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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Aeva Technologies Inc</name>
        <lei>529900EOW3TB2FR95A21</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Kestra Medical Technologies Ltd</name>
        <lei>N/A</lei>
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        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>AvePoint Inc</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>DT MIDSTREAM, INC.</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>RLI CORP.</name>
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          <isin value="US7496071074"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ALIGNMENT HEALTHCARE, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>HEARTLAND EXPRESS, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>QUANTUMSCAPE CORPORATION</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>CSG SYSTEMS INTERNATIONAL, INC.</name>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>VONTIER CORPORATION</name>
        <lei>549300VVSQLG4P5K4639</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Arvinas Inc</name>
        <lei>N/A</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Janux Therapeutics Inc</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>KIMBALL ELECTRONICS, INC.</name>
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        <name>GENWORTH FINANCIAL, INC.</name>
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        <name>CARGURUS, INC.</name>
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        <name>DANA INCORPORATED</name>
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        <name>THE AES CORPORATION</name>
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        <name>HA SUSTAINABLE INFRASTRUCTURE CAPITAL, INC.</name>
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        <name>Mediaalpha Inc</name>
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        <name>CALIX, INC.</name>
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        <name>PINNACLE FINANCIAL PARTNERS, INC.</name>
        <lei>54930098EZ8JMSAZGS24</lei>
        <title>PINNACLE FINANCIAL PARTNERS INC</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ALPHATEC HOLDINGS, INC.</name>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>PINNACLE WEST CAPITAL CORPORATION</name>
        <lei>TWSEY0NEDUDCKS27AH81</lei>
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          <isin value="US7234841010"/>
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        <balance>68.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>COHU, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Shoals Technologies Group Inc</name>
        <lei>N/A</lei>
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          <isin value="US82489W1071"/>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Sprout Social Inc</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>ALKAMI TECHNOLOGY, INC.</name>
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          <isin value="US01644J1088"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>LIFE360, INC.</name>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>GATX CORPORATION</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TREX COMPANY, INC.</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>EPLUS INC.</name>
        <lei>529900FFY8AAFJ21NE91</lei>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>VERASTEM, INC.</name>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SCANSOURCE, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>JONES LANG LASALLE INCORPORATED</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>MASTERBRAND, INC.</name>
        <lei>549300E0Y4BR5Z9RDZ64</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>JBT MAREL CORPORATION</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>ADTRAN HOLDINGS, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>BANKUNITED, INC.</name>
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        <name>PATRICK INDUSTRIES, INC.</name>
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        <name>Prime Medicine Inc</name>
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        <name>FORESTAR GROUP INC.</name>
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        <name>DNOW INC.</name>
        <lei>549300AVH5SOCFVVDW91</lei>
        <title>DNOW INC</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Navitas Semiconductor Corp</name>
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        <name>Kymera Therapeutics Inc</name>
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        <name>ARCHROCK INC.</name>
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        <name>QUANEX BUILDING PRODUCTS CORPORATION</name>
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        <name>SHORE BANCSHARES, INC.</name>
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        <name>EASTERN BANKSHARES, INC.</name>
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        <name>ThredUp Inc</name>
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        <name>EMBECTA CORP.</name>
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        <name>DONEGAL GROUP INC.</name>
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        <name>NCINO, INC.</name>
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        <name>AXSOME THERAPEUTICS, INC.</name>
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        <name>CECO ENVIRONMENTAL CORP.</name>
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        <name>KB HOME</name>
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        <name>GENTHERM INCORPORATED</name>
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        <name>Kodiak Sciences Inc</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>ARRAY TECHNOLOGIES, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>SOUTHWEST GAS HOLDINGS, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>ENACT HOLDINGS, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>DoubleVerify Holdings Inc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>ASSOCIATED BANC-CORP</name>
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        <fairValLevel>1</fairValLevel>
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        <name>BELLRING BRANDS, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>MERCURY GENERAL CORPORATION</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Klaviyo Inc</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>BRUKER CORPORATION</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Zeta Global Holdings Corp</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>AMERESCO, INC.</name>
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        <name>Recursion Pharmaceuticals Inc</name>
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        <name>ASTEC INDUSTRIES, INC.</name>
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        <name>Tarsus Pharmaceuticals Inc</name>
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        <name>CG Oncology Inc</name>
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        <name>CVB FINANCIAL CORP.</name>
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        <name>AGCO CORPORATION</name>
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        <name>THE GREENBRIER COMPANIES, INC.</name>
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        <title>GREENBRIER COS INC THE</title>
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        <name>LEGALZOOM.COM, INC.</name>
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        <name>KINETIK HOLDINGS INC.</name>
        <lei>N/A</lei>
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        <name>Udemy Inc</name>
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        <name>Weave Communications Inc</name>
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        <name>NEXTNAV INC.</name>
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        <name>Disc Medicine Inc</name>
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        <name>THE PENNANT GROUP, INC.</name>
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        <name>HARMONIC INC.</name>
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        <name>ADAPTHEALTH CORP.</name>
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        <name>OGE ENERGY CORP.</name>
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        <name>LITHIA MOTORS, INC.</name>
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        <name>Veracyte Inc</name>
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        <name>ITRON, INC.</name>
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        <name>ACM Research Inc</name>
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        <name>THE HACKETT GROUP, INC.</name>
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        <name>FIRST ADVANTAGE CORPORATION</name>
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        <name>Nextracker Inc</name>
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        <name>Alpha and Omega Semiconductor Ltd</name>
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        <name>SHIFT4 PAYMENTS INC</name>
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        <name>CONNECTONE BANCORP, INC.</name>
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        <name>SiTime Corp</name>
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        <name>PITNEY BOWES INC.</name>
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        <name>NOVANTA INC.</name>
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        <name>WALKER &amp; DUNLOP, INC.</name>
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        <name>FIVE9, INC.</name>
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        <name>Payoneer Global Inc</name>
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        <name>ARS Pharmaceuticals Inc</name>
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        <name>SEACOAST BANKING CORPORATION OF FLORIDA</name>
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        <name>ADVANCED DRAINAGE SYSTEMS, INC.</name>
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        <name>Solid Power Inc</name>
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        <name>WILLDAN GROUP, INC.</name>
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        <name>Dyne Therapeutics Inc</name>
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        <name>UNITED STATES LIME &amp; MINERALS, INC.</name>
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        <name>MeiraGTx Holdings plc</name>
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        <name>LGI HOMES, INC.</name>
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        <name>Collegium Pharmaceutical, Inc.</name>
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        <name>SELECTIVE INSURANCE GROUP, INC.</name>
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        <name>Domo Inc</name>
        <lei>549300X57AGT5JULJ761</lei>
        <title>DOMO INC</title>
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        <name>FRONTDOOR, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>AnaptysBio Inc</name>
        <lei>529900HH4WQT03IG1A12</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ADVANCED ENERGY INDUSTRIES, INC.</name>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>DIME COMMUNITY BANCSHARES, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>BIOCRYST PHARMACEUTICALS, INC.</name>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>TFS FINANCIAL CORPORATION</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>YETI HOLDINGS, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>AMERICAN COASTAL INSURANCE CORPORATION</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>INDEPENDENT BANK CORP.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HILLMAN SOLUTIONS CORP.</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>RAPID7, INC.</name>
        <lei>549300GNVG5D60KEYN14</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>ENVISTA HOLDINGS CORPORATION</name>
        <lei>549300BX623VURJZ5269</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>OMNICELL, INC.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>BELDEN INC.</name>
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        <name>LOUISIANA-PACIFIC CORPORATION</name>
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        <name>CLEARWAY ENERGY, INC.</name>
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        <name>SYLVAMO CORPORATION</name>
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        <name>IBOTTA, INC.</name>
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        <name>ENOVIS CORPORATION</name>
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        <name>MDU RESOURCES GROUP, INC.</name>
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        <name>Live Oak Bancshares, Inc.</name>
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        <name>Fluence Energy Inc</name>
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        <name>IRHYTHM TECHNOLOGIES, INC.</name>
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        <name>INTEGRA LIFESCIENCES HOLDINGS CORPORATION</name>
        <lei>WB7IJCYY8YFTENS4O147</lei>
        <title>INTEGRA LIFESCIENCES HOLDINGS CORP</title>
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        <name>ORMAT TECHNOLOGIES, INC.</name>
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        <name>Avidity Biosciences Inc</name>
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        <name>BLACK HILLS CORPORATION</name>
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        <name>GeneDx Holdings Corp</name>
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        <name>MARTEN TRANSPORT, LTD.</name>
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        <name>CENTURY ALUMINUM COMPANY</name>
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        <name>Spyre Therapeutics Inc</name>
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        <name>Evolv Technologies Holdings Inc</name>
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        <name>EVgo Inc</name>
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        <name>THOR INDUSTRIES, INC.</name>
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    <signature>
      <ncom:dateSigned>2025-12-01</ncom:dateSigned>
      <ncom:nameOfApplicant>Strategy Shares</ncom:nameOfApplicant>
      <ncom:signature>James Szilagyi</ncom:signature>
      <ncom:signerName>James Szilagyi</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
