ADARA SMALLER COMPANIES FUND
|
||||||||
PORTFOLIO OF INVESTMENTS
|
||||||||
NOVEMBER 30, 2023 (Unaudited)
|
||||||||
NUMBER OF
SHARES
|
VALUE
|
|||||||
COMMON STOCKS — 93.1%
|
||||||||
Aerospace/Defense — 1.7%
|
||||||||
AAR Corp. (a)
|
41,229
|
$
|
2,857,170
|
|||||
Aerovironment, Inc. (a)
|
13,008
|
1,790,031
|
||||||
Curtiss-Wright Corp.
|
2,004
|
428,656
|
||||||
Hexcel Corp.
|
19,505
|
1,351,891
|
||||||
Kratos Defense & Security Solutions, Inc. (a)
|
61,647
|
1,174,375
|
||||||
Mercury Systems, Inc. (a)
|
2,290
|
78,524
|
||||||
Moog, Inc. - Class A
|
1,762
|
246,698
|
||||||
National Presto Industries, Inc.
|
615
|
45,953
|
||||||
7,973,298
|
||||||||
Agriculture — 0.5%
|
||||||||
Alico, Inc.
|
68,790
|
1,923,368
|
||||||
Darling Ingredients, Inc. (a)
|
8,943
|
392,329
|
||||||
Vector Group Ltd.
|
9,371
|
100,364
|
||||||
Vital Farms, Inc. (a)
|
4,462
|
59,434
|
||||||
2,475,495
|
||||||||
Airlines — 0.1%
|
||||||||
Allegiant Travel Co.
|
3,700
|
253,413
|
||||||
SkyWest, Inc. (a)
|
8,137
|
384,717
|
||||||
638,130
|
||||||||
Apparel — 0.9%
|
||||||||
Capri Holdings, Ltd. (a)
|
5,836
|
282,696
|
||||||
Crocs, Inc. (a)
|
6,631
|
700,300
|
||||||
Kontoor Brands, Inc.
|
4,168
|
229,115
|
||||||
Lakeland Industries, Inc.
|
178,780
|
2,611,976
|
||||||
Skechers USA, Inc. - Class A (a)
|
3,666
|
215,964
|
||||||
4,040,051
|
||||||||
Auto Manufacturers — 0.5%
|
||||||||
Blue Bird Corp. (a)
|
37,156
|
708,936
|
||||||
Wabash National Corp.
|
68,055
|
1,491,766
|
||||||
2,200,702
|
||||||||
Auto Parts & Equipment — 1.5%
|
||||||||
Cooper-Standard Holdings, Inc. (a)
|
98,370
|
1,745,084
|
||||||
Dorman Products, Inc. (a)
|
1,368
|
98,551
|
||||||
Fox Factory Holding Corp. (a)
|
664
|
41,507
|
||||||
Gentherm, Inc. (a)
|
4,376
|
200,946
|
||||||
Methode Electronics, Inc.
|
12,810
|
303,981
|
||||||
Miller Industries, Inc.
|
53,890
|
2,141,588
|
||||||
Motorcar Parts of America, Inc. (a)
|
268,650
|
2,589,786
|
||||||
7,121,443
|
||||||||
Banks — 9.0%
|
||||||||
Ameris Bancorp
|
2,245
|
95,592
|
||||||
Bancorp, Inc. (a)
|
37,552
|
1,464,904
|
||||||
Bankwell Financial Group, Inc.
|
37,440
|
1,009,382
|
||||||
Banner Corp.
|
1,733
|
78,228
|
||||||
Cadence Bank
|
22,282
|
558,164
|
||||||
Cambridge Bancorp
|
1,098
|
64,156
|
||||||
Capital Bancorp, Inc.
|
62,030
|
1,313,175
|
||||||
Central Pacific Financial Corp.
|
3,784
|
66,485
|
||||||
City Holding Co.
|
4,208
|
405,104
|
||||||
Civista Bancshares, Inc.
|
106,460
|
1,666,099
|
||||||
Colony Bankcorp, Inc.
|
164,697
|
1,767,199
|
||||||
Community Bank System, Inc.
|
1,997
|
88,587
|
||||||
ConnectOne Bancorp, Inc.
|
5,049
|
99,263
|
||||||
Customers Bancorp, Inc. (a)
|
40,026
|
1,803,972
|
||||||
Dime Community Bancshares, Inc.
|
1,047
|
21,045
|
||||||
Esquire Financial Holdings, Inc.
|
35,005
|
1,630,183
|
||||||
Farmers National Bancorp
|
113,640
|
1,398,908
|
||||||
First BanCorp
|
40,525
|
607,875
|
||||||
First Business Financial Services, Inc.
|
53,989
|
1,888,535
|
||||||
First Commonwealth Financial Corp.
|
18,699
|
250,006
|
||||||
First Financial Bancorp
|
24,036
|
485,768
|
||||||
First Financial Bankshares, Inc.
|
13,162
|
345,502
|
||||||
First Hawaiian, Inc.
|
13,502
|
265,314
|
||||||
First Interstate BancSystem, Inc. - Class A
|
7,996
|
207,016
|
||||||
First Merchants Corp.
|
2,329
|
71,430
|
||||||
First Northwest Bancorp
|
83,950
|
1,239,102
|
||||||
Five Star Bancorp
|
70,610
|
1,613,438
|
||||||
Glacier Bancorp, Inc.
|
5,291
|
177,936
|
||||||
Heartland Financial USA, Inc.
|
3,173
|
98,141
|
||||||
Heritage Commerce Corp.
|
7,938
|
67,394
|
||||||
Hope Bancorp, Inc.
|
27,648
|
270,950
|
||||||
Horizon Bancorp, Inc.
|
125,947
|
1,371,563
|
||||||
Independent Bank Corp.
|
1,193
|
68,025
|
||||||
Kearny Financial Corp.
|
19,818
|
156,562
|
||||||
Lakeland Bancorp, Inc.
|
5,796
|
71,812
|
||||||
Metropolitan Bank Holding Corp. (a)
|
73,756
|
2,874,271
|
||||||
Midland States Bancorp, Inc.
|
2,458
|
55,502
|
||||||
NBT Bancorp, Inc.
|
1,326
|
47,113
|
||||||
Northeast Bank
|
58,560
|
3,002,371
|
||||||
OFG Bancorp
|
7,960
|
267,138
|
||||||
Old National Bancorp
|
10,450
|
155,601
|
||||||
Orrstown Financial Services, Inc.
|
71,086
|
1,701,088
|
||||||
Park National Corp.
|
737
|
81,807
|
||||||
Parke Bancorp, Inc.
|
115,981
|
2,094,617
|
||||||
Pinnacle Financial Partners, Inc.
|
8,605
|
624,465
|
||||||
Preferred Bank
|
1,314
|
80,982
|
||||||
Premier Financial Corp.
|
6,412
|
128,048
|
||||||
S&T Bancorp, Inc.
|
8,702
|
243,569
|
||||||
Sandy Spring Bancorp, Inc.
|
9,705
|
213,704
|
||||||
Seacoast Banking Corp. of Florida
|
28,163
|
654,508
|
||||||
Southside Bancshares, Inc.
|
4,513
|
123,792
|
||||||
Stellar Bancorp, Inc.
|
2,051
|
48,937
|
||||||
Stock Yards Bancorp, Inc.
|
1,084
|
47,826
|
||||||
TriCo Bancshares
|
3,184
|
109,593
|
||||||
Triumph Bancorp, Inc. (a)
|
14,319
|
971,831
|
||||||
UMB Financial Corp.
|
3,164
|
226,732
|
||||||
United Community Banks, Inc.
|
12,730
|
313,794
|
||||||
Unity Bancorp, Inc.
|
72,830
|
1,997,727
|
||||||
USCB Financial Holdings, Inc. (a)
|
135,700
|
1,571,406
|
||||||
Veritex Holdings, Inc.
|
11,815
|
226,139
|
||||||
Walker & Dunlop, Inc.
|
1,925
|
161,739
|
||||||
Washington Trust Bancorp, Inc.
|
5,029
|
134,475
|
||||||
WesBanco, Inc.
|
6,869
|
182,853
|
||||||
West Bancorporation, Inc.
|
68,770
|
1,217,917
|
||||||
42,346,360
|
||||||||
Beverages — 0.8%
|
||||||||
Celsius Holdings, Inc. (a)
|
11,365
|
562,681
|
||||||
Coca-Cola Consolidated, Inc.
|
279
|
204,931
|
||||||
MGP Ingredients, Inc.
|
9,107
|
778,193
|
||||||
Vita Coco Co., Inc. (a)
|
83,722
|
2,349,240
|
||||||
3,895,045
|
||||||||
Biotechnology — 5.9%
|
||||||||
4D Molecular Therapeutics, Inc. (a)
|
3,970
|
50,498
|
||||||
ADMA Biologics, Inc. (a)
|
167,983
|
621,537
|
||||||
Aerovate Therapeutics, Inc. (a)
|
11,565
|
181,686
|
||||||
Allogene Therapeutics, Inc. (a)
|
27,281
|
64,110
|
||||||
ANI Pharmaceuticals, Inc. (a)
|
10,387
|
517,377
|
||||||
Apogee Therapeutics, Inc. (a)
|
25,190
|
491,457
|
||||||
Astria Therapeutics, Inc. (a)
|
29,039
|
135,031
|
||||||
Biohaven Ltd. (a)
|
20,750
|
691,390
|
||||||
Biomea Fusion, Inc. (a)
|
24,823
|
374,083
|
||||||
Cassava Sciences, Inc. (a)
|
2,228
|
46,409
|
||||||
Crinetics Pharmaceuticals, Inc. (a)
|
100,628
|
3,198,964
|
||||||
Cymabay Therapeutics, Inc. (a)
|
56,738
|
1,085,398
|
||||||
Cytokinetics, Inc. (a)
|
5,803
|
194,285
|
||||||
Day One Biopharmaceuticals, Inc. (a)
|
32,773
|
379,511
|
||||||
Denali Therapeutics, Inc. (a)
|
14,635
|
271,040
|
||||||
Dynavax Technologies Corp. (a)
|
108,542
|
1,487,025
|
||||||
Halozyme Therapeutics, Inc. (a)
|
11,244
|
434,131
|
||||||
Ideaya Biosciences, Inc. (a)
|
55,287
|
1,738,776
|
||||||
Immunocore Holdings PLC, ADR (a)
|
7,153
|
377,178
|
||||||
ImmunoGen, Inc. (a)
|
113,000
|
3,316,550
|
||||||
Intra-Cellular Therapies, Inc. (a)
|
13,250
|
813,153
|
||||||
Keros Therapeutics, Inc. (a)
|
1,506
|
45,692
|
||||||
Kiniksa Pharmaceuticals Ltd. - Class A (a)
|
33,687
|
544,719
|
||||||
Ligand Pharmaceuticals, Inc. (a)
|
978
|
57,027
|
||||||
Maravai LifeSciences Holdings, Inc. - Class A (a)
|
20,569
|
104,902
|
||||||
Myriad Genetics, Inc. (a)
|
2,914
|
55,628
|
||||||
NeoGenomics, Inc. (a)
|
41,211
|
748,804
|
||||||
Nuvalent, Inc. - Class A (a)
|
31,088
|
2,032,223
|
||||||
OmniAb Operations, Inc. (a),(b)
|
370
|
0
|
||||||
OmniAb Operations, Inc. (a),(b)
|
370
|
0
|
||||||
Prothena Corp. PLC (a)
|
4,659
|
151,790
|
||||||
RayzeBio, Inc. (a)
|
26,295
|
627,925
|
||||||
REGENXBIO, Inc. (a)
|
2,936
|
57,311
|
||||||
Roivant Sciences Ltd. (a)
|
27,689
|
264,707
|
||||||
Sage Therapeutics, Inc. (a)
|
9,390
|
183,856
|
||||||
Structure Therapeutics, Inc., ADR (a)
|
52,958
|
2,949,231
|
||||||
Theravance Biopharma, Inc. (a)
|
6,387
|
66,936
|
||||||
Veracyte, Inc. (a)
|
27,735
|
710,016
|
||||||
Vericel Corp. (a)
|
1,632
|
58,001
|
||||||
Xenon Pharmaceuticals, Inc. (a)
|
63,492
|
2,322,537
|
||||||
27,450,894
|
||||||||
Building Materials — 2.5%
|
||||||||
AAON, Inc.
|
6,180
|
386,868
|
||||||
American Woodmark Corp. (a)
|
1,043
|
75,513
|
||||||
Apogee Enterprises, Inc.
|
7,722
|
348,262
|
||||||
Armstrong World Industries, Inc.
|
18,244
|
1,547,274
|
||||||
Aspen Aerogels, Inc. (a)
|
57,211
|
599,571
|
||||||
AZEK Co., Inc. (a)
|
16,027
|
552,771
|
||||||
Boise Cascade Co.
|
3,571
|
390,310
|
||||||
Gibraltar Industries, Inc. (a)
|
4,141
|
278,234
|
||||||
Knife River Corp. (a)
|
25,806
|
1,540,102
|
||||||
MDU Resources Group, Inc.
|
28,484
|
545,184
|
||||||
Modine Manufacturing Co. (a)
|
50,320
|
2,475,744
|
||||||
PGT Innovations, Inc. (a)
|
6,101
|
196,391
|
||||||
Simpson Manufacturing Co., Inc.
|
2,069
|
345,461
|
||||||
SPX Technologies, Inc. (a)
|
4,521
|
385,687
|
||||||
Summit Materials, Inc. - Class A (a)
|
38,765
|
1,344,758
|
||||||
UFP Industries, Inc.
|
8,103
|
888,332
|
||||||
11,900,462
|
||||||||
Chemicals — 0.3%
|
||||||||
AdvanSix, Inc.
|
3,917
|
102,351
|
||||||
Balchem Corp.
|
1,142
|
142,430
|
||||||
Chemours Co.
|
9,276
|
254,441
|
||||||
Innospec, Inc.
|
1,121
|
117,783
|
||||||
Koppers Holdings, Inc.
|
7,974
|
360,186
|
||||||
Quaker Chemical Corp.
|
568
|
101,553
|
||||||
Rogers Corp. (a)
|
1,868
|
241,719
|
||||||
Sensient Technologies Corp.
|
1,928
|
111,708
|
||||||
Stepan Co.
|
2,701
|
223,022
|
||||||
1,655,193
|
||||||||
Coal — 0.1%
|
||||||||
Warrior Met Coal, Inc.
|
9,551
|
534,569
|
||||||
Commercial Services — 7.9%
|
||||||||
Acacia Research Corp. (a)
|
320,940
|
1,168,222
|
||||||
Adtalem Global Education, Inc. (a)
|
13,386
|
762,600
|
||||||
Alight, Inc. - Class A (a)
|
128,686
|
984,448
|
||||||
AMN Healthcare Services, Inc. (a)
|
3,294
|
223,333
|
||||||
ARC Document Solutions, Inc.
|
446,350
|
1,263,171
|
||||||
Arlo Technologies, Inc. (a)
|
148,015
|
1,345,456
|
||||||
Barrett Business Services, Inc.
|
32,856
|
3,612,517
|
||||||
BGSF, Inc.
|
165,900
|
1,647,387
|
||||||
BrightView Holdings, Inc. (a)
|
6,056
|
46,268
|
||||||
Brink's Co.
|
4,054
|
319,861
|
||||||
CoreCivic, Inc. (a)
|
175,393
|
2,537,937
|
||||||
CorVel Corp. (a)
|
432
|
90,228
|
||||||
CRA International, Inc.
|
18,580
|
1,760,827
|
||||||
Cross Country Healthcare, Inc. (a)
|
6,965
|
141,181
|
||||||
Deluxe Corp.
|
4,893
|
89,493
|
||||||
EVERTEC, Inc.
|
41,758
|
1,543,793
|
||||||
Flywire Corp. (a)
|
43,656
|
1,017,185
|
||||||
FTI Consulting, Inc. (a)
|
2,567
|
565,921
|
||||||
GEO Group, Inc. (a)
|
122,529
|
1,243,669
|
||||||
Heidrick & Struggles International, Inc.
|
2,031
|
55,203
|
||||||
Herc Holdings, Inc.
|
2,293
|
283,552
|
||||||
Huron Consulting Group, Inc. (a)
|
12,853
|
1,338,897
|
||||||
Insperity, Inc.
|
2,292
|
260,715
|
||||||
Kelly Services, Inc. - Class A
|
46,617
|
969,167
|
||||||
Lincoln Educational Services Corp. (a)
|
161,840
|
1,498,638
|
||||||
MarketAxess Holdings, Inc.
|
1,203
|
288,864
|
||||||
Matthews International Corp. - Class A
|
5,499
|
187,791
|
||||||
Medifast, Inc.
|
3,532
|
234,454
|
||||||
Monro Muffler Brake, Inc.
|
9,687
|
280,148
|
||||||
Perdoceo Education Corp.
|
10,039
|
174,879
|
||||||
Performant Financial Corp. (a)
|
94,404
|
282,268
|
||||||
Progyny, Inc. (a)
|
8,650
|
297,214
|
||||||
Remitly Global, Inc. (a)
|
66,771
|
1,438,247
|
||||||
Rent-A-Center, Inc.
|
3,409
|
99,202
|
||||||
Shift4 Payments, Inc. - Class A (a)
|
7,498
|
493,518
|
||||||
SP Plus Corp. (a)
|
49,539
|
2,533,920
|
||||||
Strategic Education, Inc.
|
1,789
|
159,167
|
||||||
Stride, Inc. (a)
|
29,446
|
1,783,839
|
||||||
Universal Technical Institute, Inc. (a)
|
157,420
|
1,837,091
|
||||||
Viad Corp. (a)
|
40,864
|
1,360,771
|
||||||
WillScot Mobile Mini Holdings Corp. (a)
|
11,761
|
490,669
|
||||||
WW International, Inc. (a)
|
124,604
|
898,395
|
||||||
37,610,106
|
||||||||
Computers — 1.8%
|
||||||||
3D Systems Corp. (a)
|
35,092
|
187,391
|
||||||
ASGN, Inc. (a)
|
2,386
|
212,927
|
||||||
CACI International, Inc. - Class A (a)
|
1,145
|
367,488
|
||||||
Cantaloupe, Inc. (a)
|
9,881
|
69,859
|
||||||
DXC Technology Co. (a)
|
18,671
|
431,860
|
||||||
ExlService Holdings, Inc. (a)
|
27,451
|
778,785
|
||||||
Globant S.A. (a)
|
1,591
|
351,293
|
||||||
Grid Dynamics Holdings, Inc. (a)
|
59,099
|
749,375
|
||||||
Insight Enterprises, Inc. (a)
|
2,176
|
329,490
|
||||||
MAXIMUS, Inc.
|
11,713
|
977,918
|
||||||
NCR Atleos Corp. (a)
|
23,729
|
527,021
|
||||||
NCR Voyix Corp. (a)
|
47,459
|
744,157
|
||||||
One Stop Systems, Inc. (a)
|
185,588
|
382,311
|
||||||
Quantum Corp. (a)
|
447,440
|
133,919
|
||||||
Rimini Street, Inc. (a)
|
394,110
|
1,237,506
|
||||||
Science Applications International Corp.
|
1,681
|
197,366
|
||||||
Thoughtworks Holding, Inc. (a)
|
24,590
|
95,901
|
||||||
WNS Holdings Ltd., ADR (a)
|
10,273
|
611,038
|
||||||
8,385,605
|
||||||||
Cosmetics/Personal Care — 0.6%
|
||||||||
Beauty Health Co., (The) (a)
|
16,722
|
42,808
|
||||||
elf Beauty, Inc. (a)
|
14,235
|
1,681,011
|
||||||
Inter Parfums, Inc.
|
7,974
|
998,026
|
||||||
2,721,845
|
||||||||
Distribution/Wholesale — 1.0%
|
||||||||
G-III Apparel Group Ltd. (a)
|
19,012
|
546,975
|
||||||
Hudson Technologies, Inc. (a)
|
86,620
|
1,069,757
|
||||||
Manitex International, Inc. (a)
|
311,230
|
2,091,466
|
||||||
MRC Global, Inc. (a)
|
7,000
|
72,380
|
||||||
Pool Corp.
|
2,106
|
731,456
|
||||||
SiteOne Landscape Supply, Inc. (a)
|
1,725
|
242,915
|
||||||
WESCO International, Inc.
|
371
|
57,820
|
||||||
4,812,769
|
||||||||
Diversified Financial Services — 1.8%
|
||||||||
Encore Capital Group, Inc. (a)
|
3,458
|
154,918
|
||||||
Enova International, Inc. (a)
|
3,612
|
148,814
|
||||||
Evercore, Inc. - Class A
|
6,329
|
933,844
|
||||||
FTAI Aviation Ltd.
|
52,468
|
2,162,206
|
||||||
Houlihan Lokey, Inc.
|
8,422
|
907,218
|
||||||
Interactive Brokers Group, Inc. - Class A
|
3,063
|
238,424
|
||||||
PJT Partners, Inc. - Class A
|
14,165
|
1,275,700
|
||||||
Radian Group, Inc.
|
25,687
|
660,413
|
||||||
Silvercrest Asset Management Group, Inc. - Class A
|
89,226
|
1,390,141
|
||||||
Virtus Investment Partners, Inc.
|
807
|
157,865
|
||||||
World Acceptance Corp. (a)
|
2,155
|
240,175
|
||||||
8,269,718
|
||||||||
Electric — 0.5%
|
||||||||
Northwestern Energy Group, Inc.
|
25,950
|
1,305,545
|
||||||
PNM Resources, Inc.
|
16,762
|
696,796
|
||||||
Unitil Corp.
|
3,944
|
191,205
|
||||||
2,193,546
|
||||||||
Electrical Components & Equipment — 0.1%
|
||||||||
Encore Wire Corp.
|
1,278
|
235,535
|
||||||
Energizer Holdings, Inc.
|
1,353
|
41,727
|
||||||
Littelfuse, Inc.
|
1,079
|
251,191
|
||||||
528,453
|
||||||||
Electronics — 3.4%
|
||||||||
Applied Optoelectronics, Inc. (a)
|
109,657
|
1,452,955
|
||||||
Atkore International Group, Inc. (a)
|
17,490
|
2,271,951
|
||||||
Badger Meter, Inc.
|
2,217
|
326,719
|
||||||
Benchmark Electronics, Inc.
|
4,446
|
110,928
|
||||||
Brady Corp. - Class A
|
2,928
|
164,759
|
||||||
Camtek Ltd. (Israel) (a)
|
41,177
|
2,613,916
|
||||||
Coherent Corp. (a)
|
3,416
|
125,675
|
||||||
Comtech Telecommunications Corp.
|
144,150
|
1,702,412
|
||||||
Enovix Corp. (a)
|
61,222
|
677,728
|
||||||
ESCO Technologies, Inc.
|
1,920
|
201,562
|
||||||
Itron, Inc. (a)
|
4,655
|
313,654
|
||||||
Ituran Location and Control Ltd.
|
17,893
|
480,248
|
||||||
Kimball Electronics, Inc. (a)
|
111,440
|
2,745,882
|
||||||
Knowles Corp. (a)
|
7,352
|
116,676
|
||||||
OSI Systems, Inc. (a)
|
1,136
|
140,057
|
||||||
Plexus Corp. (a)
|
2,641
|
269,091
|
||||||
Sanmina Corp. (a)
|
6,648
|
333,131
|
||||||
SYNNEX Corp.
|
830
|
81,871
|
||||||
TTM Technologies, Inc. (a)
|
8,548
|
128,305
|
||||||
Vontier Corp.
|
46,036
|
1,552,794
|
||||||
15,810,314
|
||||||||
Energy-Alternate Sources — 0.1%
|
||||||||
Array Technologies, Inc. (a)
|
20,976
|
324,499
|
||||||
Eneti, Inc.
|
5,572
|
60,456
|
||||||
REX American Resources Corp. (a)
|
2,520
|
123,530
|
||||||
SolarEdge Technologies, Inc. (a)
|
1,052
|
83,508
|
||||||
591,993
|
||||||||
Engineering & Construction — 2.9%
|
||||||||
Bowman Consulting Group Ltd. (a)
|
97,470
|
3,005,000
|
||||||
Comfort Systems USA, Inc.
|
4,006
|
775,482
|
||||||
Construction Partners, Inc. - Class A (a)
|
17,748
|
744,706
|
||||||
EMCOR Group, Inc.
|
4,741
|
1,007,557
|
||||||
Exponent, Inc.
|
9,847
|
757,825
|
||||||
Mistras Group, Inc. (a)
|
109,200
|
722,904
|
||||||
MYR Group, Inc. (a)
|
13,375
|
1,664,118
|
||||||
Primoris Services Corp.
|
29,536
|
896,713
|
||||||
Shimmick Corp. (a)
|
130,980
|
812,076
|
||||||
Sterling Construction Co., Inc. (a)
|
30,190
|
1,917,367
|
||||||
TopBuild Corp. (a)
|
4,790
|
1,416,786
|
||||||
13,720,534
|
||||||||
Entertainment — 0.4%
|
||||||||
Atlanta Braves Holdings, Inc. - Class A (a)
|
1,183
|
47,734
|
||||||
Cinemark Holdings, Inc. (a)
|
7,468
|
106,419
|
||||||
Genius Sports Ltd. (a)
|
98,458
|
546,442
|
||||||
IMAX Corp., (Canada) (a)
|
33,302
|
531,167
|
||||||
Monarch Casino & Resort, Inc.
|
3,215
|
202,159
|
||||||
Scientific Games Corp. - Class A (a)
|
6,167
|
545,286
|
||||||
1,979,207
|
||||||||
Environmental Control — 0.5%
|
||||||||
CECO Environmental Corp. (a)
|
25,329
|
487,583
|
||||||
Energy Recovery, Inc. (a)
|
20,404
|
388,900
|
||||||
Montrose Environmental Group, Inc. (a)
|
24,235
|
757,829
|
||||||
Tetra Tech, Inc.
|
3,198
|
505,764
|
||||||
2,140,076
|
||||||||
Food — 1.0%
|
||||||||
Grocery Outlet Holding Corp. (a)
|
20,242
|
571,027
|
||||||
Ingles Markets, Inc. - Class A
|
15,183
|
1,239,236
|
||||||
J&J Snack Foods Corp.
|
578
|
95,110
|
||||||
John B Sanfilippo & Son, Inc.
|
1,789
|
164,659
|
||||||
The Real Good Food Co., Inc. (a)
|
48,654
|
92,443
|
||||||
SpartanNash Co.
|
7,719
|
171,130
|
||||||
Sprouts Farmers Market, Inc. (a)
|
10,296
|
443,552
|
||||||
United Natural Foods, Inc. (a)
|
20,624
|
300,079
|
||||||
Weis Markets, Inc.
|
1,995
|
120,398
|
||||||
Whole Earth Brands, Inc. (a)
|
404,939
|
1,316,052
|
||||||
4,513,686
|
||||||||
Gas — 0.2%
|
||||||||
Southwest Gas Holdings, Inc.
|
17,560
|
1,037,972
|
||||||
Hand/Machine Tools — 0.5%
|
||||||||
Franklin Electric Co., Inc.
|
1,896
|
168,744
|
||||||
Hurco Cos., Inc.
|
61,880
|
1,297,624
|
||||||
MSA Safety, Inc.
|
3,993
|
695,341
|
||||||
2,161,709
|
||||||||
Health Care — 0.0%
|
||||||||
Albireo Pharma Inc. (a),(b)
|
1,908
|
0
|
||||||
Healthcare-Products — 3.2%
|
||||||||
ABIOMED Inc. (a),(b)
|
1,453
|
0
|
||||||
Adaptive Biotechnologies Corp. (a)
|
51,167
|
224,111
|
||||||
Alphatec Holdings, Inc. (a)
|
143,313
|
1,701,125
|
||||||
Atrion Corp.
|
307
|
94,663
|
||||||
Avanos Medical, Inc. (a)
|
2,367
|
51,009
|
||||||
Brooks Automation, Inc. (a)
|
2,595
|
146,280
|
||||||
CryoLife, Inc. (a)
|
3,328
|
59,039
|
||||||
Embecta Corp.
|
46,080
|
845,107
|
||||||
Envista Holdings Corp. (a)
|
40,855
|
927,000
|
||||||
Glaukos Corp. (a)
|
2,161
|
138,066
|
||||||
Haemonetics Corp. (a)
|
3,260
|
263,636
|
||||||
ICU Medical, Inc. (a)
|
578
|
50,725
|
||||||
Inari Medical, Inc. (a)
|
8,861
|
528,913
|
||||||
Inmode Ltd. (a)
|
16,792
|
398,810
|
||||||
Inspire Medical Systems, Inc. (a)
|
2,249
|
326,802
|
||||||
Integra LifeSciences Holdings Corp. (a)
|
3,088
|
121,019
|
||||||
LeMaitre Vascular, Inc.
|
7,485
|
394,460
|
||||||
Masimo Corp. (a)
|
2,530
|
237,213
|
||||||
Merit Medical Systems, Inc. (a)
|
3,088
|
220,977
|
||||||
Omnicell, Inc. (a)
|
8,263
|
275,654
|
||||||
OrthoPediatrics Corp. (a)
|
1,874
|
57,775
|
||||||
Patterson Cos., Inc.
|
32,899
|
835,964
|
||||||
PROCEPT BioRobotics Corp. (a)
|
20,695
|
767,164
|
||||||
Pulmonx Corp. (a)
|
5,099
|
55,579
|
||||||
Quanterix Corp. (a)
|
22,131
|
530,480
|
||||||
Repligen Corp. (a)
|
6,275
|
986,744
|
||||||
RxSight, Inc. (a)
|
29,054
|
876,269
|
||||||
SI-BONE, Inc. (a)
|
20,884
|
395,961
|
||||||
Stevanato Group SpA
|
13,115
|
346,105
|
||||||
Surmodics, Inc. (a)
|
2,311
|
75,847
|
||||||
Tandem Diabetes Care, Inc. (a)
|
10,836
|
219,321
|
||||||
TransMedics Group, Inc. (a)
|
20,981
|
1,587,842
|
||||||
Varex Imaging Corp. (a)
|
7,739
|
145,880
|
||||||
West Pharmaceutical Services, Inc.
|
2,836
|
994,755
|
||||||
14,880,295
|
||||||||
Healthcare-Services — 0.8%
|
||||||||
Amedisys, Inc. (a)
|
8,554
|
800,483
|
||||||
Chemed Corp.
|
621
|
352,107
|
||||||
Ensign Group, Inc.
|
2,982
|
319,283
|
||||||
Fulgent Genetics, Inc. (a)
|
1,785
|
49,230
|
||||||
HealthEquity, Inc. (a)
|
1,801
|
120,703
|
||||||
National HealthCare Corp.
|
3,006
|
230,170
|
||||||
RadNet, Inc. (a)
|
26,580
|
883,253
|
||||||
Surgery Partners, Inc. (a)
|
22,151
|
725,445
|
||||||
US Physical Therapy, Inc.
|
2,284
|
194,209
|
||||||
3,674,883
|
||||||||
Home Builders — 1.6%
|
||||||||
Beazer Homes USA, Inc. (a)
|
35,576
|
936,005
|
||||||
Cavco Industries, Inc. (a)
|
624
|
176,455
|
||||||
Century Communities, Inc.
|
22,594
|
1,629,931
|
||||||
Installed Building Products, Inc.
|
17,059
|
2,567,550
|
||||||
LCI Industries
|
2,012
|
218,322
|
||||||
LGI Homes, Inc. (a)
|
2,657
|
313,712
|
||||||
M/I Homes, Inc. (a)
|
5,874
|
619,766
|
||||||
MDC Holdings, Inc.
|
4,389
|
194,257
|
||||||
Skyline Corp. (a)
|
6,432
|
387,142
|
||||||
Winnebago Industries, Inc.
|
5,231
|
338,079
|
||||||
7,381,219
|
||||||||
Home Furnishings — 0.8%
|
||||||||
Arhaus, Inc. (a)
|
64,410
|
600,301
|
||||||
Ethan Allen Interiors, Inc.
|
3,342
|
89,699
|
||||||
Floor & Decor Holdings, Inc. - Class A (a)
|
2,877
|
263,850
|
||||||
Hamilton Beach Brands Holding Co. - Class A
|
130,070
|
2,006,980
|
||||||
iRobot Corp. (a)
|
747
|
26,974
|
||||||
Universal Electronics, Inc. (a)
|
96,700
|
753,293
|
||||||
3,741,097
|
||||||||
Household Products/Wares — 0.1%
|
||||||||
Central Garden & Pet Co. (a)
|
1,215
|
49,305
|
||||||
Quanex Building Products Corp.
|
1,957
|
60,256
|
||||||
WD-40 Co.
|
1,574
|
380,719
|
||||||
490,280
|
||||||||
Housewares — 0.3%
|
||||||||
Lifetime Brands, Inc.
|
204,693
|
1,314,129
|
||||||
Insurance — 3.6%
|
||||||||
American Equity Investment Life Holding Co. (a)
|
7,985
|
440,453
|
||||||
Axis Capital Holdings Ltd.
|
28,540
|
1,607,944
|
||||||
Donegal Group, Inc. - Class A
|
2,108
|
29,997
|
||||||
Employers Holdings, Inc.
|
3,627
|
138,950
|
||||||
Genworth Financial, Inc. - Class A (a)
|
281,044
|
1,655,349
|
||||||
Goosehead Insurance, Inc., Class A - Class A (a)
|
25,836
|
1,893,262
|
||||||
HCI Group, Inc.
|
13,005
|
1,102,434
|
||||||
Heritage Insurance Holdings, Inc. (a)
|
284,628
|
2,501,880
|
||||||
Mercury General Corp.
|
25,954
|
966,786
|
||||||
NMI Holdings, Inc. - Class A (a)
|
34,518
|
949,245
|
||||||
Palomar Holdings, Inc. (a)
|
5,815
|
340,236
|
||||||
RLI Corp.
|
1,478
|
200,417
|
||||||
Safety Insurance Group, Inc.
|
1,668
|
128,319
|
||||||
Selective Insurance Group, Inc.
|
3,866
|
393,134
|
||||||
Skyward Specialty Insurance Group, Inc. (a)
|
43,122
|
1,410,089
|
||||||
Stewart Information Services Corp.
|
2,200
|
103,950
|
||||||
White Mountains Insurance Group Ltd.
|
1,937
|
2,967,329
|
||||||
16,829,774
|
||||||||
Internet — 2.0%
|
||||||||
Couchbase, Inc. (a)
|
30,574
|
600,473
|
||||||
DHI Group, Inc. (a)
|
321,810
|
791,653
|
||||||
ePlus, Inc. (a)
|
28,833
|
1,830,319
|
||||||
EverQuote, Inc. - Class A (a)
|
58,930
|
617,586
|
||||||
Gambling.com Group Ltd. (a)
|
66,940
|
639,946
|
||||||
HealthStream, Inc.
|
2,700
|
67,500
|
||||||
QuinStreet, Inc. (a)
|
39,153
|
489,021
|
||||||
Roku, Inc. (a)
|
8,757
|
912,480
|
||||||
Rover Group, Inc. (a)
|
94,559
|
1,034,476
|
||||||
Sprinklr, Inc. - Class A (a)
|
47,499
|
744,784
|
||||||
TripAdvisor, Inc. (a)
|
62,975
|
1,122,844
|
||||||
Yelp, Inc. (a)
|
19,930
|
871,140
|
||||||
9,722,222
|
||||||||
Investment Companies — 0.3%
|
||||||||
Cannae Holdings, Inc. (a)
|
74,291
|
1,334,266
|
||||||
Iron/Steel — 0.6%
|
||||||||
ATI, Inc. (a)
|
42,066
|
1,848,801
|
||||||
Carpenter Technology Corp.
|
11,908
|
843,205
|
||||||
2,692,006
|
||||||||
Leisure Time — 0.8%
|
||||||||
Callaway Golf Co. (a)
|
4,678
|
57,352
|
||||||
Lindblad Expeditions Holdings, Inc. (a)
|
70,421
|
552,805
|
||||||
OneSpaWorld Holdings Ltd. (a)
|
196,056
|
2,362,475
|
||||||
Vista Outdoor, Inc. (a)
|
14,337
|
404,447
|
||||||
Xponential Fitness, Inc. - Class A (a)
|
36,655
|
500,707
|
||||||
3,877,786
|
||||||||
Lodging — 0.1%
|
||||||||
Boyd Gaming Corp.
|
4,776
|
282,023
|
||||||
Machinery-Construction & Mining — 0.5%
|
||||||||
Argan, Inc.
|
19,747
|
921,000
|
||||||
Astec Industries, Inc.
|
3,361
|
104,494
|
||||||
BWX Technologies, Inc.
|
16,001
|
1,248,558
|
||||||
2,274,052
|
||||||||
Machinery-Diversified — 1.3%
|
||||||||
Albany International Corp. - Class A
|
1,126
|
96,633
|
||||||
Applied Industrial Technologies, Inc.
|
6,241
|
998,997
|
||||||
Chart Industries, Inc. (a)
|
3,219
|
418,567
|
||||||
Flowserve Corp.
|
18,155
|
694,610
|
||||||
Lindsay Corp.
|
4,924
|
587,482
|
||||||
Tennant Co.
|
2,414
|
206,687
|
||||||
Toro Co.
|
5,348
|
443,884
|
||||||
Twin Disc, Inc.
|
185,495
|
2,539,427
|
||||||
5,986,287
|
||||||||
Media — 0.4%
|
||||||||
Cable One, Inc.
|
1,305
|
694,365
|
||||||
EW Scripps Co. - Class A (a)
|
28,653
|
197,992
|
||||||
Gray Television, Inc.
|
44,952
|
347,479
|
||||||
Scholastic Corp.
|
3,196
|
121,416
|
||||||
Sinclair, Inc.
|
29,261
|
368,981
|
||||||
1,730,233
|
||||||||
Metal Fabricate/Hardware — 1.2%
|
||||||||
Advanced Drainage Systems, Inc.
|
4,797
|
580,965
|
||||||
AZZ, Inc.
|
1,964
|
96,570
|
||||||
Mueller Industries, Inc.
|
11,950
|
496,283
|
||||||
NN, Inc. (a)
|
179,350
|
430,440
|
||||||
Northwest Pipe Co. (a)
|
86,990
|
2,359,169
|
||||||
Standex International Corp.
|
1,485
|
198,723
|
||||||
Strattec Security Corp. (a)
|
66,980
|
1,428,683
|
||||||
5,590,833
|
||||||||
Mining — 0.4%
|
||||||||
Century Aluminum Co. (a)
|
18,637
|
146,487
|
||||||
Uranium Energy Corp. (a)
|
278,409
|
1,815,227
|
||||||
1,961,714
|
||||||||
Miscellaneous Manufacturing — 1.4%
|
||||||||
Axon Enterprise, Inc. (a)
|
5,340
|
1,227,506
|
||||||
Enpro Industries, Inc.
|
4,961
|
637,141
|
||||||
Fabrinet (a)
|
7,444
|
1,205,184
|
||||||
Federal Signal Corp.
|
28,443
|
1,960,860
|
||||||
John Bean Technologies Corp.
|
2,493
|
257,527
|
||||||
Materion Corp.
|
2,877
|
325,418
|
||||||
Myers Industries, Inc.
|
2,441
|
43,010
|
||||||
Park Aerospace Corp.
|
58,707
|
885,302
|
||||||
Sturm Ruger & Co., Inc.
|
968
|
42,553
|
||||||
6,584,501
|
||||||||
Office Furnishings — 0.0%
|
||||||||
Interface, Inc.
|
11,644
|
117,721
|
||||||
Office-Business Equipment — 0.0%
|
||||||||
Pitney Bowes, Inc.
|
13,705
|
55,368
|
||||||
Oil & Gas — 2.0%
|
||||||||
Chevron Corp.
|
10,039
|
1,441,600
|
||||||
Delek US Holdings, Inc.
|
40,494
|
1,099,007
|
||||||
Evolution Petroleum Corp.
|
60,009
|
355,853
|
||||||
Helmerich & Payne, Inc.
|
4,567
|
165,463
|
||||||
Patterson-UTI Energy, Inc.
|
112,890
|
1,321,942
|
||||||
PBF Energy, Inc. - Class A
|
5,245
|
232,878
|
||||||
Permian Resources Corp.
|
112,142
|
1,473,546
|
||||||
Range Resources Corp.
|
29,237
|
950,203
|
||||||
SM Energy Co.
|
36,792
|
1,377,860
|
||||||
Southwestern Energy Co. (a)
|
112,602
|
742,047
|
||||||
Talos Energy, Inc. (a)
|
23,929
|
333,092
|
||||||
9,493,491
|
||||||||
Oil & Gas Services — 2.1%
|
||||||||
DMC Global, Inc. (a)
|
64,520
|
1,029,094
|
||||||
Helix Energy Solutions Group, Inc. (a)
|
41,891
|
390,424
|
||||||
Liberty Energy, Inc.
|
40,148
|
796,938
|
||||||
Natural Gas Services Group, Inc. (a)
|
200,570
|
3,068,721
|
||||||
NOW, Inc. (a)
|
52,743
|
525,848
|
||||||
Oceaneering International, Inc. (a)
|
59,285
|
1,224,828
|
||||||
Profire Energy, Inc. (a)
|
511,820
|
854,739
|
||||||
TechnipFMC PLC
|
50,245
|
1,041,076
|
||||||
Tidewater, Inc. (a)
|
21,166
|
1,271,653
|
||||||
10,203,321
|
||||||||
Packaging & Containers — 0.2%
|
||||||||
Clearwater Paper Corp. (a)
|
2,737
|
95,987
|
||||||
O-I Glass, Inc. (a)
|
6,528
|
96,353
|
||||||
TriMas Corp.
|
35,375
|
906,661
|
||||||
1,099,001
|
||||||||
Pharmaceuticals — 1.7%
|
||||||||
AdaptHealth Corp. (a)
|
9,594
|
81,357
|
||||||
Amphastar Pharmaceuticals, Inc. (a)
|
6,771
|
381,343
|
||||||
Collegium Pharmaceutical, Inc. (a)
|
2,619
|
67,125
|
||||||
Corcept Therapeutics, Inc. (a)
|
3,332
|
84,866
|
||||||
Ironwood Pharmaceuticals, Inc. (a)
|
29,813
|
295,149
|
||||||
KalVista Pharmaceuticals Inc. (a)
|
39,035
|
329,456
|
||||||
Madrigal Pharmaceuticals, Inc. (a)
|
334
|
67,902
|
||||||
MERUS NV (a)
|
46,256
|
1,144,374
|
||||||
Morphic Holding, Inc. (a)
|
13,572
|
321,656
|
||||||
Option Care Health, Inc. (a)
|
19,499
|
580,095
|
||||||
Owens & Minor, Inc. (a)
|
3,772
|
74,987
|
||||||
Pacira BioSciences, Inc. (a)
|
1,519
|
41,438
|
||||||
PetIQ, Inc. (a)
|
48,847
|
850,915
|
||||||
Premier, Inc. - Class A
|
20,976
|
431,896
|
||||||
Prestige Brands Holdings, Inc. (a)
|
3,474
|
199,234
|
||||||
Rhythm Pharmaceuticals, Inc. (a)
|
31,619
|
1,057,023
|
||||||
Vaxcyte, Inc. (a)
|
46,260
|
2,394,880
|
||||||
8,403,696
|
||||||||
Real Estate — 0.7%
|
||||||||
Marcus & Millichap, Inc.
|
2,121
|
72,984
|
||||||
McGrath RentCorp
|
30,596
|
3,111,307
|
||||||
Newmark Group, Inc. - Class A
|
36,036
|
296,576
|
||||||
3,480,867
|
||||||||
REITS — 2.5%
|
||||||||
Agree Realty Corp.
|
1,641
|
97,164
|
||||||
Alexander & Baldwin, Inc.
|
4,543
|
76,095
|
||||||
Alpine Income Property Trust, Inc.
|
106,224
|
1,734,638
|
||||||
American Assets Trust, Inc.
|
14,803
|
298,132
|
||||||
Apollo Commercial Real Estate Finance, Inc.
|
44,054
|
474,902
|
||||||
CareTrust REIT, Inc.
|
7,113
|
164,168
|
||||||
Centerspace
|
2,329
|
124,229
|
||||||
Chatham Lodging Trust
|
17,141
|
169,867
|
||||||
Community Healthcare Trust, Inc.
|
5,498
|
148,996
|
||||||
DiamondRock Hospitality Co.
|
13,130
|
109,242
|
||||||
EastGroup Properties, Inc.
|
2,590
|
450,012
|
||||||
Getty Realty Corp.
|
5,173
|
152,241
|
||||||
Gladstone Commercial Corp.
|
10,245
|
128,063
|
||||||
Gladstone Land Corp.
|
6,828
|
97,982
|
||||||
Global Medical REIT, Inc.
|
179,420
|
1,799,583
|
||||||
Great Ajax Corp.
|
202,600
|
958,298
|
||||||
Kite Realty Group Trust
|
7,450
|
157,344
|
||||||
Lexington Realty Trust
|
12,112
|
106,343
|
||||||
New York Mortgage Trust, Inc.
|
45,897
|
403,435
|
||||||
NexPoint Residential Trust, Inc.
|
2,074
|
63,153
|
||||||
Outfront Media, Inc.
|
50,443
|
616,918
|
||||||
PennyMac Mortgage Investment Trust
|
24,404
|
342,632
|
||||||
Piedmont Office Realty Trust, Inc. - Class A
|
87,278
|
542,869
|
||||||
PotlatchDeltic Corp.
|
1,462
|
67,018
|
||||||
Ready Capital Corp.
|
6,588
|
67,329
|
||||||
Redwood Trust, Inc.
|
77,920
|
554,011
|
||||||
Regency Centers Corp.
|
2,758
|
173,147
|
||||||
Retail Opportunity Investments Corp.
|
28,261
|
363,719
|
||||||
Saul Centers, Inc.
|
3,903
|
144,216
|
||||||
Tanger, Inc.
|
33,410
|
833,914
|
||||||
Whitestone REIT
|
14,111
|
154,657
|
||||||
11,574,317
|
||||||||
Retail — 6.7%
|
||||||||
Abercrombie & Fitch Co. - Class A (a)
|
24,001
|
1,821,436
|
||||||
Advance Auto Parts, Inc.
|
24,074
|
1,222,718
|
||||||
Asbury Automotive Group, Inc. (a)
|
4,829
|
1,013,221
|
||||||
BJ's Restaurants, Inc. (a)
|
7,047
|
210,917
|
||||||
BJ's Wholesale Club Holdings, Inc. (a)
|
38,316
|
2,474,447
|
||||||
Bloomin' Brands, Inc.
|
20,453
|
477,373
|
||||||
Boot Barn Holdings, Inc. (a)
|
5,509
|
403,699
|
||||||
Buckle, Inc.
|
2,951
|
113,791
|
||||||
Build-A-Bear Workshop, Inc.
|
116,580
|
2,848,049
|
||||||
Casey's General Stores, Inc.
|
1,888
|
519,955
|
||||||
Chuy's Holdings, Inc. (a)
|
3,285
|
115,632
|
||||||
Cracker Barrel Old Country Store, Inc.
|
5,574
|
374,183
|
||||||
Dave & Buster's Entertainment, Inc. (a)
|
17,640
|
723,946
|
||||||
Designer Brands, Inc. - Class A
|
5,265
|
61,285
|
||||||
Destination XL Group, Inc. (a)
|
493,740
|
1,866,337
|
||||||
Dine Brands Global, Inc.
|
3,003
|
130,540
|
||||||
First Watch Restaurant Group, Inc. (a)
|
42,826
|
774,294
|
||||||
FirstCash Holdings, Inc.
|
2,930
|
328,160
|
||||||
Five Below, Inc. (a)
|
6,624
|
1,248,359
|
||||||
Foot Locker, Inc.
|
18,535
|
499,148
|
||||||
Freshpet, Inc. (a)
|
8,809
|
624,999
|
||||||
GMS, Inc. (a)
|
9,865
|
667,269
|
||||||
Group 1 Automotive, Inc.
|
2,270
|
640,367
|
||||||
Guess?, Inc.
|
12,246
|
269,657
|
||||||
Hibbett Sports, Inc.
|
1,413
|
88,383
|
||||||
Kura Sushi USA, Inc. - Class A (a)
|
9,147
|
571,505
|
||||||
Leslie's, Inc. (a)
|
84,968
|
418,892
|
||||||
Lithia Motors, Inc.
|
382
|
101,990
|
||||||
MSC Industrial Direct Co., Inc. - Class A
|
8,736
|
851,061
|
||||||
Murphy USA, Inc.
|
5,145
|
1,901,335
|
||||||
ODP Corp. (a)
|
1,590
|
72,424
|
||||||
Ollie's Bargain Outlet Holdings, Inc. (a)
|
9,458
|
692,988
|
||||||
PriceSmart, Inc.
|
1,079
|
72,714
|
||||||
Red Robin Gourmet Burgers, Inc. (a)
|
206,150
|
1,826,489
|
||||||
RH (a)
|
2,399
|
647,658
|
||||||
Shoe Carnival, Inc.
|
6,304
|
153,124
|
||||||
Signet Jewelers Ltd.
|
5,100
|
419,118
|
||||||
Texas Roadhouse, Inc.
|
8,981
|
1,010,901
|
||||||
Tilly's, Inc. - Class A (a)
|
204,870
|
1,694,275
|
||||||
Warby Parker, Inc. - Class A (a)
|
86,562
|
901,110
|
||||||
Wingstop, Inc.
|
3,366
|
809,052
|
||||||
Zumiez, Inc. (a)
|
3,290
|
62,115
|
||||||
31,724,916
|
||||||||
Savings & Loans — 1.3%
|
||||||||
Axos Financial, Inc. (a)
|
3,461
|
132,453
|
||||||
Banc of California, Inc.
|
1,873
|
21,652
|
||||||
Berkshire Hills Bancorp, Inc.
|
17,583
|
368,012
|
||||||
Eagle Bancorp Montana, Inc.
|
63,570
|
788,268
|
||||||
Flushing Financial Corp.
|
4,361
|
61,621
|
||||||
FS Bancorp, Inc.
|
86,404
|
2,622,361
|
||||||
New York Community Bancorp, Inc.
|
8,845
|
83,231
|
||||||
Northwest Bancshares, Inc.
|
5,826
|
64,902
|
||||||
Pacific Premier Bancorp, Inc.
|
8,033
|
180,903
|
||||||
Provident Financial Services, Inc.
|
10,750
|
163,615
|
||||||
Riverview Bancorp, Inc.
|
242,220
|
1,448,476
|
||||||
5,935,494
|
||||||||
Semiconductors — 2.8%
|
||||||||
Advanced Energy Industries, Inc.
|
2,466
|
234,393
|
||||||
Aehr Test Systems (a)
|
12,477
|
286,472
|
||||||
Amtech Systems, Inc. (a)
|
251,750
|
1,948,545
|
||||||
Axcelis Technologies, Inc. (a)
|
3,272
|
406,644
|
||||||
AXT, Inc. (a)
|
394,730
|
785,513
|
||||||
CEVA, Inc. (a)
|
2,534
|
55,140
|
||||||
Cirrus Logic, Inc. (a)
|
3,525
|
267,583
|
||||||
FormFactor, Inc. (a)
|
7,775
|
292,185
|
||||||
inTEST Corp. (a)
|
110,930
|
1,449,855
|
||||||
Kulicke & Soffa Industries, Inc.
|
6,419
|
330,707
|
||||||
Lattice Semiconductor Corp. (a)
|
9,652
|
565,125
|
||||||
MKS Instruments, Inc.
|
1,371
|
113,176
|
||||||
Monolithic Power Systems, Inc.
|
1,952
|
1,071,101
|
||||||
Onto Innovation, Inc. (a)
|
6,554
|
924,180
|
||||||
Photronics, Inc. (a)
|
53,465
|
1,129,715
|
||||||
Power Integrations, Inc.
|
13,634
|
1,041,774
|
||||||
Semtech Corp. (a)
|
911
|
14,913
|
||||||
Silicon Laboratories, Inc. (a)
|
2,363
|
248,989
|
||||||
SiTime Corp. (a)
|
3,297
|
364,648
|
||||||
SkyWater Technology, Inc. (a)
|
59,016
|
416,063
|
||||||
SMART Global Holdings, Inc. (a)
|
9,014
|
150,173
|
||||||
Veeco Instruments, Inc. (a)
|
43,593
|
1,243,708
|
||||||
13,340,602
|
||||||||
Software — 4.2%
|
||||||||
ACI Worldwide, Inc. (a)
|
49,949
|
1,335,636
|
||||||
ACV Auctions, Inc. - Class A (a)
|
63,229
|
988,269
|
||||||
Agilysys, Inc. (a)
|
20,992
|
1,807,201
|
||||||
Alignment Healthcare, Inc. (a)
|
8,930
|
66,975
|
||||||
Alkami Technology, Inc. (a)
|
33,981
|
773,747
|
||||||
Appfolio, Inc. - Class A (a)
|
3,433
|
649,695
|
||||||
Asure Software, Inc. (a)
|
176,070
|
1,403,278
|
||||||
Blackbaud, Inc. (a)
|
799
|
60,117
|
||||||
BlackLine, Inc. (a)
|
11,545
|
667,878
|
||||||
BM Technologies, Inc. (a)
|
215,920
|
660,715
|
||||||
Cogent Communications Holdings, Inc.
|
1,297
|
82,826
|
||||||
Computer Programs & Systems, Inc. (a)
|
37,144
|
390,383
|
||||||
Concentrix Corp.
|
830
|
78,012
|
||||||
Confluent, Inc. - Class A (a)
|
15,453
|
327,913
|
||||||
CSG Systems International, Inc.
|
2,939
|
144,569
|
||||||
DoubleVerify Holdings, Inc. (a)
|
21,854
|
725,553
|
||||||
Fastly, Inc. - Class A (a)
|
23,719
|
393,973
|
||||||
Five9, Inc. (a)
|
8,598
|
655,340
|
||||||
Genasys, Inc. (a)
|
350,770
|
564,740
|
||||||
Gitlab, Inc. - Class A (a)
|
12,351
|
597,047
|
||||||
Global-e Online Ltd. (a)
|
15,796
|
541,013
|
||||||
JFrog Ltd. (a)
|
21,783
|
587,705
|
||||||
LiveRamp Holdings, Inc. (a)
|
24,698
|
818,986
|
||||||
PDF Solutions, Inc. (a)
|
1,842
|
55,242
|
||||||
Privia Health Group, Inc. (a)
|
30,639
|
633,002
|
||||||
Procore Technologies, Inc. (a)
|
11,111
|
656,549
|
||||||
Progress Software Corp.
|
5,306
|
285,781
|
||||||
PROS Holdings, Inc. (a)
|
11,907
|
435,201
|
||||||
Smartsheet, Inc. - Class A (a)
|
13,316
|
564,332
|
||||||
Smith Micro Software, Inc. (a)
|
711,330
|
483,349
|
||||||
SPS Commerce, Inc. (a)
|
800
|
137,824
|
||||||
Take-Two Interactive Software, Inc. (a)
|
3,504
|
554,333
|
||||||
Verra Mobility Corp. (a)
|
10,407
|
208,973
|
||||||
Vertex, Inc. - Class A (a)
|
33,087
|
928,421
|
||||||
Yext, Inc. (a)
|
94,856
|
628,895
|
||||||
19,893,473
|
||||||||
Telecommunications — 0.6%
|
||||||||
Aviat Networks, Inc. (a)
|
6,616
|
200,531
|
||||||
Calix, Inc. (a)
|
20,565
|
793,603
|
||||||
Credo Technology Group Holding Ltd. (a)
|
35,291
|
632,062
|
||||||
IDT Corp. - Class B (a)
|
3,111
|
91,308
|
||||||
InterDigital, Inc.
|
869
|
86,830
|
||||||
Iridium Communications, Inc.
|
9,628
|
366,827
|
||||||
Lumen Technologies, Inc. (a)
|
116,434
|
152,529
|
||||||
NetGear, Inc. (a)
|
7,443
|
101,523
|
||||||
Telephone & Data Systems, Inc.
|
10,347
|
203,836
|
||||||
United States Cellular Corp. (a)
|
8,331
|
378,477
|
||||||
Viavi Solutions, Inc. (a)
|
23,640
|
191,011
|
||||||
3,198,537
|
||||||||
Textiles — 0.5%
|
||||||||
UniFirst Corp.
|
12,397
|
2,139,722
|
||||||
Toys/Games/Hobbies — 0.3%
|
||||||||
Funko, Inc. - Class A (a)
|
7,565
|
49,021
|
||||||
JAKKS Pacific, Inc. (a)
|
38,690
|
1,139,034
|
||||||
1,188,055
|
||||||||
Transportation — 1.5%
|
||||||||
Air Transport Services Group, Inc. (a)
|
105,895
|
1,684,790
|
||||||
ArcBest Corp.
|
17,018
|
2,028,375
|
||||||
Forward Air Corp.
|
6,038
|
383,594
|
||||||
Knight-Swift Transportation Holdings, Inc.
|
1,873
|
100,730
|
||||||
Marten Transport Ltd.
|
7,327
|
138,114
|
||||||
PAM Transportation Services, Inc. (a)
|
41,286
|
778,654
|
||||||
Saia, Inc. (a)
|
4,008
|
1,564,683
|
||||||
Scorpio Tankers, Inc.
|
4,242
|
232,843
|
||||||
World Kinect Corp.
|
20,029
|
421,410
|
||||||
7,333,193
|
||||||||
Trucking & Leasing — 0.1%
|
||||||||
Greenbrier Cos., Inc.
|
7,861
|
296,438
|
||||||
Water — 0.0%
|
||||||||
American States Water Co.
|
1,758
|
140,464
|
||||||
California Water Service Group
|
1,969
|
99,573
|
||||||
240,037
|
||||||||
TOTAL COMMON STOCKS (COST $325,904,238)
|
438,775,024
|
|||||||
NUMBER OF
SHARES (000'S) |
||||||||
SHORT-TERM INVESTMENTS — 7.3%
|
||||||||
Money Market Funds — 7.3%
|
||||||||
First American Treasury Obligations Fund, 5.28% (c)
|
34,331
|
34,330,735
|
||||||
TOTAL MONEY MARKET FUNDS (COST $34,330,735)
|
34,330,735
|
|||||||
TOTAL SHORT-TERM INVESTMENTS (COST $34,330,735)
|
34,330,735
|
|||||||
TOTAL INVESTMENTS (COST $360,234,973) — 100.4%
|
473,105,759
|
|||||||
LIABILITIES IN EXCESS OF OTHER ASSETS — (0.4)%
|
(1,674,364
|
)
|
||||||
TOTAL NET ASSETS — 100.0%
|
$
|
471,431,395
|
||||||
Percentages are stated as a percent of net assets.
|
ADR American Depositary Receipt
|
PLC Public Limited Company
|
REIT Real Estate Investment Trust
|
(a)
|
Non-income producing security.
|
(b)
|
Security has been valued at fair market value using significant unobservable inputs as determined in good faith by or under the direction of The RBB Fund, Inc.'s Board of Directors. As of November 30, 2023, these
securities amounted to $0 or 0.0% of net assets.
|
(c)
|
The rate shown is as of November 30, 2023.
|
Level 1 -
|
Prices are determined using quoted prices in active markets for identical securities.
|
Level 2 -
|
Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
|
Level 3 -
|
Prices are determined using significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments).
|
ADARA SMALLER COMPANIES FUND
|
|
|||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
|
|
TOTAL
|
|
|
LEVEL 1
|
|
|
LEVEL 2
|
|
|
LEVEL 3
|
|
||||
Assets
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Equities
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||
Common Stocks
|
|
$
|
438,775,024
|
|
|
$
|
438,775,024
|
|
|
$
|
–
|
|
|
$
|
–
|
|
Total Equity Securities
|
|
$
|
438,775,024
|
|
|
$
|
438,775,024
|
|
|
$
|
–
|
|
|
$
|
–
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||
Short-Term Investments
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||
Money Market Funds
|
|
$
|
34,330,735
|
|
|
$
|
34,330,735
|
|
|
$
|
–
|
|
|
$
|
–
|
|
Total Short-Term Investments
|
|
$
|
34,330,735
|
|
|
$
|
34,330,735
|
|
|
$
|
–
|
|
|
$
|
–
|
|
Total Assets*
|
|
$
|
473,105,759
|
|
|
$
|
473,105,759
|
|
|
$
|
–
|
|
|
$
|
–
|
|