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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Grid Dynamics Holdings, Inc.</name>
        <lei>N/A</lei>
        <title>Grid Dynamics Holdings Inc. - Class A</title>
        <cusip>39813G109</cusip>
        <identifiers>
          <isin value="US39813G1094"/>
        </identifiers>
        <balance>76132.00</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1538627.72</valUSD>
        <pctVal>4.16</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>IDEXX Laboratories, Inc.</name>
        <lei>OGMTXK0LUU1HKV2P0J84</lei>
        <title>IDEXX Laboratories, Inc.</title>
        <cusip>45168D104</cusip>
        <identifiers>
          <isin value="US45168D1046"/>
        </identifiers>
        <balance>1593.00</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>553758.66</valUSD>
        <pctVal>1.50</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>Impinj, Inc.</name>
        <lei>549300M26VGKSMMWWN17</lei>
        <title>Impinj, Inc.</title>
        <cusip>453204109</cusip>
        <identifiers>
          <isin value="US4532041096"/>
        </identifiers>
        <balance>22247.00</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1986212.16</valUSD>
        <pctVal>5.37</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>InMode Ltd.</name>
        <lei>N/A</lei>
        <title>InMode Ltd. (Israel)</title>
        <cusip>M5425M103</cusip>
        <identifiers>
          <isin value="IL0011595993"/>
        </identifiers>
        <balance>24332.00</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>777164.08</valUSD>
        <pctVal>2.10</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kornit Digital Ltd.</name>
        <lei>5299006DPCQWP3VTFK34</lei>
        <title>Kornit Digital Ltd. (Israel)</title>
        <cusip>M6372Q113</cusip>
        <identifiers>
          <isin value="IL0011216723"/>
        </identifiers>
        <balance>15525.00</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>482517.00</valUSD>
        <pctVal>1.30</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MongoDB, Inc.</name>
        <lei>549300TPTG69WKWE1Z37</lei>
        <title>MongoDB, Inc. - Class A</title>
        <cusip>60937P106</cusip>
        <identifiers>
          <isin value="US60937P1066"/>
        </identifiers>
        <balance>2432.00</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>785195.52</valUSD>
        <pctVal>2.12</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>Monolithic Power Systems, Inc.</name>
        <lei>529900TB7O85LSZ1XU31</lei>
        <title>Monolithic Power Systems, Inc.</title>
        <cusip>609839105</cusip>
        <identifiers>
          <isin value="US6098391054"/>
        </identifiers>
        <balance>2653.00</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1202286.54</valUSD>
        <pctVal>3.25</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>NICE Ltd.</name>
        <lei>254900YTY4EF5Z4W0A51</lei>
        <title>NICE Ltd. ADR</title>
        <cusip>653656108</cusip>
        <identifiers>
          <isin value="US6536561086"/>
        </identifiers>
        <balance>4773.00</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1018415.01</valUSD>
        <pctVal>2.75</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NV5 Global, Inc.</name>
        <lei>N/A</lei>
        <title>NV5 Global, Inc.</title>
        <cusip>62945V109</cusip>
        <identifiers>
          <isin value="US62945V1098"/>
        </identifiers>
        <balance>8325.00</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1171827.00</valUSD>
        <pctVal>3.17</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>Nano Dimension Ltd.</name>
        <lei>529900VO8AZA0A4ZUM77</lei>
        <title>Nano Dimension Ltd. ADR</title>
        <cusip>63008G203</cusip>
        <identifiers>
          <isin value="US63008G2030"/>
        </identifiers>
        <balance>215903.00</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>641231.91</valUSD>
        <pctVal>1.73</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Nano-X Imaging Ltd</name>
        <lei>N/A</lei>
        <title>Nano-X Imaging Ltd. (Israel)</title>
        <cusip>M70700105</cusip>
        <identifiers>
          <isin value="IL0011681371"/>
        </identifiers>
        <balance>31053.00</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>413315.43</valUSD>
        <pctVal>1.12</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Napco Security Technologies, Inc.</name>
        <lei>529900KV21J4YY9YST76</lei>
        <title>Napco Security Technologies, Inc.</title>
        <cusip>630402105</cusip>
        <identifiers>
          <isin value="US6304021057"/>
        </identifiers>
        <balance>60153.00</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1784137.98</valUSD>
        <pctVal>4.82</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>NovoCure Limited</name>
        <lei>213800YPP55UMHWA4826</lei>
        <title>NovoCure Limited (Jersey)</title>
        <cusip>G6674U108</cusip>
        <identifiers>
          <isin value="JE00BYSS4X48"/>
        </identifiers>
        <balance>11057.00</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>908111.41</valUSD>
        <pctVal>2.46</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Procept Biorobotics Corp</name>
        <lei>N/A</lei>
        <title>Procept Biorobotics Corp.</title>
        <cusip>74276L105</cusip>
        <identifiers>
          <isin value="US74276L1052"/>
        </identifiers>
        <balance>18357.00</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>743091.36</valUSD>
        <pctVal>2.01</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>Procore Technologies, Inc.</name>
        <lei>N/A</lei>
        <title>Procore Technologies, Inc.</title>
        <cusip>74275K108</cusip>
        <identifiers>
          <isin value="US74275K1088"/>
        </identifiers>
        <balance>14687.00</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>801910.20</valUSD>
        <pctVal>2.17</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>Pure Storage, Inc.</name>
        <lei>549300NPDB0BZTK3WO90</lei>
        <title>Pure Storage, Inc. - Class A</title>
        <cusip>74624M102</cusip>
        <identifiers>
          <isin value="US74624M1027"/>
        </identifiers>
        <balance>41581.00</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1204601.57</valUSD>
        <pctVal>3.26</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>QuickLogic Corporation</name>
        <lei>529900V52LUN2EHHCH56</lei>
        <title>QuickLogic Corporation</title>
        <cusip>74837P405</cusip>
        <identifiers>
          <isin value="US74837P4054"/>
        </identifiers>
        <balance>169289.00</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1146086.53</valUSD>
        <pctVal>3.10</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>The Real Good Food Company, Inc.</name>
        <lei>N/A</lei>
        <title>Real Good Food Company, Inc. Class A</title>
        <cusip>75601G109</cusip>
        <identifiers>
          <isin value="US75601G1094"/>
        </identifiers>
        <balance>93707.00</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>668130.91</valUSD>
        <pctVal>1.81</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>Repay Holdings Corporation</name>
        <lei>N/A</lei>
        <title>Repay Holdings Corporation - Class A</title>
        <cusip>76029L100</cusip>
        <identifiers>
          <isin value="US76029L1008"/>
        </identifiers>
        <balance>62819.00</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>583588.51</valUSD>
        <pctVal>1.58</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>Silvergate Capital Corporation</name>
        <lei>BPE6FTXDZEBNAGIT2T19</lei>
        <title>Silvergate Capital Corporation Class A</title>
        <cusip>82837P408</cusip>
        <identifiers>
          <isin value="US82837P4081"/>
        </identifiers>
        <balance>8420.00</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>767230.40</valUSD>
        <pctVal>2.07</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>Splunk Inc.</name>
        <lei>549300XGDSGBP6UEI867</lei>
        <title>Splunk Inc.</title>
        <cusip>848637104</cusip>
        <identifiers>
          <isin value="US8486371045"/>
        </identifiers>
        <balance>7234.00</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>651277.02</valUSD>
        <pctVal>1.76</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>TTEC Holdings, Inc.</name>
        <lei>GTJS1N8S8I28A7L4WG97</lei>
        <title>TTEC Holdings, Inc.</title>
        <cusip>89854H102</cusip>
        <identifiers>
          <isin value="US89854H1023"/>
        </identifiers>
        <balance>12438.00</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>651129.30</valUSD>
        <pctVal>1.76</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>Twilio Inc.</name>
        <lei>5493004W8TRGD63APX93</lei>
        <title>Twilio Inc. - Class A</title>
        <cusip>90138F102</cusip>
        <identifiers>
          <isin value="US90138F1021"/>
        </identifiers>
        <balance>5945.00</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>413653.10</valUSD>
        <pctVal>1.12</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>Vapotherm, Inc.</name>
        <lei>549300A6KMUMDX27EQ68</lei>
        <title>Vapotherm, Inc.</title>
        <cusip>922107107</cusip>
        <identifiers>
          <isin value="US9221071072"/>
        </identifiers>
        <balance>36575.00</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>71321.25</valUSD>
        <pctVal>0.19</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>Vapotherm, Inc.</name>
        <lei>N/A</lei>
        <title>Velo3D, Inc.</title>
        <cusip>92259N104</cusip>
        <identifiers>
          <isin value="US92259N1046"/>
        </identifiers>
        <balance>149955.00</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>646306.05</valUSD>
        <pctVal>1.75</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>Vuzix Corporation</name>
        <lei>549300EWPW64TZQXJG66</lei>
        <title>Vuzix Corporation</title>
        <cusip>92921W300</cusip>
        <identifiers>
          <isin value="US92921W3007"/>
        </identifiers>
        <balance>71155.00</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>534374.05</valUSD>
        <pctVal>1.44</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>Wix.com Ltd.</name>
        <lei>5493008P6N29Q1AG9464</lei>
        <title>Wix.com Ltd. (Israel)</title>
        <cusip>M98068105</cusip>
        <identifiers>
          <isin value="IL0011301780"/>
        </identifiers>
        <balance>11836.00</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>749100.44</valUSD>
        <pctVal>2.03</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Zuora, Inc.</name>
        <lei>549300ISVGC1YZWQJ420</lei>
        <title>Zuora, Inc. - Class A</title>
        <cusip>98983V106</cusip>
        <identifiers>
          <isin value="US98983V1061"/>
        </identifiers>
        <balance>74016.00</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>568442.88</valUSD>
        <pctVal>1.54</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>
    <signature>
      <ncom:dateSigned>2022-10-11</ncom:dateSigned>
      <ncom:nameOfApplicant>PFS Funds</ncom:nameOfApplicant>
      <ncom:signature>/s/ Jeffrey R. Provence</ncom:signature>
      <ncom:signerName>Jeffrey R. Provence</ncom:signerName>
      <ncom:title>Secretary and Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
