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      <invstOrSec>
        <name>Deluxe Corp</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Xenia Hotels &amp; Resorts Inc</name>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Brightsphere Investment Group Inc</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PENNANT GROUP INC/THE</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Advanced Energy Industries Inc</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Gannett Co Inc</name>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Fossil Group Inc</name>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PBF Energy Inc</name>
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          <isin value="US69318G1067"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CalAmp Corp</name>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Crocs Inc</name>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HB Fuller Co</name>
        <lei>JSMX3Z5FOYM8V0Q52357</lei>
        <title>HB Fuller Co</title>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Independence Realty Trust Inc</name>
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      <invstOrSec>
        <name>Acadia Realty Trust</name>
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        <name>FormFactor Inc</name>
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        <name>Magellan Health Inc</name>
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        <name>Ethan Allen Interiors Inc</name>
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        <name>Mr Cooper Group Inc</name>
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        <name>Employers Holdings Inc</name>
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        <name>Diebold Nixdorf Inc</name>
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        <name>Summit Hotel Properties Inc</name>
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        <name>Encore Wire Corp</name>
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        <name>New York Mortgage Trust Inc</name>
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        <name>Innovative Industrial Properties Inc</name>
        <lei>5493008BQ0545EZXRR30</lei>
        <title>Innovative Industrial Properties Inc</title>
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        <name>Bloomin' Brands Inc</name>
        <lei>E1UJ2GO305B5FXGV7N04</lei>
        <title>Bloomin' Brands Inc</title>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>First BanCorp/Puerto Rico</name>
        <lei>N/A</lei>
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        <assetCat>EC</assetCat>
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        <invCountry>PR</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PDF Solutions Inc</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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Group 1 Automotive Inc</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Ameris Bancorp</name>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ePlus Inc</name>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Bed Bath &amp; Beyond Inc</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ABM Industries Inc</name>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Newpark Resources Inc</name>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>AAR Corp</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Olympic Steel Inc</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Safehold Inc</name>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Geospace Technologies Corp</name>
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      <invstOrSec>
        <name>Select Medical Holdings Corp</name>
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      <invstOrSec>
        <name>Kite Realty Group Trust</name>
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        <name>WisdomTree Investments Inc</name>
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        <name>Zumiez Inc</name>
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        <name>Uniti Group Inc</name>
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        <name>Arconic Corp</name>
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        <name>Triumph Bancorp Inc</name>
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        <name>Chart Industries Inc</name>
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        <name>Meritor Inc</name>
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        <name>RPT Realty</name>
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        <name>Regis Corp</name>
        <lei>5493000Q1S5TJIDIQH89</lei>
        <title>Regis Corp</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <name>Hawkins Inc</name>
        <lei>549300VL3IJ23OWX1Y34</lei>
        <title>Hawkins Inc</title>
        <cusip>420261109</cusip>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>EW Scripps Co/The</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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Mesa Laboratories Inc</name>
        <lei>549300ZCG738WLX8ZW79</lei>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Hope Bancorp Inc</name>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Park National Corp</name>
        <lei>5493001T01TDELV5OO63</lei>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Schweitzer-Mauduit International Inc</name>
        <lei>549300Z1FU4IDULG1R21</lei>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Westamerica BanCorp</name>
        <lei>N/A</lei>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Pacific Premier Bancorp Inc</name>
        <lei>549300Q1KIC3KLI0XG98</lei>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>RadNet Inc</name>
        <lei>529900RECG94V2IZJ970</lei>
        <title>RadNet Inc</title>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>RE/MAX Holdings Inc</name>
        <lei>54930033W2KS56JHAN30</lei>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Talos Energy Inc</name>
        <lei>549300OKFHZ84SFJFT95</lei>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>3D Systems Corp</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Sanmina Corp</name>
        <lei>X5K24XLM8QYRXF00EB42</lei>
        <title>Sanmina Corp</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>MaxLinear Inc</name>
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        <name>Retail Opportunity Investments Corp</name>
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        <name>Invacare Corp</name>
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        <name>Oxford Industries Inc</name>
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        <name>Universal Corp/VA</name>
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        <name>Benchmark Electronics Inc</name>
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        <name>Piper Sandler Cos</name>
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        <name>Tanger Factory Outlet Centers Inc</name>
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        <name>California Water Service Group</name>
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        <name>Walker &amp; Dunlop Inc</name>
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        <name>Simulations Plus Inc</name>
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        <name>Universal Health Realty Income Trust</name>
        <lei>549300L4MWZL4IH6H172</lei>
        <title>Universal Health Realty Income Trust</title>
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      <invstOrSec>
        <name>Amphastar Pharmaceuticals Inc</name>
        <lei>54930055TH0ZLSAQMJ38</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Chico's FAS Inc</name>
        <lei>5299003ESGN5T1MFXY13</lei>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Marcus Corp/The</name>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Helmerich &amp; Payne Inc</name>
        <lei>254900NAOGHJ88RZ4C73</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SPX FLOW Inc</name>
        <lei>5493003YXEKRBINIEM78</lei>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Ultra Clean Holdings Inc</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Shake Shack Inc</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Seneca Foods Corp</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Cooper Tire &amp; Rubber Co</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Central Garden &amp; Pet Co</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Retail Properties of America Inc</name>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Cooper-Standard Holdings Inc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Guess? Inc</name>
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        <name>Cheesecake Factory Inc/The</name>
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        <name>Ichor Holdings Ltd</name>
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        <fairValLevel>1</fairValLevel>
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        <name>ADTRAN Inc</name>
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        <name>Phibro Animal Health Corp</name>
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        <name>Allegiant Travel Co</name>
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        <name>Omnicell Inc</name>
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        <name>Eagle Bancorp Inc</name>
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        <name>Arlo Technologies Inc</name>
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        <name>John Bean Technologies Corp</name>
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        <title>John Bean Technologies Corp</title>
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        <name>Vector Group Ltd</name>
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        <title>Vector Group Ltd</title>
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        <name>ARMOUR Residential REIT Inc</name>
        <lei>549300K0WA0EJUX74V72</lei>
        <title>ARMOUR Residential REIT Inc</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>LeMaitre Vascular Inc</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Trinseo SA</name>
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      <invstOrSec>
        <name>National Presto Industries Inc</name>
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      <invstOrSec>
        <name>Simmons First National Corp</name>
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      <invstOrSec>
        <name>Monro Inc</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>R1 RCM Inc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Wabash National Corp</name>
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      <invstOrSec>
        <name>S&amp;T Bancorp Inc</name>
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      <invstOrSec>
        <name>Resideo Technologies Inc</name>
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        <name>Luminex Corp</name>
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        <name>CareTrust REIT Inc</name>
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        <name>Armada Hoffler Properties Inc</name>
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        <name>Raven Industries Inc</name>
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        <name>Invesco Mortgage Capital Inc</name>
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        <name>Ferro Corp</name>
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        <name>CTS Corp</name>
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        <name>NextGen Healthcare Inc</name>
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        <name>Forrester Research Inc</name>
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        <name>AdvanSix Inc</name>
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        <name>Exterran Corp</name>
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        <name>Movado Group Inc</name>
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        <name>OraSure Technologies Inc</name>
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        <name>SunCoke Energy Inc</name>
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        <name>Four Corners Property Trust Inc</name>
        <lei>549300SVTPZPBDVNER42</lei>
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        <name>Team Inc</name>
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      <invstOrSec>
        <name>Standard Motor Products Inc</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Motorcar Parts of America Inc</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Boston Private Financial Holdings Inc</name>
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      <invstOrSec>
        <name>Rogers Corp</name>
        <lei>PW0CN80KNFR7RUOOKJ84</lei>
        <title>Rogers Corp</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Realogy Holdings Corp</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ESCO Technologies Inc</name>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Capri Holdings Ltd</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Shoe Carnival Inc</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Southside Bancshares Inc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>NMI Holdings Inc</name>
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        <name>Bel Fuse Inc</name>
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        <name>Par Pacific Holdings Inc</name>
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        <name>Gentherm Inc</name>
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        <name>American Public Education Inc</name>
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        <name>BlackRock Funds III</name>
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        <name>Cleveland-Cliffs Inc</name>
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        <name>Cardiovascular Systems Inc</name>
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        <name>Core-Mark Holding Co Inc</name>
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        <name>American Woodmark Corp</name>
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        <name>Cal-Maine Foods Inc</name>
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        <name>Blucora Inc</name>
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        <name>Boot Barn Holdings Inc</name>
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        <name>Hawaiian Holdings Inc</name>
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        <title>Hawaiian Holdings Inc</title>
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      <invstOrSec>
        <name>Tivity Health Inc</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Lydall Inc</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Chefs' Warehouse Inc/The</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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Clearwater Paper Corp</name>
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        <title>Clearwater Paper Corp</title>
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          <isin value="US18538R1032"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CryoLife Inc</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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Haverty Furniture Cos Inc</name>
        <lei>529900CVFMMIRXZVPD70</lei>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Community Bank System Inc</name>
        <lei>5299008N6YHE6GCP1E80</lei>
        <title>Community Bank System Inc</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NIC Inc</name>
        <lei>529900B18T4Q37BZ0F35</lei>
        <title>NIC Inc</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Northwest Natural Holding Co</name>
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        <title>Northwest Natural Holding Co</title>
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          <isin value="US66765N1054"/>
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        <balance>1886231.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Ebix Inc</name>
        <lei>549300DHXVZR5SW5QR44</lei>
        <title>Ebix Inc</title>
        <cusip>278715206</cusip>
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        <balance>1450713.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>AAON Inc</name>
        <lei>N/A</lei>
        <title>AAON Inc</title>
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          <isin value="US0003602069"/>
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        <balance>2517150.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>AZZ Inc</name>
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        <title>AZZ Inc</title>
        <cusip>002474104</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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Easterly Government Properties Inc</name>
        <lei>549300ERMCEFC6S8HL77</lei>
        <title>Easterly Government Properties Inc</title>
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      <invstOrSec>
        <name>Korn Ferry</name>
        <lei>549300FOD20OM0GT5G40</lei>
        <title>Korn Ferry</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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Lumber Liquidators Holdings Inc</name>
        <lei>N/A</lei>
        <title>Lumber Liquidators Holdings Inc</title>
        <cusip>55003T107</cusip>
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        <balance>1781632.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Calavo Growers Inc</name>
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        <name>Nabors Industries Ltd</name>
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        <invCountry>BM</invCountry>

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        <name>Fiesta Restaurant Group Inc</name>
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        <name>Apollo Commercial Real Estate Finance Inc</name>
        <lei>549300E0AN7M2AQHSY29</lei>
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        <name>Northfield Bancorp Inc</name>
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        <name>Hanger Inc</name>
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        <title>Hanger Inc</title>
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        <name>Vera Bradley Inc</name>
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        <title>Vera Bradley Inc</title>
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        <name>Capstead Mortgage Corp</name>
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        <title>Capstead Mortgage Corp</title>
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        <name>Forward Air Corp</name>
        <lei>N/A</lei>
        <title>Forward Air Corp</title>
        <cusip>349853101</cusip>
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        <invCountry>US</invCountry>
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      </invstOrSec>
      <invstOrSec>
        <name>ManTech International Corp/VA</name>
        <lei>5299007N03CAU4SWNR02</lei>
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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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>United Insurance Holdings Corp</name>
        <lei>5299002P9105LJQA8G51</lei>
        <title>United Insurance Holdings Corp</title>
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          <isin value="US9107101027"/>
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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>G-III Apparel Group Ltd</name>
        <lei>529900O5KABM3R3SFM87</lei>
        <title>G-III Apparel Group Ltd</title>
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          <isin value="US36237H1014"/>
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        <balance>2670381.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CoreCivic Inc</name>
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          <isin value="US21871N1019"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerConditional desc="corporate" issuerCat="OTHER"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HealthStream Inc</name>
        <lei>529900OJ88H8635JNH64</lei>
        <title>HealthStream Inc</title>
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          <isin value="US42222N1037"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LivePerson Inc</name>
        <lei>549300IN2P1JZ20G7N40</lei>
        <title>LivePerson Inc</title>
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          <isin value="US5381461012"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>AMAG Pharmaceuticals Inc</name>
        <lei>549300HCK1560YVVY867</lei>
        <title>AMAG Pharmaceuticals Inc</title>
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          <isin value="US00163U1060"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Ensign Group Inc/The</name>
        <lei>5493003K4HEEA8Q0BC72</lei>
        <title>Ensign Group Inc/The</title>
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          <isin value="US29358P1012"/>
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        <balance>3121055.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Comtech Telecommunications Corp</name>
        <lei>529900FTEZ8MGM0Y8F73</lei>
        <title>Comtech Telecommunications Corp</title>
        <cusip>205826209</cusip>
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          <isin value="US2058262096"/>
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        <balance>1527152.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Mueller Industries Inc</name>
        <lei>5493005IZFE4VJLLYG84</lei>
        <title>Mueller Industries Inc</title>
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          <isin value="US6247561029"/>
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        <balance>3506831.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TTEC Holdings Inc</name>
        <lei>GTJS1N8S8I28A7L4WG97</lei>
        <title>TTEC Holdings Inc</title>
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          <isin value="US89854H1023"/>
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        <balance>1125455.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Community Healthcare Trust Inc</name>
        <lei>549300FATSRCMKOV9536</lei>
        <title>Community Healthcare Trust Inc</title>
        <cusip>20369C106</cusip>
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          <isin value="US20369C1062"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Brookline Bancorp Inc</name>
        <lei>N/A</lei>
        <title>Brookline Bancorp Inc</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Patterson-UTI Energy Inc</name>
        <lei>254900XGFBKIXD6G0697</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Vista Outdoor Inc</name>
        <lei>549300QI2D33ESTJLN81</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>BankUnited Inc</name>
        <lei>96OVUWEW5D4YX6PFXD91</lei>
        <title>BankUnited Inc</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Avista Corp</name>
        <lei>Q0IK63NITJD6RJ47SW96</lei>
        <title>Avista Corp</title>
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        <name>Dime Community Bancshares Inc</name>
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        <name>BJ's Restaurants Inc</name>
        <lei>5299000EOW66I1OJNQ23</lei>
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        <name>Andersons Inc/The</name>
        <lei>L38MWB8MVRFV7HVJPU11</lei>
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        <name>Alexander &amp; Baldwin Investments LLC</name>
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        <name>PennyMac Mortgage Investment Trust</name>
        <lei>549300BSSOQO1ZWDUJ97</lei>
        <title>PennyMac Mortgage Investment Trust</title>
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        <name>Plexus Corp</name>
        <lei>549300W7HCBI5YT25I79</lei>
        <title>Plexus Corp</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Caleres Inc</name>
        <lei>JFU6RQQJ8Z1CPOLBXQ18</lei>
        <title>Caleres Inc</title>
        <cusip>129500104</cusip>
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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>LTC Properties Inc</name>
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      <invstOrSec>
        <name>Ambac Financial Group Inc</name>
        <lei>5493000UC0RBBNDHI717</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>NeoGenomics Inc</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Donnelley Financial Solutions Inc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Vicor Corp</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Owens &amp; Minor Inc</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Titan International Inc</name>
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        <name>NexPoint Residential Trust Inc</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Kaman Corp</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Standex International Corp</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Perficient Inc</name>
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        <name>First Commonwealth Financial Corp</name>
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        <name>Innoviva Inc</name>
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        <name>Banner Corp</name>
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        <name>Old National Bancorp/IN</name>
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        <name>Greenbrier Cos Inc/The</name>
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        <name>Cutera Inc</name>
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        <name>Anika Therapeutics Inc</name>
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        <name>Watts Water Technologies Inc</name>
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        <name>TTM Technologies Inc</name>
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        <name>8x8 Inc</name>
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        <name>Applied Industrial Technologies Inc</name>
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        <title>Applied Industrial Technologies Inc</title>
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      <invstOrSec>
        <name>Moog Inc</name>
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      <invstOrSec>
        <name>Axcelis Technologies Inc</name>
        <lei>529900HF9B6NL1QG9F05</lei>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ANI Pharmaceuticals Inc</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Bristow Group Inc</name>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HMS Holdings Corp</name>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Chatham Lodging Trust</name>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Lexington Realty Trust</name>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Plantronics Inc</name>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Iridium Communications Inc</name>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Liquidity Services Inc</name>
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        <name>MicroStrategy Inc</name>
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        <name>SPX Corp</name>
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        <name>Inter Parfums Inc</name>
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        <name>Sykes Enterprises Inc</name>
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        <name>Apogee Enterprises Inc</name>
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        <name>Barnes &amp; Noble Education Inc</name>
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        <name>HomeStreet Inc</name>
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        <name>US Physical Therapy Inc</name>
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        <name>Merit Medical Systems Inc</name>
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        <name>Oceaneering International Inc</name>
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        <name>Ruth's Hospitality Group Inc</name>
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        <name>Neogen Corp</name>
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        <name>Franklin Electric Co Inc</name>
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        <name>HCI Group Inc</name>
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      <invstOrSec>
        <name>La-Z-Boy Inc</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Chuy's Holdings Inc</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>REX American Resources Corp</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>GameStop Corp</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Dorian LPG Ltd</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Providence Service Corp/The</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Children's Place Inc/The</name>
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      <invstOrSec>
        <name>Meta Financial Group Inc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Laredo Petroleum Inc</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Berkshire Hills Bancorp Inc</name>
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      <invstOrSec>
        <name>Orthofix Medical Inc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Integer Holdings Corp</name>
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        <name>Tupperware Brands Corp</name>
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        <name>Haynes International Inc</name>
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        <name>GMS Inc</name>
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        <name>St Joe Co/The</name>
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        <name>DiamondRock Hospitality Co</name>
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        <name>Universal Electronics Inc</name>
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        <name>Sonic Automotive Inc</name>
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        <name>Natus Medical Inc</name>
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        <name>Balchem Corp</name>
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        <name>Supernus Pharmaceuticals Inc</name>
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        <name>Endo International PLC</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Buckle Inc/The</name>
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      <invstOrSec>
        <name>US Ecology Inc</name>
        <lei>N/A</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>YETI Holdings Inc</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Vanda Pharmaceuticals Inc</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Triumph Group Inc</name>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>First Financial Bancorp</name>
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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>Covetrus Inc</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>Rent-A-Center Inc/TX</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>BioTelemetry Inc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>StoneX Group Inc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>EZCORP Inc</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Sturm Ruger &amp; Co Inc</name>
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        <name>Hanmi Financial Corp</name>
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        <name>Materion Corp</name>
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        <name>American States Water Co</name>
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        <name>Kinsale Capital Group Inc</name>
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        <name>Northwest Bancshares Inc</name>
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        <name>OSI Systems Inc</name>
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        <name>Harsco Corp</name>
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        <name>AngioDynamics Inc</name>
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        <name>NOW Inc</name>
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        <name>Winnebago Industries Inc</name>
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        <name>RPC Inc</name>
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      <invstOrSec>
        <name>Viavi Solutions Inc</name>
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      <invstOrSec>
        <name>Michaels Cos Inc/The</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Green Plains Inc</name>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Allegiance Bancshares Inc</name>
        <lei>N/A</lei>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Central Pacific Financial Corp</name>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Federal Signal Corp</name>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SEACOR Holdings Inc</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Fresh Del Monte Produce Inc</name>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Bonanza Creek Energy Inc</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Essential Properties Realty Trust Inc</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Medifast Inc</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Steven Madden Ltd</name>
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      <invstOrSec>
        <name>Digi International Inc</name>
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        <name>Quaker Chemical Corp</name>
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        <name>Stamps.com Inc</name>
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        <name>Vonage Holdings Corp</name>
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        <name>Lantheus Holdings Inc</name>
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        <name>Global Net Lease Inc</name>
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        <name>Cato Corp/The</name>
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        <name>Photronics Inc</name>
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        <name>Provident Financial Services Inc</name>
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        <name>Oasis Petroleum Inc</name>
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        <name>Brandywine Realty Trust</name>
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        <name>PC Connection Inc</name>
        <lei>5299005WPRNIXDV2KM73</lei>
        <title>PC Connection Inc</title>
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      <invstOrSec>
        <name>Southwestern Energy Co</name>
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      <invstOrSec>
        <name>Marcus &amp; Millichap Inc</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Zynex Inc</name>
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      <invstOrSec>
        <name>American Equity Investment Life Holding Co</name>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Methode Electronics Inc</name>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Tabula Rasa HealthCare Inc</name>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>EnPro Industries Inc</name>
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      <invstOrSec>
        <name>American Vanguard Corp</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Alarm.com Holdings Inc</name>
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      <invstOrSec>
        <name>Big Lots Inc</name>
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      <invstOrSec>
        <name>Eagle Pharmaceuticals Inc/DE</name>
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        <name>CIRCOR International Inc</name>
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        <name>Third Point Reinsurance Ltd</name>
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        <name>Agilysys Inc</name>
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        <name>Momenta Pharmaceuticals Inc</name>
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        <name>Cardtronics PLC</name>
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        <name>Callaway Golf Co</name>
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        <name>Core Laboratories NV</name>
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        <name>P H Glatfelter Co</name>
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        <name>Granite Point Mortgage Trust Inc</name>
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        <name>ProAssurance Corp</name>
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        <name>Echo Global Logistics Inc</name>
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        <name>ExlService Holdings Inc</name>
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        <name>Aegion Corp</name>
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      <invstOrSec>
        <name>National Bank Holdings Corp</name>
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      <invstOrSec>
        <name>DSP Group Inc</name>
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        <name>Office Properties Income Trust</name>
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        <name>Aerojet Rocketdyne Holdings Inc</name>
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        <name>Heartland Express Inc</name>
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        <name>US Concrete Inc</name>
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        <name>Kraton Corp</name>
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        <name>RR Donnelley &amp; Sons Co</name>
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        <name>MDC Holdings Inc</name>
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        <name>Enerpac Tool Group Corp</name>
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        <name>Abercrombie &amp; Fitch Co</name>
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        <name>Signet Jewelers Ltd</name>
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        <name>Astec Industries Inc</name>
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        <name>Lindsay Corp</name>
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        <name>Dine Brands Global Inc</name>
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        <name>Monarch Casino &amp; Resort Inc</name>
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        <name>Power Integrations Inc</name>
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        <name>Hub Group Inc</name>
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      <invstOrSec>
        <name>Community Health Systems Inc</name>
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        <name>Innospec Inc</name>
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        <name>Great Western Bancorp Inc</name>
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      <invstOrSec>
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      <invstOrSec>
        <name>Dorman Products Inc</name>
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      <invstOrSec>
        <name>Horace Mann Educators Corp</name>
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        <name>Kulicke &amp; Soffa Industries Inc</name>
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        <name>Myers Industries Inc</name>
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        <name>Kaiser Aluminum Corp</name>
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        <name>Fulgent Genetics Inc</name>
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        <name>Enova International Inc</name>
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        <name>Green Dot Corp</name>
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        <name>Addus HomeCare Corp</name>
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      <invstOrSec>
        <name>CONSOL Energy Inc</name>
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        <name>Preferred Bank/Los Angeles CA</name>
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        <name>Stewart Information Services Corp</name>
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        <name>Inogen Inc</name>
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        <name>Powell Industries Inc</name>
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        <name>Customers Bancorp Inc</name>
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        <name>Quanex Building Products Corp</name>
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        <name>Columbia Banking System Inc</name>
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        <name>PetMed Express Inc</name>
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        <name>Coherus Biosciences Inc</name>
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        <name>CALAMOS ASSET MANAGEMENT, INC.</name>
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        <name>Allscripts Healthcare Solutions Inc</name>
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        <name>American Axle &amp; Manufacturing Holdings Inc</name>
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        <name>Neenah Inc</name>
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        <name>Kelly Services Inc</name>
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        <name>Unisys Corp</name>
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        <name>Rambus Inc</name>
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        <name>Range Resources Corp</name>
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        <name>Genesco Inc</name>
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        <name>iStar Inc</name>
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        <name>Allegheny Technologies Inc</name>
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        <name>Coca-Cola Consolidated Inc</name>
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        <name>Exponent Inc</name>
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        <name>Tompkins Financial Corp</name>
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        <name>Itron Inc</name>
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        <name>Cincinnati Bell Inc</name>
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        <name>Franklin Street Properties Corp</name>
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        <name>CVB Financial Corp</name>
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        <name>Brinker International Inc</name>
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        <name>Investors Real Estate Trust</name>
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        <name>El Pollo Loco Holdings Inc</name>
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        <name>Carpenter Technology Corp</name>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Diversified Healthcare Trust</name>
        <lei>N/A</lei>
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        <cusip>25525P107</cusip>
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          <isin value="US25525P1075"/>
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        <balance>14693122.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerConditional desc="REIT" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FutureFuel Corp</name>
        <lei>529900WYQZSMWFXLA845</lei>
        <title>FutureFuel Corp</title>
        <cusip>36116M106</cusip>
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          <isin value="US36116M1062"/>
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        <balance>1593632.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Saul Centers Inc</name>
        <lei>N/A</lei>
        <title>Saul Centers Inc</title>
        <cusip>804395101</cusip>
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          <isin value="US8043951016"/>
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        <balance>787907.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FB Financial Corp</name>
        <lei>5493000B2LD2C2A6C435</lei>
        <title>FB Financial Corp</title>
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          <isin value="US30257X1046"/>
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        <balance>1946092.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Warrior Met Coal Inc</name>
        <lei>549300152B1S9YKBYV79</lei>
        <title>Warrior Met Coal Inc</title>
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          <isin value="US93627C1018"/>
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        <balance>2470246.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Xencor Inc</name>
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          <isin value="US98401F1057"/>
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        <balance>3534664.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>United Community Banks Inc/GA</name>
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          <isin value="US90984P3038"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Insight Enterprises Inc</name>
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        <title>Insight Enterprises Inc</title>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Waddell &amp; Reed Financial Inc</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Wolverine World Wide Inc</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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>REGENXBIO Inc</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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ODP Corp/The</name>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Aerovironment Inc</name>
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        <title>Aerovironment Inc</title>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Matrix Service Co</name>
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        <title>Matrix Service Co</title>
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        <name>Granite Construction Inc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Matson Inc</name>
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        <name>Hersha Hospitality Trust</name>
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        <title>Hersha Hospitality Trust</title>
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        <name>MTS Systems Corp</name>
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        <name>Lannett Co Inc</name>
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        <name>Matthews International Corp</name>
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        <name>Harmonic Inc</name>
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        <name>Varex Imaging Corp</name>
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        <name>Xperi Holding Corp</name>
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      <invstOrSec>
        <name>Tennant Co</name>
        <lei>JYAIRLT8DVP6DP8UT336</lei>
        <title>Tennant Co</title>
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      <invstOrSec>
        <name>Conn's Inc</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ServisFirst Bancshares Inc</name>
        <lei>N/A</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Griffon Corp</name>
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      <invstOrSec>
        <name>Unifi Inc</name>
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      <invstOrSec>
        <name>Renewable Energy Group Inc</name>
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        <name>Palomar Holdings Inc</name>
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        <name>Veeco Instruments Inc</name>
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      <invstOrSec>
        <name>Shenandoah Telecommunications Co</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Universal Insurance Holdings Inc</name>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Cytokinetics Inc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>OFG Bancorp</name>
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        <invCountry>PR</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>DMC Global Inc</name>
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        <name>Installed Building Products Inc</name>
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        <name>Veritex Holdings Inc</name>
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        <name>Designer Brands Inc</name>
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        <name>Diodes Inc</name>
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        <name>AMERISAFE Inc</name>
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        <name>TrustCo Bank Corp NY</name>
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        <name>UniFirst Corp/MA</name>
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        <name>SM Energy Co</name>
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        <name>TrueBlue Inc</name>
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        <name>Meritage Homes Corp</name>
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        <name>Rayonier Advanced Materials Inc</name>
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        <name>Saia Inc</name>
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        <title>Saia Inc</title>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Axos Financial Inc</name>
        <lei>529900D8M56422GK9O25</lei>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>LCI Industries</name>
        <lei>549300E1B98YNJ1WIQ04</lei>
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          <isin value="US50189K1034"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>National Storage Affiliates Trust</name>
        <lei>N/A</lei>
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          <isin value="US6378701063"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Cross Country Healthcare Inc</name>
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        <title>Cross Country Healthcare Inc</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Mercer International Inc</name>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Computer Programs and Systems Inc</name>
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          <isin value="US2053061030"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Barnes Group Inc</name>
        <lei>G1MSYD2DQZX30V5DMX12</lei>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SpartanNash Co</name>
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          <isin value="US8472151005"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>US Silica Holdings 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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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Daktronics Inc</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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Shutterstock Inc</name>
        <lei>529900G2TDIS56V0LO22</lei>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>M/I Homes Inc</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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>OneSpan Inc</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Cogent Communications Holdings Inc</name>
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      <invstOrSec>
        <name>EVERTEC Inc</name>
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        <invCountry>PR</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>WD-40 Co</name>
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        <name>USANA Health Sciences Inc</name>
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        <name>Progress Software Corp</name>
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        <name>Oil States International Inc</name>
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        <name>Cadence BanCorp</name>
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        <name>Flagstar Bancorp Inc</name>
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        <name>Virtus Investment Partners Inc</name>
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        <name>Simpson Manufacturing Co Inc</name>
        <lei>529900EJUNNL15LZ8056</lei>
        <title>Simpson Manufacturing Co Inc</title>
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      <invstOrSec>
        <name>National Beverage Corp</name>
        <lei>549300O9MZIQJI8TGV17</lei>
        <title>National Beverage Corp</title>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
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        <balance>2042894.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>83656509.30000000</valUSD>
        <pctVal>0.202210441228</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>Patrick Industries Inc</name>
        <lei>549300FZ5ZTCCJ3Z5W14</lei>
        <title>Patrick Industries Inc</title>
        <cusip>703343103</cusip>
        <identifiers>
          <isin value="US7033431039"/>
        </identifiers>
        <balance>1361075.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>78289034.00000000</valUSD>
        <pctVal>0.189236441263</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>LGI Homes Inc</name>
        <lei>549300W02B4WNV8CV109</lei>
        <title>LGI Homes Inc</title>
        <cusip>50187T106</cusip>
        <identifiers>
          <isin value="US50187T1060"/>
        </identifiers>
        <balance>1363294.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>158373863.98000000</valUSD>
        <pctVal>0.382813593137</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="72352070.04000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Gibraltar Industries Inc</name>
        <lei>N/A</lei>
        <title>Gibraltar Industries Inc</title>
        <cusip>374689107</cusip>
        <identifiers>
          <isin value="US3746891072"/>
        </identifiers>
        <balance>2002067.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>130414644.38000000</valUSD>
        <pctVal>0.315231928793</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="91196.00000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ready Capital Corp</name>
        <lei>549300MYWGZUG7ZUYO87</lei>
        <title>Ready Capital Corp</title>
        <cusip>75574U101</cusip>
        <identifiers>
          <isin value="US75574U1016"/>
        </identifiers>
        <balance>2541233.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>28461809.60000000</valUSD>
        <pctVal>0.068796500422</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="corporate" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Arcosa Inc</name>
        <lei>549300WFHLTCZV7D6V29</lei>
        <title>Arcosa Inc</title>
        <cusip>039653100</cusip>
        <identifiers>
          <isin value="US0396531008"/>
        </identifiers>
        <balance>2984926.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>131605387.34000000</valUSD>
        <pctVal>0.318110134701</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>First Hawaiian Inc</name>
        <lei>5493002DJSH46F5OLV06</lei>
        <title>First Hawaiian Inc</title>
        <cusip>32051X108</cusip>
        <identifiers>
          <isin value="US32051X1081"/>
        </identifiers>
        <balance>8020271.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>116053321.37000000</valUSD>
        <pctVal>0.280518438034</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>Mack-Cali Realty Corp</name>
        <lei>N/A</lei>
        <title>Mack-Cali Realty Corp</title>
        <cusip>554489104</cusip>
        <identifiers>
          <isin value="US5544891048"/>
        </identifiers>
        <balance>5321271.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>67154440.02000000</valUSD>
        <pctVal>0.162322442814</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="corporate" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Asbury Automotive Group Inc</name>
        <lei>549300JH4DTA7U42GL91</lei>
        <title>Asbury Automotive Group Inc</title>
        <cusip>043436104</cusip>
        <identifiers>
          <isin value="US0434361046"/>
        </identifiers>
        <balance>1191067.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>116069479.15000000</valUSD>
        <pctVal>0.280557493833</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="14099163.45000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fabrinet</name>
        <lei>5493004TETZ6IYF7CV44</lei>
        <title>Fabrinet</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG3323L1005"/>
        </identifiers>
        <balance>2268897.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>143008577.91000000</valUSD>
        <pctVal>0.345673371750</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="3296469.00000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Glu Mobile Inc</name>
        <lei>5299006L6Z4VS4PBXT12</lei>
        <title>Glu Mobile Inc</title>
        <cusip>379890106</cusip>
        <identifiers>
          <isin value="US3798901068"/>
        </identifiers>
        <balance>9072916.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>69634630.30000000</valUSD>
        <pctVal>0.168317438004</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="3809102.50000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Redwood Trust Inc</name>
        <lei>DRBV4N1ERQLEMIF11G78</lei>
        <title>Redwood Trust Inc</title>
        <cusip>758075402</cusip>
        <identifiers>
          <isin value="US7580754023"/>
        </identifiers>
        <balance>7097681.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>53374561.12000000</valUSD>
        <pctVal>0.129014390449</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="corporate" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Consolidated Communications Holdings Inc</name>
        <lei>529900F6S64KOO8CXH48</lei>
        <title>Consolidated Communications Holdings Inc</title>
        <cusip>209034107</cusip>
        <identifiers>
          <isin value="US2090341072"/>
        </identifiers>
        <balance>4511213.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>25668801.97000000</valUSD>
        <pctVal>0.062045378364</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>TechTarget Inc</name>
        <lei>529900YQA5JL2H2VMB84</lei>
        <title>TechTarget Inc</title>
        <cusip>87874R100</cusip>
        <identifiers>
          <isin value="US87874R1005"/>
        </identifiers>
        <balance>1428313.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>62788639.48000000</valUSD>
        <pctVal>0.151769642310</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="9394515.76000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CONMED Corp</name>
        <lei>Z6C0YCECH9DCU5ZIQW84</lei>
        <title>CONMED Corp</title>
        <cusip>207410101</cusip>
        <identifiers>
          <isin value="US2074101013"/>
        </identifiers>
        <balance>1764208.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>138790243.36000000</valUSD>
        <pctVal>0.335477018858</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="4805871.63000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Comfort Systems USA Inc</name>
        <lei>5299009DT1ZA5HTU6R38</lei>
        <title>Comfort Systems USA Inc</title>
        <cusip>199908104</cusip>
        <identifiers>
          <isin value="US1999081045"/>
        </identifiers>
        <balance>2252525.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>116027562.75000000</valUSD>
        <pctVal>0.280456175552</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>Industrial Logistics Properties Trust</name>
        <lei>N/A</lei>
        <title>Industrial Logistics Properties Trust</title>
        <cusip>456237106</cusip>
        <identifiers>
          <isin value="US4562371066"/>
        </identifiers>
        <balance>4026608.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>88061916.96000000</valUSD>
        <pctVal>0.212858978134</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="corporate" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Boise Cascade Co</name>
        <lei>549300Z8B8LSRHC7XA55</lei>
        <title>Boise Cascade Co</title>
        <cusip>09739D100</cusip>
        <identifiers>
          <isin value="US09739D1000"/>
        </identifiers>
        <balance>2420363.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>96620890.96000000</valUSD>
        <pctVal>0.233547313369</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="115768.00000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Myriad Genetics Inc</name>
        <lei>52990044IHUOUMETT163</lei>
        <title>Myriad Genetics Inc</title>
        <cusip>62855J104</cusip>
        <identifiers>
          <isin value="US62855J1043"/>
        </identifiers>
        <balance>4613175.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>60155802.00000000</valUSD>
        <pctVal>0.145405675740</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="10001680.00000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>South Jersey Industries Inc</name>
        <lei>549300DJYWYT5VXLFA46</lei>
        <title>South Jersey Industries Inc</title>
        <cusip>838518108</cusip>
        <identifiers>
          <isin value="US8385181081"/>
        </identifiers>
        <balance>6211153.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>119688918.31000000</valUSD>
        <pctVal>0.289306225948</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>America's Car-Mart Inc/TX</name>
        <lei>N/A</lei>
        <title>America's Car-Mart Inc/TX</title>
        <cusip>03062T105</cusip>
        <identifiers>
          <isin value="US03062T1051"/>
        </identifiers>
        <balance>392917.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>33350794.96000000</valUSD>
        <pctVal>0.080613917800</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="1731552.00000000"/>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="IJR-JMC (JPMorgan Chase Bank NA): The Fund receives the total return on a portfolio of long positions underlying the total return swap. The Fund pays the total return on a portfolio of short positions underlying the total return swap. In addition, the Fund pays or receives a variable rate of interest, based on a specified benchmark, plus or minus a spread of 65 basis points. The benchmark and spread are determined based upon the country and/or currency of the individual underlying positions. The following are the specified benchmarks used in determining the variable rate of interest: USD - 1D Overnight Bank Funding Rate (OBFR01)" noteItem="C.11.f.i.1"/>
      <explntrNote note="IJR-GSC (Goldman Sachs Bank USA): The Fund receives the total return on a portfolio of long positions underlying the total return swap. The Fund pays the total return on a portfolio of short positions underlying the total return swap. In addition, the Fund pays or receives a variable rate of interest, based on a specified benchmark, plus or minus a spread in a range of 20-65 basis points. The benchmark and spread are determined based upon the country and/or currency of the individual underlying positions. The following are the specified benchmarks used in determining the variable rate of interest: USD - 1D Overnight Fed Funds Effective Rate (FEDL01)" noteItem="C.11.f.i.1"/>


      <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"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2020-10-30</ncom:dateSigned>
      <ncom:nameOfApplicant>iShares Trust</ncom:nameOfApplicant>
      <ncom:signature>Ann Frechette</ncom:signature>
      <ncom:signerName>Ann Frechette</ncom:signerName>
      <ncom:title>Assistant Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
