Shares
Market
Value
COMMON
STOCKS
—
97.5%
Aerospace
—
0.5%
5,260
Hexcel
Corp.
......................................................
$
387,925
Automotive
—
2.2%
26,625
Rush
Enterprises
Inc.,
Cl. A
..............................
1,339,237
4,200
Winnebago
Industries
Inc.
................................
306,096
1,645,333
Aviation:
Parts
and
Services
—
3.0%
35,800
AAR
Corp.†
........................................................
2,233,920
Banking
—
11.2%
15,533
Atlantic
Union
Bankshares
Corp.
.....................
567,576
40,800
Banc
of
California
Inc.
.......................................
547,944
37,211
Columbia
Banking
System
Inc.
.........................
992,789
21,500
Five
Star
Bancorp
...............................................
562,870
7,000
Glacier
Bancorp
Inc.
..........................................
289,240
29,050
OceanFirst
Financial
Corp.
...............................
504,308
42,100
Old
National
Bancorp
.......................................
711,069
10,433
SouthState
Corp.
................................................
881,067
28,800
USCB
Financial
Holdings
Inc.†
........................
352,800
51,720
Valley
National
Bancorp
...................................
561,679
55,700
Veritex
Holdings
Inc.
.........................................
1,296,139
20,100
WaFd
Inc.
............................................................
662,496
10,970
Washington
Trust
Bancorp
Inc.
........................
355,209
8,285,186
Broadcasting
—
1.6%
119,335
Grupo
Televisa
SAB,
ADR
................................
398,579
50,400
IMAX
Corp.†
......................................................
757,008
1,155,587
Building
and
Construction
—
5.3%
5,955
EMCOR
Group
Inc.
...........................................
1,282,886
9,800
MYR
Group
Inc.†
...............................................
1,417,374
16,082
Skyline
Champion
Corp.†
.................................
1,194,249
3,894,509
Business
Services
—
6.0%
29,600
ABM
Industries
Inc.
...........................................
1,326,968
4,600
FTI
Consulting
Inc.†
..........................................
916,090
27,848
Heidrick
&
Struggles
International
Inc.
...........
822,352
11,352
McGrath
RentCorp
............................................
1,357,926
4,423,336
Communications
—
1.7%
19,266
ATN
International
Inc.
......................................
750,796
40,467
Harmonic
Inc.†
..................................................
527,690
1,278,486
Communications
Equipment
—
3.0%
153,284
Infinera
Corp.†
...................................................
728,099
27,728
Lumentum
Holdings
Inc.†
................................
1,453,502
2,181,601
Computer
Software
and
Services
—
3.6%
59,700
NetScout
Systems
Inc.†
.....................................
1,310,415
12,503
Progress
Software
Corp.
....................................
678,913
9,970
Teradata
Corp.†
.................................................
433,795
55,000
Vimeo
Inc.†
........................................................
215,600
2,638,723
Consumer
Products
—
2.7%
109,600
OPENLANE
Inc.†
..............................................
1,623,176
3,800
Oxford
Industries
Inc.
.......................................
380,000
2,003,176
Shares
Market
Value
Diversified
Industrial
—
4.2%
2,460
Albany
International
Corp.,
Cl. A
....................
$
241,621
11,070
Apogee
Enterprises
Inc.
....................................
591,249
41,900
Enerpac
Tool
Group
Corp.
................................
1,302,671
13,700
Kennametal
Inc.
.................................................
353,323
12,900
Textainer
Group
Holdings
Ltd.
........................
634,680
3,123,544
Electronics
—
5.1%
17,908
Advanced
Energy
Industries
Inc.
.....................
1,950,539
23,000
FARO
Technologies
Inc.†
..................................
518,190
80,300
TTM
Technologies
Inc.†
....................................
1,269,543
3,738,272
Energy
and
Utilities
—
5.9%
40,900
ChampionX
Corp.
..............................................
1,194,689
5,900
Diamondback
Energy
Inc.
.................................
914,972
4,900
Dril-Quip
Inc.†
...................................................
114,023
40,400
Magnolia
Oil
&
Gas
Corp.,
Cl. A
......................
860,116
32,900
Oceaneering
International
Inc.†
.......................
700,112
53,700
Patterson-UTI
Energy
Inc.
.................................
579,960
4,363,872
Equipment
and
Supplies
—
2.2%
39,000
Flowserve
Corp.
.................................................
1,607,580
Financial
Services
—
5.5%
10,200
Brown
&
Brown
Inc.
..........................................
725,322
14,100
First
Interstate
BancSystem
Inc.,
Cl. A
.............
433,575
7,800
Heritage
Financial
Corp.
...................................
166,842
8,280
Horace
Mann
Educators
Corp.
.........................
270,756
16,105
Mercury
General
Corp.
.....................................
600,877
17,881
Stewart
Information
Services
Corp.
.................
1,050,509
6,686
Stifel
Financial
Corp.
.........................................
462,337
17,600
Univest
Financial
Corp.
.....................................
387,728
4,097,946
Health
Care
—
8.2%
9,379
AMN
Healthcare
Services
Inc.†
........................
702,299
84,725
Axogen
Inc.†
......................................................
578,672
6,360
Haemonetics
Corp.†
..........................................
543,843
6,501
ICU
Medical
Inc.†
..............................................
648,410
16,871
Omnicell
Inc.†
....................................................
634,856
50,339
Orthofix
Medical
Inc.†
.......................................
678,570
64,900
Patterson
Cos.
Inc.
.............................................
1,846,405
15,800
Supernus
Pharmaceuticals
Inc.†
.......................
457,252
6,090,307
Machinery
—
1.6%
83,400
Mueller
Water
Products
Inc.,
Cl. A
...................
1,200,960
Materials
—
0.7%
12,690
Avient
Corp.
.......................................................
527,523
Real
Estate
—
1.6%
23,467
Alpine
Income
Property
Trust
Inc.,
REIT
........
396,827
36,400
CareTrust
REIT
Inc.
...........................................
814,632
1,211,459
Retail
—
7.0%
2,990
Advance
Auto
Parts
Inc.
....................................
182,479
84,586
American
Eagle
Outfitters
Inc.
.........................
1,789,840
78,100
Ethan
Allen
Interiors
Inc.
..................................
2,492,952
20,300
Urban
Outfitters
Inc.†
........................................
724,507
5,189,778
