| Common Stocks — 98.3% | | | | |
| | Shares | | Value ($) |
| Banks — 0.6% | | | | |
| HarborOne Bancorp, Inc. | | 6,570 | | 95,265 |
| Old Second Bancorp, Inc. | | 6,470 | | 90,904 |
| | | | 186,169 |
| Biotechnology — 5.7% | | | | |
| Alkermes PLC(a) | | 4,960 | | 126,976 |
| Denali Therapeutics, Inc.(a) | | 16,420 | | 558,608 |
| Halozyme Therapeutics, Inc.(a) | | 12,830 | | 627,387 |
Ironwood Pharmaceuticals,
Inc.(a) | | 3,460 | | 39,617 |
| Vericel Corp.(a) | | 9,200 | | 299,368 |
| | | | 1,651,956 |
| Building Products — 5.7% | | | | |
| Allegion PLC | | 6,050 | | 639,485 |
Armstrong World Industries,
Inc. | | 2,470 | | 220,694 |
| Carlisle Cos., Inc. | | 2,710 | | 802,431 |
| | | | 1,662,610 |
| Capital Markets — 1.1% | | | | |
| Cboe Global Markets, Inc. | | 1,500 | | 185,070 |
| StoneX Group, Inc.(a) | | 1,670 | | 145,507 |
| | | | 330,577 |
| Chemicals — 0.7% | | | | |
| Orion Engineered Carbons SA | | 12,100 | | 209,209 |
| Commercial Services & Supplies — 2.5% | | | | |
| IAA, Inc.(a) | | 16,010 | | 604,057 |
| Pitney Bowes, Inc. | | 39,800 | | 130,146 |
| | | | 734,203 |
| Communications Equipment — 3.1% | | | | |
| Extreme Networks, Inc.(a) | | 24,130 | | 315,620 |
| Harmonic, Inc.(a) | | 19,600 | | 214,032 |
| Lumentum Holdings, Inc.(a) | | 4,310 | | 389,883 |
| | | | 919,535 |
| Construction & Engineering — 2.6% | | | | |
| Sterling Infrastructure, Inc.(a) | | 6,030 | | 155,032 |
WillScot Mobile Mini Holdings
Corp.(a) | | 15,330 | | 591,891 |
| | | | 746,923 |
| Diversified Consumer Services — 1.7% | | | | |
| Coursera, Inc.(a) | | 19,860 | | 275,855 |
| H&R Block, Inc. | | 5,790 | | 231,369 |
| | | | 507,224 |
| Diversified Telecommunication Services — 3.2% | | | | |
Cogent Communications
Holdings, Inc. | | 4,220 | | 269,278 |
Iridium Communications,
Inc.(a) | | 15,110 | | 675,568 |
| | | | 944,846 |
| Electrical Equipment — 2.2% | | | | |
| Atkore, Inc.(a) | | 6,510 | | 646,248 |
| Electronic Equipment, Instruments & Components — 5.6% | | | | |
Advanced Energy Industries,
Inc. | | 6,160 | | 551,258 |
| Jabil, Inc. | | 11,040 | | 655,114 |
| Vontier Corp. | | 16,400 | | 423,120 |
| | | | 1,629,492 |
| Equity Real Estate Investment Trusts (REITs) — 3.9% | | | | |
| Iron Mountain, Inc. | | 6,730 | | 326,338 |
Ryman Hospitality Properties,
Inc.(a) | | 3,630 | | 321,400 |
Tanger Factory Outlet
Centers, Inc. | | 18,180 | | 295,789 |
| Uniti Group, Inc. | | 18,990 | | 189,330 |
| | | | 1,132,857 |
| Health Care Equipment & Supplies — 8.8% | | | | |
| iRhythm Technologies, Inc.(a) | | 3,360 | | 519,557 |
| Lantheus Holdings, Inc.(a) | | 3,180 | | 243,970 |
| Novocure, Ltd.(a) | | 8,430 | | 573,156 |
| NuVasive, Inc.(a) | | 7,730 | | 405,979 |
| STAAR Surgical Co.(a) | | 7,550 | | 609,285 |
| TransMedics Group, Inc.(a) | | 5,650 | | 228,147 |
| | | | 2,580,094 |
| Health Care Providers & Services — 6.5% | | | | |
AMN Healthcare Services,
Inc.(a) | | 3,840 | | 431,770 |
Cross Country Healthcare,
Inc.(a) | | 4,820 | | 127,055 |
| Hanger, Inc.(a) | | 9,600 | | 178,272 |
| Option Care Health, Inc.(a) | | 19,570 | | 657,552 |
| Owens & Minor, Inc. | | 5,850 | | 207,148 |
| The Ensign Group, Inc. | | 3,790 | | 302,025 |
| | | | 1,903,822 |
| Hotels, Restaurants & Leisure — 1.4% | | | | |
| Travel + Leisure Co. | | 9,260 | | 399,199 |
| Interactive Media & Services — 0.4% | | | | |
| Cars.com, Inc.(a) | | 9,680 | | 113,837 |
| IT Services — 1.8% | | | | |
| EVERTEC, Inc. | | 3,610 | | 140,754 |
| Verra Mobility Corp.(a) | | 24,000 | | 395,760 |
| | | | 536,514 |
| Life Sciences Tools & Services — 2.2% | | | | |
| Bruker Corp. | | 9,530 | | 653,281 |
| Metals & Mining — 0.7% | | | | |
| Constellium SE(a) | | 13,080 | | 191,360 |
| Pharmaceuticals — 1.6% | | | | |
| Organon & Co. | | 14,320 | | 454,230 |
| Professional Services — 6.1% | | | | |
| Insperity, Inc. | | 4,500 | | 493,830 |
| Kforce, Inc. | | 3,810 | | 250,888 |
| Robert Half International, Inc. | | 7,940 | | 628,372 |
| TriNet Group, Inc.(a) | | 5,100 | | 420,750 |
| | | | 1,793,840 |
| Semiconductors & Semiconductor Equipment — 5.4% | | | | |
| Axcelis Technologies, Inc.(a) | | 5,650 | | 397,365 |
| Kulicke & Soffa Industries, Inc. | | 8,760 | | 421,531 |
Lattice Semiconductor
Corp.(a) | | 12,130 | | 745,995 |
| | | | 1,564,891 |
| Software — 15.0% | | | | |
| A10 Networks, Inc. | | 11,300 | | 168,483 |
| Agilysys, Inc.(a) | | 4,060 | | 196,098 |
| Box, Inc., Class A(a) | | 20,670 | | 587,855 |
| CommVault Systems, Inc.(a) | | 6,110 | | 342,710 |
| Dropbox, Inc., Class A(a) | | 27,340 | | 621,712 |
| Fair Isaac Corp.(a) | | 1,300 | | 600,639 |
| Five9, Inc.(a) | | 6,380 | | 689,805 |
| Paylocity Holding Corp.(a) | | 3,230 | | 665,154 |
| Rapid7, Inc.(a) | | 8,120 | | 519,436 |
| | | | 4,391,892 |
| Specialty Retail — 5.0% | | | | |
| Five Below, Inc.(a) | | 4,980 | | 632,809 |
| Williams-Sonoma, Inc. | | 5,010 | | 723,544 |
| Common Stocks, continued | | | | |
| | Shares | | Value ($) |
| Specialty Retail, continued | | | | |
| Winmark Corp. | | 460 | | 102,189 |
| | | | 1,458,542 |
| Technology Hardware, Storage & Peripherals — 2.3% | | | | |
| Pure Storage, Inc., Class A(a) | | 23,170 | | 656,870 |
| Thrifts & Mortgage Finance — 0.4% | | | | |
Federal Agricultural Mortgage
Corp., Class C | | 1,090 | | 120,216 |
| Trading Companies & Distributors — 2.1% | | | | |
| Triton International, Ltd. | | 4,480 | | 287,078 |
| Veritiv Corp.(a) | | 2,570 | | 318,732 |
| | | | 605,810 |
TOTAL COMMON STOCKS
(COST $26,150,389) | | | | 28,726,247 |
| Investment Company — 1.5% | | | | |
Northern Institutional
Government Select
Portfolio, Institutional
Shares, 1.50%(b) | | 439,914 | | 439,914 |
TOTAL INVESTMENT
COMPANY
(Cost $439,914) | | | | 439,914 |
TOTAL INVESTMENTS IN
SECURITIES
(Cost $26,590,303) —
99.8% | | | | 29,166,161 |
Other Assets (Liabilities) -
0.2% | | | | 61,604 |
| NET ASSETS - 100% | | | | $29,227,765 |
