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      <invstOrSec>
        <name>Advance Auto Parts Inc.</name>
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        <name>Donnelley Financial Solutions Inc</name>
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        <name>Renasant Corp.</name>
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        <name>Formfactor Inc</name>
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        <name>Trustco Bank Corp NY</name>
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        <fairValLevel>1</fairValLevel>
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        <name>KAISER ALUMINUM CORP</name>
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        <name>Banc Of California Inc.</name>
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      <invstOrSec>
        <name>Heartland Express Inc.</name>
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        <title>Heartland Express Inc. COM</title>
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        <name>TG Therapeutics Inc</name>
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        <name>Centerspace</name>
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        <title>Centerspace COM</title>
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        <name>Buckle Inc</name>
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        <title>Buckle Inc COM</title>
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        <name>ADEIA INC</name>
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        <name>Pacira Biosciences Inc</name>
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        <name>Krystal Biotech Inc</name>
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        <name>Northern Oil And Gas, Inc.</name>
        <lei>OKFF0PIZDDMNH4UCYE51</lei>
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        <name>Metallus Inc.</name>
        <lei>549300QZTZWHDE9HJL14</lei>
        <title>Metallus Inc. COM</title>
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        <name>United Fire Group Inc</name>
        <lei>N/A</lei>
        <title>United Fire Group Inc COM</title>
        <cusip>910340108</cusip>
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      <invstOrSec>
        <name>HealthStream Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Arbor Realty Trust, Inc.</name>
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        <name>Adamas Trust Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Core Natural Resources Inc.</name>
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        <title>Core Natural Resources Inc. COM SHS</title>
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        <name>QuinStreet Inc.</name>
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        <name>Patrick Industries Inc.</name>
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        <name>Avista Corporation</name>
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        <name>PTC Therapeutics, Inc.</name>
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        <title>PTC Therapeutics, Inc. COM</title>
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        <name>St. Joe Co.</name>
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        <name>BNP PARIBAS</name>
        <lei>R0MUWSFPU8MPRO8K5P83</lei>
        <title>CFD CENTRAL PACIFIC FINANCIAL CORP</title>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>Qorvo Inc</name>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>CUSHMAN &amp; WAKEFIELD LTD</name>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>Newell Brands Inc.</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>HSBC BANK PLC</name>
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        <isRestrictedSec>N</isRestrictedSec>

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                <issuerName>Douglas Emmett Inc</issuerName>
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            <swapFlag>Y</swapFlag>
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      <invstOrSec>
        <name>SIMPLY GOOD FOODS CO (THE)</name>
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          <ticker value="SMPL"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>INDIVIOR PHARMACEUTICALS INC</name>
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      <invstOrSec>
        <name>Insight Enterprises Inc.</name>
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        <name>Benchmark Electronics, Inc.</name>
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        <name>Jackson Financial Inc</name>
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        <title>Jackson Financial Inc COM CL A</title>
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        <invCountry>US</invCountry>
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        <name>Stride Inc</name>
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        <invCountry>US</invCountry>
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        <name>US Physical Therapy Inc</name>
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        <name>INTERNATIONAL SEAWAYS INC</name>
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        <title>International Seaways Inc. COM NPV</title>
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        <invCountry>MH</invCountry>

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      <invstOrSec>
        <name>Merit Medical Systems Inc.</name>
        <lei>549300OYTY138SP2CE83</lei>
        <title>Merit Medical Systems Inc. COM</title>
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        <name>JPMORGAN CHASE BANK, NATIONAL ASSOCIATION</name>
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      <invstOrSec>
        <name>Air Lease Corporation</name>
        <lei>5493004NW4M4P8TMMK63</lei>
        <title>Air Lease Corporation CL A</title>
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          <ticker value="AL"/>
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        <name>DXC Technology Company</name>
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        <name>Alpha Metallurgical Resources Inc</name>
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        <name>Cargurus Inc</name>
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        <name>Liquidity Services Inc.</name>
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        <name>Easterly Government Properties Inc</name>
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        <name>HSBC BANK PLC</name>
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      <invstOrSec>
        <name>Dorman Products Inc.</name>
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        <name>CleanSpark Inc.</name>
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        <name>Artivion Inc</name>
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        <name>Veeco Instruments Inc.</name>
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        <name>Enact Holdings Inc</name>
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        <name>PDF Solutions Inc</name>
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        <title>PDF Solutions Inc COM</title>
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        <name>Ringcentral Inc</name>
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        <name>Titan International, Inc.</name>
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        <title>Titan International, Inc. COM</title>
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        <name>BNP PARIBAS</name>
        <lei>R0MUWSFPU8MPRO8K5P83</lei>
        <title>CFD ADEIA INC</title>
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      <invstOrSec>
        <name>Catalyst Pharmaceuticals Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Rogers Corp</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>California Water Service Group</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Celanese Corporation</name>
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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>HSBC BANK PLC</name>
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        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>HSBC BANK PLC</counterpartyName>
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      <invstOrSec>
        <name>Avanos Medical Inc</name>
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        <title>Avanos Medical Inc COM</title>
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          <isin value="US05350V1061"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>JBT Marel Corp.</name>
        <lei>5493007CT6ATBZ2L6826</lei>
        <title>JBT Marel Corp. COM</title>
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          <isin value="US4778391049"/>
          <ticker value="JBTM"/>
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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>
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      <invstOrSec>
        <name>Innovative Industrial Propertes Inc</name>
        <lei>5493008BQ0545EZXRR30</lei>
        <title>Innovative Industrial Propertes Inc COM</title>
        <cusip>45781V101</cusip>
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          <isin value="US45781V1017"/>
          <ticker value="IIPR"/>
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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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      <invstOrSec>
        <name>Robert Half Inc.</name>
        <lei>529900VPCUY9H3HLIC08</lei>
        <title>Robert Half Inc. COM</title>
        <cusip>770323103</cusip>
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          <isin value="US7703231032"/>
          <ticker value="RHI"/>
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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>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>The Greenbrier Companies, Inc.</name>
        <lei>5493001GAGGFR30BP390</lei>
        <title>The Greenbrier Companies, Inc. COM</title>
        <cusip>393657101</cusip>
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          <isin value="US3936571013"/>
          <ticker value="GBX"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Medical Properties Trust Inc.</name>
        <lei>254900U6E39J1MQCCY14</lei>
        <title>Medical Properties Trust Inc. COM</title>
        <cusip>58463J304</cusip>
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          <ticker value="MPT"/>
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        <fairValLevel>1</fairValLevel>
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        <name>Corcept Therapeutics Inc.</name>
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        <title>Corcept Therapeutics Inc. COM</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CVR Energy Inc.</name>
        <lei>529900SOYZIXZBTXB558</lei>
        <title>CVR Energy Inc. COM</title>
        <cusip>12662P108</cusip>
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          <isin value="US12662P1084"/>
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        <fairValLevel>1</fairValLevel>
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        <name>Sonic Automotive, Inc.</name>
        <lei>549300NTLRGJ2JCBZU03</lei>
        <title>Sonic Automotive, Inc. CL A</title>
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          <ticker value="SAH"/>
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        <fairValLevel>1</fairValLevel>
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        <name>Apollo Commercial Real Estate Finance, Inc.</name>
        <lei>549300E0AN7M2AQHSY29</lei>
        <title>Apollo Commercial Real Estate Finance, Inc. COM</title>
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          <ticker value="ARI"/>
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        <name>Goosehead Insurance Inc</name>
        <lei>549300WH5MBIWHJ9XY95</lei>
        <title>Goosehead Insurance Inc COM CL A</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Brady Corp</name>
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        <title>Brady Corp CL A</title>
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        <name>Navient Corporation</name>
        <lei>54930067J0ZNOEBRW338</lei>
        <title>Navient Corporation COM</title>
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        <name>Apellis Pharmaceuticals Inc</name>
        <lei>254900HS0ZFRXXSB9D42</lei>
        <title>Apellis Pharmaceuticals Inc COM</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Worthington Enterprises Inc</name>
        <lei>1WRCIANKYOIK6KYE5E82</lei>
        <title>Worthington Enterprises Inc COM</title>
        <cusip>981811102</cusip>
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        <fairValLevel>1</fairValLevel>
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        <name>Plexus Corp</name>
        <lei>549300W7HCBI5YT25I79</lei>
        <title>Plexus Corp COM</title>
        <cusip>729132100</cusip>
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      <invstOrSec>
        <name>Cracker Barrel Old Country Store Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>BGC Group Inc</name>
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        <name>First Financial Bancorp.</name>
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        <name>Meritage Homes Corp</name>
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        <name>Leggett &amp; Platt Inc.</name>
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        <name>Callaway Golf Co.</name>
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        <name>Dana Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>GEO Group Inc</name>
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        <name>Atlantic Union Bankshares Corp</name>
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        <name>OTTER TAIL CORP</name>
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        <name>Sabre Corporation</name>
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        <name>HSBC BANK PLC</name>
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        <name>J&amp;J Snack Foods Corp</name>
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        <name>BNP PARIBAS</name>
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        <name>Radian Group Inc.</name>
        <lei>54930005OUP720S5U385</lei>
        <title>Radian Group Inc. COM</title>
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        <name>Maxlinear Inc</name>
        <lei>549300EMOI0SM2IY4F64</lei>
        <title>Maxlinear Inc COM</title>
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        <name>ABM Industries Inc.</name>
        <lei>QF02R89VEIOROM77J447</lei>
        <title>ABM Industries Inc. COM</title>
        <cusip>000957100</cusip>
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        <name>ESCO Technologies Inc.</name>
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        <name>MERRILL LYNCH INTERNATIONAL</name>
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        <name>TransMedics Group Inc.</name>
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        <name>GOLDMAN SACHS BANK USA</name>
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      <invstOrSec>
        <name>Frontdoor Inc</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>American Eagle Outfitters Inc.</name>
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      <invstOrSec>
        <name>Collegium Pharmaceutical Inc.</name>
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        <name>VERSANT MEDIA GROUP INC</name>
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        <name>FRESH DEL MONTE PRODUCE INC</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Element Solutions Inc</name>
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        <name>California Resources Corporation</name>
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        <name>Oxford Industries, Inc.</name>
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        <name>NETSCOUT Systems Inc.</name>
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        <name>Lindsay Corp</name>
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        <name>NMI Holdings Inc</name>
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        <name>VIR Biotechnology Inc</name>
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        <name>MDU RESOURCES GROUP INC</name>
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        <name>Cal-Maine Foods Inc.</name>
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        <name>Insperity Inc</name>
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        <name>Archrock Inc</name>
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      <invstOrSec>
        <name>Box Inc.</name>
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        <title>Box Inc. CL A</title>
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      <invstOrSec>
        <name>DIME COMMUNITY BANCSHARES INC</name>
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        <title>Dime Community Bancshares Inc. COM</title>
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      <invstOrSec>
        <name>ATLAS ENERGY SOLUTIONS INC</name>
        <lei>N/A</lei>
        <title>Atlas Energy Solutions Inc. COM NEW</title>
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          <ticker value="AESI"/>
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      <invstOrSec>
        <name>Yelp Inc</name>
        <lei>5299007OU2DOSXPQBO35</lei>
        <title>Yelp Inc CL A</title>
        <cusip>985817105</cusip>
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          <ticker value="YELP"/>
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        <invCountry>US</invCountry>
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      </invstOrSec>
      <invstOrSec>
        <name>Carters Inc.</name>
        <lei>5299003WAQK4R3L3ZU36</lei>
        <title>Carters Inc. COM</title>
        <cusip>146229109</cusip>
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          <ticker value="CRI"/>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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                <issuerName>Extreme Networks Inc.</issuerName>
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        <name>Fortrea Holdings Inc.</name>
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        <name>Shake Shack Inc</name>
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        <name>Neogen Corp</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Universal Corporation</name>
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      <invstOrSec>
        <name>Sphere Entertainment Co.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>MillerKnoll Inc.</name>
        <lei>U98HXD3PNK7HYU2MU887</lei>
        <title>MillerKnoll Inc. COM</title>
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          <isin value="US6005441000"/>
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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>Paycom Software Inc</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Hope Bancorp Inc</name>
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      <invstOrSec>
        <name>BancFirst Corp.</name>
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        <name>Alamo Group Inc</name>
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        <title>Alamo Group Inc COM</title>
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        <name>HSBC BANK PLC</name>
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      <invstOrSec>
        <name>Power Integrations Inc.</name>
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        <name>Provident Financial Services Inc.</name>
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        <name>Southside Bancshares Inc.</name>
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        <name>Helmerich &amp; Payne Inc</name>
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        <title>Helmerich &amp; Payne Inc COM</title>
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        <name>Sun Country Airlines Holdings Inc.</name>
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        <title>Sun Country Airlines Holdings Inc. COM</title>
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        <name>Korn Ferry</name>
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      <invstOrSec>
        <name>GOLDMAN SACHS BANK USA</name>
        <lei>KD3XUN7C6T14HNAYLU02</lei>
        <title>CFD EMPLOYERS HOLDINGS INC</title>
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        <name>Biolife Solutions Inc.</name>
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        <name>Horace Mann Educators Corporation</name>
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        <name>United Parks &amp; Resorts Inc</name>
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        <name>Insteel Industries Inc.</name>
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        <name>Artisan Partners Asset Management Inc.</name>
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        <name>Albany International Corp.</name>
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        <name>Pathward Financial Inc</name>
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        <name>Conmed Corporation</name>
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        <name>OSI System Inc.</name>
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        <name>Patterson-UTI Energy Inc.</name>
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        <name>Sally Beauty Holdings Inc.</name>
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        <name>Cytek Biosciences Inc</name>
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        <title>National Healthcare Corporation COM</title>
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        <name>AMN Healthcare Services Inc</name>
        <lei>529900W3ARRTCNFH2I39</lei>
        <title>AMN Healthcare Services Inc COM</title>
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        <name>TELEPHONE &amp; DATA SYSTEMS INC</name>
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        <name>Franklin Bsp Realty Trust Inc</name>
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        <name>Talos Energy Inc</name>
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        <name>Arcosa Inc</name>
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        <name>Tripadvisor Inc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>JPMORGAN CHASE BANK, NATIONAL ASSOCIATION</name>
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        <name>Ziff Davis Inc</name>
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        <name>Calix Inc.</name>
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        <title>Calix Inc. COM</title>
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        <name>Sylvamo Corp.</name>
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        <name>Blackline Inc</name>
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        <name>Green Brick Partners Inc.</name>
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        <name>PROG Holdings Inc.</name>
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        <name>Perrigo Company PLC</name>
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        <name>Sezzle Inc.</name>
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        <title>Sezzle Inc. COM</title>
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        <name>UNITI GROUP INC</name>
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        <name>Teleflex Incorporated</name>
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        <title>Teleflex Incorporated COM</title>
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        <name>EXP World Holdings Inc</name>
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        <title>EXP World Holdings Inc COM</title>
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        <name>CAPITOL FEDERAL FINANCIAL INC</name>
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        <name>Lemaitre Vascular Inc.</name>
        <lei>549300FZUBUB7MHY8R17</lei>
        <title>Lemaitre Vascular Inc. COM</title>
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        <name>Gentherm Inc</name>
        <lei>HKM6YX1U5JS60TCUB219</lei>
        <title>Gentherm Inc COM</title>
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        <name>Curbline Properties Corp.</name>
        <lei>529900PGR41LH0I81I15</lei>
        <title>Curbline Properties Corp. COM</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Xpel Inc.</name>
        <lei>549300KWSE3IGXLJNW66</lei>
        <title>Xpel Inc. COM</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>First Hawaiian Inc.</name>
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        <title>First Hawaiian Inc. COM</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Trupanion Inc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>A10 Networks Inc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>CHICAGO MERCANTILE EXCHANGE INC.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>GOLDMAN SACHS BANK USA</name>
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      <invstOrSec>
        <name>Mirion Technologies Inc</name>
        <lei>549300BNTOWVWFNVTJ65</lei>
        <title>Mirion Technologies Inc COM CL A</title>
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          <ticker value="MIR"/>
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        <fairValLevel>1</fairValLevel>
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        <name>Schneider National Inc</name>
        <lei>529900V6GZ6G6E3BLV72</lei>
        <title>Schneider National Inc CL B</title>
        <cusip>80689H102</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Installed Building Products Inc</name>
        <lei>549300I95Y9P9YM5FI86</lei>
        <title>Installed Building Products Inc COM</title>
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          <ticker value="IBP"/>
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        <fairValLevel>1</fairValLevel>
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        <name>Deluxe Corporation</name>
        <lei>KWGNKB8TX9LE5TV29231</lei>
        <title>Deluxe Corporation COM</title>
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          <ticker value="DLX"/>
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        <fairValLevel>1</fairValLevel>
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        <name>Tompkins Financial Corp.</name>
        <lei>254900QDQ6V0QJ0Z2348</lei>
        <title>Tompkins Financial Corp. COM</title>
        <cusip>890110109</cusip>
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          <ticker value="TMP"/>
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        <fairValLevel>1</fairValLevel>
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        <name>JPMORGAN CHASE BANK, NATIONAL ASSOCIATION</name>
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        <title>CFD SIRIUSPOINT LTD</title>
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        <name>Pitney Bowes Inc.</name>
        <lei>549300N2O26NW4ST6W55</lei>
        <title>Pitney Bowes Inc. COM</title>
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        <name>Radnet Inc</name>
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        <title>Radnet Inc COM</title>
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        <name>Extreme Networks Inc.</name>
        <lei>549300WRECW11X94UB57</lei>
        <title>Extreme Networks Inc. COM</title>
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        <name>Staar Surgical Co</name>
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        <title>Staar Surgical Co COM PAR $0.01</title>
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        <name>Universal Health Realty Income Trust</name>
        <lei>549300L4MWZL4IH6H172</lei>
        <title>Universal Health Realty Income Trust SH BEN INT</title>
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        <name>Independent Bank Corp.</name>
        <lei>549300C5K3W8THR3GE10</lei>
        <title>Independent Bank Corp. COM</title>
        <cusip>453836108</cusip>
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          <ticker value="INDB"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Proassurance Corp</name>
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      <invstOrSec>
        <name>FB Financial Corp.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Molina Healthcare, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Blackstone Mortgage Trust, Inc</name>
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      <invstOrSec>
        <name>Mercury Systems Inc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>LGI Homes Inc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Bank of Hawaii Corp.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Warrior Met Coal Inc</name>
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        <title>Warrior Met Coal Inc COM</title>
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          <ticker value="HCC"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Badger Meter Inc</name>
        <lei>5493002JENE20OGTUG20</lei>
        <title>Badger Meter Inc COM</title>
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          <ticker value="BMI"/>
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      <invstOrSec>
        <name>Acushnet Holdings Corp</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Essential Properties Realty Trust Inc.</name>
        <lei>2549009LXQLVYCGLZO50</lei>
        <title>Essential Properties Realty Trust Inc. COM</title>
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        <fairValLevel>1</fairValLevel>
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        <name>HSBC BANK PLC</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>AZZ Inc</name>
        <lei>549300HD1X2NFLWPYC83</lei>
        <title>AZZ Inc COM</title>
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        <name>Winnebago Industries Inc.</name>
        <lei>549300B7OYKYJLTE3G11</lei>
        <title>Winnebago Industries Inc. COM</title>
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        <name>Perdoceo Education Corp.</name>
        <lei>529900X5PCA184O9LY90</lei>
        <title>Perdoceo Education Corp. COM</title>
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        <name>Kohl's Corp.</name>
        <lei>549300JF6LPRTRJ0FH50</lei>
        <title>Kohl's Corp. COM</title>
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        <name>Simmons First National Corp</name>
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        <title>Simmons First National Corp CL A $1 PAR</title>
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        <name>Highwoods Properties, Inc.</name>
        <lei>ZIIGTYKL9T0X3HLTDX53</lei>
        <title>Highwoods Properties, Inc. COM</title>
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        <name>Adient PLC</name>
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        <title>Adient PLC COM USD0.001</title>
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        <name>Q2 Holdings Inc</name>
        <lei>549300M9RKR9DZXWS696</lei>
        <title>Q2 Holdings Inc COM</title>
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        <name>Tanger Inc.</name>
        <lei>UKEW8YSXE4Y581KYOL30</lei>
        <title>Tanger Inc. COM</title>
        <cusip>875465106</cusip>
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          <ticker value="SKT"/>
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        <name>The Western Union Company</name>
        <lei>28ID94QU1140NC23S047</lei>
        <title>The Western Union Company COM</title>
        <cusip>959802109</cusip>
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          <isin value="US9598021098"/>
          <ticker value="WU"/>
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        <fairValLevel>1</fairValLevel>
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        <name>Lincoln National Corp.</name>
        <lei>EFQMQROEDSNBRIP7LE47</lei>
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        <name>JPMORGAN CHASE BANK, NATIONAL ASSOCIATION</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Viavi Solutions Inc</name>
        <lei>5493006K3E3N1QOBF092</lei>
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        <name>Ellington Financial Inc</name>
        <lei>60GS1D1R1YY5G1W7IT74</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>IAC Inc</name>
        <lei>549300TO56L57RP6P031</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ARMOUR Residential REIT, Inc.</name>
        <lei>549300K0WA0EJUX74V72</lei>
        <title>ARMOUR Residential REIT, Inc. COM SHS</title>
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          <isin value="US0423157058"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Comstock Resources, Inc.</name>
        <lei>I03QQGEA4SS774AURI46</lei>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>American Woodmark Corporation</name>
        <lei>5299007PFSDWMA74RB56</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Wolverine World Wide, Inc.</name>
        <lei>549300OVC7PK14LQ8D87</lei>
        <title>Wolverine World Wide, Inc. COM</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Seacoast Banking Corporation Of Florida</name>
        <lei>549300V6IC06XYQYPG88</lei>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Urban Outfitters Inc.</name>
        <lei>549300N3DUFR5U6NRN38</lei>
        <title>Urban Outfitters Inc. COM</title>
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        <curCd>USD</curCd>
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        <fairValLevel>1</fairValLevel>
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        <name>Sensient Technologies Corp</name>
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        <title>Sensient Technologies Corp COM</title>
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        <name>Enphase Energy Inc</name>
        <lei>5493008U7KIGMI59Z314</lei>
        <title>Enphase Energy Inc COM</title>
        <cusip>29355A107</cusip>
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        <fairValLevel>1</fairValLevel>
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        <name>Customers Bancorp, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Tootsie Roll Industries Inc.</name>
        <lei>529900SBKOV9XX4M4Q35</lei>
        <title>Tootsie Roll Industries Inc. COM</title>
        <cusip>890516107</cusip>
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          <isin value="US8905161076"/>
          <ticker value="TR"/>
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        <fairValLevel>1</fairValLevel>
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        <name>NCR Voyix Corporation</name>
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        <title>NCR Voyix Corporation COM</title>
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        <name>Neogenomics Inc</name>
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        <title>Neogenomics Inc COM NEW</title>
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        <name>Gates Industrial Corp PLC</name>
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        <name>GOLDMAN SACHS BANK USA</name>
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        <title>CFD ARBOR REALTY TRUST INC</title>
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        <name>PRA Group Inc.</name>
        <lei>549300Q5HW3JSSB86K27</lei>
        <title>PRA Group Inc. COM</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isNonCashCollateral>N</isNonCashCollateral>
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        <name>GOLDMAN SACHS BANK USA</name>
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      <invstOrSec>
        <name>Genworth Financial Inc.</name>
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        <name>Gogo Inc</name>
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        <title>Gogo Inc COM</title>
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        <title>Marcus &amp; Millichap Inc COM</title>
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        <name>GOLDMAN SACHS BANK USA</name>
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        <name>Ingevity Corporation</name>
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        <name>Six Flags Entertainment Corp.</name>
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        <title>Six Flags Entertainment Corp. COM</title>
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      <invstOrSec>
        <name>Corvel Corp</name>
        <lei>N/A</lei>
        <title>Corvel Corp COM</title>
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          <ticker value="CRVL"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <securityLending>
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      <invstOrSec>
        <name>Interface, Inc.</name>
        <lei>549300VXZWQOIDFPU355</lei>
        <title>Interface, Inc. COM</title>
        <cusip>458665304</cusip>
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          <ticker value="TILE"/>
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      <invstOrSec>
        <name>MarketAxess Holdings Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Rush Enterprises Inc.</name>
        <lei>529900V3XHTN7A6DFT17</lei>
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      <invstOrSec>
        <name>National Vision Holdings Inc</name>
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          <ticker value="EYE"/>
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      <invstOrSec>
        <name>Dream Finders Homes Inc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>S&amp;T Bancorp Inc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Mara Holdings Inc</name>
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        <name>The Andersons Inc</name>
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        <name>Lumen Technologies Inc</name>
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        <fairValLevel>1</fairValLevel>
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          <isNonCashCollateral>N</isNonCashCollateral>
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        <name>Liveramp Holdings Inc</name>
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        <fairValLevel>1</fairValLevel>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Everus Construction Group Inc.</name>
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        <title>Everus Construction Group Inc. COM</title>
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          <ticker value="ECG"/>
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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>Pediatrix Medical Group Inc</name>
        <lei>N/A</lei>
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          <ticker value="MD"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>GROCERY OUTLET HOLDING CORP</name>
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        <title>Grocery Outlet Holding Corp. COM</title>
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          <ticker value="GO"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Vestis Corp.</name>
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        <title>Vestis Corp. COM SHS</title>
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        <name>Cactus Inc</name>
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        <title>Cactus Inc CL A</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Kadant Inc</name>
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        <title>Kadant Inc COM</title>
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        <name>JPMORGAN CHASE BANK, NATIONAL ASSOCIATION</name>
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        <name>Papa John's International Inc.</name>
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        <title>Papa John's International Inc. COM</title>
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          <ticker value="PZZA"/>
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        <name>LegalZoom.Com Inc.</name>
        <lei>5493000L8EBF74Y9JZ48</lei>
        <title>LegalZoom.Com Inc. COM</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Banner Corp</name>
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        <title>Banner Corp COM NEW</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Grid Dynamics Holdings Inc.</name>
        <lei>9845007E77EEC65AZE29</lei>
        <title>Grid Dynamics Holdings Inc. CL A</title>
        <cusip>39813G109</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>City Holding Co</name>
        <lei>N/A</lei>
        <title>City Holding Co COM</title>
        <cusip>177835105</cusip>
        <identifiers>
          <isin value="US1778351056"/>
          <ticker value="CHCO"/>
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        <balance>864402.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>103313327.04000000</valUSD>
        <pctVal>0.112313043378</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>LXP Industrial Trust</name>
        <lei>549300S4MH2ICXDBFV43</lei>
        <title>LXP Industrial Trust COM</title>
        <cusip>529043408</cusip>
        <identifiers>
          <isin value="US5290434084"/>
          <ticker value="LXP"/>
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        <balance>3558791.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>164629671.66000000</valUSD>
        <pctVal>0.178970709629</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>The Wendys Company</name>
        <lei>529900M0JIUCMWVKHG76</lei>
        <title>The Wendys Company COM</title>
        <cusip>95058W100</cusip>
        <identifiers>
          <isin value="US95058W1009"/>
          <ticker value="WEN"/>
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        <balance>9479196.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>65880412.20000000</valUSD>
        <pctVal>0.071619313840</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>GOLDMAN SACHS BANK USA</name>
        <lei>KD3XUN7C6T14HNAYLU02</lei>
        <title>CFD PAR PACIFIC HOLDINGS INC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="GABJH08C3"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>5682853.21000000</valUSD>
        <pctVal>0.006177891636</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>GOLDMAN SACHS BANK USA</counterpartyName>
              <counterpartyLei>KD3XUN7C6T14HNAYLU02</counterpartyLei>
            </counterparties>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Par Pacific Holdings, Inc.</issuerName>
                <issueTitle>Par Pacific Holdings, Inc. COM NEW</issueTitle>
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                  <cusip value="69888T207"/>
                  <isin value="US69888T2078"/>
                  <ticker value="PARR"/>
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            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <otherRecDesc fixedOrFloating="Other">Performance Leg</otherRecDesc>
            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="1 DAY OVERNIGHT FEDS FUNDS EFFECTIVE RATE" floatingRtSpread="0.40000000" pmntAmt="-33631231.47000000">
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                <rtResetTenor rateTenor="Month" rateTenorUnit="1" resetDt="Day" resetDtUnit="1"/>
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            <terminationDt>2026-08-19</terminationDt>
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            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.00000000</upfrontRcpt>
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            <notionalAmt>-33631231.47000000</notionalAmt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Ligand Pharmaceuticals Incorporated</name>
        <lei>5493008K7TB0IKP37H79</lei>
        <title>Ligand Pharmaceuticals Incorporated COM NEW</title>
        <cusip>53220K504</cusip>
        <identifiers>
          <isin value="US53220K5048"/>
          <ticker value="LGND"/>
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        <balance>1181928.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>235971925.20000000</valUSD>
        <pctVal>0.256527650696</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="45206549.85000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Under Armour, Inc.</name>
        <lei>549300D4549QKWETZ406</lei>
        <title>Under Armour, Inc. CL A</title>
        <cusip>904311107</cusip>
        <identifiers>
          <isin value="US9043111072"/>
          <ticker value="UAA"/>
        </identifiers>
        <balance>11326845.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>66941653.95000000</valUSD>
        <pctVal>0.072773001309</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="43854564.00000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Northwest Bancshares Inc</name>
        <lei>N/A</lei>
        <title>Northwest Bancshares Inc COM</title>
        <cusip>667340103</cusip>
        <identifiers>
          <isin value="US6673401039"/>
          <ticker value="NWBI"/>
        </identifiers>
        <balance>8769023.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>111278901.87000000</valUSD>
        <pctVal>0.120972506557</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>Four Corners Property Trust Inc.</name>
        <lei>549300SVTPZPBDVNER42</lei>
        <title>Four Corners Property Trust Inc. COM</title>
        <cusip>35086T109</cusip>
        <identifiers>
          <isin value="US35086T1097"/>
          <ticker value="FCPT"/>
        </identifiers>
        <balance>6588710.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>155822991.50000000</valUSD>
        <pctVal>0.169396871683</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>Diodes Incorporated</name>
        <lei>549300XP2X1ARVH3BX23</lei>
        <title>Diodes Incorporated COM</title>
        <cusip>254543101</cusip>
        <identifiers>
          <isin value="US2545431015"/>
          <ticker value="DIOD"/>
        </identifiers>
        <balance>2754365.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>188012954.90000000</valUSD>
        <pctVal>0.204390931590</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="8320894.00000000"/>
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      <invstOrSec>
        <name>Allegiant Travel Company</name>
        <lei>549300JM9OZXOHWL2K18</lei>
        <title>Allegiant Travel Company COM</title>
        <cusip>01748X102</cusip>
        <identifiers>
          <isin value="US01748X1028"/>
          <ticker value="ALGT"/>
        </identifiers>
        <balance>806986.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>65398145.44000000</valUSD>
        <pctVal>0.071095036392</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>Match Group Inc</name>
        <lei>15OMOPB0A8K0EFUVD031</lei>
        <title>Match Group Inc COM</title>
        <cusip>57667L107</cusip>
        <identifiers>
          <isin value="US57667L1070"/>
          <ticker value="MTCH"/>
        </identifiers>
        <balance>14178432.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>435419646.72000000</valUSD>
        <pctVal>0.473349441656</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>JPMORGAN CHASE BANK, NATIONAL ASSOCIATION</name>
        <lei>7H6GLXDRUGQFU57RNE97</lei>
        <title>CFD ONESPAWORLD HOLDINGS LTD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="JABJY21L2"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>3169229.53000000</valUSD>
        <pctVal>0.003445303949</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>JPMORGAN CHASE BANK, NATIONAL ASSOCIATION</counterpartyName>
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            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>OneSpaWorld Holdings Ltd.</issuerName>
                <issueTitle>OneSpaWorld Holdings Ltd. COM USD0.0001</issueTitle>
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                  <cusip value="000000000"/>
                  <isin value="BSP736841136"/>
                  <ticker value="OSW"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <otherRecDesc fixedOrFloating="Other">Performance Leg</otherRecDesc>
            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="OVERNIGHT BANK FUNDING RATE" floatingRtSpread="0.40000000" pmntAmt="-25764742.83000000">
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Koppers Holdings Inc</name>
        <lei>N/A</lei>
        <title>Koppers Holdings Inc COM</title>
        <cusip>50060P106</cusip>
        <identifiers>
          <isin value="US50060P1066"/>
          <ticker value="KOP"/>
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        <balance>1186296.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>45885929.28000000</valUSD>
        <pctVal>0.049883093627</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>
      <invstOrSec>
        <name>World Kinect Corporation</name>
        <lei>D3W7PCXCBRQLL17DZ313</lei>
        <title>World Kinect Corporation COM</title>
        <cusip>981475106</cusip>
        <identifiers>
          <isin value="US9814751064"/>
          <ticker value="WKC"/>
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        <balance>3333112.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>76894893.84000000</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>Shutterstock Inc</name>
        <lei>529900G2TDIS56V0LO22</lei>
        <title>Shutterstock Inc COM</title>
        <cusip>825690100</cusip>
        <identifiers>
          <isin value="US8256901005"/>
          <ticker value="SSTK"/>
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        <balance>1448720.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>24063239.20000000</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>
      <invstOrSec>
        <name>ARCUS BIOSCIENCES INC</name>
        <lei>N/A</lei>
        <title>Arcus Biosciences Inc. COM</title>
        <cusip>03969F109</cusip>
        <identifiers>
          <isin value="US03969F1093"/>
          <ticker value="RCUS"/>
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        <balance>5087817.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>109896847.20000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>Central Garden &amp; Pet Company</name>
        <lei>5493004DVZLD37DJ0H83</lei>
        <title>Central Garden &amp; Pet Company COM</title>
        <cusip>153527106</cusip>
        <identifiers>
          <isin value="US1535271068"/>
          <ticker value="CENT"/>
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        <balance>509029.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>18716996.33000000</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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          <loanByFundCondition isLoanByFund="Y" loanVal="1548017.00000000"/>
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      <invstOrSec>
        <name>CSW Industrials Inc.</name>
        <lei>549300SYOEO3RVQ7FB83</lei>
        <title>CSW Industrials Inc. COM</title>
        <cusip>126402106</cusip>
        <identifiers>
          <isin value="US1264021064"/>
          <ticker value="CSW"/>
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        <balance>989037.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>257723261.46000000</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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          <loanByFundCondition isLoanByFund="Y" loanVal="49031253.96000000"/>
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      <invstOrSec>
        <name>StepStone Group Inc</name>
        <lei>N/A</lei>
        <title>StepStone Group Inc COM CL A</title>
        <cusip>85914M107</cusip>
        <identifiers>
          <isin value="US85914M1071"/>
          <ticker value="STEP"/>
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        <balance>4414589.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>210664187.08000000</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>Stepan Co</name>
        <lei>IZU1EW9GB3WC7CYCSR17</lei>
        <title>Stepan Co COM</title>
        <cusip>858586100</cusip>
        <identifiers>
          <isin value="US8585861003"/>
          <ticker value="SCL"/>
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        <balance>1288900.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>64419222.00000000</valUSD>
        <pctVal>0.070030838055</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>
      <invstOrSec>
        <name>Kemper Corporation</name>
        <lei>549300FNI1JKTRY2PV09</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>MERRILL LYNCH INTERNATIONAL</name>
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        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>MERRILL LYNCH INTERNATIONAL</counterpartyName>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Nexpoint Residential Trust Inc</name>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>BNP PARIBAS</name>
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        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
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              <counterpartyName>BNP PARIBAS</counterpartyName>
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            <descRefInstrmnt>
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                <issuerName>Extreme Networks Inc.</issuerName>
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            <unrealizedAppr>88125.38000000</unrealizedAppr>
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      <invstOrSec>
        <name>Impinj Inc</name>
        <lei>549300M26VGKSMMWWN17</lei>
        <title>Impinj Inc COM</title>
        <cusip>453204109</cusip>
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          <isin value="US4532041096"/>
          <ticker value="PI"/>
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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>
        <securityLending>
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      <invstOrSec>
        <name>Ultra Clean Holdings Inc</name>
        <lei>5493007L6LS7QX18PE75</lei>
        <title>Ultra Clean Holdings Inc COM</title>
        <cusip>90385V107</cusip>
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          <isin value="US90385V1070"/>
          <ticker value="UCTT"/>
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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>
        <securityLending>
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      <invstOrSec>
        <name>Moelis &amp; Co.</name>
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        <title>Moelis &amp; Co. CL A</title>
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          <isin value="US60786M1053"/>
          <ticker value="MC"/>
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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>
        <securityLending>
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      <invstOrSec>
        <name>JPMORGAN CHASE BANK, NATIONAL ASSOCIATION</name>
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        <cusip>000000000</cusip>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
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                <issuerName>The Western Union Company</issuerName>
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            <swapFlag>Y</swapFlag>
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      <invstOrSec>
        <name>Central Garden &amp; Pet Company</name>
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        <title>Central Garden &amp; Pet Company CL A NON-VTG</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Boot Barn Holdings Inc</name>
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        <title>Boot Barn Holdings Inc COM</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ManpowerGroup Inc.</name>
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        <title>ManpowerGroup Inc. COM</title>
        <cusip>56418H100</cusip>
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          <ticker value="MAN"/>
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        <name>Progyny Inc</name>
        <lei>N/A</lei>
        <title>Progyny Inc COM</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>Innovex International Inc.</name>
        <lei>5299007REICYIJNMW197</lei>
        <title>Innovex International Inc. COM</title>
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          <ticker value="INVX"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Xencor Inc</name>
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        <title>Xencor Inc COM</title>
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      <invstOrSec>
        <name>Phinia Inc.</name>
        <lei>254900HG6MORZE1FFM18</lei>
        <title>Phinia Inc. COMMON STOCK</title>
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        <name>Enpro Inc</name>
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        <title>Enpro Inc COM</title>
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          <ticker value="NPO"/>
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        <name>Minerals Technologies Inc.</name>
        <lei>549300D3I1QU67GP6403</lei>
        <title>Minerals Technologies Inc. COM</title>
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          <ticker value="MTX"/>
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        <name>NCR Atleos Corp.</name>
        <lei>9845005FC3S0VA714741</lei>
        <title>NCR Atleos Corp. COM SHS</title>
        <cusip>63001N106</cusip>
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          <ticker value="NATL"/>
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      <invstOrSec>
        <name>SM Energy Co.</name>
        <lei>84BUTVXV5ODI6BXNMH43</lei>
        <title>SM Energy Co. COM</title>
        <cusip>78454L100</cusip>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Liberty Energy Inc</name>
        <lei>254900PKFJW6RILDCM60</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Amentum Holdings, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>H B Fuller Company</name>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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        <name>GOLDMAN SACHS BANK USA</name>
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        <fairValLevel>2</fairValLevel>
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                <issuerName>The Western Union Company</issuerName>
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        <name>Veracyte Inc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>JPMORGAN CHASE BANK, NATIONAL ASSOCIATION</name>
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      <invstOrSec>
        <name>Safety Insurance Group Inc.</name>
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        <title>Safety Insurance Group Inc. COM</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>Red Rock Resorts Inc</name>
        <lei>N/A</lei>
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          <ticker value="RRR"/>
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        <fairValLevel>1</fairValLevel>
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        <name>WALKER &amp; DUNLOP INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Virtus Investment Partners Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Under Armour, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>WaFd Inc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>HUB Group Inc</name>
        <lei>N/A</lei>
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        <name>BNP PARIBAS</name>
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        <name>Urban Edge Properties</name>
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        <name>Energizer Holdings Inc</name>
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        <title>Energizer Holdings Inc COM</title>
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        <name>Cohu Inc</name>
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        <title>Cohu Inc COM</title>
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        <name>DXP ENTERPRISES INC</name>
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        <title>DXP Enterprises Inc. COM NEW</title>
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        <name>Sealed Air Corp.</name>
        <lei>Q0M0CZB4YN6JZ65WXI09</lei>
        <title>Sealed Air Corp. COM</title>
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          <ticker value="SEE"/>
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      <invstOrSec>
        <name>MERRILL LYNCH INTERNATIONAL</name>
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        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
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              <counterpartyName>MERRILL LYNCH INTERNATIONAL</counterpartyName>
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              <otherRefInst>
                <issuerName>Payoneer Global Inc.</issuerName>
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            <swapFlag>Y</swapFlag>
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      <invstOrSec>
        <name>Itron, Inc.</name>
        <lei>24F6LSZD18II6ICG6S41</lei>
        <title>Itron, Inc. COM</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Arlo Technologies Inc</name>
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        <title>Arlo Technologies Inc COM</title>
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          <ticker value="ARLO"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>O-I Glass Inc</name>
        <lei>N/A</lei>
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          <isin value="US67098H1041"/>
          <ticker value="OI"/>
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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>
        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>JBG SMITH PROPERTIES LP</name>
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        <title>JBG SMITH Properties COM</title>
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          <isin value="US46590V1008"/>
          <ticker value="JBGS"/>
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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>
        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Strategic Education Inc</name>
        <lei>2549002UYIM8Q5EC8H36</lei>
        <title>Strategic Education Inc COM</title>
        <cusip>86272C103</cusip>
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          <isin value="US86272C1036"/>
          <ticker value="STRA"/>
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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>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Knowles Corporation</name>
        <lei>5493003EO323TDZQU148</lei>
        <title>Knowles Corporation COM</title>
        <cusip>49926D109</cusip>
        <identifiers>
          <isin value="US49926D1090"/>
          <ticker value="KN"/>
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        <balance>5096996.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
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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>
          <loanByFundCondition isLoanByFund="Y" loanVal="133536.00000000"/>
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      <invstOrSec>
        <name>La-Z-Boy Inc</name>
        <lei>549300WNO1WMN9ZG2519</lei>
        <title>La-Z-Boy Inc COM</title>
        <cusip>505336107</cusip>
        <identifiers>
          <isin value="US5053361078"/>
          <ticker value="LZB"/>
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        <balance>2474848.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
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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 COM</title>
        <cusip>006739106</cusip>
        <identifiers>
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          <ticker value="ADUS"/>
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        <units>NS</units>
        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Edgewell Personal Care Co</name>
        <lei>549300CY8QZDL4Z3RU59</lei>
        <title>Edgewell Personal Care Co COM</title>
        <cusip>28035Q102</cusip>
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          <ticker value="EPC"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Ralliant Corp.</name>
        <lei>52990024QKO4DYT8N464</lei>
        <title>Ralliant Corp. COM</title>
        <cusip>750940108</cusip>
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          <ticker value="RAL"/>
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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>
        <securityLending>
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      <invstOrSec>
        <name>Academy Sports and Outdoors Inc</name>
        <lei>529900HST589BD301M91</lei>
        <title>Academy Sports and Outdoors Inc COM</title>
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          <ticker value="ASO"/>
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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>RXO Inc.</name>
        <lei>549300KL8CA6GP8XPM30</lei>
        <title>RXO Inc. COMMON STOCK</title>
        <cusip>74982T103</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>Rex American Resources Corp</name>
        <lei>N/A</lei>
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        <cusip>761624105</cusip>
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          <ticker value="REX"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
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        <name>Corsair Gaming Inc</name>
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        <title>Corsair Gaming Inc COM</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Rithm Capital Corp.</name>
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      <invstOrSec>
        <name>Tandem Diabetes Care Inc</name>
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        <title>Tandem Diabetes Care Inc COM NEW</title>
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        <name>ACI Worldwide Inc</name>
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        <title>ACI Worldwide Inc COM</title>
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        <name>SELECT MEDICAL HOLDINGS CORP</name>
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        <title>Select Medical Holdings Corporation COM</title>
        <cusip>81619Q105</cusip>
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          <ticker value="SEM"/>
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      <invstOrSec>
        <name>American States Water Co.</name>
        <lei>529900L26LIS2V8PWM23</lei>
        <title>American States Water Co. COM</title>
        <cusip>029899101</cusip>
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          <ticker value="AWR"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Upbound Group Inc</name>
        <lei>529900QUHE15UQNCCJ63</lei>
        <title>Upbound Group Inc COM</title>
        <cusip>76009N100</cusip>
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          <ticker value="UPBD"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Cinemark Holdings Inc.</name>
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        <title>Cinemark Holdings Inc. COM</title>
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          <ticker value="CNK"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Century Communities Inc</name>
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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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      <invstOrSec>
        <name>OneSpaWorld Holdings Ltd.</name>
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          <isin value="BSP736841136"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BS</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>ScanSource Inc.</name>
        <lei>7FHBAN017QDY4K2KP156</lei>
        <title>ScanSource Inc. COM</title>
        <cusip>806037107</cusip>
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          <isin value="US8060371072"/>
          <ticker value="SCSC"/>
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        <balance>1185283.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Hilltop Holdings Inc</name>
        <lei>54930010TA543US0PM65</lei>
        <title>Hilltop Holdings Inc COM</title>
        <cusip>432748101</cusip>
        <identifiers>
          <isin value="US4327481010"/>
          <ticker value="HTH"/>
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        <balance>2500810.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>89579014.20000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Douglas Emmett Inc</name>
        <lei>N/A</lei>
        <title>Douglas Emmett Inc COM</title>
        <cusip>25960P109</cusip>
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          <isin value="US25960P1093"/>
          <ticker value="DEI"/>
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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>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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        <name>OMNIAB INC</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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        <name>BNP PARIBAS</name>
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        <title>CFD BANCORP INC/THE</title>
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        <curCd>USD</curCd>
        <valUSD>-3585.19000000</valUSD>
        <pctVal>-0.00000389749</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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                <issuerName>Bancorp Inc</issuerName>
                <issueTitle>Bancorp Inc COM</issueTitle>
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                  <ticker value="TBBK"/>
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            <swapFlag>Y</swapFlag>
            <otherRecDesc fixedOrFloating="Other">Performance Leg</otherRecDesc>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Clearway Energy Inc</name>
        <lei>549300LHAZ9HA9G3XC48</lei>
        <title>Clearway Energy Inc CL A</title>
        <cusip>18539C105</cusip>
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          <ticker value="CWEN/A"/>
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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>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Victorias Secret and Co</name>
        <lei>5493006T3O70U3UWVF17</lei>
        <title>Victorias Secret and Co COMMON STOCK</title>
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          <ticker value="VSCO"/>
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        <curCd>USD</curCd>
        <valUSD>223454180.08000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>JPMORGAN CHASE BANK, NATIONAL ASSOCIATION</name>
        <lei>7H6GLXDRUGQFU57RNE97</lei>
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        <units>NC</units>
        <curCd>USD</curCd>
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        <assetCat>DE</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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                  <ticker value="PFBC"/>
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      <invstOrSec>
        <name>RPC Inc</name>
        <lei>549300ZDXAFBC3SB4918</lei>
        <title>RPC Inc COM</title>
        <cusip>749660106</cusip>
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          <isin value="US7496601060"/>
          <ticker value="RES"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Acm Research Inc</name>
        <lei>549300MCTENUWL2GJL61</lei>
        <title>Acm Research Inc COM CL A</title>
        <cusip>00108J109</cusip>
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          <ticker value="ACMR"/>
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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>
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      <invstOrSec>
        <name>Caesars Entertainment Inc.</name>
        <lei>549300FA4CTCW903Y781</lei>
        <title>Caesars Entertainment Inc. COM</title>
        <cusip>12769G100</cusip>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Embecta Corp.</name>
        <lei>549300RPG8GXVDHNXZ62</lei>
        <title>Embecta Corp. COMMON STOCK</title>
        <cusip>29082K105</cusip>
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          <ticker value="EMBC"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Vishay Intertechnology, Inc.</name>
        <lei>5493009O8F3QQJTCQR75</lei>
        <title>Vishay Intertechnology, Inc. COM</title>
        <cusip>928298108</cusip>
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          <ticker value="VSH"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>JPMORGAN CHASE BANK, NATIONAL ASSOCIATION</name>
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        <title>CFD LUMEN TECHNOLOGIES INC</title>
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      <invstOrSec>
        <name>COGENT COMMUNICATIONS HOLDINGS INC</name>
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        <title>Cogent Communications Holdings, Inc. COM NEW</title>
        <cusip>19239V302</cusip>
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          <ticker value="CCOI"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>Trinity Industries, Inc.</name>
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          <isin value="US8965221091"/>
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        <curCd>USD</curCd>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CSG Systems International Inc.</name>
        <lei>549300D7FJZUOHHXUA81</lei>
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          <isin value="US1263491094"/>
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        <payoffProfile>Long</payoffProfile>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>QUAKER CHEMICAL CORP</name>
        <lei>549300PJQ1R3WCWCPS54</lei>
        <title>Quaker Houghton COM</title>
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          <isin value="US7473161070"/>
          <ticker value="KWR"/>
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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>Pursuit Attractions and Hospitality Inc</name>
        <lei>549300PXU4ZW7LPO5Y40</lei>
        <title>Pursuit Attractions and Hospitality Inc COM</title>
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          <ticker value="PRSU"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>National Bank Holdings Corp</name>
        <lei>N/A</lei>
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          <isin value="US6337071046"/>
          <ticker value="NBHC"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>OUTFRONT Media Inc</name>
        <lei>549300RZWDYU5722I639</lei>
        <title>OUTFRONT Media Inc COM NEW</title>
        <cusip>69007J304</cusip>
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          <isin value="US69007J3041"/>
          <ticker value="OUT"/>
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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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      <invstOrSec>
        <name>Standex International Corp</name>
        <lei>RCX52GR0JW2LRRMH9Z54</lei>
        <title>Standex International Corp COM</title>
        <cusip>854231107</cusip>
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          <isin value="US8542311076"/>
          <ticker value="SXI"/>
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        <balance>727605.00000000</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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      <invstOrSec>
        <name>Balchem Corp</name>
        <lei>549300VR70OPMHUI3557</lei>
        <title>Balchem Corp COM</title>
        <cusip>057665200</cusip>
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          <isin value="US0576652004"/>
          <ticker value="BCPC"/>
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        <balance>1944931.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>329626905.88000000</valUSD>
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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>MAGNOLIA OIL &amp; GAS CORP</name>
        <lei>N/A</lei>
        <title>Magnolia Oil &amp; Gas Corporation CL A</title>
        <cusip>559663109</cusip>
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          <isin value="US5596631094"/>
          <ticker value="MGY"/>
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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>MYR Grp Inc</name>
        <lei>529900G1IMMZHOQ17I54</lei>
        <title>MYR Grp Inc COM</title>
        <cusip>55405W104</cusip>
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          <isin value="US55405W1045"/>
          <ticker value="MYRG"/>
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        <balance>932159.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>263167128.88000000</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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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Axcelis Technologies Inc.</name>
        <lei>529900HF9B6NL1QG9F05</lei>
        <title>Axcelis Technologies Inc. COM NEW</title>
        <cusip>054540208</cusip>
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          <isin value="US0545402085"/>
          <ticker value="ACLS"/>
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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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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Upwork Inc</name>
        <lei>5493004QJ6WWBXVE2S70</lei>
        <title>Upwork Inc COM</title>
        <cusip>91688F104</cusip>
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          <isin value="US91688F1049"/>
          <ticker value="UPWK"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>NATIONAL PRESTO INDUSTRIES INC</name>
        <lei>N/A</lei>
        <title>National Presto Industries Inc. COM</title>
        <cusip>637215104</cusip>
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          <isin value="US6372151042"/>
          <ticker value="NPK"/>
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        <curCd>USD</curCd>
        <valUSD>43517235.30000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Wiley John &amp; Sons Inc.</name>
        <lei>5493003XM719UN7E8P64</lei>
        <title>Wiley John &amp; Sons Inc. CL A</title>
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          <ticker value="WLY"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>National Beverage Corp.</name>
        <lei>549300O9MZIQJI8TGV17</lei>
        <title>National Beverage Corp. COM</title>
        <cusip>635017106</cusip>
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          <isin value="US6350171061"/>
          <ticker value="FIZZ"/>
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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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      <invstOrSec>
        <name>Kinetik Holdings Inc</name>
        <lei>N/A</lei>
        <title>Kinetik Holdings Inc COM NEW CL A</title>
        <cusip>02215L209</cusip>
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          <isin value="US02215L2097"/>
          <ticker value="KNTK"/>
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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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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Covista Inc.</name>
        <lei>549300Z467EZLMODV621</lei>
        <title>Covista Inc. COM</title>
        <cusip>00737L103</cusip>
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          <ticker value="CVSA"/>
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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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      <invstOrSec>
        <name>Progress Software Corp.</name>
        <lei>549300R65B3JG6972S24</lei>
        <title>Progress Software Corp. COM</title>
        <cusip>743312100</cusip>
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          <ticker value="PRGS"/>
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        <name>HNI Corp</name>
        <lei>549300SKRADLC4O5HV93</lei>
        <title>HNI Corp COM</title>
        <cusip>404251100</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>Werner Enterprises Inc.</name>
        <lei>549300P6XRGOCHHJST37</lei>
        <title>Werner Enterprises Inc. COM</title>
        <cusip>950755108</cusip>
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          <ticker value="WERN"/>
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        <fairValLevel>1</fairValLevel>
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        <name>MERRILL LYNCH INTERNATIONAL</name>
        <lei>GGDZP1UYGU9STUHRDP48</lei>
        <title>CFD BANKUNITED INC</title>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Corecivic Inc</name>
        <lei>529900JFA3K6PTLT8B15</lei>
        <title>Corecivic Inc COM</title>
        <cusip>21871N101</cusip>
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          <ticker value="CXW"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Primoris Services Corp.</name>
        <lei>549300UF3OLBJ8D5K349</lei>
        <title>Primoris Services Corp. COM</title>
        <cusip>74164F103</cusip>
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          <isin value="US74164F1030"/>
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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>
        <securityLending>
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      <invstOrSec>
        <name>Central Pacific Financial Corp.</name>
        <lei>549300W3YEAOZ4KGG849</lei>
        <title>Central Pacific Financial Corp. COM NEW</title>
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          <ticker value="CPF"/>
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        <balance>1553699.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>MIDDLESEX WATER CO</name>
        <lei>N/A</lei>
        <title>Middlesex Water Co. COM</title>
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          <isin value="US5966801087"/>
          <ticker value="MSEX"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SERVISFIRST BANCSHARES INC</name>
        <lei>N/A</lei>
        <title>ServisFirst Bancshares Inc. COM</title>
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          <ticker value="SFBS"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>JPMORGAN CHASE BANK, NATIONAL ASSOCIATION</name>
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          <other otherDesc="INTERNAL" value="JABJH08C3"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>645420.21000000</valUSD>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>JPMORGAN CHASE BANK, NATIONAL ASSOCIATION</counterpartyName>
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                <issuerName>Par Pacific Holdings, Inc.</issuerName>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>PC Connection Inc.</name>
        <lei>5299005WPRNIXDV2KM73</lei>
        <title>PC Connection Inc. COM</title>
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          <isin value="US69318J1007"/>
          <ticker value="CNXN"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>JPMORGAN CHASE BANK, NATIONAL ASSOCIATION</name>
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        <units>NC</units>
        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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              <counterpartyName>JPMORGAN CHASE BANK, NATIONAL ASSOCIATION</counterpartyName>
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              <otherRefInst>
                <issuerName>Radnet Inc</issuerName>
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                  <ticker value="RDNT"/>
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            <swapFlag>Y</swapFlag>
            <otherRecDesc fixedOrFloating="Other">Performance Leg</otherRecDesc>
            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="OVERNIGHT BANK FUNDING RATE" floatingRtSpread="0.40000000" pmntAmt="-19587576.48000000">
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      <invstOrSec>
        <name>Sanmina Corp</name>
        <lei>X5K24XLM8QYRXF00EB42</lei>
        <title>Sanmina Corp COM</title>
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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>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="43081316.60000000"/>
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      <invstOrSec>
        <name>Hertz Global Holdings Inc.</name>
        <lei>549300NBK3K85MH1EX16</lei>
        <title>Hertz Global Holdings Inc. COM NEW</title>
        <cusip>42806J700</cusip>
        <identifiers>
          <isin value="US42806J7000"/>
          <ticker value="HTZ"/>
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        <curCd>USD</curCd>
        <valUSD>34462303.94000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Redwood Trust Inc</name>
        <lei>DRBV4N1ERQLEMIF11G78</lei>
        <title>Redwood Trust Inc COM</title>
        <cusip>758075402</cusip>
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          <isin value="US7580754023"/>
          <ticker value="RWT"/>
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        <curCd>USD</curCd>
        <valUSD>41878262.91000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FIRST BANCORP (PUERTO RICO)</name>
        <lei>N/A</lei>
        <title>First Bancorp Puerto Rico COM USD1</title>
        <cusip>318672706</cusip>
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          <isin value="PR3186727065"/>
          <ticker value="FBP"/>
          <other otherDesc="SEDOL" value="2296926"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>PR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>FORWARD AIR CORP</name>
        <lei>N/A</lei>
        <title>Forward Air Corp. COM</title>
        <cusip>34986A104</cusip>
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          <ticker value="FWRD"/>
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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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      <invstOrSec>
        <name>Kennametal Inc</name>
        <lei>549300GZDSG25XUV0Y08</lei>
        <title>Kennametal Inc COM</title>
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          <ticker value="KMT"/>
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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>Sunstone Hotel Investors Inc.</name>
        <lei>529900ZQ2V52V96ATF67</lei>
        <title>Sunstone Hotel Investors Inc. COM</title>
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        <name>Merchants Bancorp. (Indiana)</name>
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        <title>Merchants Bancorp. (Indiana) COM</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Group 1 Automotive, Inc.</name>
        <lei>549300US8QAZJLWYAF63</lei>
        <title>Group 1 Automotive, Inc. COM</title>
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        <name>GOLDMAN SACHS BANK USA</name>
        <lei>KD3XUN7C6T14HNAYLU02</lei>
        <title>CFD SIRIUSPOINT LTD</title>
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                <issuerName>SiriusPoint Ltd</issuerName>
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      <invstOrSec>
        <name>Tri Pointe Homes Inc</name>
        <lei>N/A</lei>
        <title>Tri Pointe Homes Inc COM</title>
        <cusip>87265H109</cusip>
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          <ticker value="TPH"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Bancorp Inc</name>
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        <name>MasterBrand Inc</name>
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        <name>Griffon Corp</name>
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        <name>Federal Signal Corp.</name>
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        <name>Safehold Inc.</name>
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        <name>Hanmi Financial Corp.</name>
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        <name>Fulton Financial Corporation</name>
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        <name>Armstrong World Industries, Inc.</name>
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        <name>Vital Farms Inc.</name>
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        <name>CHAMPION HOMES INC</name>
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        <name>Laureate Education, Inc.</name>
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        <name>The Vita Coco Company Inc</name>
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        <name>Eplus Inc</name>
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        <name>DORIAN LPG LTD</name>
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        <name>Oceaneering International, Inc.</name>
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        <name>Shenandoah Telecommunications Co.</name>
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        <name>Madden(Steven)Ltd.</name>
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        <name>Brinker International, Inc.</name>
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        <name>GOLDMAN SACHS BANK USA</name>
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        <fairValLevel>2</fairValLevel>
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                <issuerName>Radian Group Inc.</issuerName>
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        <name>StoneX Group Inc</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Cathay General Bancorp</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>GOLDMAN SACHS BANK USA</name>
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        <fairValLevel>2</fairValLevel>
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                <issuerName>Warrior Met Coal Inc</issuerName>
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      <invstOrSec>
        <name>BNP PARIBAS</name>
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        <derivativeInfo>
          <swapDeriv derivCat="SWP">
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            <descRefInstrmnt>
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                <issuerName>United Community Banks Inc.(South Carolina)</issuerName>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Mueller Water Products, Inc.</name>
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        <title>Mueller Water Products, Inc. COM SER A</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>JetBlue Airways Corporation</name>
        <lei>54930070J9H97ZO93T57</lei>
        <title>JetBlue Airways Corporation COM</title>
        <cusip>477143101</cusip>
        <identifiers>
          <isin value="US4771431016"/>
          <ticker value="JBLU"/>
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        <balance>17762581.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Organon &amp; Co</name>
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        <title>Organon &amp; Co COMMON STOCK</title>
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        <securityLending>
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      <invstOrSec>
        <name>Par Pacific Holdings, Inc.</name>
        <lei>549300BTNS7MHSHRLR55</lei>
        <title>Par Pacific Holdings, Inc. COM NEW</title>
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        <name>Sarepta Therapeutics Inc</name>
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        <title>Sarepta Therapeutics Inc COM</title>
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        <name>MERRILL LYNCH INTERNATIONAL</name>
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        <title>CFD FULTON FINANCIAL CORP</title>
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        <name>Vericel Corporation</name>
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        <title>Vericel Corporation COM</title>
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        <name>BNP PARIBAS</name>
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        <name>Sanfilippo(John B)</name>
        <lei>5299007IBEYVXKYDUX28</lei>
        <title>Sanfilippo(John B) COM</title>
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      <invstOrSec>
        <name>Cohen And Steers Inc.</name>
        <lei>549300XXIA338A0X2K65</lei>
        <title>Cohen And Steers Inc. COM</title>
        <cusip>19247A100</cusip>
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        <name>EZCORP Inc.</name>
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        <name>VSE Corp.</name>
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        <name>Kennedy-Wilson Holdings Inc</name>
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        <name>EMPLOYERS HOLDINGS INC</name>
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        <name>The Macerich Company</name>
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        <name>Harmony Biosciences Holdings Inc</name>
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        <name>Etsy Inc</name>
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        <name>ETHAN ALLEN INTERIORS INC</name>
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        <name>AAR Corp.</name>
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        <name>Astec Industries Inc.</name>
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        <name>United Natural Foods, Inc.</name>
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        <name>Bread Financial Holdings Inc</name>
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        <name>Apogee Enterprises Inc.</name>
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        <title>Apogee Enterprises Inc. COM</title>
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        <name>Mohawk Industries, Inc.</name>
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        <title>Mohawk Industries, Inc. COM</title>
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        <name>Axos Financial Inc</name>
        <lei>529900D8M56422GK9O25</lei>
        <title>Axos Financial Inc COM</title>
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          <ticker value="AX"/>
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        <name>Omnicell Inc</name>
        <lei>5493008RH0GTKHHPZI77</lei>
        <title>Omnicell Inc COM</title>
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        <name>Enova International Inc.</name>
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        <name>Sl Green Realty Corp</name>
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        <name>Zurn Elkay Water Solutions Corporation</name>
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        <name>Acadia Pharmaceuticals Inc</name>
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        <name>WD-40 Co.</name>
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        <name>Kontoor Brands Inc</name>
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        <name>JPMORGAN CHASE BANK, NATIONAL ASSOCIATION</name>
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        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>JPMORGAN CHASE BANK, NATIONAL ASSOCIATION</counterpartyName>
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            <swapFlag>Y</swapFlag>
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            <upfrontRcpt>0.00000000</upfrontRcpt>
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            <curCd>USD</curCd>
            <unrealizedAppr>5086.76000000</unrealizedAppr>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>Alkermes PLC</name>
        <lei>N/A</lei>
        <title>Alkermes PLC COM USD0.01</title>
        <cusip>000000000</cusip>
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          <isin value="IE00B56GVS15"/>
          <ticker value="ALKS"/>
          <other otherDesc="SEDOL" value="B3P6D26"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>Tennant Co</name>
        <lei>JYAIRLT8DVP6DP8UT336</lei>
        <title>Tennant Co COM</title>
        <cusip>880345103</cusip>
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          <isin value="US8803451033"/>
          <ticker value="TNC"/>
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        <balance>1087304.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>72196985.60000000</valUSD>
        <pctVal>0.078486129600</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>Preferred Bank</name>
        <lei>5493007K6HGI9G0ECX16</lei>
        <title>Preferred Bank COM NEW</title>
        <cusip>740367404</cusip>
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          <isin value="US7403674044"/>
          <ticker value="PFBC"/>
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        <balance>546812.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>49590380.28000000</valUSD>
        <pctVal>0.053910242667</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>
      <invstOrSec>
        <name>GOLDMAN SACHS BANK USA</name>
        <lei>KD3XUN7C6T14HNAYLU02</lei>
        <title>CFD HANMI FINANCIAL CORP</title>
        <cusip>000000000</cusip>
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          <other otherDesc="INTERNAL" value="GAB6TPXR5"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>8397.16000000</valUSD>
        <pctVal>0.000009128644</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>GOLDMAN SACHS BANK USA</counterpartyName>
              <counterpartyLei>KD3XUN7C6T14HNAYLU02</counterpartyLei>
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            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Hanmi Financial Corp.</issuerName>
                <issueTitle>Hanmi Financial Corp. COM NEW</issueTitle>
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                  <cusip value="410495204"/>
                  <isin value="US4104952043"/>
                  <ticker value="HAFC"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <otherRecDesc fixedOrFloating="Other">Performance Leg</otherRecDesc>
            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="1 DAY OVERNIGHT FEDS FUNDS EFFECTIVE RATE" floatingRtSpread="0.40000000" pmntAmt="-210787.77640000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Month" rateTenorUnit="1" resetDt="Day" resetDtUnit="1"/>
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            <terminationDt>2026-08-18</terminationDt>
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            <upfrontRcpt>0.00000000</upfrontRcpt>
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            <notionalAmt>-210787.77640000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>8397.16000000</unrealizedAppr>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>JPMORGAN CHASE BANK, NATIONAL ASSOCIATION</name>
        <lei>7H6GLXDRUGQFU57RNE97</lei>
        <title>CFD DOUGLAS EMMETT INC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="JAB1G3M58"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-68820.33000000</valUSD>
        <pctVal>-0.00007481533</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>JPMORGAN CHASE BANK, NATIONAL ASSOCIATION</counterpartyName>
              <counterpartyLei>7H6GLXDRUGQFU57RNE97</counterpartyLei>
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            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Douglas Emmett Inc</issuerName>
                <issueTitle>Douglas Emmett Inc COM</issueTitle>
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                  <cusip value="25960P109"/>
                  <isin value="US25960P1093"/>
                  <ticker value="DEI"/>
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            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <otherRecDesc fixedOrFloating="Other">Performance Leg</otherRecDesc>
            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="OVERNIGHT BANK FUNDING RATE" floatingRtSpread="0.40000000" pmntAmt="-1378384.81000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Month" rateTenorUnit="1" resetDt="Day" resetDtUnit="1"/>
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            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.00000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>-1378384.81000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-68820.33000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Verra Mobility Corporation</name>
        <lei>549300XX5EKGLR0M4152</lei>
        <title>Verra Mobility Corporation CL A COM STK</title>
        <cusip>92511U102</cusip>
        <identifiers>
          <isin value="US92511U1025"/>
          <ticker value="VRRM"/>
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        <balance>9578593.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>136878093.97000000</valUSD>
        <pctVal>0.148801667181</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="58589.00000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>BankUnited Inc.</name>
        <lei>96OVUWEW5D4YX6PFXD91</lei>
        <title>BankUnited Inc. COM</title>
        <cusip>06652K103</cusip>
        <identifiers>
          <isin value="US06652K1034"/>
          <ticker value="BKU"/>
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        <balance>4368801.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>197295053.16000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>DoubleVerify Holdings Inc</name>
        <lei>N/A</lei>
        <title>DoubleVerify Holdings Inc COM</title>
        <cusip>25862V105</cusip>
        <identifiers>
          <isin value="US25862V1052"/>
          <ticker value="DV"/>
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        <balance>8022638.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>76215061.00000000</valUSD>
        <pctVal>0.082854223142</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="590900.00000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Apple Hospitality Reit Inc</name>
        <lei>549300EVZAR0FBZO4F16</lei>
        <title>Apple Hospitality Reit Inc COM NEW</title>
        <cusip>03784Y200</cusip>
        <identifiers>
          <isin value="US03784Y2000"/>
          <ticker value="APLE"/>
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        <balance>13208753.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>152032747.03000000</valUSD>
        <pctVal>0.165276455626</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>
      <invstOrSec>
        <name>LCI Industries</name>
        <lei>549300E1B98YNJ1WIQ04</lei>
        <title>LCI Industries COM</title>
        <cusip>50189K103</cusip>
        <identifiers>
          <isin value="US50189K1034"/>
          <ticker value="LCII"/>
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        <balance>1452785.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>178663499.30000000</valUSD>
        <pctVal>0.194227036549</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Evertec Inc</name>
        <lei>N/A</lei>
        <title>Evertec Inc USD0.01</title>
        <cusip>30040P103</cusip>
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          <isin value="PR30040P1032"/>
          <ticker value="EVTC"/>
          <other otherDesc="SEDOL" value="B7KY3Z6"/>
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        <balance>3840189.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>108370133.58000000</valUSD>
        <pctVal>0.117810352860</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Bristow Group Inc</name>
        <lei>5493005Q24EN3UC1PV68</lei>
        <title>Bristow Group Inc COM</title>
        <cusip>11040G103</cusip>
        <identifiers>
          <isin value="US11040G1031"/>
          <ticker value="VTOL"/>
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        <balance>1509238.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>70768169.82000000</valUSD>
        <pctVal>0.076932848399</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>Argan Inc</name>
        <lei>529900E4KZWBV9KGBS83</lei>
        <title>Argan Inc COM</title>
        <cusip>04010E109</cusip>
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          <isin value="US04010E1091"/>
          <ticker value="AGX"/>
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        <balance>833204.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>453804558.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ViaSat, Inc.</name>
        <lei>UFC8NYMNFSYIHNSM2I38</lei>
        <title>ViaSat, Inc. COM</title>
        <cusip>92552V100</cusip>
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          <isin value="US92552V1008"/>
          <ticker value="VSAT"/>
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        <balance>8157956.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Northwest Natural Holding Company</name>
        <lei>254900PSJL6ZEC8FR782</lei>
        <title>Northwest Natural Holding Company COM</title>
        <cusip>66765N105</cusip>
        <identifiers>
          <isin value="US66765N1054"/>
          <ticker value="NWN"/>
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        <balance>2491530.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>132599226.60000000</valUSD>
        <pctVal>0.144150063847</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>
      <invstOrSec>
        <name>NBT Bancorp Inc</name>
        <lei>N/A</lei>
        <title>NBT Bancorp Inc COM</title>
        <cusip>628778102</cusip>
        <identifiers>
          <isin value="US6287781024"/>
          <ticker value="NBTB"/>
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        <balance>3140298.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>133713888.84000000</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>HSBC BANK PLC</name>
        <lei>MP6I5ZYZBEU3UXPYFY54</lei>
        <title>CFD BREAD FINANCIAL HOLDINGS INC</title>
        <cusip>000000000</cusip>
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        <curCd>USD</curCd>
        <valUSD>2191271.22000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>HSBC BANK PLC</counterpartyName>
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                <issuerName>Bread Financial Holdings Inc</issuerName>
                <issueTitle>Bread Financial Holdings Inc COM</issueTitle>
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                  <isin value="US0185811082"/>
                  <ticker value="BFH"/>
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            <swapFlag>Y</swapFlag>
            <otherRecDesc fixedOrFloating="Other">Performance Leg</otherRecDesc>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <name>Schrodinger Inc.</name>
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        <name>Marriott Vacations Worldwide Corp</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>DNOW Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>M/I Homes Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Century Aluminum Company</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
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        <name>Virtu Financial Inc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Getty Realty Corp</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Cable One Inc</name>
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        <name>MERRILL LYNCH INTERNATIONAL</name>
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        <name>Ryman Hospitality Properties Inc</name>
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        <name>Resideo Technologies Inc</name>
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        <title>Resideo Technologies Inc COM</title>
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        <name>Standard Motor Products, Inc.</name>
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        <name>ANI Pharmaceuticals Inc.</name>
        <lei>5493000T6CXTND40YH31</lei>
        <title>ANI Pharmaceuticals Inc. COM</title>
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        <name>Integer Holdings Corp.</name>
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        <title>Integer Holdings Corp. COM</title>
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        <name>Encore Capital Group Inc.</name>
        <lei>5493000UVC6H49CIH830</lei>
        <title>Encore Capital Group Inc. COM</title>
        <cusip>292554102</cusip>
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          <ticker value="ECPG"/>
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        <name>Interparfums Inc</name>
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        <title>Interparfums Inc COM</title>
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          <ticker value="IPAR"/>
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        <name>Enviri Corp.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Reynolds Consumer Products Inc.</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>HERITAGE FINANCIAL CORP</name>
        <lei>N/A</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Matthews International Corp</name>
        <lei>549300ZVC5O0ATML6U61</lei>
        <title>Matthews International Corp CL A</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Hayward Holdings Inc</name>
        <lei>N/A</lei>
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        <cusip>421298100</cusip>
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          <isin value="US4212981009"/>
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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>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Xenia Hotels &amp; Resorts Inc</name>
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        <title>Xenia Hotels &amp; Resorts Inc COM</title>
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          <isin value="US9840171030"/>
          <ticker value="XHR"/>
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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>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>AMERICAN ASSETS TRUST INC</name>
        <lei>N/A</lei>
        <title>American Assets Trust Inc. COM</title>
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          <isin value="US0240131047"/>
          <ticker value="AAT"/>
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        <fairValLevel>1</fairValLevel>
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        <name>NAPCO Security Technologies Inc.</name>
        <lei>529900KV21J4YY9YST76</lei>
        <title>NAPCO Security Technologies Inc. COM</title>
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        <fairValLevel>1</fairValLevel>
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        <name>ADT Inc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>MERRILL LYNCH INTERNATIONAL</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Marinemax Inc</name>
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        <title>Marinemax Inc COM</title>
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        <name>Tidewater Inc New</name>
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        <title>Tidewater Inc New COM</title>
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          <ticker value="TDW"/>
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        <name>Whitestone REIT</name>
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        <name>Community Financial System Inc</name>
        <lei>5299008N6YHE6GCP1E80</lei>
        <title>Community Financial System Inc COM</title>
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          <ticker value="CBU"/>
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        <fairValLevel>1</fairValLevel>
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        <name>Assured Guaranty Ltd.</name>
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        <title>Assured Guaranty Ltd. COM USD0.01</title>
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        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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        <name>Innospec Inc</name>
        <lei>213800SQBACNY5IWJO68</lei>
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        <name>Unitil Corp</name>
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        <title>Unitil Corp COM</title>
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        <name>Ameris Bancorp</name>
        <lei>PBJHNT51T5V6G5UQFV42</lei>
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        <name>JPMORGAN CHASE BANK, NATIONAL ASSOCIATION</name>
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      <invstOrSec>
        <name>Digi International Inc.</name>
        <lei>529900KG656HGROI4N27</lei>
        <title>Digi International Inc. COM</title>
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      </invstOrSec>
      <invstOrSec>
        <name>SIGNET JEWELERS LTD</name>
        <lei>549300N3XPGE91WV7M22</lei>
        <title>Signet Jewelers Limited COM STK USD0.18</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG812761002"/>
          <ticker value="SIG"/>
          <other otherDesc="SEDOL" value="B3CTNK6"/>
        </identifiers>
        <balance>2449236.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>207303335.04000000</valUSD>
        <pctVal>0.225361714001</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Casella Waste Systems, Inc.</name>
        <lei>8EU0XUFVJ48U37IIDH51</lei>
        <title>Casella Waste Systems, Inc. CL A</title>
        <cusip>147448104</cusip>
        <identifiers>
          <isin value="US1474481041"/>
          <ticker value="CWST"/>
        </identifiers>
        <balance>3753703.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>297818796.02000000</valUSD>
        <pctVal>0.323762057759</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="66604660.56000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GOLDMAN SACHS BANK USA</name>
        <lei>KD3XUN7C6T14HNAYLU02</lei>
        <title>CFD DOUGLAS EMMETT INC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="GAB1G3M58"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-1905.52000000</valUSD>
        <pctVal>-0.00000207151</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>GOLDMAN SACHS BANK USA</counterpartyName>
              <counterpartyLei>KD3XUN7C6T14HNAYLU02</counterpartyLei>
            </counterparties>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>DOUGLAS EMMETT INC</issuerName>
                <issueTitle>DOUGLAS EMMETT INC</issueTitle>
                <identifiers>
                  <cusip value="25960P109"/>
                  <isin value="US25960P1093"/>
                  <ticker value="DEI"/>
                  <other otherDesc="SEDOL" value="B1G3M58"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <otherRecDesc fixedOrFloating="Other">Performance Leg</otherRecDesc>
            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="1 DAY OVERNIGHT FEDS FUNDS EFFECTIVE RATE" floatingRtSpread="0.40000000" pmntAmt="-105777.27000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Month" rateTenorUnit="1" resetDt="Day" resetDtUnit="1"/>
              </rtResetTenors>
            </floatingPmntDesc>
            <terminationDt>2026-08-19</terminationDt>
            <upfrontPmnt>0.00000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.00000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>-105777.27000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-1905.52000000</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Trustmark Corp</name>
        <lei>5493000HPQ4D2RZ79739</lei>
        <title>Trustmark Corp COM</title>
        <cusip>898402102</cusip>
        <identifiers>
          <isin value="US8984021027"/>
          <ticker value="TRMK"/>
        </identifiers>
        <balance>3558138.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>149939935.32000000</valUSD>
        <pctVal>0.163001337216</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>Acadia Realty Trust</name>
        <lei>254900C5XLB1YYJQSH07</lei>
        <title>Acadia Realty Trust COM SH BEN INT</title>
        <cusip>004239109</cusip>
        <identifiers>
          <isin value="US0042391096"/>
          <ticker value="AKR"/>
        </identifiers>
        <balance>7866790.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>150413024.80000000</valUSD>
        <pctVal>0.163515637944</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>United Community Banks Inc.(South Carolina)</name>
        <lei>549300GVW0FV66X3U703</lei>
        <title>United Community Banks Inc.(South Carolina) COM</title>
        <cusip>90984P303</cusip>
        <identifiers>
          <isin value="US90984P3038"/>
          <ticker value="UCB"/>
        </identifiers>
        <balance>7195573.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>226588593.77000000</valUSD>
        <pctVal>0.246326928871</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>ALPHA AND OMEGA SEMICONDUCTOR LTD</name>
        <lei>5493001FE7J03YOV2V35</lei>
        <title>Alpha &amp; Omega Semiconductor Ltd. COM USD0.002</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG6331P1041"/>
          <ticker value="AOSL"/>
          <other otherDesc="SEDOL" value="B5Q3KZ2"/>
        </identifiers>
        <balance>1481581.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>32831834.96000000</valUSD>
        <pctVal>0.035691845473</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="195008.00000000"/>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>


      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>

      <explntrNote note="IBORs are undergoing a change as regulators and industry groups have recommended that firms consider adoption of alternative, overnight risk-free rates (RFRs). Floating rate swap terms reflected as Libors may be using the RFR to calculate the actual rate." noteItem="C.11.f.i.2"/>


    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-05-26</ncom:dateSigned>
      <ncom:nameOfApplicant>iShares Trust</ncom:nameOfApplicant>
      <ncom:signature>Chuck Pulsfort</ncom:signature>
      <ncom:signerName>Chuck Pulsfort</ncom:signerName>
      <ncom:title>Assistant Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
