DEPRINCE RACE & ZOLLO INC Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
HLNE	HAMILTON LANE INC	301,393	$40,480	0.8%	$125.75	0.0%	CL A	407497106
IVT	INVENTRUST PPTYS CORP	955,026	$26,941	0.5%	$28.21	—	COM NEW	46124J201
NOG	NORTHERN OIL & GAS INC	1,187,352	$25,492	0.5%	$22.43	0.0%	COM	665531307
MTCH	MATCH GROUP INC NEW	785,383	$25,360	0.5%	$32.85	0.0%	COM	57667L107
RPM	RPM INTL INC	239,602	$24,919	0.5%	$108.25	0.0%	COM	749685103
HP	HELMERICH & PAYNE INC	806,151	$23,120	0.4%	$26.56	0.0%	COM	423452101
WH	WYNDHAM HOTELS & RESORTS INC	290,813	$21,974	0.4%	$75.40	0.0%	COM	98311A105
AIN	ALBANY INTL CORP	365,025	$18,507	0.4%	$51.55	0.0%	CL A	012348108
PRMB	PRIMO BRANDS CORPORATION	706,958	$11,559	0.2%	$18.48	0.0%	CLASS A COM SHS	741623102
MKC	MCCORMICK & CO INC	161,477	$10,998	0.2%	$65.92	0.0%	COM NON VTG	579780206
KLIC	KULICKE & SOFFA INDS INC	225,583	$10,278	0.2%	$42.09	0.0%	COM	501242101
VNOM	VIPER ENERGY INC	116,302	$4,493	0.1%	$37.86	0.0%	CL A	64361Q101
BMA	BANCO MACRO SA	42,526	$3,834	0.1%	$90.16	—	SPON ADR B	05961W105
RPC	P10 INC	382,873	$3,756	0.1%	$10.14	0.0%	COM CL A	69376K106
BSAC	BANCO SANTANDER CHILE NEW	108,284	$3,369	0.1%	$31.11	—	SP ADR REP COM	05965X109
CPA	COPA HOLDINGS SA	13,787	$1,663	0.0%	$121.26	0.0%	CL A	P31076105

Increased Positions (121)

NBHC NATIONAL BK HLDGS CORP 0.8%

Value ($000) $44,184 (+210.3%) Shares 1,162,432 (+215.4%) Est. Cost $37.73 Unrealized -0.6%

TKR TIMKEN CO 0.9%

Value ($000) $48,212 (+113.1%) Shares 573,069 (+90.4%) Est. Cost $78.28 Unrealized +1.6%

WFRD WEATHERFORD INTL PLC 0.8%

Value ($000) $42,092 (+103.1%) Shares 537,851 (+77.6%) Est. Cost $65.16 Unrealized +11.4%

SMG SCOTTS MIRACLE-GRO CO 1.2%

Value ($000) $60,462 (+47.0%) Shares 1,036,191 (+43.5%) Est. Cost $57.00 Unrealized -3.2%

ELV ELEVANCE HEALTH INC FORMERLY 0.8%

Value ($000) $39,472 (+90.8%) Shares 112,600 (+75.9%) Est. Cost $320.46 Unrealized +5.1%

VFC V F CORP 0.9%

Value ($000) $47,875 (+59.2%) Shares 2,647,977 (+27.1%) Est. Cost $14.33 Unrealized +13.1%

OLED UNIVERSAL DISPLAY CORP 1.0%

Value ($000) $50,021 (+51.8%) Shares 428,335 (+86.6%) Est. Cost $137.39 Unrealized -5.9%

SNDR SCHNEIDER NATIONAL INC 0.9%

Value ($000) $48,431 (+45.2%) Shares 1,825,534 (+15.8%) Est. Cost $22.70 Unrealized +4.0%

CFR CULLEN FROST BANKERS INC 0.8%

Value ($000) $40,791 (+56.1%) Shares 322,128 (+56.3%) Est. Cost $121.57 Unrealized +2.7%

BANR BANNER CORP 0.6%

Value ($000) $30,597 (+85.4%) Shares 488,295 (+93.8%) Est. Cost $63.54 Unrealized -1.7%

PZZA PAPA JOHNS INTL INC 1.2%

Value ($000) $63,816 (-17.9%) Shares 1,657,994 (+2.7%) Est. Cost $48.83 Unrealized -11.3%

WERN WERNER ENTERPRISES INC 1.6%

Value ($000) $82,529 (+19.2%) Shares 2,750,034 (+4.6%) Est. Cost $36.81 Unrealized -25.4%

FUL FULLER H B CO 0.9%

Value ($000) $45,847 (+39.1%) Shares 771,058 (+38.7%) Est. Cost $57.23 Unrealized +2.2%

FCX FREEPORT-MCMORAN INC 0.9%

Value ($000) $49,309 (+30.8%) Shares 970,844 (+1.0%) Est. Cost $41.12 Unrealized +5.3%

GEF GREIF INC 1.1%

Value ($000) $56,715 (+25.2%) Shares 837,742 (+10.5%) Est. Cost $61.89 Unrealized +0.5%

C CITIGROUP INC 1.5%

Value ($000) $80,721 (+16.5%) Shares 691,760 (+1.3%) Est. Cost $52.27 Unrealized +98.3%

GBCI GLACIER BANCORP INC NEW 1.4%

Value ($000) $73,229 (+18.3%) Shares 1,662,407 (+30.7%) Est. Cost $41.04 Unrealized +6.2%

KMT KENNAMETAL INC 0.7%

Value ($000) $38,167 (+40.8%) Shares 1,343,451 (+3.7%) Est. Cost $20.46 Unrealized +23.8%

KNX KNIGHT-SWIFT TRANSN HLDGS IN 0.7%

Value ($000) $38,747 (+39.7%) Shares 741,139 (+5.6%) Est. Cost $48.63 Unrealized -3.9%

MLKN MILLERKNOLL INC 0.9%

Value ($000) $46,267 (+31.1%) Shares 2,530,994 (+27.2%) Est. Cost $20.65 Unrealized -21.6%

AVNT AVIENT CORPORATION 0.8%

Value ($000) $40,252 (+37.2%) Shares 1,288,463 (+44.7%) Est. Cost $31.61 Unrealized -2.8%

OMC OMNICOM GROUP INC 0.8%

Value ($000) $42,316 (+32.8%) Shares 524,037 (+34.0%) Est. Cost $78.31 Unrealized -3.3%

LW LAMB WESTON HLDGS INC 0.6%

Value ($000) $32,911 (-23.9%) Shares 785,650 (+5.5%) Est. Cost $67.38 Unrealized -12.8%

KGS KODIAK GAS SVCS INC 0.7%

Value ($000) $38,258 (+34.8%) Shares 1,022,948 (+33.2%) Est. Cost $34.14 Unrealized +3.6%

HUBG HUB GROUP INC 0.8%

Value ($000) $43,879 (+27.8%) Shares 1,029,791 (+3.3%) Est. Cost $34.34 Unrealized +10.7%

SCL STEPAN CO 0.8%

Value ($000) $42,642 (+28.6%) Shares 900,377 (+29.5%) Est. Cost $74.23 Unrealized -38.3%

DTE DTE ENERGY CO 0.5%

Value ($000) $26,222 (+55.7%) Shares 203,303 (+70.7%) Est. Cost $111.44 Unrealized +21.0%

APOG APOGEE ENTERPRISES INC 0.6%

Value ($000) $31,034 (+42.3%) Shares 852,351 (+70.3%) Est. Cost $39.70 Unrealized -5.7%

WFC WELLS FARGO CO NEW 1.5%

Value ($000) $80,615 (+12.9%) Shares 864,967 (+1.5%) Est. Cost $38.11 Unrealized +127.3%

TRGP TARGA RES CORP 0.5%

Value ($000) $27,460 (+48.4%) Shares 148,833 (+34.8%) Est. Cost $165.91 Unrealized +1.3%

EG EVEREST GROUP LTD 0.8%

Value ($000) $41,275 (+27.6%) Shares 121,630 (+31.7%) Est. Cost $357.16 Unrealized -7.5%

HON HONEYWELL INTL INC 0.7%

Value ($000) $34,432 (+34.2%) Shares 176,493 (+44.8%) Est. Cost $188.08 Unrealized +3.7%

MDLZ MONDELEZ INTL INC 0.7%

Value ($000) $37,263 (+27.2%) Shares 692,231 (+47.6%) Est. Cost $61.92 Unrealized -7.9%

IEX IDEX CORP 1.2%

Value ($000) $63,908 (+14.1%) Shares 359,152 (+4.3%) Est. Cost $196.42 Unrealized -13.0%

RHI ROBERT HALF INC. 1.3%

Value ($000) $66,297 (+12.5%) Shares 2,440,961 (+40.8%) Est. Cost $46.84 Unrealized -39.1%

FITB FIFTH THIRD BANCORP 0.8%

Value ($000) $43,767 (+19.7%) Shares 934,994 (+14.0%) Est. Cost $28.24 Unrealized +54.5%

CARR CARRIER GLOBAL CORPORATION 0.5%

Value ($000) $27,731 (+34.1%) Shares 524,804 (+51.5%) Est. Cost $63.52 Unrealized -12.6%

WD WALKER & DUNLOP INC 1.0%

Value ($000) $51,673 (+15.0%) Shares 859,072 (+59.9%) Est. Cost $77.85 Unrealized -9.5%

EMN EASTMAN CHEM CO 0.7%

Value ($000) $35,689 (+23.3%) Shares 559,128 (+21.7%) Est. Cost $67.77 Unrealized -10.0%

CG CARLYLE GROUP INC 0.5%

Value ($000) $27,264 (+30.4%) Shares 461,245 (+38.3%) Est. Cost $40.77 Unrealized +38.0%

JNJ JOHNSON & JOHNSON 1.0%

Value ($000) $54,115 (+13.2%) Shares 261,488 (+1.4%) Est. Cost $133.49 Unrealized +47.6%

AIZ ASSURANT INC 0.6%

Value ($000) $29,098 (+26.8%) Shares 120,815 (+14.0%) Est. Cost $204.24 Unrealized +9.1%

ACN ACCENTURE PLC IRELAND 0.5%

Value ($000) $27,710 (+28.2%) Shares 103,280 (+17.8%) Est. Cost $285.93 Unrealized -11.1%

WY WEYERHAEUSER CO MTN BE 0.6%

Value ($000) $32,936 (+21.0%) Shares 1,390,311 (+26.7%) Est. Cost $27.95 Unrealized -17.8%

IFF INTERNATIONAL FLAVORS&FRAGRA 0.7%

Value ($000) $36,709 (+18.4%) Shares 544,724 (+8.1%) Est. Cost $83.42 Unrealized -22.8%

COF CAPITAL ONE FINL CORP 0.5%

Value ($000) $26,549 (+24.9%) Shares 109,544 (+9.6%) Est. Cost $190.33 Unrealized +16.7%

NNN NNN REIT INC 0.8%

Value ($000) $40,525 (+14.3%) Shares 1,022,580 (+22.7%) Est. Cost $42.09 Unrealized —

INDB INDEPENDENT BK CORP MASS 1.5%

Value ($000) $76,476 (+7.1%) Shares 1,046,475 (+1.3%) Est. Cost $62.97 Unrealized +12.0%

KWR QUAKER HOUGHTON 0.7%

Value ($000) $38,251 (+14.3%) Shares 278,576 (+9.7%) Est. Cost $155.34 Unrealized -13.1%

UPS UNITED PARCEL SERVICE INC 0.5%

Value ($000) $26,617 (+20.6%) Shares 268,346 (+1.6%) Est. Cost $123.98 Unrealized -25.2%

SBCF SEACOAST BKG CORP FLA 1.3%

Value ($000) $69,892 (+6.9%) Shares 2,224,435 (+3.5%) Est. Cost $24.76 Unrealized +25.8%

USB US BANCORP DEL 0.8%

Value ($000) $42,874 (+11.6%) Shares 803,482 (+1.1%) Est. Cost $35.32 Unrealized +38.0%

FBK FB FINL CORP 1.0%

Value ($000) $52,839 (+8.6%) Shares 946,928 (+8.4%) Est. Cost $50.76 Unrealized +9.6%

NX QUANEX BLDG PRODS CORP 0.6%

Value ($000) $28,828 (+16.8%) Shares 1,874,353 (+8.0%) Est. Cost $24.17 Unrealized -41.7%

SYBT STOCK YDS BANCORP INC 0.1%

Value ($000) $7,376 (+128.5%) Shares 113,560 (+146.2%) Est. Cost $59.55 Unrealized +12.8%

BALL BALL CORP 0.5%

Value ($000) $23,525 (+21.2%) Shares 444,117 (+15.3%) Est. Cost $55.11 Unrealized -10.9%

KFRC KFORCE INC 0.3%

Value ($000) $15,452 (+34.8%) Shares 499,733 (+30.7%) Est. Cost $35.03 Unrealized -16.0%

TFC TRUIST FINL CORP 0.7%

Value ($000) $33,977 (+13.2%) Shares 690,451 (+5.2%) Est. Cost $39.36 Unrealized +16.4%

LKQ LKQ CORP 0.2%

Value ($000) $12,783 (+43.0%) Shares 423,280 (+44.6%) Est. Cost $36.82 Unrealized -18.6%

GS GOLDMAN SACHS GROUP INC 0.7%

Value ($000) $34,006 (+12.2%) Shares 38,687 (+1.6%) Est. Cost $289.66 Unrealized +180.8%

UNP UNION PAC CORP 1.1%

Value ($000) $55,312 (+7.1%) Shares 239,114 (+9.4%) Est. Cost $208.01 Unrealized +9.3%

BAP CREDICORP LTD 0.3%

Value ($000) $13,081 (+35.1%) Shares 45,577 (+25.3%) Est. Cost $174.43 Unrealized +51.8%

JCI JOHNSON CTLS INTL PLC 0.6%

Value ($000) $33,565 (+10.5%) Shares 280,290 (+1.5%) Est. Cost $58.27 Unrealized +97.0%

TTC TORO CO 0.7%

Value ($000) $37,558 (+9.0%) Shares 477,113 (+5.5%) Est. Cost $76.72 Unrealized -3.6%

KALU KAISER ALUMINUM CORP 0.1%

Value ($000) $5,426 (+120.2%) Shares 47,236 (+47.9%) Est. Cost $83.43 Unrealized +13.2%

SFBS SERVISFIRST BANCSHARES INC 0.7%

Value ($000) $38,494 (-7.0%) Shares 536,197 (+4.3%) Est. Cost $74.60 Unrealized -2.2%

MRTN MARTEN TRANS LTD 0.2%

Value ($000) $7,889 (+57.0%) Shares 693,270 (+47.1%) Est. Cost $14.94 Unrealized -29.3%

JPM JPMORGAN CHASE & CO. 1.4%

Value ($000) $74,264 (+3.7%) Shares 230,477 (+1.5%) Est. Cost $130.89 Unrealized +136.5%

ADI ANALOG DEVICES INC 0.4%

Value ($000) $22,965 (+11.9%) Shares 84,681 (+1.4%) Est. Cost $156.21 Unrealized +60.4%

FSBC FIVE STAR BANCORP 0.1%

Value ($000) $4,449 (+101.3%) Shares 124,338 (+81.1%) Est. Cost $31.90 Unrealized +7.8%

CCK CROWN HLDGS INC 0.5%

Value ($000) $27,997 (+8.3%) Shares 271,898 (+1.6%) Est. Cost $88.19 Unrealized +10.4%

MRSH MARSH & MCLENNAN COS INC 0.4%

Value ($000) $21,242 (+10.2%) Shares 114,498 (+19.7%) Est. Cost $201.12 Unrealized -7.3%

OSPN ONESPAN INC 0.1%

Value ($000) $4,930 (+62.7%) Shares 383,925 (+101.4%) Est. Cost $14.24 Unrealized -5.2%

HIG HARTFORD INSURANCE GROUP INC 0.7%

Value ($000) $37,243 (+4.9%) Shares 270,266 (+1.5%) Est. Cost $45.47 Unrealized +189.4%

GABC GERMAN AMERN BANCORP INC 0.2%

Value ($000) $7,950 (+25.2%) Shares 202,901 (+25.5%) Est. Cost $34.47 Unrealized +13.2%

NEE NEXTERA ENERGY INC 0.4%

Value ($000) $20,716 (+7.8%) Shares 258,050 (+1.4%) Est. Cost $69.87 Unrealized +18.1%

MOV MOVADO GROUP INC 0.1%

Value ($000) $5,330 (+38.7%) Shares 258,478 (+27.6%) Est. Cost $16.38 Unrealized +19.1%

CHCT COMMUNITY HEALTHCARE TR INC 0.2%

Value ($000) $8,031 (+21.2%) Shares 489,072 (+13.0%) Est. Cost $27.44 Unrealized —

RGR STURM RUGER & CO INC 0.1%

Value ($000) $3,042 (+78.9%) Shares 93,169 (+138.2%) Est. Cost $36.64 Unrealized +1.1%

EMR EMERSON ELEC CO 0.9%

Value ($000) $46,600 (+2.7%) Shares 351,114 (+1.5%) Est. Cost $71.06 Unrealized +86.3%

CMCSA COMCAST CORP NEW 0.6%

Value ($000) $30,651 (+4.1%) Shares 1,025,466 (+9.4%) Est. Cost $36.32 Unrealized -21.4%

INFY INFOSYS LTD 0.1%

Value ($000) $7,554 (+19.1%) Shares 423,904 (+8.7%) Est. Cost $18.31 Unrealized —

HFWA HERITAGE FINL CORP WASH 0.1%

Value ($000) $2,859 (+67.6%) Shares 120,867 (+71.4%) Est. Cost $23.97 Unrealized -1.8%

HST HOST HOTELS & RESORTS INC 0.4%

Value ($000) $21,270 (+5.7%) Shares 1,199,649 (+1.4%) Est. Cost $13.59 Unrealized +24.6%

MYE MYERS INDS INC 0.1%

Value ($000) $4,082 (+37.4%) Shares 218,063 (+24.3%) Est. Cost $15.87 Unrealized +11.3%

QCOM QUALCOMM INC 0.5%

Value ($000) $25,874 (+4.3%) Shares 151,267 (+1.4%) Est. Cost $124.75 Unrealized +36.9%

SPFI SOUTH PLAINS FINANCIAL INC 0.1%

Value ($000) $4,143 (+34.0%) Shares 106,782 (+33.5%) Est. Cost $33.52 Unrealized +14.2%

MATV MATIV HOLDINGS INC 0.1%

Value ($000) $5,516 (+23.0%) Shares 453,965 (+14.5%) Est. Cost $17.39 Unrealized -32.6%

REXR REXFORD INDL RLTY INC 0.4%

Value ($000) $21,780 (-4.5%) Shares 562,507 (+1.4%) Est. Cost $48.06 Unrealized —

TX TERNIUM SA 0.1%

Value ($000) $4,525 (+29.0%) Shares 118,482 (+17.3%) Est. Cost $31.29 Unrealized —

FMBH FIRST MID ILL BANCSHARES INC 0.1%

Value ($000) $4,778 (+25.9%) Shares 122,504 (+22.3%) Est. Cost $30.45 Unrealized +23.8%

TOWN TOWNEBANK PORTSMOUTH VA 0.1%

Value ($000) $5,854 (+19.8%) Shares 175,430 (+24.2%) Est. Cost $29.37 Unrealized +14.6%

MPB MID PENN BANCORP INC 0.1%

Value ($000) $4,395 (+28.2%) Shares 141,692 (+18.4%) Est. Cost $26.76 Unrealized +9.2%

MPX MARINE PRODS CORP 0.1%

Value ($000) $3,647 (+31.2%) Shares 416,377 (+32.8%) Est. Cost $8.58 Unrealized -1.7%

HBNC HORIZON BANCORP INC 0.0%

Value ($000) $2,580 (+44.9%) Shares 152,100 (+36.8%) Est. Cost $16.16 Unrealized +2.5%

SSB SOUTHSTATE BK CORP 0.3%

Value ($000) $15,373 (+5.3%) Shares 163,352 (+10.6%) Est. Cost $96.24 Unrealized -4.6%

TCBK TRICO BANCSHARES 0.1%

Value ($000) $4,126 (+22.9%) Shares 87,111 (+15.2%) Est. Cost $37.29 Unrealized +23.1%

CINF CINCINNATI FINL CORP 0.3%

Value ($000) $16,455 (+4.9%) Shares 100,755 (+1.5%) Est. Cost $95.53 Unrealized +68.8%

SMBK SMARTFINANCIAL INC 0.1%

Value ($000) $4,885 (+18.2%) Shares 132,067 (+14.1%) Est. Cost $24.37 Unrealized +48.6%

ALL ALLSTATE CORP 0.8%

Value ($000) $40,781 (-1.7%) Shares 195,921 (+1.4%) Est. Cost $113.28 Unrealized +80.2%

IBN ICICI BANK LIMITED 0.2%

Value ($000) $10,965 (+6.9%) Shares 367,948 (+8.4%) Est. Cost $15.51 Unrealized —

PCH POTLATCHDELTIC CORPORATION 1.8%

Value ($000) $93,854 (-0.7%) Shares 2,359,326 (+1.7%) Est. Cost $44.15 Unrealized —

UMH UMH PPTYS INC 0.1%

Value ($000) $3,511 (+22.7%) Shares 220,691 (+14.5%) Est. Cost $17.96 Unrealized —

TNC TENNANT CO 0.2%

Value ($000) $11,547 (+5.3%) Shares 156,674 (+15.9%) Est. Cost $84.35 Unrealized -9.6%

CVGW CALAVO GROWERS INC 0.2%

Value ($000) $8,928 (-6.1%) Shares 410,469 (+11.1%) Est. Cost $25.05 Unrealized -12.3%

RCKY ROCKY BRANDS INC 0.1%

Value ($000) $3,810 (+17.5%) Shares 129,890 (+19.3%) Est. Cost $21.80 Unrealized +35.0%

FAF FIRST AMERN FINL CORP 0.4%

Value ($000) $18,447 (-2.9%) Shares 300,240 (+1.5%) Est. Cost $51.62 Unrealized +20.7%

WLK WESTLAKE CORPORATION 0.3%

Value ($000) $15,100 (+3.7%) Shares 204,226 (+8.1%) Est. Cost $117.56 Unrealized -39.8%

NSSC NAPCO SEC TECHNOLOGIES INC 0.1%

Value ($000) $3,003 (+21.1%) Shares 72,024 (+24.8%) Est. Cost $30.71 Unrealized +36.6%

POOL POOL CORP 0.3%

Value ($000) $13,123 (+3.9%) Shares 57,370 (+40.9%) Est. Cost $290.30 Unrealized -10.6%

UFPI UFP INDUSTRIES INC 0.8%

Value ($000) $41,546 (-1.0%) Shares 456,297 (+1.7%) Est. Cost $100.82 Unrealized -9.2%

MMI MARCUS & MILLICHAP INC 0.1%

Value ($000) $7,219 (+5.5%) Shares 264,518 (+13.5%) Est. Cost $34.24 Unrealized -15.5%

CCS CENTURY CMNTYS INC 0.0%

Value ($000) $2,044 (+16.8%) Shares 34,432 (+24.8%) Est. Cost $62.24 Unrealized -2.5%

ARTNA ARTESIAN RES CORP 0.0%

Value ($000) $2,083 (+14.1%) Shares 65,886 (+17.6%) Est. Cost $40.37 Unrealized -21.4%

NTST NETSTREIT CORP 0.5%

Value ($000) $26,103 (-0.9%) Shares 1,479,740 (+1.5%) Est. Cost $16.68 Unrealized —

KBH KB HOME 1.1%

Value ($000) $59,472 (+0.3%) Shares 1,054,280 (+13.1%) Est. Cost $60.03 Unrealized +1.8%

ASIX ADVANSIX INC 0.1%

Value ($000) $5,082 (+2.8%) Shares 293,768 (+15.1%) Est. Cost $24.05 Unrealized -27.8%

VAC MARRIOTT VACATIONS WORLDWIDE 0.5%

Value ($000) $28,696 (+0.3%) Shares 497,423 (+15.8%) Est. Cost $65.66 Unrealized -10.0%

WTI W & T OFFSHORE INC 0.0%

Value ($000) $2,450 (+3.9%) Shares 1,502,907 (+16.0%) Est. Cost $3.24 Unrealized -40.7%

SNN SMITH & NEPHEW PLC 0.2%

Value ($000) $12,335 (+0.0%) Shares 375,955 (+10.6%) Est. Cost $28.69 Unrealized —

NTAP NETAPP INC 0.2%

Value ($000) $11,254 (-0.0%) Shares 105,093 (+10.6%) Est. Cost $99.96 Unrealized +13.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
NBHC	NATIONAL BK HLDGS CORP	1,162,432 (+215.4%)	$44,184 (+210.3%)	0.8%	$37.73	-0.6%	CL A	633707104
TKR	TIMKEN CO	573,069 (+90.4%)	$48,212 (+113.1%)	0.9%	$78.28	+1.6%	COM	887389104
WFRD	WEATHERFORD INTL PLC	537,851 (+77.6%)	$42,092 (+103.1%)	0.8%	$65.16	+11.4%	ORD SHS	G48833118
SMG	SCOTTS MIRACLE-GRO CO	1,036,191 (+43.5%)	$60,462 (+47.0%)	1.2%	$57.00	-3.2%	CL A	810186106
ELV	ELEVANCE HEALTH INC FORMERLY	112,600 (+75.9%)	$39,472 (+90.8%)	0.8%	$320.46	+5.1%	COM	036752103
VFC	V F CORP	2,647,977 (+27.1%)	$47,875 (+59.2%)	0.9%	$14.33	+13.1%	COM	918204108
OLED	UNIVERSAL DISPLAY CORP	428,335 (+86.6%)	$50,021 (+51.8%)	1.0%	$137.39	-5.9%	COM	91347P105
SNDR	SCHNEIDER NATIONAL INC	1,825,534 (+15.8%)	$48,431 (+45.2%)	0.9%	$22.70	+4.0%	CL B	80689H102
CFR	CULLEN FROST BANKERS INC	322,128 (+56.3%)	$40,791 (+56.1%)	0.8%	$121.57	+2.7%	COM	229899109
BANR	BANNER CORP	488,295 (+93.8%)	$30,597 (+85.4%)	0.6%	$63.54	-1.7%	COM NEW	06652V208
PZZA	PAPA JOHNS INTL INC	1,657,994 (+2.7%)	$63,816 (-17.9%)	1.2%	$48.83	-11.3%	COM	698813102
WERN	WERNER ENTERPRISES INC	2,750,034 (+4.6%)	$82,529 (+19.2%)	1.6%	$36.81	-25.4%	COM	950755108
FUL	FULLER H B CO	771,058 (+38.7%)	$45,847 (+39.1%)	0.9%	$57.23	+2.2%	COM	359694106
FCX	FREEPORT-MCMORAN INC	970,844 (+1.0%)	$49,309 (+30.8%)	0.9%	$41.12	+5.3%	CL B	35671D857
GEF	GREIF INC	837,742 (+10.5%)	$56,715 (+25.2%)	1.1%	$61.89	+0.5%	CL A	397624107
C	CITIGROUP INC	691,760 (+1.3%)	$80,721 (+16.5%)	1.5%	$52.27	+98.3%	COM NEW	172967424
GBCI	GLACIER BANCORP INC NEW	1,662,407 (+30.7%)	$73,229 (+18.3%)	1.4%	$41.04	+6.2%	COM	37637Q105
KMT	KENNAMETAL INC	1,343,451 (+3.7%)	$38,167 (+40.8%)	0.7%	$20.46	+23.8%	COM	489170100
KNX	KNIGHT-SWIFT TRANSN HLDGS IN	741,139 (+5.6%)	$38,747 (+39.7%)	0.7%	$48.63	-3.9%	CL A	499049104
MLKN	MILLERKNOLL INC	2,530,994 (+27.2%)	$46,267 (+31.1%)	0.9%	$20.65	-21.6%	COM	600544100
AVNT	AVIENT CORPORATION	1,288,463 (+44.7%)	$40,252 (+37.2%)	0.8%	$31.61	-2.8%	COM	05368V106
OMC	OMNICOM GROUP INC	524,037 (+34.0%)	$42,316 (+32.8%)	0.8%	$78.31	-3.3%	COM	681919106
LW	LAMB WESTON HLDGS INC	785,650 (+5.5%)	$32,911 (-23.9%)	0.6%	$67.38	-12.8%	COM	513272104
KGS	KODIAK GAS SVCS INC	1,022,948 (+33.2%)	$38,258 (+34.8%)	0.7%	$34.14	+3.6%	COM	50012A108
HUBG	HUB GROUP INC	1,029,791 (+3.3%)	$43,879 (+27.8%)	0.8%	$34.34	+10.7%	CL A	443320106
SCL	STEPAN CO	900,377 (+29.5%)	$42,642 (+28.6%)	0.8%	$74.23	-38.3%	COM	858586100
DTE	DTE ENERGY CO	203,303 (+70.7%)	$26,222 (+55.7%)	0.5%	$111.44	+21.0%	COM	233331107
APOG	APOGEE ENTERPRISES INC	852,351 (+70.3%)	$31,034 (+42.3%)	0.6%	$39.70	-5.7%	COM	037598109
WFC	WELLS FARGO CO NEW	864,967 (+1.5%)	$80,615 (+12.9%)	1.5%	$38.11	+127.3%	COM	949746101
TRGP	TARGA RES CORP	148,833 (+34.8%)	$27,460 (+48.4%)	0.5%	$165.91	+1.3%	COM	87612G101
EG	EVEREST GROUP LTD	121,630 (+31.7%)	$41,275 (+27.6%)	0.8%	$357.16	-7.5%	COM	G3223R108
HON	HONEYWELL INTL INC	176,493 (+44.8%)	$34,432 (+34.2%)	0.7%	$188.08	+3.7%	COM	438516106
MDLZ	MONDELEZ INTL INC	692,231 (+47.6%)	$37,263 (+27.2%)	0.7%	$61.92	-7.9%	CL A	609207105
IEX	IDEX CORP	359,152 (+4.3%)	$63,908 (+14.1%)	1.2%	$196.42	-13.0%	COM	45167R104
RHI	ROBERT HALF INC.	2,440,961 (+40.8%)	$66,297 (+12.5%)	1.3%	$46.84	-39.1%	COM	770323103
FITB	FIFTH THIRD BANCORP	934,994 (+14.0%)	$43,767 (+19.7%)	0.8%	$28.24	+54.5%	COM	316773100
CARR	CARRIER GLOBAL CORPORATION	524,804 (+51.5%)	$27,731 (+34.1%)	0.5%	$63.52	-12.6%	COM	14448C104
WD	WALKER & DUNLOP INC	859,072 (+59.9%)	$51,673 (+15.0%)	1.0%	$77.85	-9.5%	COM	93148P102
EMN	EASTMAN CHEM CO	559,128 (+21.7%)	$35,689 (+23.3%)	0.7%	$67.77	-10.0%	COM	277432100
CG	CARLYLE GROUP INC	461,245 (+38.3%)	$27,264 (+30.4%)	0.5%	$40.77	+38.0%	COM	14316J108
JNJ	JOHNSON & JOHNSON	261,488 (+1.4%)	$54,115 (+13.2%)	1.0%	$133.49	+47.6%	COM	478160104
AIZ	ASSURANT INC	120,815 (+14.0%)	$29,098 (+26.8%)	0.6%	$204.24	+9.1%	COM	04621X108
ACN	ACCENTURE PLC IRELAND	103,280 (+17.8%)	$27,710 (+28.2%)	0.5%	$285.93	-11.1%	SHS CLASS A	G1151C101
WY	WEYERHAEUSER CO MTN BE	1,390,311 (+26.7%)	$32,936 (+21.0%)	0.6%	$27.95	-17.8%	COM NEW	962166104
IFF	INTERNATIONAL FLAVORS&FRAGRA	544,724 (+8.1%)	$36,709 (+18.4%)	0.7%	$83.42	-22.8%	COM	459506101
COF	CAPITAL ONE FINL CORP	109,544 (+9.6%)	$26,549 (+24.9%)	0.5%	$190.33	+16.7%	COM	14040H105
NNN	NNN REIT INC	1,022,580 (+22.7%)	$40,525 (+14.3%)	0.8%	$42.09	—	COM	637417106
INDB	INDEPENDENT BK CORP MASS	1,046,475 (+1.3%)	$76,476 (+7.1%)	1.5%	$62.97	+12.0%	COM	453836108
KWR	QUAKER HOUGHTON	278,576 (+9.7%)	$38,251 (+14.3%)	0.7%	$155.34	-13.1%	COM	747316107
UPS	UNITED PARCEL SERVICE INC	268,346 (+1.6%)	$26,617 (+20.6%)	0.5%	$123.98	-25.2%	CL B	911312106
SBCF	SEACOAST BKG CORP FLA	2,224,435 (+3.5%)	$69,892 (+6.9%)	1.3%	$24.76	+25.8%	COM NEW	811707801
USB	US BANCORP DEL	803,482 (+1.1%)	$42,874 (+11.6%)	0.8%	$35.32	+38.0%	COM NEW	902973304
FBK	FB FINL CORP	946,928 (+8.4%)	$52,839 (+8.6%)	1.0%	$50.76	+9.6%	COM	30257X104
NX	QUANEX BLDG PRODS CORP	1,874,353 (+8.0%)	$28,828 (+16.8%)	0.6%	$24.17	-41.7%	COM	747619104
SYBT	STOCK YDS BANCORP INC	113,560 (+146.2%)	$7,376 (+128.5%)	0.1%	$59.55	+12.8%	COM	861025104
BALL	BALL CORP	444,117 (+15.3%)	$23,525 (+21.2%)	0.5%	$55.11	-10.9%	COM	058498106
KFRC	KFORCE INC	499,733 (+30.7%)	$15,452 (+34.8%)	0.3%	$35.03	-16.0%	COM	493732101
TFC	TRUIST FINL CORP	690,451 (+5.2%)	$33,977 (+13.2%)	0.7%	$39.36	+16.4%	COM	89832Q109
LKQ	LKQ CORP	423,280 (+44.6%)	$12,783 (+43.0%)	0.2%	$36.82	-18.6%	COM	501889208
GS	GOLDMAN SACHS GROUP INC	38,687 (+1.6%)	$34,006 (+12.2%)	0.7%	$289.66	+180.8%	COM	38141G104
UNP	UNION PAC CORP	239,114 (+9.4%)	$55,312 (+7.1%)	1.1%	$208.01	+9.3%	COM	907818108
BAP	CREDICORP LTD	45,577 (+25.3%)	$13,081 (+35.1%)	0.3%	$174.43	+51.8%	COM	G2519Y108
JCI	JOHNSON CTLS INTL PLC	280,290 (+1.5%)	$33,565 (+10.5%)	0.6%	$58.27	+97.0%	SHS	G51502105
TTC	TORO CO	477,113 (+5.5%)	$37,558 (+9.0%)	0.7%	$76.72	-3.6%	COM	891092108
KALU	KAISER ALUMINUM CORP	47,236 (+47.9%)	$5,426 (+120.2%)	0.1%	$83.43	+13.2%	COM PAR $0.01	483007704
SFBS	SERVISFIRST BANCSHARES INC	536,197 (+4.3%)	$38,494 (-7.0%)	0.7%	$74.60	-2.2%	COM	81768T108
MRTN	MARTEN TRANS LTD	693,270 (+47.1%)	$7,889 (+57.0%)	0.2%	$14.94	-29.3%	COM	573075108
JPM	JPMORGAN CHASE & CO.	230,477 (+1.5%)	$74,264 (+3.7%)	1.4%	$130.89	+136.5%	COM	46625H100
ADI	ANALOG DEVICES INC	84,681 (+1.4%)	$22,965 (+11.9%)	0.4%	$156.21	+60.4%	COM	032654105
FSBC	FIVE STAR BANCORP	124,338 (+81.1%)	$4,449 (+101.3%)	0.1%	$31.90	+7.8%	COM	33830T103
CCK	CROWN HLDGS INC	271,898 (+1.6%)	$27,997 (+8.3%)	0.5%	$88.19	+10.4%	COM	228368106
MRSH	MARSH & MCLENNAN COS INC	114,498 (+19.7%)	$21,242 (+10.2%)	0.4%	$201.12	-7.3%	COM	571748102
OSPN	ONESPAN INC	383,925 (+101.4%)	$4,930 (+62.7%)	0.1%	$14.24	-5.2%	COM	68287N100
HIG	HARTFORD INSURANCE GROUP INC	270,266 (+1.5%)	$37,243 (+4.9%)	0.7%	$45.47	+189.4%	COM	416515104
GABC	GERMAN AMERN BANCORP INC	202,901 (+25.5%)	$7,950 (+25.2%)	0.2%	$34.47	+13.2%	COM	373865104
NEE	NEXTERA ENERGY INC	258,050 (+1.4%)	$20,716 (+7.8%)	0.4%	$69.87	+18.1%	COM	65339F101
MOV	MOVADO GROUP INC	258,478 (+27.6%)	$5,330 (+38.7%)	0.1%	$16.38	+19.1%	COM	624580106
CHCT	COMMUNITY HEALTHCARE TR INC	489,072 (+13.0%)	$8,031 (+21.2%)	0.2%	$27.44	—	COM	20369C106
RGR	STURM RUGER & CO INC	93,169 (+138.2%)	$3,042 (+78.9%)	0.1%	$36.64	+1.1%	COM	864159108
EMR	EMERSON ELEC CO	351,114 (+1.5%)	$46,600 (+2.7%)	0.9%	$71.06	+86.3%	COM	291011104
CMCSA	COMCAST CORP NEW	1,025,466 (+9.4%)	$30,651 (+4.1%)	0.6%	$36.32	-21.4%	CL A	20030N101
INFY	INFOSYS LTD	423,904 (+8.7%)	$7,554 (+19.1%)	0.1%	$18.31	—	SPONSORED ADR	456788108
HFWA	HERITAGE FINL CORP WASH	120,867 (+71.4%)	$2,859 (+67.6%)	0.1%	$23.97	-1.8%	COM	42722X106
HST	HOST HOTELS & RESORTS INC	1,199,649 (+1.4%)	$21,270 (+5.7%)	0.4%	$13.59	+24.6%	COM	44107P104
MYE	MYERS INDS INC	218,063 (+24.3%)	$4,082 (+37.4%)	0.1%	$15.87	+11.3%	COM	628464109
QCOM	QUALCOMM INC	151,267 (+1.4%)	$25,874 (+4.3%)	0.5%	$124.75	+36.9%	COM	747525103
SPFI	SOUTH PLAINS FINANCIAL INC	106,782 (+33.5%)	$4,143 (+34.0%)	0.1%	$33.52	+14.2%	COM	83946P107
MATV	MATIV HOLDINGS INC	453,965 (+14.5%)	$5,516 (+23.0%)	0.1%	$17.39	-32.6%	COM	808541106
REXR	REXFORD INDL RLTY INC	562,507 (+1.4%)	$21,780 (-4.5%)	0.4%	$48.06	—	COM	76169C100
TX	TERNIUM SA	118,482 (+17.3%)	$4,525 (+29.0%)	0.1%	$31.29	—	SPONSORED ADS	880890108
FMBH	FIRST MID ILL BANCSHARES INC	122,504 (+22.3%)	$4,778 (+25.9%)	0.1%	$30.45	+23.8%	COM	320866106
TOWN	TOWNEBANK PORTSMOUTH VA	175,430 (+24.2%)	$5,854 (+19.8%)	0.1%	$29.37	+14.6%	COM	89214P109
MPB	MID PENN BANCORP INC	141,692 (+18.4%)	$4,395 (+28.2%)	0.1%	$26.76	+9.2%	COM	59540G107
MPX	MARINE PRODS CORP	416,377 (+32.8%)	$3,647 (+31.2%)	0.1%	$8.58	-1.7%	COM	568427108
HBNC	HORIZON BANCORP INC	152,100 (+36.8%)	$2,580 (+44.9%)	0.0%	$16.16	+2.5%	COM	440407104
SSB	SOUTHSTATE BK CORP	163,352 (+10.6%)	$15,373 (+5.3%)	0.3%	$96.24	-4.6%	COM	84472E102
TCBK	TRICO BANCSHARES	87,111 (+15.2%)	$4,126 (+22.9%)	0.1%	$37.29	+23.1%	COM	896095106
CINF	CINCINNATI FINL CORP	100,755 (+1.5%)	$16,455 (+4.9%)	0.3%	$95.53	+68.8%	COM	172062101
SMBK	SMARTFINANCIAL INC	132,067 (+14.1%)	$4,885 (+18.2%)	0.1%	$24.37	+48.6%	COM NEW	83190L208
ALL	ALLSTATE CORP	195,921 (+1.4%)	$40,781 (-1.7%)	0.8%	$113.28	+80.2%	COM	020002101
IBN	ICICI BANK LIMITED	367,948 (+8.4%)	$10,965 (+6.9%)	0.2%	$15.51	—	ADR	45104G104
PCH	POTLATCHDELTIC CORPORATION	2,359,326 (+1.7%)	$93,854 (-0.7%)	1.8%	$44.15	—	COM	737630103
UMH	UMH PPTYS INC	220,691 (+14.5%)	$3,511 (+22.7%)	0.1%	$17.96	—	COM	903002103
TNC	TENNANT CO	156,674 (+15.9%)	$11,547 (+5.3%)	0.2%	$84.35	-9.6%	COM	880345103
CVGW	CALAVO GROWERS INC	410,469 (+11.1%)	$8,928 (-6.1%)	0.2%	$25.05	-12.3%	COM	128246105
RCKY	ROCKY BRANDS INC	129,890 (+19.3%)	$3,810 (+17.5%)	0.1%	$21.80	+35.0%	COM	774515100
FAF	FIRST AMERN FINL CORP	300,240 (+1.5%)	$18,447 (-2.9%)	0.4%	$51.62	+20.7%	COM	31847R102
WLK	WESTLAKE CORPORATION	204,226 (+8.1%)	$15,100 (+3.7%)	0.3%	$117.56	-39.8%	COM	960413102
NSSC	NAPCO SEC TECHNOLOGIES INC	72,024 (+24.8%)	$3,003 (+21.1%)	0.1%	$30.71	+36.6%	COM	630402105
POOL	POOL CORP	57,370 (+40.9%)	$13,123 (+3.9%)	0.3%	$290.30	-10.6%	COM	73278L105
UFPI	UFP INDUSTRIES INC	456,297 (+1.7%)	$41,546 (-1.0%)	0.8%	$100.82	-9.2%	COM	90278Q108
MMI	MARCUS & MILLICHAP INC	264,518 (+13.5%)	$7,219 (+5.5%)	0.1%	$34.24	-15.5%	COM	566324109
CCS	CENTURY CMNTYS INC	34,432 (+24.8%)	$2,044 (+16.8%)	0.0%	$62.24	-2.5%	COM	156504300
ARTNA	ARTESIAN RES CORP	65,886 (+17.6%)	$2,083 (+14.1%)	0.0%	$40.37	-21.4%	CL A	043113208
NTST	NETSTREIT CORP	1,479,740 (+1.5%)	$26,103 (-0.9%)	0.5%	$16.68	—	COM	64119V303
KBH	KB HOME	1,054,280 (+13.1%)	$59,472 (+0.3%)	1.1%	$60.03	+1.8%	COM	48666K109
ASIX	ADVANSIX INC	293,768 (+15.1%)	$5,082 (+2.8%)	0.1%	$24.05	-27.8%	COM	00773T101
VAC	MARRIOTT VACATIONS WORLDWIDE	497,423 (+15.8%)	$28,696 (+0.3%)	0.5%	$65.66	-10.0%	COM	57164Y107
WTI	W & T OFFSHORE INC	1,502,907 (+16.0%)	$2,450 (+3.9%)	0.0%	$3.24	-40.7%	COM	92922P106
SNN	SMITH & NEPHEW PLC	375,955 (+10.6%)	$12,335 (+0.0%)	0.2%	$28.69	—	SPDN ADR NEW	83175M205
NTAP	NETAPP INC	105,093 (+10.6%)	$11,254 (-0.0%)	0.2%	$99.96	+13.7%	COM	64110D104

Exited Positions (16)

PRGO PERRIGO CO PLC 1.5%

Value ($000) $78,725 Shares 3,535,035 Est. Cost $33.72 Unrealized -50.6%

CNXC CONCENTRIX CORP 0.6%

Value ($000) $31,768 Shares 688,360 Est. Cost $52.36 Unrealized -23.4%

BAX BAXTER INTL INC 0.6%

Value ($000) $30,571 Shares 1,342,589 Est. Cost $48.50 Unrealized -58.8%

GNTX GENTEX CORP 0.5%

Value ($000) $26,283 Shares 928,729 Est. Cost $26.57 Unrealized -9.3%

LVS LAS VEGAS SANDS CORP 0.5%

Value ($000) $25,243 Shares 469,292 Est. Cost $42.74 Unrealized +43.2%

MMS MAXIMUS INC 0.4%

Value ($000) $22,266 Shares 243,695 Est. Cost $76.66 Unrealized +11.5%

HUN HUNTSMAN CORP 0.4%

Value ($000) $20,971 Shares 2,335,295 Est. Cost $18.87 Unrealized -51.5%

AMAT APPLIED MATLS INC 0.4%

Value ($000) $20,670 Shares 100,956 Est. Cost $157.45 Unrealized +52.1%

MRK MERCK & CO INC 0.4%

Value ($000) $20,205 Shares 240,734 Est. Cost $64.72 Unrealized +44.1%

BBWI BATH & BODY WORKS INC 0.3%

Value ($000) $15,768 Shares 612,124 Est. Cost $28.91 Unrealized -24.9%

WHR WHIRLPOOL CORP 0.2%

Value ($000) $10,299 Shares 131,030 Est. Cost $103.71 Unrealized -28.8%

RGP RESOURCES CONNECTION INC 0.1%

Value ($000) $3,724 Shares 737,384 Est. Cost $9.81 Unrealized -51.4%

— GUARANTY BANCSHARES INC TEX 0.1%

Value ($000) $3,386 Shares 69,460 Est. Cost $30.55 Unrealized —

GSM FERROGLOBE PLC 0.1%

Value ($000) $3,331 Shares 732,166 Est. Cost $4.25 Unrealized +8.2%

CIB GRUPO CIBEST SA 0.1%

Value ($000) $3,136 Shares 60,378 Est. Cost $46.19 Unrealized —

DINO HF SINCLAIR CORP 0.0%

Value ($000) $230 Shares 4,387 Est. Cost $33.97 Unrealized +51.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
PRGO	PERRIGO CO PLC	3,535,035	$78,725	1.5%	$33.72	-50.6%	—	G97822103
CNXC	CONCENTRIX CORP	688,360	$31,768	0.6%	$52.36	-23.4%	—	20602D101
BAX	BAXTER INTL INC	1,342,589	$30,571	0.6%	$48.50	-58.8%	—	071813109
GNTX	GENTEX CORP	928,729	$26,283	0.5%	$26.57	-9.3%	—	371901109
LVS	LAS VEGAS SANDS CORP	469,292	$25,243	0.5%	$42.74	+43.2%	—	517834107
MMS	MAXIMUS INC	243,695	$22,266	0.4%	$76.66	+11.5%	—	577933104
HUN	HUNTSMAN CORP	2,335,295	$20,971	0.4%	$18.87	-51.5%	—	447011107
AMAT	APPLIED MATLS INC	100,956	$20,670	0.4%	$157.45	+52.1%	—	038222105
MRK	MERCK & CO INC	240,734	$20,205	0.4%	$64.72	+44.1%	—	58933Y105
BBWI	BATH & BODY WORKS INC	612,124	$15,768	0.3%	$28.91	-24.9%	—	070830104
WHR	WHIRLPOOL CORP	131,030	$10,299	0.2%	$103.71	-28.8%	—	963320106
RGP	RESOURCES CONNECTION INC	737,384	$3,724	0.1%	$9.81	-51.4%	—	76122Q105
—	GUARANTY BANCSHARES INC TEX	69,460	$3,386	0.1%	$30.55	—	—	400764106
GSM	FERROGLOBE PLC	732,166	$3,331	0.1%	$4.25	+8.2%	—	G33856108
CIB	GRUPO CIBEST SA	60,378	$3,136	0.1%	$46.19	—	—	40090E106
DINO	HF SINCLAIR CORP	4,387	$230	0.0%	$33.97	+51.0%	—	403949100

Decreased Positions (33)

AEO AMERICAN EAGLE OUTFITTERS IN 0.0%

Value ($000) $345 (-99.4%) Shares 13,094 (-99.6%) Est. Cost $10.45 Unrealized +88.1%

ENS ENERSYS 1.6%

Value ($000) $81,268 (-31.0%) Shares 553,783 (-46.9%) Est. Cost $81.70 Unrealized +63.2%

HLIO HELIOS TECHNOLOGIES INC 0.2%

Value ($000) $12,465 (-71.7%) Shares 233,025 (-72.5%) Est. Cost $30.14 Unrealized +78.9%

PTEN PATTERSON-UTI ENERGY INC 0.0%

Value ($000) $143 (-99.5%) Shares 23,482 (-99.6%) Est. Cost $11.79 Unrealized -49.4%

VSH VISHAY INTERTECHNOLOGY INC 0.8%

Value ($000) $42,514 (-36.6%) Shares 2,933,990 (-33.1%) Est. Cost $18.20 Unrealized -17.1%

SON SONOCO PRODS CO 0.5%

Value ($000) $28,599 (-43.7%) Shares 655,339 (-44.4%) Est. Cost $48.99 Unrealized -16.0%

RNST RENASANT CORP 0.4%

Value ($000) $19,451 (-49.3%) Shares 552,280 (-46.9%) Est. Cost $34.02 Unrealized +4.1%

BWA BORGWARNER INC 0.9%

Value ($000) $45,428 (-26.3%) Shares 1,008,171 (-28.1%) Est. Cost $31.40 Unrealized +39.2%

THO THOR INDS INC 0.7%

Value ($000) $37,944 (-24.9%) Shares 369,569 (-24.1%) Est. Cost $88.21 Unrealized +17.1%

SNDK SANDISK CORP 0.6%

Value ($000) $30,736 (-22.1%) Shares 129,482 (-63.2%) Est. Cost $43.86 Unrealized +356.6%

MSM MSC INDL DIRECT INC 0.8%

Value ($000) $41,520 (-17.4%) Shares 493,701 (-9.5%) Est. Cost $81.77 Unrealized +6.0%

FLS FLOWSERVE CORP 1.7%

Value ($000) $87,150 (+11.0%) Shares 1,256,129 (-15.0%) Est. Cost $41.24 Unrealized +55.4%

CBU COMMUNITY FINANCIAL SYSTEM I 0.5%

Value ($000) $27,438 (-20.1%) Shares 477,683 (-18.4%) Est. Cost $61.48 Unrealized -7.0%

GPK GRAPHIC PACKAGING HLDG CO 0.2%

Value ($000) $11,639 (-35.4%) Shares 772,811 (-16.0%) Est. Cost $17.58 Unrealized -6.5%

WTRG ESSENTIAL UTILS INC 0.2%

Value ($000) $8,870 (-39.9%) Shares 231,228 (-37.4%) Est. Cost $38.43 Unrealized +2.4%

NXPI NXP SEMICONDUCTORS N V 0.6%

Value ($000) $28,884 (-15.3%) Shares 133,071 (-11.2%) Est. Cost $195.65 Unrealized +9.2%

NBTB NBT BANCORP INC 0.4%

Value ($000) $20,598 (-19.3%) Shares 496,089 (-18.8%) Est. Cost $36.18 Unrealized +14.9%

PH PARKER-HANNIFIN CORP 0.8%

Value ($000) $44,207 (+11.3%) Shares 50,295 (-4.0%) Est. Cost $279.41 Unrealized +192.7%

TSM TAIWAN SEMICONDUCTOR MFG LTD 1.0%

Value ($000) $50,121 (+6.9%) Shares 164,931 (-1.7%) Est. Cost $90.39 Unrealized —

GM GENERAL MTRS CO 0.4%

Value ($000) $18,531 (-13.1%) Shares 227,883 (-34.8%) Est. Cost $36.78 Unrealized +91.4%

LECO LINCOLN ELEC HLDGS INC 0.2%

Value ($000) $9,217 (-20.4%) Shares 38,462 (-21.6%) Est. Cost $191.24 Unrealized +23.9%

JOUT JOHNSON OUTDOORS INC 0.2%

Value ($000) $11,190 (-16.0%) Shares 263,613 (-20.1%) Est. Cost $45.81 Unrealized -9.6%

WTTR SELECT WATER SOLUTIONS INC 0.7%

Value ($000) $38,388 (-5.1%) Shares 3,649,065 (-3.6%) Est. Cost $10.55 Unrealized —

IDA IDACORP INC 0.5%

Value ($000) $26,188 (-6.1%) Shares 206,923 (-2.0%) Est. Cost $100.01 Unrealized +30.1%

WGO WINNEBAGO INDS INC 0.1%

Value ($000) $5,800 (-20.7%) Shares 143,148 (-34.6%) Est. Cost $39.58 Unrealized -7.9%

GDEN GOLDEN ENTMT INC 0.4%

Value ($000) $18,529 (-6.4%) Shares 681,469 (-18.8%) Est. Cost $29.62 Unrealized -13.3%

SCCO SOUTHERN COPPER CORP 0.2%

Value ($000) $9,800 (-9.8%) Shares 68,307 (-23.7%) Est. Cost $54.29 Unrealized +144.5%

ITUB ITAU UNIBANCO HLDG S A 0.2%

Value ($000) $8,288 (-10.7%) Shares 1,157,546 (-8.4%) Est. Cost $4.93 Unrealized —

CLAR CLARUS CORP NEW 0.1%

Value ($000) $3,918 (-15.0%) Shares 1,169,606 (-11.2%) Est. Cost $6.07 Unrealized -44.1%

WDC WESTERN DIGITAL CORP 0.6%

Value ($000) $31,136 (-1.4%) Shares 180,739 (-31.3%) Est. Cost $39.74 Unrealized +281.3%

OBK ORIGIN BANCORP INC 0.0%

Value ($000) $2,214 (-11.1%) Shares 58,860 (-18.4%) Est. Cost $33.53 Unrealized +6.8%

PBR/A PETROLEO BRASILEIRO SA PETRO 0.0%

Value ($000) $2,256 (-8.8%) Shares 200,169 (-4.4%) Est. Cost $13.71 Unrealized —

CDRE CADRE HLDGS INC 0.1%

Value ($000) $3,630 (+1.2%) Shares 88,888 (-9.6%) Est. Cost $31.67 Unrealized +30.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AEO	AMERICAN EAGLE OUTFITTERS IN	13,094 (-99.6%)	$345 (-99.4%)	0.0%	$10.45	+88.1%	COM	02553E106
ENS	ENERSYS	553,783 (-46.9%)	$81,268 (-31.0%)	1.6%	$81.70	+63.2%	COM	29275Y102
HLIO	HELIOS TECHNOLOGIES INC	233,025 (-72.5%)	$12,465 (-71.7%)	0.2%	$30.14	+78.9%	COM	42328H109
PTEN	PATTERSON-UTI ENERGY INC	23,482 (-99.6%)	$143 (-99.5%)	0.0%	$11.79	-49.4%	COM	703481101
VSH	VISHAY INTERTECHNOLOGY INC	2,933,990 (-33.1%)	$42,514 (-36.6%)	0.8%	$18.20	-17.1%	COM	928298108
SON	SONOCO PRODS CO	655,339 (-44.4%)	$28,599 (-43.7%)	0.5%	$48.99	-16.0%	COM	835495102
RNST	RENASANT CORP	552,280 (-46.9%)	$19,451 (-49.3%)	0.4%	$34.02	+4.1%	COM	75970E107
BWA	BORGWARNER INC	1,008,171 (-28.1%)	$45,428 (-26.3%)	0.9%	$31.40	+39.2%	COM	099724106
THO	THOR INDS INC	369,569 (-24.1%)	$37,944 (-24.9%)	0.7%	$88.21	+17.1%	COM	885160101
SNDK	SANDISK CORP	129,482 (-63.2%)	$30,736 (-22.1%)	0.6%	$43.86	+356.6%	COM	80004C200
MSM	MSC INDL DIRECT INC	493,701 (-9.5%)	$41,520 (-17.4%)	0.8%	$81.77	+6.0%	CL A	553530106
FLS	FLOWSERVE CORP	1,256,129 (-15.0%)	$87,150 (+11.0%)	1.7%	$41.24	+55.4%	COM	34354P105
CBU	COMMUNITY FINANCIAL SYSTEM I	477,683 (-18.4%)	$27,438 (-20.1%)	0.5%	$61.48	-7.0%	COM	203607106
GPK	GRAPHIC PACKAGING HLDG CO	772,811 (-16.0%)	$11,639 (-35.4%)	0.2%	$17.58	-6.5%	COM	388689101
WTRG	ESSENTIAL UTILS INC	231,228 (-37.4%)	$8,870 (-39.9%)	0.2%	$38.43	+2.4%	COM	29670G102
NXPI	NXP SEMICONDUCTORS N V	133,071 (-11.2%)	$28,884 (-15.3%)	0.6%	$195.65	+9.2%	COM	N6596X109
NBTB	NBT BANCORP INC	496,089 (-18.8%)	$20,598 (-19.3%)	0.4%	$36.18	+14.9%	COM	628778102
PH	PARKER-HANNIFIN CORP	50,295 (-4.0%)	$44,207 (+11.3%)	0.8%	$279.41	+192.7%	COM	701094104
TSM	TAIWAN SEMICONDUCTOR MFG LTD	164,931 (-1.7%)	$50,121 (+6.9%)	1.0%	$90.39	—	SPONSORED ADS	874039100
GM	GENERAL MTRS CO	227,883 (-34.8%)	$18,531 (-13.1%)	0.4%	$36.78	+91.4%	COM	37045V100
LECO	LINCOLN ELEC HLDGS INC	38,462 (-21.6%)	$9,217 (-20.4%)	0.2%	$191.24	+23.9%	COM	533900106
JOUT	JOHNSON OUTDOORS INC	263,613 (-20.1%)	$11,190 (-16.0%)	0.2%	$45.81	-9.6%	CL A	479167108
WTTR	SELECT WATER SOLUTIONS INC	3,649,065 (-3.6%)	$38,388 (-5.1%)	0.7%	$10.55	—	CL A COM	81617J301
IDA	IDACORP INC	206,923 (-2.0%)	$26,188 (-6.1%)	0.5%	$100.01	+30.1%	COM	451107106
WGO	WINNEBAGO INDS INC	143,148 (-34.6%)	$5,800 (-20.7%)	0.1%	$39.58	-7.9%	COM	974637100
GDEN	GOLDEN ENTMT INC	681,469 (-18.8%)	$18,529 (-6.4%)	0.4%	$29.62	-13.3%	COM	381013101
SCCO	SOUTHERN COPPER CORP	68,307 (-23.7%)	$9,800 (-9.8%)	0.2%	$54.29	+144.5%	COM	84265V105
ITUB	ITAU UNIBANCO HLDG S A	1,157,546 (-8.4%)	$8,288 (-10.7%)	0.2%	$4.93	—	SPON ADR REP PFD	465562106
CLAR	CLARUS CORP NEW	1,169,606 (-11.2%)	$3,918 (-15.0%)	0.1%	$6.07	-44.1%	COM	18270P109
WDC	WESTERN DIGITAL CORP	180,739 (-31.3%)	$31,136 (-1.4%)	0.6%	$39.74	+281.3%	COM	958102105
OBK	ORIGIN BANCORP INC	58,860 (-18.4%)	$2,214 (-11.1%)	0.0%	$33.53	+6.8%	COM	68621T102
PBR/A	PETROLEO BRASILEIRO SA PETRO	200,169 (-4.4%)	$2,256 (-8.8%)	0.0%	$13.71	—	SP ADR NON VTG	71654V101
CDRE	CADRE HLDGS INC	88,888 (-9.6%)	$3,630 (+1.2%)	0.1%	$31.67	+30.9%	COM	12763L105

Unchanged Positions (13)

NWL NEWELL BRANDS INC 1.3%

Value ($000) $69,946 Shares 18,802,600 Est. Cost $9.31 Unrealized -57.2%

BC BRUNSWICK CORP 2.7%

Value ($000) $138,597 Shares 1,866,872 Est. Cost $56.27 Unrealized +20.0%

DLX DELUXE CORP 0.9%

Value ($000) $46,464 Shares 2,080,804 Est. Cost $25.31 Unrealized -21.9%

RTX RTX CORPORATION 0.8%

Value ($000) $42,469 Shares 231,565 Est. Cost $61.02 Unrealized +184.1%

CX CEMEX SAB DE CV 0.2%

Value ($000) $10,843 Shares 943,691 Est. Cost $6.15 Unrealized —

XOM EXXON MOBIL CORP 0.7%

Value ($000) $35,548 Shares 295,395 Est. Cost $55.38 Unrealized +108.6%

EXE EXPAND ENERGY CORPORATION 0.8%

Value ($000) $41,341 Shares 374,603 Est. Cost $78.95 Unrealized +40.1%

LHX L3HARRIS TECHNOLOGIES INC 0.7%

Value ($000) $35,206 Shares 119,925 Est. Cost $191.29 Unrealized +50.8%

HDB HDFC BANK LTD 0.2%

Value ($000) $12,042 Shares 329,567 Est. Cost $45.16 Unrealized —

WS WORTHINGTON STL INC 0.1%

Value ($000) $5,944 Shares 171,692 Est. Cost $29.50 Unrealized +11.5%

CVX CHEVRON CORP NEW 0.6%

Value ($000) $29,288 Shares 192,166 Est. Cost $77.34 Unrealized +95.8%

COP CONOCOPHILLIPS 0.5%

Value ($000) $27,180 Shares 290,351 Est. Cost $39.08 Unrealized +130.3%

HVT HAVERTY FURNITURE COS INC 0.1%

Value ($000) $4,885 Shares 209,114 Est. Cost $27.70 Unrealized -18.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
NWL	NEWELL BRANDS INC	18,802,600	$69,946	1.3%	$9.31	-57.2%	COM	651229106
BC	BRUNSWICK CORP	1,866,872	$138,597	2.7%	$56.27	+20.0%	COM	117043109
DLX	DELUXE CORP	2,080,804	$46,464	0.9%	$25.31	-21.9%	COM	248019101
RTX	RTX CORPORATION	231,565	$42,469	0.8%	$61.02	+184.1%	COM	75513E101
CX	CEMEX SAB DE CV	943,691	$10,843	0.2%	$6.15	—	SPON ADR NEW	151290889
XOM	EXXON MOBIL CORP	295,395	$35,548	0.7%	$55.38	+108.6%	COM	30231G102
EXE	EXPAND ENERGY CORPORATION	374,603	$41,341	0.8%	$78.95	+40.1%	COM	165167735
LHX	L3HARRIS TECHNOLOGIES INC	119,925	$35,206	0.7%	$191.29	+50.8%	COM	502431109
HDB	HDFC BANK LTD	329,567	$12,042	0.2%	$45.16	—	SPONSORED ADS	40415F101
WS	WORTHINGTON STL INC	171,692	$5,944	0.1%	$29.50	+11.5%	COM SHS	982104101
CVX	CHEVRON CORP NEW	192,166	$29,288	0.6%	$77.34	+95.8%	COM	166764100
COP	CONOCOPHILLIPS	290,351	$27,180	0.5%	$39.08	+130.3%	COM	20825C104
HVT	HAVERTY FURNITURE COS INC	209,114	$4,885	0.1%	$27.70	-18.7%	COM	419596101