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        <name>TSS, Inc.</name>
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        <name>Radius Recycling, Inc.</name>
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        <name>Neurogene, Inc.</name>
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        <name>US Goldmining, Inc.</name>
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        <name>Oncology Institute, Inc. (The)</name>
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        <name>Oak Valley Bancorp</name>
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        <name>Richtech Robotics, Inc.</name>
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        <name>Enliven Therapeutics, Inc.</name>
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        <name>American Realty Investors, Inc.</name>
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        <name>Biote Corp.</name>
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        <name>West BanCorp, Inc.</name>
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        <name>Holley, Inc.</name>
        <lei>254900EEM9JI9G1A4D88</lei>
        <title>Holley, Inc.</title>
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        <name>Timberland Bancorp, Inc.</name>
        <lei>N/A</lei>
        <title>Timberland Bancorp, Inc.</title>
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        <name>Old Market Capital Corp.</name>
        <lei>N/A</lei>
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        <name>RF Industries Ltd.</name>
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        <name>Seven Hills Realty Trust</name>
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        <name>Outset Medical, Inc.</name>
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      <invstOrSec>
        <name>LINKBANCORP, Inc.</name>
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        <name>Passage Bio, Inc.</name>
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        <name>NewtekOne, Inc.</name>
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        <name>US Energy Corp.</name>
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        <name>FuelCell Energy, Inc.</name>
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        <name>Solid Biosciences, Inc.</name>
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        <title>Solid Biosciences, Inc.</title>
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        <name>Solesence, Inc.</name>
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        <name>Equity Bancshares, Inc.</name>
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        <title>Equity Bancshares, Inc., Class A</title>
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        <name>Silvaco Group, Inc.</name>
        <lei>89450009UUSWTJL6DP68</lei>
        <title>Silvaco Group, Inc.</title>
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        <name>Southern First Bancshares, Inc.</name>
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        <name>Cerus Corp.</name>
        <lei>254900BIEY9XIDA04Q21</lei>
        <title>Cerus Corp.</title>
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      <invstOrSec>
        <name>Universal Logistics Holdings, Inc.</name>
        <lei>N/A</lei>
        <title>Universal Logistics Holdings, Inc.</title>
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        <invCountry>US</invCountry>
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        <name>Koppers Holdings, Inc.</name>
        <lei>N/A</lei>
        <title>Koppers Holdings, Inc.</title>
        <cusip>50060P106</cusip>
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        <name>Rimini Street, Inc.</name>
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        <name>Ethan Allen Interiors, Inc.</name>
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        <name>Massimo Group</name>
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        <name>Lyra Therapeutics, Inc.</name>
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        <name>Intrepid Potash, Inc.</name>
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        <name>Daktronics, Inc.</name>
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        <name>Tango Therapeutics, Inc.</name>
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        <name>Ares Commercial Real Estate Corp.</name>
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        <name>Aviat Networks, Inc.</name>
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        <name>Neuronetics, Inc.</name>
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        <name>Greene County Bancorp, Inc.</name>
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      <invstOrSec>
        <name>inTEST Corp.</name>
        <lei>549300RJJBPHDOAVDU15</lei>
        <title>inTEST Corp.</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>4D Molecular Therapeutics, Inc.</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Savara, Inc.</name>
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        <title>Savara, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>TrueCar, Inc.</name>
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        <title>TrueCar, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Climb Global Solutions, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Home Federal Bancorp, Inc. of Louisiana</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>aka Brands Holding Corp.</name>
        <lei>N/A</lei>
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          <isin value="US00152K2006"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Intellicheck, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SpartanNash Co.</name>
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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>Stoke Therapeutics, Inc.</name>
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          <isin value="US86150R1077"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Citizens, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>HarborOne Bancorp, Inc.</name>
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      <invstOrSec>
        <name>SANUWAVE Health, Inc.</name>
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      <invstOrSec>
        <name>Great Lakes Dredge &amp; Dock Corp.</name>
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        <title>Great Lakes Dredge &amp; Dock Corp.</title>
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      <invstOrSec>
        <name>Generation Bio Co.</name>
        <lei>N/A</lei>
        <title>Generation Bio Co.</title>
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      <invstOrSec>
        <name>Landmark Bancorp, Inc.</name>
        <lei>N/A</lei>
        <title>Landmark Bancorp, Inc.</title>
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      <invstOrSec>
        <name>908 Devices, Inc.</name>
        <lei>N/A</lei>
        <title>908 Devices, Inc.</title>
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        <name>Lexeo Therapeutics, Inc.</name>
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        <name>MAIA Biotechnology, Inc.</name>
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        <name>Bakkt Holdings, Inc.</name>
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        <name>Hyliion Holdings Corp.</name>
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        <name>Xperi, Inc.</name>
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      <invstOrSec>
        <name>Invivyd, Inc.</name>
        <lei>N/A</lei>
        <title>Invivyd, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Boston Omaha Corp.</name>
        <lei>54930002FEWTYF4YFF19</lei>
        <title>Boston Omaha Corp., Class A</title>
        <cusip>101044105</cusip>
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        <name>Camden National Corp.</name>
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        <name>Mammoth Energy Services, Inc.</name>
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        <name>Rein Therapeutics, Inc.</name>
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        <name>WM Technology, Inc.</name>
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        <name>First National Corp.</name>
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        <title>First National Corp.</title>
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        <name>Vuzix Corp.</name>
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        <name>Alumis, Inc.</name>
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        <name>MIND Technology, Inc.</name>
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      <invstOrSec>
        <name>Beyond, Inc.</name>
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        <name>Mega Matrix, Inc.</name>
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      <invstOrSec>
        <name>Maxeon Solar Technologies Ltd.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Manhattan Bridge Capital, Inc.</name>
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      <invstOrSec>
        <name>Quantum-Si, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>America's Car-Mart, Inc.</name>
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      <invstOrSec>
        <name>Universal Health Realty Income Trust</name>
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        <title>Universal Health Realty Income Trust</title>
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          <isin value="US91359E1055"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Financial Institutions, Inc.</name>
        <lei>N/A</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>First Bank</name>
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        <title>First Bank</title>
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          <isin value="US31931U1025"/>
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        <balance>48704.00000000</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>Contango ORE, Inc.</name>
        <lei>254900PFYX4KDRISX581</lei>
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        <balance>19206.00000000</balance>
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      <invstOrSec>
        <name>Blue Ridge Bankshares, Inc.</name>
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        <name>Gannett Co., Inc.</name>
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        <title>Gannett Co., Inc.</title>
        <cusip>36472T109</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Wrap Technologies, Inc.</name>
        <lei>N/A</lei>
        <title>Wrap Technologies, Inc.</title>
        <cusip>98212N107</cusip>
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          <isin value="US98212N1072"/>
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        <balance>77353.00000000</balance>
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        <fairValLevel>1</fairValLevel>
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        <name>Solid Power, Inc.</name>
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        <name>Sterling Bancorp, Inc.</name>
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        <name>89bio, Inc.</name>
        <lei>N/A</lei>
        <title>89bio, Inc.</title>
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          <isin value="US2825591033"/>
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        <invCountry>US</invCountry>
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        <name>Utah Medical Products, Inc.</name>
        <lei>5493002R27BBGV8DID60</lei>
        <title>Utah Medical Products, Inc.</title>
        <cusip>917488108</cusip>
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        <balance>7002.00000000</balance>
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        <name>Hycroft Mining Holding Corp.</name>
        <lei>N/A</lei>
        <title>Hycroft Mining Holding Corp., Class A</title>
        <cusip>44862P208</cusip>
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        <balance>46390.00000000</balance>
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        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>AmpliTech Group, Inc.</name>
        <lei>N/A</lei>
        <title>AmpliTech Group, Inc.</title>
        <cusip>03211Q200</cusip>
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          <isin value="US03211Q2003"/>
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        <balance>37110.00000000</balance>
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        <valUSD>78673.20000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Viemed Healthcare, Inc.</name>
        <lei>N/A</lei>
        <title>Viemed Healthcare, Inc.</title>
        <cusip>92663R105</cusip>
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          <isin value="CA92663R1055"/>
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        <balance>78203.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>540382.73000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Northpointe Bancshares, Inc.</name>
        <lei>549300EYMKMD4WKEKP72</lei>
        <title>Northpointe Bancshares, Inc.</title>
        <cusip>66661N886</cusip>
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      <invstOrSec>
        <name>REX American Resources Corp.</name>
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        <name>Cibus, Inc.</name>
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        <name>California Bancorp</name>
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      <invstOrSec>
        <name>Regional Management Corp.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Arteris, Inc.</name>
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        <name>ADTRAN Holdings, Inc.</name>
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        <name>Amylyx Pharmaceuticals, Inc.</name>
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        <name>Tilly's, Inc.</name>
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      <invstOrSec>
        <name>PAMT Corp.</name>
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        <name>El Pollo Loco Holdings, Inc.</name>
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        <name>SoundThinking, Inc.</name>
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        <name>BlackSky Technology, Inc.</name>
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        <name>Mineralys Therapeutics, Inc.</name>
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        <name>Rockwell Medical, Inc.</name>
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        <name>Westwood Holdings Group, Inc.</name>
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        <name>First Seacoast Bancorp</name>
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        <name>XBP Europe Holdings, Inc.</name>
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        <name>Airgain, Inc.</name>
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        <name>Diversified Healthcare Trust</name>
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        <name>JW Mays, Inc.</name>
        <lei>N/A</lei>
        <title>JW Mays, Inc.</title>
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      <invstOrSec>
        <name>Absci Corp.</name>
        <lei>N/A</lei>
        <title>Absci Corp.</title>
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        <name>Liquidity Services, Inc.</name>
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        <title>Liquidity Services, Inc.</title>
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      <invstOrSec>
        <name>Palvella Therapeutics, Inc.</name>
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        <name>Mastech Digital, Inc.</name>
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      <invstOrSec>
        <name>Aspen Aerogels, Inc.</name>
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        <name>Korro Bio, Inc.</name>
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        <name>Lands' End, Inc.</name>
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        <name>Innodata, Inc.</name>
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        <name>Mesa Air Group, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Immunic, Inc.</name>
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        <title>Immunic, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Century Casinos, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>AstroNova, Inc.</name>
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        <title>AstroNova, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Trinseo plc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Princeton Bancorp, Inc.</name>
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      <invstOrSec>
        <name>Potbelly Corp.</name>
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        <title>Potbelly Corp.</title>
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        <name>Lakeland Industries, Inc.</name>
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        <name>Live Ventures, Inc.</name>
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        <name>FONAR Corp.</name>
        <lei>N/A</lei>
        <title>FONAR Corp.</title>
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        <name>Orchid Island Capital, Inc.</name>
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        <name>Oramed Pharmaceuticals, Inc.</name>
        <lei>5299006K52ZIIGQJ6R84</lei>
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        <name>MediciNova, Inc.</name>
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        <name>Coda Octopus Group, Inc.</name>
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        <name>Genasys, Inc.</name>
        <lei>549300W0ZVKXG9NQ7D23</lei>
        <title>Genasys, Inc.</title>
        <cusip>36872P103</cusip>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Park-Ohio Holdings Corp.</name>
        <lei>N/A</lei>
        <title>Park-Ohio Holdings Corp.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Radiant Logistics, Inc.</name>
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        <title>Radiant Logistics, Inc.</title>
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      <invstOrSec>
        <name>OS Therapies, Inc.</name>
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        <title>OS Therapies, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Grid Dynamics Holdings, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Clearfield, Inc.</name>
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        <title>Clearfield, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Limbach Holdings, Inc.</name>
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        <title>Limbach Holdings, Inc.</title>
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          <isin value="US53263P1057"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Skye Bioscience, Inc.</name>
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        <title>Skye Bioscience, Inc.</title>
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          <isin value="US83086J2006"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Global Self Storage, Inc.</name>
        <lei>N/A</lei>
        <title>Global Self Storage, Inc.</title>
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          <isin value="US37955N1063"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Design Therapeutics, Inc.</name>
        <lei>N/A</lei>
        <title>Design Therapeutics, Inc.</title>
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          <isin value="US25056L1035"/>
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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>Superior Group of Cos., Inc.</name>
        <lei>UOX145EEO0TB0ZWX2152</lei>
        <title>Superior Group of Cos., Inc.</title>
        <cusip>868358102</cusip>
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          <isin value="US8683581024"/>
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        <balance>25207.00000000</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>Aeluma, Inc.</name>
        <lei>N/A</lei>
        <title>Aeluma, Inc.</title>
        <cusip>00776X109</cusip>
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          <isin value="US00776X1090"/>
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        <balance>16030.00000000</balance>
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        <valUSD>262411.10000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>IZEA Worldwide, Inc.</name>
        <lei>549300ZNN8UBT1IUHO61</lei>
        <title>IZEA Worldwide, Inc.</title>
        <cusip>46604H204</cusip>
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          <isin value="US46604H2040"/>
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        <balance>27302.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Optinose, Inc.</name>
        <lei>549300CPBME7Z3CYMN16</lei>
        <title>Optinose, Inc., CVR</title>
        <cusip>684CVR012</cusip>
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          <isin value="US684CVR0124"/>
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        <balance>473.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>283.80000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>OptimumBank Holdings, Inc.</name>
        <lei>N/A</lei>
        <title>OptimumBank Holdings, Inc.</title>
        <cusip>68401P403</cusip>
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          <isin value="US68401P4037"/>
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        <balance>21618.00000000</balance>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Strattec Security Corp.</name>
        <lei>549300Z394OP8S8TSR40</lei>
        <title>Strattec Security Corp.</title>
        <cusip>863111100</cusip>
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          <isin value="US8631111007"/>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Heritage Global, Inc.</name>
        <lei>N/A</lei>
        <title>Heritage Global, Inc.</title>
        <cusip>42727E103</cusip>
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        <balance>69805.00000000</balance>
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      <invstOrSec>
        <name>American Superconductor Corp.</name>
        <lei>549300S9YT8Z8LOK4452</lei>
        <title>American Superconductor Corp.</title>
        <cusip>030111207</cusip>
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        <invCountry>US</invCountry>
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        <name>Bridgewater Bancshares, Inc.</name>
        <lei>5493001FLSBTVILKXZ71</lei>
        <title>Bridgewater Bancshares, Inc.</title>
        <cusip>108621103</cusip>
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          <isin value="US1086211034"/>
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      <invstOrSec>
        <name>Akoya Biosciences, Inc.</name>
        <lei>N/A</lei>
        <title>Akoya Biosciences, Inc.</title>
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        <name>Northfield Bancorp, Inc.</name>
        <lei>N/A</lei>
        <title>Northfield Bancorp, Inc.</title>
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        <name>World Acceptance Corp.</name>
        <lei>N/A</lei>
        <title>World Acceptance Corp.</title>
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        <name>Pangaea Logistics Solutions Ltd.</name>
        <lei>N/A</lei>
        <title>Pangaea Logistics Solutions Ltd.</title>
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        <name>Veru, Inc.</name>
        <lei>529900ER63TFLEIJV631</lei>
        <title>Veru, Inc.</title>
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      <invstOrSec>
        <name>Energy Services of America Corp.</name>
        <lei>N/A</lei>
        <title>Energy Services of America Corp.</title>
        <cusip>29271Q103</cusip>
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      <invstOrSec>
        <name>Titan International, Inc.</name>
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        <title>Titan International, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Pioneer Bancorp, Inc.</name>
        <lei>N/A</lei>
        <title>Pioneer Bancorp, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Fundamental Global, Inc.</name>
        <lei>529900IAONJSUGEMU993</lei>
        <title>Fundamental Global, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Groupon, Inc.</name>
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        <title>Groupon, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>FiscalNote Holdings, Inc.</name>
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          <isin value="US3376551046"/>
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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>Universal Electronics, Inc.</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Angel Oak Mortgage REIT, Inc.</name>
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        <title>Angel Oak Mortgage REIT, 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>Farmers &amp; Merchants Bancorp, Inc.</name>
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        <title>Farmers &amp; Merchants Bancorp, 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>ACRES Commercial Realty Corp.</name>
        <lei>549300RUJWPCMY4JFR46</lei>
        <title>ACRES Commercial Realty Corp.</title>
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          <isin value="US00489Q1022"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Nurix Therapeutics, Inc.</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Clearside Biomedical, Inc.</name>
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        <title>Clearside Biomedical, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Pliant Therapeutics, Inc.</name>
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        <name>Satellogic, Inc.</name>
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        <name>JFB Construction Holdings</name>
        <lei>N/A</lei>
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        <name>Ohio Valley Banc Corp.</name>
        <lei>N/A</lei>
        <title>Ohio Valley Banc Corp.</title>
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        <name>Perma-Pipe International Holdings, Inc.</name>
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        <name>Caribou Biosciences, Inc.</name>
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        <title>Caribou Biosciences, Inc.</title>
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        <name>Comtech Telecommunications Corp.</name>
        <lei>529900FTEZ8MGM0Y8F73</lei>
        <title>Comtech Telecommunications Corp.</title>
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        <name>Phathom Pharmaceuticals, Inc.</name>
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        <name>TETRA Technologies, Inc.</name>
        <lei>549300T5W131705EK832</lei>
        <title>TETRA Technologies, Inc.</title>
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        <name>Century Therapeutics, Inc.</name>
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        <title>Century Therapeutics, Inc.</title>
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        <name>Red Robin Gourmet Burgers, Inc.</name>
        <lei>529900V6NUMBYX34LV46</lei>
        <title>Red Robin Gourmet Burgers, Inc.</title>
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      <invstOrSec>
        <name>Chemung Financial Corp.</name>
        <lei>N/A</lei>
        <title>Chemung Financial Corp.</title>
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      <invstOrSec>
        <name>QCR Holdings, Inc.</name>
        <lei>549300MWKWM7KWJVQO33</lei>
        <title>QCR Holdings, Inc.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Immuneering Corp.</name>
        <lei>N/A</lei>
        <title>Immuneering Corp., Class A</title>
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          <isin value="US45254E1073"/>
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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>GBank Financial Holdings, Inc.</name>
        <lei>9845008U7CD30F9F5754</lei>
        <title>GBank Financial Holdings, Inc.</title>
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          <isin value="US36166F1003"/>
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        <balance>18854.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>First Northwest Bancorp</name>
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        <title>First Northwest Bancorp</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>SEACOR Marine Holdings, Inc.</name>
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        <title>SEACOR Marine Holdings, Inc.</title>
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          <isin value="US78413P1012"/>
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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>Zedge, Inc.</name>
        <lei>549300EDIDRX7NRMGN17</lei>
        <title>Zedge, Inc., Class B</title>
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          <isin value="US98923T1043"/>
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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>Natural Grocers by Vitamin Cottage, Inc.</name>
        <lei>529900P4OTXDGBUS3O87</lei>
        <title>Natural Grocers by Vitamin Cottage, Inc.</title>
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          <isin value="US63888U1088"/>
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        <balance>28655.00000000</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>TuHURA Biosciences, Inc.</name>
        <lei>549300N7OBMRNSOQC133</lei>
        <title>TuHURA Biosciences, Inc.</title>
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          <isin value="US8989201038"/>
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        <balance>51360.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Guaranty Bancshares, Inc.</name>
        <lei>N/A</lei>
        <title>Guaranty Bancshares, Inc.</title>
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          <isin value="US4007641065"/>
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        <balance>20143.00000000</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>Hudson Technologies, Inc.</name>
        <lei>N/A</lei>
        <title>Hudson Technologies, Inc.</title>
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          <isin value="US4441441098"/>
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        <balance>87560.00000000</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>Lantronix, Inc.</name>
        <lei>N/A</lei>
        <title>Lantronix, Inc.</title>
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        <balance>72185.00000000</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>EVI Industries, Inc.</name>
        <lei>549300RU296J63VW0297</lei>
        <title>EVI Industries, Inc.</title>
        <cusip>26929N102</cusip>
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          <isin value="US26929N1028"/>
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        <balance>11542.00000000</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>Capital City Bank Group, Inc.</name>
        <lei>254900NVLVUJQZKTQE82</lei>
        <title>Capital City Bank Group, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Entrada Therapeutics, Inc.</name>
        <lei>N/A</lei>
        <title>Entrada Therapeutics, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Alpha Teknova, Inc.</name>
        <lei>N/A</lei>
        <title>Alpha Teknova, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Open Lending Corp.</name>
        <lei>N/A</lei>
        <title>Open Lending Corp., Class A</title>
        <cusip>68373J104</cusip>
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          <isin value="US68373J1043"/>
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        <name>ReposiTrak, Inc.</name>
        <lei>5299008X1VJFCKZ94E34</lei>
        <title>ReposiTrak, Inc.</title>
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        <name>Lightwave Logic, Inc.</name>
        <lei>N/A</lei>
        <title>Lightwave Logic, Inc.</title>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Benitec Biopharma, Inc.</name>
        <lei>N/A</lei>
        <title>Benitec Biopharma, Inc.</title>
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        <name>Southern Missouri Bancorp, Inc.</name>
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        <title>Southern Missouri Bancorp, Inc.</title>
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        <name>Organogenesis Holdings, Inc.</name>
        <lei>549300RLC2O821TU6941</lei>
        <title>Organogenesis Holdings, Inc., Class A</title>
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        <name>Gladstone Commercial Corp.</name>
        <lei>529900EVVV534W8R0T32</lei>
        <title>Gladstone Commercial Corp.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Phibro Animal Health Corp.</name>
        <lei>549300U24SP4AF2JUX52</lei>
        <title>Phibro Animal Health Corp., Class A</title>
        <cusip>71742Q106</cusip>
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        <assetCat>EC</assetCat>
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        <name>Kewaunee Scientific Corp.</name>
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        <name>Advanced Flower Capital, Inc.</name>
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        <name>Graham Corp.</name>
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        <name>Valhi, Inc.</name>
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        <name>Cantaloupe, Inc.</name>
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        <name>Ironwood Pharmaceuticals, Inc.</name>
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        <name>Seer, Inc.</name>
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        <name>Evolv Technologies Holdings, Inc.</name>
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        <name>Energy Fuels, Inc.</name>
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        <name>National Energy Services Reunited Corp.</name>
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        <name>SandRidge Energy, Inc.</name>
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        <name>Funko, Inc.</name>
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        <name>Myomo, Inc.</name>
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        <name>American Public Education, Inc.</name>
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        <name>TechPrecision Corp.</name>
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        <name>Rayonier Advanced Materials, Inc.</name>
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        <name>Vox Royalty Corp.</name>
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        <name>Inogen, Inc.</name>
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        <name>FitLife Brands, Inc.</name>
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        <name>Transcontinental Realty Investors, Inc.</name>
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        <name>BlackRock Funds III</name>
        <lei>549300JDHS1T46VWOG19</lei>
        <title>BlackRock Cash Funds: Institutional, SL Agency Shares</title>
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        <invCountry>US</invCountry>
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        <name>Werewolf Therapeutics, Inc.</name>
        <lei>N/A</lei>
        <title>Werewolf Therapeutics, Inc.</title>
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        <name>BK Technologies Corp.</name>
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        <name>ClearPoint Neuro, Inc.</name>
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        <name>Applied Digital Corp.</name>
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        <name>N/A</name>
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        <name>Kingstone Cos., Inc.</name>
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        <name>ALT5 Sigma Corp.</name>
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        <name>Skillsoft Corp.</name>
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        <name>Gencor Industries, Inc.</name>
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        <title>Medifast, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Richmond Mutual BanCorp, Inc.</name>
        <lei>N/A</lei>
        <title>Richmond Mutual Bancorp, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Inovio Pharmaceuticals, Inc.</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Dave, Inc.</name>
        <lei>N/A</lei>
        <title>Dave, Inc., Class A</title>
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          <isin value="US23834J2015"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Ames National Corp.</name>
        <lei>N/A</lei>
        <title>Ames National Corp.</title>
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          <isin value="US0310011004"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>AN2 Therapeutics, Inc.</name>
        <lei>N/A</lei>
        <title>AN2 Therapeutics, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Nukkleus, Inc.</name>
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          <isin value="US67054R2031"/>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Rapid Micro Biosystems, Inc.</name>
        <lei>N/A</lei>
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          <isin value="US75340L1044"/>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CompoSecure, Inc.</name>
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        <title>CompoSecure, Inc., Class A</title>
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          <isin value="US20459V1052"/>
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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>Colony Bankcorp, Inc.</name>
        <lei>N/A</lei>
        <title>Colony Bankcorp, Inc.</title>
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          <isin value="US19623P1012"/>
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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>Kodiak Sciences, Inc.</name>
        <lei>254900IXI5NI8C9OQE24</lei>
        <title>Kodiak Sciences, Inc.</title>
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          <isin value="US50015M1099"/>
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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>Rekor Systems, Inc.</name>
        <lei>549300BHH76SEFU1DD95</lei>
        <title>Rekor Systems, Inc.</title>
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          <isin value="US7594191048"/>
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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>MediWound Ltd.</name>
        <lei>549300LJKCS74GRYKF90</lei>
        <title>MediWound Ltd.</title>
        <cusip>N/A</cusip>
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          <isin value="IL0011316309"/>
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        <balance>17404.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>IL</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>loanDepot, Inc.</name>
        <lei>5493003261L42OH8RK59</lei>
        <title>loanDepot, Inc., Class A</title>
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          <isin value="US53946R1068"/>
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        <name>AirSculpt Technologies, Inc.</name>
        <lei>N/A</lei>
        <title>AirSculpt Technologies, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Scilex Holding Co.</name>
        <lei>N/A</lei>
        <title>Scilex Holding Co.</title>
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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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        <name>Genco Shipping &amp; Trading Ltd.</name>
        <lei>5493003MBZ5GU8QHXZ58</lei>
        <title>Genco Shipping &amp; Trading Ltd.</title>
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        <balance>88495.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>MH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>ReElement Technologies Corp.</name>
        <lei>N/A</lei>
        <title>ReElement Technologies Corp.</title>
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        <name>Forrester Research, Inc.</name>
        <lei>549300UUSFXYLJ80Z897</lei>
        <title>Forrester Research, Inc.</title>
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        <name>Zevia PBC</name>
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        <name>Richardson Electronics Ltd.</name>
        <lei>549300GOMBESVM3KKE53</lei>
        <title>Richardson Electronics Ltd.</title>
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        <invCountry>US</invCountry>
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        <name>Smart Sand, Inc.</name>
        <lei>549300JISW1T66DVOK23</lei>
        <title>Smart Sand, Inc.</title>
        <cusip>83191H107</cusip>
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          <isin value="US83191H1077"/>
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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>Amalgamated Financial Corp.</name>
        <lei>254900FMBXF85WQYV433</lei>
        <title>Amalgamated Financial Corp.</title>
        <cusip>022671101</cusip>
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        <balance>52828.00000000</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>
      <invstOrSec>
        <name>Esquire Financial Holdings, Inc.</name>
        <lei>N/A</lei>
        <title>Esquire Financial Holdings, Inc.</title>
        <cusip>29667J101</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>National Research Corp.</name>
        <lei>549300FQIORB6GZCYT15</lei>
        <title>National Research Corp.</title>
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          <isin value="US6373722023"/>
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        <balance>28338.00000000</balance>
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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>Amerant Bancorp, Inc.</name>
        <lei>54930071V6LIG79MTL10</lei>
        <title>Amerant Bancorp, Inc., Class A</title>
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          <isin value="US0235761014"/>
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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>Mistras Group, Inc.</name>
        <lei>5493000CMNXVLND3FU73</lei>
        <title>Mistras Group, Inc.</title>
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          <isin value="US60649T1079"/>
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        <balance>37148.00000000</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>Theravance Biopharma, Inc.</name>
        <lei>5493007VTSXP4Z6MIW52</lei>
        <title>Theravance Biopharma, Inc.</title>
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          <isin value="KYG8807B1068"/>
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        <assetCat>EC</assetCat>
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        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Celcuity, Inc.</name>
        <lei>N/A</lei>
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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>Vera Bradley, Inc.</name>
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        <title>Vera Bradley, Inc.</title>
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          <isin value="US92335C1062"/>
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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>Consensus Cloud Solutions, Inc.</name>
        <lei>N/A</lei>
        <title>Consensus Cloud Solutions, Inc.</title>
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          <isin value="US20848V1052"/>
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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>ON24, Inc.</name>
        <lei>254900S6S9YKYTO9Q964</lei>
        <title>ON24, Inc.</title>
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          <isin value="US68339B1044"/>
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        <balance>83748.00000000</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>Biglari Holdings, Inc.</name>
        <lei>549300GLWWSODF8TM682</lei>
        <title>Biglari Holdings, Inc., Class B</title>
        <cusip>08986R309</cusip>
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          <isin value="US08986R3093"/>
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        <balance>1519.00000000</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>CalciMedica, Inc.</name>
        <lei>N/A</lei>
        <title>CalciMedica, Inc.</title>
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          <isin value="US38942Q2021"/>
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        <balance>2781.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4254.93000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Surrozen, Inc.</name>
        <lei>N/A</lei>
        <title>Surrozen, Inc.</title>
        <cusip>86889P208</cusip>
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          <isin value="US86889P2083"/>
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        <balance>10760.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>96194.40000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Commercial Vehicle Group, Inc.</name>
        <lei>5493006OG8I91X0K7Q22</lei>
        <title>Commercial Vehicle Group, Inc.</title>
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          <isin value="US2026081057"/>
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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>Innovative Solutions and Support, Inc.</name>
        <lei>N/A</lei>
        <title>Innovative Solutions &amp; Support, Inc.</title>
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          <isin value="US45769N1054"/>
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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>Ultralife Corp.</name>
        <lei>529900NVAFLKA00F3U05</lei>
        <title>Ultralife Corp.</title>
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          <isin value="US9038991025"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Roadzen, Inc.</name>
        <lei>N/A</lei>
        <title>Roadzen, Inc.</title>
        <cusip>N/A</cusip>
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          <isin value="VGG7606H1082"/>
          <other otherDesc="Inhouse Asset ID" value="SBMX7K892"/>
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        <balance>71730.00000000</balance>
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        <valUSD>70295.40000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>VG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Reading International, Inc.</name>
        <lei>549300OHQRI7MW2NQU72</lei>
        <title>Reading International, Inc., Class A</title>
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          <isin value="US7554081015"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ModivCare, Inc.</name>
        <lei>549300EFZIFW7F7I0Q28</lei>
        <title>ModivCare, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Carter Bankshares, Inc.</name>
        <lei>N/A</lei>
        <title>Carter Bankshares, Inc.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Giftify, Inc.</name>
        <lei>N/A</lei>
        <title>Giftify, Inc.</title>
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        <name>Pro-Dex, Inc.</name>
        <lei>529900EB2AJA079NT411</lei>
        <title>Pro-Dex, Inc.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Nextdoor Holdings, Inc.</name>
        <lei>N/A</lei>
        <title>Nextdoor Holdings, Inc., Class A</title>
        <cusip>65345M108</cusip>
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          <isin value="US65345M1080"/>
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        <balance>474838.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Bank First Corp.</name>
        <lei>N/A</lei>
        <title>Bank First Corp.</title>
        <cusip>06211J100</cusip>
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          <isin value="US06211J1007"/>
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        <balance>20676.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2432531.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Emerald Holding, Inc.</name>
        <lei>N/A</lei>
        <title>Emerald Holding, Inc.</title>
        <cusip>29103W104</cusip>
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          <isin value="US29103W1045"/>
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        <name>iRadimed Corp.</name>
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        <name>Ooma, Inc.</name>
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        <name>Hyster-Yale, Inc.</name>
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        <name>Community West Bancshares</name>
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      <invstOrSec>
        <name>TrustCo Bank Corp.</name>
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        <name>Contineum Therapeutics, Inc.</name>
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        <name>InfuSystem Holdings, Inc.</name>
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        <name>WaVe Life Sciences Ltd.</name>
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        <name>SmartRent, Inc.</name>
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        <name>Q32 Bio, Inc.</name>
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        <name>Kimball Electronics, Inc.</name>
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        <name>BioAge Labs, Inc.</name>
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        <name>Contra Aduro Biotech I</name>
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        <name>Barrett Business Services, Inc.</name>
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        <name>Riverview Bancorp, Inc.</name>
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        <name>Kelly Services, Inc.</name>
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        <name>ACCO Brands Corp.</name>
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        <name>Cassava Sciences, Inc.</name>
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        <name>Broadway Financial Corp.</name>
        <lei>5299001QZYF6Z5PMM934</lei>
        <title>Broadway Financial Corp.</title>
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      <invstOrSec>
        <name>Turtle Beach Corp.</name>
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      <invstOrSec>
        <name>Columbus McKinnon Corp.</name>
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      <invstOrSec>
        <name>Cardlytics, Inc.</name>
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        <name>Natural Gas Services Group, Inc.</name>
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        <name>Maui Land &amp; Pineapple Co., Inc.</name>
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        <name>WidePoint Corp.</name>
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        <name>Ellington Financial, Inc.</name>
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        <name>Weave Communications, Inc.</name>
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        <name>DLH Holdings Corp.</name>
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        <name>Interface, Inc.</name>
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        <title>Interface, Inc.</title>
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        <name>PodcastOne, Inc.</name>
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        <name>Seaport Entertainment Group, Inc.</name>
        <lei>2549006G3SN205YAST27</lei>
        <title>Seaport Entertainment Group, Inc.</title>
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        <name>ChoiceOne Financial Services, Inc.</name>
        <lei>N/A</lei>
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        <name>Dianthus Therapeutics, Inc.</name>
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        <name>Great Elm Group, Inc.</name>
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        <name>MVB Financial Corp.</name>
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        <title>MVB Financial Corp.</title>
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        <name>Forum Energy Technologies, Inc.</name>
        <lei>549300SF93HLCR1REE27</lei>
        <title>Forum Energy Technologies, Inc.</title>
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        <name>P3 Health Partners, Inc.</name>
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        <name>Praxis Precision Medicines, Inc.</name>
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        <title>Praxis Precision Medicines, Inc.</title>
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      <invstOrSec>
        <name>Burke &amp; Herbert Financial Services Corp.</name>
        <lei>549300OS8C7J7ZWMNL70</lei>
        <title>Burke &amp; Herbert Financial Services Corp.</title>
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        <name>eGain Corp.</name>
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        <name>EW Scripps Co. (The)</name>
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        <name>IF Bancorp, Inc.</name>
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        <name>Sutro Biopharma, Inc.</name>
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        <name>DeFi Development Corp.</name>
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        <name>AMCON Distributing Co.</name>
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        <name>SI-BONE, Inc.</name>
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        <name>AmeriServ Financial, Inc.</name>
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        <name>Sunrise Realty Trust, Inc.</name>
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        <name>Aeva Technologies, Inc.</name>
        <lei>529900EOW3TB2FR95A21</lei>
        <title>Aeva Technologies, Inc.</title>
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        <name>Arcturus Therapeutics Holdings, Inc.</name>
        <lei>N/A</lei>
        <title>Arcturus Therapeutics Holdings, Inc.</title>
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        <name>City Office REIT, Inc.</name>
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      <invstOrSec>
        <name>John Marshall Bancorp, Inc.</name>
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        <name>Bar Harbor Bankshares</name>
        <lei>N/A</lei>
        <title>Bar Harbor Bankshares</title>
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      <invstOrSec>
        <name>HeartBeam, Inc.</name>
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        <name>American Coastal Insurance Corp.</name>
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        <name>Orion Group Holdings, Inc.</name>
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      <invstOrSec>
        <name>Acme United Corp.</name>
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        <name>MarketWise, Inc.</name>
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        <name>Boundless Bio, Inc.</name>
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      <invstOrSec>
        <name>Blue Bird Corp.</name>
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        <title>Blue Bird Corp.</title>
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        <name>Kaltura, Inc.</name>
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        <name>Veritone, Inc.</name>
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        <title>Veritone, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Quanterix Corp.</name>
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        </securityLending>
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        <name>Idaho Strategic Resources, Inc.</name>
        <lei>N/A</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>Orange County Bancorp, Inc.</name>
        <lei>N/A</lei>
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        <name>Cadrenal Therapeutics, Inc.</name>
        <lei>N/A</lei>
        <title>Cadrenal Therapeutics, Inc.</title>
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        <name>Ranger Energy Services, Inc.</name>
        <lei>549300J7RIVGVAN0RE23</lei>
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        <name>Designer Brands, Inc.</name>
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        <name>Fate Therapeutics, Inc.</name>
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        <title>Fate Therapeutics, Inc.</title>
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        <name>Jade Biosciences, Inc.</name>
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        <title>Jade Biosciences, Inc.</title>
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      <invstOrSec>
        <name>LifeMD, Inc.</name>
        <lei>N/A</lei>
        <title>LifeMD, Inc.</title>
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      <invstOrSec>
        <name>Aardvark Therapeutics, Inc.</name>
        <lei>N/A</lei>
        <title>Aardvark Therapeutics, Inc.</title>
        <cusip>002942100</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Urban One, Inc.</name>
        <lei>549300PLGIGPBRQUP240</lei>
        <title>Urban One, Inc., Class D</title>
        <cusip>91705J204</cusip>
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        <name>Medicus Pharma Ltd.</name>
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        <name>Wabash National Corp.</name>
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        </securityLending>
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        <name>PB Bankshares, Inc.</name>
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        <name>Investors Title Co.</name>
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        <name>Castle Biosciences, Inc.</name>
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        <name>Reservoir Media, Inc.</name>
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        <name>Key Tronic Corp.</name>
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        <name>Medallion Financial Corp.</name>
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        <name>Flushing Financial Corp.</name>
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        <name>Cullinan Therapeutics, Inc.</name>
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        <name>PlayAGS, Inc.</name>
        <lei>N/A</lei>
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        <name>Hallador Energy Co.</name>
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        <name>Great Southern Bancorp, Inc.</name>
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        <name>Diamond Hill Investment Group, Inc.</name>
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        <name>Franklin Wireless Corp.</name>
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        <name>Airship AI Holdings, Inc.</name>
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        <name>Harte Hanks, Inc.</name>
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        <name>PetMed Express, Inc.</name>
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        <name>Honest Co., Inc. (The)</name>
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        <name>Shattuck Labs, Inc.</name>
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        <name>OppFi, Inc.</name>
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        <name>Northeast Bank</name>
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        <name>Where Food Comes From, Inc.</name>
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        <name>Bank of Marin Bancorp</name>
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        <name>Caesarstone Ltd.</name>
        <lei>254900MJ7IXAH75VFC61</lei>
        <title>Caesarstone Ltd.</title>
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        <name>Mayville Engineering Co., Inc.</name>
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        <name>Waterstone Financial, Inc.</name>
        <lei>5493002KM21XRC2DCQ02</lei>
        <title>Waterstone Financial, Inc.</title>
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        <name>Flotek Industries, Inc.</name>
        <lei>549300TF60OEK4FPPC44</lei>
        <title>Flotek Industries, Inc.</title>
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      <invstOrSec>
        <name>Beauty Health Co. (The)</name>
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        <name>CEVA, Inc.</name>
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      <invstOrSec>
        <name>Ambac Financial Group, Inc.</name>
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        <name>Astria Therapeutics, Inc.</name>
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        <name>Bright Minds Biosciences, Inc.</name>
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        <name>Winmark Corp.</name>
        <lei>N/A</lei>
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        <name>Independent Bank Corp.</name>
        <lei>N/A</lei>
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        <name>Zspace, Inc.</name>
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        <name>Eventbrite, Inc.</name>
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        <name>United Bancorp, Inc.</name>
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        <name>Fifth District Bancorp, Inc.</name>
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      <invstOrSec>
        <name>Telos Corp.</name>
        <lei>N/A</lei>
        <title>Telos Corp.</title>
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        <name>Cross Country Healthcare, Inc.</name>
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        <name>Codexis, Inc.</name>
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        <name>Astronics Corp.</name>
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        <name>Bolt Biotherapeutics, Inc.</name>
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        <name>Cabaletta Bio, Inc.</name>
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        <name>Insight Molecular Diagnostics, Inc.</name>
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        <name>Clearwater Paper Corp.</name>
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        <title>Clearwater Paper Corp.</title>
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        <name>CuriosityStream, Inc.</name>
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        <name>Playstudios, Inc.</name>
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        <name>Bristow Group, Inc.</name>
        <lei>5493005Q24EN3UC1PV68</lei>
        <title>Bristow Group, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
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        <name>Daily Journal Corp.</name>
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        <name>CS Disco, Inc.</name>
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        <name>Precision Optics Corp., Inc.</name>
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        <name>Duluth Holdings, Inc.</name>
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        <name>Resources Connection, Inc.</name>
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        <name>Kura Sushi USA, Inc.</name>
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        <name>Monogram Technologies, Inc.</name>
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        <name>Chain Bridge Bancorp, Inc.</name>
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        <name>CNB Financial Corp.</name>
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        <name>Dakota Gold Corp.</name>
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        <name>Alerus Financial Corp.</name>
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        <name>Greenlight Capital Re Ltd.</name>
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        <name>York Water Co. (The)</name>
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        <name>Bandwidth, Inc.</name>
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        <name>ArriVent Biopharma, Inc.</name>
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        <name>Luminar Technologies, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>CareDx, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Value Line, Inc.</name>
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        <name>Zura Bio Ltd.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Surmodics, Inc.</name>
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        <name>Microvast Holdings, Inc.</name>
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        <name>Magnera Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Seneca Foods Corp.</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Envela Corp.</name>
        <lei>N/A</lei>
        <title>Envela 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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        <name>Manitowoc Co., Inc. (The)</name>
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        <title>Manitowoc Co., Inc. (The)</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Cooper-Standard Holdings, Inc.</name>
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        <title>Cooper-Standard Holdings, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Tactile Systems Technology, Inc.</name>
        <lei>54930069VDTITHOTKJ98</lei>
        <title>Tactile Systems Technology, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Allient, Inc.</name>
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        <title>Allient, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Coastal Financial Corp.</name>
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        <title>Coastal Financial Corp.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Franklin BSP Realty Trust, Inc.</name>
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        <name>UroGen Pharma Ltd.</name>
        <lei>549300C0YCX7CG2G5D50</lei>
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        <invCountry>IL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Compass Therapeutics, Inc.</name>
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        <name>Universal Insurance Holdings, Inc.</name>
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        <name>Tucows, Inc.</name>
        <lei>529900860LTAB4QUV247</lei>
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        <name>L B Foster Co.</name>
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        <title>L B Foster Co., Class A</title>
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        <name>Seres Therapeutics, Inc.</name>
        <lei>549300GMXBE5NUWISF13</lei>
        <title>Seres Therapeutics, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Kyverna Therapeutics, Inc.</name>
        <lei>N/A</lei>
        <title>Kyverna Therapeutics, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>NextNRG, Inc.</name>
        <lei>N/A</lei>
        <title>NextNRG, Inc.</title>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Apyx Medical Corp.</name>
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        <title>Apyx Medical Corp.</title>
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          <isin value="US03837C1062"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Bank7 Corp.</name>
        <lei>N/A</lei>
        <title>Bank7 Corp.</title>
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          <isin value="US06652N1072"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Zumiez, Inc.</name>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>American Battery Technology Co.</name>
        <lei>N/A</lei>
        <title>American Battery Technology Co.</title>
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          <isin value="US02451V3096"/>
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        <balance>181281.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Arq, Inc.</name>
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        <title>Arq, Inc.</title>
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          <isin value="US00770C1018"/>
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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>Hanover Bancorp, Inc.</name>
        <lei>N/A</lei>
        <title>Hanover Bancorp, Inc.</title>
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          <isin value="US4107091096"/>
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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>Comstock, Inc.</name>
        <lei>549300PX1C7TOIY9SK20</lei>
        <title>Comstock, Inc.</title>
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          <isin value="US2057504092"/>
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        <balance>58144.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>220365.76000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GameSquare Holdings, Inc.</name>
        <lei>894500NUPDOV8GTVN566</lei>
        <title>GameSquare Holdings, Inc.</title>
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          <isin value="US36468G1031"/>
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        <balance>11143.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>9683.27000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <loanByFundCondition isLoanByFund="Y" loanVal="19639.40000000"/>
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      <invstOrSec>
        <name>Solidion Technology, Inc.</name>
        <lei>529900AIFRB6J51X8T59</lei>
        <title>Solidion Technology, Inc.</title>
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          <isin value="US8342122012"/>
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        <balance>481.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1895.14000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Byline Bancorp, Inc.</name>
        <lei>549300W7ODP4YL2H4823</lei>
        <title>Byline Bancorp, Inc.</title>
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          <isin value="US1244111092"/>
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        <balance>61977.00000000</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>Surf Air Mobility, Inc.</name>
        <lei>N/A</lei>
        <title>Surf Air Mobility, Inc.</title>
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          <isin value="US8689272032"/>
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        <balance>29036.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>107142.84000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CytoSorbents Corp.</name>
        <lei>549300VI8WO8GK5QK793</lei>
        <title>CytoSorbents Corp.</title>
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          <isin value="US23283X2062"/>
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        <balance>100782.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>First Business Financial Services, Inc.</name>
        <lei>549300BXKLW2T50TKU95</lei>
        <title>First Business Financial Services, Inc.</title>
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          <isin value="US3193901002"/>
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        <balance>17931.00000000</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>Claritev Corp.</name>
        <lei>N/A</lei>
        <title>Claritev Corp.</title>
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        <balance>15511.00000000</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>aTyr Pharma, Inc.</name>
        <lei>529900ENQUXMC5EBKO36</lei>
        <title>aTyr Pharma, Inc.</title>
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        <balance>190920.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>First Savings Financial Group, Inc.</name>
        <lei>549300BD6X6E6468JI14</lei>
        <title>First Savings Financial Group, Inc.</title>
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          <isin value="US33621E1091"/>
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        <balance>12433.00000000</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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        <name>Rithm Property Trust, Inc.</name>
        <lei>5493004ID2QQWNGDYC18</lei>
        <title>Rithm Property Trust, Inc.</title>
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        <invCountry>US</invCountry>
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        <name>vTv Therapeutics, Inc.</name>
        <lei>549300WQE5EI9R35SE66</lei>
        <title>vTv Therapeutics, Inc., Class A</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Kezar Life Sciences, Inc.</name>
        <lei>549300EV1V8GXBV18004</lei>
        <title>Kezar Life Sciences, Inc.</title>
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        <balance>13866.00000000</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>DocGo, Inc.</name>
        <lei>N/A</lei>
        <title>DocGo, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>First Internet Bancorp</name>
        <lei>549300T25MP2M92XU194</lei>
        <title>First Internet Bancorp</title>
        <cusip>320557101</cusip>
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        <valUSD>470265.80000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Penns Woods Bancorp, Inc.</name>
        <lei>N/A</lei>
        <title>Penns Woods Bancorp, Inc.</title>
        <cusip>708430103</cusip>
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        <valUSD>506101.20000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Priority Technology Holdings, Inc.</name>
        <lei>549300ZS6DXD7ROBKB40</lei>
        <title>Priority Technology Holdings, Inc.</title>
        <cusip>74275G107</cusip>
        <identifiers>
          <isin value="US74275G1076"/>
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        <balance>56020.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>435835.60000000</valUSD>
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      <invstOrSec>
        <name>Nortech Systems, Inc.</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>W&amp;T Offshore, Inc.</name>
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        <title>W&amp;T Offshore, Inc.</title>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Rain Enhancement Technologies Holdco, Inc.</name>
        <lei>N/A</lei>
        <title>Rain Enhancement Technologies Holdco, Inc., 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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Golden Matrix Group, Inc.</name>
        <lei>549300NOYXJNQRSL5G70</lei>
        <title>Golden Matrix Group, Inc.</title>
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          <isin value="US3810983003"/>
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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>SRAX, Inc.</name>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Fluent, Inc.</name>
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        <title>Fluent, Inc.</title>
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          <isin value="US34380C2017"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>USCB Financial Holdings, Inc.</name>
        <lei>N/A</lei>
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          <isin value="US90355N1019"/>
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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>LENSAR, Inc.</name>
        <lei>N/A</lei>
        <title>LENSAR, Inc.</title>
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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>MaxCyte, Inc.</name>
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        <title>MaxCyte, Inc.</title>
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        <balance>226900.00000000</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>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Nature's Sunshine Products, Inc.</name>
        <lei>N/A</lei>
        <title>Nature's Sunshine Products, Inc.</title>
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        <balance>32777.00000000</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>Odysight.ai, Inc.</name>
        <lei>549300FBP1ANSJE5TE25</lei>
        <title>Odysight.ai, Inc.</title>
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          <isin value="US81063V2043"/>
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        <balance>10899.00000000</balance>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>INNOVATE Corp.</name>
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        <title>INNOVATE Corp.</title>
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      <invstOrSec>
        <name>1stdibs.com, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Shoe Carnival, Inc.</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Playboy, Inc.</name>
        <lei>N/A</lei>
        <title>Playboy, Inc.</title>
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        <name>iHeartMedia, Inc.</name>
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        <title>iHeartMedia, Inc., Class A</title>
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        <name>Purple Innovation, Inc.</name>
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        <name>Quest Resource Holding Corp.</name>
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        <title>Quest Resource Holding Corp.</title>
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        <invCountry>US</invCountry>
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        <name>RealReal, Inc. (The)</name>
        <lei>549300O00VUGT4H1PE90</lei>
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        <invCountry>US</invCountry>
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        <name>Summit State Bank</name>
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        <title>Summit State Bank</title>
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        <invCountry>US</invCountry>
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        <name>Nutriband, Inc.</name>
        <lei>549300OZV3WLQQWOD724</lei>
        <title>Nutriband, Inc.</title>
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        <name>Urban One, Inc.</name>
        <lei>549300PLGIGPBRQUP240</lei>
        <title>Urban One, Inc., 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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Vivani Medical, Inc.</name>
        <lei>5299004VTNX49EZIFL05</lei>
        <title>Vivani Medical, Inc.</title>
        <cusip>92854B109</cusip>
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        <balance>65971.00000000</balance>
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        <name>Acacia Research Corp.</name>
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        <name>BJ's Restaurants, Inc.</name>
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        <name>SKYX Platforms Corp.</name>
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        <name>Unisys Corp.</name>
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        <name>Atlantic International Corp.</name>
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        <name>Genelux Corp.</name>
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        <title>Genelux Corp.</title>
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        <title>Selectquote, Inc.</title>
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        <name>Nexxen International Ltd.</name>
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        <invCountry>IL</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Summit Midstream Corp.</name>
        <lei>N/A</lei>
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        <name>Couchbase, Inc.</name>
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        <name>Protara Therapeutics, Inc.</name>
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        <title>Protara Therapeutics, Inc.</title>
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        <name>European Wax Center, Inc.</name>
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        <name>Gain Therapeutics, Inc.</name>
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        <name>MBX Biosciences, Inc.</name>
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        <name>AudioEye, Inc.</name>
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        <name>Biomea Fusion, Inc.</name>
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        <name>SkyWater Technology, Inc.</name>
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        <name>Investar Holding Corp.</name>
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        <title>Investar Holding Corp.</title>
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        <name>Quince Therapeutics, Inc.</name>
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        <name>DMC Global, Inc.</name>
        <lei>549300CBDXD1Z5MRNG02</lei>
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        <invCountry>US</invCountry>
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        <name>Annexon, Inc.</name>
        <lei>N/A</lei>
        <title>Annexon, Inc.</title>
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      <invstOrSec>
        <name>GD Culture Group Ltd.</name>
        <lei>N/A</lei>
        <title>GD Culture Group Ltd.</title>
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      <invstOrSec>
        <name>IDT Corp.</name>
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      <invstOrSec>
        <name>Aware, Inc.</name>
        <lei>N/A</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Cargo Therapeutics, Inc.</name>
        <lei>N/A</lei>
        <title>Cargo Therapeutics, Inc.</title>
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      <invstOrSec>
        <name>Immersion Corp.</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>Health Catalyst, Inc.</name>
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        <title>Health Catalyst, Inc.</title>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Sky Harbour Group Corp.</name>
        <lei>N/A</lei>
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          <isin value="US83085C1071"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Precision BioSciences, Inc.</name>
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        <title>Precision BioSciences, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Black Diamond Therapeutics, Inc.</name>
        <lei>N/A</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>ConnectOne Bancorp, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>LiveOne, Inc.</name>
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        <title>LiveOne, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>First Community Corp.</name>
        <lei>549300TC167ECI9SMC70</lei>
        <title>First Community 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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        <name>Armata Pharmaceuticals, Inc.</name>
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        <title>Armata Pharmaceuticals, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Metallus, Inc.</name>
        <lei>549300QZTZWHDE9HJL14</lei>
        <title>Metallus, Inc.</title>
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        <name>Inhibrx Biosciences, Inc.</name>
        <lei>N/A</lei>
        <title>Inhibrx Biosciences, Inc.</title>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>Clipper Realty, Inc.</name>
        <lei>N/A</lei>
        <title>Clipper Realty, Inc.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <name>Whitestone REIT</name>
        <lei>N/A</lei>
        <title>Whitestone REIT</title>
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        <invCountry>US</invCountry>
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        <name>Virgin Galactic Holdings, Inc.</name>
        <lei>549300C631IMXCSMN048</lei>
        <title>Virgin Galactic Holdings, Inc.</title>
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        <name>Farmland Partners, Inc.</name>
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        <name>Exicure, Inc.</name>
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        <title>Exicure, Inc.</title>
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        <name>Entravision Communications Corp.</name>
        <lei>549300SKHY2ALCLKV539</lei>
        <title>Entravision Communications Corp., Class A</title>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Prairie Operating Co.</name>
        <lei>549300NX50XL5HR17C26</lei>
        <title>Prairie Operating Co.</title>
        <cusip>739650109</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>United-Guardian, Inc.</name>
        <lei>N/A</lei>
        <title>United-Guardian, Inc.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GCT Semiconductor Holding, Inc.</name>
        <lei>N/A</lei>
        <title>GCT Semiconductor Holding, Inc.</title>
        <cusip>36170N107</cusip>
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        <name>Franklin Street Properties Corp.</name>
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      <invstOrSec>
        <name>Sleep Number Corp.</name>
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        <name>Domo, Inc.</name>
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        <name>Ichor Holdings Ltd.</name>
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        <name>Ponce Financial Group, Inc.</name>
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        <name>AdvanSix, Inc.</name>
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        <name>CoreCard Corp.</name>
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        <name>Ascent Industries Co.</name>
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        <name>Transcat, Inc.</name>
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        <name>Townsquare Media, Inc.</name>
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        <name>NACCO Industries, Inc.</name>
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        <name>Riley Exploration Permian, Inc.</name>
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        <name>Oruka Therapeutics, Inc.</name>
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        <name>Taysha Gene Therapies, Inc.</name>
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        <name>Resolute Holdings Management, Inc.</name>
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        <name>Gambling.com Group Ltd.</name>
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        <name>MediaAlpha, Inc.</name>
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        <name>Novusterra, Inc.</name>
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        <name>NioCorp Developments Ltd.</name>
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        <name>Ginkgo Bioworks Holdings, Inc.</name>
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        <name>Vigil Neuroscience, Inc.</name>
        <lei>N/A</lei>
        <title>Vigil Neuroscience, Inc.</title>
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        <name>Angi, Inc.</name>
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        <title>Angi, Inc.</title>
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      <invstOrSec>
        <name>Unitil Corp.</name>
        <lei>N/A</lei>
        <title>Unitil Corp.</title>
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      <invstOrSec>
        <name>Ceribell, Inc.</name>
        <lei>N/A</lei>
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        <name>One Liberty Properties, Inc.</name>
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      <invstOrSec>
        <name>Outdoor Holding Co.</name>
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          <isin value="US00175J1079"/>
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        <fairValLevel>1</fairValLevel>
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        <name>Teads Holding Co.</name>
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        <name>Tile Shop Holdings, Inc.</name>
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        <name>Nutex Health, Inc.</name>
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        <name>ALX Oncology Holdings, Inc.</name>
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        <title>ALX Oncology Holdings, Inc.</title>
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      <invstOrSec>
        <name>US Gold Corp.</name>
        <lei>5299003C2TFXIV9QAV34</lei>
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        <name>Corbus Pharmaceuticals Holdings, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Taylor Devices, Inc.</name>
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      <invstOrSec>
        <name>Humacyte, Inc.</name>
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        <title>Humacyte, Inc.</title>
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        <name>Southern States Bancshares, Inc.</name>
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        <name>CPI Aerostructures, Inc.</name>
        <lei>549300C471OFZGCOHS09</lei>
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        <name>fuboTV, Inc.</name>
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        <title>fuboTV, Inc.</title>
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        <name>Aehr Test Systems</name>
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        <title>Aehr Test Systems</title>
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        <name>Oncternal Therapeutics, Inc.</name>
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        <name>SR Bancorp, Inc.</name>
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        <name>Flexible Solutions International, Inc.</name>
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        <invCountry>CA</invCountry>

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        <name>Ducommun, Inc.</name>
        <lei>549300Z71HMWF90S2214</lei>
        <title>Ducommun, Inc.</title>
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      <invstOrSec>
        <name>Alpine Income Property Trust, Inc.</name>
        <lei>N/A</lei>
        <title>Alpine Income Property Trust, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Assembly Biosciences, Inc.</name>
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        <name>OPAL Fuels, Inc.</name>
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        <name>Hackett Group, Inc. (The)</name>
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        <name>Willis Lease Finance Corp.</name>
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        <name>AerSale Corp.</name>
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        <name>NSTS Bancorp, Inc.</name>
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        <name>VAALCO Energy, Inc.</name>
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        <name>Odyssey Marine Exploration, Inc.</name>
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        <name>BayCom Corp.</name>
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        <name>Finance of America Cos., Inc.</name>
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        <name>Five Star Bancorp</name>
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        <name>GoPro, Inc.</name>
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        <name>Bowman Consulting Group Ltd.</name>
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        <name>Journey Medical Corp.</name>
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        <name>Better Home &amp; Finance Holding Co.</name>
        <lei>529900VAMR5CW7WS5H57</lei>
        <title>Better Home &amp; Finance Holding Co.</title>
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        <name>Regis Corp.</name>
        <lei>5493000Q1S5TJIDIQH89</lei>
        <title>Regis Corp.</title>
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        <name>Immix Biopharma, Inc.</name>
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        <title>Immix Biopharma, Inc.</title>
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        <name>Insteel Industries, Inc.</name>
        <lei>52990026LKY4MOX3L174</lei>
        <title>Insteel Industries, Inc.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>OP Bancorp</name>
        <lei>549300LTYZMS0Q13U522</lei>
        <title>OP Bancorp</title>
        <cusip>67109R109</cusip>
        <identifiers>
          <isin value="US67109R1095"/>
          <other otherDesc="Inhouse Asset ID" value="67109R109"/>
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        <balance>26626.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>345871.74000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ferroglobe plc</name>
        <lei>2138005GCFJACFTZUD90</lei>
        <title>Ferroglobe plc</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BYW6GV68"/>
          <other otherDesc="Inhouse Asset ID" value="BRSY6FUZ6"/>
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        <balance>267510.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>981761.70000000</valUSD>
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        <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>FB Bancorp, Inc.</name>
        <lei>N/A</lei>
        <title>FB Bancorp, Inc.</title>
        <cusip>31425A109</cusip>
        <identifiers>
          <isin value="US31425A1097"/>
          <other otherDesc="Inhouse Asset ID" value="31425A109"/>
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        <balance>39994.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>449932.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Pulmonx Corp.</name>
        <lei>549300WZMFR0ZK7RJY40</lei>
        <title>Pulmonx Corp.</title>
        <cusip>745848101</cusip>
        <identifiers>
          <isin value="US7458481014"/>
          <other otherDesc="Inhouse Asset ID" value="745848101"/>
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        <balance>85567.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>221618.53000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Auburn National BanCorp, Inc.</name>
        <lei>N/A</lei>
        <title>Auburn National Bancorp, Inc.</title>
        <cusip>050473107</cusip>
        <identifiers>
          <isin value="US0504731078"/>
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        <balance>5059.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>131028.10000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NI Holdings, Inc.</name>
        <lei>549300LLJVCO2EGU3180</lei>
        <title>NI Holdings, Inc.</title>
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          <isin value="US65342T1060"/>
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        <balance>15516.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>197673.84000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Alector, Inc.</name>
        <lei>549300Z8RQOIY1JMHC25</lei>
        <title>Alector, Inc.</title>
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          <isin value="US0144421072"/>
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        <balance>178885.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>250439.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Elutia, Inc.</name>
        <lei>N/A</lei>
        <title>Elutia, Inc., Class A</title>
        <cusip>05479K106</cusip>
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          <isin value="US05479K1060"/>
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        <balance>45370.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>89832.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Franklin Financial Services Corp.</name>
        <lei>N/A</lei>
        <title>Franklin Financial Services Corp.</title>
        <cusip>353525108</cusip>
        <identifiers>
          <isin value="US3535251082"/>
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        <balance>9429.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>326479.13000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Lee Enterprises, Inc.</name>
        <lei>N/A</lei>
        <title>Lee Enterprises, Inc.</title>
        <cusip>523768406</cusip>
        <identifiers>
          <isin value="US5237684064"/>
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        <balance>9622.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>61099.70000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="3175.00000000"/>
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      <invstOrSec>
        <name>Hovnanian Enterprises, Inc.</name>
        <lei>549300805N4EF0ROBT53</lei>
        <title>Hovnanian Enterprises, Inc., Class A</title>
        <cusip>442487401</cusip>
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          <isin value="US4424874018"/>
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        <balance>10952.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1145031.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="104550.00000000"/>
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      <invstOrSec>
        <name>First US Bancshares, Inc.</name>
        <lei>54930017QY1V8LM2TC68</lei>
        <title>First US Bancshares, Inc.</title>
        <cusip>33744V103</cusip>
        <identifiers>
          <isin value="US33744V1035"/>
          <other otherDesc="Inhouse Asset ID" value="33744V103"/>
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        <balance>10786.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>139139.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Orthofix Medical, Inc.</name>
        <lei>N/A</lei>
        <title>Orthofix Medical, Inc.</title>
        <cusip>68752M108</cusip>
        <identifiers>
          <isin value="US68752M1080"/>
          <other otherDesc="Inhouse Asset ID" value="68752M108"/>
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        <balance>87100.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>971165.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>First Western Financial, Inc.</name>
        <lei>549300PPOGX4C7S66B47</lei>
        <title>First Western Financial, Inc.</title>
        <cusip>33751L105</cusip>
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          <isin value="US33751L1052"/>
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        <balance>18495.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>417247.20000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Servotronics, Inc.</name>
        <lei>549300G2MISHW24LEA03</lei>
        <title>Servotronics, Inc.</title>
        <cusip>817732100</cusip>
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          <isin value="US8177321002"/>
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        <balance>2043.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>95898.42000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Flexsteel Industries, Inc.</name>
        <lei>894500J5Y3ZZOOJXXN24</lei>
        <title>Flexsteel Industries, Inc.</title>
        <cusip>339382103</cusip>
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        <balance>8335.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>300310.05000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Tvardi Therapeutics, Inc.</name>
        <lei>549300COVOY41P0GZ881</lei>
        <title>Tvardi Therapeutics, Inc.</title>
        <cusip>140755307</cusip>
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          <isin value="US1407553072"/>
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        <balance>7633.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>178077.89000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Mural Oncology plc</name>
        <lei>N/A</lei>
        <title>Mural Oncology plc</title>
        <cusip>N/A</cusip>
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          <isin value="IE000LK2BOB4"/>
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        <balance>36668.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>AnaptysBio, Inc.</name>
        <lei>529900HH4WQT03IG1A12</lei>
        <title>AnaptysBio, Inc.</title>
        <cusip>032724106</cusip>
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          <isin value="US0327241065"/>
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        <balance>43780.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>971916.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <loanByFundCondition isLoanByFund="Y" loanVal="916438.20000000"/>
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      <invstOrSec>
        <name>Denny's Corp.</name>
        <lei>54930037V56XOULXM917</lei>
        <title>Denny's Corp.</title>
        <cusip>24869P104</cusip>
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          <isin value="US24869P1049"/>
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        <balance>113235.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>464263.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <loanByFundCondition isLoanByFund="Y" loanVal="246721.60000000"/>
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      <invstOrSec>
        <name>Alto Neuroscience, Inc.</name>
        <lei>N/A</lei>
        <title>Alto Neuroscience, Inc.</title>
        <cusip>02157Q109</cusip>
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          <isin value="US02157Q1094"/>
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        <balance>47825.00000000</balance>
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        <valUSD>105215.00000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <loanByFundCondition isLoanByFund="Y" loanVal="94404.20000000"/>
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      <invstOrSec>
        <name>Delcath Systems, Inc.</name>
        <lei>549300NVPLITUM6URT02</lei>
        <title>Delcath Systems, Inc.</title>
        <cusip>24661P807</cusip>
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          <isin value="US24661P8077"/>
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        <balance>64972.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>883619.20000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Velocity Financial, Inc.</name>
        <lei>N/A</lei>
        <title>Velocity Financial, Inc.</title>
        <cusip>92262D101</cusip>
        <identifiers>
          <isin value="US92262D1019"/>
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        <balance>25161.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>466484.94000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Olympic Steel, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>BuzzFeed, Inc.</name>
        <lei>N/A</lei>
        <title>BuzzFeed, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>NeueHealth, Inc.</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SmartFinancial, Inc.</name>
        <lei>N/A</lei>
        <title>SmartFinancial, Inc.</title>
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          <isin value="US83190L2088"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Lifezone Metals Ltd.</name>
        <lei>N/A</lei>
        <title>Lifezone Metals Ltd.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>IM</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>XBiotech, Inc.</name>
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          <isin value="CA98400H1029"/>
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        <assetCat>EC</assetCat>
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        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>OrthoPediatrics Corp.</name>
        <lei>5493000KUTPFGOPAT717</lei>
        <title>OrthoPediatrics Corp.</title>
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          <isin value="US68752L1008"/>
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        <balance>38004.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Donegal Group, Inc.</name>
        <lei>N/A</lei>
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          <isin value="US2577012014"/>
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        <balance>36720.00000000</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>Electromed, Inc.</name>
        <lei>N/A</lei>
        <title>Electromed, Inc.</title>
        <cusip>285409108</cusip>
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          <isin value="US2854091087"/>
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        <balance>15641.00000000</balance>
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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>Simulations Plus, Inc.</name>
        <lei>N/A</lei>
        <title>Simulations Plus, Inc.</title>
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          <isin value="US8292141053"/>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Citizens Financial Services, Inc.</name>
        <lei>5493005JSTWQNVUE0825</lei>
        <title>Citizens Financial Services, Inc.</title>
        <cusip>174615104</cusip>
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          <isin value="US1746151042"/>
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        <balance>10187.00000000</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>Envoy Medical, Inc.</name>
        <lei>N/A</lei>
        <title>Envoy Medical, Inc., Class A</title>
        <cusip>29415V109</cusip>
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          <isin value="US29415V1098"/>
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        <balance>21567.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>30625.14000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Cumberland Pharmaceuticals, Inc.</name>
        <lei>N/A</lei>
        <title>Cumberland Pharmaceuticals, Inc.</title>
        <cusip>230770109</cusip>
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          <isin value="US2307701092"/>
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        <balance>17022.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CB Financial Services, Inc.</name>
        <lei>549300JEGYKCDOBSG664</lei>
        <title>CB Financial Services, Inc.</title>
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      <invstOrSec>
        <name>CFSB Bancorp, Inc.</name>
        <lei>N/A</lei>
        <title>CFSB Bancorp, Inc.</title>
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          <isin value="US12530C1071"/>
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        <balance>6265.00000000</balance>
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        <fairValLevel>1</fairValLevel>
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        <name>Vanda Pharmaceuticals, Inc.</name>
        <lei>529900AY8VOOQBKJ0O70</lei>
        <title>Vanda Pharmaceuticals, Inc.</title>
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        <name>Western New England Bancorp, Inc.</name>
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        <name>Farmer Bros Co.</name>
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        <title>Farmer Bros Co.</title>
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        <name>Owlet, Inc.</name>
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        <name>Allbirds, Inc.</name>
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        <name>Aquestive Therapeutics, Inc.</name>
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        <title>Aquestive Therapeutics, Inc.</title>
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        <name>Covenant Logistics Group, Inc.</name>
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        <title>Covenant Logistics Group, Inc., Class A</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Quantum Corp.</name>
        <lei>5493007210175UIK7S88</lei>
        <title>Quantum Corp.</title>
        <cusip>747906600</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Miller Industries, Inc.</name>
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        <title>Miller Industries, Inc.</title>
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          <isin value="US6005512040"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>BTCS, Inc.</name>
        <lei>549300HVP35DWSOZOH21</lei>
        <title>BTCS, Inc.</title>
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          <isin value="US05581M4042"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Catalyst Bancorp, Inc.</name>
        <lei>N/A</lei>
        <title>Catalyst Bancorp, Inc.</title>
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          <isin value="US14888L1017"/>
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        <balance>7634.00000000</balance>
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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>Information Services Group, Inc.</name>
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        <title>Information Services Group, Inc.</title>
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          <isin value="US45675Y1047"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Onity Group, Inc.</name>
        <lei>549300DDD1YQ8EIAT278</lei>
        <title>Onity Group, Inc.</title>
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          <isin value="US6757466064"/>
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        <balance>14887.00000000</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>Performant Healthcare, Inc.</name>
        <lei>N/A</lei>
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          <isin value="US71377E1055"/>
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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>Inhibikase Therapeutics, Inc.</name>
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        <title>Inhibikase Therapeutics, Inc.</title>
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        <balance>127186.00000000</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>Marcus Corp. (The)</name>
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        <title>Marcus Corp. (The)</title>
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          <isin value="US5663301068"/>
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        <balance>53392.00000000</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>Lightbridge Corp.</name>
        <lei>5493005PY54DR0JRCW56</lei>
        <title>Lightbridge Corp.</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>Vishay Precision Group, Inc.</name>
        <lei>N/A</lei>
        <title>Vishay Precision Group, Inc.</title>
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          <isin value="US92835K1034"/>
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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>James River Group Holdings Ltd.</name>
        <lei>N/A</lei>
        <title>James River Group Holdings Ltd.</title>
        <cusip>N/A</cusip>
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          <isin value="BMG5005R1079"/>
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        <balance>82664.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Norwood Financial Corp.</name>
        <lei>N/A</lei>
        <title>Norwood Financial Corp.</title>
        <cusip>669549107</cusip>
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          <isin value="US6695491075"/>
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        <balance>19269.00000000</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>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Cogent Biosciences, Inc.</name>
        <lei>N/A</lei>
        <title>Cogent Biosciences, Inc.</title>
        <cusip>19240Q201</cusip>
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          <isin value="US19240Q2012"/>
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        <balance>238262.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Adicet Bio, Inc.</name>
        <lei>549300VRD2QO80WBOP18</lei>
        <title>Adicet Bio, Inc.</title>
        <cusip>007002108</cusip>
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          <isin value="US0070021086"/>
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        <balance>33723.00000000</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>Karyopharm Therapeutics, Inc.</name>
        <lei>549300J1VANRCNTYST87</lei>
        <title>Karyopharm Therapeutics, Inc.</title>
        <cusip>48576U205</cusip>
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          <isin value="US48576U2050"/>
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        <balance>17704.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Ashford Hospitality Trust, Inc.</name>
        <lei>N/A</lei>
        <title>Ashford Hospitality Trust, Inc.</title>
        <cusip>044103794</cusip>
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          <isin value="US0441037944"/>
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        <balance>12726.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>76610.52000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <loanByFundCondition isLoanByFund="Y" loanVal="19264.00000000"/>
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      <invstOrSec>
        <name>GoHealth, Inc.</name>
        <lei>N/A</lei>
        <title>GoHealth, Inc., Class A</title>
        <cusip>38046W204</cusip>
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          <isin value="US38046W2044"/>
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        <balance>10835.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>60134.25000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Applied Optoelectronics, Inc.</name>
        <lei>529900I8U6Q5SYDNLT48</lei>
        <title>Applied Optoelectronics, Inc.</title>
        <cusip>03823U102</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Horizon Bancorp, Inc.</name>
        <lei>549300U2OQ2EIT5MXG39</lei>
        <title>Horizon Bancorp, Inc.</title>
        <cusip>440407104</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Safe Bulkers, Inc.</name>
        <lei>549300V6ZM2HJJYQQO85</lei>
        <title>Safe Bulkers, Inc.</title>
        <cusip>N/A</cusip>
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          <isin value="MHY7388L1039"/>
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        <balance>129640.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>MH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Ur-Energy, Inc.</name>
        <lei>5493004ZEMNWEC7T6X93</lei>
        <title>Ur-Energy, Inc.</title>
        <cusip>91688R108</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Actinium Pharmaceuticals, Inc.</name>
        <lei>549300LCY1NZSXCQDT45</lei>
        <title>Actinium Pharmaceuticals, Inc.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>Peoples Financial Services Corp.</name>
        <lei>N/A</lei>
        <title>Peoples Financial Services Corp.</title>
        <cusip>711040105</cusip>
        <identifiers>
          <isin value="US7110401053"/>
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        <balance>20929.00000000</balance>
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        <valUSD>1033264.73000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Eagle Bancorp Montana, Inc.</name>
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        <title>Eagle Bancorp Montana, Inc.</title>
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          <isin value="US26942G1004"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>GSI Technology, Inc.</name>
        <lei>N/A</lei>
        <title>GSI Technology, Inc.</title>
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          <isin value="US36241U1060"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
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      <invstOrSec>
        <name>Sanara Medtech, Inc.</name>
        <lei>N/A</lei>
        <title>Sanara Medtech, Inc.</title>
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          <isin value="US79957L1008"/>
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        <balance>6940.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Beyond Meat, Inc.</name>
        <lei>549300XQ946NCE51DR09</lei>
        <title>Beyond Meat, Inc.</title>
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          <isin value="US08862E1091"/>
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        <balance>165151.00000000</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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      <invstOrSec>
        <name>Rave Restaurant Group, Inc.</name>
        <lei>N/A</lei>
        <title>Rave Restaurant Group, Inc.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MainStreet Bancshares, Inc.</name>
        <lei>549300FHZZP7SP56TS88</lei>
        <title>MainStreet Bancshares, Inc.</title>
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          <isin value="US56064Y1001"/>
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        <balance>15769.00000000</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>Primis Financial Corp.</name>
        <lei>549300JNX3M2EENG1F11</lei>
        <title>Primis Financial Corp.</title>
        <cusip>74167B109</cusip>
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          <isin value="US74167B1098"/>
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        <balance>47533.00000000</balance>
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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>Cryo-Cell International, Inc.</name>
        <lei>254900AQWFD6AR2J7Z30</lei>
        <title>Cryo-Cell International, Inc.</title>
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          <isin value="US2288951088"/>
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        <balance>10953.00000000</balance>
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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>Virco Mfg. Corp.</name>
        <lei>N/A</lei>
        <title>Virco Mfg. Corp.</title>
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          <isin value="US9276511097"/>
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        <balance>24749.00000000</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>Cadiz, Inc.</name>
        <lei>549300PFFIS1TCKZS151</lei>
        <title>Cadiz, Inc.</title>
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          <isin value="US1275372076"/>
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        <balance>123119.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>RumbleON, Inc.</name>
        <lei>549300HTVW82DG77Y276</lei>
        <title>RumbleON, Inc., Class B</title>
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          <isin value="US7813863054"/>
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        <balance>49788.00000000</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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      <invstOrSec>
        <name>Cadre Holdings, Inc.</name>
        <lei>2549006IKQEWJ8M7CB97</lei>
        <title>Cadre Holdings, Inc.</title>
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          <isin value="US12763L1052"/>
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        <balance>63913.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Lucid Diagnostics, Inc.</name>
        <lei>N/A</lei>
        <title>Lucid Diagnostics, Inc.</title>
        <cusip>54948X109</cusip>
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        <balance>154360.00000000</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>LENZ Therapeutics, Inc.</name>
        <lei>N/A</lei>
        <title>LENZ Therapeutics, Inc.</title>
        <cusip>52635N103</cusip>
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          <isin value="US52635N1037"/>
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        <balance>39931.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1170377.61000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Agenus, Inc.</name>
        <lei>529900NDQQGU5H4UJK81</lei>
        <title>Agenus, Inc.</title>
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          <isin value="US00847G8042"/>
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        <balance>56550.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Jasper Therapeutics, Inc.</name>
        <lei>N/A</lei>
        <title>Jasper Therapeutics, Inc.</title>
        <cusip>471871202</cusip>
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        <balance>29928.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>166100.40000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Red Violet, Inc.</name>
        <lei>549300T4EGADG881UU63</lei>
        <title>Red Violet, Inc.</title>
        <cusip>75704L104</cusip>
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          <isin value="US75704L1044"/>
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        <balance>25362.00000000</balance>
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        <name>Latham Group, Inc.</name>
        <lei>N/A</lei>
        <title>Latham Group, Inc.</title>
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        <name>Northrim BanCorp, Inc.</name>
        <lei>5493006X7RLLTZ3SG075</lei>
        <title>Northrim Bancorp, Inc.</title>
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        <assetCat>EC</assetCat>
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      <invstOrSec>
        <name>Drilling Tools International Corp.</name>
        <lei>5493000EQOTBVWM31L08</lei>
        <title>Drilling Tools International Corp.</title>
        <cusip>26205E107</cusip>
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        <name>Amplify Energy Corp.</name>
        <lei>J0TW5YQRAZXYN7VEU787</lei>
        <title>Amplify Energy Corp.</title>
        <cusip>03212B103</cusip>
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      <invstOrSec>
        <name>Blade Air Mobility, Inc.</name>
        <lei>N/A</lei>
        <title>Blade Air Mobility, Inc., Class A</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Canterbury Park Holding Corp.</name>
        <lei>N/A</lei>
        <title>Canterbury Park Holding Corp.</title>
        <cusip>13811E101</cusip>
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          <isin value="US13811E1010"/>
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        <balance>6075.00000000</balance>
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        <valUSD>116822.25000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <name>Eastern Co. (The)</name>
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        <name>FTAI Infrastructure, Inc.</name>
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        <name>Climb Bio, Inc.</name>
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        <name>Ouster, Inc.</name>
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        <name>RBB Bancorp</name>
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        <name>Tela Bio, Inc.</name>
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        <name>eXoZymes, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>First Financial Corp.</name>
        <lei>N/A</lei>
        <title>First Financial Corp.</title>
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          <isin value="US3202181000"/>
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        <balance>25761.00000000</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>
      <invstOrSec>
        <name>Smith-Midland Corp.</name>
        <lei>N/A</lei>
        <title>Smith-Midland Corp.</title>
        <cusip>832156103</cusip>
        <identifiers>
          <isin value="US8321561032"/>
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        <balance>6248.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>ACNB Corp.</name>
        <lei>N/A</lei>
        <title>ACNB Corp.</title>
        <cusip>000868109</cusip>
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          <isin value="US0008681092"/>
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        <balance>23114.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Kingsway Financial Services, Inc.</name>
        <lei>N/A</lei>
        <title>Kingsway Financial Services, Inc.</title>
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          <isin value="US4969042021"/>
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        <balance>40579.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Turning Point Brands, Inc.</name>
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        <title>Turning Point Brands, Inc.</title>
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          <isin value="US90041L1052"/>
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        <balance>38414.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BRT Apartments Corp.</name>
        <lei>N/A</lei>
        <title>BRT Apartments Corp.</title>
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          <isin value="US0556453035"/>
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        <balance>24204.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Barnes &amp; Noble Education, Inc.</name>
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        <title>Barnes &amp; Noble Education, Inc.</title>
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          <isin value="US06777U2006"/>
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        <balance>33554.00000000</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>United Security Bancshares</name>
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        <title>United Security Bancshares</title>
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          <isin value="US9114601035"/>
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        <balance>31058.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Origin Bancorp, Inc.</name>
        <lei>54930055DO2Z4KO3NB45</lei>
        <title>Origin Bancorp, Inc.</title>
        <cusip>68621T102</cusip>
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          <isin value="US68621T1025"/>
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        <balance>66949.00000000</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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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Eagle Financial Services, Inc.</name>
        <lei>N/A</lei>
        <title>Eagle Financial Services, Inc.</title>
        <cusip>26951R104</cusip>
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          <isin value="US26951R1041"/>
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        <balance>10275.00000000</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>TPI Composites, Inc.</name>
        <lei>549300TI9H56OIY0QE39</lei>
        <title>TPI Composites, Inc.</title>
        <cusip>87266J104</cusip>
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          <isin value="US87266J1043"/>
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        <balance>8978.00000000</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>RE/MAX Holdings, Inc.</name>
        <lei>54930033W2KS56JHAN30</lei>
        <title>RE/MAX Holdings, Inc., Class A</title>
        <cusip>75524W108</cusip>
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          <isin value="US75524W1080"/>
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        <balance>41002.00000000</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>Consolidated Water Co. Ltd.</name>
        <lei>5299001BMEW8X9VIJA73</lei>
        <title>Consolidated Water Co. Ltd.</title>
        <cusip>N/A</cusip>
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          <isin value="KYG237731073"/>
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        <balance>33951.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Diversified Energy Co. plc</name>
        <lei>213800YR9TFRVHPGOS67</lei>
        <title>Diversified Energy Co. plc</title>
        <cusip>N/A</cusip>
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        <balance>123386.00000000</balance>
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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>
        <name>Stabilis Solutions, Inc.</name>
        <lei>549300DGSR537OJW7P62</lei>
        <title>Stabilis Solutions, Inc.</title>
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        <balance>4029.00000000</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>Asure Software, Inc.</name>
        <lei>N/A</lei>
        <title>Asure Software, Inc.</title>
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        <balance>55357.00000000</balance>
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        <fairValLevel>1</fairValLevel>
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        <name>NeoVolta, Inc.</name>
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        <title>NeoVolta, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Legacy Education, Inc.</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>SunOpta, Inc.</name>
        <lei>54930010CP0KEPPRPA40</lei>
        <title>SunOpta, Inc.</title>
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        <invCountry>CA</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Myers Industries, Inc.</name>
        <lei>549300I2H9XMVTCW4Q51</lei>
        <title>Myers Industries, Inc.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Postal Realty Trust, Inc.</name>
        <lei>5493007B7ZZSIJRGWC41</lei>
        <title>Postal Realty Trust, Inc., Class A</title>
        <cusip>73757R102</cusip>
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          <isin value="US73757R1023"/>
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        <balance>50455.00000000</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>Arrow Financial Corp.</name>
        <lei>2549007Z8GI9ZZIQ1817</lei>
        <title>Arrow Financial Corp.</title>
        <cusip>042744102</cusip>
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          <isin value="US0427441029"/>
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        <balance>37294.00000000</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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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Motorcar Parts of America, Inc.</name>
        <lei>549300AG4610OSV3H429</lei>
        <title>Motorcar Parts of America, Inc.</title>
        <cusip>620071100</cusip>
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        <balance>40930.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>458416.00000000</valUSD>
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      <invstOrSec>
        <name>Tourmaline Bio, Inc.</name>
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      <invstOrSec>
        <name>Protalix BioTherapeutics, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Rezolve AI plc</name>
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        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Zymeworks, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>NexPoint Diversified Real Estate Trust</name>
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          <isin value="US65340G2057"/>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Hennessy Advisors, Inc.</name>
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        <title>Hennessy Advisors, Inc.</title>
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        <balance>10883.00000000</balance>
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        <fairValLevel>1</fairValLevel>
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        <name>Paysign, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Sypris Solutions, Inc.</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>Inozyme Pharma, Inc.</name>
        <lei>N/A</lei>
        <title>Inozyme Pharma, Inc.</title>
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          <isin value="US45790W1080"/>
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        <curCd>USD</curCd>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Costamare Bulkers Holdings Ltd.</name>
        <lei>529900XOR3ESNE5WKB78</lei>
        <title>Costamare Bulkers Holdings Ltd.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>MH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Vistagen Therapeutics, Inc.</name>
        <lei>N/A</lei>
        <title>Vistagen Therapeutics, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Eastman Kodak Co.</name>
        <lei>549300P7J8F3SSMY3E81</lei>
        <title>Eastman Kodak Co.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>BioLife Solutions, Inc.</name>
        <lei>549300G2IVCMC2TJDW72</lei>
        <title>BioLife Solutions, Inc.</title>
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      <invstOrSec>
        <name>EverQuote, Inc.</name>
        <lei>N/A</lei>
        <title>EverQuote, Inc., Class A</title>
        <cusip>30041R108</cusip>
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        <assetCat>EC</assetCat>
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      <invstOrSec>
        <name>Magyar Bancorp, Inc.</name>
        <lei>N/A</lei>
        <title>Magyar Bancorp, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Community Trust Bancorp, Inc.</name>
        <lei>N/A</lei>
        <title>Community Trust Bancorp, Inc.</title>
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        <name>Coya Therapeutics, Inc.</name>
        <lei>N/A</lei>
        <title>Coya Therapeutics, Inc.</title>
        <cusip>22407B108</cusip>
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        <name>Identiv, Inc.</name>
        <lei>5299008KH3C585Z0DS77</lei>
        <title>Identiv, Inc.</title>
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        <name>FAT Brands, Inc.</name>
        <lei>549300TZCVF3UHX37729</lei>
        <title>FAT Brands, Inc., Class A</title>
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      <invstOrSec>
        <name>OptimizeRx Corp.</name>
        <lei>N/A</lei>
        <title>OptimizeRx Corp.</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>First United Corp.</name>
        <lei>549300G54QPXQLB4KN58</lei>
        <title>First United Corp.</title>
        <cusip>33741H107</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Gevo, Inc.</name>
        <lei>549300IV6EW4O1OJD686</lei>
        <title>Gevo, Inc.</title>
        <cusip>374396406</cusip>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FS Bancorp, Inc.</name>
        <lei>N/A</lei>
        <title>FS Bancorp, Inc.</title>
        <cusip>30263Y104</cusip>
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        <balance>14977.00000000</balance>
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      <invstOrSec>
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      <invstOrSec>
        <name>C&amp;F Financial Corp.</name>
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        <name>Bankwell Financial Group, Inc.</name>
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        <name>Lifecore Biomedical, Inc.</name>
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        <title>Lifecore Biomedical, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Old Point Financial Corp.</name>
        <lei>N/A</lei>
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          <isin value="US6801941070"/>
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        <fairValLevel>1</fairValLevel>
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        <name>Aether Holdings, Inc.</name>
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        <name>Adverum Biotechnologies, Inc.</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Kolibri Global Energy, Inc.</name>
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          <isin value="CA50043K4063"/>
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        <fairValLevel>1</fairValLevel>
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        <name>Marchex, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Capital Bancorp, Inc.</name>
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      <invstOrSec>
        <name>Armlogi Holding Corp.</name>
        <lei>N/A</lei>
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        <name>Saga Communications, Inc.</name>
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        <name>Vicarious Surgical, Inc.</name>
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        <name>Tejon Ranch Co.</name>
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        <name>Bank of the James Financial Group, Inc.</name>
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        <name>PDS Biotechnology Corp.</name>
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        <title>PDS Biotechnology Corp.</title>
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        <name>QuinStreet, Inc.</name>
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        <name>CTO Realty Growth, Inc.</name>
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        <name>Fatpipe, Inc.</name>
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        <name>Porch Group, Inc.</name>
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        <title>Porch Group, Inc.</title>
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        <name>Sono-Tek Corp.</name>
        <lei>N/A</lei>
        <title>Sono-Tek Corp.</title>
        <cusip>835483108</cusip>
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      <invstOrSec>
        <name>Jerash Holdings US, Inc.</name>
        <lei>N/A</lei>
        <title>Jerash Holdings US, Inc.</title>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Affinity Bancshares, Inc.</name>
        <lei>N/A</lei>
        <title>Affinity Bancshares, Inc.</title>
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      <invstOrSec>
        <name>IBEX Holdings Ltd.</name>
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      <invstOrSec>
        <name>CBL &amp; Associates Properties, Inc.</name>
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        <name>LSI Industries, Inc.</name>
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        <name>CECO Environmental Corp.</name>
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        <name>National Presto Industries, Inc.</name>
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        <name>First Foundation, Inc.</name>
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        <name>Beazer Homes USA, Inc.</name>
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        <name>Stratus Properties, Inc.</name>
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        <name>Build-A-Bear Workshop, Inc.</name>
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        <name>Ovid therapeutics, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Prime Medicine, Inc.</name>
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        <name>Third Harmonic Bio, Inc.</name>
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        <name>Eledon Pharmaceuticals, Inc.</name>
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        <name>RCI Hospitality Holdings, Inc.</name>
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        <name>Firefly Neuroscience, Inc.</name>
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        <name>Comstock Holding Cos., Inc.</name>
        <lei>549300PHU1FSZ2GXMI11</lei>
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        <name>Outlook Therapeutics, Inc.</name>
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        <name>Patriot National Bancorp, Inc.</name>
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        <name>Knightscope, Inc.</name>
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        <name>Artivion, Inc.</name>
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        <name>Expensify, Inc.</name>
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        <name>American Outdoor Brands, Inc.</name>
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        <name>Microbot Medical, Inc.</name>
        <lei>549300AEUNO16KTJXD72</lei>
        <title>Microbot Medical, Inc.</title>
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        <name>Bluerock Homes Trust, Inc.</name>
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      <invstOrSec>
        <name>Hooker Furnishings Corp.</name>
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        <name>Himalaya Shipping Ltd.</name>
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        <name>Acumen Pharmaceuticals, Inc.</name>
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        <name>Crown Crafts, Inc.</name>
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      <invstOrSec>
        <name>Nano-X Imaging Ltd.</name>
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        <invCountry>IL</invCountry>
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      <invstOrSec>
        <name>Kearny Financial Corp.</name>
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        <name>Newegg Commerce, Inc.</name>
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        <name>Security National Financial Corp.</name>
        <lei>N/A</lei>
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          <isin value="US8147853092"/>
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        <name>Skillz, Inc.</name>
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        <name>Zenas Biopharma, Inc.</name>
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        <name>HomeTrust Bancshares, Inc.</name>
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        <title>HomeTrust Bancshares, Inc.</title>
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        <name>Contra Communications</name>
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        <name>Marwynn Holdings, Inc.</name>
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        <name>Alpha Pro Tech Ltd.</name>
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        <title>Alpha Pro Tech Ltd.</title>
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        <name>Mersana Therapeutics, Inc.</name>
        <lei>529900VWD5VDZ7PVOS22</lei>
        <title>Mersana Therapeutics, Inc.</title>
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        <name>Texas Community Bancshares, Inc.</name>
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        <title>Texas Community Bancshares, Inc.</title>
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        <name>Intellinetics, Inc.</name>
        <lei>N/A</lei>
        <title>Intellinetics, Inc.</title>
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      <invstOrSec>
        <name>LightPath Technologies, Inc.</name>
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        <title>LightPath Technologies, Inc., Class A</title>
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      <invstOrSec>
        <name>Destination XL Group, Inc.</name>
        <lei>N/A</lei>
        <title>Destination XL Group, Inc.</title>
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        <name>Air T, Inc.</name>
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        <name>Hawthorn Bancshares, Inc.</name>
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        <name>NL Industries, Inc.</name>
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        <name>Bridgford Foods Corp.</name>
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        <name>Northeast Community Bancorp, Inc.</name>
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        <name>Faraday Future Intelligent Electric, Inc.</name>
        <lei>529900523LWWEU2Z9V55</lei>
        <title>Faraday Future Intelligent Electric, Inc.</title>
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      <invstOrSec>
        <name>Anebulo Pharmaceuticals, Inc.</name>
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        <name>Calavo Growers, Inc.</name>
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        <name>Cerence, Inc.</name>
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        <name>PMV Pharmaceuticals, Inc.</name>
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        <name>Farmers National Banc Corp.</name>
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        <name>Hingham Institution for Savings (The)</name>
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        <name>Digital Turbine, Inc.</name>
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        <name>Virginia National Bankshares Corp.</name>
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        <name>Pagaya Technologies Ltd.</name>
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        <name>Intelligent Protection Management Corp.</name>
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        <name>Mobile Infrastructure Corp.</name>
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        <name>Tigo Energy, Inc.</name>
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        <name>TScan Therapeutics, Inc.</name>
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        <name>Capricor Therapeutics, Inc.</name>
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        <name>I3 Verticals, Inc.</name>
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        <name>ACCESS Newswire, Inc.</name>
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        <title>ACCESS Newswire, Inc.</title>
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        <name>Verastem, Inc.</name>
        <lei>549300IY0EFBIU8NQC81</lei>
        <title>Verastem, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Achieve Life Sciences, Inc.</name>
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        <title>Achieve Life Sciences, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Peapack-Gladstone Financial Corp.</name>
        <lei>549300G8DN2UK8K0ET30</lei>
        <title>Peapack-Gladstone Financial Corp.</title>
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          <isin value="US7046991078"/>
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        <balance>36116.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Starz Entertainment Corp.</name>
        <lei>5493000JSMHPHZURLM72</lei>
        <title>Starz Entertainment Corp.</title>
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        <identifiers>
          <isin value="CA8559191066"/>
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        <balance>28617.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Provident Bancorp, Inc.</name>
        <lei>N/A</lei>
        <title>Provident Bancorp, Inc.</title>
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          <isin value="US74383L1052"/>
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        <balance>36129.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Terawulf, Inc.</name>
        <lei>254900CVMW1SX2T78A64</lei>
        <title>Terawulf, Inc.</title>
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          <isin value="US88080T1043"/>
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        <balance>597832.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Abeona Therapeutics, Inc.</name>
        <lei>54930002Z8PIJRCB4576</lei>
        <title>Abeona Therapeutics, Inc.</title>
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          <isin value="US00289Y2063"/>
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        <balance>98078.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Rezolute, Inc.</name>
        <lei>549300T05L48T72P2G08</lei>
        <title>Rezolute, Inc.</title>
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          <isin value="US76200L3096"/>
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        <balance>150157.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CareCloud, Inc.</name>
        <lei>549300GEO5Y45G5I3070</lei>
        <title>CareCloud, Inc.</title>
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          <isin value="US14167R1005"/>
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        <balance>62667.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>AXIL Brands, Inc.</name>
        <lei>N/A</lei>
        <title>AXIL Brands, Inc.</title>
        <cusip>76151R206</cusip>
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          <isin value="US76151R2067"/>
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        <balance>7896.00000000</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>i-80 Gold Corp.</name>
        <lei>549300LFFIWIGUEXPK11</lei>
        <title>i-80 Gold Corp.</title>
        <cusip>44955L106</cusip>
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          <isin value="CA44955L1067"/>
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        <balance>64379.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Red River Bancshares, Inc.</name>
        <lei>549300SO63STZV7UHM15</lei>
        <title>Red River Bancshares, Inc.</title>
        <cusip>75686R202</cusip>
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          <isin value="US75686R2022"/>
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        <balance>10631.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Pure Cycle Corp.</name>
        <lei>N/A</lei>
        <title>Pure Cycle Corp.</title>
        <cusip>746228303</cusip>
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          <isin value="US7462283034"/>
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        <balance>44345.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Verde Clean Fuels, Inc.</name>
        <lei>N/A</lei>
        <title>Verde Clean Fuels, Inc., Class A</title>
        <cusip>923372106</cusip>
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        <balance>8757.00000000</balance>
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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>Braemar Hotels &amp; Resorts, Inc.</name>
        <lei>549300JDUUEBN868C776</lei>
        <title>Braemar Hotels &amp; Resorts, Inc.</title>
        <cusip>10482B101</cusip>
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          <isin value="US10482B1017"/>
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        <balance>131962.00000000</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>Femasys, Inc.</name>
        <lei>N/A</lei>
        <title>Femasys, Inc.</title>
        <cusip>31447E105</cusip>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>indie Semiconductor, Inc.</name>
        <lei>254900L1MFXFYGB1PV53</lei>
        <title>indie Semiconductor, Inc., Class A</title>
        <cusip>45569U101</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Epsilon Energy Ltd.</name>
        <lei>N/A</lei>
        <title>Epsilon Energy Ltd.</title>
        <cusip>294375209</cusip>
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          <isin value="CA2943752097"/>
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        <balance>43149.00000000</balance>
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        <valUSD>318439.62000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Ramaco Resources, Inc.</name>
        <lei>5493001BYUI4TCQOPF70</lei>
        <title>Ramaco Resources, Inc., Class B</title>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Modiv Industrial, Inc.</name>
        <lei>N/A</lei>
        <title>Modiv Industrial, Inc., Class C</title>
        <cusip>60784B101</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>ONE Group Hospitality, Inc. (The)</name>
        <lei>549300QFZD4IE5DEBE98</lei>
        <title>ONE Group Hospitality, Inc. (The)</title>
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          <isin value="US88338K1034"/>
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        <balance>57786.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Legacy Housing Corp.</name>
        <lei>N/A</lei>
        <title>Legacy Housing Corp.</title>
        <cusip>52472M101</cusip>
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        <balance>19481.00000000</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>Washington Trust Bancorp, Inc.</name>
        <lei>J66MZFCNJPP3PERHZW54</lei>
        <title>Washington Trust Bancorp, Inc.</title>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Shyft Group, Inc. (The)</name>
        <lei>549300YY0TB51BGRV994</lei>
        <title>Shyft Group, Inc. (The)</title>
        <cusip>825698103</cusip>
        <identifiers>
          <isin value="US8256981031"/>
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        <balance>72969.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>915031.26000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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        <name>Preferred Bank</name>
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        <name>Univest Financial Corp.</name>
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        <name>Atlantic American Corp.</name>
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        <name>First Community Bankshares, Inc.</name>
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        <name>Cass Information Systems, Inc.</name>
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        <name>Nixxy, Inc.</name>
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        <name>Adaptive Biotechnologies Corp.</name>
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        <name>Quipt Home Medical Corp.</name>
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        <name>Redwire Corp.</name>
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        <name>BankFinancial Corp.</name>
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        <name>QuickLogic Corp.</name>
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        <name>Northern Technologies International Corp.</name>
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        <name>PCB Bancorp</name>
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        <name>Instil Bio, Inc.</name>
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        <name>nLight, Inc.</name>
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        <title>nLight, Inc.</title>
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      <invstOrSec>
        <name>DHI Group, Inc.</name>
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        <title>DHI Group, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Bel Fuse, Inc.</name>
        <lei>2549009L4XYDBRRY6X39</lei>
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          <isin value="US0773473006"/>
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        <balance>23347.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Research Frontiers, Inc.</name>
        <lei>N/A</lei>
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          <isin value="US7609111072"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Escalade, Inc.</name>
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          <isin value="US2960561049"/>
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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>Ideal Power, Inc.</name>
        <lei>529900GSUN7DW3QD5F50</lei>
        <title>Ideal Power, Inc.</title>
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          <isin value="US4516222035"/>
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        <balance>16939.00000000</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>Grove Collaborative Holdings</name>
        <lei>N/A</lei>
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          <isin value="US39957D2018"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>National CineMedia, Inc.</name>
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          <isin value="US6353092066"/>
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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>Logistic Properties of The Americas</name>
        <lei>N/A</lei>
        <title>Logistic Properties of The Americas</title>
        <cusip>N/A</cusip>
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          <isin value="KYG5557R1092"/>
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        <balance>6089.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>C4 Therapeutics, Inc.</name>
        <lei>N/A</lei>
        <title>C4 Therapeutics, Inc.</title>
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          <isin value="US12529R1077"/>
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        <balance>135050.00000000</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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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Butterfly Network, Inc.</name>
        <lei>N/A</lei>
        <title>Butterfly Network, Inc., Class A</title>
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          <isin value="US1241551027"/>
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        <balance>430665.00000000</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>Binah Capital Group, Inc.</name>
        <lei>549300V9UMPCDQBCUP61</lei>
        <title>Binah Capital Group, Inc.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Network-1 Technologies, Inc.</name>
        <lei>529900GYEMDKBILURW28</lei>
        <title>Network-1 Technologies, Inc.</title>
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          <isin value="US64121N1090"/>
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        <balance>6482.00000000</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>Nordic American Tankers Ltd.</name>
        <lei>213800W4T8AMPKIPIU94</lei>
        <title>Nordic American Tankers Ltd.</title>
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          <isin value="BMG657731060"/>
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        <assetCat>EC</assetCat>
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        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        </securityLending>
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      <invstOrSec>
        <name>Talkspace, Inc.</name>
        <lei>N/A</lei>
        <title>Talkspace, Inc.</title>
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          <isin value="US87427V1035"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Yext, Inc.</name>
        <lei>5299008ZQSBBVH7K0589</lei>
        <title>Yext, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Optex Systems Holdings, Inc.</name>
        <lei>549300033P679KEYZM56</lei>
        <title>Optex Systems Holdings, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>NCS Multistage Holdings, Inc.</name>
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        <title>NCS Multistage Holdings, Inc.</title>
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        <name>Zynex, Inc.</name>
        <lei>N/A</lei>
        <title>Zynex, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>CorMedix, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>BigBear.ai Holdings, Inc.</name>
        <lei>549300XGCF2ELN28CS63</lei>
        <title>BigBear.ai Holdings, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>BlueLinx Holdings, Inc.</name>
        <lei>549300YSX7GU28F5I540</lei>
        <title>BlueLinx Holdings, Inc.</title>
        <cusip>09624H208</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Weyco Group, Inc.</name>
        <lei>549300I10J38MHJELM87</lei>
        <title>Weyco Group, Inc.</title>
        <cusip>962149100</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Perma-Fix Environmental Services, Inc.</name>
        <lei>54930015OVD1T5P12U15</lei>
        <title>Perma-Fix Environmental Services, Inc.</title>
        <cusip>714157203</cusip>
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        <balance>38797.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>408144.44000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
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        <name>Geospace Technologies Corp.</name>
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        <name>B Riley Financial, Inc.</name>
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        <name>Empire Petroleum Corp.</name>
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        <name>United States Antimony Corp.</name>
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        <name>Ark Restaurants Corp.</name>
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        <name>Digimarc Corp.</name>
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        <name>Heidrick &amp; Struggles International, Inc.</name>
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        <name>Heritage Commerce Corp.</name>
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        <name>CRA International, Inc.</name>
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        <name>Global Medical REIT, Inc.</name>
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        <name>Clarus Corp.</name>
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        <name>DiaMedica Therapeutics, Inc.</name>
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        <name>Orchestra BioMed Holdings, Inc.</name>
        <lei>N/A</lei>
        <title>Orchestra BioMed Holdings, Inc.</title>
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        <name>Koss Corp.</name>
        <lei>N/A</lei>
        <title>Koss Corp.</title>
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      <invstOrSec>
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      <invstOrSec>
        <name>Centrus Energy Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>HireQuest, Inc.</name>
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        <name>X4 Pharmaceuticals, Inc.</name>
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        <name>Dominari Holdings, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Palladyne AI Corp.</name>
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        <name>Union Bankshares, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Cipher Mining, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>5E Advanced Materials, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>ScanSource, Inc.</name>
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      <invstOrSec>
        <name>First Mid Bancshares, Inc.</name>
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        <name>NeuroPace, Inc.</name>
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        </securityLending>
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        <name>NB Bancorp, Inc.</name>
        <lei>N/A</lei>
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        <name>SIGA Technologies, Inc.</name>
        <lei>N/A</lei>
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        <name>Freightos Ltd.</name>
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        <name>KVH Industries, Inc.</name>
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        <invCountry>US</invCountry>
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        <name>Ardmore Shipping Corp.</name>
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        <title>Ardmore Shipping Corp.</title>
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        <name>ThredUp, Inc.</name>
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        <name>ESSA Bancorp, Inc.</name>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Oportun Financial Corp.</name>
        <lei>549300351Y4J4FKIOR78</lei>
        <title>Oportun Financial Corp.</title>
        <cusip>68376D104</cusip>
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      <invstOrSec>
        <name>Penguin Solutions, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Golden Entertainment, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Liquidia Corp.</name>
        <lei>N/A</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>1-800-Flowers.com, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Bassett Furniture Industries, Inc.</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Tiptree, Inc.</name>
        <lei>N/A</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>Synchronoss Technologies, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Power Solutions International, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Metagenomi, Inc.</name>
        <lei>N/A</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Stitch Fix, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>IGM Biosciences, Inc.</name>
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        <title>IGM Biosciences, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Traeger, Inc.</name>
        <lei>N/A</lei>
        <title>Traeger, Inc.</title>
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        <name>MarineMax, Inc.</name>
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        <name>Pursuit Attractions and Hospitality, Inc.</name>
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        <name>Inseego Corp.</name>
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        <title>Inseego Corp.</title>
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        <name>Serve Robotics, Inc.</name>
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        <name>KalVista Pharmaceuticals, Inc.</name>
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        <name>AlTi Global, Inc.</name>
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        <name>Lulu's Fashion Lounge Holdings, Inc.</name>
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        <title>Lulu's Fashion Lounge Holdings, Inc.</title>
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        <name>AXT, Inc.</name>
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        <title>AXT, Inc.</title>
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        <name>Upland Software, Inc.</name>
        <lei>549300NS277POYJ63W89</lei>
        <title>Upland Software, Inc.</title>
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        <name>Prelude Therapeutics, Inc.</name>
        <lei>N/A</lei>
        <title>Prelude Therapeutics, Inc.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Mama's Creations, Inc.</name>
        <lei>N/A</lei>
        <title>Mama's Creations, Inc.</title>
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        </securityLending>
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        <name>Rackspace Technology, Inc.</name>
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        <name>Alico, Inc.</name>
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        <name>Nathan's Famous, Inc.</name>
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        <name>BlackRock Funds III</name>
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        <name>System1, Inc.</name>
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        <name>Spire Global, Inc.</name>
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        <name>Eton Pharmaceuticals, Inc.</name>
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        <name>First Guaranty Bancshares, Inc.</name>
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        <name>Monte Rosa Therapeutics, Inc.</name>
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        <name>Inotiv, Inc.</name>
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        <name>Forian, Inc.</name>
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        <name>Anteris Technologies Global Corp.</name>
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        <title>Anteris Technologies Global Corp.</title>
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        <name>NVE Corp.</name>
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        <title>NVE Corp.</title>
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        <name>Personalis, Inc.</name>
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        <title>Personalis, Inc.</title>
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        <name>Silvercrest Asset Management Group, Inc.</name>
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        <name>NETGEAR, Inc.</name>
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        <name>Dime Community Bancshares, Inc.</name>
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        <title>Dime Community Bancshares, Inc.</title>
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        <name>United Fire Group, Inc.</name>
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        <title>United Fire Group, Inc.</title>
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        <name>Core Molding Technologies, Inc.</name>
        <lei>549300ZY2MFRXCKVIJ28</lei>
        <title>Core Molding Technologies, Inc.</title>
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        <name>Rani Therapeutics Holdings, Inc.</name>
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        <name>Peoples Bancorp, Inc.</name>
        <lei>N/A</lei>
        <title>Peoples Bancorp, Inc.</title>
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      <invstOrSec>
        <name>AirJoule Technologies Corp.</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Fortress Biotech, Inc.</name>
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        <name>BV Financial, Inc.</name>
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        <name>Village Super Market, Inc.</name>
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        <name>Fulcrum Therapeutics, Inc.</name>
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        <name>VirnetX Holding Corp.</name>
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        <name>Central Pacific Financial Corp.</name>
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        <name>Mind Medicine MindMed, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>CVRx, Inc.</name>
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      <invstOrSec>
        <name>Tonix Pharmaceuticals Holding Corp.</name>
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        <title>Tonix Pharmaceuticals Holding Corp.</title>
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        <name>Avalo Therapeutics, Inc.</name>
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        <name>BCB Bancorp, Inc.</name>
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        <name>Cartesian Therapeutics, Inc.</name>
        <lei>529900NMN0LACZOL7C43</lei>
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        <name>Tectonic Therapeutic, Inc.</name>
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        <name>United Homes Group, Inc.</name>
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        <name>RCM Technologies, Inc.</name>
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        <name>NRX Pharmaceuticals, Inc.</name>
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        <name>Aemetis, Inc.</name>
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        <name>Fibrobiologics, Inc.</name>
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        <name>Alta Equipment Group, Inc.</name>
        <lei>549300DGOB28CLGS1X27</lei>
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        <name>Joint Corp. (The)</name>
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        <name>Contra CVR Catalyst, CVR</name>
        <lei>N/A</lei>
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        <name>XOMA Royalty Corp.</name>
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        <name>Spirit Aviation Holdings, Inc.</name>
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        <name>CAMP4 Therapeutics Corp.</name>
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        <name>PrimeEnergy Resources Corp.</name>
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        <name>Twin Disc, Inc.</name>
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        </securityLending>
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        <name>FTC Solar, Inc.</name>
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        <name>Complete Solaria, Inc.</name>
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        <name>FlexShopper, Inc.</name>
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        <name>Energy Vault Holdings, Inc.</name>
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        <name>iTeos Therapeutics, Inc.</name>
        <lei>N/A</lei>
        <title>iTeos Therapeutics, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Everspin Technologies, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Aldeyra Therapeutics, Inc.</name>
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        <title>Aldeyra Therapeutics, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Cloudastructure, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Serina Therapeutics, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Citizens Community Bancorp, Inc.</name>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Puma Biotechnology, Inc.</name>
        <lei>N/A</lei>
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          <isin value="US74587V1070"/>
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        <balance>95250.00000000</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>PepGen, Inc.</name>
        <lei>N/A</lei>
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          <isin value="US7133171055"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>BARK, Inc.</name>
        <lei>N/A</lei>
        <title>BARK, Inc.</title>
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        <name>Lifetime Brands, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Park Aerospace Corp.</name>
        <lei>5299004AG0G7IB636095</lei>
        <title>Park Aerospace Corp.</title>
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        <name>enVVeno Medical Corp.</name>
        <lei>549300KF5KREFECSNV87</lei>
        <title>enVVeno Medical Corp.</title>
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      <invstOrSec>
        <name>Omeros Corp.</name>
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        <title>Omeros Corp.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>LanzaTech Global, Inc.</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <name>Encore Energy Corp.</name>
        <lei>5299007FNX2NVNJM3O59</lei>
        <title>Encore Energy Corp.</title>
        <cusip>29259W700</cusip>
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        <invCountry>CA</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Blue Foundry Bancorp</name>
        <lei>5493008KPK5NJT0FNK56</lei>
        <title>Blue Foundry Bancorp</title>
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        <name>Torrid Holdings, Inc.</name>
        <lei>N/A</lei>
        <title>Torrid Holdings, Inc.</title>
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        <name>Gaia, Inc.</name>
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        <title>Gaia, Inc., Class A</title>
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        <name>Anixa Biosciences, Inc.</name>
        <lei>549300PW2C2QTAJL2D19</lei>
        <title>Anixa Biosciences, Inc.</title>
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        <name>Nautilus Biotechnology, Inc.</name>
        <lei>N/A</lei>
        <title>Nautilus Biotechnology, Inc.</title>
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        <name>Bit Digital, Inc.</name>
        <lei>N/A</lei>
        <title>Bit Digital, Inc.</title>
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        <invCountry>KY</invCountry>

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        <fairValLevel>1</fairValLevel>
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        <name>Sierra Bancorp</name>
        <lei>N/A</lei>
        <title>Sierra Bancorp</title>
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        <invCountry>US</invCountry>
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        <name>Retractable Technologies, Inc.</name>
        <lei>N/A</lei>
        <title>Retractable Technologies, Inc.</title>
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        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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        <name>JAKKS Pacific, Inc.</name>
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        <name>Caleres, Inc.</name>
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      <invstOrSec>
        <name>Bally's Corp.</name>
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        <name>Genie Energy Ltd.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Nerdy, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Gossamer Bio, Inc.</name>
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        <title>Gossamer Bio, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Lifeway Foods, Inc.</name>
        <lei>N/A</lei>
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        <name>scPharmaceuticals, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Y-mAbs Therapeutics, Inc.</name>
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        <title>Y-mAbs Therapeutics, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Crexendo, Inc.</name>
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        <name>Unity Bancorp, Inc.</name>
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        <title>Unity Bancorp, Inc.</title>
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        <name>Provident Financial Holdings, Inc.</name>
        <lei>N/A</lei>
        <title>Provident Financial Holdings, Inc.</title>
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        <name>Shimmick Corp.</name>
        <lei>N/A</lei>
        <title>Shimmick Corp.</title>
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        <name>Hippo Holdings, Inc.</name>
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        <name>KORE Group Holdings, Inc.</name>
        <lei>52990028QM3JTOK66F21</lei>
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        <name>Telomir Pharmaceuticals, Inc.</name>
        <lei>N/A</lei>
        <title>Telomir Pharmaceuticals, Inc.</title>
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        <name>Safe Pro Group, Inc.</name>
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        <name>Bridger Aerospace Group Holdings, Inc.</name>
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        <title>Bridger Aerospace Group Holdings, Inc.</title>
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        <name>Whitehawk Therapeutics, Inc.</name>
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        <title>Whitehawk Therapeutics, Inc.</title>
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        <name>TTEC Holdings, Inc.</name>
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        <title>TTEC Holdings, Inc.</title>
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        <name>Zimvie, Inc.</name>
        <lei>549300GFKURT1J6XR665</lei>
        <title>Zimvie, Inc.</title>
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        <name>Granite Ridge Resources, Inc.</name>
        <lei>254900CAHJQKOQ1YZC67</lei>
        <title>Granite Ridge Resources, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>GrowGeneration Corp.</name>
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        <name>Navitas Semiconductor Corp.</name>
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        <name>Gladstone Land Corp.</name>
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        <name>Sonder Holdings, Inc.</name>
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        <name>Ispire Technology, Inc.</name>
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        <name>Cherry Hill Mortgage Investment Corp.</name>
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        <name>Ampco-Pittsburgh Corp.</name>
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        <name>Cardiff Oncology, Inc.</name>
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        <name>Natural Health Trends Corp.</name>
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        <name>Teekay Corp. Ltd.</name>
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        <name>Tutor Perini Corp.</name>
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        <name>Siebert Financial Corp.</name>
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        <name>Preformed Line Products Co.</name>
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        <name>Fractyl Health, Inc.</name>
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        <name>NANO Nuclear Energy, Inc.</name>
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        <name>Select Water Solutions, Inc.</name>
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        <name>Rhinebeck Bancorp, Inc.</name>
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      </invstOrSec>
      <invstOrSec>
        <name>Kestrel Group Ltd.</name>
        <lei>N/A</lei>
        <title>Kestrel Group Ltd.</title>
        <cusip>N/A</cusip>
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          <isin value="BMG5260K1027"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Ramaco Resources, Inc.</name>
        <lei>5493001BYUI4TCQOPF70</lei>
        <title>Ramaco Resources, Inc., Class A</title>
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          <isin value="US75134P6007"/>
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        <balance>79836.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Quanex Building Products Corp.</name>
        <lei>5493000TL30VL5WOAW87</lei>
        <title>Quanex Building Products Corp.</title>
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          <isin value="US7476191041"/>
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        <balance>106342.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Pathfinder Bancorp, Inc.</name>
        <lei>549300OE0R516BNKW235</lei>
        <title>Pathfinder Bancorp, Inc.</title>
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          <isin value="US70319R1095"/>
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        <balance>7146.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Haverty Furniture Cos., Inc.</name>
        <lei>529900CVFMMIRXZVPD70</lei>
        <title>Haverty Furniture Cos., Inc.</title>
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          <isin value="US4195961010"/>
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        <balance>30468.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Emergent BioSolutions, Inc.</name>
        <lei>549300YW6TUOX8BE5103</lei>
        <title>Emergent BioSolutions, Inc.</title>
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          <isin value="US29089Q1058"/>
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        <balance>119550.00000000</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>Rallybio Corp.</name>
        <lei>N/A</lei>
        <title>Rallybio Corp.</title>
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          <isin value="US75120L1008"/>
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        <balance>13980.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Ribbon Communications, Inc.</name>
        <lei>549300L1E8Z8RL7CUL52</lei>
        <title>Ribbon Communications, Inc.</title>
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          <isin value="US7625441040"/>
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        <balance>210322.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Sionna Therapeutics, Inc.</name>
        <lei>N/A</lei>
        <title>Sionna Therapeutics, Inc.</title>
        <cusip>829401108</cusip>
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          <isin value="US8294011080"/>
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        <balance>20677.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>358745.95000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Aclaris Therapeutics, Inc.</name>
        <lei>5493000B2LQ9QTW1DF52</lei>
        <title>Aclaris Therapeutics, Inc.</title>
        <cusip>00461U105</cusip>
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          <isin value="US00461U1051"/>
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        <balance>203436.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>288879.12000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>LendingTree, Inc.</name>
        <lei>549300ISY5YHUJZTON08</lei>
        <title>LendingTree, Inc.</title>
        <cusip>52603B107</cusip>
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          <isin value="US52603B1070"/>
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        <balance>25071.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>929381.97000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FARO Technologies, Inc.</name>
        <lei>529900MFEFNOFP3YR823</lei>
        <title>FARO Technologies, Inc.</title>
        <cusip>311642102</cusip>
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          <isin value="US3116421021"/>
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        <balance>42604.00000000</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>Cidara Therapeutics, Inc.</name>
        <lei>549300IHQ9Z7RI1X2D22</lei>
        <title>Cidara Therapeutics, Inc.</title>
        <cusip>171757206</cusip>
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          <isin value="US1717572069"/>
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        <balance>30397.00000000</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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      <invstOrSec>
        <name>American Infrastructure Corp.</name>
        <lei>N/A</lei>
        <title>American Infrastructure Corp.</title>
        <cusip>02503H209</cusip>
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          <isin value="US02503H2094"/>
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        <balance>18637.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1.30000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FreightCar America, Inc.</name>
        <lei>254900UEML23YM2EQB31</lei>
        <title>FreightCar America, Inc.</title>
        <cusip>357023100</cusip>
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          <isin value="US3570231007"/>
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        <balance>31953.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Phunware, Inc.</name>
        <lei>549300HLAJYKT2FUQZ26</lei>
        <title>Phunware, Inc.</title>
        <cusip>71948P209</cusip>
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          <isin value="US71948P2092"/>
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        <balance>45409.00000000</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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      <invstOrSec>
        <name>Unifi, Inc.</name>
        <lei>549300MW5LPO0M2LNO04</lei>
        <title>Unifi, Inc.</title>
        <cusip>904677200</cusip>
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          <isin value="US9046772003"/>
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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>Powerfleet, Inc.</name>
        <lei>2549007NKEFPYEH4MF81</lei>
        <title>Powerfleet, Inc.</title>
        <cusip>73931J109</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Hamilton Beach Brands Holding Co.</name>
        <lei>N/A</lei>
        <title>Hamilton Beach Brands Holding Co., Class A</title>
        <cusip>40701T104</cusip>
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        <balance>16028.00000000</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>MicroVision, Inc.</name>
        <lei>5299001A8NIHHA9KOY43</lei>
        <title>MicroVision, Inc.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Sanofi Aatd, Inc.</name>
        <lei>549300VBKG2LTV1TLY22</lei>
        <title>Sanofi Aatd, Inc., CVR</title>
        <cusip>457CVR017</cusip>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Amtech Systems, Inc.</name>
        <lei>5299008VRUUPETM6HZ85</lei>
        <title>Amtech Systems, Inc.</title>
        <cusip>032332504</cusip>
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        <balance>29452.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>130766.88000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <loanByFundCondition isLoanByFund="Y" loanVal="13764.00000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Sachem Capital Corp.</name>
        <lei>N/A</lei>
        <title>Sachem Capital Corp.</title>
        <cusip>78590A109</cusip>
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        <name>Usio, Inc.</name>
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        <name>Strawberry Fields REIT, Inc.</name>
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        <name>South Plains Financial, Inc.</name>
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        <name>Cineverse Corp.</name>
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        <name>Ivanhoe Electric, Inc.</name>
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        <name>Finward Bancorp</name>
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        <name>Metropolitan Bank Holding Corp.</name>
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        <name>CF Bankshares, Inc.</name>
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      <invstOrSec>
        <name>Perpetua Resources Corp.</name>
        <lei>529900BQBMS383SEPY05</lei>
        <title>Perpetua Resources Corp.</title>
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      <invstOrSec>
        <name>Limoneira Co.</name>
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      <invstOrSec>
        <name>Tyra Biosciences, Inc.</name>
        <lei>N/A</lei>
        <title>Tyra Biosciences, Inc.</title>
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      <invstOrSec>
        <name>Nauticus Robotics, Inc.</name>
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        <title>Nauticus Robotics, Inc.</title>
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        <balance>75484.00000000</balance>
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        <name>Home Bancorp, Inc.</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Thryv Holdings, Inc.</name>
        <lei>N/A</lei>
        <title>Thryv Holdings, Inc.</title>
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        <balance>83683.00000000</balance>
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      <invstOrSec>
        <name>Hour Loop, Inc.</name>
        <lei>N/A</lei>
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        <name>Movado Group, Inc.</name>
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      <invstOrSec>
        <name>Zeo Energy Corp.</name>
        <lei>N/A</lei>
        <title>Zeo Energy Corp.</title>
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      <invstOrSec>
        <name>Evolution Petroleum Corp.</name>
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        <title>Evolution Petroleum Corp.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SWK Holdings Corp.</name>
        <lei>N/A</lei>
        <title>SWK Holdings Corp.</title>
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          <isin value="US78501P2039"/>
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        <balance>7004.00000000</balance>
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        <name>Vroom, Inc.</name>
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        <name>Nuvectis Pharma, Inc.</name>
        <lei>N/A</lei>
        <title>Nuvectis Pharma, Inc.</title>
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        <name>AMREP Corp.</name>
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        <name>Akebia Therapeutics, Inc.</name>
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        <name>FrontView REIT, Inc.</name>
        <lei>N/A</lei>
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        <name>Maze Therapeutics, Inc.</name>
        <lei>N/A</lei>
        <title>Maze Therapeutics, Inc.</title>
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        <name>MiMedx Group, Inc.</name>
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        <name>Tenaya Therapeutics, Inc.</name>
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        <title>Tenaya Therapeutics, Inc.</title>
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        <name>AngioDynamics, Inc.</name>
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        <name>Fennec Pharmaceuticals, Inc.</name>
        <lei>5299003IE70ITO2CBM73</lei>
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        <name>CervoMed, Inc.</name>
        <lei>549300I3DV7F8OXPNA12</lei>
        <title>CervoMed, Inc.</title>
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      <invstOrSec>
        <name>Thumzup Media Corp.</name>
        <lei>N/A</lei>
        <title>Thumzup Media Corp.</title>
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        <name>Ranpak Holdings Corp.</name>
        <lei>5493000Z9EZR9DCYOO86</lei>
        <title>Ranpak Holdings Corp., Class A</title>
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        <name>BTCS, Inc.</name>
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        <name>SPAR Group, Inc.</name>
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        <name>CSP, Inc.</name>
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        <name>Concrete Pumping Holdings, Inc.</name>
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        <name>Prenetics Global Ltd.</name>
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        <name>KULR Technology Group, Inc.</name>
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        <name>Dyadic International, Inc.</name>
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        <name>Chicago Atlantic Real Estate Finance, Inc.</name>
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        <name>Anavex Life Sciences Corp.</name>
        <lei>549300K1I5L8COCQ8W36</lei>
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        <name>SunCoke Energy, Inc.</name>
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        <name>American Vanguard Corp.</name>
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        <name>Rocky Brands, Inc.</name>
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        <name>Terns Pharmaceuticals, Inc.</name>
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        <name>CompX International, Inc.</name>
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        <name>iCAD, Inc.</name>
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        <name>Galectin Therapeutics, Inc.</name>
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        <name>Lifevantage Corp.</name>
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        <name>iRobot Corp.</name>
        <lei>5493009PRNKOUKBAT390</lei>
        <title>iRobot Corp.</title>
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        <name>HomeStreet, Inc.</name>
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        <name>Spectral AI, Inc.</name>
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        <name>Marine Products Corp.</name>
        <lei>N/A</lei>
        <title>Marine Products Corp.</title>
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        <name>eHealth, Inc.</name>
        <lei>5299003O8Y5OKXUZQ421</lei>
        <title>eHealth, Inc.</title>
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        <name>M-Tron Industries, Inc.</name>
        <lei>N/A</lei>
        <title>M-Tron Industries, Inc.</title>
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        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>227220.00000000</valUSD>
        <pctVal>0.027772908640</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="193200.00000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Plymouth Industrial REIT, Inc.</name>
        <lei>N/A</lei>
        <title>Plymouth Industrial REIT, Inc.</title>
        <cusip>729640102</cusip>
        <identifiers>
          <isin value="US7296401026"/>
          <other otherDesc="Inhouse Asset ID" value="729640102"/>
        </identifiers>
        <balance>92396.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1483879.76000000</valUSD>
        <pctVal>0.181373369456</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>Sportsman's Warehouse Holdings, Inc.</name>
        <lei>549300JVV8YLQSRSF462</lei>
        <title>Sportsman's Warehouse Holdings, Inc.</title>
        <cusip>84920Y106</cusip>
        <identifiers>
          <isin value="US84920Y1064"/>
          <other otherDesc="Inhouse Asset ID" value="84920Y106"/>
        </identifiers>
        <balance>84607.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>291894.15000000</valUSD>
        <pctVal>0.035677975357</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>Verve Therapeutics, Inc.</name>
        <lei>N/A</lei>
        <title>Verve Therapeutics, Inc.</title>
        <cusip>92539P101</cusip>
        <identifiers>
          <isin value="US92539P1012"/>
          <other otherDesc="Inhouse Asset ID" value="92539P101"/>
        </identifiers>
        <balance>153384.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1722502.32000000</valUSD>
        <pctVal>0.210540003373</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>ImmuCell Corp.</name>
        <lei>5493003G4YVJPVDW6U67</lei>
        <title>ImmuCell Corp.</title>
        <cusip>452525306</cusip>
        <identifiers>
          <isin value="US4525253062"/>
          <other otherDesc="Inhouse Asset ID" value="452525306"/>
        </identifiers>
        <balance>12858.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>89491.68000000</valUSD>
        <pctVal>0.010938492442</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <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"/>





    </explntrNotes>
    <signature>
      <ncom:dateSigned>2025-06-30</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>
  <documents>XXXX</documents>
</edgarSubmission>
