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        <name>National Bankshares, Inc.</name>
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        <name>Third Coast Bancshares, Inc.</name>
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        <name>SBC Medical Group Holdings, Inc.</name>
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        <name>Thermon Group Holdings, Inc.</name>
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        <name>TSS, Inc.</name>
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        <name>Neurogene, Inc.</name>
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        <name>US Goldmining, Inc.</name>
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        <name>Atara Biotherapeutics, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Oncology Institute, Inc. (The)</name>
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        <fairValLevel>1</fairValLevel>
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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>International Money Express, Inc.</name>
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        <name>Oil-Dri Corp. of America</name>
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        <name>West BanCorp, Inc.</name>
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        <name>Douglas Elliman, Inc.</name>
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        <name>Douglas Dynamics, Inc.</name>
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        <name>Friedman Industries, Inc.</name>
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        <name>RF Industries Ltd.</name>
        <lei>529900MVE73NJ5FHP926</lei>
        <title>RF Industries Ltd.</title>
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        <name>N/A</name>
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          <other otherDesc="Inhouse Asset ID" value="RTSM62026"/>
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        <fairValLevel>1</fairValLevel>
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          <futrDeriv derivCat="FUT">
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              <counterpartyName>CME Clearing House</counterpartyName>
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      <invstOrSec>
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        <fairValLevel>1</fairValLevel>
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        <name>Seven Hills Realty Trust</name>
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          <isin value="US81784E1010"/>
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        <balance>58164.00000000</balance>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Outset Medical, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>ATN International, Inc.</name>
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          <isin value="US00215F1075"/>
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        <fairValLevel>1</fairValLevel>
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        <name>LINKBANCORP, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Southland Holdings, 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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        <name>NewtekOne, Inc.</name>
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        <title>NewtekOne, Inc.</title>
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        <name>US Energy Corp.</name>
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        <title>US Energy Corp.</title>
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        <name>FuelCell Energy, Inc.</name>
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        <title>FuelCell Energy, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Solid Biosciences, Inc.</name>
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        <title>Solid Biosciences, Inc.</title>
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          <isin value="US83422E2046"/>
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        <fairValLevel>1</fairValLevel>
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        <name>Solesence, Inc.</name>
        <lei>N/A</lei>
        <title>Solesence, Inc.</title>
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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>
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        <name>Southern First Bancshares, Inc.</name>
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        <name>Cerus Corp.</name>
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        <name>Universal Logistics Holdings, Inc.</name>
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        <name>Koppers Holdings, Inc.</name>
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        <title>Heron Therapeutics, Inc.</title>
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        <name>SB Financial Group, Inc.</name>
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        <title>SB Financial Group, Inc.</title>
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        <name>Culp, Inc.</name>
        <lei>549300BIJZDD8EVS1U89</lei>
        <title>Culp, Inc.</title>
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      <invstOrSec>
        <name>TrueBlue, Inc.</name>
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      <invstOrSec>
        <name>Rimini Street, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ORIC Pharmaceuticals, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Ethan Allen Interiors, Inc.</name>
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        <payoffProfile>Long</payoffProfile>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Massimo Group</name>
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        <title>Massimo Group</title>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Intrepid Potash, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Daktronics, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Red Cat Holdings, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>OneSpan, Inc.</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Tango Therapeutics, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Ares Commercial Real Estate Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Aviat Networks, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Neuronetics, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Stoneridge, Inc.</name>
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      <invstOrSec>
        <name>Greene County Bancorp, Inc.</name>
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      <invstOrSec>
        <name>inTEST Corp.</name>
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        <title>inTEST Corp.</title>
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      <invstOrSec>
        <name>4D Molecular Therapeutics, Inc.</name>
        <lei>N/A</lei>
        <title>4D Molecular Therapeutics, Inc.</title>
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        <name>Savara, Inc.</name>
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        <title>Savara, Inc.</title>
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        <name>Climb Global Solutions, Inc.</name>
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        <title>Climb Global Solutions, Inc.</title>
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        <name>Home Federal Bancorp, Inc. of Louisiana</name>
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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>
        <title>aka Brands Holding Corp.</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Intellicheck, Inc.</name>
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        <title>Intellicheck, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Stoke Therapeutics, Inc.</name>
        <lei>549300RD25SS2DIJHJ67</lei>
        <title>Stoke Therapeutics, Inc.</title>
        <cusip>86150R107</cusip>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <name>Great Lakes Dredge &amp; Dock Corp.</name>
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        <name>908 Devices, Inc.</name>
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        <name>Boston Omaha Corp.</name>
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        <name>Research Solutions, Inc.</name>
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        <name>Mercantile Bank Corp.</name>
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        <name>Bayfirst Financial Corp.</name>
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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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        <title>Rein Therapeutics, Inc.</title>
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        <name>FRP Holdings, Inc.</name>
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        <name>Arena Group Holdings, Inc. (The)</name>
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        <title>Arena Group Holdings, Inc. (The)</title>
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        <name>First National Corp.</name>
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      <invstOrSec>
        <name>Franklin Covey Co.</name>
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        <name>Vuzix Corp.</name>
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        <name>Kopin Corp.</name>
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        <name>Alumis, Inc.</name>
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        <name>MIND Technology, Inc.</name>
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        <name>Bed Bath &amp; Beyond, Inc.</name>
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        <name>Maxeon Solar Technologies Ltd.</name>
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        <name>Manhattan Bridge Capital, Inc.</name>
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        <name>Quantum-Si, Inc.</name>
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        <name>America's Car-Mart, Inc.</name>
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        <name>Universal Health Realty Income Trust</name>
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        <name>Financial Institutions, Inc.</name>
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        <name>First Bank</name>
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        <name>Contango Silver &amp; Gold, Inc.</name>
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        <name>Blue Ridge Bankshares, Inc.</name>
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        <name>USA TODAY Co., Inc.</name>
        <lei>549300JQ2PU0RI3ZBA32</lei>
        <title>USA TODAY Co., Inc.</title>
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        <name>Wrap Technologies, Inc.</name>
        <lei>N/A</lei>
        <title>Wrap Technologies, Inc.</title>
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      <invstOrSec>
        <name>Solid Power, Inc.</name>
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        <name>Sterling Bancorp, Inc.</name>
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      <invstOrSec>
        <name>Utah Medical Products, Inc.</name>
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        <title>Utah Medical Products, Inc.</title>
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      <invstOrSec>
        <name>Hycroft Mining Holding Corp.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>AmpliTech Group, Inc.</name>
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          <isin value="US03211Q2003"/>
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        <balance>56204.00000000</balance>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Viemed Healthcare, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Northpointe Bancshares, Inc.</name>
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        <name>Tevogen Bio Holdings, Inc.</name>
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        <name>REX American Resources Corp.</name>
        <lei>N/A</lei>
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        <name>Cibus, Inc.</name>
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        <name>California Bancorp</name>
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        <title>California Bancorp</title>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Regional Management Corp.</name>
        <lei>549300S5O87W87JW4146</lei>
        <title>Regional Management Corp.</title>
        <cusip>75902K106</cusip>
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          <isin value="US75902K1060"/>
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        <balance>22817.00000000</balance>
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        <name>Arteris, Inc.</name>
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        <title>Arteris, Inc.</title>
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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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        <name>PAMT Corp.</name>
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        <name>El Pollo Loco Holdings, Inc.</name>
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        <name>SoundThinking, Inc.</name>
        <lei>549300MQV8SOWVNVZ667</lei>
        <title>SoundThinking, Inc.</title>
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        <name>BlackSky Technology, Inc.</name>
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        <name>Mineralys Therapeutics, Inc.</name>
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        <title>Mineralys Therapeutics, Inc.</title>
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        <name>Rockwell Medical, Inc.</name>
        <lei>529900Y6YUB5X93MMD77</lei>
        <title>Rockwell Medical, Inc.</title>
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        <name>Westwood Holdings Group, Inc.</name>
        <lei>N/A</lei>
        <title>Westwood Holdings Group, Inc.</title>
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      <invstOrSec>
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      <invstOrSec>
        <name>Airgain, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>JW Mays, Inc.</name>
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      <invstOrSec>
        <name>Absci Corp.</name>
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        <name>Liquidity Services, Inc.</name>
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      <invstOrSec>
        <name>Palvella Therapeutics, Inc.</name>
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        <name>Mastech Digital, Inc.</name>
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        <name>Aspen Aerogels, Inc.</name>
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        </securityLending>
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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>Immunic, Inc.</name>
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        <title>Immunic, Inc.</title>
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        <name>AIRO Group Holdings, Inc.</name>
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        <name>Century Casinos, Inc.</name>
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        <name>AstroNova, Inc.</name>
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        <name>Trinseo plc</name>
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        <name>Princeton Bancorp, Inc.</name>
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        <name>Lakeland Industries, Inc.</name>
        <lei>549300HGP70IM9WKU164</lei>
        <title>Lakeland Industries, Inc.</title>
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        <name>Live Ventures, Inc.</name>
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        <title>Live Ventures, Inc.</title>
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        <name>FONAR Corp.</name>
        <lei>N/A</lei>
        <title>FONAR Corp.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Orchid Island Capital, Inc.</name>
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      <invstOrSec>
        <name>Oramed Pharmaceuticals, Inc.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>MediciNova, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Coda Octopus Group, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Genasys, Inc.</name>
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          <isin value="US36872P1030"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Park-Ohio Holdings Corp.</name>
        <lei>N/A</lei>
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          <isin value="US7006661000"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Radiant Logistics, Inc.</name>
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        <title>Radiant Logistics, 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>OS Therapies, Inc.</name>
        <lei>N/A</lei>
        <title>OS Therapies, Inc.</title>
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          <isin value="US68764Y2072"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Grid Dynamics Holdings, Inc.</name>
        <lei>9845007E77EEC65AZE29</lei>
        <title>Grid Dynamics Holdings, Inc., Class A</title>
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          <isin value="US39813G1094"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Clearfield, Inc.</name>
        <lei>529900M4S2OQ1ADPR537</lei>
        <title>Clearfield, Inc.</title>
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          <isin value="US18482P1030"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Limbach Holdings, Inc.</name>
        <lei>254900EW8KXT5ZTWQI30</lei>
        <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>
        <lei>5493004823BTPRPZ8750</lei>
        <title>Skye Bioscience, Inc.</title>
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          <isin value="US83086J2006"/>
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        <balance>50202.00000000</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>Global Self Storage, Inc.</name>
        <lei>N/A</lei>
        <title>Global Self Storage, Inc.</title>
        <cusip>37955N106</cusip>
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        <balance>26771.00000000</balance>
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        <fairValLevel>1</fairValLevel>
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        </securityLending>
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      <invstOrSec>
        <name>Modular Medical, Inc.</name>
        <lei>N/A</lei>
        <title>Modular Medical, Inc.</title>
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        <name>Design Therapeutics, Inc.</name>
        <lei>N/A</lei>
        <title>Design Therapeutics, Inc.</title>
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        <balance>60206.00000000</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>Superior Group of Cos., Inc.</name>
        <lei>UOX145EEO0TB0ZWX2152</lei>
        <title>Superior Group of Cos., Inc.</title>
        <cusip>868358102</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>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>32885.00000000</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>IZEA Worldwide, Inc.</name>
        <lei>549300ZNN8UBT1IUHO61</lei>
        <title>IZEA Worldwide, Inc.</title>
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          <isin value="US46604H2040"/>
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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>Optinose, Inc.</name>
        <lei>549300CPBME7Z3CYMN16</lei>
        <title>Optinose, Inc., CVR</title>
        <cusip>684CVR012</cusip>
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        <invCountry>US</invCountry>
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        <name>OptimumBank Holdings, Inc.</name>
        <lei>N/A</lei>
        <title>OptimumBank Holdings, Inc.</title>
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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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        <balance>10223.00000000</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>Heritage Global, Inc.</name>
        <lei>N/A</lei>
        <title>Heritage Global, Inc.</title>
        <cusip>42727E103</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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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>American Superconductor Corp.</name>
        <lei>549300S9YT8Z8LOK4452</lei>
        <title>American Superconductor Corp.</title>
        <cusip>030111207</cusip>
        <identifiers>
          <isin value="US0301112076"/>
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        <balance>116153.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3931779.05000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>Northfield Bancorp, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>World Acceptance Corp.</name>
        <lei>N/A</lei>
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          <isin value="US9814191048"/>
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      <invstOrSec>
        <name>flyExclusive, Inc.</name>
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        <name>Pangaea Logistics Solutions Ltd.</name>
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          <isin value="BMG6891L1054"/>
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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>Energy Services of America Corp.</name>
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          <isin value="US29271Q1031"/>
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        <balance>29556.00000000</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>Titan International, Inc.</name>
        <lei>254900CXRGBE7C4B5A06</lei>
        <title>Titan International, Inc.</title>
        <cusip>88830M102</cusip>
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          <isin value="US88830M1027"/>
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        <balance>122373.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Pioneer Bancorp, Inc.</name>
        <lei>N/A</lei>
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          <isin value="US7235611065"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Groupon, Inc.</name>
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        <title>Groupon, Inc.</title>
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        <balance>64005.00000000</balance>
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        <fairValLevel>1</fairValLevel>
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        <name>Universal Electronics, Inc.</name>
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        <title>Universal Electronics, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Angel Oak Mortgage REIT, Inc.</name>
        <lei>5493008M8D7W7VZZ7V36</lei>
        <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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        <name>Farmers &amp; Merchants Bancorp, Inc.</name>
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        <title>Farmers &amp; Merchants Bancorp, Inc.</title>
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        <name>ACRES Commercial Realty Corp.</name>
        <lei>549300RUJWPCMY4JFR46</lei>
        <title>ACRES Commercial Realty Corp.</title>
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        <name>Nurix Therapeutics, Inc.</name>
        <lei>N/A</lei>
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        <name>Pliant Therapeutics, Inc.</name>
        <lei>5493002Q5LITR7VHZH02</lei>
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        <name>Satellogic, Inc.</name>
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        <name>JFB Construction Holdings</name>
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        <name>Ohio Valley Banc Corp.</name>
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        <name>Perma-Pipe International Holdings, Inc.</name>
        <lei>549300QBMR25XXRKXK93</lei>
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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>
        <lei>N/A</lei>
        <title>Phathom Pharmaceuticals, Inc.</title>
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        <name>TETRA Technologies, Inc.</name>
        <lei>549300T5W131705EK832</lei>
        <title>TETRA Technologies, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Red Robin Gourmet Burgers, Inc.</name>
        <lei>529900V6NUMBYX34LV46</lei>
        <title>Red Robin Gourmet Burgers, Inc.</title>
        <cusip>75689M101</cusip>
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      <invstOrSec>
        <name>Chemung Financial Corp.</name>
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        <name>QCR Holdings, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Immuneering Corp.</name>
        <lei>N/A</lei>
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          <isin value="US45254E1073"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>GBank Financial Holdings, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>First Northwest Bancorp</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SEACOR Marine Holdings, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Zedge, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Natural Grocers by Vitamin Cottage, Inc.</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>TuHURA Biosciences, Inc.</name>
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        <title>TuHURA Biosciences, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Hudson Technologies, Inc.</name>
        <lei>N/A</lei>
        <title>Hudson Technologies, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Lantronix, Inc.</name>
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        <name>EVI Industries, Inc.</name>
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        <title>EVI Industries, Inc.</title>
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        <name>Capital City Bank Group, Inc.</name>
        <lei>254900NVLVUJQZKTQE82</lei>
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        <name>Entrada Therapeutics, Inc.</name>
        <lei>N/A</lei>
        <title>Entrada Therapeutics, Inc.</title>
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        <name>Alpha Teknova, Inc.</name>
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        <name>Open Lending Corp.</name>
        <lei>N/A</lei>
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        <name>ReposiTrak, Inc.</name>
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        <name>Benitec Biopharma, Inc.</name>
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        <name>Southern Missouri Bancorp, Inc.</name>
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        <name>Organogenesis Holdings, Inc.</name>
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        <name>Gladstone Commercial Corp.</name>
        <lei>529900EVVV534W8R0T32</lei>
        <title>Gladstone Commercial Corp.</title>
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        <name>Phibro Animal Health Corp.</name>
        <lei>549300U24SP4AF2JUX52</lei>
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        <name>Editas Medicine, Inc.</name>
        <lei>5299000AON4Q9NT2JE42</lei>
        <title>Editas Medicine, Inc.</title>
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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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        <fairValLevel>1</fairValLevel>
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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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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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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>MapLight Therapeutics, Inc.</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>
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        <name>First Bancorp, Inc. (The)</name>
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        <name>Aura Biosciences, Inc.</name>
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        <title>Aura Biosciences, Inc.</title>
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        <name>CPI Card Group, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>BK Technologies Corp.</name>
        <lei>N/A</lei>
        <title>BK Technologies Corp.</title>
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          <isin value="US05587G2030"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Aveanna Healthcare Holdings, Inc.</name>
        <lei>N/A</lei>
        <title>Aveanna Healthcare Holdings, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Viridian Therapeutics, Inc.</name>
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        <title>Viridian 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>Sound Financial Bancorp, Inc.</name>
        <lei>N/A</lei>
        <title>Sound Financial Bancorp, Inc.</title>
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          <isin value="US83607A1007"/>
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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>Shore Bancshares, Inc.</name>
        <lei>N/A</lei>
        <title>Shore Bancshares, Inc.</title>
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          <isin value="US8251071051"/>
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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>XBP Global Holdings, Inc.</name>
        <lei>984500BE0P94C4CD8C71</lei>
        <title>XBP Global Holdings, Inc.</title>
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          <isin value="US98400V2007"/>
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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>Old Second Bancorp, Inc.</name>
        <lei>549300XVJC1MPUT81C04</lei>
        <title>Old Second Bancorp, Inc.</title>
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          <isin value="US6802771005"/>
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        <balance>127375.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2567880.00000000</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>ClearPoint Neuro, Inc.</name>
        <lei>N/A</lei>
        <title>ClearPoint Neuro, Inc.</title>
        <cusip>18507C103</cusip>
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          <isin value="US18507C1036"/>
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        <balance>69903.00000000</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>OraSure Technologies, Inc.</name>
        <lei>529900GNNJPNM4XHXQ77</lei>
        <title>OraSure Technologies, Inc.</title>
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          <isin value="US68554V1089"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>LB Pharmaceuticals, Inc.</name>
        <lei>N/A</lei>
        <title>LB Pharmaceuticals, Inc.</title>
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          <isin value="US50180M1080"/>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Esperion Therapeutics, Inc.</name>
        <lei>549300OFU56UKEWVUS92</lei>
        <title>Esperion Therapeutics, Inc.</title>
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          <isin value="US29664W1053"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Nexpoint Real Estate Finance, Inc.</name>
        <lei>N/A</lei>
        <title>Nexpoint Real Estate Finance, Inc.</title>
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          <isin value="US65342V1017"/>
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        <balance>16788.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Applied Digital Corp.</name>
        <lei>2549004NE2B6RYXINZ02</lei>
        <title>Applied Digital Corp.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Accuray, Inc.</name>
        <lei>549300G28LY4TZKZJG51</lei>
        <title>Accuray, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>NPK International, Inc.</name>
        <lei>54930073OHWDQW4DJN26</lei>
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      <invstOrSec>
        <name>Neonc Technologies Holdings, Inc.</name>
        <lei>N/A</lei>
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        <name>Olema Pharmaceuticals, Inc.</name>
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        <title>Olema Pharmaceuticals, Inc.</title>
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        <name>Laser Photonics Corp.</name>
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        <title>Laser Photonics Corp.</title>
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        <name>NN, Inc.</name>
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        <title>NN, Inc.</title>
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        <name>Spruce Power Holding Corp.</name>
        <lei>549300W71XJ8DIF9RQ35</lei>
        <title>Spruce Power Holding Corp.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>SurgePays, Inc.</name>
        <lei>549300107QZQ6Y0W4S20</lei>
        <title>SurgePays, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Barfresh Food Group, Inc.</name>
        <lei>N/A</lei>
        <title>Barfresh Food Group, Inc.</title>
        <cusip>067532200</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>Karat Packaging, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Children's Place, Inc. (The)</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>LCNB Corp.</name>
        <lei>N/A</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Industrial Logistics Properties Trust</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Flanigan's Enterprises, Inc.</name>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Kingstone Cos., 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>InspireMD, Inc.</name>
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        <title>InspireMD, Inc.</title>
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          <isin value="US45779A8466"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Picard Medical, Inc.</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Mid Penn Bancorp, 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>ALT5 Sigma Corp.</name>
        <lei>549300FLMHTQ5MK4YD23</lei>
        <title>ALT5 Sigma Corp.</title>
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          <isin value="US47089W1045"/>
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        <balance>277416.00000000</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>Midland States Bancorp, Inc.</name>
        <lei>5493006RHXW9TTBWYC94</lei>
        <title>Midland States Bancorp, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Standard BioTools, Inc.</name>
        <lei>549300GX8Y96GSB6YP89</lei>
        <title>Standard BioTools, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>MacroGenics, Inc.</name>
        <lei>5493001KJQUA83L8MH79</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>Bel Fuse, Inc.</name>
        <lei>2549009L4XYDBRRY6X39</lei>
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        <name>Smith &amp; Wesson Brands, Inc.</name>
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        <title>Smith &amp; Wesson Brands, Inc.</title>
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        <name>Finwise Bancorp</name>
        <lei>N/A</lei>
        <title>Finwise Bancorp</title>
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        <name>Skillsoft Corp.</name>
        <lei>213800IN3X8SP8HFLL39</lei>
        <title>Skillsoft Corp., Class A</title>
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        <name>Gencor Industries, Inc.</name>
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        <name>Medifast, Inc.</name>
        <lei>5299000YHQJ21T5KKI80</lei>
        <title>Medifast, Inc.</title>
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        <name>Richmond Mutual BanCorp, Inc.</name>
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        <name>Inovio Pharmaceuticals, Inc.</name>
        <lei>529900B9W875XDZXTM97</lei>
        <title>Inovio Pharmaceuticals, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Dave, Inc.</name>
        <lei>25490061SUVXCW51RZ82</lei>
        <title>Dave, Inc., Class A</title>
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      <invstOrSec>
        <name>Ames National Corp.</name>
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        <title>Ames National Corp.</title>
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      <invstOrSec>
        <name>AN2 Therapeutics, Inc.</name>
        <lei>N/A</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>T3 Defense, Inc.</name>
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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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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>GPGI, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Colony Bankcorp, Inc.</name>
        <lei>N/A</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Kodiak Sciences, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Rekor Systems, Inc.</name>
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        <title>Rekor Systems, 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>MediWound Ltd.</name>
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        <invCountry>IL</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>loanDepot, Inc.</name>
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          <isin value="US53946R1068"/>
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        <fairValLevel>1</fairValLevel>
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        <name>AirSculpt Technologies, Inc.</name>
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        <name>Scilex Holding Co.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Genco Shipping &amp; Trading Ltd.</name>
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        <title>Genco Shipping &amp; Trading Ltd.</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>ReElement Technologies Corp.</name>
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        <name>Forrester Research, Inc.</name>
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        <name>Zevia PBC</name>
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        <name>Richardson Electronics Ltd.</name>
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        <title>Richardson Electronics Ltd.</title>
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        <name>Smart Sand, Inc.</name>
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        <title>Smart Sand, Inc.</title>
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        <name>Amalgamated Financial Corp.</name>
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        <name>Esquire Financial Holdings, Inc.</name>
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        <title>Esquire Financial Holdings, Inc.</title>
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        <name>National Research Corp.</name>
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        <title>National Research Corp.</title>
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        <name>Amerant Bancorp, Inc.</name>
        <lei>54930071V6LIG79MTL10</lei>
        <title>Amerant Bancorp, Inc., Class A</title>
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        <invCountry>US</invCountry>
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        <name>Mistras Group, Inc.</name>
        <lei>5493000CMNXVLND3FU73</lei>
        <title>Mistras Group, Inc.</title>
        <cusip>60649T107</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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        <name>Theravance Biopharma, Inc.</name>
        <lei>5493007VTSXP4Z6MIW52</lei>
        <title>Theravance Biopharma, Inc.</title>
        <cusip>N/A</cusip>
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      <invstOrSec>
        <name>Celcuity, 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>Vera Bradley, Inc.</name>
        <lei>52990005Q6LEJKXO7M51</lei>
        <title>Vera Bradley, 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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        </securityLending>
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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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        <balance>47534.00000000</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>ON24, Inc.</name>
        <lei>254900S6S9YKYTO9Q964</lei>
        <title>ON24, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Biglari Holdings, Inc.</name>
        <lei>549300GLWWSODF8TM682</lei>
        <title>Biglari Holdings, Inc., Class B</title>
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          <isin value="US08986R3093"/>
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        <balance>1696.00000000</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>Surrozen, Inc.</name>
        <lei>N/A</lei>
        <title>Surrozen, Inc.</title>
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          <isin value="US86889P2083"/>
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        <balance>12228.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Commercial Vehicle Group, Inc.</name>
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        <title>Commercial Vehicle Group, Inc.</title>
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          <isin value="US2026081057"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Innovative Solutions &amp; 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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        <balance>37672.00000000</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>Ultralife Corp.</name>
        <lei>529900NVAFLKA00F3U05</lei>
        <title>Ultralife Corp.</title>
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          <isin value="US9038991025"/>
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        <balance>25528.00000000</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>Roadzen, Inc.</name>
        <lei>N/A</lei>
        <title>Roadzen, Inc.</title>
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          <isin value="VGG7606H1082"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>VG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <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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          <isin value="US1461031064"/>
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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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          <isin value="US74940T1043"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Pro-Dex, Inc.</name>
        <lei>529900EB2AJA079NT411</lei>
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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.</title>
        <cusip>65345M108</cusip>
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          <isin value="US65345M1080"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Bank First Corp.</name>
        <lei>N/A</lei>
        <title>Bank First Corp.</title>
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      <invstOrSec>
        <name>Emerald Holding, Inc.</name>
        <lei>N/A</lei>
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        <name>Orion Properties, Inc.</name>
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        <title>Orion Properties, Inc.</title>
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        <name>Innventure, Inc.</name>
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        <title>Innventure, Inc.</title>
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        <name>iRadimed Corp.</name>
        <lei>549300YVHWP0YJ1YW816</lei>
        <title>iRadimed Corp.</title>
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      <invstOrSec>
        <name>ADC Therapeutics SA</name>
        <lei>N/A</lei>
        <title>ADC Therapeutics SA</title>
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        <invCountry>CH</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>NET Lease Office Properties</name>
        <lei>N/A</lei>
        <title>NET Lease Office Properties</title>
        <cusip>64110Y108</cusip>
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        <balance>37061.00000000</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>Ooma, Inc.</name>
        <lei>N/A</lei>
        <title>Ooma, Inc.</title>
        <cusip>683416101</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>Hyster-Yale, Inc.</name>
        <lei>N/A</lei>
        <title>Hyster-Yale, Inc., Class A</title>
        <cusip>449172105</cusip>
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          <isin value="US4491721050"/>
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        <balance>30649.00000000</balance>
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        <name>Nutriband, Inc.</name>
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        <name>Community West Bancshares</name>
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      <invstOrSec>
        <name>TrustCo Bank Corp.</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Contineum Therapeutics, Inc.</name>
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          <isin value="US21217B1008"/>
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      <invstOrSec>
        <name>CGrowth Capital, 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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        <fairValLevel>1</fairValLevel>
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        <name>Kimball Electronics, Inc.</name>
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        <name>James River Group Holdings, 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>SolarMax Technology, Inc.</name>
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        <name>ACCO Brands Corp.</name>
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        <name>Filana Therapeutics, Inc.</name>
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        <name>Broadway Financial Corp.</name>
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        <name>Turtle Beach Corp.</name>
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        <title>Turtle Beach Corp.</title>
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        <name>Columbus McKinnon Corp.</name>
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        <title>Columbus McKinnon Corp.</title>
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        <name>Cardlytics, Inc.</name>
        <lei>549300JETJBH94EIPC66</lei>
        <title>Cardlytics, Inc.</title>
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      <invstOrSec>
        <name>Business First Bancshares, Inc.</name>
        <lei>549300ILTC50KHDX4A08</lei>
        <title>Business First Bancshares, Inc.</title>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Natural Gas Services Group, Inc.</name>
        <lei>N/A</lei>
        <title>Natural Gas Services Group, Inc.</title>
        <cusip>63886Q109</cusip>
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        <name>Great Elm Group, Inc.</name>
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        <name>MVB Financial Corp.</name>
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        <name>Forum Energy Technologies, Inc.</name>
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        <name>Burke &amp; Herbert Financial Services Corp.</name>
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        <name>Immunome, Inc.</name>
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        <name>3D Systems Corp.</name>
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        <name>Inmune Bio, Inc.</name>
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        <name>Neonode, Inc.</name>
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        <name>Vistance Networks, Inc.</name>
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        <name>OmniAb, Inc.</name>
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        <name>Sera Prognostics, Inc.</name>
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        <name>Pulse Biosciences, Inc.</name>
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        <name>eGain Corp.</name>
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      <invstOrSec>
        <name>EW Scripps Co. (The)</name>
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      <invstOrSec>
        <name>DeFi Development Corp.</name>
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        <name>BGSF, Inc.</name>
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      <invstOrSec>
        <name>AMCON Distributing Co.</name>
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        <name>Metrocity Bankshares, Inc.</name>
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        <name>SI-BONE, Inc.</name>
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        <name>AmeriServ Financial, Inc.</name>
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        <name>Aebi Schmidt Holding AG</name>
        <lei>506700TN58RT735OV464</lei>
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        <name>Sunrise Realty Trust, Inc.</name>
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        <name>Aeva Technologies, Inc.</name>
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        <name>Arcturus Therapeutics Holdings, Inc.</name>
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        <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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        <name>HeartBeam, Inc.</name>
        <lei>N/A</lei>
        <title>HeartBeam, Inc.</title>
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      <invstOrSec>
        <name>American Coastal Insurance Corp.</name>
        <lei>5299002P9105LJQA8G51</lei>
        <title>American Coastal Insurance Corp.</title>
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      <invstOrSec>
        <name>Focus Universal, Inc.</name>
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        <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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      <invstOrSec>
        <name>Quanterix Corp.</name>
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        <name>Idaho Strategic Resources, Inc.</name>
        <lei>N/A</lei>
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        <name>Orange County Bancorp, Inc.</name>
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        <name>Cadrenal Therapeutics, Inc.</name>
        <lei>N/A</lei>
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        <name>Ranger Energy Services, Inc.</name>
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        <name>Designer Brands, Inc.</name>
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        <name>Jade Biosciences, Inc.</name>
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        <name>LifeMD, Inc.</name>
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        <name>Coherus Oncology, Inc.</name>
        <lei>5493007IL8W5MV932D26</lei>
        <title>Coherus Oncology, Inc.</title>
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        <name>Xos, Inc.</name>
        <lei>254900ZQWJF169CBQB40</lei>
        <title>Xos, Inc.</title>
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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>Medallion Financial Corp.</name>
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        <name>Chaince Digital Holdings, Inc.</name>
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        <name>KLX Energy Services Holdings, Inc.</name>
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        <name>Flushing Financial Corp.</name>
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        <name>Cullinan Therapeutics, Inc.</name>
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        <name>Veea, Inc.</name>
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        <name>Perspective Therapeutics, Inc.</name>
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        <name>HealthStream, Inc.</name>
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        <name>Alpha &amp; Omega Semiconductor Ltd.</name>
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        <name>Hallador Energy Co.</name>
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        <name>Inspired Entertainment, Inc.</name>
        <lei>549300ZUGYK6NBIU6D69</lei>
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        <name>Great Southern Bancorp, Inc.</name>
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        <name>Diamond Hill Investment Group, Inc.</name>
        <lei>549300AQ6779A0B7VZ57</lei>
        <title>Diamond Hill Investment Group, Inc.</title>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Franklin Wireless Corp.</name>
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      <invstOrSec>
        <name>Airship AI Holdings, Inc.</name>
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      <invstOrSec>
        <name>Off The Hook YS, 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>OppFi, Inc.</name>
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        <name>Northeast Bank</name>
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      <invstOrSec>
        <name>Where Food Comes From, Inc.</name>
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      <invstOrSec>
        <name>Bank of Marin Bancorp</name>
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      <invstOrSec>
        <name>Caesarstone Ltd.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Mayville Engineering Co., Inc.</name>
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        <name>Waterstone Financial, Inc.</name>
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        <name>Flotek Industries, Inc.</name>
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        <name>Beauty Health Co. (The)</name>
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        <name>CEVA, Inc.</name>
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        <name>Octave Specialty Group, Inc.</name>
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        <name>Cato Corp. (The)</name>
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        <name>Bright Minds Biosciences, Inc.</name>
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        <name>Winmark Corp.</name>
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        <name>Independent Bank Corp.</name>
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        <title>Independent Bank Corp.</title>
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        <name>Zspace, Inc.</name>
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        <title>Zspace, Inc.</title>
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        <name>United Bancorp, Inc.</name>
        <lei>N/A</lei>
        <title>United Bancorp, Inc.</title>
        <cusip>909911109</cusip>
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        <assetCat>EC</assetCat>
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      <invstOrSec>
        <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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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Cross Country Healthcare, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Codexis, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Astronics Corp.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Public Policy Holding Co., Inc.</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Cabaletta Bio, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Insight Molecular Diagnostics, Inc.</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Clearwater Paper Corp.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CuriosityStream, Inc.</name>
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          <isin value="US23130Q1076"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Playstudios, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Bristow Group, Inc.</name>
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        <name>Johnson Outdoors, Inc.</name>
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        <name>Monogram Technologies, Inc.</name>
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        <name>Daily Journal Corp.</name>
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        <title>Daily Journal Corp.</title>
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        <name>Monopar Therapeutics, Inc.</name>
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        <name>CS Disco, Inc.</name>
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        <name>MDxHealth SA</name>
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        <name>Precision Optics Corp., Inc.</name>
        <lei>N/A</lei>
        <title>Precision Optics Corp., Inc.</title>
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        <name>Elicio Therapeutics, Inc.</name>
        <lei>254900EE2QKYD5SGI956</lei>
        <title>Elicio Therapeutics, Inc.</title>
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        <name>Duluth Holdings, Inc.</name>
        <lei>549300B6G8G3WGHFYU15</lei>
        <title>Duluth Holdings, Inc., Class B</title>
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        <invCountry>US</invCountry>
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        <name>Resources Connection, Inc.</name>
        <lei>N/A</lei>
        <title>Resources Connection, Inc.</title>
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        <name>Allied Gaming &amp; Entertainment, Inc.</name>
        <lei>549300LQ2W8Q2EETCL11</lei>
        <title>Allied Gaming &amp; Entertainment, Inc.</title>
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        <name>CNB Financial Corp.</name>
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        <name>Dakota Gold Corp.</name>
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        <name>York Water Co. (The)</name>
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        <name>Bandwidth, Inc.</name>
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        <name>Zura Bio Ltd.</name>
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        <name>Magnera Corp.</name>
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        <name>Seneca Foods Corp.</name>
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        <name>Envela Corp.</name>
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        <name>Manitowoc Co., Inc. (The)</name>
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        <name>Cooper-Standard Holdings, Inc.</name>
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        <name>Tactile Systems Technology, Inc.</name>
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        <name>Allient, Inc.</name>
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        <name>Coastal Financial Corp.</name>
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        <name>Franklin BSP Realty Trust, Inc.</name>
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        <name>UroGen Pharma Ltd.</name>
        <lei>549300C0YCX7CG2G5D50</lei>
        <title>UroGen Pharma Ltd.</title>
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      <invstOrSec>
        <name>Compass Therapeutics, Inc.</name>
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      <invstOrSec>
        <name>Universal Insurance Holdings, Inc.</name>
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      <invstOrSec>
        <name>Tucows, Inc.</name>
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      <invstOrSec>
        <name>L B Foster Co.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Seres Therapeutics, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Kyverna Therapeutics, Inc.</name>
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        <name>NextNRG, Inc.</name>
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        <name>Apyx Medical Corp.</name>
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      <invstOrSec>
        <name>Bank7 Corp.</name>
        <lei>N/A</lei>
        <title>Bank7 Corp.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Zumiez, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>American Battery Technology Co.</name>
        <lei>529900JBJ8D85CDPHQ69</lei>
        <title>American Battery Technology Co.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Arq, Inc.</name>
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        <title>Arq, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Hanover Bancorp, Inc.</name>
        <lei>N/A</lei>
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        <name>Comstock, Inc.</name>
        <lei>549300PX1C7TOIY9SK20</lei>
        <title>Comstock, Inc.</title>
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        <name>Strive, Inc.</name>
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        <name>Byline Bancorp, Inc.</name>
        <lei>549300W7ODP4YL2H4823</lei>
        <title>Byline Bancorp, Inc.</title>
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        <name>Surf Air Mobility, Inc.</name>
        <lei>N/A</lei>
        <title>Surf Air Mobility, Inc.</title>
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        <name>CytoSorbents Corp.</name>
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        <invCountry>US</invCountry>
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        <name>First Business Financial Services, Inc.</name>
        <lei>549300BXKLW2T50TKU95</lei>
        <title>First Business Financial Services, Inc.</title>
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      <invstOrSec>
        <name>Claritev Corp.</name>
        <lei>N/A</lei>
        <title>Claritev Corp.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>aTyr Pharma, Inc.</name>
        <lei>529900ENQUXMC5EBKO36</lei>
        <title>aTyr Pharma, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>vTv Therapeutics, Inc.</name>
        <lei>549300WQE5EI9R35SE66</lei>
        <title>vTv Therapeutics, Inc., Class A</title>
        <cusip>918385204</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>DocGo, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>First Internet Bancorp</name>
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        <title>First Internet Bancorp</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Priority Technology Holdings, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>W&amp;T Offshore, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Rain Enhancement Technologies Holdco, Inc.</name>
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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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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Fluent, Inc.</name>
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        <title>Fluent, Inc.</title>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>USCB Financial Holdings, 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>LENSAR, Inc.</name>
        <lei>N/A</lei>
        <title>LENSAR, 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>MaxCyte, Inc.</name>
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        <title>MaxCyte, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Nature's Sunshine Products, Inc.</name>
        <lei>N/A</lei>
        <title>Nature's Sunshine Products, 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>Odysight.ai, Inc.</name>
        <lei>549300FBP1ANSJE5TE25</lei>
        <title>Odysight.ai, Inc.</title>
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        <name>INNOVATE Corp.</name>
        <lei>549300S6O246JWQQ1K58</lei>
        <title>INNOVATE Corp.</title>
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        <name>1stdibs.com, Inc.</name>
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        <name>Shoe Carnival, Inc.</name>
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        <invCountry>US</invCountry>
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        <name>Playboy, Inc.</name>
        <lei>N/A</lei>
        <title>Playboy, Inc.</title>
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        <name>iHeartMedia, Inc.</name>
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        <name>Fibrobiologics, Inc.</name>
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        <invCountry>US</invCountry>
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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>
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      <invstOrSec>
        <name>Summit State Bank</name>
        <lei>N/A</lei>
        <title>Summit State Bank</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Nutriband, Inc.</name>
        <lei>549300OZV3WLQQWOD724</lei>
        <title>Nutriband, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Frequency Electronics, Inc.</name>
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        <name>Meridian Corp.</name>
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        <name>Acacia Research Corp.</name>
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        <name>Unusual Machines, Inc.</name>
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        <name>BJ's Restaurants, Inc.</name>
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        <name>TransAct Technologies, Inc.</name>
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        <name>ECB Bancorp, Inc.</name>
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        <name>Fold Holdings, Inc.</name>
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        <name>SKYX Platforms Corp.</name>
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        <name>Critical Metals Corp.</name>
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        <name>Unisys Corp.</name>
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        <name>Atlanticus Holdings 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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        <name>Global Water Resources, Inc.</name>
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        <name>Selectquote, Inc.</name>
        <lei>549300BV28BWDIN9SP24</lei>
        <title>Selectquote, Inc.</title>
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        <name>Nexxen International Ltd.</name>
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        <name>Summit Midstream Corp.</name>
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        <name>Protara Therapeutics, Inc.</name>
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        <name>European Wax Center, Inc.</name>
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        <name>Gain Therapeutics, Inc.</name>
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        <name>Investar Holding Corp.</name>
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        <name>Quince Therapeutics, Inc.</name>
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        <name>Annexon, Inc.</name>
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        <title>Annexon, Inc.</title>
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        <name>Aware, Inc.</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Immersion Corp.</name>
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        <name>Health Catalyst, Inc.</name>
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      <invstOrSec>
        <name>Sky Harbour Group Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Precision BioSciences, Inc.</name>
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      <invstOrSec>
        <name>Black Diamond Therapeutics, Inc.</name>
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        <name>ConnectOne Bancorp, Inc.</name>
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      <invstOrSec>
        <name>First Community Corp.</name>
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        <title>First Community Corp.</title>
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        <name>Armata Pharmaceuticals, Inc.</name>
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        <name>Metallus, Inc.</name>
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        <name>Inhibrx Biosciences, Inc.</name>
        <lei>N/A</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>Clipper Realty, Inc.</name>
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        <name>Whitestone REIT</name>
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        <title>Whitestone REIT</title>
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        <name>Virgin Galactic Holdings, Inc.</name>
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        <name>Farmland Partners, Inc.</name>
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        <name>Exicure, Inc.</name>
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        <name>Entravision Communications Corp.</name>
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        <name>Prairie Operating Co.</name>
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        <title>Prairie Operating Co.</title>
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        <name>United-Guardian, Inc.</name>
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        <name>GCT Semiconductor Holding, Inc.</name>
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        <title>GCT Semiconductor Holding, Inc.</title>
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        <name>Franklin Street Properties Corp.</name>
        <lei>549300STLK2T6QY5WO82</lei>
        <title>Franklin Street Properties Corp.</title>
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      <invstOrSec>
        <name>Sleep Number Corp.</name>
        <lei>529900W0TZQLBT2DSS66</lei>
        <title>Sleep Number Corp.</title>
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      <invstOrSec>
        <name>Genesco, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Domo, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Ichor Holdings Ltd.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Ponce Financial Group, Inc.</name>
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        <name>AdvanSix, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Ascent Industries Co.</name>
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        <name>Transcat, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Townsquare Media, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>NACCO Industries, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Arrive AI, Inc.</name>
        <lei>N/A</lei>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Riley Exploration Permian, Inc.</name>
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        <title>Riley Exploration Permian, Inc.</title>
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        <name>Oruka Therapeutics, Inc.</name>
        <lei>529900TG7O4ESUDMGI54</lei>
        <title>Oruka Therapeutics, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Taysha Gene Therapies, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Resolute Holdings Management, Inc.</name>
        <lei>N/A</lei>
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        <name>Gambling.com Group Ltd.</name>
        <lei>254900PUNXQ3N26IMU63</lei>
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        <assetCat>EC</assetCat>
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        <invCountry>JE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>MediaAlpha, Inc.</name>
        <lei>N/A</lei>
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        <name>Urban One, 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>Angi, Inc.</name>
        <lei>5493003ENY577E6SZL06</lei>
        <title>Angi, Inc., Class A</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Unitil Corp.</name>
        <lei>N/A</lei>
        <title>Unitil Corp.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Ceribell, Inc.</name>
        <lei>N/A</lei>
        <title>Ceribell, Inc.</title>
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        <name>Taylor Devices, Inc.</name>
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        <name>Aehr Test Systems</name>
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        <name>Willis Lease Finance Corp.</name>
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      <invstOrSec>
        <name>AerSale Corp.</name>
        <lei>N/A</lei>
        <title>AerSale Corp.</title>
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          <isin value="US00810F1066"/>
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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>Civista Bancshares, Inc.</name>
        <lei>5493001LX61Z2UVYSC48</lei>
        <title>Civista Bancshares, Inc.</title>
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          <isin value="US1788671071"/>
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        <balance>51327.00000000</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>NSTS Bancorp, Inc.</name>
        <lei>N/A</lei>
        <title>NSTS Bancorp, Inc.</title>
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          <isin value="US6293JP1094"/>
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        <balance>11185.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
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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>VAALCO Energy, Inc.</name>
        <lei>549300CFHFVIWB8M6T24</lei>
        <title>VAALCO Energy, Inc.</title>
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          <isin value="US91851C2017"/>
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        <balance>261086.00000000</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>Odyssey Marine Exploration, 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>Atomera, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>BayCom Corp.</name>
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        <title>BayCom Corp.</title>
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          <isin value="US07272M1071"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Finance of America Cos., Inc.</name>
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          <isin value="US31738L2060"/>
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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>Five Star Bancorp</name>
        <lei>5493008ZRBIHKWC0JA73</lei>
        <title>Five Star Bancorp</title>
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          <isin value="US33830T1034"/>
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        <balance>39594.00000000</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>Bowman Consulting Group Ltd.</name>
        <lei>N/A</lei>
        <title>Bowman Consulting Group Ltd.</title>
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          <isin value="US1030021018"/>
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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>Journey Medical Corp.</name>
        <lei>N/A</lei>
        <title>Journey Medical Corp.</title>
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          <isin value="US48115J1097"/>
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        <balance>51560.00000000</balance>
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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>Better Home &amp; Finance Holding Co.</name>
        <lei>529900VAMR5CW7WS5H57</lei>
        <title>Better Home &amp; Finance Holding Co.</title>
        <cusip>08774B508</cusip>
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          <isin value="US08774B5084"/>
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        <balance>15013.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>534763.06000000</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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      <invstOrSec>
        <name>Regis Corp.</name>
        <lei>5493000Q1S5TJIDIQH89</lei>
        <title>Regis Corp.</title>
        <cusip>758932206</cusip>
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          <isin value="US7589322061"/>
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        <balance>5519.00000000</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>Immix Biopharma, Inc.</name>
        <lei>N/A</lei>
        <title>Immix Biopharma, Inc.</title>
        <cusip>45258H106</cusip>
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        <balance>86999.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Insteel Industries, Inc.</name>
        <lei>52990026LKY4MOX3L174</lei>
        <title>Insteel Industries, Inc.</title>
        <cusip>45774W108</cusip>
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          <isin value="US45774W1080"/>
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        <balance>47108.00000000</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>OP Bancorp</name>
        <lei>549300LTYZMS0Q13U522</lei>
        <title>OP Bancorp</title>
        <cusip>67109R109</cusip>
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          <isin value="US67109R1095"/>
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        <balance>30226.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Ferroglobe plc</name>
        <lei>2138005GCFJACFTZUD90</lei>
        <title>Ferroglobe plc</title>
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        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        </securityLending>
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      <invstOrSec>
        <name>FB Bancorp, Inc.</name>
        <lei>N/A</lei>
        <title>FB Bancorp, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Pulmonx Corp.</name>
        <lei>549300WZMFR0ZK7RJY40</lei>
        <title>Pulmonx Corp.</title>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Auburn National BanCorp, Inc.</name>
        <lei>N/A</lei>
        <title>Auburn National Bancorp, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>NI Holdings, Inc.</name>
        <lei>549300LLJVCO2EGU3180</lei>
        <title>NI Holdings, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Alector, Inc.</name>
        <lei>549300Z8RQOIY1JMHC25</lei>
        <title>Alector, Inc.</title>
        <cusip>014442107</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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          <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>73436.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <name>Lee Enterprises, Inc.</name>
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        <name>AnaptysBio, Inc.</name>
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        <name>Alto Neuroscience, Inc.</name>
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        <name>Delcath Systems, Inc.</name>
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        <name>Velocity Financial, Inc.</name>
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        <name>BuzzFeed, Inc.</name>
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        <name>SmartFinancial, Inc.</name>
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        <name>Lifezone Metals Ltd.</name>
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        <name>OrthoPediatrics Corp.</name>
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        <name>Donegal Group, Inc.</name>
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        <name>Electromed, Inc.</name>
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        <name>Simulations Plus, Inc.</name>
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        <name>Citizens Financial Services, Inc.</name>
        <lei>5493005JSTWQNVUE0825</lei>
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        <name>Envoy Medical, Inc.</name>
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        <name>Cumberland Pharmaceuticals, Inc.</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>CB Financial Services, Inc.</name>
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      <invstOrSec>
        <name>Vanda Pharmaceuticals, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Western New England Bancorp, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Farmer Bros Co.</name>
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        <title>Farmer Bros Co.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Owlet, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Allbirds, Inc.</name>
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        <name>Aquestive Therapeutics, Inc.</name>
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        <name>Covenant Logistics Group, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Quantum Corp.</name>
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        <title>Quantum Corp.</title>
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          <isin value="US7479066000"/>
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        <fairValLevel>1</fairValLevel>
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        <name>Miller Industries, Inc.</name>
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        <title>Miller Industries, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Linkhome Holdings, Inc.</name>
        <lei>N/A</lei>
        <title>Linkhome Holdings, Inc.</title>
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          <isin value="US53578M1027"/>
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        <name>BTCS, Inc.</name>
        <lei>549300HVP35DWSOZOH21</lei>
        <title>BTCS, Inc.</title>
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        <name>Catalyst Bancorp, Inc.</name>
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        <name>Information Services Group, Inc.</name>
        <lei>549300ZUNI6DQ0G8Q273</lei>
        <title>Information Services Group, Inc.</title>
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        <name>Onity Group, Inc.</name>
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        <name>Inhibikase Therapeutics, Inc.</name>
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        <title>Inhibikase Therapeutics, Inc.</title>
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        <name>Marcus Corp. (The)</name>
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        <title>Marcus Corp. (The)</title>
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        <name>Lightbridge Corp.</name>
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        <title>Lightbridge Corp.</title>
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        <name>Vishay Precision Group, Inc.</name>
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      <invstOrSec>
        <name>Norwood Financial Corp.</name>
        <lei>N/A</lei>
        <title>Norwood Financial Corp.</title>
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        <name>Ikena Oncology Securities Corp.</name>
        <lei>N/A</lei>
        <title>Ikena Oncology Securities Corp., CVR</title>
        <cusip>451CVR039</cusip>
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        <name>Cogent Biosciences, Inc.</name>
        <lei>N/A</lei>
        <title>Cogent Biosciences, Inc.</title>
        <cusip>19240Q201</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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          <isLoanByFund>N</isLoanByFund>
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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>42667.00000000</balance>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Ashford Hospitality Trust, Inc.</name>
        <lei>N/A</lei>
        <title>Ashford Hospitality Trust, 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>
      <invstOrSec>
        <name>GoHealth, Inc.</name>
        <lei>N/A</lei>
        <title>GoHealth, Inc., Class A</title>
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          <isin value="US38046W2044"/>
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        <balance>23109.00000000</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>Applied Optoelectronics, Inc.</name>
        <lei>529900I8U6Q5SYDNLT48</lei>
        <title>Applied Optoelectronics, 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>Horizon Bancorp, Inc.</name>
        <lei>549300U2OQ2EIT5MXG39</lei>
        <title>Horizon Bancorp, 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>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>129590.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <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>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Peoples Financial Services Corp.</name>
        <lei>254900HXI30XMTDCGJ18</lei>
        <title>Peoples Financial Services 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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Eagle Bancorp Montana, Inc.</name>
        <lei>549300P2SVRIY3YU1412</lei>
        <title>Eagle Bancorp Montana, Inc.</title>
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          <isin value="US26942G1004"/>
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        <balance>18928.00000000</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>GSI Technology, Inc.</name>
        <lei>N/A</lei>
        <title>GSI Technology, Inc.</title>
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          <isin value="US36241U1060"/>
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        <balance>76093.00000000</balance>
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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>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>7857.00000000</balance>
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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>Beyond Meat, Inc.</name>
        <lei>549300XQ946NCE51DR09</lei>
        <title>Beyond Meat, Inc.</title>
        <cusip>08862E109</cusip>
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          <isin value="US08862E1091"/>
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        <balance>1057506.00000000</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>Rave Restaurant Group, Inc.</name>
        <lei>N/A</lei>
        <title>Rave Restaurant Group, Inc.</title>
        <cusip>754198109</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>MainStreet Bancshares, Inc.</name>
        <lei>549300FHZZP7SP56TS88</lei>
        <title>MainStreet Bancshares, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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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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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Cryo-Cell International, Inc.</name>
        <lei>254900AQWFD6AR2J7Z30</lei>
        <title>Cryo-Cell International, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Virco Mfg. Corp.</name>
        <lei>N/A</lei>
        <title>Virco Mfg. Corp.</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Cadiz, Inc.</name>
        <lei>549300PFFIS1TCKZS151</lei>
        <title>Cadiz, Inc.</title>
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        <name>RideNow Group, Inc.</name>
        <lei>549300HTVW82DG77Y276</lei>
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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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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Lucid Diagnostics, Inc.</name>
        <lei>N/A</lei>
        <title>Lucid Diagnostics, Inc.</title>
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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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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Agenus, Inc.</name>
        <lei>529900NDQQGU5H4UJK81</lei>
        <title>Agenus, Inc.</title>
        <cusip>00847G804</cusip>
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        <balance>81358.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>271735.72000000</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="241401.84000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Jasper Therapeutics, Inc.</name>
        <lei>N/A</lei>
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        <name>Drilling Tools International Corp.</name>
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        <name>Enviri Corp.</name>
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        <name>Broadwind, Inc.</name>
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        <name>Duos Technologies Group, Inc.</name>
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        <name>Eastern Co. (The)</name>
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        <name>Ouster, Inc.</name>
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        <title>Ouster, Inc.</title>
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      <invstOrSec>
        <name>Tela Bio, Inc.</name>
        <lei>N/A</lei>
        <title>Tela Bio, Inc.</title>
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      <invstOrSec>
        <name>eXoZymes, Inc.</name>
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        <name>Orrstown Financial Services, Inc.</name>
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      <invstOrSec>
        <name>Xeris Biopharma Holdings, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>A10 Networks, Inc.</name>
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      <invstOrSec>
        <name>First Financial Corp.</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Smith-Midland Corp.</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>ACNB Corp.</name>
        <lei>N/A</lei>
        <title>ACNB Corp.</title>
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        <balance>25641.00000000</balance>
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        <invCountry>US</invCountry>
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        <name>Kingsway Financial Services, Inc.</name>
        <lei>N/A</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>Turning Point Brands, Inc.</name>
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      <invstOrSec>
        <name>BRT Apartments Corp.</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Barnes &amp; Noble Education, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>United Security Bancshares</name>
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        <name>Origin Bancorp, Inc.</name>
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        <name>Eagle Financial Services, Inc.</name>
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        <name>RE/MAX Holdings, Inc.</name>
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        <name>Consolidated Water Co. Ltd.</name>
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        <name>Buda Juice, Inc.</name>
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        <name>Asure Software, Inc.</name>
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        <name>NeoVolta, Inc.</name>
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        <title>NeoVolta, Inc.</title>
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        <name>Legacy Education, Inc.</name>
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        <title>Legacy Education, Inc.</title>
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      <invstOrSec>
        <name>SunOpta, Inc.</name>
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      <invstOrSec>
        <name>Myers Industries, Inc.</name>
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        <name>Postal Realty Trust, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Arrow Financial Corp.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Motorcar Parts of America, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <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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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Zymeworks, Inc.</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>NexPoint Diversified Real Estate Trust</name>
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        <title>NexPoint Diversified Real Estate Trust</title>
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          <isin value="US65340G2057"/>
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        <fairValLevel>1</fairValLevel>
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        <name>Hennessy Advisors, Inc.</name>
        <lei>549300OM5HCSFZO7FR31</lei>
        <title>Hennessy Advisors, Inc.</title>
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        <name>Paysign, Inc.</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Sypris Solutions, Inc.</name>
        <lei>N/A</lei>
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        <name>Costamare Bulkers Holdings Ltd.</name>
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        <title>Costamare Bulkers Holdings Ltd.</title>
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        <name>Vistagen Therapeutics, Inc.</name>
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        <name>Eastman Kodak Co.</name>
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        <title>Eastman Kodak Co.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>BioLife Solutions, Inc.</name>
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        <title>BioLife Solutions, Inc.</title>
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        <name>EverQuote, Inc.</name>
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        <name>Magyar Bancorp, Inc.</name>
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        <name>Community Trust Bancorp, Inc.</name>
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        <name>Coya Therapeutics, Inc.</name>
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        <title>Coya Therapeutics, Inc.</title>
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        <name>Identiv, Inc.</name>
        <lei>5299008KH3C585Z0DS77</lei>
        <title>Identiv, Inc.</title>
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        <name>OptimizeRx Corp.</name>
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      <invstOrSec>
        <name>First United Corp.</name>
        <lei>549300G54QPXQLB4KN58</lei>
        <title>First United Corp.</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Gevo, Inc.</name>
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        <title>Gevo, Inc.</title>
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        <payoffProfile>Long</payoffProfile>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>FS Bancorp, Inc.</name>
        <lei>N/A</lei>
        <title>FS Bancorp, Inc.</title>
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          <isin value="US30263Y1047"/>
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        <balance>16563.00000000</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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      </invstOrSec>
      <invstOrSec>
        <name>Artiva Biotherapeutics, Inc.</name>
        <lei>N/A</lei>
        <title>Artiva Biotherapeutics, Inc.</title>
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          <isin value="US04317A1079"/>
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        <balance>8845.00000000</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>C&amp;F Financial Corp.</name>
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        <title>C&amp;F Financial Corp.</title>
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          <isin value="US12466Q1040"/>
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        <balance>7756.00000000</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>Bankwell Financial Group, Inc.</name>
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        <title>Bankwell Financial Group, Inc.</title>
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          <isin value="US06654A1034"/>
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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>Lifecore Biomedical, Inc.</name>
        <lei>549300EHBZ5OM9ND9O43</lei>
        <title>Lifecore Biomedical, Inc.</title>
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          <isin value="US5147661046"/>
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        <balance>70181.00000000</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>Aether Holdings, Inc.</name>
        <lei>N/A</lei>
        <title>Aether Holdings, Inc.</title>
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          <isin value="US00809R2022"/>
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        <balance>10098.00000000</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>Avidbank Holdings, Inc.</name>
        <lei>54930029UJ8M0B84EE44</lei>
        <title>Avidbank Holdings, Inc.</title>
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          <isin value="US05368J1034"/>
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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>Kolibri Global Energy, Inc.</name>
        <lei>N/A</lei>
        <title>Kolibri Global Energy, Inc.</title>
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          <isin value="CA50043K4063"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>CA</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Marchex, Inc.</name>
        <lei>N/A</lei>
        <title>Marchex, Inc., Class B</title>
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          <isin value="US56624R1086"/>
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        <balance>56646.00000000</balance>
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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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>American Infrastructure, Inc.</name>
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        <title>American Infrastructure, Inc.</title>
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      <invstOrSec>
        <name>Capital Bancorp, Inc.</name>
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        <title>Capital Bancorp, Inc.</title>
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      <invstOrSec>
        <name>Armlogi Holding Corp.</name>
        <lei>N/A</lei>
        <title>Armlogi Holding Corp.</title>
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        <balance>45738.00000000</balance>
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      <invstOrSec>
        <name>Saga Communications, Inc.</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Tejon Ranch Co.</name>
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        <title>Tejon Ranch Co.</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Bank of the James Financial Group, Inc.</name>
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      <invstOrSec>
        <name>PDS Biotechnology Corp.</name>
        <lei>5493002KU8ACFTSMC935</lei>
        <title>PDS Biotechnology Corp.</title>
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      <invstOrSec>
        <name>QuinStreet, Inc.</name>
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        <title>QuinStreet, Inc.</title>
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      <invstOrSec>
        <name>CTO Realty Growth, Inc.</name>
        <lei>254900ZQ99OFO1WXS678</lei>
        <title>CTO Realty Growth, Inc.</title>
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        <name>Fatpipe, Inc.</name>
        <lei>N/A</lei>
        <title>Fatpipe, Inc.</title>
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        <name>Porch Group, Inc.</name>
        <lei>549300NXEI7CVW8IXQ90</lei>
        <title>Porch Group, Inc.</title>
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      <invstOrSec>
        <name>Sono-Tek Corp.</name>
        <lei>N/A</lei>
        <title>Sono-Tek Corp.</title>
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        <fairValLevel>1</fairValLevel>
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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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      <invstOrSec>
        <name>Affinity Bancshares, Inc.</name>
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      <invstOrSec>
        <name>IBEX Holdings Ltd.</name>
        <lei>5493000GRFLPVYU2CX17</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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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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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CECO Environmental Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>National Presto Industries, Inc.</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <name>First Foundation, Inc.</name>
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        <title>First Foundation, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>enVVeno Medical Corp.</name>
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        <title>enVVeno Medical Corp.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Beazer Homes USA, Inc.</name>
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        <title>Beazer Homes USA, Inc.</title>
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          <isin value="US07556Q8814"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Stratus Properties, Inc.</name>
        <lei>5493008I6ZRDZWT8ZZ15</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>Build-A-Bear Workshop, Inc.</name>
        <lei>529900S9MWZC1UBF3D13</lei>
        <title>Build-A-Bear Workshop, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Prime Medicine, Inc.</name>
        <lei>N/A</lei>
        <title>Prime Medicine, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Third Harmonic Bio, Inc.</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <name>Eledon Pharmaceuticals, Inc.</name>
        <lei>549300S17CAM13O43606</lei>
        <title>Eledon Pharmaceuticals, Inc.</title>
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        <name>RCI Hospitality Holdings, Inc.</name>
        <lei>529900COXP1MLE1UKG69</lei>
        <title>RCI Hospitality Holdings, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Firefly Neuroscience, Inc.</name>
        <lei>N/A</lei>
        <title>Firefly Neuroscience, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Comstock Holding Cos., Inc.</name>
        <lei>549300PHU1FSZ2GXMI11</lei>
        <title>Comstock Holding Cos., Inc., Class A</title>
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        <name>Outlook Therapeutics, Inc.</name>
        <lei>5493007AWUJ6HPMCBH11</lei>
        <title>Outlook Therapeutics, Inc.</title>
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        <name>Patriot National Bancorp, Inc.</name>
        <lei>549300T1270P6QIGPD23</lei>
        <title>Patriot National Bancorp, Inc.</title>
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        <name>Knightscope, Inc.</name>
        <lei>529900SPJPKVQ3VDAY21</lei>
        <title>Knightscope, Inc., Class A</title>
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        <name>Artivion, Inc.</name>
        <lei>549300YTKV8DMSMG6K81</lei>
        <title>Artivion, Inc.</title>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Expensify, Inc.</name>
        <lei>N/A</lei>
        <title>Expensify, Inc., Class A</title>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>American Outdoor Brands, Inc.</name>
        <lei>N/A</lei>
        <title>American Outdoor Brands, Inc.</title>
        <cusip>02875D109</cusip>
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      <invstOrSec>
        <name>Hooker Furnishings Corp.</name>
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        <name>Nano-X Imaging Ltd.</name>
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        <name>Kearny Financial Corp.</name>
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        <name>Security National Financial Corp.</name>
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        <name>HomeTrust Bancshares, Inc.</name>
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        <name>Alpha Pro Tech Ltd.</name>
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        <name>LightPath Technologies, Inc.</name>
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        <name>Destination XL Group, Inc.</name>
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      <invstOrSec>
        <name>SELLAS Life Sciences Group, Inc.</name>
        <lei>549300VZIH50VYURLQ98</lei>
        <title>SELLAS Life Sciences Group, Inc.</title>
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        <name>Air T, Inc.</name>
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        <name>Citi Trends, 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>Gold.com, Inc.</name>
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        <name>Traeger, Inc.</name>
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        <name>Bridgford Foods Corp.</name>
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        <lei>529900AP4LIRLNV8A089</lei>
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        <title>Beyondspring, Inc.</title>
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      <invstOrSec>
        <name>Senti Biosciences, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Cerence, Inc.</name>
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        <title>Cerence, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>AxoGen, Inc.</name>
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      <invstOrSec>
        <name>PMV Pharmaceuticals, 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>Farmers National Banc Corp.</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>Hingham Institution for Savings (The)</name>
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        <title>Hingham Institution for Savings (The)</title>
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          <isin value="US4333231029"/>
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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>Digital Turbine, Inc.</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Parke Bancorp, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Virginia National Bankshares Corp.</name>
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        <title>Virginia National Bankshares Corp.</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Pagaya Technologies Ltd.</name>
        <lei>N/A</lei>
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          <isin value="IL0011858912"/>
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        <assetCat>EC</assetCat>
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        <invCountry>IL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Mobile Infrastructure Corp.</name>
        <lei>254900BL5PV89M4T7T50</lei>
        <title>Mobile Infrastructure 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>Sutro Biopharma, Inc.</name>
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        <title>Sutro Biopharma, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>TScan Therapeutics, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Capricor Therapeutics, Inc.</name>
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        <title>Capricor Therapeutics, Inc.</title>
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        <name>I3 Verticals, Inc.</name>
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        <name>ACCESS Newswire, Inc.</name>
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        <name>Verastem, Inc.</name>
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        <name>Achieve Life Sciences, Inc.</name>
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        <name>Peapack-Gladstone Financial Corp.</name>
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        <title>Peapack-Gladstone Financial Corp.</title>
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        <name>Penguin Solutions, Inc.</name>
        <lei>254900DVWIPOY3GJ8E23</lei>
        <title>Penguin Solutions, Inc.</title>
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        <name>Starz Entertainment Corp.</name>
        <lei>5493000JSMHPHZURLM72</lei>
        <title>Starz Entertainment Corp.</title>
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        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>Terawulf, Inc.</name>
        <lei>254900CVMW1SX2T78A64</lei>
        <title>Terawulf, Inc.</title>
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        <name>Rezolute, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CareCloud, Inc.</name>
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      <invstOrSec>
        <name>AXIL Brands, Inc.</name>
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        <name>Red River Bancshares, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Pure Cycle Corp.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Verde Clean Fuels, Inc.</name>
        <lei>N/A</lei>
        <title>Verde Clean Fuels, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Braemar Hotels &amp; Resorts, Inc.</name>
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        <title>Braemar Hotels &amp; Resorts, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Femasys, Inc.</name>
        <lei>N/A</lei>
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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>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Epsilon Energy Ltd.</name>
        <lei>N/A</lei>
        <title>Epsilon Energy Ltd.</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Modiv Industrial, Inc.</name>
        <lei>N/A</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>ONE Group Hospitality, Inc. (The)</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Legacy Housing Corp.</name>
        <lei>N/A</lei>
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        <name>Washington Trust Bancorp, Inc.</name>
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        <name>Dawson Geophysical Co.</name>
        <lei>549300R9G1EAMSMLXR09</lei>
        <title>Dawson Geophysical Co.</title>
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        <name>Quad/Graphics, Inc.</name>
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        <name>Viant Technology, Inc.</name>
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        <name>Preferred Bank</name>
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        <title>Preferred Bank</title>
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        <name>Abacus Global Management, Inc.</name>
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        <title>Abacus Global Management, Inc.</title>
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        <name>Univest Financial Corp.</name>
        <lei>4WII2HCR8UEWNU03U507</lei>
        <title>Univest Financial Corp.</title>
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        <name>Rithm Property Trust, Inc.</name>
        <lei>5493004ID2QQWNGDYC18</lei>
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      <invstOrSec>
        <name>Atlantic American Corp.</name>
        <lei>N/A</lei>
        <title>Atlantic American Corp.</title>
        <cusip>048209100</cusip>
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        <name>TriSalus Life Sciences, Inc.</name>
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        <name>Nixxy, Inc.</name>
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        <name>Adaptive Biotechnologies Corp.</name>
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        <name>Redwire Corp.</name>
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        <name>QuickLogic Corp.</name>
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        <name>XCF Global, Inc.</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>Chiron Real Estate, Inc.</name>
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        <name>nLight, Inc.</name>
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        <name>DHI Group, Inc.</name>
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        <name>Bel Fuse, Inc.</name>
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        </securityLending>
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        <name>Research Frontiers, Inc.</name>
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        <name>Escalade, Inc.</name>
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        <name>Ideal Power, Inc.</name>
        <lei>529900GSUN7DW3QD5F50</lei>
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        <name>Grove Collaborative Holdings</name>
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        <name>National CineMedia, Inc.</name>
        <lei>5493000MOLIVSOGKEB48</lei>
        <title>National CineMedia, Inc.</title>
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        <name>C4 Therapeutics, Inc.</name>
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        <name>Butterfly Network, Inc.</name>
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        <name>Nordic American Tankers Ltd.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Talkspace, Inc.</name>
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        <name>Yext, Inc.</name>
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        <name>Optex Systems Holdings, Inc.</name>
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        <name>CorMedix, Inc.</name>
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        <name>BigBear.ai Holdings, Inc.</name>
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        <name>Weyco Group, Inc.</name>
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        <name>Perma-Fix Environmental Services, Inc.</name>
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        <name>Lument Finance Trust, Inc.</name>
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        <name>Geospace Technologies Corp.</name>
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        <name>BRC Group Holdings, Inc.</name>
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        <name>T1 Energy, Inc.</name>
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        <name>Candel Therapeutics, Inc.</name>
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        <name>Consumer Portfolio Services, Inc.</name>
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        <name>Bogota Financial Corp.</name>
        <lei>N/A</lei>
        <title>Bogota Financial Corp.</title>
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        <name>Crawford &amp; Co.</name>
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        <name>Proficient Auto Logistics, Inc.</name>
        <lei>N/A</lei>
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        <name>Heritage Commerce Corp.</name>
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        <name>5E Advanced Materials, Inc.</name>
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        <name>ScanSource, Inc.</name>
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        <name>First Mid Bancshares, Inc.</name>
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        <name>NeuroPace, Inc.</name>
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        <name>NB Bancorp, Inc.</name>
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        <name>SIGA Technologies, Inc.</name>
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      <invstOrSec>
        <name>Freightos Ltd.</name>
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      <invstOrSec>
        <name>KVH Industries, Inc.</name>
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        <name>Ardmore Shipping Corp.</name>
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        <name>ThredUp, Inc.</name>
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        <name>Oportun Financial Corp.</name>
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        <name>Golden Entertainment, Inc.</name>
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        <name>Liquidia Corp.</name>
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        <name>1-800-Flowers.com, Inc.</name>
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        <name>Bassett Furniture Industries, Inc.</name>
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        <name>Commercial Bancgroup, Inc.</name>
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        <name>Tiptree, Inc.</name>
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        <name>Power Solutions International, Inc.</name>
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        <name>Metagenomi Therapeutics, Inc.</name>
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        <name>Stitch Fix, Inc.</name>
        <lei>549300TNHOVBOJZIYE72</lei>
        <title>Stitch Fix, Inc., Class A</title>
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        <name>Inseego Corp.</name>
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        <name>AlTi Global, Inc.</name>
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        <name>AXT, Inc.</name>
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        <name>Upland Software, Inc.</name>
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        <name>Mama's Creations, Inc.</name>
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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>Lake Shore Bancorp, Inc.</name>
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        <name>Spire Global, 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>Anteris Technologies Global Corp.</name>
        <lei>N/A</lei>
        <title>Anteris Technologies Global Corp.</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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        <name>ImageneBio, Inc.</name>
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        <name>United Fire Group, Inc.</name>
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        <name>Core Molding Technologies, Inc.</name>
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        <name>Rani Therapeutics Holdings, Inc.</name>
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        <name>Peoples Bancorp, Inc.</name>
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        <name>AirJoule Technologies Corp.</name>
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        <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>Peakstone Realty Trust</name>
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        <name>CVRx, Inc.</name>
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        <title>CVRx, Inc.</title>
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        <name>Tonix Pharmaceuticals Holding Corp.</name>
        <lei>529900ACPKP9QW20GX48</lei>
        <title>Tonix Pharmaceuticals Holding Corp.</title>
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        <invCountry>US</invCountry>
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        <name>Avalo Therapeutics, Inc.</name>
        <lei>549300GPK6FPJ3X8SZ39</lei>
        <title>Avalo Therapeutics, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>BCB Bancorp, Inc.</name>
        <lei>54930024V6Z8FYSN4291</lei>
        <title>BCB Bancorp, Inc.</title>
        <cusip>055298103</cusip>
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        <name>United Homes Group, Inc.</name>
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        <name>NRX Therapeutics, Inc.</name>
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        <name>Alta Equipment Group, Inc.</name>
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        <name>Joint Corp. (The)</name>
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        <name>Contra CVR Catalyst, CVR</name>
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        <name>HF Foods Group, Inc.</name>
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        <name>Methode Electronics, Inc.</name>
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        <name>Lantern Pharma, Inc.</name>
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        <name>Forafric Global plc</name>
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        <name>Titan Machinery, Inc.</name>
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        <name>Pyxis Oncology, Inc.</name>
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        <name>NerdWallet, Inc.</name>
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        <name>XOMA Royalty Corp.</name>
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        <title>XOMA Royalty Corp.</title>
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        <name>CAMP4 Therapeutics Corp.</name>
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        <name>PrimeEnergy Resources Corp.</name>
        <lei>9QMD37QNHRX1B7685Y44</lei>
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        <name>LGL Group, Inc. (The)</name>
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        <name>Twin Disc, Inc.</name>
        <lei>549300FR8EHCY14BLP32</lei>
        <title>Twin Disc, Inc.</title>
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        <name>Blend Labs, Inc.</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Fossil Group, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>FTC Solar, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SunPower, Inc.</name>
        <lei>N/A</lei>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Plumas Bancorp</name>
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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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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Cloudastructure, Inc.</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Serina Therapeutics, Inc.</name>
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        <title>Serina Therapeutics, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Nauticus Robotics, Inc.</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Citizens Community Bancorp, Inc.</name>
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        <title>Citizens Community Bancorp, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Puma Biotechnology, Inc.</name>
        <lei>N/A</lei>
        <title>Puma Biotechnology, Inc.</title>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>PepGen, Inc.</name>
        <lei>N/A</lei>
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        <name>Bark, Inc.</name>
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        <name>Lifetime Brands, Inc.</name>
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        <name>Park Aerospace Corp.</name>
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        <name>Omeros Corp.</name>
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        <name>Encore Energy Corp.</name>
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        <title>Encore Energy Corp.</title>
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        <invCountry>CA</invCountry>
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        <name>Blue Foundry Bancorp</name>
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        <title>Blue Foundry Bancorp</title>
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        <name>Torrid Holdings, Inc.</name>
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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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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Bit Digital, Inc.</name>
        <lei>2549005XLPRWS7HWCM31</lei>
        <title>Bit Digital, Inc.</title>
        <cusip>N/A</cusip>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>JAKKS Pacific, Inc.</name>
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        <name>Bally's Corp.</name>
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        <name>Genie Energy Ltd.</name>
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        </securityLending>
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        <name>Nerdy, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Gossamer Bio, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Lifeway Foods, Inc.</name>
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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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        <name>Provident Financial Holdings, Inc.</name>
        <lei>N/A</lei>
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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>
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        <name>Ambiq Micro, Inc.</name>
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        <name>Telomir Pharmaceuticals, Inc.</name>
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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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        <name>Carlsmed, Inc.</name>
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        <title>Carlsmed, Inc.</title>
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        <name>Whitehawk Therapeutics, Inc.</name>
        <lei>549300G3U7TKW1M58L09</lei>
        <title>Whitehawk Therapeutics, Inc.</title>
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        <name>TTEC Holdings, Inc.</name>
        <lei>GTJS1N8S8I28A7L4WG97</lei>
        <title>TTEC Holdings, Inc.</title>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Granite Ridge Resources, Inc.</name>
        <lei>254900CAHJQKOQ1YZC67</lei>
        <title>Granite Ridge Resources, Inc.</title>
        <cusip>387432107</cusip>
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        <name>Gladstone Land Corp.</name>
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        <name>Natural Health Trends Corp.</name>
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        <name>Zevra Therapeutics, Inc.</name>
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        <name>Tutor Perini Corp.</name>
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        <name>Hurco Cos., Inc.</name>
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        <name>Siebert Financial Corp.</name>
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        <name>Actuate Therapeutics, Inc.</name>
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        <name>Arbutus Biopharma Corp.</name>
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        <name>Trevi Therapeutics, Inc.</name>
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        <name>Willamette Valley Vineyards, Inc.</name>
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        <name>Fractyl Health, Inc.</name>
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        <name>Select Water Solutions, Inc.</name>
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        <name>Erasca, Inc.</name>
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        <name>Quanex Building Products Corp.</name>
        <lei>5493000TL30VL5WOAW87</lei>
        <title>Quanex Building Products Corp.</title>
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        <name>Pathfinder Bancorp, Inc.</name>
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        <title>Pathfinder Bancorp, Inc.</title>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>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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        <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>Emergent BioSolutions, Inc.</name>
        <lei>549300YW6TUOX8BE5103</lei>
        <title>Emergent BioSolutions, Inc.</title>
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          <isin value="US29089Q1058"/>
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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>Ribbon Communications, Inc.</name>
        <lei>549300L1E8Z8RL7CUL52</lei>
        <title>Ribbon Communications, Inc.</title>
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          <isin value="US7625441040"/>
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        <balance>236699.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Sionna Therapeutics, Inc.</name>
        <lei>N/A</lei>
        <title>Sionna Therapeutics, Inc.</title>
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          <isin value="US8294011080"/>
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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>Aclaris Therapeutics, Inc.</name>
        <lei>5493000B2LQ9QTW1DF52</lei>
        <title>Aclaris Therapeutics, Inc.</title>
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          <isin value="US00461U1051"/>
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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>LendingTree, Inc.</name>
        <lei>549300ISY5YHUJZTON08</lei>
        <title>LendingTree, Inc.</title>
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          <isin value="US52603B1070"/>
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        <balance>28157.00000000</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>FreightCar America, Inc.</name>
        <lei>254900UEML23YM2EQB31</lei>
        <title>FreightCar America, Inc.</title>
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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>Phunware, Inc.</name>
        <lei>549300HLAJYKT2FUQZ26</lei>
        <title>Phunware, Inc.</title>
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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>Unifi, Inc.</name>
        <lei>549300MW5LPO0M2LNO04</lei>
        <title>Unifi, Inc.</title>
        <cusip>904677200</cusip>
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          <isin value="US9046772003"/>
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        <balance>36619.00000000</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>Powerfleet, Inc.</name>
        <lei>2549007NKEFPYEH4MF81</lei>
        <title>Powerfleet, Inc.</title>
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          <isin value="US73931J1097"/>
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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>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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          <isin value="US40701T1043"/>
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        <balance>17768.00000000</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>MicroVision, Inc.</name>
        <lei>5299001A8NIHHA9KOY43</lei>
        <title>MicroVision, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Sanofi Aatd, Inc.</name>
        <lei>549300VBKG2LTV1TLY22</lei>
        <title>Sanofi Aatd, Inc., CVR</title>
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        <fairValLevel>3</fairValLevel>
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        <name>Amtech Systems, Inc.</name>
        <lei>5299008VRUUPETM6HZ85</lei>
        <title>Amtech Systems, Inc.</title>
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      <invstOrSec>
        <name>Sachem Capital Corp.</name>
        <lei>N/A</lei>
        <title>Sachem Capital Corp.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>J Jill, Inc.</name>
        <lei>529900I19PJIF8MIDL12</lei>
        <title>J Jill, Inc.</title>
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        <name>Matrix Service Co.</name>
        <lei>529900VYBKSX6HD2YW58</lei>
        <title>Matrix Service Co.</title>
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        <assetCat>EC</assetCat>
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        <name>Willdan Group, Inc.</name>
        <lei>529900YQO0LF5VAEKN05</lei>
        <title>Willdan Group, Inc.</title>
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      <invstOrSec>
        <name>Exagen, Inc.</name>
        <lei>549300JV2CYDOME5OO17</lei>
        <title>Exagen, Inc.</title>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>Ennis, Inc.</name>
        <lei>N/A</lei>
        <title>Ennis, Inc.</title>
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        <name>Oil States International, Inc.</name>
        <lei>5493004TF4KQJGMYL777</lei>
        <title>Oil States International, Inc.</title>
        <cusip>678026105</cusip>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Heritage Insurance Holdings, Inc.</name>
        <lei>9845008CCYDD87F66B45</lei>
        <title>Heritage Insurance Holdings, Inc.</title>
        <cusip>42727J102</cusip>
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          <isin value="US42727J1025"/>
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        <balance>62010.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1627762.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <name>Usio, Inc.</name>
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        <name>Strawberry Fields REIT, Inc.</name>
        <lei>N/A</lei>
        <title>Strawberry Fields REIT, Inc.</title>
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        <name>Carriage Services, 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>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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        <name>Perpetua Resources Corp.</name>
        <lei>529900BQBMS383SEPY05</lei>
        <title>Perpetua Resources Corp.</title>
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        <name>Limoneira Co.</name>
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        <name>Tyra Biosciences, Inc.</name>
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        <name>Home Bancorp, Inc.</name>
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        <name>Thryv Holdings, Inc.</name>
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        <name>Zeo Energy Corp.</name>
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        <title>Zeo Energy Corp.</title>
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        <name>Evolution Petroleum Corp.</name>
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        <name>American Integrity Insurance Group, Inc.</name>
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        <title>American Integrity Insurance Group, Inc.</title>
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        <name>SWK Holdings Corp.</name>
        <lei>N/A</lei>
        <title>SWK Holdings Corp.</title>
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      <invstOrSec>
        <name>Vroom, Inc.</name>
        <lei>N/A</lei>
        <title>Vroom, Inc.</title>
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      <invstOrSec>
        <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>
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        <name>MiMedx Group, Inc.</name>
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        <name>AngioDynamics, Inc.</name>
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        <name>Fennec Pharmaceuticals, Inc.</name>
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        <invCountry>CA</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>CervoMed, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Ranpak Holdings Corp.</name>
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        <name>BTCS, Inc.</name>
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        <title>BTCS, Inc.</title>
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        <name>CSP, Inc.</name>
        <lei>N/A</lei>
        <title>CSP, Inc.</title>
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        <name>Concrete Pumping Holdings, Inc.</name>
        <lei>N/A</lei>
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        <name>Prenetics Global Ltd.</name>
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        <title>Prenetics Global Ltd., Class A</title>
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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>
        <lei>1KF1J2NXQE2PI0QOB943</lei>
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        <name>American Vanguard Corp.</name>
        <lei>529900GWI78WZA5M9783</lei>
        <title>American Vanguard Corp.</title>
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        <name>Rocky Brands, Inc.</name>
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        <title>Rocky Brands, Inc.</title>
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        <name>Terns Pharmaceuticals, Inc.</name>
        <lei>254900S1ZDQMF4MYP709</lei>
        <title>Terns Pharmaceuticals, Inc.</title>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>CompX International, Inc.</name>
        <lei>N/A</lei>
        <title>CompX International, Inc., Class A</title>
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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>Galectin Therapeutics, Inc.</name>
        <lei>5299004HFYSAZM2ALW85</lei>
        <title>Galectin Therapeutics, Inc.</title>
        <cusip>363225202</cusip>
        <identifiers>
          <isin value="US3632252025"/>
          <other otherDesc="Inhouse Asset ID" value="363225202"/>
        </identifiers>
        <balance>114442.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>319293.18000000</valUSD>
        <pctVal>0.026297497967</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="269865.54000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Lifevantage Corp.</name>
        <lei>5493001Z5YYT109QZ980</lei>
        <title>Lifevantage Corp.</title>
        <cusip>53222K205</cusip>
        <identifiers>
          <isin value="US53222K2050"/>
          <other otherDesc="Inhouse Asset ID" value="53222K205"/>
        </identifiers>
        <balance>27096.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>117054.72000000</valUSD>
        <pctVal>0.009640814317</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="115551.36000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mechanics Bancorp</name>
        <lei>N/A</lei>
        <title>Mechanics Bancorp</title>
        <cusip>43785V102</cusip>
        <identifiers>
          <isin value="US43785V1026"/>
          <other otherDesc="Inhouse Asset ID" value="43785V102"/>
        </identifiers>
        <balance>122214.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1802656.50000000</valUSD>
        <pctVal>0.148469678071</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>Spectral AI, Inc.</name>
        <lei>N/A</lei>
        <title>Spectral AI, Inc.</title>
        <cusip>84757T105</cusip>
        <identifiers>
          <isin value="US84757T1051"/>
          <other otherDesc="Inhouse Asset ID" value="84757T105"/>
        </identifiers>
        <balance>55595.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>81724.65000000</valUSD>
        <pctVal>0.006730973136</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="80373.72000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Marine Products Corp.</name>
        <lei>N/A</lei>
        <title>Marine Products Corp.</title>
        <cusip>568427108</cusip>
        <identifiers>
          <isin value="US5684271084"/>
          <other otherDesc="Inhouse Asset ID" value="568427108"/>
        </identifiers>
        <balance>21629.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>157242.83000000</valUSD>
        <pctVal>0.012950771458</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>eHealth, Inc.</name>
        <lei>5299003O8Y5OKXUZQ421</lei>
        <title>eHealth, Inc.</title>
        <cusip>28238P109</cusip>
        <identifiers>
          <isin value="US28238P1093"/>
          <other otherDesc="Inhouse Asset ID" value="28238P109"/>
        </identifiers>
        <balance>74031.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>95499.99000000</valUSD>
        <pctVal>0.007865532213</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>M-Tron Industries, Inc.</name>
        <lei>529900ECYL9SLLCSE931</lei>
        <title>M-Tron Industries, Inc.</title>
        <cusip>55380K109</cusip>
        <identifiers>
          <isin value="US55380K1097"/>
          <other otherDesc="Inhouse Asset ID" value="55380K109"/>
        </identifiers>
        <balance>6843.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>457454.55000000</valUSD>
        <pctVal>0.037676689802</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>95583.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>134772.03000000</valUSD>
        <pctVal>0.011100040361</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>Shoulder Innovations, Inc.</name>
        <lei>529900LTH37ALD2K7437</lei>
        <title>Shoulder Innovations, Inc.</title>
        <cusip>82537J108</cusip>
        <identifiers>
          <isin value="US82537J1088"/>
          <other otherDesc="Inhouse Asset ID" value="82537J108"/>
        </identifiers>
        <balance>26186.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>380482.58000000</valUSD>
        <pctVal>0.031337155006</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="114787.00000000"/>
        </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>16704.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>105736.32000000</valUSD>
        <pctVal>0.008708612756</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>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>
