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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Wintrust Financial Corp.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>RLI Corp.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>FirstCash Holdings, Inc.</name>
        <lei>N/A</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Louisiana-Pacific Corp.</name>
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        <title>Louisiana-Pacific Corp.</title>
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      <invstOrSec>
        <name>United Therapeutics Corp.</name>
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      <invstOrSec>
        <name>CubeSmart</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>Zions Bancorp NA</name>
        <lei>8WH0EE09O9V05QJZ3V89</lei>
        <title>Zions Bancorp NA</title>
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          <isin value="US9897011071"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Ingredion, Inc.</name>
        <lei>PKSTQ48QDN0XSVS7YK88</lei>
        <title>Ingredion, Inc.</title>
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          <isin value="US4571871023"/>
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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>Interactive Brokers Group, Inc.</name>
        <lei>5493004DT6DCDUZNDM53</lei>
        <title>Interactive Brokers Group, Inc., Class A</title>
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          <isin value="US45841N1072"/>
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        <balance>668378.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Esab Corp.</name>
        <lei>549300ZNV0SWBXEIWT04</lei>
        <title>Esab Corp.</title>
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          <isin value="US29605J1060"/>
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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>Permian Resources Corp.</name>
        <lei>529900NXUJPOKU7OJ511</lei>
        <title>Permian Resources Corp., Class A</title>
        <cusip>71424F105</cusip>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Warner Music Group Corp.</name>
        <lei>N/A</lei>
        <title>Warner Music Group Corp., Class A</title>
        <cusip>934550203</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Kyndryl Holdings, Inc.</name>
        <lei>549300LQ4LWX2R8ZV130</lei>
        <title>Kyndryl Holdings, Inc.</title>
        <cusip>50155Q100</cusip>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Gentex Corp.</name>
        <lei>549300S3UD8XV1MN0287</lei>
        <title>Gentex Corp.</title>
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        <name>Equity LifeStyle Properties, Inc.</name>
        <lei>529900PEQG66LENB6798</lei>
        <title>Equity LifeStyle Properties, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Carlisle Cos., Inc.</name>
        <lei>XR64VGX1ZPX6G7ZN7Z11</lei>
        <title>Carlisle Cos., Inc.</title>
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        <name>Haemonetics Corp.</name>
        <lei>549300ZEL6TXZS6F5F95</lei>
        <title>Haemonetics Corp.</title>
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        <name>nVent Electric plc</name>
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        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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        <name>AECOM</name>
        <lei>0EEB8GF0W0NPCIHZX097</lei>
        <title>AECOM</title>
        <cusip>00766T100</cusip>
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      <invstOrSec>
        <name>Lattice Semiconductor Corp.</name>
        <lei>549300LRBBPZDQ2II567</lei>
        <title>Lattice Semiconductor Corp.</title>
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        <name>Glacier Bancorp, Inc.</name>
        <lei>549300SMJAUKZB5D7V74</lei>
        <title>Glacier Bancorp, Inc.</title>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Doximity, Inc.</name>
        <lei>N/A</lei>
        <title>Doximity, Inc., Class A</title>
        <cusip>26622P107</cusip>
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          <isin value="US26622P1075"/>
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        <balance>819012.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Curtiss-Wright Corp.</name>
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      <invstOrSec>
        <name>BJ's Wholesale Club Holdings, Inc.</name>
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        <name>Repligen Corp.</name>
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        <name>Owens Corning</name>
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        <name>Hamilton Lane, Inc.</name>
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        <name>Abercrombie &amp; Fitch Co.</name>
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        <name>Crane NXT Co.</name>
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        <name>Stifel Financial Corp.</name>
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        <name>BlackRock Funds III</name>
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        <name>Choice Hotels International, Inc.</name>
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        <name>MGIC Investment Corp.</name>
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        <name>American Homes 4 Rent</name>
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        <name>Equitable Holdings, Inc.</name>
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        <name>Bruker Corp.</name>
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        <name>Brink's Co. (The)</name>
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        <name>Paylocity Holding Corp.</name>
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      <invstOrSec>
        <name>GATX Corp.</name>
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        <title>GATX Corp.</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Jones Lang LaSalle, Inc.</name>
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        <title>Jones Lang LaSalle, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <swapDeriv derivCat="SWP">
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      <invstOrSec>
        <name>Illumina, Inc.</name>
        <lei>SQ95QG8SR5Q56LSNF682</lei>
        <title>Illumina, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Parsons Corp.</name>
        <lei>549300ZXH0VRBSEPX752</lei>
        <title>Parsons Corp.</title>
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          <isin value="US70202L1026"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Pinnacle Financial Partners, Inc.</name>
        <lei>54930098EZ8JMSAZGS24</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Exelixis, Inc.</name>
        <lei>254900PJQB59O2O95R37</lei>
        <title>Exelixis, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Power Integrations, Inc.</name>
        <lei>54930085LGXSCIHD5W31</lei>
        <title>Power Integrations, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>HealthEquity, Inc.</name>
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        <title>HealthEquity, Inc.</title>
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      <invstOrSec>
        <name>Coherent Corp.</name>
        <lei>549300O5C25A0MMHHU33</lei>
        <title>Coherent Corp.</title>
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        <name>Maplebear, Inc.</name>
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        <name>Globus Medical, Inc.</name>
        <lei>5299003M2P4CIK0RF205</lei>
        <title>Globus Medical, Inc., Class A</title>
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        <name>Genpact Ltd.</name>
        <lei>529900OSEC6Q0L4L5B35</lei>
        <title>Genpact Ltd.</title>
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        <invCountry>BM</invCountry>

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        <fairValLevel>1</fairValLevel>
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        <name>Acuity, Inc.</name>
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        <title>Acuity, Inc.</title>
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        <name>Pilgrim's Pride Corp.</name>
        <lei>549300ZSLGV64ZL3HD75</lei>
        <title>Pilgrim's Pride Corp.</title>
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        <assetCat>EC</assetCat>
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        <name>NewMarket Corp.</name>
        <lei>54930082CG88ERDREQ47</lei>
        <title>NewMarket Corp.</title>
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        <name>Exponent, Inc.</name>
        <lei>529900NY3F5Q2NWPUZ42</lei>
        <title>Exponent, Inc.</title>
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        <name>Qualys, Inc.</name>
        <lei>549300EMBXYOW9W1XA17</lei>
        <title>Qualys, Inc.</title>
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        <name>Ensign Group, Inc. (The)</name>
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      <invstOrSec>
        <name>Universal Display Corp.</name>
        <lei>N/A</lei>
        <title>Universal Display Corp.</title>
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      <invstOrSec>
        <name>UMB Financial Corp.</name>
        <lei>549300MGEH3N3CUCV828</lei>
        <title>UMB Financial Corp.</title>
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      <invstOrSec>
        <name>Lincoln Electric Holdings, Inc.</name>
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        <name>Advanced Drainage Systems, Inc.</name>
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        <name>Cognex Corp.</name>
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        <name>Simpson Manufacturing Co., Inc.</name>
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        <name>Royal Gold, Inc.</name>
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        <name>Chart Industries, Inc.</name>
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        <name>ExlService Holdings, Inc.</name>
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        <name>Encompass Health Corp.</name>
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        <name>AAON, Inc.</name>
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        <name>Valvoline, Inc.</name>
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        <name>Dynatrace, Inc.</name>
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        <name>Sarepta Therapeutics, Inc.</name>
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        <name>Graphic Packaging Holding Co.</name>
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        <name>elf Beauty, Inc.</name>
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        <name>LivaNova plc</name>
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        <name>Chemed Corp.</name>
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        <name>Clean Harbors, Inc.</name>
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      <invstOrSec>
        <name>Ollie's Bargain Outlet Holdings, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Knife River 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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        <name>RB Global, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Eagle Materials, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Tenet Healthcare Corp.</name>
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        <title>Tenet Healthcare Corp.</title>
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        <name>Synovus Financial Corp.</name>
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        <name>N/A</name>
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        <name>Antero Midstream Corp.</name>
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        <name>BellRing Brands, Inc.</name>
        <lei>549300S3BOK5CMTS8054</lei>
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        <name>Travel + Leisure Co.</name>
        <lei>T4VNTWMFQ7JQB65L7T35</lei>
        <title>Travel + Leisure Co.</title>
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        <name>Matador Resources Co.</name>
        <lei>549300CI3Q2UUK5R4G79</lei>
        <title>Matador Resources Co.</title>
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        <name>KBR, Inc.</name>
        <lei>254900OFQDXZRKRCV808</lei>
        <title>KBR, Inc.</title>
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        <name>Coca-Cola Consolidated, Inc.</name>
        <lei>57VG5X0E00X0QJU7CQ58</lei>
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        <name>AptarGroup, Inc.</name>
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        <name>YETI Holdings, Inc.</name>
        <lei>549300DSQICIGNT5GO63</lei>
        <title>YETI Holdings, Inc.</title>
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        <name>Casey's General Stores, Inc.</name>
        <lei>549300CAFWSI86V66Q65</lei>
        <title>Casey's General Stores, Inc.</title>
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        <name>First Industrial Realty Trust, Inc.</name>
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        <name>Silicon Laboratories, Inc.</name>
        <lei>4PRDF8Q9TDHRVZKZSZ47</lei>
        <title>Silicon Laboratories, Inc.</title>
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      <invstOrSec>
        <name>CNX Resources Corp.</name>
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        <name>Axalta Coating Systems Ltd.</name>
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        <name>Manhattan Associates, Inc.</name>
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        <name>International Bancshares Corp.</name>
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        <name>Allegro MicroSystems, Inc.</name>
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        <name>Appfolio, Inc.</name>
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        <name>RenaissanceRe Holdings Ltd.</name>
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        <name>Independence Realty Trust, Inc.</name>
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        <name>Wingstop, Inc.</name>
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        <name>RPM International, Inc.</name>
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        <name>Vontier Corp.</name>
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        <title>Vontier Corp.</title>
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        <name>Core &amp; Main, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Viper Energy, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Cullen/Frost Bankers, Inc.</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Pure Storage, Inc.</name>
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          <isin value="US74624M1027"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Somnigroup International, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Wyndham Hotels &amp; Resorts, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Western Alliance Bancorp</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Park Hotels &amp; Resorts, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Masimo Corp.</name>
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        <title>Masimo Corp.</title>
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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>Duolingo, Inc.</name>
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          <isin value="US26603R1068"/>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Guidewire Software, Inc.</name>
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        <title>Guidewire Software, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Trex Co., 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>MACOM Technology Solutions Holdings, Inc.</name>
        <lei>N/A</lei>
        <title>MACOM Technology Solutions Holdings, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Janus Henderson Group plc</name>
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      <invstOrSec>
        <name>XPO, Inc.</name>
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        <name>Novanta, Inc.</name>
        <lei>N/A</lei>
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        <name>EchoStar Corp.</name>
        <lei>549300EE20907QZ9GT38</lei>
        <title>EchoStar Corp., Class A</title>
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        <name>Onto Innovation, Inc.</name>
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        <name>Commerce Bancshares, Inc.</name>
        <lei>N/A</lei>
        <title>Commerce Bancshares, Inc.</title>
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      <invstOrSec>
        <name>ChampionX Corp.</name>
        <lei>549300EP2909K6DYYP38</lei>
        <title>ChampionX Corp.</title>
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        <name>American Financial Group, Inc.</name>
        <lei>549300AFOM7IVKIU1G39</lei>
        <title>American Financial Group, Inc.</title>
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      <invstOrSec>
        <name>Belden, Inc.</name>
        <lei>68BKYO1JC791TTJHUE82</lei>
        <title>Belden, Inc.</title>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Dick's Sporting Goods, Inc.</name>
        <lei>529900SSBV5I4LWSK313</lei>
        <title>Dick's Sporting Goods, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Ryan Specialty Holdings, Inc.</name>
        <lei>N/A</lei>
        <title>Ryan Specialty Holdings, Inc., Class A</title>
        <cusip>78351F107</cusip>
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        <name>Wendy's Co. (The)</name>
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        <name>Lancaster Colony Corp.</name>
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        <name>BlackRock Funds III</name>
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        <name>Blackbaud, Inc.</name>
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        <name>Donaldson Co., Inc.</name>
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        <name>Affiliated Managers Group, Inc.</name>
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        <name>N/A</name>
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        <name>Hyatt Hotels Corp.</name>
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        <name>New York Times Co. (The)</name>
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        <name>MasTec, Inc.</name>
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        <name>Woodward, Inc.</name>
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      <invstOrSec>
        <name>Rambus, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Scotts Miracle-Gro Co. (The)</name>
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      <invstOrSec>
        <name>Flowserve Corp.</name>
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      <invstOrSec>
        <name>Home BancShares, Inc.</name>
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        <name>Vail Resorts, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Brixmor Property Group, Inc.</name>
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        <name>Burlington Stores, Inc.</name>
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        <name>EMCOR Group, Inc.</name>
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        <name>SLM Corp.</name>
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        <name>Chewy, Inc.</name>
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        <name>Lamar Advertising Co.</name>
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        <name>National Storage Affiliates Trust</name>
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        <name>Valaris Ltd.</name>
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        <name>H&amp;R Block, Inc.</name>
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        <name>Service Corp. International</name>
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        <name>Sotera Health Co.</name>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="1637064.00000000"/>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>

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

      <explntrNote note="IJK-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 of 40 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="IJK-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 40 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="IBORs are undergoing a change as regulators and industry groups have recommended that firms consider adoption of alternative, overnight risk-free rates (RFRs). Floating rate swap terms reflected as Libors may be using the RFR to calculate the actual rate." noteItem="C.11.f.i.2"/>
      <explntrNote note="IJK-HSC (HSBC Bank plc): 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 40 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"/>


    </explntrNotes>
    <signature>
      <ncom:dateSigned>2025-03-31</ncom:dateSigned>
      <ncom:nameOfApplicant>iShares Trust</ncom:nameOfApplicant>
      <ncom:signature>Chuck Pulsfort</ncom:signature>
      <ncom:signerName>Chuck Pulsfort</ncom:signerName>
      <ncom:title>Assistant Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
