 245,591 
Azenta, Inc.(1)
71,395 1,633,518 
Codexis, Inc.(1)
29,801 82,549 
CryoPort, Inc.(1)
101,483 1,592,268 
Cytek Biosciences, Inc.(1)
255,865 1,072,074 
Fortrea Holdings, Inc.(1)
98,042 1,508,866 
Ginkgo Bioworks Holdings, Inc.(1)
91,635 858,620 
Lifecore Biomedical, Inc.(1)
5 25 
Mesa Laboratories, Inc.
12,718 1,297,490 
Nautilus Biotechnology, Inc.(1)
32,120 88,009 
OmniAb, Inc.(1)
52,963 143,000 
OmniAb, Inc.(1)
309 12 
OmniAb, Inc.(1)
309 7 
Personalis, Inc.(1)(2)
93,385 1,064,589 
Quanterix Corp.(1)
90,894 278,136 
Rapid Micro Biosystems, Inc., Class A(1)(2)
11,638 23,392 
Seer, Inc.(1)
61,532 115,065 
Sotera Health Co.(1)
334,433 5,230,532 
 
 
21,889,636 
Machinery — 3.5%
 
 
3D Systems Corp.(1)
152,002 542,647 
Aebi Schmidt Holding AG
26,816 334,664 
AirJoule Technologies Corp.(1)
3,727 16,734 
Alamo Group, Inc.
16,851 2,539,614 


Albany International Corp., Class A
48,536 3,139,794 
Astec Industries, Inc.
55,328 2,786,318 
Atmus Filtration Technologies, Inc.
107,677 5,037,130 
Blue Bird Corp.(1)(2)
65,113 4,412,708 
CECO Environmental Corp.(1)
51,199 3,827,125 
Columbus McKinnon Corp.
43,788 698,856 
Commercial Vehicle Group, Inc.(1)
28,199 145,225 
Douglas Dynamics, Inc.
58,040 2,585,682 
Eastern Co.(2)
4,874 104,937 
Energy Recovery, Inc.(1)
18,291 149,437 
Enerpac Tool Group Corp.
75,211 2,518,816 
Enpro, Inc.
11,498 3,529,771 
Franklin Electric Co., Inc.
41,996 4,131,566 
Gencor Industries, Inc.(1)
8,053 113,628 
Gorman-Rupp Co.
51,343 3,848,158 
Graham Corp.(1)
25,824 2,586,015 
Greenbrier Cos., Inc.
51,448 2,423,715 
Helios Technologies, Inc.
67,398 5,600,100 
Hillman Solutions Corp.(1)
349,244 2,605,360 
Hurco Cos., Inc.(1)
2,194 37,671 
Hyster-Yale, Inc.
20,914 759,596 
Kadant, Inc.
8,041 2,566,526 
Kennametal, Inc.
168,012 5,510,794 
L.B. Foster Co., Class A(1)
18,087 744,099 
Lindsay Corp.
18,897 2,065,253 
Luxfer Holdings PLC
54,750 932,393 
Manitowoc Co., Inc.(1)
76,190 901,328 
Mayville Engineering Co., Inc.(1)
27,842 747,558 
Microvast Holdings, Inc.(1)(2)
321,472 498,282 
Miller Industries, Inc.
21,848 1,046,738 
Mueller Water Products, Inc., Class A
190,369 4,799,203 
NN, Inc.(1)
3,248 9,647 
Omega Flex, Inc.
5,698 172,251 
Palladyne AI Corp.(1)
355 2,993 
Park-Ohio Holdings Corp.
16,702 543,817 
Perma-Pipe International Holdings, Inc.(1)
12,887 395,502 
Proto Labs, Inc.(1)
57,399 4,348,548 
Richtech Robotics, Inc., Class B(1)(2)
56,583 170,881 
Standex International Corp.
14,748 4,085,343 
Taylor Devices, Inc.(1)
5,698 290,598 
Tennant Co.
31,797 2,738,040 
Titan International, Inc.(1)
84,995 613,664 
Trinity Industries, Inc.
188,416 6,112,215 
Twin Disc, Inc.
13,011 217,023 
Wabash National Corp.
54,485 432,066 
Worthington Enterprises, Inc.
56,653 3,216,191 
 
 
97,636,220 
Marine Transportation — 0.3%
 
 
Costamare Bulkers Holdings Ltd.(1)
24,183 390,314 
Costamare, Inc.
26,641 409,739 
Genco Shipping & Trading Ltd.
92,040 2,214,482 
Matson, Inc.
23,359 4,234,987 
Pangaea Logistics Solutions Ltd.
48,657 368,333 
Safe Bulkers, Inc.
642 4,012 


Star Bulk Carriers Corp.
107 2,916 
 
 
7,624,783 
Media — 0.7%
 
 
Advantage Solutions, Inc.(1)(2)
1,490 55,756 
AMC Global Media, Inc., Class A(1)
55,081 535,387 
Boston Omaha Corp., Class A(1)
49,219 633,941 
Cable One, Inc.(1)
6,759 355,185 
DoubleVerify Holdings, Inc.(1)
254,267 2,466,390 
Emerald Holding, Inc.(2)
34,377 171,885 
Entravision Communications Corp., Class A
89,145 809,437 
EW Scripps Co., Class A(1)
31,572 107,029 
Gambling.com Group Ltd.(1)(2)
27,514 65,483 
Gray Media, Inc.
18,033 72,312 
Ibotta, Inc., Class A(1)(2)
7,514 257,355 
John Wiley & Sons, Inc., Class A
74,772 3,146,406 
Liberty Broadband Corp., Class A(1)
4,857 164,069 
Liberty Broadband Corp., Class C(1)
34,363 1,160,095 
Magnite, Inc.(1)
73,848 1,058,242 
MNTN, Inc., Class A(1)
3,646 34,382 
National CineMedia, Inc.
113,149 355,288 
NIQ Global Intelligence PLC(1)
61,252 510,842 
PubMatic, Inc., Class A(1)
68,412 799,052 
Scholastic Corp.
39,704 1,608,012 
Sinclair, Inc.
68,374 945,612 
Stagwell, Inc.(1)
233,160 1,634,452 
TechTarget, Inc.(1)
34,536 158,520 
Townsquare Media, Inc., Class A
2,639 17,417 
USA TODAY Co., Inc.(1)
354,831 2,771,230 
 
 
19,893,779 
Metals and Mining — 1.6%
 
 
Alpha Metallurgical Resources, Inc.(1)
18,290 3,639,161 
American Battery Technology Co.(1)(2)
3,066 11,068 
Ampco-Pittsburgh Corp.(1)
20,843 235,943 
Caledonia Mining Corp. PLC
5,644 134,102 
Century Aluminum Co.(1)
26 1,715 
Cleveland-Cliffs, Inc.(1)
102,612 1,395,523 
Compass Minerals International, Inc.(1)
86,610 2,764,591 
Contango Silver & Gold, Inc.(1)
1,206 24,253 
Elevra Lithium Ltd., ADR(1)(2)
8,624 798,927 
Ferroglobe PLC
52,687 228,135 
Idaho Strategic Resources, Inc.(1)
692 27,064 
Kaiser Aluminum Corp.
37,048 6,744,218 
Materion Corp.
47,299 10,407,672 
McEwen, Inc.(1)
115,363 2,525,296 
Metallus, Inc.(1)
76,439 1,502,026 
NioCorp Developments Ltd.(1)
1,569 9,053 
Ramaco Resources, Inc., Class B(1)
10,958 126,127 
Ryerson Holding Corp.
91,687 2,622,248 
SunCoke Energy, Inc.
122,052 1,099,689 
Tredegar Corp.(1)
51,180 399,716 
Warrior Met Coal, Inc.
83,336 7,878,586 
Worthington Steel, Inc.
64,602 2,725,558 
 
 
45,300,671 
Multi-Utilities — 0.5%
 
 
Avista Corp.
136,768 5,671,769 


Northwestern Energy Group, Inc.
93,719 6,617,499 
Unitil Corp.
34,234 1,712,727 
 
 
14,001,995 
Oil, Gas and Consumable Fuels — 4.6%
 
 
Amplify Energy Corp.(1)
60,485 280,046 
Ardmore Shipping Corp.
80,278 1,290,870 
BKV Corp.(1)
51,903 1,377,506 
California Resources Corp.
51,136 3,031,853 
Centrus Energy Corp., Class A(1)
627 114,409 
Chord Energy Corp.
1 132 
Clean Energy Fuels Corp.(1)
245,586 500,995 
CNX Resources Corp.(1)
96,687 3,257,385 
Comstock Resources, Inc.(1)
10,748 143,271 
Comstock, Inc.(1)(2)
88,081 365,536 
Core Natural Resources, Inc.
78,287 6,923,702 
Crescent Energy Co., Class A
531,427 6,143,296 
CVR Energy, Inc.
62,726 2,083,758 
Delek U.S. Holdings, Inc.
125,724 5,595,975 
DHT Holdings, Inc.
83,019 1,354,870 
Dorian LPG Ltd.
80,024 3,218,565 
Encore Energy Corp.(1)(2)
302,236 483,578 
Epsilon Energy Ltd.
20,523 116,160 
Evolution Petroleum Corp.
46,883 198,784 
Excelerate Energy, Inc., Class A
46,526 1,532,566 
FutureFuel Corp.
51,471 213,090 
Gevo, Inc.(1)(2)
261,338 486,089 
Golar LNG Ltd.
81,162 4,037,809 
Gran Tierra Energy, Inc.(1)(2)
82,254 639,114 
Granite Ridge Resources, Inc.
136,673 664,231 
Green Plains, Inc.(1)
119,048 1,865,482 
Gulfport Energy Corp.(1)
23,714 3,997,943 
HighPeak Energy, Inc.
31,185 221,414 
Infinity Natural Resources, Inc., Class A(1)
17,053 231,068 
International Seaways, Inc.
124,224 9,588,851 
Kimbell Royalty Partners LP
158,752 2,382,868 
Kosmos Energy Ltd.(1)
418,585 1,172,038 
Lightbridge Corp.(1)(2)
9,895 113,595 
Magnolia Oil & Gas Corp., Class A
106,765 2,921,090 
Murphy Oil Corp.
166,638 6,030,629 
NACCO Industries, Inc., Class A
489 24,743 
Navigator Holdings Ltd.
13,345 289,586 
Nordic American Tankers Ltd.
82,411 424,417 
Northern Oil & Gas, Inc.
201,987 4,397,257 
Par Pacific Holdings, Inc.(1)
125,807 7,065,321 
PBF Energy, Inc., Class A
168,694 6,865,846 
Peabody Energy Corp.
224,957 6,085,087 
PEDEVCO Corp.(1)
1,247 16,024 
Plains GP Holdings LP, Class A(1)
314,396 7,655,543 
PrimeEnergy Resources Corp.(1)
467 76,878 
REX American Resources Corp.(1)
73,321 3,428,490 
Riley Exploration Permian, Inc.
35,173 1,169,854 
Ring Energy, Inc.(1)
20,232 26,099 
SandRidge Energy, Inc.
70,445 1,033,428 
Scorpio Tankers, Inc.
34,993 2,607,328 


SFL Corp. Ltd.
75,148 829,634 
Summit Midstream Corp.(1)
19,968 532,147 
Talos Energy, Inc.(1)
286,270 4,199,581 
Tamboran Resources Corp.(1)
24,697 830,066 
Teekay Corp. Ltd.
768 8,809 
Teekay Tankers Ltd., Class A
54,572 3,839,140 
VAALCO Energy, Inc.
222,986 1,163,987 
Vitesse Energy, Inc.
44,976 777,185 
World Kinect Corp.
90,847 2,617,302 
 
 
128,542,320 
Paper and Forest Products — 0.2%
 
 
Clearwater Paper Corp.(1)
22,690 369,847 
Louisiana-Pacific Corp.
44,737 3,417,012 
Magnera Corp.(1)
26,686 303,420 
Sylvamo Corp.
53,861 2,115,121 
 
 
6,205,400 
Passenger Airlines — 0.6%
 
 
Alaska Air Group, Inc.(1)
112,878 5,194,645 
Allegiant Travel Co.(1)
42,699 3,911,655 
Frontier Group Holdings, Inc.(1)(2)
79,654 481,907 
JetBlue Airways Corp.(1)
460,417 2,518,481 
Republic Airways Holdings, Inc.(1)
222 4,518 
SkyWest, Inc.(1)
47,980 4,109,487 
 
 
16,220,693 
Personal Care Products — 0.2%
 
 
Coty, Inc., Class A(1)
4,873 10,379 
Edgewell Personal Care Co.
87,133 1,526,570 
elf Beauty, Inc.(1)
17,786 996,016 
Honest Co., Inc.(1)
135,711 474,989 
Interparfums, Inc.
21,871 2,063,966 
Lifevantage Corp.
16,662 131,130 
Medifast, Inc.(1)
16,693 209,163 
Nature's Sunshine Products, Inc.(1)
28,738 611,545 
Niagen Bioscience, Inc.(1)
4,006 15,463 
Nu Skin Enterprises, Inc., Class A
90,212 522,327 
Olaplex Holdings, Inc.(1)
62,296 127,084 
USANA Health Sciences, Inc.(1)
18,642 341,149 
 
 
7,029,781 
Pharmaceuticals — 1.9%
 
 
Aclaris Therapeutics, Inc.(1)
112,161 510,333 
Alto Neuroscience, Inc.(1)
11,670 234,217 
Alumis, Inc.(1)
9,842 212,587 
Amphastar Pharmaceuticals, Inc.(1)
45,713 861,690 
ANI Pharmaceuticals, Inc.(1)
27,439 2,154,236 
Arvinas, Inc.(1)
89,560 804,249 
Assertio Holdings, Inc.(1)
3,954 92,682 
Atea Pharmaceuticals, Inc.(1)
151,732 708,588 
BioAge Labs, Inc.(1)
43,799 757,285 
Collegium Pharmaceutical, Inc.(1)
50,340 1,691,927 
Context Therapeutics, Inc.(1)
54,062 154,077 
Contineum Therapeutics, Inc., Class A(1)(2)
40,858 551,174 
CorMedix, Inc.(1)(2)
26,753 225,795 
Cumberland Pharmaceuticals, Inc.(1)
3,758 23,112 
Edgewise Therapeutics, Inc.(1)
7,155 244,415 


Enliven Therapeutics, Inc.(1)
61,669 2,440,242 
Eton Pharmaceuticals, Inc.(1)
19,925 606,716 
Fulcrum Therapeutics, Inc.(1)
140,971 975,519 
Harmony Biosciences Holdings, Inc.(1)
68,628 2,167,958 
Harrow, Inc.(1)(2)
18,317 644,942 
Innoviva, Inc.(1)
132,887 2,846,440 
LB Pharmaceuticals, Inc.(1)
11,845 331,305 
LENZ Therapeutics, Inc.(1)
195 1,517 
Ligand Pharmaceuticals, Inc.(1)
38,029 8,821,207 
MBX Biosciences, Inc.(1)
5,970 187,876 
Neumora Therapeutics, Inc.(1)
25,189 46,600 
Nuvation Bio, Inc.(1)
2,513 12,012 
Oramed Pharmaceuticals, Inc.
28,155 111,775 
Organon & Co.
456,594 6,090,964 
Pacira BioSciences, Inc.(1)
70,645 1,640,377 
Perrigo Co. PLC
106,041 1,171,753 
Phibro Animal Health Corp., Class A
16,371 504,063 
Prestige Consumer Healthcare, Inc.(1)
50,653 2,407,537 
Rapport Therapeutics, Inc.(1)
56,730 2,240,835 
Relmada Therapeutics, Inc.(1)
5,146 37,103 
Septerna, Inc.(1)
51,644 1,559,649 
SIGA Technologies, Inc.
59,807 279,897 
Supernus Pharmaceuticals, Inc.(1)
128,579 5,937,778 
Theravance Biopharma, Inc.(1)
84,723 1,360,651 
Third Harmonic Bio, Inc.(1)(2)
36,211 1,086 
Xeris Biopharma Holdings, Inc.(1)
30,155 185,755 
Zevra Therapeutics, Inc.(1)
31,491 364,981 
 
 
52,202,905 
Professional Services — 2.0%
 
 
Asure Software, Inc.(1)
45,317 419,182 
Barrett Business Services, Inc.
7,967 259,246 
CBIZ, Inc.(1)
4,647 154,280 
Clarivate PLC(1)
595,419 1,506,410 
Concentrix Corp.
34,177 966,867 
Conduent, Inc.(1)
248,146 429,292 
CRA International, Inc.
9,356 1,298,145 
DLH Holdings Corp.(1)
3,723 20,886 
ExlService Holdings, Inc.(1)
69,963 2,031,026 
Exponent, Inc.
57,868 3,374,862 
Forrester Research, Inc.(1)
11,718 82,612 
Franklin Covey Co.(1)
14,542 344,936 
FTI Consulting, Inc.(1)
24,349 3,729,780 
HireQuest, Inc.
2,798 36,794 
Huron Consulting Group, Inc.(1)
34,266 3,679,826 
IBEX Holdings Ltd.(1)
22,052 697,725 
Innodata, Inc.(1)(2)
49,966 5,245,431 
Insperity, Inc.
47,223 1,627,777 
KBR, Inc.
107,196 3,746,500 
Kelly Services, Inc., Class A
50,072 581,837 
Kforce, Inc.
30,335 1,425,442 
Korn Ferry
61,886 4,330,782 
Legalzoom.com, Inc.(1)
248,561 1,563,449 
ManpowerGroup, Inc.
84,438 2,670,774 
Maximus, Inc.
29,648 1,836,101 


Mistras Group, Inc.(1)
49,613 872,196 
RCM Technologies, Inc.(1)
7,072 152,826 
Resources Connection, Inc.
52,669 238,064 
Robert Half, Inc.
63,650 1,873,856 
Science Applications International Corp.
54,849 5,715,266 
Skillsoft Corp.(1)
1,631 11,890 
Spire Global, Inc.(1)
44 1,005 
TaskUS, Inc., Class A(2)
28,266 178,924 
TriNet Group, Inc.
16,319 745,452 
TrueBlue, Inc.(1)
44,430 275,910 
TTEC Holdings, Inc.(1)
4,476 12,175 
Upwork, Inc.(1)
165,086 1,456,058 
Verra Mobility Corp.(1)
115,313 520,062 
Willdan Group, Inc.(1)
30,513 2,771,801 
 
 
56,885,447 
Real Estate Management and Development — 0.8%
 
 
AMREP Corp.(1)
877 21,942 
Cushman & Wakefield Ltd.(1)
376,577 4,684,618 
Douglas Elliman, Inc.(1)
136,369 245,464 
Five Point Holdings LLC, Class A(1)
135,886 683,506 
Forestar Group, Inc.(1)
39,368 1,081,439 
FRP Holdings, Inc.(1)
22,561 521,385 
Howard Hughes Holdings, Inc.(1)
30,199 1,913,107 
Kennedy-Wilson Holdings, Inc.
217,181 2,391,163 
Landbridge Co. LLC, Class A
55 3,860 
Marcus & Millichap, Inc.
52,981 1,496,183 
Newmark Group, Inc., Class A
167,189 2,335,630 
Opendoor Technologies, Inc.(1)
32,343 163,009 
RE/MAX Holdings, Inc., Class A(1)
15,768 150,427 
RMR Group, Inc., Class A
28,479 568,156 
Seaport Entertainment Group, Inc.(1)(2)
12,271 309,843 
Seritage Growth Properties, Class A(1)(2)
61,858 158,975 
St. Joe Co.
76,721 4,881,757 
Star Holdings(1)(2)
15,867 140,899 
Stratus Properties, Inc.(1)
1,106 31,626 
Tejon Ranch Co.(1)
46,645 901,648 
 
 
22,684,637 
Semiconductors and Semiconductor Equipment — 3.5%
 
 
ACM Research, Inc., Class A(1)
130,339 11,282,144 
Alpha & Omega Semiconductor Ltd.(1)
48,130 2,182,696 
Ambiq Micro, Inc.(1)
867 69,065 
Amtech Systems, Inc.(1)
19,722 419,487 
Axcelis Technologies, Inc.(1)
55,374 8,328,803 
CEVA, Inc.(1)
54,902 2,194,982 
Cohu, Inc.(1)
99,300 5,238,075 
Diodes, Inc.(1)
98,131 10,335,157 
Everspin Technologies, Inc.(1)(2)
24,995 659,368 
GSI Technology, Inc.(1)(2)
19,464 193,180 
Ichor Holdings Ltd.(1)
59,558 4,259,588 
inTEST Corp.(1)(2)
25,547 430,212 
Kulicke & Soffa Industries, Inc.
26,498 2,699,881 
Magnachip Semiconductor Corp.(1)
58,360 513,568 
NVE Corp.
10,394 1,017,988 
Penguin Solutions, Inc.(1)
44,708 2,496,048 


Photronics, Inc.(1)
126,068 4,078,300 
Power Integrations, Inc.
47,515 3,991,260 
SkyWater Technology, Inc.(1)
68,736 2,679,329 
SolarEdge Technologies, Inc.(1)
143,339 10,943,933 
Synaptics, Inc.(1)
48,122 6,606,188 
Ultra Clean Holdings, Inc.(1)
96,432 8,251,686 
Universal Display Corp.
26,685 2,458,222 
Veeco Instruments, Inc.(1)
114,267 6,586,350 
 
 
97,915,510 
Software — 2.2%
 
 
8x8, Inc.(1)
257,025 532,042 
A10 Networks, Inc.
163,274 4,921,078 
ACI Worldwide, Inc.(1)
78,864 3,443,991 
Adeia, Inc.
265,270 7,088,014 
Alarm.com Holdings, Inc.(1)
75,980 3,427,458 
AudioEye, Inc.(1)
3,323 25,521 
AvePoint, Inc.(1)
70,093 764,715 
Bill Holdings, Inc.(1)
72,569 2,686,504 
Blackbaud, Inc.(1)
45,701 1,402,564 
BlackLine, Inc.(1)
72,169 2,121,769 
BTCS, Inc.(1)
9,644 15,141 
C3.ai, Inc., Class A(1)(2)
16,476 177,447 
Cerence, Inc.(1)
73,808 949,171 
Cleanspark, Inc.(1)(2)
159,294 2,913,487 
Clear Secure, Inc., Class A
198 10,979 
Commvault Systems, Inc.(1)
6,513 773,419 
Consensus Cloud Solutions, Inc.(1)
11,469 393,960 
CS Disco, Inc.(1)
38,218 152,490 
Daily Journal Corp.(1)
3,378 1,746,831 
Datavault AI, Inc.(1)
406 4 
Digital Turbine, Inc.(1)
72,813 639,298 
Duos Technologies Group, Inc.(1)
243 3,281 
eGain Corp.(1)
8,017 59,566 
EverCommerce, Inc.(1)(2)
20,432 229,860 
Five9, Inc.(1)
25,476 620,341 
Freshworks, Inc., Class A(1)
106,639 1,035,465 
Intellicheck, Inc.(1)
4,624 20,438 
LiveRamp Holdings, Inc.(1)
107,554 4,039,728 
MARA Holdings, Inc.(1)(2)
197,100 2,834,298 
Mitek Systems, Inc.(1)
95,000 1,632,100 
N-able, Inc.(1)
95,533 353,472 
NCR Voyix Corp.(1)
7,339 52,767 
OneSpan, Inc.
47,637 687,878 
Ooma, Inc.(1)
51,665 911,887 
Pagaya Technologies Ltd., Class A(1)
93,813 1,418,453 
Phunware, Inc.(1)
863 1,761 
Progress Software Corp.(1)
78,455 2,575,678 
Q2 Holdings, Inc.(1)
22,349 1,058,225 
Qualys, Inc.(1)
25,703 2,809,081 
Rapid7, Inc.(1)
83,205 697,258 
Red Violet, Inc.(1)
25,650 1,457,946 
ReposiTrak, Inc.
22,554 232,983 
Silvaco Group, Inc.(1)
18,439 178,121 
SoundThinking, Inc.(1)(2)
9,285 69,730 


Sprinklr, Inc., Class A(1)
143,100 798,498 
SPS Commerce, Inc.(1)
5,990 339,932 
Telos Corp.(1)
101,848 487,852 
Tenable Holdings, Inc.(1)
38,723 1,093,150 
Teradata Corp.(1)
1,201 40,894 
Thryv Holdings, Inc.(1)
85,156 330,405 
TON Strategy Co.(1)(2)
2,371 9,437 
UiPath, Inc., Class A(1)(2)
28,710 336,481 
Vertex, Inc., Class A(1)
9,192 122,713 
Xperi, Inc.(1)
90,032 715,754 
 
 
61,441,316 
Specialty Retail — 3.0%
 
 
1-800-Flowers.com, Inc., Class A(1)(2)
53,834 246,021 
Abercrombie & Fitch Co., Class A(1)
59,104 4,564,011 
Academy Sports & Outdoors, Inc.
105,054 5,546,851 
Advance Auto Parts, Inc.
92,888 5,595,573 
American Eagle Outfitters, Inc.
263,300 4,160,140 
America's Car-Mart, Inc.(1)(2)
13,919 171,065 
Arhaus, Inc.
74,469 504,155 
Arko Corp.
119,202 925,008 
Asbury Automotive Group, Inc.(1)
21,194 3,978,326 
Barnes & Noble Education, Inc.(1)(2)
35,282 365,522 
Boot Barn Holdings, Inc.(1)
39,398 6,692,538 
Buckle, Inc.
76,040 3,487,955 
Build-A-Bear Workshop, Inc.
22,083 821,708 
Caleres, Inc.
49,122 715,216 
Camping World Holdings, Inc., Class A
10,766 78,915 
Cato Corp., Class A(1)
6,673 21,621 
Citi Trends, Inc.(1)
11,961 550,326 
Designer Brands, Inc., Class A
70,136 541,450 
Duluth Holdings, Inc., Class B(1)
3,202 10,727 
Envela Corp.(1)
7,412 188,710 
Floor & Decor Holdings, Inc., Class A(1)
16,344 840,082 
Genesco, Inc.(1)
18,515 710,421 
Group 1 Automotive, Inc.
10,722 3,391,797 
Haverty Furniture Cos., Inc.
26,795 621,376 
J Jill, Inc.(2)
11,006 139,446 
Lands' End, Inc.(1)
21,294 250,205 
MarineMax, Inc.(1)
35,427 1,220,106 
Monro, Inc.
36,143 594,552 
National Vision Holdings, Inc.(1)
190,834 3,196,469 
OneWater Marine, Inc., Class A(1)(2)
19,991 220,101 
Outdoor Holding Co.(1)
58,029 119,540 
Petco Health & Wellness Co., Inc.(1)
173,349 521,780 
PetMed Express, Inc.(1)(2)
12,060 26,170 
Revolve Group, Inc.(1)
37,402 733,079 
RH(1)
10,358 1,538,059 
RideNow Group, Inc., Class B(1)
4,615 37,243 
Sally Beauty Holdings, Inc.(1)
206,748 2,745,613 
Shoe Carnival, Inc.
27,223 481,847 
Signet Jewelers Ltd.
47,450 4,146,655 
Sonic Automotive, Inc., Class A
25,329 2,092,682 
Stitch Fix, Inc., Class A(1)
208,721 743,047 
Tile Shop Holdings, Inc.(1)
4,700 13,865 


Tilly's, Inc., Class A(1)
256 1,142 
Upbound Group, Inc.
77,916 1,496,766 
Valvoline, Inc.(1)
178,079 6,010,166 
Victoria's Secret & Co.(1)
172,284 9,475,620 
Warby Parker, Inc., Class A(1)
105,139 2,578,008 
Zumiez, Inc.(1)
26,377 649,666 
 
 
83,761,341 
Technology Hardware, Storage and Peripherals — 0.3%
 
 
AstroNova, Inc.(1)
412 6,435 
Corsair Gaming, Inc.(1)
81,981 995,249 
Diebold Nixdorf, Inc.(1)
51,356 4,167,026 
Eastman Kodak Co.(1)
177,349 1,759,302 
GPGI, Inc., Class A
61,053 742,405 
Immersion Corp.(2)
54,062 350,322 
Quantum Computing, Inc.(1)(2)
33,961 406,174 
Turtle Beach Corp.(1)(2)
17,809 232,229 
 
 
8,659,142 
Textiles, Apparel and Luxury Goods — 1.7%
 
 
Allbirds, Inc., Class A(1)(2)
3,516 14,486 
Carter's, Inc.
51,111 1,972,374 
Columbia Sportswear Co.
32,798 2,170,572 
Crocs, Inc.(1)
42,226 5,010,959 
Ermenegildo Zegna NV
118,820 1,746,654 
Figs, Inc., Class A(1)
239,178 2,812,733 
Fossil Group, Inc.(1)
97,397 426,599 
G-III Apparel Group Ltd.
74,382 2,404,770 
Gildan Activewear, Inc.
80,434 4,904,865 
Kontoor Brands, Inc.
80,947 5,809,566 
Lakeland Industries, Inc.
14,752 159,617 
Movado Group, Inc.
29,980 1,147,634 
Oxford Industries, Inc.
22,133 987,575 
Playboy, Inc.(1)
604 828 
PVH Corp.
53,540 4,994,211 
Rocky Brands, Inc.
16,991 656,872 
Steven Madden Ltd.
126,662 5,502,197 
Superior Group of Cos., Inc.
19,843 253,792 
Under Armour, Inc., Class A(1)(2)
350,354 2,056,578 
Under Armour, Inc., Class C(1)
221,159 1,267,241 
Unifi, Inc.(1)
7,109 28,223 
Vera Bradley, Inc.(1)
32,165 106,466 
Wolverine World Wide, Inc.
159,871 2,805,736 
 
 
47,240,548 
Trading Companies and Distributors — 1.1%
 
 
Alta Equipment Group, Inc.(1)
23,540 145,006 
BlueLinx Holdings, Inc.(1)
13,139 683,097 
Boise Cascade Co.
35,306 2,461,534 
Custom Truck One Source, Inc.(1)
117,082 1,121,645 
Distribution Solutions Group, Inc.(1)
5,593 151,011 
DNOW, Inc.(1)
341,692 4,370,241 
DXP Enterprises, Inc.(1)
31,054 4,504,693 
Global Industrial Co.
30,109 915,314 
Herc Holdings, Inc.
25,314 3,366,762 
Hudson Technologies, Inc.(1)
72,674 386,626 
Karat Packaging, Inc.
15,259 413,824 


MSC Industrial Direct Co., Inc., Class A
24,409 2,672,053 
NPK International, Inc.(1)
200,260 2,907,775 
Rush Enterprises, Inc., Class A
27,822 1,928,899 
Rush Enterprises, Inc., Class B
3,452 224,035 
SiteOne Landscape Supply, Inc.(1)
24,660 2,678,076 
Titan Machinery, Inc.(1)
46,334 1,011,008 
Transcat, Inc.(1)
305 25,779 
Willis Lease Finance Corp.
5,205 921,337 
Xometry, Inc., Class A(1)
4,525 431,187 
 
 
31,319,902 
Transportation Infrastructure — 0.0%
 
 
Sky Harbour Group Corp.(1)(2)
37,345 350,670 
Water Utilities — 0.4%
 
 
American States Water Co.
56,590 4,372,709 
Artesian Resources Corp., Class A
19,374 630,042 
California Water Service Group
114,906 5,182,261 
Consolidated Water Co. Ltd.
8,621 260,182 
Global Water Resources, Inc.
362 2,639 
Middlesex Water Co.
7,313 384,152 
Pure Cycle Corp.(1)
1,015 10,505 
 
 
10,842,490 
Wireless Telecommunication Services — 0.2%
 
 
Array Digital Infrastructure, Inc.
16,453 836,800 
Gogo, Inc.(1)
140,662 642,825 
Spok Holdings, Inc.
41,120 435,461 
Telephone & Data Systems, Inc.
71,036 2,778,218 
 
 
4,693,304 
TOTAL COMMON STOCKS
(Cost $2,370,116,677)
 
2,788,972,000 
RIGHTS — 0.0%
 
 
Biotechnology — 0.0%
 
 
89bio, Inc.(1)
258,768 87,981 
Akero Therapeutics, Inc.(1)
224 146 
Akouos, Inc.(1)
779 8 
Cargo Therapeutics, Inc.(1)
55,735 557 
Chinook Therapeutics, Inc.(1)
5,210 52 
Fusion Pharmaceuticals, Inc.(1)(2)
4,010 2,205 
Pardes Biosciences, Inc.(1)
223 7 
Regulus Therapeutics, Inc.(1)
47,096 54,631 
Sage Therapeutics, Inc.(1)
122,658 22,078 
Verve Therapeutics, Inc.(1)
150,436 94,775 
Vigil Neuroscience, Inc.(1)
37,413 1,871 
 
 
264,311 
Food Products — 0.0%
 
 
TreeHouse Foods, Inc.(1)
54,219 104,643 
Pharmaceuticals — 0.0%
 
 
Concert Pharmaceuticals, Inc.(1)
5,515 2,040 
Poseida Therapeutics, Inc.(1)
6,404 3,202 
Repare Therapeutics, Inc.(1)
14,944 3,319 
 
 
8,561 
Software — 0.0%
 
 
Gen Digital, Inc.(1)
14,827 27,875 
TOTAL RIGHTS
(Cost $448,241)
 
405,390 


WARRANTS — 0.0%
 
 
Real Estate Management and Development — 0.0%
 
 
Opendoor Technologies, Inc.(1)
(Cost $—)
661 443 
SHORT-TERM INVESTMENTS — 0.8%
 
 
Money Market Funds — 0.8%
 
 
State Street Institutional U.S. Government Money Market Fund, Premier Class
1,535,141 1,535,141 
State Street Navigator Securities Lending Government Money Market Portfolio(3)
20,468,323 20,468,323 
TOTAL SHORT-TERM INVESTMENTS
(Cost $22,003,464)
 
22,003,464 
TOTAL INVESTMENT SECURITIES — 100.7%
(Cost $2,392,568,382)
 
2,811,381,297 
OTHER ASSETS AND LIABILITIES — (0.7)%
 
(18,180,759)
TOTAL NET ASSETS — 100.0%
 
$2,793,200,538 

NOTES TO SCHEDULE OF INVESTMENTS
ADR
–
American Depositary Receipt
(1)Non-income producing.
(2)Security, or a portion thereof, is on loan. At the period end, the aggregate value of securities on loan was $39,007,221. The amount of securities on loan indicated may not correspond with the securities on loan identified because securities with pending sales are in the process of recall from the brokers.
(3)Investment of cash collateral from securities on loan. At the period end, the aggregate value of the collateral held by the fund was $39,922,956, which includes securities collateral of $19,454,633.


SUPPLEMENTARY NOTES TO SCHEDULE OF INVESTMENTS 

1. Investment Valuations

The fund determines the fair value of its investments and computes its net asset value (NAV) per share at the close of regular trading (usually 4 p.m. Eastern time) on the New York Stock Exchange (NYSE) on each day the NYSE is open. The value of investments of the fund is determined by American Century Investment Management, Inc. (ACIM) (the investment advisor), as the valuation designee, pursuant to its valuation policies and procedures. The Board of Trustees oversees the valuation designee and reviews its valuation policies and procedures at least annually.

Equity securities that are listed or traded on a domestic securities exchange are valued at the last reported sales price or at the official closing price as provided by the exchange. Equity securities traded on foreign securities exchanges are generally valued at the closing price of such securities on the exchange where primarily traded or at the close of the NYSE, if that is earlier. If no last sales price is reported, or if local convention or regulation so provides, the mean of the latest bid and asked prices may be used. Securities traded over-the-counter are valued at the mean of the latest bid and asked prices, the last sales price, or the official closing price.

Open-end management investment companies are valued at the reported NAV per share.

If the valuation designee determines that the market price for a portfolio security is not readily available or is believed by the valuation designee to be unreliable, such security is valued at fair value as determined in good faith by the valuation designee, in accordance with its policies and procedures. Circumstances that may cause a fund to determine that market quotations are not available or reliable include, but are not limited to: when there is a significant event subsequent to the market quotation; trading in a security has been halted during the trading day; or trading in a security is insufficient or did not take place due to a closure or holiday.

The valuation designee monitors for significant events occurring after the close of an investment’s primary exchange but before the NAV per share is determined. Significant events may include, but are not limited to: corporate announcements and transactions; regulatory news, governmental action and political unrest that could impact a specific investment or an investment sector; or armed conflicts, natural disasters and similar events that could affect investments in a specific country or region. The valuation designee also monitors for significant fluctuations between domestic and foreign markets, as evidenced by the U.S. market or such other indicators that it deems appropriate. The valuation designee may apply a model-derived factor to the closing price of equity securities traded on foreign securities exchanges. The factor is based on observable market data as provided by an independent pricing service.

2. Fair Value Measurements

The fund's investments valuation process is based on several considerations and may use multiple inputs to determine the fair value of the investments held by the fund. In conformity with accounting principles generally accepted in the United States of America, the inputs used to determine a valuation are classified into three broad levels. 

•Level 1 valuation inputs consist of unadjusted quoted prices in an active market for identical investments.

•Level 2 valuation inputs consist of direct or indirect observable market data (including quoted prices for comparable investments, evaluations of subsequent market events, interest rates, prepayment speeds, credit risk, etc.). These inputs also consist of quoted prices for identical investments initially expressed in local currencies that are adjusted through translation into U.S. dollars. 

•Level 3 valuation inputs consist of unobservable data (including a fund’s own assumptions).

The level classification is based on the lowest level input that is significant to the fair valuation measurement. The valuation inputs are not necessarily an indication of the risks associated with investing in these securities or other financial instruments.

As of period end, the fund's investment securities were classified as Level 1. The Schedule of Investments provides additional information on the fund's portfolio holdings.
This schedule of investments provides information about the fund’s portfolio holdings as of the date on the schedule. It is unaudited, and American Century Investments assumes no obligation to update or supplement the schedule to reflect subsequent changes. More information is available in the fund’s most recent annual or semiannual financial statements.