American Century Investments®
Quarterly Portfolio Holdings
Avantis U.S. Small Cap Equity Fund
November 30, 2024
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| Avantis U.S. Small Cap Equity Fund - Schedule of Investments |
| NOVEMBER 30, 2024 (UNAUDITED) |
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| Shares | Value ($) |
| COMMON STOCKS — 99.3% | | |
| Aerospace and Defense — 0.3% | | |
AerSale Corp.(1) | 366 | | 2,306 | |
Astronics Corp.(1) | 93 | | 1,502 | |
| Cadre Holdings, Inc. | 872 | | 29,116 | |
Ducommun, Inc.(1) | 477 | | 31,959 | |
Mercury Systems, Inc.(1) | 120 | | 4,936 | |
| National Presto Industries, Inc. | 205 | | 16,342 | |
| Park Aerospace Corp. | 602 | | 9,217 | |
| | 95,378 | |
| Air Freight and Logistics — 0.6% | | |
Air Transport Services Group, Inc.(1) | 2,626 | | 57,667 | |
| Hub Group, Inc., Class A | 2,319 | | 119,753 | |
Radiant Logistics, Inc.(1) | 1,748 | | 13,075 | |
| | 190,495 | |
| Automobile Components — 2.2% | | |
Adient PLC(1) | 1,364 | | 26,230 | |
American Axle & Manufacturing Holdings, Inc.(1) | 3,429 | | 22,666 | |
| Dana, Inc. | 4,168 | | 41,680 | |
Gentherm, Inc.(1) | 1,205 | | 50,730 | |
Goodyear Tire & Rubber Co.(1) | 2,759 | | 29,632 | |
Holley, Inc.(1) | 999 | | 2,837 | |
| LCI Industries | 503 | | 60,767 | |
Motorcar Parts of America, Inc.(1) | 16 | | 117 | |
| Patrick Industries, Inc. | 772 | | 103,749 | |
| Phinia, Inc. | 1,814 | | 101,729 | |
QuantumScape Corp.(1)(2) | 12,459 | | 65,161 | |
| Standard Motor Products, Inc. | 742 | | 24,397 | |
Stoneridge, Inc.(1) | 554 | | 3,800 | |
Visteon Corp.(1) | 1,073 | | 100,186 | |
XPEL, Inc.(1) | 422 | | 18,357 | |
| | 652,038 | |
| Automobiles — 0.2% | | |
| Winnebago Industries, Inc. | 848 | | 49,642 | |
| Banks — 21.3% | | |
| 1st Source Corp. | 26 | | 1,687 | |
| Amalgamated Financial Corp. | 718 | | 25,582 | |
| Amerant Bancorp, Inc. | 1,393 | | 34,644 | |
| Arrow Financial Corp. | 418 | | 13,786 | |
| Banc of California, Inc. | 4,971 | | 85,650 | |
Bancorp, Inc.(1) | 2,071 | | 121,009 | |
| Bank First Corp. | 295 | | 31,527 | |
| Bank of Hawaii Corp. | 1,428 | | 112,783 | |
| Bank of Marin Bancorp | 629 | | 15,901 | |
| Bank of NT Butterfield & Son Ltd. | 1,820 | | 69,033 | |
| BankUnited, Inc. | 3,175 | | 133,572 | |
| Banner Corp. | 1,372 | | 102,338 | |
| Bar Harbor Bankshares | 497 | | 17,887 | |
| Berkshire Hills Bancorp, Inc. | 1,638 | | 49,926 | |
Blue Ridge Bankshares, Inc.(1) | 1,661 | | 5,863 | |
| Brookline Bancorp, Inc. | 3,177 | | 39,998 | |
| | | | | | | | |
| Burke & Herbert Financial Services Corp. | 481 | | 33,324 | |
| Business First Bancshares, Inc. | 1,032 | | 29,412 | |
| Byline Bancorp, Inc. | 1,041 | | 32,708 | |
California BanCorp(1) | 854 | | 15,304 | |
| Camden National Corp. | 541 | | 25,487 | |
| Capital City Bank Group, Inc. | 300 | | 11,808 | |
Carter Bankshares, Inc.(1) | 574 | | 10,722 | |
| Central Pacific Financial Corp. | 1,163 | | 37,123 | |
ChoiceOne Financial Services, Inc.(2) | 320 | | 11,994 | |
| City Holding Co. | 522 | | 68,549 | |
| Civista Bancshares, Inc. | 545 | | 12,470 | |
| CNB Financial Corp. | 597 | | 16,662 | |
Coastal Financial Corp.(1) | 449 | | 34,371 | |
Columbia Financial, Inc.(1) | 955 | | 17,410 | |
| Community Trust Bancorp, Inc. | 585 | | 34,503 | |
| Community West Bancshares | 533 | | 11,683 | |
| ConnectOne Bancorp, Inc. | 1,509 | | 41,498 | |
CrossFirst Bankshares, Inc.(1) | 1,674 | | 28,977 | |
Customers Bancorp, Inc.(1) | 1,091 | | 61,587 | |
| CVB Financial Corp. | 4,782 | | 111,994 | |
| Dime Community Bancshares, Inc. | 1,485 | | 53,282 | |
| Eagle Bancorp, Inc. | 1,080 | | 31,709 | |
| Eastern Bankshares, Inc. | 611 | | 11,389 | |
| Enterprise Financial Services Corp. | 1,502 | | 91,006 | |
| Equity Bancshares, Inc., Class A | 478 | | 22,939 | |
| Esquire Financial Holdings, Inc. | 291 | | 22,608 | |
| Evans Bancorp, Inc. | 215 | | 9,548 | |
| Farmers National Banc Corp. | 1,100 | | 17,215 | |
| FB Financial Corp. | 1,405 | | 79,312 | |
| Financial Institutions, Inc. | 476 | | 12,928 | |
| First Bancorp/Southern Pines NC | 1,557 | | 73,646 | |
| First Bancshares, Inc. | 1,198 | | 44,494 | |
| First Busey Corp. | 1,997 | | 53,300 | |
| First Business Financial Services, Inc. | 221 | | 11,077 | |
| First Commonwealth Financial Corp. | 4,074 | | 76,713 | |
| First Community Bankshares, Inc. | 461 | | 21,284 | |
| First Financial Bancorp | 3,437 | | 101,495 | |
| First Financial Corp. | 402 | | 19,634 | |
| First Financial Northwest, Inc. | 257 | | 5,808 | |
| First Foundation, Inc. | 2,579 | | 20,503 | |
| First Internet Bancorp | 293 | | 12,286 | |
| First Merchants Corp. | 2,081 | | 91,044 | |
| First Mid Bancshares, Inc. | 819 | | 34,406 | |
| First of Long Island Corp. | 841 | | 12,169 | |
| Five Star Bancorp | 346 | | 11,401 | |
| Flushing Financial Corp. | 1,036 | | 18,379 | |
| FS Bancorp, Inc. | 102 | | 4,865 | |
| German American Bancorp, Inc. | 937 | | 42,146 | |
| Great Southern Bancorp, Inc. | 229 | | 14,672 | |
| Greene County Bancorp, Inc. | 22 | | 669 | |
| Hanmi Financial Corp. | 1,220 | | 32,269 | |
| HarborOne Bancorp, Inc. | 1,594 | | 20,531 | |
| Heartland Financial USA, Inc. | 1,588 | | 107,301 | |
| Heritage Commerce Corp. | 2,320 | | 24,638 | |
| Heritage Financial Corp. | 1,340 | | 35,443 | |
| | | | | | | | |
| Hilltop Holdings, Inc. | 1,663 | | 52,634 | |
| Hingham Institution For Savings | 71 | | 20,111 | |
| HomeTrust Bancshares, Inc. | 601 | | 22,291 | |
| Hope Bancorp, Inc. | 4,242 | | 57,776 | |
| Horizon Bancorp, Inc. | 1,748 | | 31,971 | |
| Independent Bank Corp. | 1,515 | | 109,671 | |
| Independent Bank Corp. (Michigan) | 884 | | 33,265 | |
| Independent Bank Group, Inc. | 1,571 | | 105,131 | |
| Kearny Financial Corp. | 2,066 | | 16,363 | |
| Lakeland Financial Corp. | 903 | | 66,334 | |
| Live Oak Bancshares, Inc. | 1,242 | | 58,871 | |
| Mercantile Bank Corp. | 607 | | 30,380 | |
| Metrocity Bankshares, Inc. | 425 | | 14,595 | |
Metropolitan Bank Holding Corp.(1) | 459 | | 29,808 | |
| Mid Penn Bancorp, Inc. | 371 | | 11,891 | |
| Midland States Bancorp, Inc. | 755 | | 20,272 | |
| MidWestOne Financial Group, Inc. | 611 | | 20,132 | |
| National Bank Holdings Corp., Class A | 1,449 | | 69,175 | |
| NBT Bancorp, Inc. | 1,900 | | 95,228 | |
| Nicolet Bankshares, Inc. | 457 | | 50,910 | |
| Northeast Bank | 265 | | 26,089 | |
| Northfield Bancorp, Inc. | 1,569 | | 20,993 | |
| Northrim BanCorp, Inc. | 233 | | 19,821 | |
| Northwest Bancshares, Inc. | 4,952 | | 72,695 | |
| OceanFirst Financial Corp. | 2,082 | | 43,056 | |
| OFG Bancorp | 1,851 | | 84,072 | |
| Old Second Bancorp, Inc. | 1,728 | | 32,141 | |
| Orange County Bancorp, Inc. | 100 | | 5,964 | |
| Origin Bancorp, Inc. | 1,079 | | 37,074 | |
| Orrstown Financial Services, Inc. | 774 | | 30,573 | |
| Pacific Premier Bancorp, Inc. | 3,422 | | 97,185 | |
| Park National Corp. | 433 | | 82,426 | |
| Pathward Financial, Inc. | 1,060 | | 88,913 | |
| Peapack-Gladstone Financial Corp. | 575 | | 20,781 | |
| Peoples Bancorp, Inc. | 1,241 | | 43,534 | |
Ponce Financial Group, Inc.(1) | 805 | | 10,409 | |
| Preferred Bank | 465 | | 43,863 | |
| Premier Financial Corp. | 1,429 | | 39,598 | |
| Provident Financial Services, Inc. | 5,261 | | 111,112 | |
| QCR Holdings, Inc. | 439 | | 40,436 | |
| RBB Bancorp | 174 | | 4,152 | |
| Renasant Corp. | 2,258 | | 84,946 | |
| Republic Bancorp, Inc., Class A | 128 | | 9,763 | |
| S&T Bancorp, Inc. | 1,583 | | 67,737 | |
| Sandy Spring Bancorp, Inc. | 1,912 | | 72,044 | |
| Seacoast Banking Corp. of Florida | 3,019 | | 90,449 | |
| Shore Bancshares, Inc. | 943 | | 15,512 | |
| Sierra Bancorp | 132 | | 4,154 | |
| Simmons First National Corp., Class A | 4,443 | | 108,676 | |
| SmartFinancial, Inc. | 605 | | 21,937 | |
| South Plains Financial, Inc. | 504 | | 19,601 | |
| Southern Missouri Bancorp, Inc. | 404 | | 26,523 | |
| Southside Bancshares, Inc. | 1,115 | | 39,159 | |
| Stellar Bancorp, Inc. | 1,667 | | 51,694 | |
| Stock Yards Bancorp, Inc. | 1,098 | | 83,580 | |
| | | | | | | | |
Texas Capital Bancshares, Inc.(1) | 144 | | 12,737 | |
Third Coast Bancshares, Inc.(1) | 300 | | 10,650 | |
| Tompkins Financial Corp. | 446 | | 34,034 | |
| Towne Bank | 2,556 | | 93,626 | |
| TriCo Bancshares | 1,087 | | 52,546 | |
Triumph Financial, Inc.(1) | 777 | | 83,209 | |
| TrustCo Bank Corp. | 739 | | 27,520 | |
| Trustmark Corp. | 2,138 | | 83,617 | |
| Univest Financial Corp. | 1,234 | | 39,192 | |
| Veritex Holdings, Inc. | 2,059 | | 62,614 | |
| WaFd, Inc. | 3,379 | | 123,604 | |
| Washington Trust Bancorp, Inc. | 653 | | 24,252 | |
| WesBanco, Inc. | 2,036 | | 71,952 | |
| Westamerica BanCorp | 947 | | 54,197 | |
| WSFS Financial Corp. | 2,222 | | 133,364 | |
| | 6,225,466 | |
| Beverages — 0.3% | | |
Duckhorn Portfolio, Inc.(1) | 123 | | 1,353 | |
| MGP Ingredients, Inc. | 566 | | 26,195 | |
Vita Coco Co., Inc.(1) | 1,497 | | 53,203 | |
| | 80,751 | |
| Biotechnology — 4.0% | | |
2seventy bio, Inc.(1)(2) | 1,346 | | 5,371 | |
4D Molecular Therapeutics, Inc.(1) | 249 | | 1,952 | |
89bio, Inc.(1) | 2,385 | | 21,441 | |
Absci Corp.(1)(2) | 1,566 | | 4,776 | |
ACELYRIN, Inc.(1) | 1,287 | | 5,856 | |
Acrivon Therapeutics, Inc.(1)(2) | 713 | | 5,405 | |
Acumen Pharmaceuticals, Inc.(1) | 120 | | 272 | |
Adverum Biotechnologies, Inc.(1) | 103 | | 684 | |
Agios Pharmaceuticals, Inc.(1) | 203 | | 12,056 | |
Akero Therapeutics, Inc.(1) | 2,417 | | 77,586 | |
Aldeyra Therapeutics, Inc.(1) | 2,503 | | 12,265 | |
Alector, Inc.(1) | 2,645 | | 6,851 | |
Allogene Therapeutics, Inc.(1) | 1,352 | | 3,353 | |
Altimmune, Inc.(1)(2) | 1,799 | | 15,417 | |
Anika Therapeutics, Inc.(1) | 541 | | 9,587 | |
Annexon, Inc.(1) | 3,591 | | 19,355 | |
Arcturus Therapeutics Holdings, Inc.(1)(2) | 350 | | 6,419 | |
Arcus Biosciences, Inc.(1) | 1,921 | | 29,660 | |
Astria Therapeutics, Inc.(1) | 1,853 | | 19,253 | |
Aura Biosciences, Inc.(1) | 1,096 | | 10,204 | |
Aurinia Pharmaceuticals, Inc.(1) | 2,525 | | 22,371 | |
Beam Therapeutics, Inc.(1) | 2,234 | | 61,145 | |
Biomea Fusion, Inc.(1)(2) | 585 | | 4,235 | |
Black Diamond Therapeutics, Inc.(1) | 1,544 | | 4,092 | |
C4 Therapeutics, Inc.(1) | 1,225 | | 5,574 | |
Cargo Therapeutics, Inc.(1)(2) | 1,386 | | 25,197 | |
Catalyst Pharmaceuticals, Inc.(1) | 2,170 | | 47,892 | |
Climb Bio, Inc.(1) | 28 | | 90 | |
Corvus Pharmaceuticals, Inc.(1) | 2,323 | | 21,116 | |
Cullinan Therapeutics, Inc.(1) | 1,728 | | 23,242 | |
Design Therapeutics, Inc.(1) | 1,069 | | 6,414 | |
Dianthus Therapeutics, Inc.(1) | 93 | | 2,231 | |
Dynavax Technologies Corp.(1) | 221 | | 2,842 | |
| | | | | | | | |
Editas Medicine, Inc.(1) | 428 | | 959 | |
Emergent BioSolutions, Inc.(1)(2) | 2,594 | | 26,251 | |
Enanta Pharmaceuticals, Inc.(1) | 354 | | 3,044 | |
Entrada Therapeutics, Inc.(1) | 1,154 | | 22,953 | |
Erasca, Inc.(1) | 9,198 | | 26,306 | |
Fate Therapeutics, Inc.(1) | 319 | | 1,011 | |
Gyre Therapeutics, Inc.(1) | 100 | | 1,251 | |
Inovio Pharmaceuticals, Inc.(1) | 93 | | 402 | |
Inozyme Pharma, Inc.(1) | 1,964 | | 5,322 | |
Intellia Therapeutics, Inc.(1) | 2,478 | | 38,706 | |
iTeos Therapeutics, Inc.(1) | 1,232 | | 10,534 | |
Jasper Therapeutics, Inc.(1) | 47 | | 1,072 | |
Kodiak Sciences, Inc.(1) | 97 | | 647 | |
Korro Bio, Inc.(1) | 51 | | 2,655 | |
Larimar Therapeutics, Inc.(1) | 1,554 | | 9,837 | |
LENZ Therapeutics, Inc.(2) | 803 | | 28,587 | |
MiMedx Group, Inc.(1) | 4,310 | | 39,867 | |
Mineralys Therapeutics, Inc.(1) | 923 | | 11,787 | |
Monte Rosa Therapeutics, Inc.(1) | 1,060 | | 10,982 | |
Nkarta, Inc.(1) | 404 | | 1,159 | |
Organogenesis Holdings, Inc.(1) | 1,584 | | 6,130 | |
ORIC Pharmaceuticals, Inc.(1) | 2,197 | | 21,750 | |
PepGen, Inc.(1)(2) | 53 | | 268 | |
Praxis Precision Medicines, Inc.(1) | 662 | | 53,073 | |
Protagonist Therapeutics, Inc.(1) | 2,732 | | 119,662 | |
Prothena Corp. PLC(1) | 1,317 | | 21,349 | |
Puma Biotechnology, Inc.(1) | 127 | | 431 | |
Pyxis Oncology, Inc.(1) | 525 | | 1,055 | |
REGENXBIO, Inc.(1) | 381 | | 3,780 | |
Relay Therapeutics, Inc.(1) | 5,914 | | 27,796 | |
Replimune Group, Inc.(1) | 2,567 | | 36,143 | |
Rezolute, Inc.(1) | 2,164 | | 10,907 | |
Sage Therapeutics, Inc.(1) | 79 | | 432 | |
Sagimet Biosciences, Inc., Class A(1) | 39 | | 222 | |
Solid Biosciences, Inc.(1) | 423 | | 2,411 | |
Sutro Biopharma, Inc.(1) | 2,956 | | 7,833 | |
Tango Therapeutics, Inc.(1) | 2,985 | | 11,761 | |
Tenaya Therapeutics, Inc.(1)(2) | 247 | | 882 | |
Tourmaline Bio, Inc.(1) | 312 | | 8,124 | |
Tyra Biosciences, Inc.(1)(2) | 69 | | 1,082 | |
Vanda Pharmaceuticals, Inc.(1) | 2,150 | | 11,072 | |
Verve Therapeutics, Inc.(1) | 1,062 | | 5,958 | |
Vir Biotechnology, Inc.(1) | 3,450 | | 27,462 | |
Voyager Therapeutics, Inc.(1) | 847 | | 5,810 | |
Werewolf Therapeutics, Inc.(1) | 99 | | 198 | |
Xencor, Inc.(1) | 2,297 | | 58,803 | |
Zentalis Pharmaceuticals, Inc.(1) | 136 | | 491 | |
| | 1,182,421 | |
| Broadline Retail — 0.2% | | |
1stdibs.com, Inc.(1) | 113 | | 440 | |
ContextLogic, Inc., Class A(1)(2) | 922 | | 6,592 | |
Groupon, Inc.(1) | 917 | | 8,601 | |
Kohl's Corp.(2) | 3,746 | | 56,078 | |
Savers Value Village, Inc.(1) | 48 | | 449 | |
| | 72,160 | |
| | |
| | | | | | | | |
| Building Products — 1.6% | | |
American Woodmark Corp.(1) | 489 | | 44,391 | |
| Apogee Enterprises, Inc. | 843 | | 70,989 | |
| AZZ, Inc. | 1,108 | | 103,199 | |
Gibraltar Industries, Inc.(1) | 1,150 | | 83,306 | |
| Insteel Industries, Inc. | 729 | | 21,491 | |
Janus International Group, Inc.(1) | 2,295 | | 17,167 | |
JELD-WEN Holding, Inc.(1) | 1,023 | | 11,141 | |
Masterbrand, Inc.(1) | 4,787 | | 82,815 | |
| Quanex Building Products Corp. | 1,319 | | 39,253 | |
| | 473,752 | |
| Capital Markets — 1.3% | | |
| Diamond Hill Investment Group, Inc. | 97 | | 16,039 | |
| DigitalBridge Group, Inc. | 1,774 | | 23,239 | |
Donnelley Financial Solutions, Inc.(1) | 951 | | 57,298 | |
| Federated Hermes, Inc. | 259 | | 11,072 | |
Open Lending Corp., Class A(1) | 3,533 | | 22,540 | |
| Oppenheimer Holdings, Inc., Class A | 384 | | 23,697 | |
StoneX Group, Inc.(1) | 1,043 | | 108,222 | |
| Virtus Investment Partners, Inc. | 231 | | 57,050 | |
| WisdomTree, Inc. | 4,966 | | 59,344 | |
| | 378,501 | |
| Chemicals — 2.6% | | |
| AdvanSix, Inc. | 1,009 | | 32,762 | |
| American Vanguard Corp. | 56 | | 337 | |
Arq, Inc.(1) | 1,189 | | 9,167 | |
Ecovyst, Inc.(1) | 1,072 | | 8,522 | |
| Hawkins, Inc. | 878 | | 118,100 | |
Ingevity Corp.(1) | 842 | | 40,896 | |
| Innospec, Inc. | 947 | | 112,324 | |
Intrepid Potash, Inc.(1) | 434 | | 11,766 | |
| Koppers Holdings, Inc. | 301 | | 11,576 | |
| Kronos Worldwide, Inc. | 834 | | 9,433 | |
LSB Industries, Inc.(1) | 1,900 | | 16,777 | |
| Mativ Holdings, Inc. | 2,112 | | 27,773 | |
| Minerals Technologies, Inc. | 1,228 | | 100,168 | |
| Northern Technologies International Corp. | 28 | | 390 | |
| Orion SA | 875 | | 16,117 | |
PureCycle Technologies, Inc.(1)(2) | 4,164 | | 55,360 | |
| Quaker Chemical Corp. | 461 | | 72,700 | |
Rayonier Advanced Materials, Inc.(1) | 3,024 | | 26,641 | |
| Stepan Co. | 801 | | 61,597 | |
| Tronox Holdings PLC, Class A | 2,553 | | 30,891 | |
| | 763,297 | |
| Commercial Services and Supplies — 2.3% | | |
| ACCO Brands Corp. | 3,666 | | 21,336 | |
Acme United Corp.(2) | 9 | | 401 | |
| Aris Water Solutions, Inc., Class A | 1,115 | | 29,994 | |
BrightView Holdings, Inc.(1) | 2,385 | | 40,783 | |
CECO Environmental Corp.(1) | 1,046 | | 33,524 | |
| Civeo Corp. | 528 | | 12,345 | |
| Deluxe Corp. | 1,647 | | 38,161 | |
Driven Brands Holdings, Inc.(1) | 1,665 | | 28,055 | |
| Ennis, Inc. | 1,016 | | 21,671 | |
Healthcare Services Group, Inc.(1) | 2,813 | | 34,712 | |
| | | | | | | | |
| HNI Corp. | 1,786 | | 101,177 | |
| Interface, Inc. | 2,245 | | 59,605 | |
Liquidity Services, Inc.(1) | 874 | | 22,348 | |
| Matthews International Corp., Class A | 1,104 | | 33,297 | |
| MillerKnoll, Inc. | 2,609 | | 65,590 | |
| Steelcase, Inc., Class A | 3,433 | | 46,243 | |
| Vestis Corp. | 3,125 | | 50,250 | |
Viad Corp.(1) | 767 | | 34,300 | |
| Virco Mfg. Corp. | 583 | | 9,573 | |
| | 683,365 | |
| Communications Equipment — 0.9% | | |
ADTRAN Holdings, Inc.(1) | 2,669 | | 22,686 | |
Applied Optoelectronics, Inc.(1) | 1,409 | | 58,079 | |
Aviat Networks, Inc.(1) | 235 | | 3,720 | |
Clearfield, Inc.(1) | 486 | | 14,872 | |
Comtech Telecommunications Corp.(1) | 1,027 | | 3,481 | |
Infinera Corp.(1) | 628 | | 4,151 | |
Lantronix, Inc.(1) | 1,170 | | 3,510 | |
NETGEAR, Inc.(1) | 1,064 | | 26,174 | |
Viasat, Inc.(1) | 4,435 | | 41,379 | |
Viavi Solutions, Inc.(1) | 8,236 | | 81,866 | |
| | 259,918 | |
| Construction and Engineering — 1.1% | | |
Ameresco, Inc., Class A(1) | 1,450 | | 40,847 | |
| Argan, Inc. | 630 | | 98,242 | |
Centuri Holdings, Inc.(1) | 472 | | 9,350 | |
Great Lakes Dredge & Dock Corp.(1) | 2,581 | | 32,598 | |
Limbach Holdings, Inc.(1) | 457 | | 45,467 | |
Matrix Service Co.(1) | 78 | | 1,034 | |
MYR Group, Inc.(1) | 53 | | 8,369 | |
Northwest Pipe Co.(1) | 399 | | 22,370 | |
Orion Group Holdings, Inc.(1) | 817 | | 7,124 | |
Tutor Perini Corp.(1) | 2,044 | | 55,556 | |
| | 320,957 | |
| Construction Materials — 0.2% | | |
Smith-Midland Corp.(1)(2) | 8 | | 393 | |
| U.S. Lime & Minerals, Inc. | 451 | | 69,003 | |
| | 69,396 | |
| Consumer Finance — 2.1% | | |
| Bread Financial Holdings, Inc. | 2,216 | | 130,367 | |
Dave, Inc.(1) | 298 | | 29,407 | |
Encore Capital Group, Inc.(1) | 807 | | 39,692 | |
Enova International, Inc.(1) | 947 | | 99,918 | |
EZCORP, Inc., Class A(1) | 1,812 | | 23,193 | |
Green Dot Corp., Class A(1) | 2,199 | | 22,584 | |
LendingClub Corp.(1) | 4,430 | | 73,715 | |
LendingTree, Inc.(1) | 427 | | 18,878 | |
Moneylion, Inc.(1) | 22 | | 2,017 | |
| Navient Corp. | 2,867 | | 44,668 | |
| OppFi, Inc. | 800 | | 6,528 | |
PRA Group, Inc.(1) | 1,239 | | 26,267 | |
| PROG Holdings, Inc. | 1,742 | | 84,766 | |
World Acceptance Corp.(1) | 85 | | 10,278 | |
| | 612,278 | |
| | |
| | | | | | | | |
| Consumer Staples Distribution & Retail — 1.5% | | |
| Andersons, Inc. | 1,152 | | 54,997 | |
Chefs' Warehouse, Inc.(1) | 1,348 | | 60,269 | |
| Ingles Markets, Inc., Class A | 578 | | 42,714 | |
| Natural Grocers by Vitamin Cottage, Inc. | 587 | | 27,618 | |
| PriceSmart, Inc. | 991 | | 88,932 | |
| SpartanNash Co. | 1,408 | | 26,724 | |
United Natural Foods, Inc.(1) | 2,755 | | 68,407 | |
| Village Super Market, Inc., Class A | 349 | | 11,297 | |
| Weis Markets, Inc. | 645 | | 46,975 | |
| | 427,933 | |
| Containers and Packaging — 0.4% | | |
| Myers Industries, Inc. | 455 | | 5,278 | |
O-I Glass, Inc.(1) | 4,634 | | 58,388 | |
| Pactiv Evergreen, Inc. | 588 | | 7,979 | |
| TriMas Corp. | 1,445 | | 38,177 | |
| | 109,822 | |
| Distributors — 0.1% | | |
| A-Mark Precious Metals, Inc. | 717 | | 21,725 | |
| Diversified Consumer Services — 1.7% | | |
Adtalem Global Education, Inc.(1) | 1,621 | | 148,175 | |
American Public Education, Inc.(1) | 651 | | 13,424 | |
| Carriage Services, Inc. | 544 | | 22,059 | |
Coursera, Inc.(1) | 598 | | 4,754 | |
European Wax Center, Inc., Class A(1)(2) | 194 | | 1,166 | |
Laureate Education, Inc., Class A(1) | 4,848 | | 92,112 | |
Lincoln Educational Services Corp.(1) | 83 | | 1,364 | |
Mister Car Wash, Inc.(1) | 3,523 | | 28,184 | |
| Perdoceo Education Corp. | 2,566 | | 70,437 | |
| Strategic Education, Inc. | 851 | | 84,087 | |
Universal Technical Institute, Inc.(1) | 1,679 | | 43,436 | |
| | 509,198 | |
| Diversified Telecommunication Services — 0.3% | | |
| ATN International, Inc. | 219 | | 4,332 | |
Consolidated Communications Holdings, Inc.(1) | 2,519 | | 11,764 | |
| IDT Corp., Class B | 66 | | 3,408 | |
Liberty Latin America Ltd., Class A(1) | 1,271 | | 8,846 | |
Liberty Latin America Ltd., Class C(1) | 5,257 | | 36,326 | |
| Shenandoah Telecommunications Co. | 2,049 | | 27,313 | |
| | 91,989 | |
| Electric Utilities — 0.3% | | |
| Genie Energy Ltd., Class B | 802 | | 12,239 | |
Hawaiian Electric Industries, Inc.(1) | 6,103 | | 63,410 | |
| | 75,649 | |
| Electrical Equipment — 0.7% | | |
| Allient, Inc. | 114 | | 2,961 | |
Array Technologies, Inc.(1) | 228 | | 1,530 | |
Blink Charging Co.(1)(2) | 707 | | 1,124 | |
| LSI Industries, Inc. | 85 | | 1,737 | |
Plug Power, Inc.(1)(2) | 5,318 | | 11,912 | |
| Powell Industries, Inc. | 35 | | 9,358 | |
| Preformed Line Products Co. | 136 | | 18,499 | |
Shoals Technologies Group, Inc., Class A(1) | 1,017 | | 5,309 | |
Sunrun, Inc.(1) | 8,641 | | 99,631 | |
Thermon Group Holdings, Inc.(1) | 1,258 | | 39,702 | |
| | | | | | | | |
Ultralife Corp.(1) | 37 | | 284 | |
| | 192,047 | |
| Electronic Equipment, Instruments and Components — 2.8% | | |
908 Devices, Inc.(1) | 76 | | 208 | |
Aeva Technologies, Inc.(1) | 157 | | 722 | |
| Bel Fuse, Inc., Class A | 63 | | 6,090 | |
| Bel Fuse, Inc., Class B | 401 | | 32,152 | |
| Benchmark Electronics, Inc. | 1,598 | | 77,487 | |
| CTS Corp. | 1,134 | | 62,268 | |
Daktronics, Inc.(1) | 1,604 | | 24,702 | |
ePlus, Inc.(1) | 1,044 | | 84,418 | |
Evolv Technologies Holdings, Inc.(1) | 3,127 | | 12,664 | |
FARO Technologies, Inc.(1) | 600 | | 15,750 | |
Kimball Electronics, Inc.(1) | 797 | | 15,629 | |
Knowles Corp.(1) | 3,282 | | 63,868 | |
| Methode Electronics, Inc. | 959 | | 10,472 | |
M-Tron Industries, Inc.(1) | 95 | | 6,228 | |
| Napco Security Technologies, Inc. | 1,248 | | 48,959 | |
nLight, Inc.(1) | 1,712 | | 18,592 | |
Ouster, Inc.(1) | 137 | | 1,353 | |
| PC Connection, Inc. | 465 | | 33,750 | |
| Richardson Electronics Ltd. | 16 | | 225 | |
Rogers Corp.(1) | 689 | | 71,367 | |
ScanSource, Inc.(1) | 892 | | 44,966 | |
SmartRent, Inc.(1) | 288 | | 510 | |
TTM Technologies, Inc.(1) | 4,013 | | 97,837 | |
| Vishay Intertechnology, Inc. | 4,818 | | 92,024 | |
Vishay Precision Group, Inc.(1) | 213 | | 4,893 | |
| | 827,134 | |
| Energy Equipment and Services — 2.5% | | |
Atlas Energy Solutions, Inc.(2) | 2,435 | | 57,393 | |
Bristow Group, Inc.(1) | 1,119 | | 42,768 | |
| Core Laboratories, Inc. | 1,752 | | 35,653 | |
DMC Global, Inc.(1) | 148 | | 1,191 | |
| Energy Services of America Corp. | 427 | | 6,870 | |
Expro Group Holdings NV(1) | 3,994 | | 55,477 | |
Forum Energy Technologies, Inc.(1) | 358 | | 5,459 | |
Geospace Technologies Corp.(1) | 16 | | 172 | |
Helix Energy Solutions Group, Inc.(1) | 5,008 | | 53,536 | |
Innovex International, Inc.(1) | 545 | | 8,867 | |
KLX Energy Services Holdings, Inc.(1) | 401 | | 2,418 | |
| Kodiak Gas Services, Inc. | 1,308 | | 52,896 | |
| Liberty Energy, Inc., Class A | 2,520 | | 46,368 | |
Nabors Industries Ltd.(1) | 214 | | 15,714 | |
Natural Gas Services Group, Inc.(1) | 343 | | 9,522 | |
Newpark Resources, Inc.(1) | 3,121 | | 26,092 | |
Oceaneering International, Inc.(1) | 3,903 | | 117,012 | |
Oil States International, Inc.(1) | 1,302 | | 7,161 | |
ProFrac Holding Corp., Class A(1)(2) | 61 | | 553 | |
ProPetro Holding Corp.(1) | 3,523 | | 29,593 | |
| Ranger Energy Services, Inc. | 45 | | 743 | |
| RPC, Inc. | 2,487 | | 16,016 | |
SEACOR Marine Holdings, Inc.(1) | 430 | | 2,954 | |
Seadrill Ltd.(1) | 1,397 | | 56,774 | |
| Select Water Solutions, Inc., Class A | 3,657 | | 54,014 | |
| | | | | | | | |
| Solaris Energy Infrastructure, Inc., Class A | 1,260 | | 31,059 | |
TETRA Technologies, Inc.(1) | 368 | | 1,417 | |
| | 737,692 | |
| Entertainment — 0.6% | | |
Cinemark Holdings, Inc.(1) | 367 | | 12,669 | |
IMAX Corp.(1) | 1,910 | | 50,271 | |
Lions Gate Entertainment Corp., Class A(1) | 1,142 | | 9,410 | |
Lions Gate Entertainment Corp., Class B(1) | 2,413 | | 17,784 | |
| Marcus Corp. | 946 | | 21,417 | |
Sphere Entertainment Co.(1)(2) | 1,053 | | 43,331 | |
Vivid Seats, Inc., Class A(1)(2) | 2,189 | | 7,837 | |
| | 162,719 | |
| Financial Services — 1.8% | | |
Acacia Research Corp.(1) | 1,380 | | 6,279 | |
| Alerus Financial Corp. | 512 | | 11,284 | |
| Cannae Holdings, Inc. | 2,037 | | 44,203 | |
| Cass Information Systems, Inc. | 480 | | 21,538 | |
| EVERTEC, Inc. | 1,854 | | 66,744 | |
| Federal Agricultural Mortgage Corp., Class C | 334 | | 71,299 | |
I3 Verticals, Inc., Class A(1) | 806 | | 19,989 | |
International Money Express, Inc.(1) | 796 | | 16,772 | |
loanDepot, Inc., Class A(1) | 2,452 | | 5,517 | |
Marqeta, Inc., Class A(1) | 13,574 | | 52,667 | |
| Merchants Bancorp | 731 | | 30,176 | |
NCR Atleos Corp.(1) | 3,035 | | 99,578 | |
NewtekOne, Inc.(2) | 870 | | 12,615 | |
NMI Holdings, Inc., Class A(1) | 263 | | 10,517 | |
Payoneer Global, Inc.(1) | 886 | | 9,666 | |
Paysafe Ltd.(1) | 1,327 | | 26,381 | |
Repay Holdings Corp.(1) | 1,826 | | 14,754 | |
Velocity Financial, Inc.(1) | 316 | | 6,465 | |
| | 526,444 | |
| Food Products — 1.4% | | |
| B&G Foods, Inc. | 2,506 | | 16,740 | |
BRC, Inc., Class A(1)(2) | 1,734 | | 5,445 | |
| Calavo Growers, Inc. | 667 | | 18,483 | |
| Dole PLC | 3,294 | | 49,641 | |
| Fresh Del Monte Produce, Inc. | 1,522 | | 51,367 | |
Hain Celestial Group, Inc.(1) | 3,693 | | 30,541 | |
| John B Sanfilippo & Son, Inc. | 290 | | 25,042 | |
Lifeway Foods, Inc.(1) | 165 | | 4,034 | |
| Limoneira Co. | 698 | | 19,404 | |
Mama's Creations, Inc.(1) | 1,567 | | 15,310 | |
Mission Produce, Inc.(1) | 1,719 | | 22,863 | |
Seneca Foods Corp., Class A(1) | 183 | | 13,194 | |
TreeHouse Foods, Inc.(1) | 1,698 | | 58,309 | |
Vital Farms, Inc.(1) | 1,101 | | 36,553 | |
| WK Kellogg Co. | 2,411 | | 50,149 | |
| | 417,075 | |
| Gas Utilities — 0.6% | | |
| Chesapeake Utilities Corp. | 843 | | 111,065 | |
| Northwest Natural Holding Co. | 1,476 | | 64,678 | |
| Star Group LP | 45 | | 570 | |
| | 176,313 | |
| | |
| | | | | | | | |
| Ground Transportation — 0.9% | | |
| ArcBest Corp. | 538 | | 62,021 | |
| Covenant Logistics Group, Inc. | 308 | | 17,889 | |
| Heartland Express, Inc. | 1,720 | | 21,964 | |
| Marten Transport Ltd. | 2,262 | | 39,314 | |
| Universal Logistics Holdings, Inc. | 273 | | 14,226 | |
| Werner Enterprises, Inc. | 2,355 | | 96,272 | |
| | 251,686 | |
| Health Care Equipment and Supplies — 2.3% | | |
AngioDynamics, Inc.(1) | 1,505 | | 10,430 | |
Artivion, Inc.(1) | 1,286 | | 37,963 | |
Avanos Medical, Inc.(1) | 1,865 | | 35,733 | |
Bioventus, Inc., Class A(1) | 1,649 | | 20,266 | |
Butterfly Network, Inc.(1) | 6,230 | | 20,497 | |
| CONMED Corp. | 1,142 | | 84,554 | |
Electromed, Inc.(1) | 213 | | 6,556 | |
Inogen, Inc.(1) | 1,109 | | 10,768 | |
| iRadimed Corp. | 303 | | 16,341 | |
Kewaunee Scientific Corp.(1) | 101 | | 4,215 | |
LivaNova PLC(1) | 2,076 | | 108,990 | |
Nevro Corp.(1) | 12 | | 55 | |
Omnicell, Inc.(1) | 79 | | 3,681 | |
OraSure Technologies, Inc.(1) | 1,260 | | 4,788 | |
Orthofix Medical, Inc.(1) | 1,372 | | 26,795 | |
OrthoPediatrics Corp.(1) | 608 | | 15,796 | |
Pro-Dex, Inc.(1)(2) | 82 | | 4,182 | |
Pulmonx Corp.(1) | 35 | | 226 | |
QuidelOrtho Corp.(1) | 2,145 | | 87,945 | |
Sensus Healthcare, Inc.(1) | 575 | | 4,893 | |
Sight Sciences, Inc.(1) | 94 | | 375 | |
Tactile Systems Technology, Inc.(1) | 895 | | 17,488 | |
Treace Medical Concepts, Inc.(1)(2) | 62 | | 528 | |
UFP Technologies, Inc.(1) | 313 | | 101,074 | |
| Utah Medical Products, Inc. | 128 | | 8,352 | |
Varex Imaging Corp.(1) | 581 | | 9,691 | |
Zimvie, Inc.(1) | 1,067 | | 15,749 | |
Zynex, Inc.(1)(2) | 182 | | 1,514 | |
| | 659,445 | |
| Health Care Providers and Services — 2.7% | | |
Accolade, Inc.(1) | 98 | | 378 | |
AdaptHealth Corp.(1) | 3,617 | | 36,279 | |
Addus HomeCare Corp.(1) | 733 | | 90,042 | |
AMN Healthcare Services, Inc.(1) | 994 | | 25,874 | |
Astrana Health, Inc.(1) | 1,313 | | 56,787 | |
BrightSpring Health Services, Inc.(1)(2) | 2,219 | | 42,827 | |
Brookdale Senior Living, Inc.(1) | 7,373 | | 41,879 | |
Castle Biosciences, Inc.(1) | 1,203 | | 36,427 | |
Clover Health Investments Corp.(1) | 17,329 | | 60,305 | |
Cross Country Healthcare, Inc.(1) | 765 | | 8,231 | |
DocGo, Inc.(1) | 3,247 | | 14,060 | |
Fulgent Genetics, Inc.(1)(2) | 770 | | 14,091 | |
Joint Corp.(1) | 41 | | 477 | |
ModivCare, Inc.(1) | 492 | | 9,245 | |
| National HealthCare Corp. | 615 | | 76,998 | |
| National Research Corp. | 146 | | 2,870 | |
| | | | | | | | |
Nutex Health, Inc.(1) | 146 | | 5,431 | |
Owens & Minor, Inc.(1) | 539 | | 7,260 | |
| Patterson Cos., Inc. | 2,437 | | 52,371 | |
Pediatrix Medical Group, Inc.(1) | 3,313 | | 49,562 | |
| Premier, Inc., Class A | 3,912 | | 89,585 | |
Progyny, Inc.(1) | 1,027 | | 15,990 | |
| U.S. Physical Therapy, Inc. | 414 | | 40,887 | |
| | 777,856 | |
| Health Care Technology — 0.3% | | |
Health Catalyst, Inc.(1) | 2,145 | | 18,940 | |
| HealthStream, Inc. | 906 | | 29,989 | |
Schrodinger, Inc.(1) | 865 | | 19,523 | |
Teladoc Health, Inc.(1) | 759 | | 9,093 | |
| | 77,545 | |
| Hotels, Restaurants and Leisure — 1.6% | | |
Accel Entertainment, Inc.(1) | 2,168 | | 25,062 | |
BJ's Restaurants, Inc.(1) | 867 | | 33,327 | |
| Bloomin' Brands, Inc. | 1,019 | | 14,205 | |
| Cheesecake Factory, Inc. | 1,832 | | 92,772 | |
| Cracker Barrel Old Country Store, Inc. | 170 | | 9,445 | |
Dave & Buster's Entertainment, Inc.(1) | 96 | | 3,775 | |
El Pollo Loco Holdings, Inc.(1) | 1,066 | | 13,559 | |
Everi Holdings, Inc.(1) | 57 | | 768 | |
| Golden Entertainment, Inc. | 809 | | 27,296 | |
| Krispy Kreme, Inc. | 2,442 | | 26,911 | |
| Marriott Vacations Worldwide Corp. | 538 | | 53,396 | |
| Monarch Casino & Resort, Inc. | 501 | | 42,089 | |
Playa Hotels & Resorts NV(1) | 2,784 | | 27,255 | |
Potbelly Corp.(1) | 450 | | 4,680 | |
| RCI Hospitality Holdings, Inc. | 187 | | 9,810 | |
Rush Street Interactive, Inc.(1) | 3,137 | | 45,236 | |
| Super Group SGHC Ltd. | 5,749 | | 38,231 | |
Target Hospitality Corp.(1) | 1,217 | | 10,065 | |
| | 477,882 | |
| Household Durables — 1.7% | | |
Beazer Homes USA, Inc.(1) | 1,128 | | 39,424 | |
| Century Communities, Inc. | 362 | | 32,710 | |
| Cricut, Inc., Class A | 1,954 | | 10,141 | |
| Ethan Allen Interiors, Inc. | 933 | | 28,671 | |
Flexsteel Industries, Inc.(2) | 145 | | 8,559 | |
Green Brick Partners, Inc.(1) | 557 | | 39,803 | |
| Hamilton Beach Brands Holding Co., Class A | 267 | | 5,172 | |
Helen of Troy Ltd.(1) | 72 | | 5,280 | |
Hovnanian Enterprises, Inc., Class A(1) | 198 | | 38,929 | |
Landsea Homes Corp.(1) | 801 | | 9,155 | |
| La-Z-Boy, Inc. | 1,615 | | 73,111 | |
Legacy Housing Corp.(1) | 438 | | 11,462 | |
| Leggett & Platt, Inc. | 1,311 | | 16,506 | |
LGI Homes, Inc.(1) | 786 | | 86,059 | |
| Lifetime Brands, Inc. | 51 | | 300 | |
Lovesac Co.(1) | 562 | | 21,199 | |
Sonos, Inc.(1) | 1,560 | | 21,232 | |
Traeger, Inc.(1) | 2,640 | | 8,474 | |
Universal Electronics, Inc.(1) | 491 | | 5,686 | |
VOXX International Corp.(1)(2) | 228 | | 1,781 | |
| | | | | | | | |
| Worthington Enterprises, Inc. | 555 | | 22,711 | |
| | 486,365 | |
| Household Products — 1.0% | | |
Central Garden & Pet Co.(1) | 240 | | 9,540 | |
Central Garden & Pet Co., Class A(1) | 2,069 | | 69,912 | |
| Energizer Holdings, Inc. | 2,730 | | 104,040 | |
| Oil-Dri Corp. of America | 193 | | 13,340 | |
| Spectrum Brands Holdings, Inc. | 1,036 | | 95,260 | |
| | 292,092 | |
| Independent Power and Renewable Electricity Producers — 0.4% | | |
Altus Power, Inc.(1) | 712 | | 3,076 | |
Montauk Renewables, Inc.(1) | 2,452 | | 10,838 | |
| NextEra Energy Partners LP | 3,615 | | 63,154 | |
Sunnova Energy International, Inc.(1)(2) | 5,896 | | 32,664 | |
| | 109,732 | |
| Insurance — 3.1% | | |
Ambac Financial Group, Inc.(1) | 726 | | 9,322 | |
American Coastal Insurance Corp., Class C(1) | 861 | | 11,822 | |
| AMERISAFE, Inc. | 677 | | 39,957 | |
Brighthouse Financial, Inc.(1) | 2,052 | | 107,258 | |
| Donegal Group, Inc., Class A | 553 | | 9,202 | |
eHealth, Inc.(1) | 22 | | 124 | |
| Employers Holdings, Inc. | 903 | | 48,184 | |
| Fidelis Insurance Holdings Ltd. | 2,248 | | 46,151 | |
Genworth Financial, Inc., Class A(1) | 1,348 | | 10,514 | |
Goosehead Insurance, Inc., Class A(1) | 55 | | 6,937 | |
Greenlight Capital Re Ltd., A Shares(1) | 887 | | 13,243 | |
| HCI Group, Inc. | 308 | | 37,536 | |
Heritage Insurance Holdings, Inc.(1) | 1,039 | | 12,915 | |
Hippo Holdings, Inc.(1) | 351 | | 11,597 | |
| Horace Mann Educators Corp. | 1,475 | | 61,758 | |
| Investors Title Co. | 56 | | 16,045 | |
| James River Group Holdings Ltd. | 92 | | 431 | |
Lemonade, Inc.(1)(2) | 1,841 | | 95,382 | |
Palomar Holdings, Inc.(1) | 996 | | 107,867 | |
ProAssurance Corp.(1) | 1,853 | | 30,982 | |
| Safety Insurance Group, Inc. | 514 | | 44,122 | |
Selectquote, Inc.(1) | 5,862 | | 17,527 | |
SiriusPoint Ltd.(1) | 3,730 | | 57,517 | |
Skyward Specialty Insurance Group, Inc.(1) | 1,285 | | 69,531 | |
| United Fire Group, Inc. | 635 | | 19,431 | |
| Universal Insurance Holdings, Inc. | 962 | | 21,770 | |
| | 907,125 | |
| Interactive Media and Services — 1.1% | | |
Cargurus, Inc.(1) | 256 | | 9,682 | |
Cars.com, Inc.(1) | 2,477 | | 49,218 | |
Getty Images Holdings, Inc.(1)(2) | 3,644 | | 10,640 | |
Nextdoor Holdings, Inc.(1) | 5,965 | | 14,495 | |
| Shutterstock, Inc. | 672 | | 21,289 | |
Taboola.com Ltd.(1) | 4,219 | | 15,020 | |
Travelzoo(1) | 292 | | 5,828 | |
TripAdvisor, Inc.(1) | 379 | | 5,431 | |
TrueCar, Inc.(1) | 2,995 | | 12,759 | |
Yelp, Inc.(1) | 2,155 | | 82,364 | |
Ziff Davis, Inc.(1) | 1,346 | | 79,212 | |
| | | | | | | | |
ZipRecruiter, Inc., Class A(1) | 1,745 | | 15,461 | |
| | 321,399 | |
| IT Services — 0.1% | | |
| CSP, Inc. | 24 | | 390 | |
| Hackett Group, Inc. | 950 | | 29,773 | |
| | 30,163 | |
| Leisure Products — 0.6% | | |
| Clarus Corp. | 91 | | 413 | |
Funko, Inc., Class A(1) | 1,487 | | 17,472 | |
JAKKS Pacific, Inc.(1) | 317 | | 9,234 | |
| Johnson Outdoors, Inc., Class A | 138 | | 4,645 | |
Latham Group, Inc.(1) | 1,768 | | 11,722 | |
Malibu Boats, Inc., Class A(1) | 750 | | 32,513 | |
MasterCraft Boat Holdings, Inc.(1)(2) | 436 | | 9,243 | |
Revelyst, Inc.(1) | 2,101 | | 39,709 | |
| Smith & Wesson Brands, Inc. | 918 | | 12,467 | |
| Sturm Ruger & Co., Inc. | 633 | | 24,111 | |
Topgolf Callaway Brands Corp.(1) | 1,586 | | 13,354 | |
| | 174,883 | |
| Life Sciences Tools and Services — 0.6% | | |
Azenta, Inc.(1) | 1,806 | | 83,455 | |
Codexis, Inc.(1) | 207 | | 948 | |
CryoPort, Inc.(1) | 80 | | 566 | |
Cytek Biosciences, Inc.(1) | 3,029 | | 19,779 | |
MaxCyte, Inc.(1) | 3,301 | | 11,719 | |
| Mesa Laboratories, Inc. | 195 | | 22,842 | |
OmniAb, Inc.(1) | 2,106 | | 8,235 | |
Personalis, Inc.(1) | 2,075 | | 8,238 | |
Quanterix Corp.(1) | 246 | | 3,033 | |
Standard BioTools, Inc.(1) | 4,353 | | 8,010 | |
| | 166,825 | |
| Machinery — 4.4% | | |
3D Systems Corp.(1) | 231 | | 686 | |
| Alamo Group, Inc. | 269 | | 53,787 | |
| Albany International Corp., Class A | 1,176 | | 97,490 | |
| Astec Industries, Inc. | 382 | | 14,749 | |
| Atmus Filtration Technologies, Inc. | 289 | | 12,511 | |
Blue Bird Corp.(1) | 1,357 | | 55,162 | |
| Douglas Dynamics, Inc. | 923 | | 23,896 | |
| Eastern Co. | 3 | | 86 | |
| Enerpac Tool Group Corp. | 2,035 | | 98,209 | |
| Gorman-Rupp Co. | 789 | | 33,611 | |
Graham Corp.(1) | 400 | | 17,928 | |
| Greenbrier Cos., Inc. | 1,202 | | 81,736 | |
| Helios Technologies, Inc. | 1,260 | | 65,923 | |
| Hillenbrand, Inc. | 551 | | 18,751 | |
Hillman Solutions Corp.(1) | 7,335 | | 83,619 | |
Hyliion Holdings Corp.(1) | 4,531 | | 16,719 | |
| Hyster-Yale, Inc. | 396 | | 22,271 | |
| Kennametal, Inc. | 3,052 | | 87,592 | |
L.B. Foster Co., Class A(1) | 137 | | 3,936 | |
| Lindsay Corp. | 419 | | 55,631 | |
| Luxfer Holdings PLC | 1,071 | | 15,380 | |
Manitowoc Co., Inc.(1) | 550 | | 5,847 | |
Mayville Engineering Co., Inc.(1) | 486 | | 8,189 | |
| | | | | | | | |
| Miller Industries, Inc. | 433 | | 31,877 | |
| Omega Flex, Inc. | 99 | | 4,893 | |
| Park-Ohio Holdings Corp. | 342 | | 11,002 | |
Proto Labs, Inc.(1) | 887 | | 36,536 | |
| REV Group, Inc. | 1,898 | | 58,876 | |
| Shyft Group, Inc. | 1,175 | | 16,568 | |
| Standex International Corp. | 448 | | 93,135 | |
Taylor Devices, Inc.(1)(2) | 118 | | 5,673 | |
| Tennant Co. | 462 | | 40,827 | |
Titan International, Inc.(1) | 594 | | 4,348 | |
| Trinity Industries, Inc. | 3,185 | | 120,074 | |
| | 1,297,518 | |
| Marine Transportation — 0.2% | | |
| Costamare, Inc. | 1,565 | | 20,658 | |
| Genco Shipping & Trading Ltd. | 1,666 | | 26,440 | |
| Pangaea Logistics Solutions Ltd. | 1,180 | | 6,490 | |
| Safe Bulkers, Inc. | 2,321 | | 8,982 | |
| | 62,570 | |
| Media — 1.7% | | |
Advantage Solutions, Inc.(1) | 334 | | 1,189 | |
AMC Networks, Inc., Class A(1)(2) | 645 | | 6,077 | |
Boston Omaha Corp., Class A(1) | 863 | | 13,178 | |
| Cable One, Inc. | 183 | | 76,900 | |
Emerald Holding, Inc.(2) | 2,670 | | 13,270 | |
EW Scripps Co., Class A(1) | 274 | | 548 | |
Gambling.com Group Ltd.(1) | 923 | | 12,239 | |
Gannett Co., Inc.(1) | 6,601 | | 34,259 | |
| Gray Television, Inc. | 2,364 | | 10,094 | |
Ibotta, Inc., Class A(1)(2) | 416 | | 30,426 | |
| John Wiley & Sons, Inc., Class A | 1,524 | | 79,523 | |
Magnite, Inc.(1) | 5,937 | | 99,682 | |
National CineMedia, Inc.(1) | 2,814 | | 19,557 | |
PubMatic, Inc., Class A(1) | 403 | | 6,428 | |
| Scholastic Corp. | 799 | | 21,078 | |
| Sinclair, Inc. | 1,391 | | 25,483 | |
Stagwell, Inc.(1) | 3,461 | | 27,204 | |
TechTarget, Inc.(1) | 75 | | 2,408 | |
Thryv Holdings, Inc.(1) | 916 | | 14,491 | |
WideOpenWest, Inc.(1) | 2,270 | | 12,054 | |
| | 506,088 | |
| Metals and Mining — 1.5% | | |
| Alpha Metallurgical Resources, Inc. | 129 | | 31,679 | |
| Arch Resources, Inc. | 511 | | 87,851 | |
| Caledonia Mining Corp. PLC | 647 | | 6,819 | |
Century Aluminum Co.(1) | 192 | | 4,383 | |
Coeur Mining, Inc.(1) | 8,445 | | 54,555 | |
| Compass Minerals International, Inc. | 359 | | 5,539 | |
Gatos Silver, Inc.(1) | 169 | | 2,613 | |
Idaho Strategic Resources, Inc.(1) | 492 | | 6,027 | |
| Kaiser Aluminum Corp. | 354 | | 28,773 | |
| Materion Corp. | 66 | | 7,631 | |
McEwen Mining, Inc.(1) | 999 | | 8,352 | |
Metallus, Inc.(1) | 667 | | 11,119 | |
Metals Acquisition Ltd., Class A(1) | 1,370 | | 17,399 | |
MP Materials Corp.(1)(2) | 4,507 | | 94,962 | |
| | | | | | | | |
| Olympic Steel, Inc. | 26 | | 1,099 | |
Piedmont Lithium, Inc.(1) | 10 | | 126 | |
| Radius Recycling, Inc., Class A | 585 | | 11,595 | |
| Ramaco Resources, Inc., Class A | 299 | | 3,812 | |
| Ramaco Resources, Inc., Class B | 58 | | 595 | |
| Ryerson Holding Corp. | 25 | | 643 | |
| SunCoke Energy, Inc. | 1,927 | | 24,010 | |
Universal Stainless & Alloy Products, Inc.(1) | 386 | | 17,146 | |
| | 426,728 | |
| Multi-Utilities — 0.5% | | |
| Avista Corp. | 3,061 | | 118,430 | |
| Unitil Corp. | 655 | | 39,313 | |
| | 157,743 | |
| Oil, Gas and Consumable Fuels — 3.0% | | |
Amplify Energy Corp.(1) | 1,188 | | 7,971 | |
| Ardmore Shipping Corp. | 1,672 | | 18,660 | |
| Berry Corp. | 846 | | 3,452 | |
Centrus Energy Corp., Class A(1)(2) | 397 | | 36,127 | |
Clean Energy Fuels Corp.(1) | 6,515 | | 20,066 | |
| CONSOL Energy, Inc. | 67 | | 8,757 | |
| Crescent Energy Co., Class A | 319 | | 4,744 | |
| CVR Energy, Inc. | 512 | | 9,907 | |
| Delek U.S. Holdings, Inc. | 645 | | 12,287 | |
| DHT Holdings, Inc. | 5,413 | | 50,990 | |
| Dorian LPG Ltd. | 1,591 | | 38,932 | |
Encore Energy Corp.(1)(2) | 552 | | 2,087 | |
| Evolution Petroleum Corp. | 852 | | 4,993 | |
| Excelerate Energy, Inc., Class A | 643 | | 19,914 | |
| FutureFuel Corp. | 1,049 | | 5,465 | |
Gran Tierra Energy, Inc.(1) | 855 | | 5,882 | |
Granite Ridge Resources, Inc.(2) | 2,530 | | 16,318 | |
Green Plains, Inc.(1) | 645 | | 6,966 | |
Gulfport Energy Corp.(1) | 528 | | 92,822 | |
Hallador Energy Co.(1) | 1,245 | | 15,189 | |
HighPeak Energy, Inc.(2) | 848 | | 12,779 | |
| International Seaways, Inc. | 1,880 | | 73,320 | |
| Kimbell Royalty Partners LP | 2,860 | | 46,275 | |
Kosmos Energy Ltd.(1) | 8,611 | | 33,927 | |
NextDecade Corp.(1) | 321 | | 2,324 | |
| Nordic American Tankers Ltd. | 8,072 | | 21,633 | |
Par Pacific Holdings, Inc.(1) | 264 | | 4,602 | |
| Peabody Energy Corp. | 333 | | 7,942 | |
PrimeEnergy Resources Corp.(1) | 24 | | 4,825 | |
REX American Resources Corp.(1) | 339 | | 14,682 | |
| Riley Exploration Permian, Inc. | 584 | | 20,498 | |
| SandRidge Energy, Inc. | 1,066 | | 12,504 | |
| SFL Corp. Ltd. | 4,773 | | 50,212 | |
Talos Energy, Inc.(1) | 3,447 | | 38,779 | |
Teekay Corp. Ltd.(1) | 2,423 | | 17,882 | |
| Teekay Tankers Ltd., Class A | 971 | | 39,083 | |
| VAALCO Energy, Inc. | 3,024 | | 15,483 | |
Vital Energy, Inc.(1) | 102 | | 3,349 | |
| Vitesse Energy, Inc. | 775 | | 21,762 | |
W&T Offshore, Inc.(2) | 2,548 | | 4,943 | |
| | | | | | | | |
| World Kinect Corp. | 2,226 | | 64,443 | |
| | 892,776 | |
| Paper and Forest Products — 0.0% | | |
Clearwater Paper Corp.(1) | 362 | | 9,818 | |
| Mercer International, Inc. | 325 | | 2,005 | |
| | 11,823 | |
| Passenger Airlines — 0.3% | | |
| Allegiant Travel Co. | 176 | | 14,404 | |
Blade Air Mobility, Inc.(1) | 1,268 | | 6,010 | |
Frontier Group Holdings, Inc.(1) | 299 | | 1,743 | |
JetBlue Airways Corp.(1) | 7,116 | | 42,483 | |
Sun Country Airlines Holdings, Inc.(1) | 1,303 | | 18,750 | |
| | 83,390 | |
| Personal Care Products — 0.3% | | |
| Edgewell Personal Care Co. | 1,837 | | 67,197 | |
Honest Co., Inc.(1) | 189 | | 1,567 | |
| Lifevantage Corp. | 477 | | 6,969 | |
Medifast, Inc.(1) | 33 | | 649 | |
Nature's Sunshine Products, Inc.(1) | 36 | | 585 | |
| Nu Skin Enterprises, Inc., Class A | 704 | | 5,139 | |
Olaplex Holdings, Inc.(1) | 4,029 | | 7,776 | |
USANA Health Sciences, Inc.(1) | 351 | | 13,524 | |
| | 103,406 | |
| Pharmaceuticals — 1.9% | | |
Amphastar Pharmaceuticals, Inc.(1) | 1,445 | | 65,300 | |
Amylyx Pharmaceuticals, Inc.(1) | 1,995 | | 11,052 | |
ANI Pharmaceuticals, Inc.(1) | 680 | | 38,916 | |
Atea Pharmaceuticals, Inc.(1) | 2,056 | | 7,032 | |
Collegium Pharmaceutical, Inc.(1) | 1,170 | | 35,685 | |
Fulcrum Therapeutics, Inc.(1) | 2,349 | | 9,044 | |
Harmony Biosciences Holdings, Inc.(1) | 1,364 | | 47,290 | |
Innoviva, Inc.(1) | 2,471 | | 46,924 | |
Ligand Pharmaceuticals, Inc.(1) | 755 | | 91,710 | |
Nuvation Bio, Inc.(1) | 10,106 | | 29,307 | |
Pacira BioSciences, Inc.(1) | 140 | | 2,367 | |
| Phibro Animal Health Corp., Class A | 967 | | 22,599 | |
Pliant Therapeutics, Inc.(1) | 1,999 | | 27,586 | |
| SIGA Technologies, Inc. | 1,588 | | 11,561 | |
Supernus Pharmaceuticals, Inc.(1) | 2,085 | | 76,249 | |
Terns Pharmaceuticals, Inc.(1) | 3,017 | | 18,826 | |
Theravance Biopharma, Inc.(1) | 1,363 | | 12,608 | |
Third Harmonic Bio, Inc.(1) | 544 | | 6,941 | |
Trevi Therapeutics, Inc.(1) | 785 | | 2,261 | |
Ventyx Biosciences, Inc.(1) | 205 | | 549 | |
| | 563,807 | |
| Professional Services — 2.9% | | |
Asure Software, Inc.(1) | 69 | | 676 | |
| Concentrix Corp. | 1,473 | | 66,211 | |
Conduent, Inc.(1) | 5,953 | | 22,205 | |
| CRA International, Inc. | 236 | | 46,027 | |
| CSG Systems International, Inc. | 1,084 | | 59,414 | |
First Advantage Corp.(1) | 2,061 | | 39,633 | |
Franklin Covey Co.(1) | 425 | | 15,462 | |
| Heidrick & Struggles International, Inc. | 758 | | 34,974 | |
Huron Consulting Group, Inc.(1) | 651 | | 79,949 | |
| | | | | | | | |
IBEX Holdings Ltd.(1) | 394 | | 8,077 | |
| ICF International, Inc. | 601 | | 83,281 | |
Innodata, Inc.(1) | 1,262 | | 51,843 | |
| Insperity, Inc. | 578 | | 45,575 | |
| Kelly Services, Inc., Class A | 1,043 | | 15,280 | |
| Kforce, Inc. | 706 | | 42,353 | |
Legalzoom.com, Inc.(1) | 442 | | 3,505 | |
| ManpowerGroup, Inc. | 789 | | 50,788 | |
Mistras Group, Inc.(1) | 759 | | 7,066 | |
Planet Labs PBC(1) | 7,647 | | 30,053 | |
RCM Technologies, Inc.(1) | 6 | | 137 | |
| Resources Connection, Inc. | 1,029 | | 8,685 | |
TaskUS, Inc., Class A(1) | 643 | | 9,426 | |
TrueBlue, Inc.(1) | 320 | | 2,406 | |
| TTEC Holdings, Inc. | 78 | | 404 | |
Willdan Group, Inc.(1) | 577 | | 25,221 | |
WNS Holdings Ltd.(1) | 1,748 | | 94,794 | |
| | 843,445 | |
| Real Estate Management and Development — 1.1% | | |
Anywhere Real Estate, Inc.(1) | 2,920 | | 14,308 | |
Cushman & Wakefield PLC(1) | 8,533 | | 130,555 | |
Forestar Group, Inc.(1) | 490 | | 14,626 | |
FRP Holdings, Inc.(1) | 36 | | 1,148 | |
| Kennedy-Wilson Holdings, Inc. | 4,582 | | 53,059 | |
| Marcus & Millichap, Inc. | 931 | | 38,739 | |
| Newmark Group, Inc., Class A | 397 | | 6,146 | |
Opendoor Technologies, Inc.(1) | 11,054 | | 25,866 | |
| RMR Group, Inc., Class A | 574 | | 12,743 | |
Seritage Growth Properties, Class A(1)(2) | 25 | | 114 | |
Tejon Ranch Co.(1) | 847 | | 13,654 | |
| | 310,958 | |
| Semiconductors and Semiconductor Equipment — 1.5% | | |
ACM Research, Inc., Class A(1) | 1,582 | | 27,194 | |
Alpha & Omega Semiconductor Ltd.(1) | 1,074 | | 44,539 | |
Axcelis Technologies, Inc.(1) | 940 | | 69,786 | |
CEVA, Inc.(1) | 861 | | 25,606 | |
Cohu, Inc.(1) | 1,000 | | 26,400 | |
Diodes, Inc.(1) | 1,511 | | 98,215 | |
inTEST Corp.(1) | 20 | | 152 | |
| Kulicke & Soffa Industries, Inc. | 1,588 | | 76,891 | |
Magnachip Semiconductor Corp.(1) | 1,295 | | 5,594 | |
| NVE Corp. | 16 | | 1,236 | |
Penguin Solutions, Inc.(1) | 836 | | 15,165 | |
Photronics, Inc.(1) | 1,634 | | 40,703 | |
QuickLogic Corp.(1)(2) | 35 | | 267 | |
SolarEdge Technologies, Inc.(1) | 11 | | 174 | |
Ultra Clean Holdings, Inc.(1) | 163 | | 6,264 | |
| | 438,186 | |
| Software — 2.8% | | |
8x8, Inc.(1) | 2,037 | | 6,315 | |
| A10 Networks, Inc. | 2,781 | | 47,416 | |
| Adeia, Inc. | 4,044 | | 49,013 | |
Alarm.com Holdings, Inc.(1) | 1,266 | | 82,467 | |
Arteris, Inc.(1) | 81 | | 704 | |
Cipher Mining, Inc.(1) | 7,996 | | 53,573 | |
| | | | | | | | |
| Clear Secure, Inc., Class A | 132 | | 3,416 | |
CS Disco, Inc.(1) | 55 | | 326 | |
Daily Journal Corp.(1) | 57 | | 32,177 | |
Digital Turbine, Inc.(1)(2) | 4,167 | | 6,000 | |
E2open Parent Holdings, Inc.(1) | 9,037 | | 27,472 | |
Enfusion, Inc., Class A(1) | 83 | | 825 | |
EverCommerce, Inc.(1) | 601 | | 7,302 | |
Expensify, Inc., Class A(1) | 2,339 | | 7,625 | |
| Logility Supply Chain Solutions, Inc., Class A | 1,256 | | 13,226 | |
Matterport, Inc.(1) | 12,583 | | 59,895 | |
Meridianlink, Inc.(1) | 1,089 | | 25,428 | |
Olo, Inc., Class A(1) | 3,905 | | 28,467 | |
ON24, Inc.(1) | 1,261 | | 8,335 | |
OneSpan, Inc.(1) | 1,563 | | 28,322 | |
Pagaya Technologies Ltd., Class A(1) | 1,546 | | 16,898 | |
| Progress Software Corp. | 1,639 | | 112,124 | |
Red Violet, Inc.(1) | 499 | | 18,363 | |
Silvaco Group, Inc.(1) | 145 | | 1,196 | |
| SolarWinds Corp. | 1,863 | | 24,871 | |
Telos Corp.(1) | 1,034 | | 3,516 | |
Teradata Corp.(1) | 3,065 | | 94,709 | |
Verint Systems, Inc.(1) | 1,979 | | 49,871 | |
Xperi, Inc.(1) | 987 | | 9,347 | |
| | 819,199 | |
| Specialty Retail — 2.3% | | |
1-800-Flowers.com, Inc., Class A(1) | 778 | | 6,325 | |
| Advance Auto Parts, Inc. | 259 | | 10,710 | |
America's Car-Mart, Inc.(1) | 265 | | 12,232 | |
| Arhaus, Inc. | 826 | | 8,202 | |
| Arko Corp. | 2,360 | | 16,898 | |
| Buckle, Inc. | 1,211 | | 63,081 | |
| Build-A-Bear Workshop, Inc. | 492 | | 18,691 | |
| Caleres, Inc. | 1,358 | | 42,193 | |
| Camping World Holdings, Inc., Class A | 1,427 | | 34,876 | |
Citi Trends, Inc.(1) | 41 | | 818 | |
Designer Brands, Inc., Class A(2) | 135 | | 670 | |
Destination XL Group, Inc.(1) | 326 | | 786 | |
Foot Locker, Inc.(1) | 3,704 | | 93,155 | |
Genesco, Inc.(1) | 416 | | 13,973 | |
GrowGeneration Corp.(1) | 923 | | 1,791 | |
| Guess?, Inc. | 513 | | 8,444 | |
| Haverty Furniture Cos., Inc. | 434 | | 10,247 | |
| J Jill, Inc. | 268 | | 7,397 | |
Lands' End, Inc.(1) | 491 | | 7,831 | |
MarineMax, Inc.(1) | 745 | | 25,568 | |
| Monro, Inc. | 982 | | 27,614 | |
National Vision Holdings, Inc.(1) | 172 | | 2,081 | |
ODP Corp.(1) | 222 | | 5,701 | |
Petco Health & Wellness Co., Inc.(1) | 188 | | 803 | |
PetMed Express, Inc.(1)(2) | 363 | | 1,681 | |
Sally Beauty Holdings, Inc.(1) | 3,871 | | 53,923 | |
| Shoe Carnival, Inc. | 709 | | 23,936 | |
Sportsman's Warehouse Holdings, Inc.(1) | 57 | | 122 | |
Stitch Fix, Inc., Class A(1) | 4,308 | | 20,506 | |
Victoria's Secret & Co.(1) | 3,215 | | 124,870 | |
| | | | | | | | |
Zumiez, Inc.(1) | 726 | | 16,023 | |
| | 661,148 | |
| Technology Hardware, Storage and Peripherals — 0.1% | | |
Eastman Kodak Co.(1) | 2,639 | | 19,133 | |
| Immersion Corp. | 1,142 | | 10,209 | |
| | 29,342 | |
| Textiles, Apparel and Luxury Goods — 1.4% | | |
| Carter's, Inc. | 1,380 | | 75,306 | |
Figs, Inc., Class A(1) | 4,993 | | 25,914 | |
G-III Apparel Group Ltd.(1) | 1,554 | | 46,045 | |
Hanesbrands, Inc.(1) | 13,730 | | 119,451 | |
| Lakeland Industries, Inc. | 272 | | 6,158 | |
| Movado Group, Inc. | 259 | | 5,271 | |
| Oxford Industries, Inc. | 423 | | 35,181 | |
| Rocky Brands, Inc. | 279 | | 6,054 | |
| Superior Group of Cos., Inc. | 460 | | 7,788 | |
Vera Bradley, Inc.(1) | 67 | | 392 | |
| Wolverine World Wide, Inc. | 3,544 | | 82,185 | |
| | 409,745 | |
| Trading Companies and Distributors — 0.8% | | |
| Alta Equipment Group, Inc. | 25 | | 198 | |
BlueLinx Holdings, Inc.(1) | 181 | | 22,752 | |
DNOW, Inc.(1) | 2,843 | | 42,787 | |
DXP Enterprises, Inc.(1) | 482 | | 35,316 | |
| Global Industrial Co. | 215 | | 6,074 | |
| H&E Equipment Services, Inc. | 510 | | 30,467 | |
Hudson Technologies, Inc.(1) | 833 | | 4,948 | |
| Karat Packaging, Inc. | 270 | | 8,340 | |
MRC Global, Inc.(1) | 3,236 | | 45,207 | |
Titan Machinery, Inc.(1) | 152 | | 2,348 | |
| Willis Lease Finance Corp. | 108 | | 23,552 | |
| | 221,989 | |
| Transportation Infrastructure — 0.0% | | |
Sky Harbour Group Corp.(1) | 443 | | 4,997 | |
| Water Utilities — 0.2% | | |
| Artesian Resources Corp., Class A | 321 | | 11,152 | |
| California Water Service Group | 984 | | 50,371 | |
| Consolidated Water Co. Ltd. | 27 | | 727 | |
| | 62,250 | |
| Wireless Telecommunication Services — 0.1% | | |
Gogo, Inc.(1) | 2,308 | | 18,533 | |
| Spok Holdings, Inc. | 640 | | 10,503 | |
| | 29,036 | |
TOTAL COMMON STOCKS (Cost $26,285,240) | | 29,054,697 | |
| SHORT-TERM INVESTMENTS — 3.3% | | |
| Money Market Funds — 3.3% | | |
| State Street Institutional U.S. Government Money Market Fund, Premier Class | 176,925 | | 176,925 | |
State Street Navigator Securities Lending Government Money Market Portfolio(3) | 789,501 | | 789,501 | |
TOTAL SHORT-TERM INVESTMENTS (Cost $966,426) | | 966,426 | |
TOTAL INVESTMENT SECURITIES — 102.6% (Cost $27,251,666) | | 30,021,123 | |
| OTHER ASSETS AND LIABILITIES — (2.6)% | | (771,590) | |
| TOTAL NET ASSETS — 100.0% | | $ | 29,249,533 | |
| | | | | | | | |
| NOTES TO SCHEDULE OF INVESTMENTS |
(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 $841,033. 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 $869,443, which includes securities collateral of $79,942.
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 the 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 fund’s 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 shareholder report.
