Important Disclosure Information

Portfolio holdings are subject to change without notice. There can be no assurance that securities held as of the date shown below will be included in any Royce-managed portfolio in the future.

Unlike the Fund's regulatory filings, the portfolio data may not conform to Securities and Exchange Commission (SEC) presentation requirements. Therefore, it may differ from the schedule
of investments in the Fund's annual and semiannual reports to shareholders, which are available at royceinvest.com/literature and are also filed with the SEC on Form N-CSR.
This presentation may also differ from the schedule of investments provided in the first and third quarter SEC Form N-PORT Exhibit F filings.

See "Notes to Financial Statements" in the Fund's most recent annual or semiannual report to shareholders for information about how the Fund values its portfolio securities.

Investors should carefully consider the investment goals, risks, fees, and expenses of the Funds before investing. Please read the prospectus carefully before investing.

For additional information, you may view Exhibit F to Form N-PORT (Quarterly Fund Holdings report) filed by each Fund at http://www.sec.gov.

Royce Small-Cap Opportunity Fund

Holdings as of: 05/31/25

Download Holdings

#	Ticker	Asset Type	Sector	Industry	Name	Shares/ Principal	Price	% of Assets	Market Value
1		Repurchase Agreement			Fixed Income Clearing Corporation	30727431	$100.00	4.61%	$30,727,430.57
2	ARLO	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	Arlo Technologies	595986	$14.32	1.28%	$8,534,519.52
3	KD	Common Stock	Information Technology	IT Services	Kyndryl Holdings	217224	$39.04	1.27%	$8,480,424.96
4	ATRO	Common Stock	Industrials	Aerospace & Defense	Astronics Corporation	270865	$31.22	1.27%	$8,456,405.30
5	BWXT	Common Stock	Industrials	Aerospace & Defense	BWX Technologies	67053	$125.60	1.26%	$8,421,856.80
6	PRIM	Common Stock	Industrials	Construction & Engineering	Primoris Services	115314	$72.11	1.25%	$8,315,292.54
7	ATI	Common Stock	Materials	Metals & Mining	ATI	104183	$79.64	1.24%	$8,297,134.12
8	CECO	Common Stock	Industrials	Commercial Services & Supplies	CECO Environmental	307868	$26.89	1.24%	$8,278,570.52
9	ROAD	Common Stock	Industrials	Construction & Engineering	Construction Partners Cl. A	78220	$104.69	1.23%	$8,188,851.80
10	LASR	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	nLIGHT	540821	$15.13	1.23%	$8,182,621.73
11	ORN	Common Stock	Industrials	Construction & Engineering	Orion Group Holdings	987695	$8.24	1.22%	$8,138,606.80
12	KN	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	Knowles Corporation	487955	$16.41	1.20%	$8,007,341.55
13	VCTR	Common Stock	Financials	Capital Markets	Victory Capital Holdings	129083	$62.01	1.20%	$8,004,436.83
14	DRS	Common Stock	Industrials	Aerospace & Defense	Leonardo DRS	189052	$42.30	1.20%	$7,996,899.60
15	AORT	Common Stock	Health Care	Health Care Equipment & Supplies	Artivion	264719	$29.58	1.17%	$7,830,388.02
16	SEI	Common Stock	Energy	Energy Equipment & Services	Solaris Energy Infrastructure Cl. A	282111	$27.43	1.16%	$7,738,304.73
17	DGII	Common Stock	Information Technology	Communications Equipment	Digi International	236089	$32.41	1.15%	$7,651,644.49
18	LAKE	Common Stock	Consumer Discretionary	Textiles, Apparel & Luxury Goods	Lakeland Industries	399972	$19.06	1.14%	$7,623,466.32
19	AVNW	Common Stock	Information Technology	Communications Equipment	Aviat Networks	354304	$21.45	1.14%	$7,599,820.80
20	GTLS	Common Stock	Industrials	Machinery	Chart Industries	48177	$156.86	1.13%	$7,557,044.22
21	BKU	Common Stock	Financials	Banks	BankUnited	220592	$33.98	1.12%	$7,495,716.16
22	KTOS	Common Stock	Industrials	Aerospace & Defense	Kratos Defense & Security Solutions	195200	$36.89	1.08%	$7,200,928.00
23	WTTR	Common Stock	Energy	Energy Equipment & Services	Select Water Solutions Cl. A	879973	$8.04	1.06%	$7,074,982.92
24	BFST	Common Stock	Financials	Banks	Business First Bancshares	296263	$23.79	1.06%	$7,048,096.77
25	CRK	Common Stock	Energy	Oil, Gas & Consumable Fuels	Comstock Resources	298833	$23.30	1.04%	$6,962,808.90
26	ATEN	Common Stock	Information Technology	Software	A10 Networks	402813	$17.26	1.04%	$6,952,552.38
27	REZI	Common Stock	Industrials	Building Products	Resideo Technologies	335629	$20.70	1.04%	$6,947,520.30
28	AAP	Common Stock	Consumer Discretionary	Specialty Retail	Advance Auto Parts	144908	$47.93	1.04%	$6,945,440.44
29	AIR	Common Stock	Industrials	Aerospace & Defense	AAR Corp.	112205	$61.41	1.03%	$6,890,509.05
30	MOD	Common Stock	Consumer Discretionary	Automobile Components	Modine Manufacturing	73913	$90.80	1.01%	$6,711,300.40
31	LXFR	Common Stock	Industrials	Machinery	Luxfer Holdings	585686	$11.43	1.00%	$6,694,390.98
32	MEG	Common Stock	Industrials	Commercial Services & Supplies	Montrose Environmental Group	339308	$19.53	0.99%	$6,626,685.24
33	COHR	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	Coherent Corp.	85874	$75.63	0.97%	$6,494,650.62
34	AMSC	Common Stock	Industrials	Electrical Equipment	American Superconductor	229076	$28.26	0.97%	$6,473,687.76
35	NVGS	Common Stock	Energy	Oil, Gas & Consumable Fuels	Navigator Holdings	451435	$14.17	0.96%	$6,396,833.95
36	LFMD	Common Stock	Health Care	Health Care Technology	LifeMD	508187	$12.21	0.93%	$6,204,963.27
37	MRCY	Common Stock	Industrials	Aerospace & Defense	Mercury Systems	125012	$49.25	0.92%	$6,156,841.00
38	CMC	Common Stock	Materials	Metals & Mining	Commercial Metals	131837	$46.59	0.92%	$6,142,285.83
39	NATL	Common Stock	Financials	Financial Services	NCR Atleos	228781	$26.51	0.91%	$6,064,984.31
40	TMHC	Common Stock	Consumer Discretionary	Household Durables	Taylor Morrison Home	107662	$56.28	0.91%	$6,059,217.36
41	PENG	Common Stock	Information Technology	Semiconductors & Semiconductor Equipment	Penguin Solutions	340454	$17.76	0.91%	$6,046,463.04
42	CF CN	Common Stock	Financials	Capital Markets	Canaccord Genuity Group	890892	$6.78	0.91%	$6,037,305.06
43	UCTT	Common Stock	Information Technology	Semiconductors & Semiconductor Equipment	Ultra Clean Holdings	310544	$19.37	0.90%	$6,015,237.28
44	DCO	Common Stock	Industrials	Aerospace & Defense	Ducommun	85404	$70.38	0.90%	$6,010,733.52
45	BCML	Common Stock	Financials	Banks	BayCom Corp.	224574	$26.39	0.89%	$5,926,507.86
46	NPKI	Common Stock	Energy	Energy Equipment & Services	NPK International	731850	$8.09	0.89%	$5,920,666.50
47	KGS	Common Stock	Energy	Energy Equipment & Services	Kodiak Gas Services	166739	$35.31	0.88%	$5,887,554.09
48	MRC	Common Stock	Industrials	Trading Companies & Distributors	MRC Global	473210	$12.41	0.88%	$5,872,536.10
49	OPRX	Common Stock	Health Care	Health Care Technology	OptimizeRx Corporation	483110	$12.14	0.88%	$5,864,955.40
50	SKY	Common Stock	Consumer Discretionary	Household Durables	Champion Homes	89601	$65.40	0.88%	$5,859,905.40
51	VVX	Common Stock	Industrials	Aerospace & Defense	V2X	128353	$45.28	0.87%	$5,811,823.84
52	SBCF	Common Stock	Financials	Banks	Seacoast Banking Corporation of Florida	223826	$25.83	0.87%	$5,781,425.58
53	DDS	Common Stock	Consumer Discretionary	Broadline Retail	Dillard's Cl. A	14533	$396.02	0.86%	$5,755,358.66
54	APAM	Common Stock	Financials	Capital Markets	Artisan Partners Asset Management Cl. A	141919	$40.30	0.86%	$5,719,335.70
55	PWP	Common Stock	Financials	Capital Markets	Perella Weinberg Partners Cl. A	329191	$17.37	0.86%	$5,718,047.67
56	CS CN	Common Stock	Materials	Metals & Mining	Capstone Copper	1049521	$5.42	0.85%	$5,689,828.57
57	MGNI	Common Stock	Communication Services	Media	Magnite	346934	$16.36	0.85%	$5,675,840.24
58	WNS	Common Stock	Industrials	Professional Services	WNS (Holdings)	97465	$57.99	0.85%	$5,651,995.35
59	FORM	Common Stock	Information Technology	Semiconductors & Semiconductor Equipment	FormFactor	186257	$29.85	0.83%	$5,559,771.45
60	VSEC	Common Stock	Industrials	Commercial Services & Supplies	VSE Corporation	42713	$130.09	0.83%	$5,556,534.17
61	ICHR	Common Stock	Information Technology	Semiconductors & Semiconductor Equipment	Ichor Holdings	350898	$15.78	0.83%	$5,537,170.44
62	TRN	Common Stock	Industrials	Machinery	Trinity Industries	213717	$25.74	0.82%	$5,501,075.58
63	IAC	Common Stock	Communication Services	Interactive Media & Services	IAC	151434	$35.96	0.82%	$5,445,566.64
64	MDI CN	Common Stock	Materials	Metals & Mining	Major Drilling Group International	923187	$5.89	0.81%	$5,435,458.13
65	IIIV	Common Stock	Financials	Financial Services	I3 Verticals Cl. A	218879	$24.71	0.81%	$5,408,500.09
66	ANGO	Common Stock	Health Care	Health Care Equipment & Supplies	AngioDynamics	529789	$10.20	0.81%	$5,403,847.80
67	CTS	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	CTS Corporation	132357	$40.69	0.81%	$5,385,606.33
68	LMB	Common Stock	Industrials	Construction & Engineering	Limbach Holdings	41941	$128.22	0.81%	$5,377,675.02
69	RBBN	Common Stock	Information Technology	Communications Equipment	Ribbon Communications	1583618	$3.38	0.80%	$5,352,628.84
70	IPGP	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	IPG Photonics	77567	$66.26	0.77%	$5,139,589.42
71	STKL	Common Stock	Consumer Staples	Food Products	SunOpta	822344	$6.24	0.77%	$5,131,426.56
72	VECO	Common Stock	Information Technology	Semiconductors & Semiconductor Equipment	Veeco Instruments	262615	$19.31	0.76%	$5,071,095.65
73	MG	Common Stock	Industrials	Professional Services	Mistras Group	669494	$7.55	0.76%	$5,054,679.70
74	IMAX	Common Stock	Communication Services	Entertainment	IMAX Corporation	180690	$27.85	0.75%	$5,032,216.50
75	TBI	Common Stock	Industrials	Professional Services	TrueBlue	835662	$6.00	0.75%	$5,013,972.00
76	AAOI	Common Stock	Information Technology	Communications Equipment	Applied Optoelectronics	324053	$15.42	0.75%	$4,996,897.26
77	CUBI	Common Stock	Financials	Banks	Customers Bancorp	97694	$50.96	0.75%	$4,978,486.24
78	MRX	Common Stock	Financials	Capital Markets	Marex Group	114758	$43.16	0.74%	$4,952,955.28
79	FIVN	Common Stock	Information Technology	Software	Five9	186707	$26.51	0.74%	$4,949,602.57
80	NGVT	Common Stock	Materials	Chemicals	Ingevity Corporation	119325	$41.37	0.74%	$4,936,475.25
81	HLIO	Common Stock	Industrials	Machinery	Helios Technologies	160491	$30.32	0.73%	$4,866,087.12
82	WCC	Common Stock	Industrials	Trading Companies & Distributors	WESCO International	28858	$167.89	0.73%	$4,844,969.62
83	NWPX	Common Stock	Industrials	Construction & Engineering	Northwest Pipe	125170	$38.64	0.73%	$4,836,568.80
84	AHCO	Common Stock	Health Care	Health Care Providers & Services	AdaptHealth Corp.	537815	$8.98	0.72%	$4,829,578.70
85	LION	Common Stock	Communication Services	Entertainment	Lionsgate Studios	664915	$7.23	0.72%	$4,807,335.45
86	MEC	Common Stock	Industrials	Machinery	Mayville Engineering	302119	$15.76	0.71%	$4,761,395.44
87	MTRX	Common Stock	Industrials	Construction & Engineering	Matrix Service	389504	$12.22	0.71%	$4,759,738.88
88	CLFD	Common Stock	Information Technology	Communications Equipment	Clearfield	127746	$37.11	0.71%	$4,740,654.06
89	DSP	Common Stock	Information Technology	Software	Viant Technology Cl. A	343149	$13.79	0.71%	$4,732,024.71
90	QNST	Common Stock	Communication Services	Interactive Media & Services	QuinStreet	307504	$15.27	0.70%	$4,695,586.08
91	SD	Common Stock	Energy	Oil, Gas & Consumable Fuels	SandRidge Energy	472317	$9.81	0.69%	$4,633,429.77
92	RLGT	Common Stock	Industrials	Air Freight & Logistics	Radiant Logistics	779845	$5.94	0.69%	$4,632,279.30
93	COHU	Common Stock	Information Technology	Semiconductors & Semiconductor Equipment	Cohu	270955	$17.07	0.69%	$4,625,201.85
94	ABL	Common Stock	Financials	Insurance	Abacus Global Management	595495	$7.73	0.69%	$4,603,176.35
95	AZTA	Common Stock	Health Care	Life Sciences Tools & Services	Azenta	171879	$26.72	0.69%	$4,592,606.88
96	AMG NA	Common Stock	Materials	Metals & Mining	AMG Critical Materials	215608	$21.29	0.69%	$4,590,227.41
97	APEI	Common Stock	Consumer Discretionary	Diversified Consumer Services	American Public Education	154684	$29.45	0.68%	$4,555,443.80
98	GTX	Common Stock	Consumer Discretionary	Automobile Components	Garrett Motion	428517	$10.60	0.68%	$4,542,280.20
99	DCOM	Common Stock	Financials	Banks	Dime Community Bancshares	176802	$25.66	0.68%	$4,536,739.32
100	ADTN	Common Stock	Information Technology	Communications Equipment	ADTRAN Holdings	559639	$8.03	0.67%	$4,493,901.17
101	RAMP	Common Stock	Information Technology	Software	LiveRamp Holdings	137793	$32.58	0.67%	$4,489,295.94
102	STNG	Common Stock	Energy	Oil, Gas & Consumable Fuels	Scorpio Tankers	112635	$39.74	0.67%	$4,476,114.90
103	ASC	Common Stock	Energy	Oil, Gas & Consumable Fuels	Ardmore Shipping	461484	$9.61	0.66%	$4,434,861.24
104	PATK	Common Stock	Consumer Discretionary	Automobile Components	Patrick Industries	51296	$85.86	0.66%	$4,404,274.56
105	CRS	Common Stock	Materials	Metals & Mining	Carpenter Technology	18592	$235.00	0.65%	$4,369,120.00
106	TPH	Common Stock	Consumer Discretionary	Household Durables	Tri Pointe Homes	147602	$29.48	0.65%	$4,351,306.96
107	HZO	Common Stock	Consumer Discretionary	Specialty Retail	MarineMax	205229	$21.20	0.65%	$4,350,854.80
108	PRVA	Common Stock	Health Care	Health Care Providers & Services	Privia Health Group	188085	$22.76	0.64%	$4,280,814.60
109	ENOV	Common Stock	Health Care	Health Care Equipment & Supplies	Enovis Corporation	135857	$31.30	0.64%	$4,252,324.10
110	AMKR	Common Stock	Information Technology	Semiconductors & Semiconductor Equipment	Amkor Technology	235126	$18.02	0.64%	$4,236,970.52
111	EVER	Common Stock	Communication Services	Interactive Media & Services	EverQuote Cl. A	182891	$23.05	0.63%	$4,215,637.55
112	CRTO	Common Stock	Communication Services	Media	Criteo ADR	164867	$25.46	0.63%	$4,197,513.82
113	ONEW	Common Stock	Consumer Discretionary	Specialty Retail	OneWater Marine Cl. A	280961	$14.77	0.62%	$4,149,793.97
114	JILL	Common Stock	Consumer Discretionary	Specialty Retail	J.Jill	257767	$16.00	0.62%	$4,124,272.00
115	FIP	Common Stock	Industrials	Ground Transportation	FTAI Infrastructure	668572	$6.11	0.61%	$4,084,974.92
116	SHYF	Common Stock	Industrials	Machinery	Shyft Group (The)	387183	$10.49	0.61%	$4,061,549.67
117	BBCP	Common Stock	Industrials	Construction & Engineering	Concrete Pumping Holdings	571514	$7.03	0.60%	$4,017,743.42
118	AEIS	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	Advanced Energy Industries	34944	$114.78	0.60%	$4,010,872.32
119	GDYN	Common Stock	Information Technology	IT Services	Grid Dynamics Holdings	319525	$12.53	0.60%	$4,003,648.25
120	HTH	Common Stock	Financials	Banks	Hilltop Holdings	133752	$29.82	0.60%	$3,988,484.64
121	RDNT	Common Stock	Health Care	Health Care Providers & Services	RadNet	69046	$57.49	0.60%	$3,969,454.54
122	RNGR	Common Stock	Energy	Energy Equipment & Services	Ranger Energy Services Cl. A	367677	$10.65	0.59%	$3,915,760.05
123	VPG	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	Vishay Precision Group	149863	$25.72	0.58%	$3,854,476.36
124	PTEN	Common Stock	Energy	Energy Equipment & Services	Patterson-UTI Energy	695318	$5.52	0.58%	$3,838,155.36
125	HROW	Common Stock	Health Care	Pharmaceuticals	Harrow	135386	$28.11	0.57%	$3,805,700.46
126	ASTH	Common Stock	Health Care	Health Care Providers & Services	Astrana Health	152676	$24.79	0.57%	$3,784,838.04
127	NEO	Common Stock	Health Care	Health Care Providers & Services	NeoGenomics	517211	$7.28	0.56%	$3,765,296.08
128	CVCO	Common Stock	Consumer Discretionary	Household Durables	Cavco Industries	8677	$433.60	0.56%	$3,762,303.82
129	KLIC	Common Stock	Information Technology	Semiconductors & Semiconductor Equipment	Kulicke & Soffa Industries	117014	$32.15	0.56%	$3,762,000.10
130	IPI	Common Stock	Materials	Chemicals	Intrepid Potash	97935	$37.76	0.55%	$3,698,025.60
131	NOG	Common Stock	Energy	Oil, Gas & Consumable Fuels	Northern Oil and Gas	138052	$26.58	0.55%	$3,669,422.16
132	AGX	Common Stock	Industrials	Construction & Engineering	Argan	17181	$210.30	0.54%	$3,613,164.30
133	AIOT	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	Powerfleet	790488	$4.55	0.54%	$3,596,720.40
134	AOSL	Common Stock	Information Technology	Semiconductors & Semiconductor Equipment	Alpha and Omega Semiconductor	168904	$21.22	0.54%	$3,584,142.88
135	EVR	Common Stock	Financials	Capital Markets	Evercore Cl. A	15475	$231.49	0.54%	$3,582,307.75
136	DNOW	Common Stock	Industrials	Trading Companies & Distributors	DNOW	248007	$14.42	0.54%	$3,576,260.94
137	BRDG	Common Stock	Financials	Capital Markets	Bridge Investment Group Holdings Cl. A	381712	$9.20	0.53%	$3,511,750.40
138	WNC	Common Stock	Industrials	Machinery	Wabash National	404851	$8.67	0.53%	$3,510,058.17
139	BVS	Common Stock	Health Care	Health Care Equipment & Supplies	Bioventus Cl. A	536990	$6.48	0.52%	$3,479,695.20
140	OGN	Common Stock	Health Care	Pharmaceuticals	Organon & Co	377291	$9.22	0.52%	$3,478,623.02
141	AROC	Common Stock	Energy	Energy Equipment & Services	Archrock	139481	$24.90	0.52%	$3,473,076.90
142	BZH	Common Stock	Consumer Discretionary	Household Durables	Beazer Homes USA	168379	$20.52	0.52%	$3,455,137.08
143	PRSU	Common Stock	Industrials	Commercial Services & Supplies	Pursuit Attractions and Hospitality	123866	$27.89	0.52%	$3,454,622.74
144	KOPN	Common Stock	Information Technology	Semiconductors & Semiconductor Equipment	Kopin Corporation	2697788	$1.28	0.52%	$3,453,168.64
145	MTUS	Common Stock	Materials	Metals & Mining	Metallus	266981	$12.63	0.51%	$3,371,970.03
146	VSCO	Common Stock	Consumer Discretionary	Specialty Retail	Victoria's Secret & Co.	157657	$21.21	0.50%	$3,343,904.97
147	VET CN	Common Stock	Energy	Oil, Gas & Consumable Fuels	Vermilion Energy	511710	$6.53	0.50%	$3,340,927.31
148	HCSG	Common Stock	Industrials	Commercial Services & Supplies	Healthcare Services Group	235570	$14.10	0.50%	$3,321,537.00
149	HRI	Common Stock	Industrials	Trading Companies & Distributors	Herc Holdings	26773	$124.00	0.50%	$3,319,852.00
150	HUBG	Common Stock	Industrials	Air Freight & Logistics	Hub Group Cl. A	98105	$33.71	0.50%	$3,307,119.55
151	ROCK	Common Stock	Industrials	Building Products	Gibraltar Industries	56123	$58.58	0.49%	$3,287,685.34
152	GSM	Common Stock	Materials	Metals & Mining	Ferroglobe	897212	$3.63	0.49%	$3,256,879.56
153	RGP	Common Stock	Industrials	Professional Services	Resources Connection	622302	$5.22	0.49%	$3,245,304.93
154	JBI	Common Stock	Industrials	Building Products	Janus International Group	396631	$8.17	0.49%	$3,240,475.27
155	GOGO	Common Stock	Communication Services	Wireless Telecommunication Services	Gogo	305111	$10.61	0.49%	$3,237,227.71
156	MHO	Common Stock	Consumer Discretionary	Household Durables	M/I Homes	30109	$106.61	0.48%	$3,209,920.49
157	AFN CN	Common Stock	Industrials	Machinery	Ag Growth International	115368	$27.61	0.48%	$3,185,261.43
158	SSYS	Common Stock	Industrials	Machinery	Stratasys	300105	$10.33	0.46%	$3,100,084.65
159	CON	Common Stock	Health Care	Health Care Providers & Services	Concentra Group Holdings Parent	142291	$21.63	0.46%	$3,077,754.33
160	KELYA	Common Stock	Industrials	Professional Services	Kelly Services Cl. A	259450	$11.72	0.46%	$3,040,754.00
161	SEE	Common Stock	Materials	Containers & Packaging	Sealed Air	94049	$32.20	0.45%	$3,028,377.80
162	LBRT	Common Stock	Energy	Energy Equipment & Services	Liberty Energy Cl. A	260200	$11.59	0.45%	$3,015,718.00
163	ECPG	Common Stock	Financials	Consumer Finance	Encore Capital Group	79372	$37.90	0.45%	$3,008,198.80
164	TITN	Common Stock	Industrials	Trading Companies & Distributors	Titan Machinery	158831	$18.68	0.44%	$2,966,963.08
165	IIIN	Common Stock	Industrials	Building Products	Insteel Industries	84406	$35.02	0.44%	$2,955,898.12
166	SHLS	Common Stock	Industrials	Electrical Equipment	Shoals Technologies Group Cl. A	624910	$4.72	0.44%	$2,949,575.20
167	VSH	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	Vishay Intertechnology	207629	$14.07	0.44%	$2,921,340.03
168	AX	Common Stock	Financials	Banks	Axos Financial	41972	$69.54	0.44%	$2,918,732.88
169	VREX	Common Stock	Health Care	Health Care Equipment & Supplies	Varex Imaging	378243	$7.67	0.43%	$2,901,123.81
170	FFWM	Common Stock	Financials	Banks	First Foundation	560158	$5.16	0.43%	$2,890,415.28
171	PUMP	Common Stock	Energy	Energy Equipment & Services	ProPetro Holding Corp.	534233	$5.40	0.43%	$2,884,858.20
172	KW	Common Stock	Real Estate	Real Estate Management & Development	Kennedy-Wilson Holdings	452735	$6.37	0.43%	$2,883,921.95
173	ALHC	Common Stock	Health Care	Health Care Providers & Services	Alignment Healthcare	187323	$15.37	0.43%	$2,879,154.51
174	INTT	Common Stock	Information Technology	Semiconductors & Semiconductor Equipment	inTEST Corporation	472191	$6.05	0.43%	$2,856,755.55
175	MC	Common Stock	Financials	Capital Markets	Moelis & Company Cl. A	49792	$57.11	0.43%	$2,843,621.12
176	THRY	Common Stock	Communication Services	Media	Thryv Holdings	212721	$13.30	0.42%	$2,829,189.30
177	WD	Common Stock	Financials	Financial Services	Walker & Dunlop	40957	$68.49	0.42%	$2,805,144.93
178	DAVA	Common Stock	Information Technology	IT Services	Endava ADR Cl. A	179614	$15.44	0.42%	$2,773,240.16
179	AESI	Common Stock	Energy	Energy Equipment & Services	Atlas Energy Solutions	224251	$12.15	0.41%	$2,724,649.65
180	CCS	Common Stock	Consumer Discretionary	Household Durables	Century Communities	51480	$51.87	0.40%	$2,670,267.60
181	MTDR	Common Stock	Energy	Oil, Gas & Consumable Fuels	Matador Resources	60923	$43.01	0.39%	$2,620,298.23
182	SEM	Common Stock	Health Care	Health Care Providers & Services	Select Medical Holdings	165492	$15.29	0.38%	$2,530,372.68
183	BTE	Common Stock	Energy	Oil, Gas & Consumable Fuels	Baytex Energy	1536204	$1.61	0.37%	$2,473,288.44
184	DHX	Common Stock	Communication Services	Interactive Media & Services	DHI Group	1150144	$2.15	0.37%	$2,472,809.60
185	STRZ	Common Stock	Communication Services	Entertainment	Starz Entertainment	117472	$20.96	0.37%	$2,462,213.12
186	CPRI	Common Stock	Consumer Discretionary	Textiles, Apparel & Luxury Goods	Capri Holdings	134890	$18.12	0.37%	$2,444,206.80
187	GILT	Common Stock	Information Technology	Communications Equipment	Gilat Satellite Networks	432981	$5.57	0.36%	$2,411,704.17
188	EVH	Common Stock	Health Care	Health Care Technology	Evolent Health Cl. A	314044	$7.45	0.35%	$2,339,627.80
189	INVE	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	Identiv	712268	$3.27	0.35%	$2,329,116.36
190	TROX	Common Stock	Materials	Chemicals	Tronox Holdings	390723	$5.68	0.33%	$2,219,306.64
191	GDI CN	Common Stock	Industrials	Commercial Services & Supplies	GDI Integrated Facility Services	99179	$22.36	0.33%	$2,217,949.87
192	SRI	Common Stock	Consumer Discretionary	Automobile Components	Stoneridge	427624	$5.02	0.32%	$2,146,672.48
193	TWI	Common Stock	Industrials	Machinery	Titan International	292914	$7.24	0.32%	$2,120,697.36
194	INDI	Common Stock	Information Technology	Semiconductors & Semiconductor Equipment	indie Semiconductor Cl. A	777524	$2.65	0.31%	$2,060,438.60
195	XPER	Common Stock	Information Technology	Software	Xperi	261469	$7.79	0.31%	$2,036,843.51
196	CYH	Common Stock	Health Care	Health Care Providers & Services	Community Health Systems	502836	$3.88	0.29%	$1,951,003.68
197	ZETA	Common Stock	Information Technology	Software	Zeta Global Holdings Cl. A	145906	$13.14	0.29%	$1,917,204.84
198	CMTL	Common Stock	Information Technology	Communications Equipment	Comtech Telecommunications	832202	$2.08	0.26%	$1,730,980.16
199	KFY	Common Stock	Industrials	Professional Services	Korn Ferry	25271	$68.01	0.26%	$1,718,680.71
200	KOS	Common Stock	Energy	Oil, Gas & Consumable Fuels	Kosmos Energy	1034032	$1.66	0.26%	$1,716,493.12
201	TTI	Common Stock	Energy	Energy Equipment & Services	TETRA Technologies	554269	$2.68	0.22%	$1,485,440.92
202	ONTO	Common Stock	Information Technology	Semiconductors & Semiconductor Equipment	Onto Innovation	15916	$91.94	0.22%	$1,463,317.04
203	FN	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	Fabrinet	5939	$232.87	0.21%	$1,383,014.93
204	ASPN	Common Stock	Materials	Chemicals	Aspen Aerogels	221170	$5.76	0.19%	$1,273,939.20
205	FOXF	Common Stock	Consumer Discretionary	Automobile Components	Fox Factory Holding	45907	$25.65	0.18%	$1,177,514.55
206	APYX	Common Stock	Health Care	Health Care Equipment & Supplies	Apyx Medical	730624	$1.56	0.17%	$1,139,773.44
207	VRA	Common Stock	Consumer Discretionary	Textiles, Apparel & Luxury Goods	Vera Bradley	545912	$2.02	0.17%	$1,102,742.24
208	IMMR	Common Stock	Information Technology	Technology Hardware, Storage & Peripherals	Immersion Corporation	145109	$7.52	0.16%	$1,091,219.68
209	UDMY	Common Stock	Consumer Discretionary	Diversified Consumer Services	Udemy	129875	$7.32	0.14%	$950,685.00
210	FLOC	Common Stock	Energy	Energy Equipment & Services	Flowco Holdings Cl. A	52125	$17.21	0.13%	$897,071.25
211	QIPT	Common Stock	Health Care	Health Care Providers & Services	Quipt Home Medical	495776	$1.79	0.13%	$887,439.04
212	CNTY	Common Stock	Consumer Discretionary	Hotels, Restaurants & Leisure	Century Casinos	417984	$1.98	0.12%	$827,608.32
213	AMTM	Common Stock	Industrials	Professional Services	Amentum Holdings	39969	$20.66	0.12%	$825,759.54
214	MDXG	Common Stock	Health Care	Biotechnology	MiMedx Group	123920	$6.43	0.12%	$796,805.60
215	CTLP	Common Stock	Financials	Financial Services	Cantaloupe	91911	$8.37	0.12%	$769,295.07
216	TUSK	Common Stock	Energy	Energy Equipment & Services	Mammoth Energy Services	237232	$2.64	0.09%	$626,292.48
217	TWIN	Common Stock	Industrials	Machinery	Twin Disc	82758	$7.25	0.09%	$599,995.50
218	CAL	Common Stock	Consumer Discretionary	Specialty Retail	Caleres	41029	$13.45	0.08%	$551,840.05
219	APLD	Common Stock	Information Technology	IT Services	Applied Digital	79531	$6.83	0.08%	$543,196.73
220	SMRT	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	SmartRent Cl. A	498492	$0.84	0.06%	$420,876.80
221	TOL	Common Stock	Consumer Discretionary	Household Durables	Toll Brothers	1919	$104.25	0.03%	$200,055.75
222	ARQ	Common Stock	Materials	Chemicals	Advanced Emissions Solutions	26646	$4.94	0.02%	$131,631.24
223	NORNQ!	Common Stock	Materials	Metals & Mining	Noranda Aluminum Holding Corporation	488157	$0.00	0.00%	$0.00

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