Wellesley Asset Management Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	PSN	81,623	$86,112	5.9%	$1005.00	—	45884	70202LAB8
—	LRN	85,646	$85,931	5.8%	$992.92	—	46631	86333MAA6
—	MTOR	71,084	$77,836	5.3%	$1083.82	—	50328	59001KAF7
—	PETQ	64,602	$76,340	5.2%	$1176.22	—	46174	71639TAB2
—	PCRX	61,526	$75,272	5.1%	$1080.65	—	45870	695127AF7
—	VSH	74,589	$75,136	5.1%	$968.70	—	45823	928298AP3
—	HALO	71,432	$63,617	4.3%	$890.60	—	46447	40637HAD1
—	CAKE	68,068	$61,541	4.2%	$952.49	—	46188	163072AA9
—	JAZZ	51,203	$52,492	3.6%	$1017.26	—	45519	472145AD3
—	NUVA	53,956	$51,669	3.5%	$1006.43	—	45731	670704AJ4
—	HAE	48,416	$41,563	2.8%	$858.46	—	46082	405024AB6
—	ITRI	47,522	$41,224	2.8%	$867.47	—	46096	465741AN6
—	LCII	40,735	$37,833	2.6%	$1070.10	—	46157	501812AB7
—	SPOT	43,132	$37,615	2.6%	$872.09	—	46096	84921RAB6
—	ATSG	32,101	$37,436	2.5%	$1071.87	—	45580	00922RAB1
—	F	31,830	$37,223	2.5%	$1169.43	—	46096	345370CZ1
—	LITE	37,521	$37,006	2.5%	$986.27	—	46919	55024UAE9
—	SAVE	38,842	$35,324	2.4%	$947.74	—	46157	848577AB8
—	EEFT	31,442	$35,174	2.4%	$1098.15	—	54497	298736AL3
—	ENPH	33,066	$33,585	2.3%	$1015.70	—	46082	29355AAH0
—	DBX	32,438	$30,755	2.1%	$948.12	—	46082	26210CAC8
—	BMRN	30,062	$30,276	2.1%	$1016.13	—	46522	09061GAK7
—	KAMN	29,581	$30,198	2.1%	$1033.89	—	45413	483548AF0
—	IDCC	24,747	$25,416	1.7%	$1035.54	—	45444	45867GAB7
—	GES	14,624	$15,846	1.1%	$1086.24	—	45397	401617AD7
—	PANW	15,777	$15,777	1.1%	$1000.00	—	45809	697435AF2
—	DKNG	18,480	$13,279	0.9%	$718.56	—	46827	26142RAB0
—	SGH	9,420	$13,147	0.9%	$1283.47	—	46068	83205YAB0
—	NSIT	7,808	$12,546	0.9%	$1606.32	—	45703	45765UAB9
—	DDOG	12,399	$12,399	0.8%	$1000.00	—	45823	23804LAB9
—	CNX	11,772	$11,772	0.8%	$1000.08	—	46143	12653CAG3
—	WWE	11,451	$11,451	0.8%	$1000.20	—	45275	98156QAB4
—	X	11,025	$11,025	0.7%	$1000.21	—	46327	912909AT5
—	LYV	10,612	$10,612	0.7%	$1076.67	—	45000	538034AQ2
—	OSIS	10,376	$10,403	0.7%	$1021.85	—	44805	671044AD7
—	PATK	10,036	$10,036	0.7%	$1035.87	—	44958	703343AB9
—	ATI	9,407	$9,407	0.6%	$1000.09	—	45823	01741RAK8
—	CHGG	9,361	$9,403	0.6%	$1004.49	—	45731	163092AD1
—	SAIL	9,287	$9,287	0.6%	$1000.00	—	45550	78781PAB1
—	PMT	8,840	$8,492	0.6%	$960.63	—	46096	70932AAF0
—	EB	7,778	$7,778	0.5%	$1000.36	—	45992	29975EAB5
—	VREX	6,573	$6,573	0.4%	$1000.32	—	45809	92214XAB2
—	UA	5,571	$5,571	0.4%	$1000.38	—	45444	904311AC1
—	VAC	5,428	$5,428	0.4%	$1037.27	—	44819	57164YAB3
—	AKAM	4,566	$5,261	0.4%	$1111.94	—	46631	00971TAL5
—	TTGT	5,231	$5,231	0.4%	$1000.00	—	46006	87874RAB6
—	MTN	5,290	$5,209	0.4%	$1076.48	—	46023	91879QAN9
—	BXMT	4,675	$4,618	0.3%	$987.81	—	46461	09257WAE0
—	CNK	4,412	$4,412	0.3%	$1396.87	—	45884	17243VAB8
—	UBER	4,375	$4,149	0.3%	$948.34	—	46006	90353TAJ9
—	PAR	4,057	$4,057	0.3%	$1000.41	—	46675	698884AE3
—	STAR	4,014	$4,014	0.3%	$1000.55	—	44819	45031UCB5
—	PEB	3,453	$3,453	0.2%	$1000.00	—	46371	70509VAA8
—	SPWR	3,299	$3,299	0.2%	$1000.59	—	44941	867652AL3
—	HOPE	3,071	$3,020	0.2%	$985.77	—	50540	43940TAB5
—	MSTR	2,776	$2,776	0.2%	$1563.42	—	46006	594972AC5
—	Z	2,557	$2,557	0.2%	$1000.00	—	45536	98954MAE1
—	NMFC	2,374	$2,460	0.2%	$1036.23	—	45153	647551AC4
—	LGND	2,304	$2,245	0.2%	$974.39	—	45061	53220KAF5
—	GBX	1,785	$2,020	0.1%	$1131.65	—	45323	393657AK7
—	TVTX	1,599	$1,599	0.1%	$1000.00	—	47178	89422GAA5
—	LITE	945	$1,101	0.1%	$1198.73	—	46371	55024UAD1
—	RWT	948	$941	0.1%	$992.62	—	45488	758075AD7
—	SUPN	784	$766	0.1%	$977.04	—	45017	868459AD0
—	MFA	535	$535	0.0%	$1000.00	—	45458	55272XAA0
—	WGO	125	$137	0.0%	$1165.45	—	45748	974637AB6
—	HASI	125	$136	0.0%	$1088.00	—	45153	41068XAD2
—	ABNB	125	$121	0.0%	$968.00	—	46096	009066AB7