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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Riley Exploration Permian Inc.</name>
        <lei>5493008CUBI02XP43Q95</lei>
        <title>Riley Exploration Permian Inc. COM</title>
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          <isin value="US76665T1025"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Metropolitan Bank Holding Corp</name>
        <lei>N/A</lei>
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          <ticker value="MCB"/>
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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>Tennant Co</name>
        <lei>JYAIRLT8DVP6DP8UT336</lei>
        <title>Tennant Co COM</title>
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          <isin value="US8803451033"/>
          <ticker value="TNC"/>
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        <curCd>USD</curCd>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>MID PENN BANCORP INC</name>
        <lei>N/A</lei>
        <title>Mid Penn Bancorp Inc. COM</title>
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          <isin value="US59540G1076"/>
          <ticker value="MPB"/>
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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>RCI Hospitality Holdings Inc.</name>
        <lei>529900COXP1MLE1UKG69</lei>
        <title>RCI Hospitality Holdings Inc. COM</title>
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          <isin value="US74934Q1085"/>
          <ticker value="RICK"/>
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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>CTS Corporation</name>
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        <title>CTS Corporation COM</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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      <invstOrSec>
        <name>American Eagle Outfitters Inc.</name>
        <lei>5299001Z9HXK01DHW793</lei>
        <title>American Eagle Outfitters Inc. COM</title>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Hanmi Financial Corp.</name>
        <lei>549300MSZ7RCG7EA6587</lei>
        <title>Hanmi Financial Corp. COM NEW</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>Upbound Group Inc</name>
        <lei>529900QUHE15UQNCCJ63</lei>
        <title>Upbound Group Inc COM</title>
        <cusip>76009N100</cusip>
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          <isin value="US76009N1000"/>
          <ticker value="UPBD"/>
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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>La-Z-Boy Inc</name>
        <lei>549300WNO1WMN9ZG2519</lei>
        <title>La-Z-Boy Inc COM</title>
        <cusip>505336107</cusip>
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          <isin value="US5053361078"/>
          <ticker value="LZB"/>
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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>Sandridge Energy, Inc.</name>
        <lei>W1MKPVGS6I5155L7VV67</lei>
        <title>Sandridge Energy, Inc. COM NEW</title>
        <cusip>80007P869</cusip>
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          <isin value="US80007P8692"/>
          <ticker value="SD"/>
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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>Myers Industries Inc.</name>
        <lei>549300I2H9XMVTCW4Q51</lei>
        <title>Myers Industries Inc. COM</title>
        <cusip>628464109</cusip>
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          <isin value="US6284641098"/>
          <ticker value="MYE"/>
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        <balance>57070.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Franklin Electric Co Inc</name>
        <lei>RR6AURIKMXUE4Q24G284</lei>
        <title>Franklin Electric Co Inc COM</title>
        <cusip>353514102</cusip>
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          <isin value="US3535141028"/>
          <ticker value="FELE"/>
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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>Academy Sports and Outdoors Inc</name>
        <lei>529900HST589BD301M91</lei>
        <title>Academy Sports and Outdoors Inc COM</title>
        <cusip>00402L107</cusip>
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          <isin value="US00402L1070"/>
          <ticker value="ASO"/>
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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>Monarch Casino &amp; Resort Inc</name>
        <lei>549300AK5FF7KY11V997</lei>
        <title>Monarch Casino &amp; Resort Inc COM</title>
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          <ticker value="MCRI"/>
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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>Phinia Inc.</name>
        <lei>254900HG6MORZE1FFM18</lei>
        <title>Phinia Inc. COMMON STOCK</title>
        <cusip>71880K101</cusip>
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          <isin value="US71880K1016"/>
          <ticker value="PHIN"/>
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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>
        <name>BASSETT FURNITURE INDUSTRIES INC</name>
        <lei>N/A</lei>
        <title>Bassett Furniture Industries Inc. COM</title>
        <cusip>070203104</cusip>
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          <isin value="US0702031040"/>
          <ticker value="BSET"/>
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        <balance>18211.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <name>First Busey Corporation</name>
        <lei>549300X4ZNLYSX7GUY60</lei>
        <title>First Busey Corporation COM NEW</title>
        <cusip>319383204</cusip>
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          <ticker value="BUSE"/>
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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>
        <name>QUAKER CHEMICAL CORP</name>
        <lei>549300PJQ1R3WCWCPS54</lei>
        <title>Quaker Houghton COM</title>
        <cusip>747316107</cusip>
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          <isin value="US7473161070"/>
          <ticker value="KWR"/>
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        <balance>12755.00000000</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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        <name>Cabot Corporation</name>
        <lei>K05C0SER542GQ6VLRO68</lei>
        <title>Cabot Corporation COM</title>
        <cusip>127055101</cusip>
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          <isin value="US1270551013"/>
          <ticker value="CBT"/>
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        <balance>69463.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5231258.53000000</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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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>The Greenbrier Companies, Inc.</name>
        <lei>5493001GAGGFR30BP390</lei>
        <title>The Greenbrier Companies, Inc. COM</title>
        <cusip>393657101</cusip>
        <identifiers>
          <isin value="US3936571013"/>
          <ticker value="GBX"/>
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        <balance>41826.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2202138.90000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>DigitalBridge Group Inc</name>
        <lei>549300XG87L902AGBO89</lei>
        <title>DigitalBridge Group Inc CL A NEW</title>
        <cusip>25401T603</cusip>
        <identifiers>
          <isin value="US25401T6038"/>
          <ticker value="DBRG"/>
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        <balance>68955.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1063286.10000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ATMUS FILTRATION TECHNOLOGIES INC</name>
        <lei>N/A</lei>
        <title>Atmus Filtration Technologies Inc. COM</title>
        <cusip>04956D107</cusip>
        <identifiers>
          <isin value="US04956D1072"/>
          <ticker value="ATMU"/>
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        <balance>30205.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1714737.85000000</valUSD>
        <pctVal>0.477091722675</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Investar Holding Corp</name>
        <lei>54930001EK2YM28LOJ08</lei>
        <title>Investar Holding Corp COM</title>
        <cusip>46134L105</cusip>
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          <isin value="US46134L1052"/>
          <ticker value="ISTR"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Peabody Energy Corp.</name>
        <lei>EJCO258LNNVSKAR2JX59</lei>
        <title>Peabody Energy Corp. COM</title>
        <cusip>704551100</cusip>
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          <isin value="US7045511000"/>
          <ticker value="BTU"/>
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        <balance>60688.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1999669.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ReposiTrak Inc</name>
        <lei>5299008X1VJFCKZ94E34</lei>
        <title>ReposiTrak Inc COM NEW</title>
        <cusip>700215304</cusip>
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          <isin value="US7002153044"/>
          <ticker value="TRAK"/>
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        <balance>14397.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>RIVERVIEW BANCORP INC</name>
        <lei>N/A</lei>
        <title>Riverview Bancorp Inc. COM</title>
        <cusip>769397100</cusip>
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          <isin value="US7693971001"/>
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        <balance>7633.00000000</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>Avnet, Inc.</name>
        <lei>XJI53DCPL7QABOWK4Z75</lei>
        <title>Avnet, Inc. COM</title>
        <cusip>053807103</cusip>
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          <isin value="US0538071038"/>
          <ticker value="AVT"/>
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        <balance>107606.00000000</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>Greif, Inc.</name>
        <lei>54930070FVGKR0Z1FI24</lei>
        <title>Greif, Inc. CL A</title>
        <cusip>397624107</cusip>
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          <isin value="US3976241071"/>
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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>Atkore Inc</name>
        <lei>52990002TI38AM4RPV48</lei>
        <title>Atkore Inc COM</title>
        <cusip>047649108</cusip>
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          <isin value="US0476491081"/>
          <ticker value="ATKR"/>
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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>Powell Industries Inc.</name>
        <lei>549300V08RO7MX2UBN26</lei>
        <title>Powell Industries Inc. COM</title>
        <cusip>739128106</cusip>
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          <isin value="US7391281067"/>
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        <balance>4636.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Douglas Dynamics Inc.</name>
        <lei>529900CDFLKNQ0QT6580</lei>
        <title>Douglas Dynamics Inc. COM</title>
        <cusip>25960R105</cusip>
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          <isin value="US25960R1059"/>
          <ticker value="PLOW"/>
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        <balance>42578.00000000</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>Northrim BanCorp Inc.</name>
        <lei>5493006X7RLLTZ3SG075</lei>
        <title>Northrim BanCorp Inc. COM</title>
        <cusip>666762109</cusip>
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          <isin value="US6667621097"/>
          <ticker value="NRIM"/>
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        <balance>16959.00000000</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>St. Joe Co.</name>
        <lei>529900XVHOT3BF8PWG49</lei>
        <title>St. Joe Co. COM</title>
        <cusip>790148100</cusip>
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          <isin value="US7901481009"/>
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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>CITIZENS &amp; NORTHERN CORP</name>
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        <title>Citizens &amp; Northern Corp. COM</title>
        <cusip>172922106</cusip>
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          <isin value="US1729221069"/>
          <ticker value="CZNC"/>
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        <balance>31141.00000000</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>First Bancorp</name>
        <lei>N/A</lei>
        <title>First Bancorp COM</title>
        <cusip>318910106</cusip>
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          <isin value="US3189101062"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>VIRCO MANUFACTURING CORP</name>
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        <title>Virco Mfg Corp COM</title>
        <cusip>927651109</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>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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        <balance>81759.00000000</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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        <name>Gorman-Rupp Co</name>
        <lei>254900WVLPOIWPGJPA07</lei>
        <title>Gorman-Rupp Co COM</title>
        <cusip>383082104</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>Gray Media Inc.</name>
        <lei>529900TM5726KDN7UU35</lei>
        <title>Gray Media Inc. COM</title>
        <cusip>389375106</cusip>
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          <isin value="US3893751061"/>
          <ticker value="GTN"/>
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        <name>Century Communities Inc</name>
        <lei>5299002QMB2O7ZL1CA26</lei>
        <title>Century Communities Inc COM</title>
        <cusip>156504300</cusip>
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        <name>LSI Industries Inc.</name>
        <lei>529900HY42OANH6BVT33</lei>
        <title>LSI Industries Inc. COM</title>
        <cusip>50216C108</cusip>
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      <invstOrSec>
        <name>Minerals Technologies Inc.</name>
        <lei>549300D3I1QU67GP6403</lei>
        <title>Minerals Technologies Inc. COM</title>
        <cusip>603158106</cusip>
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          <ticker value="MTX"/>
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        <name>Cactus Inc</name>
        <lei>549300J3T8C9F8QFKV08</lei>
        <title>Cactus Inc CL A</title>
        <cusip>127203107</cusip>
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        <invCountry>US</invCountry>
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        <name>Sonic Automotive, Inc.</name>
        <lei>549300NTLRGJ2JCBZU03</lei>
        <title>Sonic Automotive, Inc. CL A</title>
        <cusip>83545G102</cusip>
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          <ticker value="SAH"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ORANGE COUNTY BANCORP INC</name>
        <lei>N/A</lei>
        <title>Orange County Bancorp Inc. COM</title>
        <cusip>68417L107</cusip>
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          <isin value="US68417L1070"/>
          <ticker value="OBT"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Quad/Graphics Inc.</name>
        <lei>W2D68G5NJH4X0NW8PT65</lei>
        <title>Quad/Graphics Inc. COM CL A</title>
        <cusip>747301109</cusip>
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        <fairValLevel>1</fairValLevel>
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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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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>RBB Bancorp.</name>
        <lei>549300A23FBFZNGET525</lei>
        <title>RBB Bancorp. COM</title>
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          <isin value="US74930B1052"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Wolverine World Wide, Inc.</name>
        <lei>549300OVC7PK14LQ8D87</lei>
        <title>Wolverine World Wide, Inc. COM</title>
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          <isin value="US9780971035"/>
          <ticker value="WWW"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Kennametal Inc</name>
        <lei>549300GZDSG25XUV0Y08</lei>
        <title>Kennametal Inc COM</title>
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          <isin value="US4891701009"/>
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      <invstOrSec>
        <name>Allient Inc</name>
        <lei>549300I2LHAWYGNBPM97</lei>
        <title>Allient Inc COM</title>
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          <isin value="US0193301092"/>
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      <invstOrSec>
        <name>Insteel Industries Inc.</name>
        <lei>52990026LKY4MOX3L174</lei>
        <title>Insteel Industries Inc. COM</title>
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          <isin value="US45774W1080"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Terex Corporation</name>
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        <title>Terex Corporation COM</title>
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          <isin value="US8807791038"/>
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        <name>Energy Services of America Corporation</name>
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        <cusip>29271Q103</cusip>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>HERITAGE FINANCIAL CORP</name>
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        <title>Heritage Financial Corp. COM</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Rush Enterprises Inc.</name>
        <lei>529900V3XHTN7A6DFT17</lei>
        <title>Rush Enterprises Inc. CL A</title>
        <cusip>781846209</cusip>
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        <name>CBL &amp; Associates Properties, Inc.</name>
        <lei>529900EIVFBRS4PUBZ13</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>Natural Grocers By Vitamin Cottage Inc.</name>
        <lei>529900P4OTXDGBUS3O87</lei>
        <title>Natural Grocers By Vitamin Cottage Inc. COM</title>
        <cusip>63888U108</cusip>
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        <name>Worthington Enterprises Inc</name>
        <lei>1WRCIANKYOIK6KYE5E82</lei>
        <title>Worthington Enterprises Inc COM</title>
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        <name>AZZ Inc</name>
        <lei>549300HD1X2NFLWPYC83</lei>
        <title>AZZ Inc COM</title>
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        <name>First Financial Bankshares Inc</name>
        <lei>549300XN3GTGOENGNV49</lei>
        <title>First Financial Bankshares Inc COM</title>
        <cusip>32020R109</cusip>
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        <invCountry>US</invCountry>
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        <name>Cheesecake Factory Inc</name>
        <lei>529900872XMLK10SY247</lei>
        <title>Cheesecake Factory Inc COM</title>
        <cusip>163072101</cusip>
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          <ticker value="CAKE"/>
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        <name>Warrior Met Coal Inc</name>
        <lei>549300152B1S9YKBYV79</lei>
        <title>Warrior Met Coal Inc COM</title>
        <cusip>93627C101</cusip>
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          <ticker value="HCC"/>
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      <invstOrSec>
        <name>USCB FINANCIAL HOLDINGS INC</name>
        <lei>N/A</lei>
        <title>Uscb Financial Holdings Inc. CLASS A COM</title>
        <cusip>90355N101</cusip>
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        <name>Build A Bear Workshop Inc</name>
        <lei>529900S9MWZC1UBF3D13</lei>
        <title>Build A Bear Workshop Inc COM</title>
        <cusip>120076104</cusip>
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          <ticker value="BBW"/>
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        <invCountry>US</invCountry>
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        <name>Merchants Bancorp. (Indiana)</name>
        <lei>54930008Y0GPVLF81889</lei>
        <title>Merchants Bancorp. (Indiana) COM</title>
        <cusip>58844R108</cusip>
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          <ticker value="MBIN"/>
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        <name>Sensient Technologies Corp</name>
        <lei>CMMZHMFZQG86EI7WZU92</lei>
        <title>Sensient Technologies Corp COM</title>
        <cusip>81725T100</cusip>
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          <ticker value="SXT"/>
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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>Belden Inc.</name>
        <lei>68BKYO1JC791TTJHUE82</lei>
        <title>Belden Inc. COM</title>
        <cusip>077454106</cusip>
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          <isin value="US0774541066"/>
          <ticker value="BDC"/>
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        <balance>14382.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KAISER ALUMINUM CORP</name>
        <lei>N/A</lei>
        <title>Kaiser Aluminium Corporation COM PAR $0.01</title>
        <cusip>483007704</cusip>
        <identifiers>
          <isin value="US4830077040"/>
          <ticker value="KALU"/>
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        <balance>22992.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2770765.92000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Camden National Corp.</name>
        <lei>549300ZVEDL2L8UW4F28</lei>
        <title>Camden National Corp. COM</title>
        <cusip>133034108</cusip>
        <identifiers>
          <isin value="US1330341082"/>
          <ticker value="CAC"/>
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        <balance>25067.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1189429.15000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NICOLET BANKSHARES INC</name>
        <lei>N/A</lei>
        <title>Nicolet Bankshares Inc. COM</title>
        <cusip>65406E102</cusip>
        <identifiers>
          <isin value="US65406E1029"/>
          <ticker value="NIC"/>
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        <balance>5621.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>835393.02000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Solaris Energy Infrastructure Inc</name>
        <lei>529900MTK3C8Y8TIIC10</lei>
        <title>Solaris Energy Infrastructure Inc COM CL A</title>
        <cusip>83418M103</cusip>
        <identifiers>
          <isin value="US83418M1036"/>
          <ticker value="SEI"/>
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        <balance>22307.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1260568.57000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>OCEANFIRST FINANCIAL CORP</name>
        <lei>N/A</lei>
        <title>OceanFirst Financial Corp. COM</title>
        <cusip>675234108</cusip>
        <identifiers>
          <isin value="US6752341080"/>
          <ticker value="OCFC"/>
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        <balance>96239.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1736151.56000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Phibro Animal Health Corporation</name>
        <lei>549300U24SP4AF2JUX52</lei>
        <title>Phibro Animal Health Corporation CL A COM</title>
        <cusip>71742Q106</cusip>
        <identifiers>
          <isin value="US71742Q1067"/>
          <ticker value="PAHC"/>
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        <balance>13803.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>763443.93000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>DREYFUS TRSY OBLIG CASH M</name>
        <lei>N/A</lei>
        <title>DREYFUS TRSY OBLIG CASH M</title>
        <cusip>000000000</cusip>
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          <ticker value="DTRXX"/>
          <other otherDesc="INTERNAL" value="X9USDDRET"/>
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        <balance>342699.97000000</balance>
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        <curCd>USD</curCd>
        <valUSD>342699.97000000</valUSD>
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        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Origin Bancorp Inc</name>
        <lei>54930055DO2Z4KO3NB45</lei>
        <title>Origin Bancorp Inc COM</title>
        <cusip>68621T102</cusip>
        <identifiers>
          <isin value="US68621T1025"/>
          <ticker value="OBK"/>
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        <balance>16956.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>702995.76000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Crane NXT Co</name>
        <lei>549300EXNPSXEWUD3N21</lei>
        <title>Crane NXT Co COM</title>
        <cusip>224441105</cusip>
        <identifiers>
          <isin value="US2244411052"/>
          <ticker value="CXT"/>
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        <balance>33201.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1347628.59000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Victory Capital Holdings, Inc.</name>
        <lei>549300BN5LH2CIPPHS71</lei>
        <title>Victory Capital Holdings, Inc. COM CL A</title>
        <cusip>92645B103</cusip>
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          <isin value="US92645B1035"/>
          <ticker value="VCTR"/>
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        <balance>91936.00000000</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>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <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"/>
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        <balance>161748.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4509534.24000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Archrock Inc</name>
        <lei>549300K3RIHMHDVFTL28</lei>
        <title>Archrock Inc COM</title>
        <cusip>03957W106</cusip>
        <identifiers>
          <isin value="US03957W1062"/>
          <ticker value="AROC"/>
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        <balance>278580.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>9694584.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Kontoor Brands Inc</name>
        <lei>549300M0CPXV65RFF271</lei>
        <title>Kontoor Brands Inc COM</title>
        <cusip>50050N103</cusip>
        <identifiers>
          <isin value="US50050N1037"/>
          <ticker value="KTB"/>
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        <balance>70109.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4927961.61000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Koppers Holdings Inc</name>
        <lei>N/A</lei>
        <title>Koppers Holdings Inc COM</title>
        <cusip>50060P106</cusip>
        <identifiers>
          <isin value="US50060P1066"/>
          <ticker value="KOP"/>
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        <balance>14170.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>548095.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PROG Holdings Inc.</name>
        <lei>549300DHYTLBOVRXIG52</lei>
        <title>PROG Holdings Inc. COM NPV</title>
        <cusip>74319R101</cusip>
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          <isin value="US74319R1014"/>
          <ticker value="PRG"/>
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        <balance>23763.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>681760.47000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CRA INTERNATIONAL INC</name>
        <lei>N/A</lei>
        <title>CRA International Inc. COM</title>
        <cusip>12618T105</cusip>
        <identifiers>
          <isin value="US12618T1051"/>
          <ticker value="CRAI"/>
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        <balance>4336.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>701911.68000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Buckle Inc</name>
        <lei>5299007IU0461T3GDL34</lei>
        <title>Buckle Inc COM</title>
        <cusip>118440106</cusip>
        <identifiers>
          <isin value="US1184401065"/>
          <ticker value="BKE"/>
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        <balance>120929.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6089984.44000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Citizens Community Bancorp Inc. Md</name>
        <lei>549300VKLJAF4WABEF16</lei>
        <title>Citizens Community Bancorp Inc. Md COM</title>
        <cusip>174903104</cusip>
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          <isin value="US1749031043"/>
          <ticker value="CZWI"/>
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        <balance>3699.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>McGrath RentCorp.</name>
        <lei>254900EUH6IPWFQ83445</lei>
        <title>McGrath RentCorp. COM</title>
        <cusip>580589109</cusip>
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          <isin value="US5805891091"/>
          <ticker value="MGRC"/>
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        <balance>22013.00000000</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>VSE Corp.</name>
        <lei>549300QWJYQDH4U5XI15</lei>
        <title>VSE Corp. COM</title>
        <cusip>918284100</cusip>
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          <isin value="US9182841000"/>
          <ticker value="VSEC"/>
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        <balance>9463.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1744977.20000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BGC Group Inc</name>
        <lei>2549001IGRCG4F0RLD36</lei>
        <title>BGC Group Inc CL A</title>
        <cusip>088929104</cusip>
        <identifiers>
          <isin value="US0889291045"/>
          <ticker value="BGC"/>
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        <balance>139765.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Global Industrial Company</name>
        <lei>5493000GO8Z3HEWCGE46</lei>
        <title>Global Industrial Company COM</title>
        <cusip>37892E102</cusip>
        <identifiers>
          <isin value="US37892E1029"/>
          <ticker value="GIC"/>
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        <balance>67738.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2135101.76000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>AMALGAMATED FINANCIAL CORP</name>
        <lei>N/A</lei>
        <title>Amalgamated Financial Corp. COM</title>
        <cusip>022671101</cusip>
        <identifiers>
          <isin value="US0226711010"/>
          <ticker value="AMAL"/>
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        <balance>17712.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>688465.44000000</valUSD>
        <pctVal>0.191551823955</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>
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      <invstOrSec>
        <name>Kforce Inc</name>
        <lei>5493003RDQQDVXY2SK46</lei>
        <title>Kforce Inc COM</title>
        <cusip>493732101</cusip>
        <identifiers>
          <isin value="US4937321010"/>
          <ticker value="KFRC"/>
        </identifiers>
        <balance>43636.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1275916.64000000</valUSD>
        <pctVal>0.354998443504</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>
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      </invstOrSec>
      <invstOrSec>
        <name>ETHAN ALLEN INTERIORS INC</name>
        <lei>N/A</lei>
        <title>Ethan Allen Interiors Inc. COM</title>
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          <isin value="US2976021046"/>
          <ticker value="ETD"/>
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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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CF Bankshares Inc</name>
        <lei>5493005T7GGZJKF4UK64</lei>
        <title>CF Bankshares Inc COM</title>
        <cusip>12520L109</cusip>
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          <isin value="US12520L1098"/>
          <ticker value="CFBK"/>
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        <balance>2533.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Standex International Corp</name>
        <lei>RCX52GR0JW2LRRMH9Z54</lei>
        <title>Standex International Corp COM</title>
        <cusip>854231107</cusip>
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          <isin value="US8542311076"/>
          <ticker value="SXI"/>
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        <balance>4729.00000000</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>Griffon Corp</name>
        <lei>5493000C2SGNC7ZN3242</lei>
        <title>Griffon Corp COM</title>
        <cusip>398433102</cusip>
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          <isin value="US3984331021"/>
          <ticker value="GFF"/>
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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>Wiley John &amp; Sons Inc.</name>
        <lei>5493003XM719UN7E8P64</lei>
        <title>Wiley John &amp; Sons Inc. CL A</title>
        <cusip>968223206</cusip>
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          <isin value="US9682232064"/>
          <ticker value="WLY"/>
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        <balance>79095.00000000</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>Cadre Holdings Inc.</name>
        <lei>2549006IKQEWJ8M7CB97</lei>
        <title>Cadre Holdings Inc. COM</title>
        <cusip>12763L105</cusip>
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          <isin value="US12763L1052"/>
          <ticker value="CDRE"/>
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        <balance>19347.00000000</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>Stewart Information Services Corporation</name>
        <lei>529900TV1XI0PLKENU10</lei>
        <title>Stewart Information Services Corporation COM</title>
        <cusip>860372101</cusip>
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          <isin value="US8603721015"/>
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        <balance>32150.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1979797.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SERVISFIRST BANCSHARES INC</name>
        <lei>N/A</lei>
        <title>ServisFirst Bancshares Inc. COM</title>
        <cusip>81768T108</cusip>
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          <isin value="US81768T1088"/>
          <ticker value="SFBS"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Enerpac Tool Group Corp</name>
        <lei>IZW37BPZKUJE1QXGB081</lei>
        <title>Enerpac Tool Group Corp CL A COM</title>
        <cusip>292765104</cusip>
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          <isin value="US2927651040"/>
          <ticker value="EPAC"/>
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        <balance>20863.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>760873.61000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Patrick Industries Inc.</name>
        <lei>549300FZ5ZTCCJ3Z5W14</lei>
        <title>Patrick Industries Inc. COM</title>
        <cusip>703343103</cusip>
        <identifiers>
          <isin value="US7033431039"/>
          <ticker value="PATK"/>
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        <balance>27441.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3047871.87000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>RPC Inc</name>
        <lei>549300ZDXAFBC3SB4918</lei>
        <title>RPC Inc COM</title>
        <cusip>749660106</cusip>
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          <isin value="US7496601060"/>
          <ticker value="RES"/>
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        <balance>301270.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2132991.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>WillScot Holdings Corporation</name>
        <lei>549300HJ4VIXF476Q166</lei>
        <title>WillScot Holdings Corporation COM CL A</title>
        <cusip>971378104</cusip>
        <identifiers>
          <isin value="US9713781048"/>
          <ticker value="WSC"/>
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        <balance>116351.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2019853.36000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Unity Bancorp Inc</name>
        <lei>549300Q90ZRNUR65PL93</lei>
        <title>Unity Bancorp Inc COM</title>
        <cusip>913290102</cusip>
        <identifiers>
          <isin value="US9132901029"/>
          <ticker value="UNTY"/>
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        <balance>3697.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>191615.51000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Princeton Bancorp Inc</name>
        <lei>549300ZWKMVQ4WLNLQ57</lei>
        <title>Princeton Bancorp Inc COM</title>
        <cusip>74179A107</cusip>
        <identifiers>
          <isin value="US74179A1079"/>
          <ticker value="BPRN"/>
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        <balance>6223.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>210150.71000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Excelerate Energy Inc.</name>
        <lei>254900J6DPU4HB368I65</lei>
        <title>Excelerate Energy Inc. CL A COM</title>
        <cusip>30069T101</cusip>
        <identifiers>
          <isin value="US30069T1016"/>
          <ticker value="EE"/>
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        <balance>20656.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>690323.52000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ADEIA INC</name>
        <lei>N/A</lei>
        <title>Adeia Inc. COM</title>
        <cusip>00676P107</cusip>
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          <isin value="US00676P1075"/>
          <ticker value="ADEA"/>
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        <balance>89299.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Old Second Bancorp Inc.</name>
        <lei>549300XVJC1MPUT81C04</lei>
        <title>Old Second Bancorp Inc. COM</title>
        <cusip>680277100</cusip>
        <identifiers>
          <isin value="US6802771005"/>
          <ticker value="OSBC"/>
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        <balance>23377.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>471280.32000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Pricesmart Inc</name>
        <lei>549300JVYOSTGVSDZS46</lei>
        <title>Pricesmart Inc COM</title>
        <cusip>741511109</cusip>
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          <isin value="US7415111092"/>
          <ticker value="PSMT"/>
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        <balance>14913.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2244406.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Northeast Bank</name>
        <lei>549300F0LV9TSW34E306</lei>
        <title>Northeast Bank COM</title>
        <cusip>66405S100</cusip>
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          <isin value="US66405S1006"/>
          <ticker value="NBN"/>
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        <balance>3117.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>350257.29000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Cohen And Steers Inc.</name>
        <lei>549300XXIA338A0X2K65</lei>
        <title>Cohen And Steers Inc. COM</title>
        <cusip>19247A100</cusip>
        <identifiers>
          <isin value="US19247A1007"/>
          <ticker value="CNS"/>
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        <balance>88701.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5548247.55000000</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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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>WD-40 Co.</name>
        <lei>549300UZHTN0CNKBOB19</lei>
        <title>WD-40 Co. COM</title>
        <cusip>929236107</cusip>
        <identifiers>
          <isin value="US9292361071"/>
          <ticker value="WDFC"/>
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        <balance>12527.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2554756.38000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Iradimed Corp.</name>
        <lei>549300YVHWP0YJ1YW816</lei>
        <title>Iradimed Corp. COM</title>
        <cusip>46266A109</cusip>
        <identifiers>
          <isin value="US46266A1097"/>
          <ticker value="IRMD"/>
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        <balance>5673.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>546082.98000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HNI Corp</name>
        <lei>549300SKRADLC4O5HV93</lei>
        <title>HNI Corp COM</title>
        <cusip>404251100</cusip>
        <identifiers>
          <isin value="US4042511000"/>
          <ticker value="HNI"/>
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        <balance>70689.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2360305.71000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Concentrix Corp.</name>
        <lei>5493000EAJN1KMPVA737</lei>
        <title>Concentrix Corp. COM</title>
        <cusip>20602D101</cusip>
        <identifiers>
          <isin value="US20602D1019"/>
          <ticker value="CNXC"/>
        </identifiers>
        <balance>113863.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3115291.68000000</valUSD>
        <pctVal>0.866767986866</pctVal>
        <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>
      <invstOrSec>
        <name>Equity Bancshares Inc.</name>
        <lei>549300BPQ2EJNU4WF694</lei>
        <title>Equity Bancshares Inc. COM CL A</title>
        <cusip>29460X109</cusip>
        <identifiers>
          <isin value="US29460X1090"/>
          <ticker value="EQBK"/>
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        <balance>7933.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>352304.53000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Crawford &amp; Co</name>
        <lei>7TZZFJ2GPOGLWIKIXY82</lei>
        <title>Crawford &amp; Co CL A</title>
        <cusip>224633206</cusip>
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          <isin value="US2246332066"/>
          <ticker value="CRD/A"/>
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        <balance>18018.00000000</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>Climb Global Solutions Inc</name>
        <lei>549300LKM16VX2FG7J68</lei>
        <title>Climb Global Solutions Inc COM</title>
        <cusip>946760105</cusip>
        <identifiers>
          <isin value="US9467601053"/>
          <ticker value="CLMB"/>
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        <balance>10360.00000000</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>BEL Fuse Inc</name>
        <lei>2549009L4XYDBRRY6X39</lei>
        <title>BEL Fuse Inc CL B</title>
        <cusip>077347300</cusip>
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          <isin value="US0773473006"/>
          <ticker value="BELFB"/>
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        <balance>3910.00000000</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>Plumas Bancorp</name>
        <lei>549300O5TKTXYTYP4G59</lei>
        <title>Plumas Bancorp COM</title>
        <cusip>729273102</cusip>
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          <isin value="US7292731020"/>
          <ticker value="PLBC"/>
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        <balance>3697.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>180487.54000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Pathward Financial Inc</name>
        <lei>5493004X52BH1NBLW813</lei>
        <title>Pathward Financial Inc COM</title>
        <cusip>59100U108</cusip>
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          <isin value="US59100U1088"/>
          <ticker value="CASH"/>
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        <balance>8494.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>HighPeak Energy Inc</name>
        <lei>549300J4RNCV140DUY76</lei>
        <title>HighPeak Energy Inc COM</title>
        <cusip>43114Q105</cusip>
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          <isin value="US43114Q1058"/>
          <ticker value="HPK"/>
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        <balance>179419.00000000</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>UNIVERSAL LOGISTICS HOLDINGS INC</name>
        <lei>N/A</lei>
        <title>Universal Logistics Holdings Inc. COM</title>
        <cusip>91388P105</cusip>
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          <isin value="US91388P1057"/>
          <ticker value="ULH"/>
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        <balance>38600.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>816004.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Cinemark Holdings Inc.</name>
        <lei>549300LL2QMPTYIE0K55</lei>
        <title>Cinemark Holdings Inc. COM</title>
        <cusip>17243V102</cusip>
        <identifiers>
          <isin value="US17243V1026"/>
          <ticker value="CNK"/>
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        <balance>87832.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2504968.64000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Information Services Group Inc.</name>
        <lei>549300ZUNI6DQ0G8Q273</lei>
        <title>Information Services Group Inc. COM</title>
        <cusip>45675Y104</cusip>
        <identifiers>
          <isin value="US45675Y1047"/>
          <ticker value="III"/>
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        <balance>93252.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>358087.68000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Clear Secure Inc</name>
        <lei>N/A</lei>
        <title>Clear Secure Inc COM CL A</title>
        <cusip>18467V109</cusip>
        <identifiers>
          <isin value="US18467V1098"/>
          <ticker value="YOU"/>
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        <balance>68484.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3315310.44000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Schneider National Inc</name>
        <lei>529900V6GZ6G6E3BLV72</lei>
        <title>Schneider National Inc CL B</title>
        <cusip>80689H102</cusip>
        <identifiers>
          <isin value="US80689H1023"/>
          <ticker value="SNDR"/>
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        <balance>68373.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1802312.28000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>A10 Networks Inc</name>
        <lei>549300UQD4IWUML81Q35</lei>
        <title>A10 Networks Inc COM</title>
        <cusip>002121101</cusip>
        <identifiers>
          <isin value="US0021211018"/>
          <ticker value="ATEN"/>
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        <balance>51831.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1198332.72000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Core Laboratories Inc</name>
        <lei>984500040P5J07V43135</lei>
        <title>Core Laboratories Inc COM</title>
        <cusip>21867A105</cusip>
        <identifiers>
          <isin value="US21867A1051"/>
          <ticker value="CLB"/>
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        <balance>16932.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>284288.28000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Ranger Energy Services Inc</name>
        <lei>549300J7RIVGVAN0RE23</lei>
        <title>Ranger Energy Services Inc COM CL A</title>
        <cusip>75282U104</cusip>
        <identifiers>
          <isin value="US75282U1043"/>
          <ticker value="RNGR"/>
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        <balance>26166.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>448485.24000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Kingstone Companies Inc</name>
        <lei>N/A</lei>
        <title>Kingstone Companies Inc COM</title>
        <cusip>496719105</cusip>
        <identifiers>
          <isin value="US4967191051"/>
          <ticker value="KINS"/>
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        <balance>5664.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>82524.48000000</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>Lemaitre Vascular Inc.</name>
        <lei>549300FZUBUB7MHY8R17</lei>
        <title>Lemaitre Vascular Inc. COM</title>
        <cusip>525558201</cusip>
        <identifiers>
          <isin value="US5255582018"/>
          <ticker value="LMAT"/>
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        <balance>11193.00000000</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>Silgan Holdings Inc.</name>
        <lei>KAF673KJXD92C8KSLU49</lei>
        <title>Silgan Holdings Inc. COM</title>
        <cusip>827048109</cusip>
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          <isin value="US8270481091"/>
          <ticker value="SLGN"/>
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        <balance>102406.00000000</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>Science Applications International Corp.</name>
        <lei>549300LZPNZIXQGZPZ48</lei>
        <title>Science Applications International Corp. COM</title>
        <cusip>808625107</cusip>
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          <isin value="US8086251076"/>
          <ticker value="SAIC"/>
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        <balance>36845.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3497327.40000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>First Commonwealth Financial Corp PA</name>
        <lei>549300ZHLQ42NXDETL24</lei>
        <title>First Commonwealth Financial Corp PA COM</title>
        <cusip>319829107</cusip>
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          <isin value="US3198291078"/>
          <ticker value="FCF"/>
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        <balance>141709.00000000</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>Central Pacific Financial Corp.</name>
        <lei>549300W3YEAOZ4KGG849</lei>
        <title>Central Pacific Financial Corp. COM NEW</title>
        <cusip>154760409</cusip>
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          <isin value="US1547604090"/>
          <ticker value="CPF"/>
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        <balance>37945.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1212722.20000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Cal-Maine Foods Inc.</name>
        <lei>549300NHE5WMIEIEMF53</lei>
        <title>Cal-Maine Foods Inc. COM NEW</title>
        <cusip>128030202</cusip>
        <identifiers>
          <isin value="US1280302027"/>
          <ticker value="CALM"/>
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        <balance>84541.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6691420.15000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>SELECT MEDICAL HOLDINGS CORP</name>
        <lei>N/A</lei>
        <title>Select Medical Holdings Corporation COM</title>
        <cusip>81619Q105</cusip>
        <identifiers>
          <isin value="US81619Q1058"/>
          <ticker value="SEM"/>
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        <balance>101967.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1661042.43000000</valUSD>
        <pctVal>0.462152039372</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>Independent Bank Corp.</name>
        <lei>549300C5K3W8THR3GE10</lei>
        <title>Independent Bank Corp. COM</title>
        <cusip>453836108</cusip>
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          <isin value="US4538361084"/>
          <ticker value="INDB"/>
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        <balance>69437.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Sanfilippo(John B)</name>
        <lei>5299007IBEYVXKYDUX28</lei>
        <title>Sanfilippo(John B) COM</title>
        <cusip>800422107</cusip>
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          <isin value="US8004221078"/>
          <ticker value="JBSS"/>
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        <balance>10256.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>IDT Corp</name>
        <lei>549300JNTN7ZMJDFCL56</lei>
        <title>IDT Corp CL B NEW</title>
        <cusip>448947507</cusip>
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          <isin value="US4489475073"/>
          <ticker value="IDT"/>
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        <balance>9104.00000000</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>Energizer Holdings Inc</name>
        <lei>5493000D6NN0V57UME20</lei>
        <title>Energizer Holdings Inc COM</title>
        <cusip>29272W109</cusip>
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          <isin value="US29272W1099"/>
          <ticker value="ENR"/>
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        <balance>161030.00000000</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>Hawkins Inc</name>
        <lei>549300VL3IJ23OWX1Y34</lei>
        <title>Hawkins Inc COM</title>
        <cusip>420261109</cusip>
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          <isin value="US4202611095"/>
          <ticker value="HWKN"/>
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        <balance>7616.00000000</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>MERIDIAN CORP</name>
        <lei>N/A</lei>
        <title>Meridian Corporation COM</title>
        <cusip>58958P104</cusip>
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          <isin value="US58958P1049"/>
          <ticker value="MRBK"/>
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        <balance>4482.00000000</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>Connectone Bancorp Inc.</name>
        <lei>549300E2M5ZYAZKUK134</lei>
        <title>Connectone Bancorp Inc. COM</title>
        <cusip>20786W107</cusip>
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          <isin value="US20786W1071"/>
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        <balance>54219.00000000</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>CARRIAGE SERVICES INC</name>
        <lei>N/A</lei>
        <title>Carriage Services, Inc. COM</title>
        <cusip>143905107</cusip>
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          <isin value="US1439051079"/>
          <ticker value="CSV"/>
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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>PC Connection Inc.</name>
        <lei>5299005WPRNIXDV2KM73</lei>
        <title>PC Connection Inc. COM</title>
        <cusip>69318J100</cusip>
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          <isin value="US69318J1007"/>
          <ticker value="CNXN"/>
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        <balance>13882.00000000</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>FARMERS NATIONAL BANC CORP</name>
        <lei>N/A</lei>
        <title>Farmers National Banc Corp. COM</title>
        <cusip>309627107</cusip>
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          <isin value="US3096271073"/>
          <ticker value="FMNB"/>
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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>YORK WATER COMPANY (THE)</name>
        <lei>N/A</lei>
        <title>The York Water Co. COM</title>
        <cusip>987184108</cusip>
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          <isin value="US9871841089"/>
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        <balance>22344.00000000</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>HUB Group Inc</name>
        <lei>N/A</lei>
        <title>HUB Group Inc CL A</title>
        <cusip>443320106</cusip>
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          <isin value="US4433201062"/>
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        <balance>37733.00000000</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>MAGNOLIA OIL &amp; GAS CORP</name>
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        <title>Magnolia Oil &amp; Gas Corporation CL A</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Rush Enterprises Inc.</name>
        <lei>529900V3XHTN7A6DFT17</lei>
        <title>Rush Enterprises Inc. CL B</title>
        <cusip>781846308</cusip>
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        <fairValLevel>1</fairValLevel>
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        <name>Eplus Inc</name>
        <lei>529900FFY8AAFJ21NE91</lei>
        <title>Eplus Inc COM</title>
        <cusip>294268107</cusip>
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          <isin value="US2942681071"/>
          <ticker value="PLUS"/>
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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>Northern Oil And Gas, Inc.</name>
        <lei>OKFF0PIZDDMNH4UCYE51</lei>
        <title>Northern Oil And Gas, Inc. COM</title>
        <cusip>665531307</cusip>
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          <isin value="US6655313079"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Exponent Inc</name>
        <lei>529900NY3F5Q2NWPUZ42</lei>
        <title>Exponent Inc COM</title>
        <cusip>30214U102</cusip>
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          <isin value="US30214U1025"/>
          <ticker value="EXPO"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Perdoceo Education Corp.</name>
        <lei>529900X5PCA184O9LY90</lei>
        <title>Perdoceo Education Corp. COM</title>
        <cusip>71363P106</cusip>
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          <ticker value="PRDO"/>
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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>GERMAN AMERICAN BANCORP INC</name>
        <lei>5493002JDOI3GTNVUD76</lei>
        <title>German American Bancorp Inc. COM</title>
        <cusip>373865104</cusip>
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          <isin value="US3738651047"/>
          <ticker value="GABC"/>
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        <fairValLevel>1</fairValLevel>
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        <name>Federated Hermes Inc</name>
        <lei>R05X5UQ874RGFF7HHD84</lei>
        <title>Federated Hermes Inc CL B</title>
        <cusip>314211103</cusip>
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          <ticker value="FHI"/>
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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>MVB Financial Corp.</name>
        <lei>549300KSUQ2FUU1X2O74</lei>
        <title>MVB Financial Corp. COM</title>
        <cusip>553810102</cusip>
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          <isin value="US5538101024"/>
          <ticker value="MVBF"/>
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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>Renasant Corp.</name>
        <lei>549300OVE6OZHW2UUH81</lei>
        <title>Renasant Corp. COM</title>
        <cusip>75970E107</cusip>
        <identifiers>
          <isin value="US75970E1073"/>
          <ticker value="RNST"/>
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        <balance>104690.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PJT Partners Inc.</name>
        <lei>549300W3WBEQUBKYTN87</lei>
        <title>PJT Partners Inc. COM CL A</title>
        <cusip>69343T107</cusip>
        <identifiers>
          <isin value="US69343T1079"/>
          <ticker value="PJT"/>
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        <balance>9302.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Ennis Inc</name>
        <lei>N/A</lei>
        <title>Ennis Inc COM</title>
        <cusip>293389102</cusip>
        <identifiers>
          <isin value="US2933891028"/>
          <ticker value="EBF"/>
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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>Evertec Inc</name>
        <lei>N/A</lei>
        <title>Evertec Inc COM</title>
        <cusip>30040P103</cusip>
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          <isin value="PR30040P1032"/>
          <ticker value="EVTC"/>
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        <balance>23658.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>PR</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>LCI Industries</name>
        <lei>549300E1B98YNJ1WIQ04</lei>
        <title>LCI Industries COM</title>
        <cusip>50189K103</cusip>
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          <isin value="US50189K1034"/>
          <ticker value="LCII"/>
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        <balance>45394.00000000</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>Turning Point Brands Inc</name>
        <lei>549300IYG00QF0VVP302</lei>
        <title>Turning Point Brands Inc COM</title>
        <cusip>90041L105</cusip>
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          <isin value="US90041L1052"/>
          <ticker value="TPB"/>
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        <balance>7121.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Spectrum Brands Holdings Inc.</name>
        <lei>549300JM0MJETDD30O20</lei>
        <title>Spectrum Brands Holdings Inc. COM</title>
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          <isin value="US84790A1051"/>
          <ticker value="SPB"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Visteon Corporation</name>
        <lei>549300MOVLYHRW4GGW78</lei>
        <title>Visteon Corporation COM NEW</title>
        <cusip>92839U206</cusip>
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          <isin value="US92839U2069"/>
          <ticker value="VC"/>
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        <balance>14674.00000000</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>CNB Financial Corp (Pennsylvania)</name>
        <lei>254900RUYUOKD91VNX69</lei>
        <title>CNB Financial Corp (Pennsylvania) COM</title>
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          <isin value="US1261281075"/>
          <ticker value="CCNE"/>
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        <balance>27807.00000000</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>Barrett Business Services Inc.</name>
        <lei>529900HXB6TMG0SR9Y34</lei>
        <title>Barrett Business Services Inc. COM</title>
        <cusip>068463108</cusip>
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          <isin value="US0684631080"/>
          <ticker value="BBSI"/>
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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>Bank of Hawaii Corp.</name>
        <lei>5493006Q8BQ8AD8M2U33</lei>
        <title>Bank of Hawaii Corp. COM</title>
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          <isin value="US0625401098"/>
          <ticker value="BOH"/>
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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>Wabash National Corporation</name>
        <lei>5299004ZAWHQZI5XO485</lei>
        <title>Wabash National Corporation COM</title>
        <cusip>929566107</cusip>
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          <isin value="US9295661071"/>
          <ticker value="WNC"/>
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        <balance>78925.00000000</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>National Research Corp.</name>
        <lei>549300FQIORB6GZCYT15</lei>
        <title>National Research Corp. COM NEW</title>
        <cusip>637372202</cusip>
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          <isin value="US6373722023"/>
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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>Sylvamo Corp.</name>
        <lei>5493001AOYU1ZOWOC971</lei>
        <title>Sylvamo Corp. COMMON STOCK</title>
        <cusip>871332102</cusip>
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          <ticker value="SLVM"/>
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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>Vaalco Energy Inc</name>
        <lei>549300CFHFVIWB8M6T24</lei>
        <title>Vaalco Energy Inc COM NEW</title>
        <cusip>91851C201</cusip>
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          <ticker value="EGY"/>
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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>Trinet Group Inc</name>
        <lei>5299003FJVBETSFKE990</lei>
        <title>Trinet Group Inc COM</title>
        <cusip>896288107</cusip>
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          <isin value="US8962881079"/>
          <ticker value="TNET"/>
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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>Arcbest Corporation</name>
        <lei>5493006S3KBNE8ZS3J23</lei>
        <title>Arcbest Corporation COM</title>
        <cusip>03937C105</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Miller Industries Inc. (Tennessee)</name>
        <lei>549300F1O74SPUJ7UU94</lei>
        <title>Miller Industries Inc. (Tennessee) COM NEW</title>
        <cusip>600551204</cusip>
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          <ticker value="MLR"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Interface, Inc.</name>
        <lei>549300VXZWQOIDFPU355</lei>
        <title>Interface, Inc. COM</title>
        <cusip>458665304</cusip>
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          <ticker value="TILE"/>
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        <name>Community Financial System Inc</name>
        <lei>5299008N6YHE6GCP1E80</lei>
        <title>Community Financial System Inc COM</title>
        <cusip>203607106</cusip>
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          <ticker value="CBU"/>
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      <invstOrSec>
        <name>Astec Industries Inc.</name>
        <lei>5493002DO2QKHLKB2A48</lei>
        <title>Astec Industries Inc. COM</title>
        <cusip>046224101</cusip>
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        <assetCat>EC</assetCat>
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      <invstOrSec>
        <name>Esquire Financial Holdings Inc</name>
        <lei>N/A</lei>
        <title>Esquire Financial Holdings Inc COM</title>
        <cusip>29667J101</cusip>
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          <isin value="US29667J1016"/>
          <ticker value="ESQ"/>
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      <invstOrSec>
        <name>PVH Corp.</name>
        <lei>123WALMHY1GZXG2YDL90</lei>
        <title>PVH Corp. COM</title>
        <cusip>693656100</cusip>
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          <isin value="US6936561009"/>
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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>Cass Information Systems Inc.</name>
        <lei>549300G7XPIPR7SJ2F38</lei>
        <title>Cass Information Systems Inc. COM</title>
        <cusip>14808P109</cusip>
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          <isin value="US14808P1093"/>
          <ticker value="CASS"/>
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        <balance>12655.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>557073.10000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Brady Corp</name>
        <lei>549300G2LEQOFQC8GY34</lei>
        <title>Brady Corp CL A</title>
        <cusip>104674106</cusip>
        <identifiers>
          <isin value="US1046741062"/>
          <ticker value="BRC"/>
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        <balance>26331.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2139130.44000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California Resources Corporation</name>
        <lei>5493003Q8F0T4F4YMR48</lei>
        <title>California Resources Corporation COM STOCK</title>
        <cusip>13057Q305</cusip>
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          <isin value="US13057Q3056"/>
          <ticker value="CRC"/>
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        <balance>131839.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>9125895.58000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Materion Corp</name>
        <lei>549300CJ5RI351SUYT02</lei>
        <title>Materion Corp COM</title>
        <cusip>576690101</cusip>
        <identifiers>
          <isin value="US5766901012"/>
          <ticker value="MTRN"/>
        </identifiers>
        <balance>7744.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1120169.60000000</valUSD>
        <pctVal>0.311664925430</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 Andersons Inc</name>
        <lei>L38MWB8MVRFV7HVJPU11</lei>
        <title>The Andersons Inc COM</title>
        <cusip>034164103</cusip>
        <identifiers>
          <isin value="US0341641035"/>
          <ticker value="ANDE"/>
        </identifiers>
        <balance>25772.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1849914.16000000</valUSD>
        <pctVal>0.514701844014</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>Lindsay Corp</name>
        <lei>549300ZFO0QG5H8TPI61</lei>
        <title>Lindsay Corp COM</title>
        <cusip>535555106</cusip>
        <identifiers>
          <isin value="US5355551061"/>
          <ticker value="LNN"/>
        </identifiers>
        <balance>7236.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>861590.52000000</valUSD>
        <pctVal>0.239720436233</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>Five Star Bancorp.</name>
        <lei>5493008ZRBIHKWC0JA73</lei>
        <title>Five Star Bancorp. COM</title>
        <cusip>33830T103</cusip>
        <identifiers>
          <isin value="US33830T1034"/>
          <ticker value="FSBC"/>
        </identifiers>
        <balance>15819.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>596692.68000000</valUSD>
        <pctVal>0.166017877665</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>COVENANT LOGISTICS GROUP INC</name>
        <lei>N/A</lei>
        <title>Covenant Logistics Group Inc. CL A</title>
        <cusip>22284P105</cusip>
        <identifiers>
          <isin value="US22284P1057"/>
          <ticker value="CVLG"/>
        </identifiers>
        <balance>17828.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>484030.20000000</valUSD>
        <pctVal>0.134671782013</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>Regional Management Corp.</name>
        <lei>549300S5O87W87JW4146</lei>
        <title>Regional Management Corp. COM</title>
        <cusip>75902K106</cusip>
        <identifiers>
          <isin value="US75902K1060"/>
          <ticker value="RM"/>
        </identifiers>
        <balance>8259.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>266352.75000000</valUSD>
        <pctVal>0.074107358356</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>Nu Skin Enterprises Inc.</name>
        <lei>54930050DETB6CP71D38</lei>
        <title>Nu Skin Enterprises Inc. CL A</title>
        <cusip>67018T105</cusip>
        <identifiers>
          <isin value="US67018T1051"/>
          <ticker value="NUS"/>
        </identifiers>
        <balance>67025.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>487942.00000000</valUSD>
        <pctVal>0.135760162607</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>Korn Ferry</name>
        <lei>549300FOD20OM0GT5G40</lei>
        <title>Korn Ferry COM NEW</title>
        <cusip>500643200</cusip>
        <identifiers>
          <isin value="US5006432000"/>
          <ticker value="KFY"/>
        </identifiers>
        <balance>70779.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4455538.05000000</valUSD>
        <pctVal>1.239664899052</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>2026-06-01</ncom:dateSigned>
      <ncom:nameOfApplicant>WisdomTree Trust</ncom:nameOfApplicant>
      <ncom:signature>Clint Martin</ncom:signature>
      <ncom:signerName>Clint Martin</ncom:signerName>
      <ncom:title>Assistant Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
