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      <regZipOrPostalCode>20850</regZipOrPostalCode>
      <regPhone>301-296-5100</regPhone>
      <seriesName>S&amp;P SmallCap 600 Pure Growth Fund</seriesName>
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      <repPdEnd>2020-12-31</repPdEnd>
      <repPdDate>2020-03-31</repPdDate>
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        <valUSD>30504.96000000</valUSD>
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        <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>
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      </invstOrSec>
      <invstOrSec>
        <name>LivePerson Inc</name>
        <lei>549300IN2P1JZ20G7N40</lei>
        <title>LivePerson, Inc.</title>
        <cusip>538146101</cusip>
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          <isin value="US5381461012"/>
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        <balance>1110.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>25252.50000000</valUSD>
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        <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>
      <invstOrSec>
        <name>ESCO Technologies Inc</name>
        <lei>5493007JJLP5MEWVDH10</lei>
        <title>ESCO Technologies, Inc.</title>
        <cusip>296315104</cusip>
        <identifiers>
          <isin value="US2963151046"/>
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        <balance>559.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>42433.69000000</valUSD>
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        <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>
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      </invstOrSec>
      <invstOrSec>
        <name>Steven Madden Ltd</name>
        <lei>549300Z9GZ7GYJWSGF43</lei>
        <title>Steven Madden Ltd.</title>
        <cusip>556269108</cusip>
        <identifiers>
          <isin value="US5562691080"/>
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        <balance>1180.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>27411.40000000</valUSD>
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        <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>
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      </invstOrSec>
      <invstOrSec>
        <name>Glu Mobile Inc</name>
        <lei>5299006L6Z4VS4PBXT12</lei>
        <title>Glu Mobile, Inc.</title>
        <cusip>379890106</cusip>
        <identifiers>
          <isin value="US3798901068"/>
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        <balance>5967.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>37532.43000000</valUSD>
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        <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>
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      </invstOrSec>
      <invstOrSec>
        <name>FormFactor Inc</name>
        <lei>549300YCEEO6SZD1ZR61</lei>
        <title>FormFactor, Inc.</title>
        <cusip>346375108</cusip>
        <identifiers>
          <isin value="US3463751087"/>
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        <balance>2940.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>59064.60000000</valUSD>
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        <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>
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      </invstOrSec>
      <invstOrSec>
        <name>ManTech International Corp/VA</name>
        <lei>5299007N03CAU4SWNR02</lei>
        <title>ManTech International Corp.</title>
        <cusip>564563104</cusip>
        <identifiers>
          <isin value="US5645631046"/>
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        <balance>610.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>44328.70000000</valUSD>
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        <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>
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      </invstOrSec>
      <invstOrSec>
        <name>Universal Electronics Inc</name>
        <lei>549300ZW9EULAR7T6F89</lei>
        <title>Universal Electronics, Inc.</title>
        <cusip>913483103</cusip>
        <identifiers>
          <isin value="US9134831034"/>
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        <balance>730.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>28010.10000000</valUSD>
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        <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>
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      </invstOrSec>
      <invstOrSec>
        <name>Glaukos Corp</name>
        <lei>5299004JA1LHE21M6T14</lei>
        <title>Glaukos Corp.</title>
        <cusip>377322102</cusip>
        <identifiers>
          <isin value="US3773221029"/>
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        <balance>1000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>30860.00000000</valUSD>
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        <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>
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      <invstOrSec>
        <name>Virtus Investment Partners Inc</name>
        <lei>549300HWF93HB8BDM648</lei>
        <title>Virtus Investment Partners, Inc.</title>
        <cusip>92828Q109</cusip>
        <identifiers>
          <isin value="US92828Q1094"/>
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        <balance>763.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>58071.93000000</valUSD>
        <pctVal>1.006510957935</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>
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      <invstOrSec>
        <name>SPS Commerce Inc</name>
        <lei>2549006XVF9GCCETDQ72</lei>
        <title>SPS Commerce, Inc.</title>
        <cusip>78463M107</cusip>
        <identifiers>
          <isin value="US78463M1071"/>
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        <balance>1040.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>48370.40000000</valUSD>
        <pctVal>0.838362658856</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>
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      <invstOrSec>
        <name>Cavco Industries Inc</name>
        <lei>N/A</lei>
        <title>Cavco Industries, Inc.</title>
        <cusip>149568107</cusip>
        <identifiers>
          <isin value="US1495681074"/>
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        <balance>214.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>31017.16000000</valUSD>
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        <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>
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      <invstOrSec>
        <name>Addus HomeCare Corp</name>
        <lei>52990090ZT33AKPDBX62</lei>
        <title>Addus HomeCare Corp.</title>
        <cusip>006739106</cusip>
        <identifiers>
          <isin value="US0067391062"/>
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        <balance>470.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>31772.00000000</valUSD>
        <pctVal>0.550676827092</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>
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      <invstOrSec>
        <name>Cogent Communications Holdings</name>
        <lei>N/A</lei>
        <title>Cogent Communications Holdings, Inc.</title>
        <cusip>19239V302</cusip>
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          <isin value="US19239V3024"/>
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        <balance>560.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>45903.20000000</valUSD>
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        <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>
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      <invstOrSec>
        <name>Fox Factory Holding Corp</name>
        <lei>529900GE1HSV0617R721</lei>
        <title>Fox Factory Holding Corp.</title>
        <cusip>35138V102</cusip>
        <identifiers>
          <isin value="US35138V1026"/>
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        <balance>970.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>40740.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Federal Signal Corp</name>
        <lei>549300RTXZRPTNP6G884</lei>
        <title>Federal Signal Corp.</title>
        <cusip>313855108</cusip>
        <identifiers>
          <isin value="US3138551086"/>
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        <balance>2887.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>78757.36000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DMC Global Inc</name>
        <lei>549300CBDXD1Z5MRNG02</lei>
        <title>DMC Global, Inc.</title>
        <cusip>23291C103</cusip>
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          <isin value="US23291C1036"/>
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        <balance>2089.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>48067.89000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Talos Energy Inc</name>
        <lei>549300OKFHZ84SFJFT95</lei>
        <title>Talos Energy, Inc.</title>
        <cusip>87484T108</cusip>
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          <isin value="US87484T1088"/>
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        <balance>6065.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>34873.75000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Simpson Manufacturing Co Inc</name>
        <lei>529900EJUNNL15LZ8056</lei>
        <title>Simpson Manufacturing Company, Inc.</title>
        <cusip>829073105</cusip>
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        <balance>795.00000000</balance>
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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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NIC Inc</name>
        <lei>529900B18T4Q37BZ0F35</lei>
        <title>NIC, Inc.</title>
        <cusip>62914B100</cusip>
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        <balance>1865.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>42895.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Tennant Co</name>
        <lei>JYAIRLT8DVP6DP8UT336</lei>
        <title>Tennant Co.</title>
        <cusip>880345103</cusip>
        <identifiers>
          <isin value="US8803451033"/>
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        <balance>530.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Ultra Clean Holdings Inc</name>
        <lei>5493007L6LS7QX18PE75</lei>
        <title>Ultra Clean Holdings, Inc.</title>
        <cusip>90385V107</cusip>
        <identifiers>
          <isin value="US90385V1070"/>
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        <balance>4618.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Wingstop Inc</name>
        <lei>549300SSH3F8HPIM3Q47</lei>
        <title>Wingstop, Inc.</title>
        <cusip>974155103</cusip>
        <identifiers>
          <isin value="US9741551033"/>
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        <balance>955.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>76113.50000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LHC Group Inc</name>
        <lei>5299009NPLWAMRQYZX73</lei>
        <title>LHC Group, Inc.</title>
        <cusip>50187A107</cusip>
        <identifiers>
          <isin value="US50187A1079"/>
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        <balance>330.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>46266.00000000</valUSD>
        <pctVal>0.801888898471</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Essential Properties Realty Tr</name>
        <lei>N/A</lei>
        <title>Essential Properties Realty Trust, Inc.</title>
        <cusip>29670E107</cusip>
        <identifiers>
          <isin value="US29670E1073"/>
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        <balance>4376.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>57150.56000000</valUSD>
        <pctVal>0.990541641927</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>
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      </invstOrSec>
      <invstOrSec>
        <name>REGENXBIO Inc</name>
        <lei>549300EOES47LATSET33</lei>
        <title>REGENXBIO, Inc.</title>
        <cusip>75901B107</cusip>
        <identifiers>
          <isin value="US75901B1070"/>
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        <balance>644.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>20852.72000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Rent-A-Center Inc/TX</name>
        <lei>529900QUHE15UQNCCJ63</lei>
        <title>Rent-A-Center, Inc.</title>
        <cusip>76009N100</cusip>
        <identifiers>
          <isin value="US76009N1000"/>
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        <balance>3992.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>56446.88000000</valUSD>
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        <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>
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      <invstOrSec>
        <name>Exponent Inc</name>
        <lei>529900NY3F5Q2NWPUZ42</lei>
        <title>Exponent, Inc.</title>
        <cusip>30214U102</cusip>
        <identifiers>
          <isin value="US30214U1025"/>
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        <balance>560.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>40269.60000000</valUSD>
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        <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>
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      </invstOrSec>
      <invstOrSec>
        <name>Comtech Telecommunications Cor</name>
        <lei>529900FTEZ8MGM0Y8F73</lei>
        <title>Comtech Telecommunications Corp.</title>
        <cusip>205826209</cusip>
        <identifiers>
          <isin value="US2058262096"/>
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        <balance>1390.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>18473.10000000</valUSD>
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        <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>
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      <invstOrSec>
        <name>QuinStreet Inc</name>
        <lei>549300TP8MFBFPOS4Y78</lei>
        <title>QuinStreet, Inc.</title>
        <cusip>74874Q100</cusip>
        <identifiers>
          <isin value="US74874Q1004"/>
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        <balance>2365.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>19038.25000000</valUSD>
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        <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>
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      <invstOrSec>
        <name>OSI Systems Inc</name>
        <lei>DDX3MPX1Y8YD30050X33</lei>
        <title>OSI Systems, Inc.</title>
        <cusip>671044105</cusip>
        <identifiers>
          <isin value="US6710441055"/>
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        <balance>750.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>51690.00000000</valUSD>
        <pctVal>0.895898438637</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>
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      <invstOrSec>
        <name>Saia Inc</name>
        <lei>549300WNPG4N9GBOYB29</lei>
        <title>Saia, Inc.</title>
        <cusip>78709Y105</cusip>
        <identifiers>
          <isin value="US78709Y1055"/>
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        <balance>800.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>58832.00000000</valUSD>
        <pctVal>1.019684599379</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>
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      <invstOrSec>
        <name>Cardiovascular Systems Inc</name>
        <lei>549300NUBWKJMNMQ3287</lei>
        <title>Cardiovascular Systems, Inc.</title>
        <cusip>141619106</cusip>
        <identifiers>
          <isin value="US1416191062"/>
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        <balance>1616.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>56899.36000000</valUSD>
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        <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>
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      <invstOrSec>
        <name>TTEC Holdings Inc</name>
        <lei>GTJS1N8S8I28A7L4WG97</lei>
        <title>TTEC Holdings, Inc.</title>
        <cusip>89854H102</cusip>
        <identifiers>
          <isin value="US89854H1023"/>
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        <balance>1590.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>58384.80000000</valUSD>
        <pctVal>1.011933665315</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>
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      <invstOrSec>
        <name>St Joe Co/The</name>
        <lei>529900XVHOT3BF8PWG49</lei>
        <title>St. Joe Co.</title>
        <cusip>790148100</cusip>
        <identifiers>
          <isin value="US7901481009"/>
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        <balance>1851.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>31059.78000000</valUSD>
        <pctVal>0.538332528659</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>
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      <invstOrSec>
        <name>LeMaitre Vascular Inc</name>
        <lei>549300FZUBUB7MHY8R17</lei>
        <title>LeMaitre Vascular, Inc.</title>
        <cusip>525558201</cusip>
        <identifiers>
          <isin value="US5255582018"/>
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        <balance>1058.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>26365.36000000</valUSD>
        <pctVal>0.456968172917</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>
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      <invstOrSec>
        <name>Enova International Inc</name>
        <lei>549300O8XOCQSB49UO63</lei>
        <title>Enova International, Inc.</title>
        <cusip>29357K103</cusip>
        <identifiers>
          <isin value="US29357K1034"/>
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        <balance>2939.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>42586.11000000</valUSD>
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        <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>
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      <invstOrSec>
        <name>Diodes Inc</name>
        <lei>549300XP2X1ARVH3BX23</lei>
        <title>Diodes, Inc.</title>
        <cusip>254543101</cusip>
        <identifiers>
          <isin value="US2545431015"/>
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        <balance>1130.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>45917.55000000</valUSD>
        <pctVal>0.795849513465</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>
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      <invstOrSec>
        <name>LGI Homes Inc</name>
        <lei>549300W02B4WNV8CV109</lei>
        <title>LGI Homes, Inc.</title>
        <cusip>50187T106</cusip>
        <identifiers>
          <isin value="US50187T1060"/>
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        <balance>1534.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>69260.10000000</valUSD>
        <pctVal>1.200425913133</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>
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      <invstOrSec>
        <name>Universal Forest Products Inc</name>
        <lei>5493007KB485C9OV5572</lei>
        <title>Universal Forest Products, Inc.</title>
        <cusip>913543104</cusip>
        <identifiers>
          <isin value="US9135431040"/>
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        <balance>1576.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>58611.44000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Coca-Cola Consolidated Inc</name>
        <lei>57VG5X0E00X0QJU7CQ58</lei>
        <title>Coca-Cola Consolidated, Inc.</title>
        <cusip>191098102</cusip>
        <identifiers>
          <isin value="US1910981026"/>
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        <balance>240.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>50047.20000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NMI Holdings Inc</name>
        <lei>529900KNNGFXJX1C3Z08</lei>
        <title>NMI Holdings, Inc.</title>
        <cusip>629209305</cusip>
        <identifiers>
          <isin value="US6292093050"/>
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        <balance>3550.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>41215.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Boot Barn Holdings Inc</name>
        <lei>529900QE1BFMYA3N4E71</lei>
        <title>Boot Barn Holdings, Inc.</title>
        <cusip>099406100</cusip>
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          <isin value="US0994061002"/>
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        <balance>1436.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>18567.48000000</valUSD>
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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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Digi International Inc</name>
        <lei>529900KG656HGROI4N27</lei>
        <title>Digi International, Inc.</title>
        <cusip>253798102</cusip>
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          <isin value="US2537981027"/>
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        <balance>2620.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>24994.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Helix Energy Solutions Group I</name>
        <lei>416AP2JOUTCWEGSOZW41</lei>
        <title>Helix Energy Solutions Group, Inc.</title>
        <cusip>42330P107</cusip>
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          <isin value="US42330P1075"/>
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        <balance>8818.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>14461.52000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Anika Therapeutics Inc</name>
        <lei>529900R9LS3Z0O6QH455</lei>
        <title>Anika Therapeutics, Inc.</title>
        <cusip>035255108</cusip>
        <identifiers>
          <isin value="US0352551081"/>
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        <balance>763.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>22058.33000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Penn Virginia Corp</name>
        <lei>5493003S4AVU6OSXB118</lei>
        <title>Penn Virginia Corp.</title>
        <cusip>70788V102</cusip>
        <identifiers>
          <isin value="US70788V1026"/>
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        <balance>3540.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>10938.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Kinsale Capital Group Inc</name>
        <lei>529900QTUQHNZ6HOA508</lei>
        <title>Kinsale Capital Group, Inc.</title>
        <cusip>49714P108</cusip>
        <identifiers>
          <isin value="US49714P1084"/>
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        <balance>1150.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>120209.50000000</valUSD>
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        <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>
      <invstOrSec>
        <name>CorVel Corp</name>
        <lei>N/A</lei>
        <title>CorVel Corp.</title>
        <cusip>221006109</cusip>
        <identifiers>
          <isin value="US2210061097"/>
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        <balance>311.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>16952.61000000</valUSD>
        <pctVal>0.293825049909</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>
      <invstOrSec>
        <name>Virtusa Corp</name>
        <lei>C77OMXDER63WLJCSKT03</lei>
        <title>Virtusa Corp.</title>
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          <isin value="US92827P1021"/>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>First American Funds</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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          <ticker value="FGZXX"/>
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        <balance>122125.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <cashCollateralCondition cashCollateralVal="122125.00000000" isCashCollateral="Y"/>
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      <invstOrSec>
        <name>Griffon Corp</name>
        <lei>5493000C2SGNC7ZN3242</lei>
        <title>Griffon Corp.</title>
        <cusip>398433102</cusip>
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          <isin value="US3984331021"/>
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        <balance>4117.00000000</balance>
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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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Albany International Corp</name>
        <lei>L73WCPNCZIRSQGZTW097</lei>
        <title>Albany International Corp.</title>
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          <isin value="US0123481089"/>
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        <balance>478.00000000</balance>
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        <curCd>USD</curCd>
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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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CIRCOR International Inc</name>
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          <isin value="US17273K1097"/>
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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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Granite Point Mortgage Trust I</name>
        <lei>529900VX2HQZ76AYIE02</lei>
        <title>Granite Point Mortgage Trust, Inc.</title>
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          <isin value="US38741L1070"/>
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        <balance>3652.00000000</balance>
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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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Crocs Inc</name>
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        <title>Crocs, Inc.</title>
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          <isin value="US2270461096"/>
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        <balance>810.00000000</balance>
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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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>eHealth Inc</name>
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        <title>eHealth, Inc.</title>
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          <isin value="US28238P1093"/>
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        <balance>800.00000000</balance>
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        <curCd>USD</curCd>
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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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SPX Corp</name>
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        <title>SPX Corp.</title>
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          <isin value="US7846351044"/>
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        <balance>700.00000000</balance>
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        <curCd>USD</curCd>
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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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Par Pacific Holdings Inc</name>
        <lei>549300BTNS7MHSHRLR55</lei>
        <title>Par Pacific Holdings, Inc.</title>
        <cusip>69888T207</cusip>
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          <isin value="US69888T2078"/>
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        <balance>5586.00000000</balance>
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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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Xperi Corp</name>
        <lei>529900L3ZKEYH5WX3L03</lei>
        <title>Xperi Corp.</title>
        <cusip>98421B100</cusip>
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          <isin value="US98421B1008"/>
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        <balance>3589.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>49922.99000000</valUSD>
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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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Shake Shack Inc</name>
        <lei>529900J74GJAHYP80N79</lei>
        <title>Shake Shack, Inc.</title>
        <cusip>819047101</cusip>
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          <isin value="US8190471016"/>
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        <balance>853.00000000</balance>
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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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Medpace Holdings Inc</name>
        <lei>549300H8TYEUVTW14A54</lei>
        <title>Medpace Holdings, Inc.</title>
        <cusip>58506Q109</cusip>
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          <isin value="US58506Q1094"/>
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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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Brooks Automation Inc</name>
        <lei>35ZN6X1ANPH25YN32Y17</lei>
        <title>Brooks Automation, Inc.</title>
        <cusip>114340102</cusip>
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        <balance>2493.00000000</balance>
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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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Ring Energy Inc</name>
        <lei>549300HMY6TJ265I8S64</lei>
        <title>Ring Energy, Inc.</title>
        <cusip>76680V108</cusip>
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        <balance>40480.00000000</balance>
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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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      <invstOrSec>
        <name>Power Integrations Inc</name>
        <lei>54930085LGXSCIHD5W31</lei>
        <title>Power Integrations, Inc.</title>
        <cusip>739276103</cusip>
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          <isin value="US7392761034"/>
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        <balance>380.00000000</balance>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Innoviva Inc</name>
        <lei>549300ACOX4QTBES6535</lei>
        <title>Innoviva, Inc.</title>
        <cusip>45781M101</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Alarm.com Holdings Inc</name>
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        <title>Alarm.com Holdings, Inc.</title>
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      <invstOrSec>
        <name>RadNet Inc</name>
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        <title>RadNet, Inc.</title>
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      <invstOrSec>
        <name>Preferred Bank/Los Angeles CA</name>
        <lei>5493007K6HGI9G0ECX16</lei>
        <title>Preferred Bank/Los Angeles CA</title>
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        <balance>850.00000000</balance>
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        <name>Patrick Industries Inc</name>
        <lei>549300FZ5ZTCCJ3Z5W14</lei>
        <title>Patrick Industries, Inc.</title>
        <cusip>703343103</cusip>
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      <invstOrSec>
        <name>Hanger Inc</name>
        <lei>254900ZJJJYVLHJXSZ60</lei>
        <title>Hanger, Inc.</title>
        <cusip>41043F208</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Community Healthcare Trust Inc</name>
        <lei>549300FATSRCMKOV9536</lei>
        <title>Community Healthcare Trust, Inc.</title>
        <cusip>20369C106</cusip>
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        <balance>1450.00000000</balance>
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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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ServisFirst Bancshares Inc</name>
        <lei>N/A</lei>
        <title>ServisFirst Bancshares, Inc.</title>
        <cusip>81768T108</cusip>
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        <balance>760.00000000</balance>
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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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Medifast Inc</name>
        <lei>5299000YHQJ21T5KKI80</lei>
        <title>Medifast, Inc.</title>
        <cusip>58470H101</cusip>
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        <balance>261.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Triumph Group Inc</name>
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      <invstOrSec>
        <name>ExlService Holdings Inc</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Eagle Pharmaceuticals Inc/DE</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>UniFirst Corp/MA</name>
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        <title>UniFirst Corp.</title>
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        <curCd>USD</curCd>
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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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Installed Building Products In</name>
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        <title>Installed Building Products, Inc.</title>
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          <isin value="US45780R1014"/>
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        <curCd>USD</curCd>
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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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Advanced Energy Industries Inc</name>
        <lei>549300756XI3QLFT2U27</lei>
        <title>Advanced Energy Industries, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Meta Financial Group Inc</name>
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        <title>Meta Financial Group, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Callaway Golf Co</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>J.P. MORGAN SECURITIES LLC</name>
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        <assetCat>RA</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <transCat>Repurchase</transCat>
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              <invstCat>UST</invstCat>
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      <invstOrSec>
        <name>3D Systems Corp</name>
        <lei>5493003HHDOCCW4OP744</lei>
        <title>3D Systems Corp.</title>
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          <isin value="US88554D2053"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Qualys Inc</name>
        <lei>549300EMBXYOW9W1XA17</lei>
        <title>Qualys, Inc.</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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      <invstOrSec>
        <name>Lithia Motors Inc</name>
        <lei>SE8N1EZEHPZQBCBVKD53</lei>
        <title>Lithia Motors, Inc.</title>
        <cusip>536797103</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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      <invstOrSec>
        <name>American Woodmark Corp</name>
        <lei>N/A</lei>
        <title>American Woodmark Corp.</title>
        <cusip>030506109</cusip>
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        <fairValLevel>1</fairValLevel>
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        <name>TopBuild Corp</name>
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        <title>TopBuild Corp.</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>MDC Holdings Inc</name>
        <lei>5299005FV4VNV75R8R35</lei>
        <title>MDC Holdings, Inc.</title>
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      <invstOrSec>
        <name>Vicor Corp</name>
        <lei>5299005KMQOTR6B51F09</lei>
        <title>Vicor Corp.</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Enanta Pharmaceuticals Inc</name>
        <lei>529900SSN4DODDQSN594</lei>
        <title>Enanta Pharmaceuticals, Inc.</title>
        <cusip>29251M106</cusip>
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      <invstOrSec>
        <name>AAON Inc</name>
        <lei>N/A</lei>
        <title>AAON, Inc.</title>
        <cusip>000360206</cusip>
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        <name>Shutterstock Inc</name>
        <lei>529900G2TDIS56V0LO22</lei>
        <title>Shutterstock, Inc.</title>
        <cusip>825690100</cusip>
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        <name>ANI Pharmaceuticals Inc</name>
        <lei>5493000T6CXTND40YH31</lei>
        <title>ANI Pharmaceuticals, Inc.</title>
        <cusip>00182C103</cusip>
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        <name>Inter Parfums Inc</name>
        <lei>N/A</lei>
        <title>Inter Parfums, Inc.</title>
        <cusip>458334109</cusip>
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        <name>Fabrinet</name>
        <lei>5493004TETZ6IYF7CV44</lei>
        <title>Fabrinet</title>
        <cusip>N/A</cusip>
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        <balance>680.00000000</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>Cutera Inc</name>
        <lei>529900NPKPEWJWR21Z42</lei>
        <title>Cutera, Inc.</title>
        <cusip>232109108</cusip>
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        <balance>1775.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>23181.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <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>Safehold Inc</name>
        <lei>549300MHMP6BIE0XV355</lei>
        <title>Safehold, Inc.</title>
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          <isin value="US78645L1008"/>
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        <curCd>USD</curCd>
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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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Zumiez Inc</name>
        <lei>549300J0PDF58P6HZD25</lei>
        <title>Zumiez, Inc.</title>
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          <isin value="US9898171015"/>
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        <balance>1806.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Koppers Holdings Inc</name>
        <lei>N/A</lei>
        <title>Koppers Holdings, Inc.</title>
        <cusip>50060P106</cusip>
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          <isin value="US50060P1066"/>
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        <balance>2115.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>John Bean Technologies Corp</name>
        <lei>5493007CT6ATBZ2L6826</lei>
        <title>John Bean Technologies Corp.</title>
        <cusip>477839104</cusip>
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          <isin value="US4778391049"/>
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        <balance>500.00000000</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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Alamo Group Inc</name>
        <lei>54930080C93RVZRSDV26</lei>
        <title>Alamo Group, Inc.</title>
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          <isin value="US0113111076"/>
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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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Schweitzer-Mauduit Internation</name>
        <lei>549300Z1FU4IDULG1R21</lei>
        <title>Schweitzer-Mauduit International, Inc.</title>
        <cusip>808541106</cusip>
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          <isin value="US8085411069"/>
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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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Allegiant Travel Co</name>
        <lei>549300JM9OZXOHWL2K18</lei>
        <title>Allegiant Travel Co.</title>
        <cusip>01748X102</cusip>
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          <isin value="US01748X1028"/>
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        <curCd>USD</curCd>
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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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CONMED Corp</name>
        <lei>Z6C0YCECH9DCU5ZIQW84</lei>
        <title>CONMED Corp.</title>
        <cusip>207410101</cusip>
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          <isin value="US2074101013"/>
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        <balance>480.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Forward Air Corp</name>
        <lei>N/A</lei>
        <title>Forward Air Corp.</title>
        <cusip>349853101</cusip>
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          <isin value="US3498531017"/>
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        <balance>633.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Aerojet Rocketdyne Holdings In</name>
        <lei>549300VULNLWHE8QWI76</lei>
        <title>Aerojet Rocketdyne Holdings, Inc.</title>
        <cusip>007800105</cusip>
        <identifiers>
          <isin value="US0078001056"/>
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        <balance>968.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>40491.44000000</valUSD>
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        <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>
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      <invstOrSec>
        <name>Innovative Industrial Properti</name>
        <lei>5493008BQ0545EZXRR30</lei>
        <title>Innovative Industrial Properties, Inc.</title>
        <cusip>45781V101</cusip>
        <identifiers>
          <isin value="US45781V1017"/>
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        <balance>1581.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>120045.33000000</valUSD>
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        <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>
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      <invstOrSec>
        <name>NeoGenomics Inc</name>
        <lei>N/A</lei>
        <title>NeoGenomics, Inc.</title>
        <cusip>64049M209</cusip>
        <identifiers>
          <isin value="US64049M2098"/>
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        <balance>2670.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>73718.70000000</valUSD>
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        <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>
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      <invstOrSec>
        <name>EVERTEC Inc</name>
        <lei>N/A</lei>
        <title>EVERTEC, Inc.</title>
        <cusip>30040P103</cusip>
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          <isin value="PR30040P1032"/>
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        <balance>1002.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>22775.46000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SPX FLOW Inc</name>
        <lei>5493003YXEKRBINIEM78</lei>
        <title>SPX FLOW, Inc.</title>
        <cusip>78469X107</cusip>
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          <isin value="US78469X1072"/>
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        <balance>900.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>25578.00000000</valUSD>
        <pctVal>0.443321537308</pctVal>
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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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      <invstOrSec>
        <name>Ichor Holdings Ltd</name>
        <lei>529900PS8R2JVLJ2H892</lei>
        <title>Ichor Holdings Ltd.</title>
        <cusip>N/A</cusip>
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        <balance>2629.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>50371.64000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <name>Winnebago Industries Inc</name>
        <lei>549300B7OYKYJLTE3G11</lei>
        <title>Winnebago Industries, Inc.</title>
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        <balance>2169.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Franklin Electric Co Inc</name>
        <lei>RR6AURIKMXUE4Q24G284</lei>
        <title>Franklin Electric Company, Inc.</title>
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        <balance>810.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <name>Itron Inc</name>
        <lei>24F6LSZD18II6ICG6S41</lei>
        <title>Itron, Inc.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <name>Extreme Networks Inc</name>
        <lei>549300WRECW11X94UB57</lei>
        <title>Extreme Networks, Inc.</title>
        <cusip>30226D106</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <name>Universal Health Realty Income</name>
        <lei>549300L4MWZL4IH6H172</lei>
        <title>Universal Health Realty Income Trust</title>
        <cusip>91359E105</cusip>
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        <balance>350.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>8x8 Inc</name>
        <lei>254900XWSOC5U1BRW939</lei>
        <title>8x8, Inc.</title>
        <cusip>282914100</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <name>RR Donnelley &amp; Sons Co</name>
        <lei>SU4X0P4WWRGOQDTSV032</lei>
        <title>RR Donnelley &amp; Sons Co.</title>
        <cusip>257867200</cusip>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Sleep Number Corp</name>
        <lei>529900W0TZQLBT2DSS66</lei>
        <title>Sleep Number Corp.</title>
        <cusip>83125X103</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>Pennant Group Inc/The</name>
        <lei>5493007H2OYR6BYLDA64</lei>
        <title>Pennant Group, Inc.</title>
        <cusip>70805E109</cusip>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>LCI Industries</name>
        <lei>549300E1B98YNJ1WIQ04</lei>
        <title>LCI Industries</title>
        <cusip>50189K103</cusip>
        <identifiers>
          <isin value="US50189K1034"/>
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        <balance>590.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>39429.70000000</valUSD>
        <pctVal>0.683401173649</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>
      <invstOrSec>
        <name>John B Sanfilippo &amp; Son Inc</name>
        <lei>5299007IBEYVXKYDUX28</lei>
        <title>John B Sanfilippo &amp; Son, Inc.</title>
        <cusip>800422107</cusip>
        <identifiers>
          <isin value="US8004221078"/>
        </identifiers>
        <balance>280.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>25032.00000000</valUSD>
        <pctVal>0.433858187579</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>2020-04-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Rydex Variable Trust</ncom:nameOfApplicant>
      <ncom:signature>John Sullivan</ncom:signature>
      <ncom:signerName>John Sullivan</ncom:signerName>
      <ncom:title>CFO</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
