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        <name>Dolby Laboratories, Inc.</name>
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        <name>United Therapeutics Corp.</name>
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        <name>CubeSmart</name>
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        <name>Autoliv, Inc.</name>
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        <name>Esab Corp.</name>
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        <name>Warner Music Group Corp.</name>
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        <name>Gentex Corp.</name>
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      <invstOrSec>
        <name>BioMarin Pharmaceutical, Inc.</name>
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        <name>Equity LifeStyle Properties, Inc.</name>
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        <name>Carlisle Cos., Inc.</name>
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        <name>EPR Properties</name>
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        <name>Haemonetics Corp.</name>
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        <name>nVent Electric plc</name>
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        <name>AECOM</name>
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        <name>Lattice Semiconductor Corp.</name>
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        <name>Doximity, Inc.</name>
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        <name>Curtiss-Wright Corp.</name>
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        <title>Curtiss-Wright Corp.</title>
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        <name>Jazz Pharmaceuticals plc</name>
        <lei>635400GAUMJCLEZRRV50</lei>
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        <name>Option Care Health, Inc.</name>
        <lei>549300DI3Q5ACSYJRI17</lei>
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        <name>TechnipFMC plc</name>
        <lei>549300D5I93QWCJTCK36</lei>
        <title>TechnipFMC plc</title>
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        <name>Kinsale Capital Group, Inc.</name>
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      <invstOrSec>
        <name>Repligen Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Hamilton Lane, Inc.</name>
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        <name>Pinterest, Inc.</name>
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        <name>Stifel Financial Corp.</name>
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        <name>BlackRock Funds III</name>
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        <name>Choice Hotels International, Inc.</name>
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        <name>MGIC Investment Corp.</name>
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        <name>EastGroup Properties, Inc.</name>
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        <name>Hims &amp; Hers Health, Inc.</name>
        <lei>254900V041EIVTSB6D58</lei>
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        <name>Cytokinetics, Inc.</name>
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        <name>Illumina, Inc.</name>
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        <name>HealthEquity, Inc.</name>
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        <name>Globus Medical, Inc.</name>
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        <name>Old Republic International Corp.</name>
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        <name>Genpact Ltd.</name>
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        <name>Acuity, Inc.</name>
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        <name>NewMarket Corp.</name>
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        <name>Amkor Technology, Inc.</name>
        <lei>529900VHLRTKPWZJBM84</lei>
        <title>Amkor Technology, Inc.</title>
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      <invstOrSec>
        <name>Bio-Rad Laboratories, Inc.</name>
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      <invstOrSec>
        <name>Universal Display Corp.</name>
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      <invstOrSec>
        <name>Lincoln Electric Holdings, Inc.</name>
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      <invstOrSec>
        <name>Advanced Drainage Systems, Inc.</name>
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        <name>Mattel, Inc.</name>
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        <name>Moog, Inc.</name>
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        <name>Cognex Corp.</name>
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        <name>Simpson Manufacturing Co., Inc.</name>
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        <name>Royal Gold, Inc.</name>
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        <name>Chart Industries, Inc.</name>
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        <name>ExlService Holdings, Inc.</name>
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        <name>Encompass Health Corp.</name>
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        <title>Encompass Health Corp.</title>
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        <name>AAON, Inc.</name>
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        <name>Valvoline, Inc.</name>
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        <name>Dynatrace, Inc.</name>
        <lei>6488T0Z33CE9L61EX904</lei>
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        <name>Littelfuse, Inc.</name>
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        <name>Five Below, Inc.</name>
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        <name>BWX Technologies, Inc.</name>
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        <name>elf Beauty, Inc.</name>
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        <title>elf Beauty, Inc.</title>
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        <name>WEX, Inc.</name>
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        <name>Cava Group, Inc.</name>
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        <name>Avis Budget Group, Inc.</name>
        <lei>529900E95812SYWMCE44</lei>
        <title>Avis Budget Group, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>LivaNova plc</name>
        <lei>2138001K2FX6SHK2B339</lei>
        <title>LivaNova plc</title>
        <cusip>N/A</cusip>
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      <invstOrSec>
        <name>Okta, Inc.</name>
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        <name>Chemed Corp.</name>
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        <name>Clean Harbors, Inc.</name>
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        <name>Federated Hermes, Inc.</name>
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        <name>Ollie's Bargain Outlet Holdings, Inc.</name>
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      <invstOrSec>
        <name>Knife River Corp.</name>
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        <name>RB Global, Inc.</name>
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        <name>Eagle Materials, Inc.</name>
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        <name>API Group Corp.</name>
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      <invstOrSec>
        <name>Tenet Healthcare Corp.</name>
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      <invstOrSec>
        <name>Antero Midstream Corp.</name>
        <lei>N/A</lei>
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        <name>BellRing Brands, Inc.</name>
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        <name>Travel + Leisure Co.</name>
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        <name>Coca-Cola Consolidated, Inc.</name>
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        <name>YETI Holdings, Inc.</name>
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        <name>Casey's General Stores, Inc.</name>
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        <name>First Industrial Realty Trust, Inc.</name>
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        <name>Oshkosh Corp.</name>
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        <name>Silicon Laboratories, Inc.</name>
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        <name>Hanover Insurance Group, Inc. (The)</name>
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        <name>MSA Safety, Inc.</name>
        <lei>529900DVA3258XK11O39</lei>
        <title>MSA Safety, Inc.</title>
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        <name>Evercore, Inc.</name>
        <lei>529900P6KLPT95DW3W58</lei>
        <title>Evercore, Inc., Class A</title>
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        <name>Bentley Systems, Inc.</name>
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        <name>Primerica, Inc.</name>
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      <invstOrSec>
        <name>UiPath, Inc.</name>
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        <name>Sabra Health Care REIT, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Penumbra, Inc.</name>
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        <name>Manhattan Associates, Inc.</name>
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        <name>N/A</name>
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      <invstOrSec>
        <name>International Bancshares Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Allegro MicroSystems, Inc.</name>
        <lei>54930004TGPV6DR3LE12</lei>
        <title>Allegro MicroSystems, Inc.</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Appfolio, Inc.</name>
        <lei>529900OOUUGT6JFC0S15</lei>
        <title>Appfolio, Inc., Class A</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>TXNM Energy, Inc.</name>
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        <title>TXNM Energy, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>RenaissanceRe Holdings Ltd.</name>
        <lei>EK6GB9U3U58PDI411C94</lei>
        <title>RenaissanceRe Holdings Ltd.</title>
        <cusip>N/A</cusip>
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        <invCountry>BM</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Planet Fitness, Inc.</name>
        <lei>549300LLE5HUPF6H8G33</lei>
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        <name>Wingstop, Inc.</name>
        <lei>549300SSH3F8HPIM3Q47</lei>
        <title>Wingstop, Inc.</title>
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        <name>Arrowhead Pharmaceuticals, Inc.</name>
        <lei>549300O3CSB8T7OZ3D66</lei>
        <title>Arrowhead Pharmaceuticals, Inc.</title>
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        <name>Twilio, Inc.</name>
        <lei>5493004W8TRGD63APX93</lei>
        <title>Twilio, Inc., Class A</title>
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        <name>RPM International, Inc.</name>
        <lei>549300TJCKW4BRXPJ474</lei>
        <title>RPM International, Inc.</title>
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        <name>Houlihan Lokey, Inc.</name>
        <lei>549300S3CNGTQ1QZVY46</lei>
        <title>Houlihan Lokey, Inc., Class A</title>
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        <name>MKS, Inc.</name>
        <lei>549300KEQATBHAGVF505</lei>
        <title>MKS, Inc.</title>
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        <name>Vontier Corp.</name>
        <lei>549300VVSQLG4P5K4639</lei>
        <title>Vontier Corp.</title>
        <cusip>928881101</cusip>
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        <name>Flex Ltd.</name>
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        <title>Flex Ltd.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Core &amp; Main, Inc.</name>
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        <name>MACOM Technology Solutions Holdings, Inc.</name>
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        <name>XPO, Inc.</name>
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        <name>Spire, Inc.</name>
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        <name>Novanta, Inc.</name>
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        <name>Onto Innovation, Inc.</name>
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        <name>American Financial Group, Inc.</name>
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        <name>Belden, Inc.</name>
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        <name>Dick's Sporting Goods, Inc.</name>
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        <name>Ryan Specialty Holdings, Inc.</name>
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        <name>Advanced Energy Industries, Inc.</name>
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        <name>NNN REIT, Inc.</name>
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        <name>Nutanix, Inc.</name>
        <lei>549300X7J6E8TKVIXW09</lei>
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        <name>Halozyme Therapeutics, Inc.</name>
        <lei>529900242I3SV9AGM753</lei>
        <title>Halozyme Therapeutics, Inc.</title>
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        <name>Graco, Inc.</name>
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        <name>TransUnion</name>
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      <invstOrSec>
        <name>Hilton Grand Vacations, Inc.</name>
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        <name>Hexcel Corp.</name>
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        <name>Celsius Holdings, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>ITT, Inc.</name>
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        <name>Texas Capital Bancshares, Inc.</name>
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        <name>Maximus, Inc.</name>
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        <name>Boyd Gaming Corp.</name>
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        <name>SEI Investments Co.</name>
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        <name>East West Bancorp, Inc.</name>
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        <name>Marzetti Co. (The)</name>
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        <name>BlackRock Funds III</name>
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        <name>Sterling Infrastructure, Inc.</name>
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        <name>Blackbaud, Inc.</name>
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        <name>Donaldson Co., Inc.</name>
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        <name>Affiliated Managers Group, Inc.</name>
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        <name>IDACORP, Inc.</name>
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        <name>DocuSign, Inc.</name>
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        <name>EnerSys</name>
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        <name>Carpenter Technology Corp.</name>
        <lei>DX6I6ZD3X5WNNCDJKP85</lei>
        <title>Carpenter Technology Corp.</title>
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        <name>SiTime Corp.</name>
        <lei>N/A</lei>
        <title>SiTime Corp.</title>
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        <name>CACI International, Inc.</name>
        <lei>SYRPI2D1O9WRTS2WX210</lei>
        <title>CACI International, Inc., Class A</title>
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        <name>Churchill Downs, Inc.</name>
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        <name>Hecla Mining Co.</name>
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        <name>Weatherford International plc</name>
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        </securityLending>
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        <name>DT Midstream, Inc.</name>
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        <name>TTM Technologies, Inc.</name>
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        <name>Crane Co.</name>
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        <name>Sprouts Farmers Market, Inc.</name>
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        <name>Hyatt Hotels Corp.</name>
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        <name>New York Times Co. (The)</name>
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        <name>MasTec, Inc.</name>
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        <name>Woodward, Inc.</name>
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        <name>MP Materials Corp.</name>
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        <name>Fortune Brands Innovations, Inc.</name>
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        <name>Rambus, Inc.</name>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="6985636.00000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UL Solutions, Inc.</name>
        <lei>549300F7CUV5ESKV9P71</lei>
        <title>UL Solutions, Inc., Class A</title>
        <cusip>903731107</cusip>
        <identifiers>
          <isin value="US9037311076"/>
          <other otherDesc="Inhouse Asset ID" value="903731107"/>
        </identifiers>
        <balance>469214.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>40216331.94000000</valUSD>
        <pctVal>0.405625882829</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>Flowserve Corp.</name>
        <lei>6Y0GK87T6V7NJKZJVM41</lei>
        <title>Flowserve Corp.</title>
        <cusip>34354P105</cusip>
        <identifiers>
          <isin value="US34354P1057"/>
          <other otherDesc="Inhouse Asset ID" value="34354P105"/>
        </identifiers>
        <balance>772815.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>56809630.65000000</valUSD>
        <pctVal>0.572987527058</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>Vail Resorts, Inc.</name>
        <lei>529900PSZHRNU9HKH870</lei>
        <title>Vail Resorts, Inc.</title>
        <cusip>91879Q109</cusip>
        <identifiers>
          <isin value="US91879Q1094"/>
          <other otherDesc="Inhouse Asset ID" value="91879Q109"/>
        </identifiers>
        <balance>106264.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>13635796.48000000</valUSD>
        <pctVal>0.137531985600</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>Brixmor Property Group, Inc.</name>
        <lei>5299007UXW6Y0W2EGZ95</lei>
        <title>Brixmor Property Group, Inc.</title>
        <cusip>11120U105</cusip>
        <identifiers>
          <isin value="US11120U1051"/>
          <other otherDesc="Inhouse Asset ID" value="11120U105"/>
        </identifiers>
        <balance>856466.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>24666220.80000000</valUSD>
        <pctVal>0.248785931123</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>Burlington Stores, Inc.</name>
        <lei>5299003Z37DVGKKC1W09</lei>
        <title>Burlington Stores, Inc.</title>
        <cusip>122017106</cusip>
        <identifiers>
          <isin value="US1220171060"/>
          <other otherDesc="Inhouse Asset ID" value="122017106"/>
        </identifiers>
        <balance>230644.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>75046944.72000000</valUSD>
        <pctVal>0.756930872043</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>Dycom Industries, Inc.</name>
        <lei>549300F56EKTHQI3WT60</lei>
        <title>Dycom Industries, Inc.</title>
        <cusip>267475101</cusip>
        <identifiers>
          <isin value="US2674751019"/>
          <other otherDesc="Inhouse Asset ID" value="267475101"/>
        </identifiers>
        <balance>182009.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>61668289.38000000</valUSD>
        <pctVal>0.621992437293</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>SLM Corp.</name>
        <lei>N/A</lei>
        <title>SLM Corp.</title>
        <cusip>78442P106</cusip>
        <identifiers>
          <isin value="US78442P1066"/>
          <other otherDesc="Inhouse Asset ID" value="78442P106"/>
        </identifiers>
        <balance>662309.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>14180035.69000000</valUSD>
        <pctVal>0.143021235847</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>Chewy, Inc.</name>
        <lei>254900NPQSTG9I422879</lei>
        <title>Chewy, Inc., Class A</title>
        <cusip>16679L109</cusip>
        <identifiers>
          <isin value="US16679L1098"/>
          <other otherDesc="Inhouse Asset ID" value="16679L109"/>
        </identifiers>
        <balance>970448.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>26202096.00000000</valUSD>
        <pctVal>0.264276919582</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>Kratos Defense &amp; Security Solutions, Inc.</name>
        <lei>5493000EKBN0UY1F3F88</lei>
        <title>Kratos Defense &amp; Security Solutions, Inc.</title>
        <cusip>50077B207</cusip>
        <identifiers>
          <isin value="US50077B2079"/>
          <other otherDesc="Inhouse Asset ID" value="50077B207"/>
        </identifiers>
        <balance>1122369.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>79138238.19000000</valUSD>
        <pctVal>0.798196060727</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="4505589.00000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>National Fuel Gas Co.</name>
        <lei>8JB38FFW1Y3C1HM8E841</lei>
        <title>National Fuel Gas Co.</title>
        <cusip>636180101</cusip>
        <identifiers>
          <isin value="US6361801011"/>
          <other otherDesc="Inhouse Asset ID" value="636180101"/>
        </identifiers>
        <balance>357785.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>33617478.60000000</valUSD>
        <pctVal>0.339069198453</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>Lamar Advertising Co.</name>
        <lei>529900Y8WW4MKVPTB543</lei>
        <title>Lamar Advertising Co., Class A</title>
        <cusip>512816109</cusip>
        <identifiers>
          <isin value="US5128161099"/>
          <other otherDesc="Inhouse Asset ID" value="512816109"/>
        </identifiers>
        <balance>316605.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>40101189.30000000</valUSD>
        <pctVal>0.404464542828</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>National Storage Affiliates Trust</name>
        <lei>529900FS06O8GOYNR108</lei>
        <title>National Storage Affiliates Trust</title>
        <cusip>637870106</cusip>
        <identifiers>
          <isin value="US6378701063"/>
          <other otherDesc="Inhouse Asset ID" value="637870106"/>
        </identifiers>
        <balance>181179.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6837695.46000000</valUSD>
        <pctVal>0.068965669510</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Graham Holdings Co.</name>
        <lei>529900BOSCEEEMAFQJ29</lei>
        <title>Graham Holdings Co., Class B</title>
        <cusip>384637104</cusip>
        <identifiers>
          <isin value="US3846371041"/>
          <other otherDesc="Inhouse Asset ID" value="384637104"/>
        </identifiers>
        <balance>9957.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>10527137.82000000</valUSD>
        <pctVal>0.106177748340</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>Valaris Ltd.</name>
        <lei>5299008BQ9IREYWBTS30</lei>
        <title>Valaris Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BMG9460G1015"/>
          <other otherDesc="Inhouse Asset ID" value="SBMY0YX08"/>
        </identifiers>
        <balance>391344.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>38367365.76000000</valUSD>
        <pctVal>0.386977027926</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="549024.00000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>H&amp;R Block, Inc.</name>
        <lei>549300CE3KUCWLZBG404</lei>
        <title>H&amp;R Block, Inc.</title>
        <cusip>093671105</cusip>
        <identifiers>
          <isin value="US0936711052"/>
          <other otherDesc="Inhouse Asset ID" value="093671105"/>
        </identifiers>
        <balance>400260.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>12704252.40000000</valUSD>
        <pctVal>0.128136340309</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Service Corp. International</name>
        <lei>549300RKVM2ME20JHZ15</lei>
        <title>Service Corp. International</title>
        <cusip>817565104</cusip>
        <identifiers>
          <isin value="US8175651046"/>
          <other otherDesc="Inhouse Asset ID" value="817565104"/>
        </identifiers>
        <balance>449436.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>37082964.36000000</valUSD>
        <pctVal>0.374022428970</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Valmont Industries, Inc.</name>
        <lei>5493009ZGZJJ8F77JN08</lei>
        <title>Valmont Industries, Inc.</title>
        <cusip>920253101</cusip>
        <identifiers>
          <isin value="US9202531011"/>
          <other otherDesc="Inhouse Asset ID" value="920253101"/>
        </identifiers>
        <balance>71782.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>28681933.74000000</valUSD>
        <pctVal>0.289288807142</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>CareTrust REIT, Inc.</name>
        <lei>5493001NVXE2B9GPLU96</lei>
        <title>CareTrust REIT, Inc.</title>
        <cusip>14174T107</cusip>
        <identifiers>
          <isin value="US14174T1079"/>
          <other otherDesc="Inhouse Asset ID" value="14174T107"/>
        </identifiers>
        <balance>1359410.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>49822376.50000000</valUSD>
        <pctVal>0.502513393878</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FTI Consulting, Inc.</name>
        <lei>549300K17GM8EQD0FQ48</lei>
        <title>FTI Consulting, Inc.</title>
        <cusip>302941109</cusip>
        <identifiers>
          <isin value="US3029411093"/>
          <other otherDesc="Inhouse Asset ID" value="302941109"/>
        </identifiers>
        <balance>73631.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>13015751.87000000</valUSD>
        <pctVal>0.131278154627</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="547987.00000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Applied Industrial Technologies, Inc.</name>
        <lei>549300NU173IJRC6PO38</lei>
        <title>Applied Industrial Technologies, Inc.</title>
        <cusip>03820C105</cusip>
        <identifiers>
          <isin value="US03820C1053"/>
          <other otherDesc="Inhouse Asset ID" value="03820C105"/>
        </identifiers>
        <balance>124956.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>33153325.92000000</valUSD>
        <pctVal>0.334387708832</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sotera Health Co.</name>
        <lei>N/A</lei>
        <title>Sotera Health Co.</title>
        <cusip>83601L102</cusip>
        <identifiers>
          <isin value="US83601L1026"/>
          <other otherDesc="Inhouse Asset ID" value="83601L102"/>
        </identifiers>
        <balance>1414731.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>20287242.54000000</valUSD>
        <pctVal>0.204619125328</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="8106402.00000000"/>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in B.5.a have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>


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



    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-03-31</ncom:dateSigned>
      <ncom:nameOfApplicant>iShares Trust</ncom:nameOfApplicant>
      <ncom:signature>Chuck Pulsfort</ncom:signature>
      <ncom:signerName>Chuck Pulsfort</ncom:signerName>
      <ncom:title>Assistant Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
