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        <name>INVESTAR HOLDING CORP</name>
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      <invstOrSec>
        <name>FVCBANKCORP INC</name>
        <lei>N/A</lei>
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        <name>WEST BANCORP INC</name>
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      <invstOrSec>
        <name>CITY HOLDING COMPANY</name>
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      <invstOrSec>
        <name>UNIVEST FINANCIAL CORP</name>
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        <name>QCR HOLDINGS INC</name>
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      <invstOrSec>
        <name>INDEPENDENT BANK CORP (MICHIGAN)</name>
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        <name>BANCORP INC (THE)</name>
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        <name>FIRST BANK (WILLIAMSTOWN NJ)</name>
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      </invstOrSec>
      <invstOrSec>
        <name>AMES NATIONAL CORP</name>
        <lei>N/A</lei>
        <title>AMES NATIONAL CORP COM</title>
        <cusip>031001100</cusip>
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          <isin value="US0310011004"/>
          <ticker value="ATLO"/>
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        <balance>3122.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HBT FINANCIAL INC</name>
        <lei>549300NTXD4Q6UK5BY66</lei>
        <title>HBT FINANCIAL INC COM</title>
        <cusip>404111106</cusip>
        <identifiers>
          <isin value="US4041111067"/>
          <ticker value="HBT"/>
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        <balance>12824.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>410239.76000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA BANCORP</name>
        <lei>549300Z6CP542EI9L684</lei>
        <title>CALIFORNIA BANCORP COM</title>
        <cusip>84252A106</cusip>
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          <isin value="US84252A1060"/>
          <ticker value="BCAL"/>
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        <balance>11338.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>236283.92000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>CITIZENS &amp; NORTHERN CORP</name>
        <lei>N/A</lei>
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        <cusip>172922106</cusip>
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          <isin value="US1729221069"/>
          <ticker value="CZNC"/>
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        <balance>6315.00000000</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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GBANK FINANCIAL HOLDINGS INC</name>
        <lei>9845008U7CD30F9F5754</lei>
        <title>GBANK FINANCIAL HOLDINGS INC COM</title>
        <cusip>36166F100</cusip>
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          <isin value="US36166F1003"/>
          <ticker value="GBFH"/>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CIVISTA BANCSHARES INC</name>
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          <isin value="US1788671071"/>
          <ticker value="CIVB"/>
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        <assetCat>EC</assetCat>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>STOCK YARDS BANCORP INC</name>
        <lei>549300YERP9H5TDIQW16</lei>
        <title>STOCK YARDS BANCORP INC COM</title>
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          <isin value="US8610251048"/>
          <ticker value="SYBT"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>OLD SECOND BANCORP INC</name>
        <lei>549300XVJC1MPUT81C04</lei>
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        <cusip>680277100</cusip>
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          <isin value="US6802771005"/>
          <ticker value="OSBC"/>
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        <assetCat>EC</assetCat>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FARMERS &amp; MERCHANTS BANCORP (OHIO)</name>
        <lei>N/A</lei>
        <title>FARMERS &amp; MERCHANTS BANCORP (OHIO) COM</title>
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          <isin value="US30779N1054"/>
          <ticker value="FMAO"/>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FINANCIAL INSTITUTIONS INC</name>
        <lei>N/A</lei>
        <title>FINANCIAL INSTITUTIONS INC COM</title>
        <cusip>317585404</cusip>
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          <isin value="US3175854047"/>
          <ticker value="FISI"/>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BANK FIRST CORP</name>
        <lei>N/A</lei>
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        <cusip>06211J100</cusip>
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          <isin value="US06211J1007"/>
          <ticker value="BFC"/>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>REPUBLIC BANCORP INC</name>
        <lei>N/A</lei>
        <title>REPUBLIC BANCORP INC CL A</title>
        <cusip>760281204</cusip>
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          <isin value="US7602812049"/>
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        <assetCat>EC</assetCat>
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          <isCashCollateral>N</isCashCollateral>
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        <name>FIVE STAR BANCORP</name>
        <lei>5493008ZRBIHKWC0JA73</lei>
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          <ticker value="FSBC"/>
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        <name>FIRSTSUN CAPITAL BANCORP</name>
        <lei>N/A</lei>
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        <name>FIRST BUSEY CORP</name>
        <lei>549300X4ZNLYSX7GUY60</lei>
        <title>FIRST BUSEY CORP COM NEW</title>
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        <name>FIRST INTERSTATE BANCSYSTEM INC</name>
        <lei>549300WRWYTYX0RCNJ43</lei>
        <title>FIRST INTERSTATE BANCSYSTEM INC COM</title>
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          <ticker value="FIBK"/>
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        <name>ARROW FINANCIAL CORP</name>
        <lei>2549007Z8GI9ZZIQ1817</lei>
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        <name>OCEANFIRST FINANCIAL CORP</name>
        <lei>N/A</lei>
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        <name>FIRST FINANCIAL BANKSHARES INC (TEXAS)</name>
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        <title>FIRST FINANCIAL BANKSHARES INC (TEXAS) COM</title>
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        <name>BANNER CORP</name>
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          <ticker value="BANR"/>
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        <name>HANCOCK WHITNEY CORP</name>
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        <title>HANCOCK WHITNEY CORP COM</title>
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          <ticker value="HWC"/>
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        <name>VERSABANK</name>
        <lei>549300RUBSDFVNCR7415</lei>
        <title>VERSABANK COM</title>
        <cusip>92512J106</cusip>
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          <ticker value="VBNK"/>
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        <invCountry>CA</invCountry>
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        <name>NEWTEKONE INC</name>
        <lei>549300YLU78IA8GKJ688</lei>
        <title>NEWTEKONE INC COM NEW</title>
        <cusip>652526203</cusip>
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          <ticker value="NEWT"/>
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          <isCashCollateral>N</isCashCollateral>
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        <name>BANKWELL FINANCIAL GROUP INC</name>
        <lei>5493004NUBQXPY84NX67</lei>
        <title>BANKWELL FINANCIAL GROUP INC COM</title>
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      <invstOrSec>
        <name>ENTERPRISE FINANCIAL SERVICES CORP</name>
        <lei>5493001XTU5DLD632129</lei>
        <title>ENTERPRISE FINANCIAL SERVICES CORP COM</title>
        <cusip>293712105</cusip>
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          <isin value="US2937121059"/>
          <ticker value="EFSC"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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      </invstOrSec>
      <invstOrSec>
        <name>CHEMUNG FINANCIAL CORP</name>
        <lei>N/A</lei>
        <title>CHEMUNG FINANCIAL CORP COM</title>
        <cusip>164024101</cusip>
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          <isin value="US1640241014"/>
          <ticker value="CHMG"/>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>OP BANCORP</name>
        <lei>549300LTYZMS0Q13U522</lei>
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          <isin value="US67109R1095"/>
          <ticker value="OPBK"/>
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        <balance>5250.00000000</balance>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ISABELLA BANK CORP</name>
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          <isin value="US4642141059"/>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HOPE BANCORP INC</name>
        <lei>549300UTF4QGMBHIZ219</lei>
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          <isin value="US43940T1097"/>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MIDLAND STATES BANCORP INC</name>
        <lei>5493006RHXW9TTBWYC94</lei>
        <title>MIDLAND STATES BANCORP INC COM</title>
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          <isin value="US5977421057"/>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MERIDIAN CORP</name>
        <lei>N/A</lei>
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          <isin value="US58958P1049"/>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WSFS FINANCIAL CORP</name>
        <lei>549300SU7VQHD6QRG886</lei>
        <title>WSFS FINANCIAL CORP COM</title>
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          <isin value="US9293281021"/>
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        <balance>18345.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>RBB BANCORP</name>
        <lei>549300A23FBFZNGET525</lei>
        <title>RBB BANCORP COM</title>
        <cusip>74930B105</cusip>
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        <name>CATHAY GENERAL BANCORP</name>
        <lei>549300K1SLJ8C97H5L68</lei>
        <title>CATHAY GENERAL BANCORP COM</title>
        <cusip>149150104</cusip>
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          <isin value="US1491501045"/>
          <ticker value="CATY"/>
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        <name>FULTON FINANCIAL CORP</name>
        <lei>5493005QLZ6O1BNC0C11</lei>
        <title>FULTON FINANCIAL CORP COM</title>
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        <assetCat>EC</assetCat>
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        <name>COMMERCE BANCSHARES INC (MO)</name>
        <lei>N/A</lei>
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          <ticker value="CBSH"/>
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        <name>INDEPENDENT BANK CORP (MASSACHUSETTS)</name>
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        <title>INDEPENDENT BANK CORP (MASSACHUSETTS) COM</title>
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        <name>WESBANCO INC</name>
        <lei>N/A</lei>
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        <name>OAK VALLEY BANCORP</name>
        <lei>549300D2R9YSQ442G068</lei>
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        <name>MVB FINANCIAL CORP</name>
        <lei>549300KSUQ2FUU1X2O74</lei>
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        <name>BANCFIRST CORP</name>
        <lei>549300EJEHGBP4IO2J30</lei>
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        <name>BUSINESS FIRST BANCSHARES INC</name>
        <lei>549300ILTC50KHDX4A08</lei>
        <title>BUSINESS FIRST BANCSHARES INC COM</title>
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        <name>PARKE BANCORP INC</name>
        <lei>5493000JF1TWXVD0CR78</lei>
        <title>PARKE BANCORP INC COM</title>
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          <ticker value="PKBK"/>
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        <name>COMMUNITY WEST BANCSHARES</name>
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        <name>SOUTHERN FIRST BANCSHARES INC</name>
        <lei>N/A</lei>
        <title>SOUTHERN FIRST BANCSHARES INC COM</title>
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          <ticker value="SFST"/>
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        <name>METROCITY BANKSHARES INC</name>
        <lei>549300TC6QB7YG0P6F52</lei>
        <title>METROCITY BANKSHARES INC COM</title>
        <cusip>59165J105</cusip>
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          <ticker value="MCBS"/>
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        <name>FIRST BANCORP INC (MAINE)</name>
        <lei>549300C7R45JOAEF1Y41</lei>
        <title>FIRST BANCORP INC (MAINE) COM</title>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BANK OZK</name>
        <lei>549300VYK2WBD7SST478</lei>
        <title>BANK OZK COM</title>
        <cusip>06417N103</cusip>
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          <isin value="US06417N1037"/>
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        <balance>38480.00000000</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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      </invstOrSec>
      <invstOrSec>
        <name>SIERRA BANCORP</name>
        <lei>N/A</lei>
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          <isin value="US82620P1021"/>
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      <invstOrSec>
        <name>COASTAL FINANCIAL CORP</name>
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          <isin value="US19046P2092"/>
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        <curCd>USD</curCd>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CENTRAL BANCOMPANY INC</name>
        <lei>N/A</lei>
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          <isin value="US1524131000"/>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NATIONAL BANKSHARES INC</name>
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          <isin value="US6348651091"/>
          <ticker value="NKSH"/>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ORANGE COUNTY BANCORP INC</name>
        <lei>N/A</lei>
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          <isin value="US68417L1070"/>
          <ticker value="OBT"/>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TOWNEBANK</name>
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          <isin value="US89214P1093"/>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GERMAN AMERICAN BANCORP INC</name>
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          <isin value="US3738651047"/>
          <ticker value="GABC"/>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FARMERS NATIONAL BANC CORP</name>
        <lei>N/A</lei>
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          <ticker value="FMNB"/>
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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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          <isin value="US59540G1076"/>
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        <assetCat>EC</assetCat>
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          <isCashCollateral>N</isCashCollateral>
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        <name>HANMI FINANCIAL CORP</name>
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          <ticker value="HAFC"/>
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        <assetCat>EC</assetCat>
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        <name>NORWOOD FINANCIAL CORP</name>
        <lei>N/A</lei>
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        <name>TRUSTMARK CORP</name>
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        <name>BURKE &amp; HERBERT FINANCIAL SERVICES CORP</name>
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        <name>USCB FINANCIAL HOLDINGS INC</name>
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        <name>GREAT SOUTHERN BANCORP INC</name>
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        <name>FIRST NATIONAL CORP (VA)</name>
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        <name>WINTRUST FINANCIAL CORP</name>
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        <name>HORIZON BANCORP INC</name>
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        <name>INTERNATIONAL BANCSHARES CORP</name>
        <lei>549300Y16R531AU8TX77</lei>
        <title>INTERNATIONAL BANCSHARES CORP COM</title>
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          <ticker value="IBOC"/>
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        <name>AMALGAMATED FINANCIAL CORP</name>
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          <ticker value="AMAL"/>
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        <name>PEOPLES FINANCIAL SERVICES CORP</name>
        <lei>254900HXI30XMTDCGJ18</lei>
        <title>PEOPLES FINANCIAL SERVICES CORP COM</title>
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          <ticker value="PFIS"/>
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        <name>UNITY BANCORP INC</name>
        <lei>549300Q90ZRNUR65PL93</lei>
        <title>UNITY BANCORP INC COM</title>
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      <invstOrSec>
        <name>JOHN MARSHALL BANCORP INC</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>ACNB CORP</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>MERCHANTS BANCORP (INDIANA)</name>
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      <invstOrSec>
        <name>FIRST HAWAIIAN INC</name>
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        <name>WATERSTONE FINANCIAL INC</name>
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      <invstOrSec>
        <name>PEOPLES BANCORP OF NORTH CAROLINA INC</name>
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      <invstOrSec>
        <name>HERITAGE FINANCIAL CORP</name>
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      <invstOrSec>
        <name>HOME BANCORP INC</name>
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        <name>CAMDEN NATIONAL CORP</name>
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        <name>DAIWA CAPITAL MARKETS AMERICA INC.</name>
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        <name>CASS INFORMATION SYSTEMS INC</name>
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        <name>AVIDBANK HOLDINGS INC</name>
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        <name>ESQUIRE FINANCIAL HOLDINGS INC</name>
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        <name>BRIDGEWATER BANCSHARES INC</name>
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        <name>SIMMONS FIRST NATIONAL CORP</name>
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        <title>SIMMONS FIRST NATIONAL CORP CL A $1 PAR</title>
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        <name>TRICO BANCSHARES</name>
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        <name>SHORE BANCSHARES INC</name>
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      </invstOrSec>
      <invstOrSec>
        <name>NORTHRIM BANCORP INC</name>
        <lei>5493006X7RLLTZ3SG075</lei>
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          <isin value="US6667621097"/>
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      <invstOrSec>
        <name>EAGLE BANCORP INC</name>
        <lei>549300B47NZODRMG3D47</lei>
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          <isin value="US2689481065"/>
          <ticker value="EGBN"/>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>COMMUNITY TRUST BANCORP INC</name>
        <lei>N/A</lei>
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          <isin value="US2041491083"/>
          <ticker value="CTBI"/>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>PRIMIS FINANCIAL CORP</name>
        <lei>549300JNX3M2EENG1F11</lei>
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          <isin value="US74167B1098"/>
          <ticker value="FRST"/>
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        <curCd>USD</curCd>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MECHANICS BANCORP</name>
        <lei>N/A</lei>
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          <isin value="US43785V1026"/>
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        <assetCat>EC</assetCat>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BANK OF MARIN BANCORP</name>
        <lei>N/A</lei>
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          <isin value="US0634251021"/>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NORTHWEST BANCSHARES INC</name>
        <lei>N/A</lei>
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        <cusip>667340103</cusip>
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          <isin value="US6673401039"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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      <invstOrSec>
        <name>PATHWARD FINANCIAL INC</name>
        <lei>5493004X52BH1NBLW813</lei>
        <title>PATHWARD FINANCIAL INC COM</title>
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          <isin value="US59100U1088"/>
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        <balance>7441.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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        <name>PLUMAS BANCORP</name>
        <lei>549300O5TKTXYTYP4G59</lei>
        <title>PLUMAS BANCORP COM</title>
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          <isin value="US7292731020"/>
          <ticker value="PLBC"/>
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        <balance>2456.00000000</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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FIRST MERCHANTS CORP</name>
        <lei>TZTBT0OTGQ2FEK6XMX94</lei>
        <title>FIRST MERCHANTS CORP COM</title>
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          <isin value="US3208171096"/>
          <ticker value="FRME"/>
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        <assetCat>EC</assetCat>
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        <name>DREYFUS GOVERNMENT CASH MANAGEMENT FUNDS</name>
        <lei>549300F7IDB6WRO7VJ11</lei>
        <title>DREYFUS GOVERNMENT CASH MANAGEMENT FUNDS SH BEN INT</title>
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        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
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        <name>1ST SOURCE CORP</name>
        <lei>N/A</lei>
        <title>1ST SOURCE CORP COM</title>
        <cusip>336901103</cusip>
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          <isin value="US3369011032"/>
          <ticker value="SRCE"/>
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        <balance>8484.00000000</balance>
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        <assetCat>EC</assetCat>
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        <name>OHIO VALLEY BANC CORP</name>
        <lei>N/A</lei>
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          <ticker value="OVBC"/>
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        <name>WESTAMERICA BANCORP</name>
        <lei>984500CF4F8115C11D96</lei>
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          <ticker value="WABC"/>
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        <name>CVB FINANCIAL CORP</name>
        <lei>N/A</lei>
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        <name>CARTER BANKSHARES INC</name>
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          <ticker value="CARE"/>
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        <name>WESTERN NEW ENGLAND BANCORP INC</name>
        <lei>549300Y8QE4EI2LP6B42</lei>
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        <name>FIRST BANCORP</name>
        <lei>N/A</lei>
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        <name>LAKELAND FINANCIAL CORP</name>
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        <name>CAPITAL CITY BANK GROUP INC</name>
        <lei>254900NVLVUJQZKTQE82</lei>
        <title>CAPITAL CITY BANK GROUP INC COM</title>
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          <ticker value="CCBG"/>
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        <name>NB BANCORP INC</name>
        <lei>N/A</lei>
        <title>NB BANCORP INC COM</title>
        <cusip>63945M107</cusip>
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          <ticker value="NBBK"/>
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        <name>TFS FINANCIAL CORP</name>
        <lei>N/A</lei>
        <title>TFS FINANCIAL CORP COM</title>
        <cusip>87240R107</cusip>
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          <ticker value="TFSL"/>
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        <name>FIRST INTERNET BANCORP</name>
        <lei>549300T25MP2M92XU194</lei>
        <title>FIRST INTERNET BANCORP COM</title>
        <cusip>320557101</cusip>
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          <ticker value="INBK"/>
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        <balance>3073.00000000</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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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>TEXAS CAPITAL BANCSHARES INC</name>
        <lei>549300466Q2SXRX0YM48</lei>
        <title>TEXAS CAPITAL BANCSHARES INC COM</title>
        <cusip>88224Q107</cusip>
        <identifiers>
          <isin value="US88224Q1076"/>
          <ticker value="TCBI"/>
        </identifiers>
        <balance>15394.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1589584.44000000</valUSD>
        <pctVal>1.816692404870</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>CAPITAL BANCORP INC (MARYLAND)</name>
        <lei>549300LQKYGWQ7VP0C75</lei>
        <title>CAPITAL BANCORP INC (MARYLAND) COM</title>
        <cusip>139737100</cusip>
        <identifiers>
          <isin value="US1397371006"/>
          <ticker value="CBNK"/>
        </identifiers>
        <balance>5741.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>201623.92000000</valUSD>
        <pctVal>0.230430441370</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>TIMBERLAND BANCORP INC</name>
        <lei>N/A</lei>
        <title>TIMBERLAND BANCORP INC COM</title>
        <cusip>887098101</cusip>
        <identifiers>
          <isin value="US8870981011"/>
          <ticker value="TSBK"/>
        </identifiers>
        <balance>2759.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>123630.79000000</valUSD>
        <pctVal>0.141294234863</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>UNITED BANKSHARES INC</name>
        <lei>5299005O3BAMJ9Z92V62</lei>
        <title>UNITED BANKSHARES INC COM</title>
        <cusip>909907107</cusip>
        <identifiers>
          <isin value="US9099071071"/>
          <ticker value="UBSI"/>
        </identifiers>
        <balance>48573.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2226100.59000000</valUSD>
        <pctVal>2.544149233324</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>FIRST BUSINESS FINANCIAL SERVICES INC</name>
        <lei>549300BXKLW2T50TKU95</lei>
        <title>FIRST BUSINESS FINANCIAL SERVICES INC COM</title>
        <cusip>319390100</cusip>
        <identifiers>
          <isin value="US3193901002"/>
          <ticker value="FBIZ"/>
        </identifiers>
        <balance>2948.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>186225.16000000</valUSD>
        <pctVal>0.212831621431</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>S&amp;T BANCORP INC</name>
        <lei>N/A</lei>
        <title>S&amp;T BANCORP INC COM</title>
        <cusip>783859101</cusip>
        <identifiers>
          <isin value="US7838591011"/>
          <ticker value="STBA"/>
        </identifiers>
        <balance>12682.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>622432.56000000</valUSD>
        <pctVal>0.711361080192</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>FIRST FINANCIAL BANCORP</name>
        <lei>549300D3F5B3EZMY7P77</lei>
        <title>FIRST FINANCIAL BANCORP COM</title>
        <cusip>320209109</cusip>
        <identifiers>
          <isin value="US3202091092"/>
          <ticker value="FFBC"/>
        </identifiers>
        <balance>36987.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1251270.21000000</valUSD>
        <pctVal>1.430042361856</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>WAFD INC</name>
        <lei>N/A</lei>
        <title>WAFD INC COM</title>
        <cusip>938824109</cusip>
        <identifiers>
          <isin value="US9388241096"/>
          <ticker value="WAFD"/>
        </identifiers>
        <balance>26045.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>999346.65000000</valUSD>
        <pctVal>1.142125843209</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>COLUMBIA FINANCIAL INC</name>
        <lei>254900B9UDXFOJAZKN61</lei>
        <title>COLUMBIA FINANCIAL INC COM</title>
        <cusip>197641103</cusip>
        <identifiers>
          <isin value="US1976411033"/>
          <ticker value="CLBK"/>
        </identifiers>
        <balance>36676.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>778264.72000000</valUSD>
        <pctVal>0.889457376547</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>SEACOAST BANKING CORP OF FLORIDA</name>
        <lei>549300V6IC06XYQYPG88</lei>
        <title>SEACOAST BANKING CORP OF FLORIDA COM NEW</title>
        <cusip>811707801</cusip>
        <identifiers>
          <isin value="US8117078019"/>
          <ticker value="SBCF"/>
        </identifiers>
        <balance>34279.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1139776.75000000</valUSD>
        <pctVal>1.302619548146</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>CHOICEONE FINANCIAL SERVICES INC</name>
        <lei>N/A</lei>
        <title>CHOICEONE FINANCIAL SERVICES INC COM</title>
        <cusip>170386106</cusip>
        <identifiers>
          <isin value="US1703861062"/>
          <ticker value="COFS"/>
        </identifiers>
        <balance>5279.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>179486.00000000</valUSD>
        <pctVal>0.205129620531</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>PEOPLES BANCORP INC (OHIO)</name>
        <lei>N/A</lei>
        <title>PEOPLES BANCORP INC (OHIO) COM</title>
        <cusip>709789101</cusip>
        <identifiers>
          <isin value="US7097891011"/>
          <ticker value="PEBO"/>
        </identifiers>
        <balance>12663.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>486385.83000000</valUSD>
        <pctVal>0.555877008457</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>ORRSTOWN FINANCIAL SERVICES INC</name>
        <lei>5493008IR3FINUFGVM95</lei>
        <title>ORRSTOWN FINANCIAL SERVICES INC COM</title>
        <cusip>687380105</cusip>
        <identifiers>
          <isin value="US6873801053"/>
          <ticker value="ORRF"/>
        </identifiers>
        <balance>6926.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>282788.58000000</valUSD>
        <pctVal>0.323191302419</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>NORTHEAST BANK</name>
        <lei>549300F0LV9TSW34E306</lei>
        <title>NORTHEAST BANK COM</title>
        <cusip>66405S100</cusip>
        <identifiers>
          <isin value="US66405S1006"/>
          <ticker value="NBN"/>
        </identifiers>
        <balance>3016.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>399710.48000000</valUSD>
        <pctVal>0.456818131135</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>PEAPACK-GLADSTONE FINANCIAL CORP</name>
        <lei>549300G8DN2UK8K0ET30</lei>
        <title>PEAPACK-GLADSTONE FINANCIAL CORP COM</title>
        <cusip>704699107</cusip>
        <identifiers>
          <isin value="US7046991078"/>
          <ticker value="PGC"/>
        </identifiers>
        <balance>6246.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>295623.18000000</valUSD>
        <pctVal>0.337859614308</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>KEARNY FINANCIAL CORP</name>
        <lei>N/A</lei>
        <title>KEARNY FINANCIAL CORP COM</title>
        <cusip>48716P108</cusip>
        <identifiers>
          <isin value="US48716P1084"/>
          <ticker value="KRNY"/>
        </identifiers>
        <balance>22820.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>215877.20000000</valUSD>
        <pctVal>0.246720123672</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>FIRST MID BANCSHARES INC</name>
        <lei>N/A</lei>
        <title>FIRST MID BANCSHARES INC COM</title>
        <cusip>320866106</cusip>
        <identifiers>
          <isin value="US3208661062"/>
          <ticker value="FMBH"/>
        </identifiers>
        <balance>9382.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>451180.38000000</valUSD>
        <pctVal>0.515641666429</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>WASHINGTON TRUST BANCORP INC</name>
        <lei>J66MZFCNJPP3PERHZW54</lei>
        <title>WASHINGTON TRUST BANCORP INC COM</title>
        <cusip>940610108</cusip>
        <identifiers>
          <isin value="US9406101082"/>
          <ticker value="WASH"/>
        </identifiers>
        <balance>6720.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>245145.60000000</valUSD>
        <pctVal>0.280170174292</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 Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-08-21</ncom:dateSigned>
      <ncom:nameOfApplicant>First Trust Exchange-Traded Fund</ncom:nameOfApplicant>
      <ncom:signature>Derek Maltbie</ncom:signature>
      <ncom:signerName>Derek Maltbie</ncom:signerName>
      <ncom:title>Treasurer, Chief Financial Officer and Chief Accounting Officer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
