| Number of Shares | Value | ||
| COMMON STOCKS — 93.6% | |||
| BASIC MATERIALS — 4.8% | |||
AdvanSix, Inc. | 2,178 | $43,299 | |
Albemarle Corp. | 1,115 | 150,558 | |
Alcoa Corp. | 13,726 | 715,674 | |
Arcosa, Inc. | 6,049 | 878,859 | |
Cabot Corp. | 1,769 | 160,661 | |
Caledonia Mining Corp. PLC | 686 | 13,103 | |
Calumet, Inc.* | 3,313 | 119,334 | |
Carpenter Technology Corp. | 1,667 | 1,028,272 | |
Celanese Corp. | 1,481 | 68,126 | |
Century Aluminum Co.* | 495 | 22,775 | |
Chemours Co. | 4,910 | 100,753 | |
Cleveland-Cliffs, Inc.* | 19,923 | 187,077 | |
Coeur Mining, Inc. | 2,762 | 45,076 | |
Commercial Metals Co. | 15,776 | 989,944 | |
Compass Minerals International, Inc.* | 1,597 | 49,715 | |
Eastman Chemical Co. | 1,116 | 74,750 | |
Ecovyst, Inc.* | 21,110 | 262,819 | |
Element Solutions, Inc. | 13,272 | 633,738 | |
Friedman Industries, Inc. | 1,376 | 44,280 | |
H.B. Fuller Co. | 3,951 | 230,304 | |
Hawkins, Inc. | 327 | 46,467 | |
Hecla Mining Co. | 11,900 | 183,617 | |
Huntsman Corp. | 13,288 | 141,118 | |
Innospec, Inc. | 1,128 | 91,808 | |
Intrepid Potash, Inc.* | 1,350 | 44,253 | |
Kaiser Aluminum Corp. | 1,934 | 378,348 | |
Koppers Holdings, Inc. | 2,416 | 108,478 | |
Kronos Worldwide, Inc. | 10,866 | 68,782 | |
Mativ Holdings, Inc. | 1,971 | 14,920 | |
Minerals Technologies, Inc. | 4,584 | 339,078 | |
Mosaic Co. | 1,773 | 37,570 | |
NewMarket Corp. | 91 | 72,003 | |
Oil-Dri Corp. of America | 2,114 | 216,072 | |
Olin Corp. | 6,492 | 128,671 | |
Perimeter Solutions, Inc.* | 7,010 | 249,906 | |
Quaker Chemical Corp. | 762 | 121,059 | |
Rayonier Advanced Materials, Inc.* | 15,560 | 122,302 | |
Rogers Corp.* | 1,583 | 259,185 | |
SSR Mining, Inc.* | 6,186 | 174,940 | |
Stepan Co. | 1,989 | 110,827 | |
Tronox Holdings PLC | 18,902 | 119,083 | |
Westlake Corp. | 1,673 | 122,129 | |
| 8,969,733 | |||
| COMMUNICATIONS — 2.3% | |||
A10 Networks, Inc. | 1,513 | 56,526 | |
AMC Global Media, Inc.* | 3,161 | 31,547 | |
Anterix, Inc.* | 505 | 51,985 | |
Array Digital Infrastructure, Inc. | 3,280 | 118,933 | |
ATN International, Inc. | 1,735 | 45,960 | |
Bumble, Inc. - Class A* | 10,450 | 33,440 | |
Cable One, Inc.* | 402 | 21,350 | |
Cargurus, Inc.* | 984 | 33,545 | |
Cars.com, Inc.* | 3,654 | 39,975 | |
EchoStar Corp. - Class A* | 631 | 64,046 | |
ePlus, Inc. | 1,898 | 157,971 | |
Etsy, Inc.* | 1,145 | 86,253 | |
| Number of Shares | Value | ||
| COMMON STOCKS (Continued) | |||
| COMMUNICATIONS (Continued) | |||
EW Scripps Co. - Class A* | 1,200 | $3,324 | |
Gray Media, Inc. | 9,220 | 36,603 | |
Harmonic, Inc.* | 2,505 | 40,907 | |
Hims & Hers Health, Inc.* | 1,126 | 39,038 | |
IDT Corp. - Class B | 500 | 29,080 | |
Iridium Communications, Inc. | 616 | 33,788 | |
KVH Industries, Inc.* | 2,861 | 28,352 | |
Lands’ End, Inc.* | 1,463 | 15,332 | |
Liberty Latin America Ltd. - Class A* | 13,641 | 106,945 | |
Liquidity Services, Inc.* | 1,476 | 57,741 | |
Magnite, Inc.* | 2,692 | 51,094 | |
NETGEAR, Inc.* | 1,666 | 38,901 | |
Nexstar Media Group, Inc. | 510 | 91,081 | |
Powerfleet, Inc. NJ* | 7,791 | 29,839 | |
Preformed Line Products Co. | 566 | 232,377 | |
Scholastic Corp. | 6,095 | 280,370 | |
Shenandoah Telecommunications Co. | 1,510 | 22,771 | |
Sphere Entertainment Co.* | 3,035 | 525,146 | |
Telephone and Data Systems, Inc. | 17,679 | 654,300 | |
Viasat, Inc.* | 10,421 | 935,910 | |
Viavi Solutions, Inc.* | 849 | 40,540 | |
Ziff Davis, Inc.* | 2,874 | 150,511 | |
| 4,185,481 | |||
| CONSUMER, CYCLICAL — 14.4% | |||
Academy Sports & Outdoors, Inc. | 8,033 | 378,595 | |
Accel Entertainment, Inc.* | 2,249 | 28,360 | |
Adient PLC* | 12,260 | 225,339 | |
Advance Auto Parts, Inc. | 4,944 | 307,616 | |
Alaska Air Group, Inc.* | 11,506 | 600,613 | |
Allegiant Travel Co.* | 2,489 | 292,706 | |
American Airlines Group, Inc.* | 7,411 | 133,917 | |
American Eagle Outfitters, Inc. | 15,994 | 275,097 | |
American Outdoor Brands, Inc.* | 700 | 8,218 | |
Arko Corp. | 4,781 | 38,391 | |
Asbury Automotive Group, Inc.* | 2,377 | 477,967 | |
AutoNation, Inc.* | 1,438 | 267,166 | |
Bally’s Corp.* | 4,313 | 59,131 | |
Bath & Body Works, Inc. | 2,352 | 54,402 | |
Beazer Homes USA, Inc.* | 1,806 | 50,658 | |
Biglari Holdings, Inc. - Class B* | 233 | 99,265 | |
BJ’s Restaurants, Inc.* | 1,581 | 96,022 | |
Bloomin’ Brands, Inc. | 4,674 | 42,720 | |
BlueLinx Holdings, Inc.* | 342 | 21,163 | |
Boot Barn Holdings, Inc.* | 217 | 35,647 | |
BorgWarner, Inc. | 2,514 | 166,930 | |
Brinker International, Inc.* | 226 | 37,968 | |
Brunswick Corp. | 1,022 | 86,093 | |
Buckle, Inc. | 978 | 41,272 | |
Caleres, Inc. | 4,547 | 56,246 | |
Callaway Golf Co.* | 15,604 | 293,199 | |
Capri Holdings Ltd.* | 1,819 | 33,779 | |
CarMax, Inc.* | 1,972 | 104,299 | |
Carter’s, Inc. | 3,464 | 142,578 | |
Central Garden & Pet Co. - Class A* | 7,651 | 296,629 | |
Century Casinos, Inc.* | 89 | 114 | |
Century Communities, Inc. | 3,370 | 241,494 | |
| Number of Shares | Value | ||
| COMMON STOCKS (Continued) | |||
| CONSUMER, CYCLICAL (Continued) | |||
Cheesecake Factory, Inc.1 | 1,677 | $133,389 | |
Cooper-Standard Holdings, Inc.* | 1,812 | 49,015 | |
Copa Holdings S.A. - Class A | 878 | 136,590 | |
Dana, Inc. | 23,305 | 634,129 | |
Dauch Corp.* | 18,979 | 102,866 | |
Designer Brands, Inc. - Class A | 7,788 | 45,404 | |
Dick’s Sporting Goods, Inc. | 467 | 105,920 | |
Dillard’s, Inc. - Class A1 | 406 | 214,538 | |
Dorman Products, Inc.* | 582 | 79,414 | |
Douglas Dynamics, Inc. | 561 | 30,266 | |
Dream Finders Homes, Inc. - Class A* | 2,325 | 40,129 | |
El Pollo Loco Holdings, Inc.* | 3,670 | 62,243 | |
Envela Corp.* | 2,020 | 58,338 | |
Escalade, Inc. | 1,170 | 21,973 | |
Ethan Allen Interiors, Inc. | 4,544 | 101,513 | |
Five Below, Inc.* | 608 | 109,312 | |
Flexsteel Industries, Inc. | 1,549 | 115,370 | |
Forestar Group, Inc.* | 5,395 | 170,752 | |
Fossil Group, Inc.* | 5,600 | 23,184 | |
Fox Factory Holding Corp.* | 2,849 | 48,276 | |
Frontier Group Holdings, Inc.* | 4,636 | 36,671 | |
Funko, Inc. - Class A* | 5,001 | 29,406 | |
Gap, Inc. | 2,868 | 53,574 | |
Garrett Motion, Inc. | 3,379 | 122,421 | |
Genesco, Inc.* | 2,719 | 91,821 | |
Gentex Corp. | 1,500 | 37,905 | |
Gentherm, Inc.* | 1,406 | 47,959 | |
G-III Apparel Group Ltd. | 9,082 | 306,154 | |
Gold.com, Inc. | 1,538 | 63,996 | |
Goodyear Tire & Rubber Co.* | 26,405 | 174,273 | |
Green Brick Partners, Inc.* | 3,972 | 317,919 | |
Group 1 Automotive, Inc. | 2,260 | 658,044 | |
Hamilton Beach Brands Holding Co. - Class A | 2,891 | 66,580 | |
Hamilton Beach Brands Holding Co. - Class A | 750 | 17,272 | |
Haverty Furniture Cos., Inc. | 1,580 | 40,337 | |
Hilton Grand Vacations, Inc.* | 2,188 | 114,586 | |
HNI Corp. | 2,548 | 102,965 | |
Holley, Inc.* | 4,134 | 10,542 | |
Hooker Furnishings Corp. | 4,160 | 74,173 | |
Hovnanian Enterprises, Inc. - Class A* | 325 | 46,283 | |
Hudson Technologies, Inc.* | 6,002 | 34,451 | |
Hyliion Holdings Corp.* | 5,179 | 26,983 | |
Inspired Entertainment, Inc.* | 5,531 | 45,631 | |
Interface, Inc. | 2,409 | 86,339 | |
JAKKS Pacific, Inc. | 1,608 | 37,434 | |
JetBlue Airways Corp.* | 46,105 | 264,182 | |
Johnson Outdoors, Inc. - Class A | 766 | 35,267 | |
KB Home | 3,543 | 221,756 | |
Kohl’s Corp. | 18,973 | 336,202 | |
Kontoor Brands, Inc. | 527 | 43,920 | |
La-Z-Boy, Inc. | 6,415 | 257,370 | |
LCI Industries | 3,047 | 322,616 | |
Lear Corp. | 2,572 | 344,802 | |
Life Time Group Holdings, Inc.* | 11,458 | 467,945 | |
| Number of Shares | Value | ||
| COMMON STOCKS (Continued) | |||
| CONSUMER, CYCLICAL (Continued) | |||
Lifetime Brands, Inc. | 1,175 | $10,023 | |
Light & Wonder, Inc.* | 392 | 30,384 | |
Lindblad Expeditions Holdings, Inc.* | 2,076 | 58,626 | |
Lovesac Co.* | 2,456 | 40,991 | |
M/I Homes, Inc.* | 3,487 | 560,675 | |
Macy’s, Inc. | 31,583 | 743,780 | |
Madison Square Garden Entertainment Corp.* | 1,038 | 83,964 | |
Madison Square Garden Sports Corp.* | 74 | 29,736 | |
Malibu Boats, Inc. - Class A* | 1,096 | 30,063 | |
Marcus Corp. | 4,171 | 97,852 | |
MarineMax, Inc.* | 4,056 | 148,531 | |
Marriott Vacations Worldwide Corp. | 4,536 | 462,128 | |
MasterCraft Boat Holdings, Inc.* | 1,674 | 43,223 | |
Meritage Homes Corp. | 6,924 | 580,577 | |
Methode Electronics, Inc. | 2,000 | 37,940 | |
Miller Industries, Inc. | 2,055 | 105,113 | |
Millerknoll, Inc. | 6,026 | 123,292 | |
Motorcar Parts of America, Inc.* | 4,844 | 74,210 | |
Movado Group, Inc. | 4,419 | 173,711 | |
Murphy USA, Inc. | 357 | 192,377 | |
National Vision Holdings, Inc.* | 1,442 | 27,412 | |
Newell Brands, Inc. | 37,748 | 231,773 | |
OneWater Marine, Inc. - Class A* | 909 | 10,244 | |
OPENLANE, Inc.* | 12,273 | 506,138 | |
Oxford Industries, Inc. | 1,934 | 67,439 | |
Patrick Industries, Inc. | 1,232 | 110,609 | |
PC Connection, Inc. | 3,089 | 225,466 | |
Peloton Interactive, Inc. - Class A* | 6,010 | 35,519 | |
Penske Automotive Group, Inc. | 1,376 | 246,235 | |
Petco Health & Wellness Co., Inc.* | 29,881 | 81,276 | |
Phinia, Inc. | 3,056 | 251,723 | |
Polaris, Inc. | 2,861 | 195,807 | |
Portillo’s, Inc. - Class A* | 6,527 | 30,938 | |
PriceSmart, Inc. | 1,040 | 203,154 | |
Pursuit Attractions and Hospitality, Inc.* | 553 | 30,951 | |
PVH Corp. | 6,899 | 512,320 | |
Resideo Technologies, Inc.* | 17,513 | 544,654 | |
Rocky Brands, Inc. | 1,678 | 69,201 | |
Rush Enterprises, Inc. - Class A | 4,889 | 356,824 | |
Rush Enterprises, Inc. - Class B | 5,166 | 395,199 | |
Sally Beauty Holdings, Inc.* | 9,657 | 136,550 | |
Savers Value Village, Inc.* | 3,179 | 32,076 | |
ScanSource, Inc.* | 3,397 | 176,950 | |
Shoe Station Group, Inc. | 3,288 | 48,761 | |
Signet Jewelers Ltd. | 4,038 | 348,076 | |
SkyWest, Inc.* | 8,039 | 798,514 | |
Sonic Automotive, Inc. - Class A | 1,879 | 159,320 | |
Standard Motor Products, Inc. | 3,488 | 135,927 | |
Strattec Security Corp.* | 838 | 68,255 | |
Tapestry, Inc. | 1,310 | 191,758 | |
Taylor Morrison Home Corp.* | 13,621 | 977,171 | |
Thor Industries, Inc. | 6,275 | 471,629 | |
ThredUp, Inc.* | 5,785 | 39,627 | |
Titan Machinery, Inc.* | 1,862 | 39,325 | |
Toll Brothers, Inc. | 1,605 | 264,424 | |
| Number of Shares | Value | ||
| COMMON STOCKS (Continued) | |||
| CONSUMER, CYCLICAL (Continued) | |||
Torrid Holdings, Inc.* | 48,636 | $90,949 | |
Travel + Leisure Co. | 1,052 | 80,404 | |
Under Armour, Inc. - Class A* | 16,271 | 103,972 | |
UniFirst Corp. | 801 | 211,832 | |
Urban Outfitters, Inc.* | 5,176 | 366,771 | |
VF Corp. | 2,064 | 34,428 | |
Victoria’s Secret & Co.* | 3,459 | 288,757 | |
Visteon Corp. | 2,259 | 224,115 | |
WESCO International, Inc. | 3,387 | 1,169,971 | |
Whirlpool Corp. | 355 | 13,994 | |
Winmark Corp. | 94 | 39,770 | |
Winnebago Industries, Inc. | 2,225 | 69,509 | |
XPEL, Inc.* | 1,263 | 62,645 | |
YETI Holdings, Inc.* | 765 | 37,913 | |
Zumiez, Inc.* | 1,917 | 34,123 | |
| 26,691,588 | |||
| CONSUMER, NON-CYCLICAL — 8.4% | |||
ABM Industries, Inc. | 8,371 | 370,333 | |
Acacia Research Corp.* | 3,860 | 17,988 | |
Acadia Healthcare Co., Inc.* | 7,677 | 226,702 | |
ACCO Brands Corp. | 3,592 | 14,943 | |
AdaptHealth Corp.* | 10,424 | 108,618 | |
agilon health, Inc.* | 1,701 | 182,313 | |
Alumis, Inc.* | 1,688 | 47,500 | |
American Public Education, Inc.* | 1,437 | 77,167 | |
AMN Healthcare Services, Inc.* | 886 | 28,680 | |
Amneal Pharmaceuticals, Inc.* | 8,222 | 142,323 | |
Amphastar Pharmaceuticals, Inc.* | 1,450 | 29,261 | |
Andersons, Inc. | 7,661 | 524,012 | |
Ardent Health, Inc.* | 1,780 | 17,515 | |
Avanos Medical, Inc.* | 6,065 | 150,897 | |
Avantor, Inc.* | 2,250 | 22,275 | |
Aveanna Healthcare Holdings, Inc.* | 4,761 | 40,802 | |
Azenta, Inc.* | 4,378 | 111,727 | |
B&G Foods, Inc.1 | 8,041 | 32,003 | |
Baxter International, Inc. | 5,845 | 124,615 | |
Beta Bionics, Inc.* | 3,597 | 56,365 | |
Bicara Therapeutics, Inc.* | 1,016 | 30,165 | |
BioAge Labs, Inc.* | 3,221 | 78,947 | |
Bio-Rad Laboratories, Inc. - Class A* | 218 | 64,007 | |
Bioventus, Inc. - Class A* | 4,157 | 39,242 | |
BrightSpring Health Services, Inc.* | 1,190 | 82,991 | |
BrightView Holdings, Inc.* | 10,570 | 149,777 | |
Brookdale Senior Living, Inc.* | 8,952 | 144,038 | |
Bunge Global S.A. | 288 | 30,738 | |
Cal-Maine Foods, Inc. | 2,542 | 204,783 | |
CareDx, Inc.* | 795 | 22,657 | |
Castle Biosciences, Inc.* | 1,878 | 44,790 | |
Certara, Inc.* | 6,718 | 44,003 | |
Charles River Laboratories International, Inc.* | 841 | 190,730 | |
Clarivate PLC* | 6,981 | 15,079 | |
Coca-Cola Consolidated, Inc. | 490 | 93,551 | |
Collegium Pharmaceutical, Inc.* | 1,106 | 40,037 | |
Community Health Systems, Inc.* | 10,032 | 33,507 | |
| Number of Shares | Value | ||
| COMMON STOCKS (Continued) | |||
| CONSUMER, NON-CYCLICAL (Continued) | |||
Conagra Brands, Inc. | 4,263 | $57,380 | |
CONMED Corp. | 595 | 19,474 | |
Covista, Inc.* | 1,660 | 206,936 | |
CRISPR Therapeutics A.G.* | 671 | 36,596 | |
Cross Country Healthcare, Inc.* | 1,692 | 22,351 | |
Custom Truck One Source, Inc.* | 7,703 | 90,972 | |
Darling Ingredients, Inc.* | 1,075 | 58,716 | |
Del Monte Corp. | 9,804 | 273,630 | |
Deluxe Corp. | 4,432 | 105,836 | |
Dole PLC | 5,000 | 68,600 | |
Edgewell Personal Care Co. | 6,149 | 165,162 | |
Emergent BioSolutions, Inc.* | 5,581 | 46,769 | |
Ennis, Inc. | 5,429 | 115,366 | |
Enovis Corp.* | 4,438 | 91,867 | |
Envista Holdings Corp.* | 13,742 | 362,102 | |
First Advantage Corp.* | 1,097 | 19,801 | |
Fulgent Genetics, Inc.* | 1,506 | 30,903 | |
Graham Holdings Co. - Class B | 570 | 650,609 | |
GRAIL, Inc.* | 503 | 34,340 | |
Green Dot Corp. - Class A* | 3,793 | 51,243 | |
Grocery Outlet Holding Corp.* | 2,662 | 26,567 | |
Guardant Health, Inc.* | 1,033 | 154,981 | |
Healthcare Services Group, Inc.* | 3,511 | 86,230 | |
Helen of Troy Ltd.* | 2,668 | 77,559 | |
ICF International, Inc. | 873 | 63,607 | |
ICU Medical, Inc.* | 1,092 | 160,087 | |
Indivior Pharmaceuticals, Inc.* | 2,244 | 92,071 | |
Ingles Markets, Inc. - Class A | 3,143 | 278,407 | |
Ingredion, Inc. | 1,988 | 188,283 | |
Innoviva, Inc.* | 9,604 | 218,107 | |
Integer Holdings Corp.* | 2,887 | 269,790 | |
Integra LifeSciences Holdings Corp.* | 3,337 | 59,933 | |
Intellia Therapeutics, Inc.* | 4,506 | 76,242 | |
John B Sanfilippo & Son, Inc. | 780 | 67,072 | |
John Wiley & Sons, Inc. - Class A | 978 | 47,443 | |
Kelly Services, Inc. - Class A | 3,077 | 37,786 | |
Korn Ferry | 5,915 | 393,821 | |
Lantheus Holdings, Inc.* | 496 | 55,026 | |
Laureate Education, Inc.* | 5,311 | 192,896 | |
Ligand Pharmaceuticals, Inc.* | 879 | 277,843 | |
ManpowerGroup, Inc. | 2,479 | 83,716 | |
Matthews International Corp. - Class A | 3,513 | 94,570 | |
Mission Produce, Inc.* | 5,548 | 65,411 | |
Molina Healthcare, Inc.* | 444 | 101,543 | |
Molson Coors Beverage Co. - Class B | 941 | 36,661 | |
Monro, Inc. | 3,790 | 64,847 | |
Monte Rosa Therapeutics, Inc.* | 1,848 | 44,722 | |
Myriad Genetics, Inc.* | 9,145 | 52,218 | |
National HealthCare Corp. | 1,804 | 381,293 | |
Natural Grocers by Vitamin Cottage, Inc. | 1,104 | 34,246 | |
Neogen Corp.* | 23,974 | 215,526 | |
NeoGenomics, Inc.* | 3,756 | 54,800 | |
NPK International, Inc.* | 4,946 | 78,691 | |
Omni AB, Inc.2 | 477 | — | |
Omni AB, Inc.2 | 477 | — | |
Omnicell, Inc.* | 4,311 | 178,993 | |
| Number of Shares | Value | ||
| COMMON STOCKS (Continued) | |||
| CONSUMER, NON-CYCLICAL (Continued) | |||
OPKO Health, Inc.* | 27,647 | $41,470 | |
OraSure Technologies, Inc.* | 9,693 | 43,231 | |
Oruka Therapeutics, Inc.* | 2,742 | 260,956 | |
Pacific Biosciences of California, Inc.* | 20,896 | 35,105 | |
Pacira BioSciences, Inc.* | 4,088 | 103,713 | |
Pediatrix Medical Group, Inc.* | 6,190 | 156,793 | |
Perdoceo Education Corp. | 5,105 | 163,360 | |
Post Holdings, Inc.* | 5,833 | 514,821 | |
Prestige Consumer Healthcare, Inc.* | 4,022 | 190,120 | |
PROG Holdings, Inc. | 954 | 44,466 | |
Puma Biotechnology, Inc.* | 2,710 | 21,978 | |
Quanex Building Products Corp. | 4,385 | 81,649 | |
QuidelOrtho Corp.* | 4,374 | 76,611 | |
Repay Holdings Corp.* | 6,711 | 28,186 | |
Rigel Pharmaceuticals, Inc.* | 2,427 | 94,944 | |
Seaboard Corp. | 9 | 40,179 | |
Select Medical Holdings Corp. | 5,049 | 83,359 | |
Seneca Foods Corp. - Class A* | 1,702 | 296,046 | |
Sezzle, Inc.* | 212 | 36,386 | |
Shattuck Labs, Inc.* | 4,465 | 30,987 | |
Simply Good Foods Co.* | 2,776 | 36,865 | |
Spire Global, Inc.*1 | 1,638 | 30,467 | |
Strategic Education, Inc. | 2,882 | 220,819 | |
Stride, Inc.* | 1,506 | 129,877 | |
Supernus Pharmaceuticals, Inc.* | 5,434 | 252,735 | |
Surgery Partners, Inc.* | 6,369 | 106,999 | |
Tactile Systems Technology, Inc.* | 2,654 | 79,036 | |
Tango Therapeutics, Inc.* | 1,469 | 45,921 | |
Teleflex, Inc. | 1,595 | 202,182 | |
Theravance Biopharma, Inc.* | 2,437 | 41,429 | |
TrueBlue, Inc.* | 4,409 | 30,731 | |
U-Haul Holding Co.* | 518 | 33,898 | |
United Natural Foods, Inc.* | 9,926 | 453,320 | |
Universal Corp. | 400 | 20,868 | |
Universal Health Services, Inc. - Class B | 250 | 37,172 | |
Upbound Group, Inc. | 1,903 | 40,382 | |
Varex Imaging Corp.* | 3,752 | 39,133 | |
Vestis Corp.* | 10,615 | 154,130 | |
Viatris, Inc. | 5,073 | 80,559 | |
Village Super Market, Inc. - Class A | 4,339 | 183,019 | |
Weis Markets, Inc. | 6,364 | 498,365 | |
WillScot Holdings Corp. | 1,289 | 37,201 | |
WW International, Inc.* | 2,372 | 37,905 | |
Zevra Therapeutics, Inc.* | 3,282 | 47,064 | |
| 15,639,159 | |||
| ENERGY — 9.5% | |||
Alpha Metallurgical Resources, Inc.* | 1,568 | 258,626 | |
Alto Ingredients, Inc.* | 17,256 | 98,359 | |
Amplify Energy Corp.* | 2,889 | 11,498 | |
Antero Midstream Corp. | 8,116 | 184,639 | |
Antero Resources Corp.* | 7,392 | 259,755 | |
APA Corp. | 26,539 | 864,375 | |
Archrock, Inc. | 12,018 | 489,253 | |
Atlas Energy Solutions, Inc.1 | 1,853 | 30,778 | |
Borr Drilling Ltd.* | 5,224 | 21,575 | |
Bristow Group, Inc. | 4,070 | 168,172 | |
| Number of Shares | Value | ||
| COMMON STOCKS (Continued) | |||
| ENERGY (Continued) | |||
California Resources Corp. | 9,106 | $481,434 | |
Chord Energy Corp. | 3,359 | 383,934 | |
Civeo Corp.* | 1,342 | 46,970 | |
CNX Resources Corp.* | 19,017 | 645,247 | |
Comstock Resources, Inc.* | 15,294 | 228,186 | |
Core Natural Resources, Inc. | 2,696 | 215,734 | |
Crescent Energy Co. - Class A | 31,122 | 305,618 | |
Delek U.S. Holdings, Inc. | 4,319 | 219,448 | |
Diamondback Energy, Inc. | 2,040 | 358,591 | |
DNOW, Inc.* | 19,794 | 256,728 | |
DT Midstream, Inc. | 1,156 | 169,631 | |
EQT Corp. | 4,103 | 218,157 | |
Excelerate Energy, Inc. - Class A | 1,147 | 43,575 | |
Expro Group Holdings N.V.* | 8,738 | 129,060 | |
Forum Energy Technologies, Inc.* | 597 | 29,987 | |
FutureFuel Corp. | 11,964 | 54,077 | |
Gran Tierra Energy, Inc.* | 6,068 | 37,925 | |
Green Plains, Inc.* | 9,406 | 144,664 | |
Gulfport Energy Corp.* | 829 | 140,681 | |
Hallador Energy Co.* | 4,757 | 82,724 | |
Helix Energy Solutions Group, Inc.* | 16,801 | 146,841 | |
Helmerich & Payne, Inc. | 14,285 | 467,691 | |
HF Sinclair Corp. | 2,899 | 201,915 | |
Innovex International, Inc.* | 4,683 | 116,138 | |
Liberty Energy, Inc. | 17,933 | 469,665 | |
Magnolia Oil & Gas Corp. - Class A | 2,788 | 71,317 | |
Mammoth Energy Services, Inc.* | 1,373 | 4,462 | |
Matador Resources Co. | 14,561 | 724,847 | |
Murphy Oil Corp. | 19,418 | 632,250 | |
Nabors Industries Ltd.* | 1,225 | 102,912 | |
NACCO Industries, Inc. - Class A | 1,115 | 55,806 | |
National Energy Services Reunited Corp.* | 1,980 | 59,261 | |
Natural Gas Services Group, Inc. | 2,220 | 95,771 | |
Nextpower, Inc. - Class A* | 968 | 115,328 | |
Noble Corp. PLC | 8,576 | 319,885 | |
Northern Oil & Gas, Inc. | 7,866 | 142,768 | |
NOV, Inc. | 11,125 | 206,369 | |
Oceaneering International, Inc.* | 4,029 | 163,255 | |
Oil States International, Inc.* | 10,606 | 84,954 | |
Par Pacific Holdings, Inc.* | 4,520 | 253,482 | |
Patterson-UTI Energy, Inc. | 46,525 | 427,100 | |
PBF Energy, Inc. - Class A | 12,492 | 568,636 | |
Peabody Energy Corp. | 14,579 | 337,066 | |
Permian Resources Corp. - Class A | 27,234 | 501,378 | |
ProFrac Holding Corp. - Class A* | 15,593 | 90,595 | |
ProPetro Holding Corp.* | 14,202 | 203,657 | |
Range Resources Corp. | 8,679 | 322,772 | |
Ranger Energy Services, Inc. - Class A | 3,595 | 57,556 | |
REX American Resources Corp.* | 6,601 | 298,035 | |
Ring Energy, Inc.* | 16,921 | 18,275 | |
RPC, Inc. | 21,838 | 127,316 | |
SandRidge Energy, Inc. | 2,104 | 28,825 | |
Seadrill Ltd.* | 4,921 | 186,112 | |
Select Water Solutions, Inc. | 9,538 | 190,569 | |
SM Energy Co. | 21,525 | 561,803 | |
| Number of Shares | Value | ||
| COMMON STOCKS (Continued) | |||
| ENERGY (Continued) | |||
Smart Sand, Inc. | 7,637 | $38,261 | |
SolarEdge Technologies, Inc.* | 1,588 | 92,803 | |
Summit Midstream Corp.* | 2,296 | 65,390 | |
SunCoke Energy, Inc. | 13,317 | 107,202 | |
Sunrun, Inc.* | 8,907 | 119,176 | |
Talos Energy, Inc.* | 21,800 | 281,438 | |
TechnipFMC PLC | 10,955 | 726,317 | |
TETRA Technologies, Inc.* | 2,477 | 28,064 | |
Tidewater, Inc.* | 731 | 48,707 | |
Transocean Ltd.* | 104,385 | 510,443 | |
VAALCO Energy, Inc. | 15,945 | 81,001 | |
Valaris Ltd.* | 2,927 | 212,500 | |
Warrior Met Coal, Inc. | 3,268 | 265,231 | |
| 17,510,546 | |||
| FINANCIAL — 29.0% | |||
1st Source Corp. | 5,572 | 454,564 | |
ACNB Corp. | 1,380 | 81,944 | |
Alerus Financial Corp. | 1,879 | 58,437 | |
Ally Financial, Inc. | 813 | 37,357 | |
Amalgamated Financial Corp. | 1,836 | 84,272 | |
Amerant Bancorp, Inc. | 2,123 | 54,179 | |
Ameris Bancorp | 8,312 | 750,241 | |
Arrow Financial Corp. | 300 | 12,297 | |
Associated Banc-Corp | 24,022 | 739,157 | |
Assured Guaranty Ltd. | 8,741 | 700,679 | |
Atlantic Union Bankshares Corp. | 20,502 | 867,440 | |
Atlanticus Holdings Corp.* | 525 | 53,681 | |
Axis Capital Holdings Ltd. | 5,837 | 627,127 | |
Axos Financial, Inc.* | 3,342 | 325,477 | |
Banc of California, Inc. | 6,254 | 127,769 | |
BancFirst Corp. | 484 | 53,787 | |
Bancorp, Inc.* | 643 | 40,278 | |
Bank of Hawaii Corp. | 1,551 | 126,391 | |
Bank of Marin Bancorp | 1,900 | 52,630 | |
Bank of NT Butterfield & Son Ltd. | 1,990 | 118,405 | |
Bank OZK | 15,676 | 816,563 | |
Bank7 Corp. | 770 | 37,692 | |
BankUnited, Inc. | 12,473 | 604,317 | |
Banner Corp. | 5,336 | 354,524 | |
Bar Harbor Bankshares | 1,790 | 67,590 | |
BayCom Corp. | 600 | 19,740 | |
Beacon Financial Corp. | 14,325 | 436,196 | |
Bread Financial Holdings, Inc. | 7,283 | 789,113 | |
Bridgewater Bancshares, Inc.* | 2,910 | 61,226 | |
Brighthouse Financial, Inc.* | 5,851 | 370,368 | |
Burke & Herbert Financial Services Corp. | 1,153 | 82,855 | |
Business First Bancshares, Inc. | 3,541 | 108,815 | |
Byline Bancorp, Inc. | 6,100 | 229,726 | |
C&F Financial Corp. | 710 | 56,800 | |
Camden National Corp. | 1,798 | 97,488 | |
Capital City Bank Group, Inc. | 1,190 | 58,810 | |
Capitol Federal Financial, Inc. | 8,924 | 75,943 | |
Carter Bankshares, Inc. | 4,802 | 163,316 | |
Cathay General Bancorp | 10,267 | 636,451 | |
| Number of Shares | Value | ||
| COMMON STOCKS (Continued) | |||
| FINANCIAL (Continued) | |||
Central Pacific Financial Corp. | 1,800 | $68,760 | |
Citizens, Inc.* | 13,147 | 75,464 | |
City Holding Co. | 1,310 | 173,758 | |
Cleanspark, Inc.* | 6,527 | 94,968 | |
CNB Financial Corp. | 3,380 | 113,940 | |
CNO Financial Group, Inc. | 10,693 | 545,129 | |
Columbia Banking System, Inc. | 31,982 | 1,025,023 | |
Community Financial System, Inc. | 1,172 | 78,665 | |
Community Trust Bancorp, Inc. | 1,470 | 106,369 | |
Community West Bancshares | 1,800 | 48,348 | |
Compass, Inc.* | 15,103 | 186,220 | |
ConnectOne Bancorp, Inc. | 6,934 | 231,873 | |
Consumer Portfolio Services, Inc.* | 3,384 | 32,470 | |
Core Scientific, Inc.* | 1,953 | 49,977 | |
Corebridge Financial, Inc. | 1,500 | 42,945 | |
Cushman & Wakefield Ltd.* | 21,563 | 288,729 | |
Customers Bancorp, Inc.* | 3,931 | 310,942 | |
CVB Financial Corp. | 9,316 | 210,076 | |
Dave, Inc.* | 140 | 52,163 | |
Dime Commercial Bancshares, Inc. | 5,709 | 232,071 | |
Donegal Group, Inc. - Class A | 2,505 | 47,244 | |
Eagle Bancorp, Inc. | 3,373 | 95,760 | |
Employers Holdings, Inc. | 3,282 | 165,675 | |
Enact Holdings, Inc. | 5,583 | 255,199 | |
Encore Capital Group, Inc.* | 2,586 | 241,248 | |
Enova International, Inc.* | 770 | 185,362 | |
Enterprise Financial Services Corp. | 4,315 | 284,272 | |
Esquire Financial Holdings, Inc. | 677 | 80,637 | |
Essent Group Ltd. | 9,590 | 616,445 | |
Evercore, Inc. - Class A | 281 | 95,945 | |
EZCORP, Inc. - Class A* | 9,145 | 316,143 | |
F&G Annuities & Life, Inc. | 1,331 | 35,391 | |
FB Financial Corp. | 1,720 | 95,202 | |
Fifth Third Bancorp | 2,194 | 123,676 | |
Financial Institutions, Inc. | 2,980 | 116,131 | |
First American Financial Corp. | 2,641 | 181,146 | |
First BanCorp/Puerto Rico | 31,861 | 830,616 | |
First Bancorp/Southern Pines NC | 1,579 | 100,946 | |
First Bank/Hamilton NJ | 1,170 | 20,744 | |
First Busey Corp. | 9,885 | 291,608 | |
First Business Financial Services, Inc. | 1,100 | 69,487 | |
First Commonwealth Financial Corp. | 15,857 | 322,373 | |
First Community Bankshares, Inc. | 1,129 | 50,150 | |
First Financial Bancorp | 19,988 | 676,194 | |
First Financial Corp. | 1,821 | 141,018 | |
First Hawaiian, Inc. | 1,640 | 48,052 | |
First Horizon Corp. | 12,962 | 332,346 | |
First Interstate BancSystem, Inc. - Class A | 7,224 | 278,557 | |
First Merchants Corp. | 6,962 | 304,170 | |
First Mid Bancshares, Inc. | 2,812 | 135,229 | |
First National Corp. | 1,560 | 46,831 | |
FNB Corp. | 38,057 | 726,128 | |
Franklin Financial Services Corp. | 611 | 38,249 | |
FRP Holdings, Inc.* | 868 | 21,691 | |
FS Bancorp, Inc. | 620 | 26,908 | |
| Number of Shares | Value | ||
| COMMON STOCKS (Continued) | |||
| FINANCIAL (Continued) | |||
Fulton Financial Corp. | 30,252 | $731,796 | |
Genworth Financial, Inc.* | 57,129 | 541,012 | |
German American Bancorp, Inc. | 1,000 | 47,460 | |
Glacier Bancorp, Inc. | 1,630 | 84,075 | |
Great Southern Bancorp, Inc. | 1,301 | 102,011 | |
Greenlight Capital Re Ltd. - Class A* | 4,287 | 69,364 | |
Hancock Whitney Corp. | 18,074 | 1,350,489 | |
Hanmi Financial Corp. | 8,080 | 261,792 | |
Hanover Insurance Group, Inc. | 477 | 102,135 | |
Happen, Inc.* | 7,380 | 153,061 | |
HBT Financial, Inc. | 1,300 | 41,587 | |
Heritage Financial Corp. | 3,982 | 117,947 | |
Heritage Insurance Holdings, Inc.* | 1,402 | 36,564 | |
Hilltop Holdings, Inc. | 11,531 | 447,172 | |
Home Bancorp, Inc. | 940 | 64,409 | |
HomeTrust Bancshares, Inc. | 1,000 | 49,890 | |
Hope Bancorp, Inc. | 17,176 | 234,968 | |
Horace Mann Educators Corp. | 4,616 | 238,416 | |
Horizon Bancorp, Inc. | 3,741 | 74,745 | |
Howard Hughes Holdings, Inc.* | 3,468 | 247,927 | |
Huntington Bancshares, Inc. | 16,671 | 295,577 | |
Hut 8 Corp.* | 164 | 18,933 | |
Independent Bank Corp. | 3,020 | 108,931 | |
Independent Bank Corp. | 4,105 | 343,671 | |
International Bancshares Corp. | 9,524 | 723,348 | |
Invesco Ltd. | 26,393 | 696,511 | |
Investar Holding Corp. | 1,000 | 29,960 | |
Jackson Financial, Inc. - Class A | 9,409 | 963,388 | |
Janus Henderson Group PLC | 8,639 | 448,796 | |
Jones Lang LaSalle, Inc.* | 516 | 159,934 | |
Lincoln National Corp. | 3,482 | 123,089 | |
MARA Holdings, Inc.* | 2,670 | 37,086 | |
McGrath RentCorp | 353 | 42,724 | |
Mercantile Bank Corp. | 3,880 | 222,790 | |
Merchants Bancorp | 797 | 39,850 | |
Mercury General Corp. | 1,094 | 116,642 | |
Metropolitan Bank Holding Corp. | 560 | 55,306 | |
MGIC Investment Corp. | 33,774 | 952,427 | |
Mid Penn Bancorp, Inc. | 1,340 | 46,686 | |
Midland States Bancorp, Inc. | 2,338 | 72,805 | |
Navient Corp. | 14,573 | 124,016 | |
NBT Bancorp, Inc. | 2,276 | 112,366 | |
Nelnet, Inc. - Class A | 5,050 | 673,317 | |
Newmark Group, Inc. - Class A | 7,128 | 107,704 | |
Nicolet Bankshares, Inc. | 444 | 73,433 | |
NMI Holdings, Inc.* | 6,553 | 269,263 | |
Northeast Bank | 889 | 117,819 | |
Northfield Bancorp, Inc. | 2,999 | 44,175 | |
Northrim BanCorp, Inc. | 4,165 | 115,537 | |
Northwest Bancshares, Inc. | 19,541 | 296,242 | |
Oak Valley Bancorp | 1,610 | 54,329 | |
OceanFirst Financial Corp. | 10,801 | 210,944 | |
OFG Bancorp | 10,614 | 520,829 | |
Old National Bancorp | 40,696 | 1,054,026 | |
Old Second Bancorp, Inc. | 2,780 | 64,830 | |
OneMain Holdings, Inc. | 967 | 58,958 | |
| Number of Shares | Value | ||
| COMMON STOCKS (Continued) | |||
| FINANCIAL (Continued) | |||
Oppenheimer Holdings, Inc. - Class A | 1,362 | $143,746 | |
Orrstown Financial Services, Inc. | 2,317 | 94,603 | |
Park National Corp. | 185 | 33,853 | |
Pathward Financial, Inc. | 2,329 | 202,763 | |
PCB Bancorp | 3,540 | 100,430 | |
Peapack-Gladstone Financial Corp. | 2,485 | 117,615 | |
Pelagos Insurance Capital Ltd. | 4,984 | 121,360 | |
PennyMac Financial Services, Inc. | 1,324 | 115,320 | |
Peoples Bancorp of North Carolina, Inc. | 300 | 12,927 | |
Peoples Bancorp, Inc. | 6,923 | 265,912 | |
Peoples Financial Services Corp. | 1,290 | 85,617 | |
Pinnacle Financial Partners, Inc. | 4,065 | 410,077 | |
Piper Sandler Cos. | 1,380 | 99,829 | |
Popular, Inc. | 7,664 | 1,258,276 | |
PRA Group, Inc.* | 1,803 | 34,239 | |
Preferred Bank/Los Angeles CA | 3,270 | 347,470 | |
Primerica, Inc. | 221 | 62,808 | |
Primis Financial Corp. | 2,444 | 40,008 | |
Provident Financial Holdings, Inc. | 1,180 | 20,296 | |
Provident Financial Services, Inc. | 19,480 | 460,507 | |
QCR Holdings, Inc. | 1,447 | 140,865 | |
Radian Group, Inc. | 12,900 | 485,943 | |
Regional Management Corp. | 1,108 | 45,650 | |
Renasant Corp. | 11,697 | 497,590 | |
Republic Bancorp, Inc. - Class A | 1,879 | 169,918 | |
Riot Platforms, Inc.* | 2,277 | 62,344 | |
S&T Bancorp, Inc. | 5,553 | 272,541 | |
Safety Insurance Group, Inc. | 424 | 31,741 | |
Seacoast Banking Corp. of Florida | 1,966 | 65,370 | |
Sierra Bancorp | 2,330 | 94,971 | |
Simmons First National Corp. - Class A | 16,097 | 364,597 | |
SiriusPoint Ltd.* | 13,499 | 323,976 | |
SLM Corp. | 1,811 | 46,977 | |
SmartFinancial, Inc. | 2,450 | 114,954 | |
Southside Bancshares, Inc. | 2,196 | 77,277 | |
SOUTHSTATE BANK Corp. | 7,948 | 794,005 | |
Stellar Bancorp, Inc. | 2,529 | 99,440 | |
Stewart Information Services Corp. | 1,685 | 111,244 | |
Stifel Financial Corp. | 708 | 49,397 | |
Stock Yards Bancorp, Inc. | 530 | 40,529 | |
StoneX Group, Inc.* | 3,837 | 454,685 | |
Stratus Properties, Inc.* | 799 | 22,971 | |
Texas Capital Bancshares, Inc. | 7,200 | 743,472 | |
Third Coast Bancshares, Inc.* | 540 | 21,816 | |
Timberland Bancorp, Inc. | 1,578 | 70,710 | |
Tiptree, Inc. | 2,388 | 42,793 | |
Tompkins Financial Corp. | 899 | 84,974 | |
Towne Bank/Portsmouth VA | 2,010 | 72,842 | |
TriCo Bancshares | 2,357 | 126,924 | |
TrustCo Bank Corp. NY | 3,330 | 182,850 | |
Trustmark Corp. | 9,097 | 418,553 | |
UMB Financial Corp. | 2,772 | 395,731 | |
United Bankshares, Inc. | 11,352 | 520,262 | |
United Community Banks, Inc. | 7,632 | 267,807 | |
United Fire Group, Inc. | 3,469 | 181,914 | |
Unity Bancorp, Inc. | 400 | 23,476 | |
| Number of Shares | Value | ||
| COMMON STOCKS (Continued) | |||
| FINANCIAL (Continued) | |||
Universal Insurance Holdings, Inc. | 1,688 | $69,816 | |
Univest Financial Corp. | 5,460 | 238,875 | |
Unum Group | 1,827 | 163,334 | |
Valley National Bancorp | 49,910 | 731,182 | |
Virtu Financial, Inc. - Class A | 1,770 | 105,439 | |
Voya Financial, Inc. | 200 | 18,106 | |
WaFd, Inc. | 12,572 | 482,388 | |
Washington Trust Bancorp, Inc. | 2,490 | 90,835 | |
Waterstone Financial, Inc. | 2,914 | 60,407 | |
Webster Financial Corp. | 9,285 | 709,560 | |
WesBanco, Inc. | 16,254 | 634,394 | |
Westamerica BanCorp | 1,630 | 95,632 | |
Western Alliance Bancorp | 2,876 | 236,407 | |
Western New England Bancorp, Inc. | 3,159 | 45,174 | |
White Mountains Insurance Group Ltd. | 282 | 584,696 | |
Wintrust Financial Corp. | 4,702 | 755,705 | |
World Acceptance Corp.* | 605 | 135,417 | |
WSFS Financial Corp. | 7,331 | 562,508 | |
Zions Bancorp N.A. | 4,010 | 277,452 | |
| 53,737,462 | |||
| INDUSTRIAL — 20.7% | |||
AAR Corp.* | 2,520 | 360,184 | |
Alamo Group, Inc. | 196 | 32,240 | |
Apogee Enterprises, Inc. | 1,083 | 49,536 | |
Applied Industrial Technologies, Inc. | 68 | 22,994 | |
ArcBest Corp. | 3,553 | 509,998 | |
Ardmore Shipping Corp. | 5,938 | 83,191 | |
Argan, Inc. | 302 | 241,162 | |
Arrow Electronics, Inc.* | 2,175 | 464,167 | |
Aspen Aerogels, Inc.* | 5,258 | 33,336 | |
Astec Industries, Inc. | 3,234 | 197,888 | |
Astronics Corp.* | 711 | 57,776 | |
Astronics Corp. - Class B* | 142 | 10,807 | |
ATI, Inc.* | 3,510 | 691,821 | |
Atkore, Inc. | 1,265 | 96,191 | |
Avient Corp. | 9,936 | 367,235 | |
Avnet, Inc. | 16,371 | 1,454,072 | |
AZZ, Inc. | 1,325 | 205,441 | |
Bel Fuse, Inc. - Class B | 972 | 323,715 | |
Benchmark Electronics, Inc. | 6,346 | 626,160 | |
Boise Cascade Co. | 3,676 | 285,368 | |
CECO Environmental Corp.* | 963 | 87,383 | |
ChargePoint Holdings, Inc.*1 | 4,668 | 27,588 | |
Chart Industries, Inc.* | 386 | 80,651 | |
Clearwater Paper Corp.* | 1,517 | 23,787 | |
Coherent Corp.* | 1,204 | 474,942 | |
Columbus McKinnon Corp. | 2,812 | 42,546 | |
Comfort Systems USA, Inc. | 138 | 273,509 | |
Concrete Pumping Holdings, Inc.* | 5,975 | 71,999 | |
Core Molding Technologies, Inc.* | 1,390 | 32,804 | |
Costamare, Inc. | 15,518 | 217,562 | |
Covenant Logistics Group, Inc. | 4,220 | 186,440 | |
DHT Holdings, Inc. | 26,190 | 432,921 | |
Dorian LPG Ltd. | 6,043 | 210,176 | |
Ducommun, Inc.* | 1,733 | 320,969 | |
DXP Enterprises, Inc.* | 1,015 | 171,271 | |
| Number of Shares | Value | ||
| COMMON STOCKS (Continued) | |||
| INDUSTRIAL (Continued) | |||
Dycom Industries, Inc.* | 127 | $64,210 | |
Eastman Kodak Co.* | 2,419 | 22,376 | |
EMCOR Group, Inc. | 379 | 314,524 | |
Energy Services of America Corp. | 1,668 | 32,259 | |
EnerSys | 1,578 | 368,968 | |
Enpro, Inc. | 1,422 | 535,994 | |
Enviri Corp.* | 4,273 | 93,792 | |
Esab Corp. | 990 | 97,644 | |
ESCO Technologies, Inc. | 1,339 | 468,704 | |
Everus Construction Group, Inc.* | 918 | 152,342 | |
Federal Signal Corp. | 1,227 | 157,657 | |
Flowserve Corp. | 1,197 | 88,769 | |
Fluor Corp.* | 1,068 | 55,952 | |
Frontdoor, Inc.* | 1,478 | 114,678 | |
Frontline PLC | 3,929 | 136,690 | |
GATX Corp. | 3,735 | 661,805 | |
Genco Shipping & Trading Ltd. | 6,987 | 173,138 | |
Gencor Industries, Inc.* | 1,623 | 24,215 | |
Gibraltar Industries, Inc.* | 2,813 | 126,866 | |
Granite Construction, Inc. | 2,574 | 406,898 | |
Greenbrier Cos., Inc. | 6,079 | 297,932 | |
Greif, Inc. - Class A | 5,036 | 375,132 | |
Griffon Corp. | 1,627 | 158,681 | |
GXO Logistics, Inc.* | 6,954 | 352,568 | |
Heartland Express, Inc. | 10,592 | 161,210 | |
Helios Technologies, Inc. | 1,311 | 117,007 | |
Hillman Solutions Corp.* | 4,490 | 37,896 | |
Himalaya Shipping Ltd. | 2,964 | 39,599 | |
Hub Group, Inc. - Class A | 10,903 | 477,442 | |
Hyster-Yale, Inc. | 587 | 20,580 | |
Ichor Holdings Ltd.* | 1,892 | 212,434 | |
IES Holdings, Inc.* | 180 | 132,239 | |
Insteel Industries, Inc. | 2,027 | 61,215 | |
International Seaways, Inc. | 8,508 | 651,628 | |
Kennametal, Inc. | 9,423 | 330,276 | |
Kimball Electronics, Inc.* | 4,422 | 113,203 | |
Kirby Corp.* | 5,791 | 787,402 | |
Knight-Swift Transportation Holdings, Inc. | 4,181 | 325,574 | |
Knowles Corp.* | 11,257 | 466,940 | |
L B Foster Co. - Class A* | 1,544 | 69,742 | |
Latham Group, Inc.* | 3,100 | 20,057 | |
LSB Industries, Inc.* | 3,569 | 38,581 | |
Luxfer Holdings PLC | 1,954 | 35,250 | |
Manitowoc Co., Inc.* | 5,071 | 70,436 | |
Marten Transport Ltd. | 15,250 | 264,587 | |
Masterbrand, Inc.* | 24,064 | 247,619 | |
Materion Corp. | 931 | 276,870 | |
Matson, Inc. | 5,232 | 1,005,747 | |
Mayville Engineering Co., Inc.* | 2,969 | 111,219 | |
Mesa Laboratories, Inc. | 384 | 38,227 | |
Metallus, Inc.* | 7,602 | 142,081 | |
Middleby Corp.* | 226 | 38,874 | |
Mistras Group, Inc.* | 4,331 | 75,663 | |
Modine Manufacturing Co.* | 3,108 | 829,898 | |
Mohawk Industries, Inc.* | 4,357 | 528,635 | |
| Number of Shares | Value | ||
| COMMON STOCKS (Continued) | |||
| INDUSTRIAL (Continued) | |||
Mueller Industries, Inc. | 4,004 | $492,212 | |
Myers Industries, Inc. | 2,540 | 89,687 | |
MYR Group, Inc.* | 487 | 243,695 | |
National Presto Industries, Inc. | 656 | 81,993 | |
NLI Holdings, Inc. | 4,863 | 28,935 | |
Nordic American Tankers Ltd. | 34,951 | 193,629 | |
nVent Electric PLC | 2,507 | 425,212 | |
NWPX Infrastructure, Inc.* | 1,646 | 246,801 | |
O-I Glass, Inc.* | 11,355 | 109,349 | |
Orion Group Holdings, Inc.* | 4,212 | 70,846 | |
Outdoor Holding Co.* | 9,218 | 21,017 | |
PAMT Corp.* | 3,811 | 53,392 | |
Pangaea Logistics Solutions Ltd. | 6,330 | 41,145 | |
Park-Ohio Holdings Corp. | 1,238 | 47,601 | |
Plexus Corp.* | 1,673 | 503,021 | |
Primoris Services Corp. | 3,697 | 366,447 | |
Proto Labs, Inc.* | 2,508 | 204,427 | |
Radiant Logistics, Inc.* | 7,106 | 67,223 | |
Regal Rexnord Corp. | 560 | 133,386 | |
RXO, Inc.* | 1,139 | 31,425 | |
Ryder System, Inc. | 2,241 | 591,109 | |
Ryerson Holding Corp. | 1,562 | 38,441 | |
Safe Bulkers, Inc. | 8,456 | 53,357 | |
Sanmina Corp.* | 6,871 | 1,738,913 | |
Schneider National, Inc. - Class B | 11,394 | 416,223 | |
Scorpio Tankers, Inc. | 7,022 | 486,344 | |
Sensata Technologies Holding PLC | 9,585 | 457,588 | |
SFL Corp. Ltd. | 17,253 | 175,981 | |
Silgan Holdings, Inc. | 917 | 42,540 | |
Smith & Wesson Brands, Inc. | 3,853 | 57,949 | |
SPX Technologies, Inc.* | 997 | 244,434 | |
Standex International Corp. | 155 | 55,439 | |
Stanley Black & Decker, Inc. | 3,036 | 285,748 | |
Sterling Infrastructure, Inc.* | 612 | 513,688 | |
Stoneridge, Inc.* | 3,580 | 26,206 | |
Sturm Ruger & Co., Inc. | 937 | 35,465 | |
TD SYNNEX Corp. | 1,794 | 479,608 | |
Teekay Corp. Ltd. | 12,884 | 128,840 | |
Teekay Tankers Ltd. - Class A | 5,417 | 351,401 | |
Terex Corp. | 5,636 | 407,990 | |
Timken Co. | 1,790 | 260,123 | |
TriMas Corp. | 5,801 | 261,219 | |
Trinity Industries, Inc. | 10,999 | 380,345 | |
TTM Technologies, Inc.* | 14,569 | 2,724,694 | |
Tutor Perini Corp. | 4,141 | 343,579 | |
Twin Disc, Inc. | 1,545 | 35,844 | |
UFP Industries, Inc. | 1,430 | 129,758 | |
Vishay Intertechnology, Inc. | 18,075 | 972,073 | |
Watts Water Technologies, Inc. - Class A | 357 | 139,748 | |
Werner Enterprises, Inc. | 8,683 | 378,666 | |
Willis Lease Finance Corp. | 1,657 | 379,122 | |
World Kinect Corp. | 7,018 | 231,173 | |
Worthington Enterprises, Inc. | 1,848 | 99,348 | |
Worthington Steel, Inc. | 2,811 | 94,393 | |
| 38,246,547 | |||
| Number of Shares | Value | ||
| COMMON STOCKS (Continued) | |||
| TECHNOLOGY — 3.8% | |||
ACI Worldwide, Inc.* | 417 | $20,971 | |
Adeia, Inc. | 682 | 22,458 | |
Alpha & Omega Semiconductor Ltd.* | 4,205 | 199,023 | |
Amkor Technology, Inc. | 24,376 | 2,101,943 | |
Amtech Systems, Inc.* | 2,665 | 61,508 | |
AstroNova, Inc.* | 2,000 | 56,940 | |
Axcelis Technologies, Inc.* | 451 | 85,442 | |
Bandwidth, Inc. - Class A* | 5,707 | 361,253 | |
Cerence, Inc.* | 2,312 | 26,172 | |
Cirrus Logic, Inc.* | 111 | 16,487 | |
Cohu, Inc.* | 2,666 | 197,044 | |
Concentrix Corp. | 3,327 | 74,541 | |
Consensus Cloud Solutions, Inc.* | 1,182 | 45,093 | |
Daily Journal Corp.* | 30 | 18,036 | |
Diebold Nixdorf, Inc.* | 1,403 | 119,283 | |
Digi International, Inc.* | 1,553 | 116,397 | |
Diodes, Inc.* | 5,142 | 562,741 | |
DXC Technology Co.* | 7,570 | 66,995 | |
FormFactor, Inc.* | 1,144 | 182,960 | |
GigaCloud Technology, Inc. - Class A* | 1,357 | 42,881 | |
Insight Enterprises, Inc.* | 423 | 51,521 | |
IPG Photonics Corp.* | 2,776 | 325,680 | |
Kulicke & Soffa Industries, Inc. | 150 | 20,064 | |
LiveRamp Holdings, Inc.* | 884 | 33,274 | |
MaxLinear, Inc.* | 4,938 | 632,212 | |
NetScout Systems, Inc.* | 10,547 | 459,322 | |
Penguin Solutions, Inc.* | 1,500 | 114,015 | |
Photronics, Inc.* | 7,676 | 249,700 | |
Rackspace Technology, Inc.* | 5,822 | 38,018 | |
Richardson Electronics Ltd./United States | 2,318 | 44,065 | |
Semtech Corp.* | 122 | 19,746 | |
Skyworks Solutions, Inc. | 550 | 37,290 | |
Talkspace, Inc.* | 7,311 | 38,017 | |
Ultra Clean Holdings, Inc.* | 1,378 | 196,489 | |
V2X, Inc.* | 465 | 34,670 | |
Veeco Instruments, Inc.* | 1,374 | 104,149 | |
Vishay Precision Group, Inc.* | 1,822 | 273,136 | |
| 7,049,536 | |||
| UTILITIES — 0.7% | |||
Ameresco, Inc. - Class A* | 2,271 | 62,680 | |
Black Hills Corp. | 822 | 61,157 | |
Clearway Energy, Inc. - Class C | 1,463 | 50,005 | |
H2O America | 601 | 36,523 | |
MDU Resources Group, Inc. | 13,558 | 287,565 | |
New Jersey Resources Corp. | 5,639 | 316,009 | |
NRG Energy, Inc. | 2,003 | 292,558 | |
ONE Gas, Inc. | 569 | 43,853 | |
Otter Tail Corp. | 659 | 59,297 | |
Pinnacle West Capital Corp. | 360 | 38,520 | |
Portland General Electric Co. | 1,517 | 78,626 | |
UGI Corp. | 1,652 | 57,060 | |
| 1,383,853 | |||
| TOTAL COMMON STOCKS | |||
(Cost $96,423,374) | 173,413,905 | ||
| Number of Shares | Value | ||
| EXCHANGE-TRADED FUNDS — 2.3% | |||
Direxion Daily Homebuilders & Supplies Bull 3X ETF | 864 | $44,919 | |
| Direxion Daily S&P Biotech Bull 3X ETF | 200 | 58,420 | |
Direxion Daily Semiconductor Bull 3X ETF | 788 | 210,168 | |
Direxion Daily Small Cap Bull 3X ETF1 | 12,938 | 971,773 | |
iShares Russell 2000 Value ETF | 4,376 | 967,971 | |
iShares S&P Small-Cap 600 Value ETF | 2,010 | 274,727 | |
ProShares UltraPro Russell2000 - ETF1 | 10,016 | 874,797 | |
State Street SPDR S&P Regional Banking ETF | 10,309 | 771,629 | |
| TOTAL EXCHANGE-TRADED FUNDS | |||
(Cost $2,220,538) | 4,174,404 | ||
| PREFERRED STOCKS — 0.0% | |||
| COMMUNICATIONS — 0.0% | |||
Liberty Latin America Ltd. 9.00%3,4 | 2,041 | 44,269 | |
| CONSUMER, CYCLICAL — 0.0% | |||
QVC Group, Inc. 8.00%, 3/15/2031*3 | 274 | 1,411 | |
| TOTAL PREFERRED STOCKS | |||
(Cost $71,093) | 45,680 | ||
| WARRANTS — 0.0% | |||
| CONSUMER, NON-CYCLICAL — 0.0% | |||
Regulus Therapeutics Inc., Expiration Date: December 30, 2026*2 | 9,881 | — | |
TreeHouse Foods, Inc., Expiration Date: February 11, 2027*2 | 5,799 | — | |
| — | |||
| FINANCIAL — 0.0% | |||
Opendoor Technologies, Inc. Series A, Expiration Date: November 20, 2026* | 104 | 29 | |
Opendoor Technologies, Inc. Series K, Expiration Date: November 20, 2026* | 104 | 52 | |
Opendoor Technologies, Inc. Series Z, Expiration Date: November 20, 2026* | 104 | 25 | |
| 106 | |||
| TOTAL WARRANTS | |||
(Cost $0) | 106 | ||
| MONEY MARKET INVESTMENTS — 4.7% | |||
Fidelity Investments Money Market Government Portfolio - Class III, 3.23%5 | 6,845,768 | 6,845,768 | |
Invesco Government & Agency Portfolio, 3.64%5,6 | 1,809,645 | 1,809,645 | |
| Number of Shares | Value | ||
| MONEY MARKET INVESTMENTS (Continued) | |||
| TOTAL MONEY MARKET INVESTMENTS | |||
(Cost $8,655,413) | 8,655,413 | ||
| TOTAL INVESTMENTS — 100.6% | |||
(Cost $107,370,418) | 186,289,508 | ||
Liabilities less other assets — (0.6)% | (1,112,901) | ||
TOTAL NET ASSETS — 100.0% | $185,176,607 | ||
| PLC – Public Limited Company |
| *Non-income producing security. |
| 1All or a portion of shares are on loan. Total loaned securities had a fair value of $1,768,901 at June 30, 2026. |
| 2Security valued at fair value as determined by the investment adviser under the supervision of the Board of Trustees. Value determined using significant unobservable inputs. |
| 3Callable. |
| 4Perpetual security; maturity date is not applicable. |
| 5Variable rate security; the rate shown represents the 7-day yield at June 30, 2026. |
| 6Investments purchased with cash proceeds from securities lending. Total collateral had a fair value of $1,809,645 at June 30, 2026. |