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For Institutional Investors in the US

Small/Mid Cap Growth Alpha ETF Holdings

Full Portfolio Holdings

(As of December 19, 2025)

Ticker Cusip Underlying Security Strike Price Quantity (Shares/ Par/ Units/ Contracts) Notional Value Market Value Weight % Current Market Value
Comfort Systems USA, Inc. FIX US 199908104 - - 23,078 $21,710,398 $21,710,398 2.82 $21,710,398
Medpace Holdings, Inc. MEDP US 58506Q109 - - 28,148 $15,998,197 $15,998,197 2.08 $15,998,197
Somnigroup International Inc. SGI US 88023U101 - - 178,004 $15,997,219 $15,997,219 2.08 $15,997,219
Ryman Hospitality Properties, Inc. RHP US 78377T107 - - 133,608 $13,093,584 $13,093,584 1.71 $13,093,584
Workiva Inc. Class A WK US 98139A105 - - 147,321 $12,953,936 $12,953,936 1.69 $12,953,936
Enova International Inc ENVA US 29357K103 - - 77,242 $12,656,102 $12,656,102 1.65 $12,656,102
InterDigital, Inc. IDCC US 45867G101 - - 36,270 $12,128,688 $12,128,688 1.58 $12,128,688
Jabil Inc. JBL US 466313103 - - 51,227 $11,609,063 $11,609,063 1.51 $11,609,063
Teradata Corporation TDC US 88076W103 - - 372,094 $11,427,007 $11,427,007 1.49 $11,427,007
Sanmina Corporation SANM US 801056102 - - 75,180 $11,391,274 $11,391,274 1.48 $11,391,274
Onto Innovation, Inc. ONTO US 683344105 - - 72,250 $11,297,010 $11,297,010 1.47 $11,297,010
Catalyst Pharmaceuticals, Inc. CPRX US 14888U101 - - 464,546 $11,028,322 $11,028,322 1.44 $11,028,322
Fabrinet FN US G3323L100 - - 22,247 $10,577,781 $10,577,781 1.38 $10,577,781
BridgeBio Pharma, Inc. BBIO US 10806X102 - - 133,768 $10,206,498 $10,206,498 1.33 $10,206,498
Qualys, Inc. QLYS US 74758T303 - - 71,463 $10,202,058 $10,202,058 1.33 $10,202,058
Rocket Lab Corporation RKLB US 773121108 - - 143,577 $10,125,050 $10,125,050 1.32 $10,125,050
Argan, Inc. AGX US 04010E109 - - 31,000 $10,093,290 $10,093,290 1.31 $10,093,290
DiamondRock Hospitality Company DRH US 252784301 - - 1,094,717 $10,082,344 $10,082,344 1.31 $10,082,344
Palomar Holdings, Inc. PLMR US 69753M105 - - 73,960 $9,981,642 $9,981,642 1.30 $9,981,642
Cytokinetics, Incorporated CYTK US 23282W605 - - 159,020 $9,968,964 $9,968,964 1.30 $9,968,964
Hamilton Lane Incorporated Class A HLNE US 407497106 - - 72,824 $9,829,055 $9,829,055 1.28 $9,789,730
Tapestry, Inc. TPR US 876030107 - - 77,460 $9,746,995 $9,746,995 1.27 $9,715,033
Churchill Downs Incorporated CHDN US 171484108 - - 83,807 $9,617,691 $9,617,691 1.25 $9,617,691
Banc of California, Inc. BANC US 05990K106 - - 472,027 $9,351,247 $9,351,247 1.22 $9,303,652
Rambus Inc. RMBS US 750917106 - - 94,572 $9,116,268 $9,116,268 1.19 $9,116,268
Corcept Therapeutics Incorporated. CORT US 218352102 - - 106,996 $8,961,985 $8,961,985 1.17 $8,961,985
Pure Storage, Inc. Class A PSTG US 74624M102 - - 126,342 $8,734,022 $8,734,022 1.14 $8,734,022
Nextpower Inc. Class A NXT US 65290E101 - - 96,855 $8,591,038 $8,591,038 1.12 $8,591,038
Exelixis, Inc. EXEL US 30161Q104 - - 193,728 $8,582,150 $8,582,150 1.12 $8,582,150
Haemonetics Corporation HAE US 405024100 - - 104,604 $8,390,287 $8,390,287 1.09 $8,390,287
Artisan Partners Asset Management, Inc. Class A APAM US 04316A108 - - 199,429 $8,274,309 $8,274,309 1.08 $8,274,309
Sterling Infrastructure, Inc. STRL US 859241101 - - 26,326 $8,123,677 $8,123,677 1.06 $8,123,677
EMCOR Group, Inc. EME US 29084Q100 - - 12,762 $7,802,814 $7,802,814 1.02 $7,802,814
Krystal Biotech, Inc. KRYS US 501147102 - - 32,368 $7,794,214 $7,794,214 1.02 $7,794,214
Lazard Inc LAZ US 52110M109 - - 156,173 $7,758,675 $7,758,675 1.01 $7,758,675
Harmony Biosciences Holdings, Inc. HRMY US 413197104 - - 204,408 $7,728,666 $7,728,666 1.01 $7,728,666
NAPCO Security Technologies, Inc. NSSC US 630402105 - - 171,024 $7,392,454 $7,392,454 0.96 $7,354,032
Veracyte, Inc. VCYT US 92337F107 - - 170,314 $7,309,877 $7,309,877 0.95 $7,309,877
Aurinia Pharmaceuticals Inc. AUPH US 05156V102 - - 450,898 $7,295,530 $7,295,530 0.95 $7,295,530
Novanta Inc NOVT US 67000B104 - - 60,953 $7,274,741 $7,274,741 0.95 $7,274,741
Powell Industries, Inc. POWL US 739128106 - - 21,132 $7,034,843 $7,034,843 0.92 $7,034,843
Lyft, Inc. Class A LYFT US 55087P104 - - 351,460 $6,825,353 $6,825,353 0.89 $6,825,353
HCI Group, Inc. HCI US 40416E103 - - 35,862 $6,811,628 $6,811,628 0.89 $6,811,628
Globant SA GLOB US L44385109 - - 97,495 $6,773,953 $6,773,953 0.88 $6,773,953
Clearwater Analytics Holdings, Inc. Class A CWAN US 185123106 - - 299,358 $6,660,716 $6,660,716 0.87 $6,660,716
Hecla Mining Company HL US 422704106 - - 325,459 $6,401,779 $6,401,779 0.83 $6,401,779
Wendy's Company WEN US 95058W100 - - 757,481 $6,347,691 $6,347,691 0.83 $6,347,691
FTAI Aviation Ltd. FTAI US G3730V105 - - 37,561 $6,328,653 $6,328,653 0.82 $6,328,653
Collegium Pharmaceutical, Inc. COLL US 19459J104 - - 125,215 $6,120,509 $6,120,509 0.80 $6,120,509
Coeur Mining, Inc. CDE US 192108504 - - 332,855 $6,074,604 $6,074,604 0.79 $6,074,604
Huron Consulting Group Inc. HURN US 447462102 - - 33,217 $5,999,987 $5,999,987 0.78 $5,999,987
Vicor Corporation VICR US 925815102 - - 57,057 $5,956,751 $5,956,751 0.78 $5,956,751
Installed Building Products, Inc. IBP US 45780R101 - - 21,800 $5,832,790 $5,832,790 0.76 $5,824,524
Arrowhead Pharmaceuticals, Inc. ARWR US 04280A100 - - 84,205 $5,739,413 $5,739,413 0.75 $5,739,413
10x Genomics Inc Class A TXG US 88025U109 - - 357,433 $5,736,800 $5,736,800 0.75 $5,736,800
IES Holdings, Inc. IESC US 44951W106 - - 13,947 $5,719,944 $5,719,944 0.75 $5,719,944
IMAX Corporation IMAX US 45245E109 - - 152,666 $5,692,915 $5,692,915 0.74 $5,692,915
Daily Journal Corporation DJCO US 233912104 - - 10,779 $5,666,736 $5,666,736 0.74 $5,666,736
Duolingo, Inc. Class A DUOL US 26603R106 - - 29,804 $5,542,352 $5,542,352 0.72 $5,542,352
Jamf Holding Corp JAMF US 47074L105 - - 419,485 $5,453,305 $5,453,305 0.71 $5,453,305
Upwork, Inc. UPWK US 91688F104 - - 261,231 $5,381,359 $5,381,359 0.70 $5,381,359
Atmus Filtration Technologies, Inc. ATMU US 04956D107 - - 100,156 $5,365,357 $5,365,357 0.70 $5,365,357
Abercrombie & Fitch Co. Class A ANF US 002896207 - - 44,220 $5,353,273 $5,353,273 0.70 $5,353,273
Guardant Health, Inc. GH US 40131M109 - - 53,458 $5,331,901 $5,331,901 0.69 $5,331,901
EnerSys ENS US 29275Y102 - - 35,631 $5,234,194 $5,234,194 0.68 $5,234,194
Provident Financial Services, Inc. PFS US 74386T105 - - 249,216 $5,211,107 $5,211,107 0.68 $5,211,107
TransMedics Group, Inc. TMDX US 89377M109 - - 40,568 $5,179,317 $5,179,317 0.67 $5,179,317
Tetra Tech, Inc. TTEK US 88162G103 - - 149,995 $5,167,328 $5,167,328 0.67 $5,167,328
Lantheus Holdings Inc LNTH US 516544103 - - 78,179 $5,153,560 $5,153,560 0.67 $5,153,560
Cactus, Inc. Class A WHD US 127203107 - - 110,518 $5,045,147 $5,045,147 0.66 $5,045,147
Core & Main, Inc. Class A CNM US 21874C102 - - 92,945 $5,006,947 $5,006,947 0.65 $5,006,947
Rubrik, Inc. Class A RBRK US 781154109 - - 63,970 $5,001,175 $5,001,175 0.65 $5,001,175
Lumen Technologies, Inc. LUMN US 550241103 - - 608,351 $4,982,395 $4,982,395 0.65 $4,982,395
Champion Homes, Inc. SKY US 830830105 - - 57,183 $4,977,208 $4,977,208 0.65 $4,977,208
Healthcare Services Group, Inc. HCSG US 421906108 - - 253,009 $4,943,796 $4,943,796 0.64 $4,943,796
XP Inc. Class A XP US G98239109 - - 308,367 $4,936,956 $4,936,956 0.64 $4,936,956
Agilysys, Inc. AGYS US 00847J105 - - 40,382 $4,906,009 $4,906,009 0.64 $4,906,009
TopBuild Corp. BLD US 89055F103 - - 11,421 $4,874,254 $4,874,254 0.63 $4,874,254
Apellis Pharmaceuticals, Inc. APLS US 03753U106 - - 194,852 $4,803,102 $4,803,102 0.63 $4,803,102
Carpenter Technology Corporation CRS US 144285103 - - 14,142 $4,626,555 $4,626,555 0.60 $4,626,555
Badger Meter, Inc. BMI US 056525108 - - 24,928 $4,527,922 $4,527,922 0.59 $4,527,922
Jack in the Box Inc. JACK US 466367109 - - 233,107 $4,526,938 $4,526,938 0.59 $4,526,938
ACADIA Pharmaceuticals Inc. ACAD US 004225108 - - 164,216 $4,460,107 $4,460,107 0.58 $4,460,107
CarGurus, Inc. Class A CARG US 141788109 - - 114,575 $4,424,886 $4,424,886 0.58 $4,424,886
PACS Group, Inc. PACS US 69380Q107 - - 118,256 $4,303,336 $4,303,336 0.56 $4,303,336
UFP Technologies, Inc. UFPT US 902673102 - - 18,571 $4,260,187 $4,260,187 0.55 $4,260,187
Pegasystems Inc. PEGA US 705573103 - - 69,461 $4,248,929 $4,248,929 0.55 $4,248,929
LCI Industries LCII US 50189K103 - - 33,419 $4,132,594 $4,132,594 0.54 $4,132,594
Celsius Holdings, Inc. CELH US 15118V207 - - 95,006 $4,066,257 $4,066,257 0.53 $4,066,257
Progyny, Inc. PGNY US 74340E103 - - 150,499 $4,007,788 $4,007,788 0.52 $4,007,788
XPEL, Inc. XPEL US 98379L100 - - 78,219 $3,989,169 $3,989,169 0.52 $3,989,169
eXp World Holdings, Inc. EXPI US 30212W100 - - 399,987 $3,947,872 $3,947,872 0.51 $3,947,872
Iridium Communications Inc. IRDM US 46269C102 - - 227,331 $3,908,103 $3,908,103 0.51 $3,873,720
Frontdoor, Inc. FTDR US 35905A109 - - 66,690 $3,787,325 $3,787,325 0.49 $3,787,325
Customers Bancorp, Inc. CUBI US 23204G100 - - 49,554 $3,757,680 $3,757,680 0.49 $3,757,680
St. Joe Company JOE US 790148100 - - 60,077 $3,682,720 $3,682,720 0.48 $3,682,720
Universal Insurance Holdings, Inc. UVE US 91359V107 - - 108,417 $3,674,252 $3,674,252 0.48 $3,674,252
Clear Secure, Inc. Class A YOU US 18467V109 - - 97,301 $3,654,170 $3,654,170 0.48 $3,598,191
LegalZoom.com, Inc. LZ US 52466B103 - - 352,763 $3,601,710 $3,601,710 0.47 $3,601,710
CareDx, Inc. CDNA US 14167L103 - - 184,647 $3,591,384 $3,591,384 0.47 $3,591,384
Theravance Biopharma Inc TBPH US G8807B106 - - 188,987 $3,551,066 $3,551,066 0.46 $3,551,066
Cadre Holdings, Inc. CDRE US 12763L105 - - 82,595 $3,436,778 $3,436,778 0.45 $3,436,778
Cinemark Holdings, Inc. CNK US 17243V102 - - 151,460 $3,373,014 $3,373,014 0.44 $3,373,014
MediaAlpha, Inc. Class A MAX US 58450V104 - - 250,686 $3,208,781 $3,208,781 0.42 $3,208,781
International Money Express, Inc. IMXI US 46005L101 - - 200,206 $3,075,164 $3,075,164 0.40 $3,075,164
StoneX Group Inc. SNEX US 861896108 - - 28,918 $2,767,742 $2,767,742 0.36 $2,767,742
Blue Bird Corporation BLBD US 095306106 - - 50,307 $2,601,878 $2,601,878 0.34 $2,601,878
Arhaus, Inc. Class A ARHS US 04035M102 - - 215,656 $2,495,140 $2,495,140 0.32 $2,495,140
Allison Transmission Holdings, Inc. ALSN US 01973R101 - - 25,148 $2,482,611 $2,482,611 0.32 $2,482,611
Willdan Group, Inc. WLDN US 96924N100 - - 22,279 $2,481,212 $2,481,212 0.32 $2,481,212
Bancorp Inc TBBK US 05969A105 - - 35,737 $2,461,207 $2,461,207 0.32 $2,461,207
Griffon Corporation GFF US 398433102 - - 31,068 $2,383,537 $2,383,537 0.31 $2,383,537
Axos Financial, Inc. AX US 05465C100 - - 26,969 $2,360,057 $2,360,057 0.31 $2,360,057
Douglas Dynamics, Inc. PLOW US 25960R105 - - 69,069 $2,347,324 $2,347,324 0.31 $2,326,935
Brink's Company BCO US 109696104 - - 19,709 $2,344,386 $2,344,386 0.31 $2,344,386
AppFolio Inc Class A APPF US 03783C100 - - 9,980 $2,332,226 $2,332,226 0.30 $2,332,226
Aveanna Healthcare Holdings Inc AVAH US 05356F105 - - 256,060 $2,327,585 $2,327,585 0.30 $2,327,585
AZZ Inc. AZZ US 002474104 - - 21,184 $2,283,635 $2,283,635 0.30 $2,283,635
Patrick Industries, Inc. PATK US 703343103 - - 20,237 $2,240,236 $2,240,236 0.29 $2,240,236
Axcelis Technologies, Inc. ACLS US 054540208 - - 27,002 $2,233,605 $2,233,605 0.29 $2,233,605
Build-A-Bear Workshop, Inc. BBW US 120076104 - - - $12,252 $12,252 0.00 $0
New Fortress Energy Inc. Class A NFE US 644393100 - - - $6,134 $6,134 0.00 $0
Acadian Asset Management Inc. AAMI US 10948W103 - - - $560 $560 0.00 $0
Red Rock Resorts, Inc. Class A RRR US 75700L108 - - - $298 $298 0.00 $0
Sonic Automotive, Inc. Class A SAH US 83545G102 - - - $99 $99 0.00 $0
US DOLLARS USD MD_142224 - - -29,167 $-29,167 $-29,167 0.00 $-29,167
Janus Henderson publishes this listing of identities and quantities of each position held by the fund on each business day, before commencement of trading. Securities are reported at market value.
The portfolio data and its presentation here is based on the investment book of record and may differ from the accounting book of record and complete schedules of investments in regulatory filings due to differing accounting and reporting standards.