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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>COCA-COLA CONSOLIDATED INC</name>
        <lei>57VG5X0E00X0QJU7CQ58</lei>
        <title>Coca-Cola Consolidated, Inc. </title>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>HALOZYME THERAPEUTICS INC</name>
        <lei>529900242I3SV9AGM753</lei>
        <title>Halozyme Therapeutics, Inc. </title>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>INTEGER HOLDINGS CORP</name>
        <lei>549300SUD2ED5XG6X569</lei>
        <title>Integer Holdings Corporation </title>
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        <balance>7067.00000000</balance>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>OTTER TAIL CORP</name>
        <lei>N/A</lei>
        <title>Otter Tail Corporation </title>
        <cusip>689648103</cusip>
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          <isin value="US6896481032"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>IDACORP INC</name>
        <lei>N134NUJDWN8UEFA8B673</lei>
        <title>IDACORP, Inc. </title>
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          <isin value="US4511071064"/>
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        <balance>4898.00000000</balance>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>APPLIED INDUSTRIAL TECHNOLOGIES INC</name>
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        <title>Applied Industrial Technologies, Inc. </title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>WARRIOR MET COAL INC</name>
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        <title>Warrior Met Coal, Inc. </title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SABRA HEALTH CARE REIT INC</name>
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        <title>Sabra Health Care REIT, Inc. REIT</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BOOT BARN HOLDINGS INC</name>
        <lei>529900QE1BFMYA3N4E71</lei>
        <title>Boot Barn Holdings, Inc. </title>
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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>INTERDIGITAL INC</name>
        <lei>529900HQAUTC3VI47G64</lei>
        <title>InterDigital, Inc. </title>
        <cusip>45867G101</cusip>
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          <isin value="US45867G1013"/>
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        <balance>1932.00000000</balance>
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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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      <invstOrSec>
        <name>APPLE HOSPITALITY REIT INC</name>
        <lei>549300EVZAR0FBZO4F16</lei>
        <title>Apple Hospitality REIT, Inc. </title>
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          <isin value="US03784Y2000"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>YETI HOLDINGS INC</name>
        <lei>549300DSQICIGNT5GO63</lei>
        <title>YETI Holdings, Inc. </title>
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          <isin value="US98585X1046"/>
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        <balance>22861.00000000</balance>
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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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      <invstOrSec>
        <name>BRADY CORP</name>
        <lei>549300G2LEQOFQC8GY34</lei>
        <title>Brady Corporation Class A</title>
        <cusip>104674106</cusip>
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        <balance>13317.00000000</balance>
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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>SUPERNUS PHARMACEUTICALS INC</name>
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        <title>Supernus Pharmaceuticals, Inc. </title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>STAG INDUSTRIAL INC</name>
        <lei>549300QWYX2W6FASVQ07</lei>
        <title>STAG Industrial, Inc. </title>
        <cusip>85254J102</cusip>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>TERRENO REALTY CORP</name>
        <lei>N/A</lei>
        <title>Terreno Realty Corporation </title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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        <name>MATADOR RESOURCES COMPANY</name>
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        <title>Matador Resources Company </title>
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        <name>DXC TECHNOLOGY COMPANY</name>
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        <title>DXC Technology Company </title>
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        <name>INNOVIVA INC</name>
        <lei>549300ACOX4QTBES6535</lei>
        <title>Innoviva, Inc. </title>
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        <name>FIRST BANCORP (PUERTO RICO)</name>
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        <title>First BanCorp </title>
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        <assetCat>EC</assetCat>
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        <invCountry>PR</invCountry>

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        <name>RADIAN GROUP INC</name>
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        <title>Radian Group, Inc. </title>
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        <name>EZCORP INC</name>
        <lei>5493003K6PG3ZQ7TUQ63</lei>
        <title>EZCORP, Inc. Class A</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

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        <fairValLevel>1</fairValLevel>
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        <name>PIPER SANDLER COMPANIES</name>
        <lei>QUQDBTUSOAKFEVMRMF78</lei>
        <title>Piper Sandler Cos </title>
        <cusip>724078209</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

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        <fairValLevel>1</fairValLevel>
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        <name>SOUTHSTATE BANK CORP</name>
        <lei>N/A</lei>
        <title>SOUTHSTATE BANK CORP </title>
        <cusip>84472E102</cusip>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>WESCO INTERNATIONAL INC</name>
        <lei>529900TXOGREY3WNJ434</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>GIGACLOUD TECHNOLOGY INC</name>
        <lei>N/A</lei>
        <title>GigaCloud Technology, Inc. </title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MUELLER WATER PRODUCTS INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>BANCORP INC (THE)</name>
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          <isin value="US05969A1051"/>
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        <fairValLevel>1</fairValLevel>
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        <name>ACADEMY SPORTS AND OUTDOORS INC</name>
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          <isin value="US00402L1070"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>NORTHERN OIL &amp; GAS INC</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>COVISTA INC</name>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ALKERMES PLC</name>
        <lei>N/A</lei>
        <title>Alkermes plc </title>
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        <assetCat>EC</assetCat>
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        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>CELANESE CORP</name>
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        <title>Celanese Corporation </title>
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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>WISDOMTREE INC</name>
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        <title>WisdomTree, Inc. </title>
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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>AGREE REALTY CORP</name>
        <lei>98450090H010B37OEB68</lei>
        <title>Agree Realty Corporation </title>
        <cusip>008492100</cusip>
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          <isin value="US0084921008"/>
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        <balance>13224.00000000</balance>
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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>PATRICK INDUSTRIES INC</name>
        <lei>549300FZ5ZTCCJ3Z5W14</lei>
        <title>Patrick Industries, Inc. </title>
        <cusip>703343103</cusip>
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          <isin value="US7033431039"/>
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        <balance>11845.00000000</balance>
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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>UIPATH INC</name>
        <lei>5493000YP61KBELDHT53</lei>
        <title>UIPATH INC - CLASS A </title>
        <cusip>90364P105</cusip>
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          <isin value="US90364P1057"/>
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        <balance>77889.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>KONTOOR BRANDS INC</name>
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        <title>Kontoor Brands, Inc. </title>
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        <fairValLevel>1</fairValLevel>
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        <name>URBAN OUTFITTERS INC</name>
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        <title>Urban Outfitters, Inc. </title>
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        <fairValLevel>1</fairValLevel>
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        <name>GENERAC HOLDINGS INC</name>
        <lei>529900S2H2AHJHSFFI84</lei>
        <title>Generac Holdings, Inc. </title>
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        <balance>5501.00000000</balance>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>ANDERSONS INC (THE)</name>
        <lei>L38MWB8MVRFV7HVJPU11</lei>
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        <name>INSTALLED BUILDING PRODUCTS INC</name>
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        <title>Installed Building Products, Inc. </title>
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        <name>CARETRUST REIT INC</name>
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        <title>CareTrust REIT, Inc. REIT</title>
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        <name>ACM RESEARCH INC</name>
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        <title>ACM Research, Inc. Class A</title>
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        <name>ESCO TECHNOLOGIES INC</name>
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        <title>ESCO Technologies, Inc. </title>
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        <name>URBAN EDGE PROPERTIES</name>
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        <title>Urban Edge Properties REIT</title>
        <cusip>91704F104</cusip>
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        <name>POWELL INDUSTRIES INC</name>
        <lei>549300V08RO7MX2UBN26</lei>
        <title>Powell Industries, Inc. </title>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>AVNET INC</name>
        <lei>XJI53DCPL7QABOWK4Z75</lei>
        <title>Avnet, Inc. </title>
        <cusip>053807103</cusip>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>RYDER SYSTEM INC</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>HF SINCLAIR CORP</name>
        <lei>2549009G116AM01XHN24</lei>
        <title>HF Sinclair Corporation </title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>AMERICAN EAGLE OUTFITTERS INC</name>
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        <title>American Eagle Outfitters, Inc. </title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>FTI CONSULTING INC</name>
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        <title>FTI Consulting, Inc. </title>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>KITE REALTY GROUP TRUST</name>
        <lei>N/A</lei>
        <title>Kite Realty Group Trust REIT</title>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>EMERGENT BIOSOLUTIONS INC</name>
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        <title>Emergent BioSolutions, Inc. </title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MAGNOLIA OIL &amp; GAS CORP</name>
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        <title>Magnolia Oil &amp; Gas Corporation </title>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FEDERATED HERMES INC</name>
        <lei>R05X5UQ874RGFF7HHD84</lei>
        <title>Federated Hermes, Inc. Class B</title>
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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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      <invstOrSec>
        <name>NATIONAL HEALTHCARE CORP</name>
        <lei>254900PTS11LS1JS2752</lei>
        <title>National HealthCare Corporation </title>
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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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      <invstOrSec>
        <name>PC CONNECTION INC</name>
        <lei>5299005WPRNIXDV2KM73</lei>
        <title>PC Connection, Inc. </title>
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          <isin value="US69318J1007"/>
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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>AVISTA CORP</name>
        <lei>Q0IK63NITJD6RJ47SW96</lei>
        <title>Avista Corporation </title>
        <cusip>05379B107</cusip>
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          <isin value="US05379B1070"/>
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        <balance>15906.00000000</balance>
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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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      <invstOrSec>
        <name>MURPHY OIL CORP</name>
        <lei>QBKYQD0ODE7DC7PDIN91</lei>
        <title>Murphy Oil Corporation </title>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>XENIA HOTELS &amp; RESORTS INC</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>MGIC INVESTMENT CORP</name>
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        <title>MGIC Investment Corporation </title>
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        <name>FIRST AMERICAN FUNDS INC</name>
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        <title>First American Treasury Obligations Fund Class X</title>
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        <name>WINMARK CORP</name>
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        <title>Winmark Corporation </title>
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        <fairValLevel>1</fairValLevel>
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        <name>EVERCORE INC</name>
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        <title>Evercore, Inc. Class A</title>
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        <name>PORTLAND GENERAL ELECTRIC COMPANY</name>
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        <title>Portland General Electric Company </title>
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        <name>BRINKER INTERNATIONAL INC</name>
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        <title>Brinker International, Inc. </title>
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        <name>EPR PROPERTIES</name>
        <lei>549300YSSXFHMPOWZ492</lei>
        <title>EPR Properties REIT</title>
        <cusip>26884U109</cusip>
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        <name>AXOS FINANCIAL INC</name>
        <lei>529900D8M56422GK9O25</lei>
        <title>Axos Financial, Inc. </title>
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        <name>CORCEPT THERAPEUTICS INC</name>
        <lei>529900EO9LUTFMZ7FF90</lei>
        <title>Corcept Therapeutics, Inc. </title>
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        <invCountry>US</invCountry>

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        <fairValLevel>1</fairValLevel>
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        <name>NATIONAL STORAGE AFFILIATES TRUST</name>
        <lei>529900FS06O8GOYNR108</lei>
        <title>National Storage Affiliates Trust </title>
        <cusip>637870106</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>PHOTRONICS INC</name>
        <lei>549300OK5JVNIBNY6F63</lei>
        <title>Photronics, Inc. </title>
        <cusip>719405102</cusip>
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        <curCd>USD</curCd>
        <valUSD>553497.95000000</valUSD>
        <pctVal>0.602110725818</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2026-08-31</ncom:dateSigned>
      <ncom:nameOfApplicant>Lesley Ott</ncom:nameOfApplicant>
      <ncom:signature>Lesley Ott</ncom:signature>
      <ncom:signerName>Lesley Ott</ncom:signerName>
      <ncom:title>Chief Compliance Officer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
