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        <name>Hancock Whitney Corp.</name>
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        <name>Ingredion, Inc.</name>
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        <name>Autoliv, Inc.</name>
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        <name>OGE Energy Corp.</name>
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        <name>Warner Music Group Corp.</name>
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        <name>Gentex Corp.</name>
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        <name>BioMarin Pharmaceutical, Inc.</name>
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        <name>Equity LifeStyle Properties, Inc.</name>
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        <name>New Jersey Resources Corp.</name>
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        <name>EPR Properties</name>
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        <name>Flowers Foods, Inc.</name>
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        <name>Timken Co. (The)</name>
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        <name>Haemonetics Corp.</name>
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        <name>AECOM</name>
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        <name>Lattice Semiconductor Corp.</name>
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        <name>Fluor Corp.</name>
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        <name>American Homes 4 Rent</name>
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        <name>EastGroup Properties, Inc.</name>
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        <name>Middleby Corp. (The)</name>
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        <name>Taylor Morrison Home Corp.</name>
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        <name>Ormat Technologies, Inc.</name>
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        <name>Watts Water Technologies, Inc.</name>
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        <name>KB Home</name>
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        <name>Range Resources Corp.</name>
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        <name>Under Armour, Inc.</name>
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        <name>ALLETE, Inc.</name>
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        <name>US Foods Holding Corp.</name>
        <lei>549300UGOZSO64CFPR97</lei>
        <title>US Foods Holding Corp.</title>
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        <name>Chord Energy Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Aramark</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Bruker Corp.</name>
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        <name>Brink's Co. (The)</name>
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      <invstOrSec>
        <name>Essent Group Ltd.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>HF Sinclair Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Cytokinetics, Inc.</name>
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        <name>BILL Holdings, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Nexstar Media Group, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Visteon Corp.</name>
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        <name>GATX Corp.</name>
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        <title>GATX Corp.</title>
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        <name>Jones Lang LaSalle, Inc.</name>
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        <name>Illumina, Inc.</name>
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        <title>Illumina, Inc.</title>
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        <name>Comerica, Inc.</name>
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        <name>Pinnacle Financial Partners, Inc.</name>
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        <name>Power Integrations, Inc.</name>
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        <name>Terex Corp.</name>
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        <name>Greif, Inc.</name>
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        <name>United Bankshares, Inc.</name>
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        <name>Maplebear, Inc.</name>
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        <name>Dentsply Sirona, Inc.</name>
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        <name>Old Republic International Corp.</name>
        <lei>549300IV6O2YY2A1KH37</lei>
        <title>Old Republic International Corp.</title>
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        <name>Genpact Ltd.</name>
        <lei>529900OSEC6Q0L4L5B35</lei>
        <title>Genpact Ltd.</title>
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      <invstOrSec>
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        <name>NewMarket Corp.</name>
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        <name>Exponent, Inc.</name>
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        <name>Qualys, Inc.</name>
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        <name>Amkor Technology, Inc.</name>
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        <name>ZoomInfo Technologies, Inc.</name>
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        <name>Performance Food Group Co.</name>
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        <name>Bio-Rad Laboratories, Inc.</name>
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        <name>Universal Display Corp.</name>
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        <name>UMB Financial Corp.</name>
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        <name>Ashland, Inc.</name>
        <lei>529900E4L9R04SB8HB11</lei>
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        <name>Lincoln Electric Holdings, Inc.</name>
        <lei>BIMGBY40SIN95O01BN93</lei>
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        <name>Advanced Drainage Systems, Inc.</name>
        <lei>6QQTOZ5MF5DHM7K92I60</lei>
        <title>Advanced Drainage Systems, Inc.</title>
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        <name>GXO Logistics, Inc.</name>
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        <name>Annaly Capital Management, Inc.</name>
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        <name>Mattel, Inc.</name>
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        <name>Brunswick Corp.</name>
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        <name>UFP Industries, Inc.</name>
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        <name>Darling Ingredients, Inc.</name>
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        <name>Cognex Corp.</name>
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        <title>Cognex Corp.</title>
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        <name>Simpson Manufacturing Co., Inc.</name>
        <lei>529900EJUNNL15LZ8056</lei>
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        <name>Ryder System, Inc.</name>
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      <invstOrSec>
        <name>Royal Gold, Inc.</name>
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        <name>Under Armour, Inc.</name>
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      <invstOrSec>
        <name>TD SYNNEX Corp.</name>
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        <name>Encompass Health Corp.</name>
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        <name>Prosperity Bancshares, Inc.</name>
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        <name>Columbia Sportswear Co.</name>
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        <name>Insperity, Inc.</name>
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        <name>Perrigo Co. plc</name>
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        <name>Gap, Inc. (The)</name>
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        <name>Kilroy Realty Corp.</name>
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        <name>CNO Financial Group, Inc.</name>
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        <name>Littelfuse, Inc.</name>
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        <name>Whirlpool Corp.</name>
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        <name>Five Below, Inc.</name>
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        <name>Graphic Packaging Holding Co.</name>
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        <name>WEX, Inc.</name>
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        <name>Concentrix Corp.</name>
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        <name>Cava Group, Inc.</name>
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        <name>VF Corp.</name>
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        <title>VF Corp.</title>
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        <name>Avis Budget Group, Inc.</name>
        <lei>529900E95812SYWMCE44</lei>
        <title>Avis Budget Group, Inc.</title>
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        <invCountry>US</invCountry>
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        <name>LivaNova plc</name>
        <lei>2138001K2FX6SHK2B339</lei>
        <title>LivaNova plc</title>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Sonoco Products Co.</name>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Chemed Corp.</name>
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        <title>Chemed Corp.</title>
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        <balance>45556.00000000</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>Associated Banc-Corp.</name>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Murphy Oil Corp.</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>Marriott Vacations Worldwide Corp.</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>Federated Hermes, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Ollie's Bargain Outlet Holdings, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SouthState Corp.</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>Black Hills Corp.</name>
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        <title>Black Hills Corp.</title>
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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>Antero Resources Corp.</name>
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        <title>Antero Resources Corp.</title>
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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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      <invstOrSec>
        <name>Synovus Financial Corp.</name>
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        <name>Macy's, Inc.</name>
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        <name>Perrigo Co. plc</name>
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        <invCountry>IE</invCountry>

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        <fairValLevel>1</fairValLevel>
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        <name>Cadence Bank</name>
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        <title>Cadence Bank</title>
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      <invstOrSec>
        <name>Antero Midstream Corp.</name>
        <lei>N/A</lei>
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        <name>BellRing Brands, Inc.</name>
        <lei>549300S3BOK5CMTS8054</lei>
        <title>BellRing Brands, Inc.</title>
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        <name>Matador Resources Co.</name>
        <lei>549300CI3Q2UUK5R4G79</lei>
        <title>Matador Resources Co.</title>
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        <name>Goodyear Tire &amp; Rubber Co. (The)</name>
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        <name>KBR, Inc.</name>
        <lei>254900OFQDXZRKRCV808</lei>
        <title>KBR, Inc.</title>
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        <invCountry>US</invCountry>
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        <name>AptarGroup, Inc.</name>
        <lei>VNPEQDQFAA7IY1T2PX43</lei>
        <title>AptarGroup, Inc.</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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        <name>Cleveland-Cliffs, Inc.</name>
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        <name>Casey's General Stores, Inc.</name>
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      <invstOrSec>
        <name>First Industrial Realty Trust, Inc.</name>
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        <name>Oshkosh Corp.</name>
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        <name>Silicon Laboratories, Inc.</name>
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        <name>MSA Safety, Inc.</name>
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        <name>Axalta Coating Systems Ltd.</name>
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        <name>Ciena Corp.</name>
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        <name>NOV, Inc.</name>
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        <name>AGCO Corp.</name>
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        <name>Post Holdings, Inc.</name>
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        <name>Flagstar Financial, Inc.</name>
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        <name>Sabra Health Care REIT, Inc.</name>
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        <name>Penumbra, Inc.</name>
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        <name>Rexford Industrial Realty, Inc.</name>
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        <name>Synaptics, 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>TXNM Energy, Inc.</name>
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        <name>Independence Realty Trust, Inc.</name>
        <lei>549300Z3L8NU44NQEB29</lei>
        <title>Independence Realty Trust, Inc.</title>
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        <name>RPM International, Inc.</name>
        <lei>549300TJCKW4BRXPJ474</lei>
        <title>RPM International, Inc.</title>
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      <invstOrSec>
        <name>MKS Instruments, Inc.</name>
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      <invstOrSec>
        <name>Vontier Corp.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Commercial Metals Co.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Flex Ltd.</name>
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        <invCountry>SG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Core &amp; Main, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Cullen/Frost Bankers, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Somnigroup International, Inc.</name>
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        <name>MSC Industrial Direct Co., Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Park Hotels &amp; Resorts, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Reliance, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Westlake Corp.</name>
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        <title>Westlake Corp.</title>
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        <name>Trex Co., Inc.</name>
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        <name>Science Applications International Corp.</name>
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        <name>Janus Henderson Group plc</name>
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      <invstOrSec>
        <name>Olin Corp.</name>
        <lei>549300GKK294V7W57P06</lei>
        <title>Olin Corp.</title>
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        <name>XPO, Inc.</name>
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        <name>Penske Automotive Group, Inc.</name>
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        <name>Spire, Inc.</name>
        <lei>549300NXSY15DRY2R511</lei>
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        <name>Thor Industries, Inc.</name>
        <lei>254900XZO1228PDSG060</lei>
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        <name>BlackRock Funds III</name>
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        <name>Nordstrom, Inc.</name>
        <lei>549300S3IZB5P35KNV16</lei>
        <title>Nordstrom, Inc.</title>
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        <name>Lear Corp.</name>
        <lei>549300UPNBTXA1SYTQ33</lei>
        <title>Lear Corp.</title>
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        <name>Novanta, Inc.</name>
        <lei>N/A</lei>
        <title>Novanta, Inc.</title>
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        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>EchoStar Corp.</name>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Onto Innovation, Inc.</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Commerce Bancshares, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ChampionX Corp.</name>
        <lei>549300EP2909K6DYYP38</lei>
        <title>ChampionX Corp.</title>
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          <isin value="US15872M1045"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PBF Energy, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>American Financial Group, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Dick's Sporting Goods, Inc.</name>
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        <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>First American Financial Corp.</name>
        <lei>549300B6VEZK3N0A1P55</lei>
        <title>First American Financial Corp.</title>
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          <isin value="US31847R1023"/>
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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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        <name>CNH Industrial NV</name>
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        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Boston Beer Co., Inc. (The)</name>
        <lei>529900Q02MQ0DCQNRM58</lei>
        <title>Boston Beer Co., Inc. (The), Class A</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Western Union Co. (The)</name>
        <lei>28ID94QU1140NC23S047</lei>
        <title>Western Union Co. (The)</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>First Financial Bankshares, Inc.</name>
        <lei>549300XN3GTGOENGNV49</lei>
        <title>First Financial Bankshares, Inc.</title>
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          <isin value="US32020R1095"/>
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        <fairValLevel>1</fairValLevel>
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        <name>NNN REIT, Inc.</name>
        <lei>5493008JKH5SOTI0JS97</lei>
        <title>NNN REIT, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Kite Realty Group Trust</name>
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      <invstOrSec>
        <name>AutoNation, Inc.</name>
        <lei>N/A</lei>
        <title>AutoNation, Inc.</title>
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      <invstOrSec>
        <name>N/A</name>
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        <title>S&amp;P Midcap 400 E-Mini Index</title>
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      <invstOrSec>
        <name>Columbia Banking System, Inc.</name>
        <lei>N/A</lei>
        <title>Columbia Banking System, Inc.</title>
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      <invstOrSec>
        <name>Alcoa Corp.</name>
        <lei>549300T12EZ1F6PWWU29</lei>
        <title>Alcoa Corp.</title>
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        <name>Avnet, Inc.</name>
        <lei>XJI53DCPL7QABOWK4Z75</lei>
        <title>Avnet, Inc.</title>
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        <name>Selective Insurance Group, Inc.</name>
        <lei>549300R3WGJWLE40R258</lei>
        <title>Selective Insurance Group, Inc.</title>
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        <name>Avantor, Inc.</name>
        <lei>N/A</lei>
        <title>Avantor, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Graco, Inc.</name>
        <lei>4T5VJ4S81BRT6Q7GGT78</lei>
        <title>Graco, Inc.</title>
        <cusip>384109104</cusip>
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          <isin value="US3841091040"/>
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      <invstOrSec>
        <name>ManpowerGroup, Inc.</name>
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      <invstOrSec>
        <name>Hexcel Corp.</name>
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      <invstOrSec>
        <name>First Horizon Corp.</name>
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        <name>Rayonier, Inc.</name>
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        <name>Celsius Holdings, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Lithia Motors, Inc.</name>
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        <name>ITT, Inc.</name>
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        <title>ITT, Inc.</title>
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        <name>Texas Capital Bancshares, Inc.</name>
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        <name>Maximus, Inc.</name>
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        <name>Boyd Gaming Corp.</name>
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        <name>SEI Investments Co.</name>
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        <name>Healthcare Realty Trust, Inc.</name>
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        <name>Unum Group</name>
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        <name>Wendy's Co. (The)</name>
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        <name>Lancaster Colony Corp.</name>
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        <name>Vornado Realty Trust</name>
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        <name>BlackRock Funds III</name>
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        <name>Arrow Electronics, Inc.</name>
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        <name>United States Steel Corp.</name>
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        <name>Reinsurance Group of America, Inc.</name>
        <lei>LORM1GNEU1DKEW527V90</lei>
        <title>Reinsurance Group of America, Inc.</title>
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        <name>Blackbaud, Inc.</name>
        <lei>54930056X3HKFMNG3754</lei>
        <title>Blackbaud, Inc.</title>
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        <name>Donaldson Co., Inc.</name>
        <lei>OZE6KXY9QQPR8EJ8WL20</lei>
        <title>Donaldson Co., Inc.</title>
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        <name>WESCO International, Inc.</name>
        <lei>529900TXOGREY3WNJ434</lei>
        <title>WESCO International, Inc.</title>
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        <name>FNB Corp.</name>
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        <name>N/A</name>
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        <name>IDACORP, Inc.</name>
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        <name>Southwest Gas Holdings, Inc.</name>
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        <name>RH</name>
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        <title>RH</title>
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        <name>EnerSys</name>
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        <name>Essential Utilities, Inc.</name>
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        <name>CACI International, Inc.</name>
        <lei>SYRPI2D1O9WRTS2WX210</lei>
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        <name>Euronet Worldwide, Inc.</name>
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        <name>Voya Financial, Inc.</name>
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        <name>Brighthouse Financial, Inc.</name>
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        <name>PVH Corp.</name>
        <lei>123WALMHY1GZXG2YDL90</lei>
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        <name>Toro Co. (The)</name>
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        <name>Portland General Electric Co.</name>
        <lei>GJOUP9M7C39GLSK9R870</lei>
        <title>Portland General Electric Co.</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ONE Gas, Inc.</name>
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        <title>ONE Gas, Inc.</title>
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          <isin value="US68235P1084"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Crane Co.</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>Bath &amp; Body Works, 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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        <name>N/A</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <swapDeriv derivCat="SWP">
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              <counterpartyName>JPMorgan Chase Bank N.A.</counterpartyName>
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      <invstOrSec>
        <name>Silgan Holdings, Inc.</name>
        <lei>KAF673KJXD92C8KSLU49</lei>
        <title>Silgan Holdings, Inc.</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>Carlyle Group, Inc. (The)</name>
        <lei>529900NGGVF94UK6PG95</lei>
        <title>Carlyle Group, Inc. (The)</title>
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          <isin value="US14316J1088"/>
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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>New York Times Co. (The)</name>
        <lei>529900J1WEMMIW7BOH57</lei>
        <title>New York Times Co. (The), Class A</title>
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          <isin value="US6501111073"/>
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        <balance>422536.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Civitas Resources, Inc.</name>
        <lei>IIVIHPH28S64K95M2381</lei>
        <title>Civitas Resources, Inc.</title>
        <cusip>17888H103</cusip>
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          <isin value="US17888H1032"/>
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        <balance>499848.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Webster Financial Corp.</name>
        <lei>KMRURHT0VWKYS6Z5KU67</lei>
        <title>Webster Financial Corp.</title>
        <cusip>947890109</cusip>
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          <isin value="US9478901096"/>
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        <balance>964820.00000000</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>Amedisys, Inc.</name>
        <lei>5299001RBS9GK9STN379</lei>
        <title>Amedisys, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Fortune Brands Innovations, Inc.</name>
        <lei>54930032LHW54PQUJD44</lei>
        <title>Fortune Brands Innovations, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Scotts Miracle-Gro Co. (The)</name>
        <lei>2TH9E0JTOUXOEGI2R879</lei>
        <title>Scotts Miracle-Gro Co. (The)</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Avient Corp.</name>
        <lei>SM8L9RZYIB34LNTWO040</lei>
        <title>Avient Corp.</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Valley National Bancorp</name>
        <lei>549300ET52S1UBIB9762</lei>
        <title>Valley National Bancorp</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Flowserve Corp.</name>
        <lei>6Y0GK87T6V7NJKZJVM41</lei>
        <title>Flowserve Corp.</title>
        <cusip>34354P105</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Berry Global Group, Inc.</name>
        <lei>549300G6KKUMMXM8NH73</lei>
        <title>Berry Global Group, Inc.</title>
        <cusip>08579W103</cusip>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Home BancShares, Inc.</name>
        <lei>N/A</lei>
        <title>Home BancShares, Inc.</title>
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        <name>Vail Resorts, Inc.</name>
        <lei>529900PSZHRNU9HKH870</lei>
        <title>Vail Resorts, Inc.</title>
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        <name>Brixmor Property Group, Inc.</name>
        <lei>5299007UXW6Y0W2EGZ95</lei>
        <title>Brixmor Property Group, Inc.</title>
        <cusip>11120U105</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>National Fuel Gas Co.</name>
        <lei>8JB38FFW1Y3C1HM8E841</lei>
        <title>National Fuel Gas Co.</title>
        <cusip>636180101</cusip>
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        <balance>509744.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sensata Technologies Holding plc</name>
        <lei>529900MS7KFYCY9MS037</lei>
        <title>Sensata Technologies Holding plc</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BFMBMT84"/>
          <other otherDesc="Inhouse Asset ID" value="SBFMBMT84"/>
        </identifiers>
        <balance>841968.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>20434563.36000000</valUSD>
        <pctVal>0.265806689097</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Lamar Advertising Co.</name>
        <lei>529900Y8WW4MKVPTB543</lei>
        <title>Lamar Advertising Co., Class A</title>
        <cusip>512816109</cusip>
        <identifiers>
          <isin value="US5128161099"/>
          <other otherDesc="Inhouse Asset ID" value="512816109"/>
        </identifiers>
        <balance>183153.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>20839148.34000000</valUSD>
        <pctVal>0.271069409523</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>Skechers USA, Inc.</name>
        <lei>529900D2R54KZPA4XR56</lei>
        <title>Skechers USA, Inc., Class A</title>
        <cusip>830566105</cusip>
        <identifiers>
          <isin value="US8305661055"/>
          <other otherDesc="Inhouse Asset ID" value="830566105"/>
        </identifiers>
        <balance>740797.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>42062453.66000000</valUSD>
        <pctVal>0.547135818158</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>Envista Holdings Corp.</name>
        <lei>549300BX623VURJZ5269</lei>
        <title>Envista Holdings Corp.</title>
        <cusip>29415F104</cusip>
        <identifiers>
          <isin value="US29415F1049"/>
          <other otherDesc="Inhouse Asset ID" value="29415F104"/>
        </identifiers>
        <balance>969318.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>16730428.68000000</valUSD>
        <pctVal>0.217624412925</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>Graham Holdings Co.</name>
        <lei>529900BOSCEEEMAFQJ29</lei>
        <title>Graham Holdings Co., Class B</title>
        <cusip>384637104</cusip>
        <identifiers>
          <isin value="US3846371041"/>
          <other otherDesc="Inhouse Asset ID" value="384637104"/>
        </identifiers>
        <balance>18966.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>18223670.76000000</valUSD>
        <pctVal>0.237048059338</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>Service Corp. International</name>
        <lei>549300RKVM2ME20JHZ15</lei>
        <title>Service Corp. International</title>
        <cusip>817565104</cusip>
        <identifiers>
          <isin value="US8175651046"/>
          <other otherDesc="Inhouse Asset ID" value="817565104"/>
        </identifiers>
        <balance>316620.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>25392924.00000000</valUSD>
        <pctVal>0.330303561472</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>Valmont Industries, Inc.</name>
        <lei>5493009ZGZJJ8F77JN08</lei>
        <title>Valmont Industries, Inc.</title>
        <cusip>920253101</cusip>
        <identifiers>
          <isin value="US9202531011"/>
          <other otherDesc="Inhouse Asset ID" value="920253101"/>
        </identifiers>
        <balance>30445.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8688089.65000000</valUSD>
        <pctVal>0.113012071937</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>Coty, Inc.</name>
        <lei>549300BO9IWPF3S48F93</lei>
        <title>Coty, Inc., Class A</title>
        <cusip>222070203</cusip>
        <identifiers>
          <isin value="US2220702037"/>
          <other otherDesc="Inhouse Asset ID" value="222070203"/>
        </identifiers>
        <balance>2061694.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>11277466.18000000</valUSD>
        <pctVal>0.146693907469</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>Jefferies Financial Group, Inc.</name>
        <lei>549300HOF34RGOJ5YL07</lei>
        <title>Jefferies Financial Group, Inc.</title>
        <cusip>47233W109</cusip>
        <identifiers>
          <isin value="US47233W1099"/>
          <other otherDesc="Inhouse Asset ID" value="47233W109"/>
        </identifiers>
        <balance>430782.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>23076991.74000000</valUSD>
        <pctVal>0.300178607229</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>Iridium Communications, Inc.</name>
        <lei>549300U620NVQ4J1CT96</lei>
        <title>Iridium Communications, Inc.</title>
        <cusip>46269C102</cusip>
        <identifiers>
          <isin value="US46269C1027"/>
          <other otherDesc="Inhouse Asset ID" value="46269C102"/>
        </identifiers>
        <balance>312478.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8536898.96000000</valUSD>
        <pctVal>0.111045428656</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>Cabot Corp.</name>
        <lei>K05C0SER542GQ6VLRO68</lei>
        <title>Cabot Corp.</title>
        <cusip>127055101</cusip>
        <identifiers>
          <isin value="US1270551013"/>
          <other otherDesc="Inhouse Asset ID" value="127055101"/>
        </identifiers>
        <balance>134492.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>11181664.88000000</valUSD>
        <pctVal>0.145447752809</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>Kemper Corp.</name>
        <lei>549300FNI1JKTRY2PV09</lei>
        <title>Kemper Corp.</title>
        <cusip>488401100</cusip>
        <identifiers>
          <isin value="US4884011002"/>
          <other otherDesc="Inhouse Asset ID" value="488401100"/>
        </identifiers>
        <balance>338142.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>22604792.70000000</valUSD>
        <pctVal>0.294036383331</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>FTI Consulting, Inc.</name>
        <lei>549300K17GM8EQD0FQ48</lei>
        <title>FTI Consulting, Inc.</title>
        <cusip>302941109</cusip>
        <identifiers>
          <isin value="US3029411093"/>
          <other otherDesc="Inhouse Asset ID" value="302941109"/>
        </identifiers>
        <balance>198846.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>32626651.68000000</valUSD>
        <pctVal>0.424397727840</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>PotlatchDeltic Corp.</name>
        <lei>54930084YA8UJOTXDM59</lei>
        <title>PotlatchDeltic Corp.</title>
        <cusip>737630103</cusip>
        <identifiers>
          <isin value="US7376301039"/>
          <other otherDesc="Inhouse Asset ID" value="737630103"/>
        </identifiers>
        <balance>403612.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>18210973.44000000</valUSD>
        <pctVal>0.236882896397</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>Sotera Health Co.</name>
        <lei>N/A</lei>
        <title>Sotera Health Co.</title>
        <cusip>83601L102</cusip>
        <identifiers>
          <isin value="US83601L1026"/>
          <other otherDesc="Inhouse Asset ID" value="83601L102"/>
        </identifiers>
        <balance>461113.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5376577.58000000</valUSD>
        <pctVal>0.069936913260</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="428878.12000000"/>
        </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="IJJ-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"/>
      <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="IJJ-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="IJJ-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"/>
    </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>
