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        <valUSD>8349826.16000000</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>INTERNATIONAL BANCSHARES CORP</name>
        <lei>549300Y16R531AU8TX77</lei>
        <title>INTERNATIONAL BANCSHARES CORP COM</title>
        <cusip>459044103</cusip>
        <identifiers>
          <isin value="US4590441030"/>
          <ticker value="IBOC"/>
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        <balance>78010.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5924859.50000000</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>
      <invstOrSec>
        <name>CBL &amp; ASSOCIATES PROPERTIES INC</name>
        <lei>529900EIVFBRS4PUBZ13</lei>
        <title>CBL &amp; ASSOCIATES PROPERTIES INC COMMON STOCK</title>
        <cusip>124830878</cusip>
        <identifiers>
          <isin value="US1248308785"/>
          <ticker value="CBL"/>
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        <balance>27613.00000000</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>ONESPAN INC</name>
        <lei>984500E502E6DC354D26</lei>
        <title>ONESPAN INC COM</title>
        <cusip>68287N100</cusip>
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          <isin value="US68287N1000"/>
          <ticker value="OSPN"/>
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        <balance>203569.00000000</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>ESCALADE INC</name>
        <lei>N/A</lei>
        <title>ESCALADE INC COM</title>
        <cusip>296056104</cusip>
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          <isin value="US2960561049"/>
          <ticker value="ESCA"/>
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        <balance>62190.00000000</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>IMMERSION CORP</name>
        <lei>529900AKNC1UAMQ2YB35</lei>
        <title>IMMERSION CORP COM</title>
        <cusip>452521107</cusip>
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          <isin value="US4525211078"/>
          <ticker value="IMMR"/>
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        <balance>177193.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1199596.61000000</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>ONE LIBERTY PROPERTIES INC</name>
        <lei>549300QII1CQZGZBZR14</lei>
        <title>ONE LIBERTY PROPERTIES INC COM</title>
        <cusip>682406103</cusip>
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          <isin value="US6824061039"/>
          <ticker value="OLP"/>
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        <balance>30594.00000000</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>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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        <balance>292492.00000000</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>LEMAITRE VASCULAR INC</name>
        <lei>549300FZUBUB7MHY8R17</lei>
        <title>LEMAITRE VASCULAR INC COM</title>
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          <isin value="US5255582018"/>
          <ticker value="LMAT"/>
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        <balance>33588.00000000</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>CALIFORNIA RESOURCES CORP</name>
        <lei>5493003Q8F0T4F4YMR48</lei>
        <title>CALIFORNIA RESOURCES CORP COM STOCK</title>
        <cusip>13057Q305</cusip>
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          <isin value="US13057Q3056"/>
          <ticker value="CRC"/>
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        <balance>256149.00000000</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>PATTERSON-UTI ENERGY INC</name>
        <lei>254900XGFBKIXD6G0697</lei>
        <title>PATTERSON-UTI ENERGY INC COM</title>
        <cusip>703481101</cusip>
        <identifiers>
          <isin value="US7034811015"/>
          <ticker value="PTEN"/>
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        <balance>1593120.00000000</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>SEACOAST BANKING CORP OF FLORIDA</name>
        <lei>549300V6IC06XYQYPG88</lei>
        <title>SEACOAST BANKING CORP OF FLORIDA COM NEW</title>
        <cusip>811707801</cusip>
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          <isin value="US8117078019"/>
          <ticker value="SBCF"/>
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        <balance>111016.00000000</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>CTS CORP</name>
        <lei>549300YV1HQLBVHOI649</lei>
        <title>CTS CORP COM</title>
        <cusip>126501105</cusip>
        <identifiers>
          <isin value="US1265011056"/>
          <ticker value="CTS"/>
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        <balance>44364.00000000</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>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>701696.00000000</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>CRICUT INC</name>
        <lei>254900R3DKAJ28MC0Q39</lei>
        <title>CRICUT INC COM CL A</title>
        <cusip>22658D100</cusip>
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          <isin value="US22658D1000"/>
          <ticker value="CRCT"/>
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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>LINDSAY CORP</name>
        <lei>549300ZFO0QG5H8TPI61</lei>
        <title>LINDSAY CORP COM</title>
        <cusip>535555106</cusip>
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          <isin value="US5355551061"/>
          <ticker value="LNN"/>
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        <balance>24070.00000000</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>WINMARK CORP</name>
        <lei>N/A</lei>
        <title>WINMARK CORP COM</title>
        <cusip>974250102</cusip>
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          <isin value="US9742501029"/>
          <ticker value="WINA"/>
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        <balance>11487.00000000</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>KRONOS WORLDWIDE INC</name>
        <lei>549300OBZ34C65APL277</lei>
        <title>KRONOS WORLDWIDE INC COM</title>
        <cusip>50105F105</cusip>
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          <isin value="US50105F1057"/>
          <ticker value="KRO"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>RAYONIER INC</name>
        <lei>HGV8VDVNL0W6SF2U9C50</lei>
        <title>RAYONIER INC COM</title>
        <cusip>754907103</cusip>
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          <isin value="US7549071030"/>
          <ticker value="RYN"/>
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        <balance>347316.00000000</balance>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>FIRST BUSEY CORP</name>
        <lei>549300X4ZNLYSX7GUY60</lei>
        <title>FIRST BUSEY CORP COM NEW</title>
        <cusip>319383204</cusip>
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          <isin value="US3193832041"/>
          <ticker value="BUSE"/>
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        <balance>210681.00000000</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>ENERGY SERVICES OF AMERICA CORP</name>
        <lei>984500A00BECD43F7B49</lei>
        <title>ENERGY SERVICES OF AMERICA CORP COM</title>
        <cusip>29271Q103</cusip>
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          <isin value="US29271Q1031"/>
          <ticker value="ESOA"/>
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        <balance>87682.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1695769.88000000</valUSD>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>HAMILTON BEACH BRANDS HOLDING COMPANY</name>
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        <title>HAMILTON BEACH BRANDS HOLDING COMPANY COM CL A</title>
        <cusip>40701T104</cusip>
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          <isin value="US40701T1043"/>
          <ticker value="HBB"/>
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        <balance>51914.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>DELEK US HOLDINGS INC</name>
        <lei>5493003O53JMENV1N385</lei>
        <title>DELEK US HOLDINGS INC COM</title>
        <cusip>24665A103</cusip>
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          <isin value="US24665A1034"/>
          <ticker value="DK"/>
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        <balance>152840.00000000</balance>
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        <valUSD>7765800.40000000</valUSD>
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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>PROVIDENT FINANCIAL SERVICES INC</name>
        <lei>529900JOSO3SXEDVE477</lei>
        <title>PROVIDENT FINANCIAL SERVICES INC COM</title>
        <cusip>74386T105</cusip>
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          <isin value="US74386T1051"/>
          <ticker value="PFS"/>
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        <balance>591343.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>13979348.52000000</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>EMBECTA CORP</name>
        <lei>549300RPG8GXVDHNXZ62</lei>
        <title>EMBECTA CORP COMMON STOCK</title>
        <cusip>29082K105</cusip>
        <identifiers>
          <isin value="US29082K1051"/>
          <ticker value="EMBC"/>
        </identifiers>
        <balance>259196.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>844978.96000000</valUSD>
        <pctVal>0.038658903320</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>AZZ INC</name>
        <lei>549300HD1X2NFLWPYC83</lei>
        <title>AZZ INC COM</title>
        <cusip>002474104</cusip>
        <identifiers>
          <isin value="US0024741045"/>
          <ticker value="AZZ"/>
        </identifiers>
        <balance>37975.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5888023.75000000</valUSD>
        <pctVal>0.269384862435</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>FB FINANCIAL CORP</name>
        <lei>5493000B2LD2C2A6C435</lei>
        <title>FB FINANCIAL CORP COM</title>
        <cusip>30257X104</cusip>
        <identifiers>
          <isin value="US30257X1046"/>
          <ticker value="FBK"/>
        </identifiers>
        <balance>43944.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2432300.40000000</valUSD>
        <pctVal>0.111280955457</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>H.B. FULLER COMPANY</name>
        <lei>JSMX3Z5FOYM8V0Q52357</lei>
        <title>H.B. FULLER COMPANY COM</title>
        <cusip>359694106</cusip>
        <identifiers>
          <isin value="US3596941068"/>
          <ticker value="FUL"/>
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        <balance>86332.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5032292.28000000</valUSD>
        <pctVal>0.230234017582</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>MONARCH CASINO &amp; RESORT INC</name>
        <lei>549300AK5FF7KY11V997</lei>
        <title>MONARCH CASINO &amp; RESORT INC COM</title>
        <cusip>609027107</cusip>
        <identifiers>
          <isin value="US6090271072"/>
          <ticker value="MCRI"/>
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        <balance>40197.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5290327.17000000</valUSD>
        <pctVal>0.242039454567</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>FIRST BANCORP (PUERTO RICO)</name>
        <lei>N/A</lei>
        <title>FIRST BANCORP (PUERTO RICO) COM NEW</title>
        <cusip>318672706</cusip>
        <identifiers>
          <isin value="PR3186727065"/>
          <ticker value="FBP"/>
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        <balance>534586.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>13936657.02000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NATIONAL HEALTHCARE CORP</name>
        <lei>254900PTS11LS1JS2752</lei>
        <title>NATIONAL HEALTHCARE CORP COM</title>
        <cusip>635906100</cusip>
        <identifiers>
          <isin value="US6359061008"/>
          <ticker value="NHC"/>
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        <balance>40851.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8634267.36000000</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>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TENNANT COMPANY</name>
        <lei>JYAIRLT8DVP6DP8UT336</lei>
        <title>TENNANT COMPANY COM</title>
        <cusip>880345103</cusip>
        <identifiers>
          <isin value="US8803451033"/>
          <ticker value="TNC"/>
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        <balance>44030.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3854386.20000000</valUSD>
        <pctVal>0.176343258849</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>ACADIAN ASSET MANAGEMENT INC</name>
        <lei>5493004FTLQNQTBOP608</lei>
        <title>ACADIAN ASSET MANAGEMENT INC COM</title>
        <cusip>10948W103</cusip>
        <identifiers>
          <isin value="US10948W1036"/>
          <ticker value="AAMI"/>
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        <balance>30526.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2183219.52000000</valUSD>
        <pctVal>0.099885176254</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>FIRST INTERSTATE BANCSYSTEM INC</name>
        <lei>549300WRWYTYX0RCNJ43</lei>
        <title>FIRST INTERSTATE BANCSYSTEM INC COM</title>
        <cusip>32055Y201</cusip>
        <identifiers>
          <isin value="US32055Y2019"/>
          <ticker value="FIBK"/>
        </identifiers>
        <balance>376920.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>14534035.20000000</valUSD>
        <pctVal>0.664951304414</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>TOWNEBANK</name>
        <lei>54930039UO39UJGI7078</lei>
        <title>TOWNEBANK COM</title>
        <cusip>89214P109</cusip>
        <identifiers>
          <isin value="US89214P1093"/>
          <ticker value="TOWN"/>
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        <balance>142979.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5181558.96000000</valUSD>
        <pctVal>0.237063165317</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>TRIMAS CORP</name>
        <lei>75G1WUQ8QK4P5MZOYD78</lei>
        <title>TRIMAS CORP COM NEW</title>
        <cusip>896215209</cusip>
        <identifiers>
          <isin value="US8962152091"/>
          <ticker value="TRS"/>
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        <balance>67409.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3035427.27000000</valUSD>
        <pctVal>0.138874806264</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>KENNAMETAL INC</name>
        <lei>549300GZDSG25XUV0Y08</lei>
        <title>KENNAMETAL INC COM</title>
        <cusip>489170100</cusip>
        <identifiers>
          <isin value="US4891701009"/>
          <ticker value="KMT"/>
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        <balance>205962.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7218968.10000000</valUSD>
        <pctVal>0.330277324126</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>DIME COMMERCIAL BANCSHARES INC</name>
        <lei>N/A</lei>
        <title>DIME COMMERCIAL BANCSHARES INC COM</title>
        <cusip>25432X102</cusip>
        <identifiers>
          <isin value="US25432X1028"/>
          <ticker value="DCOM"/>
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        <balance>65598.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2666558.70000000</valUSD>
        <pctVal>0.121998582049</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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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SEABOARD CORP</name>
        <lei>87Q3KOXT29OW9W9YPT70</lei>
        <title>SEABOARD CORP COM</title>
        <cusip>811543107</cusip>
        <identifiers>
          <isin value="US8115431079"/>
          <ticker value="SEB"/>
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        <balance>838.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3741108.54000000</valUSD>
        <pctVal>0.171160656307</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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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KAISER ALUMINUM CORP</name>
        <lei>N/A</lei>
        <title>KAISER ALUMINUM CORP COM PAR $0.01</title>
        <cusip>483007704</cusip>
        <identifiers>
          <isin value="US4830077040"/>
          <ticker value="KALU"/>
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        <balance>64342.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>12587225.46000000</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>DINE BRANDS GLOBAL INC</name>
        <lei>529900HKM8OWSHLKJY75</lei>
        <title>DINE BRANDS GLOBAL INC COM</title>
        <cusip>254423106</cusip>
        <identifiers>
          <isin value="US2544231069"/>
          <ticker value="DIN"/>
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        <balance>72941.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2618581.90000000</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>FINANCIAL INSTITUTIONS INC</name>
        <lei>N/A</lei>
        <title>FINANCIAL INSTITUTIONS INC COM</title>
        <cusip>317585404</cusip>
        <identifiers>
          <isin value="US3175854047"/>
          <ticker value="FISI"/>
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        <balance>33222.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1294661.34000000</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>NATIONAL STORAGE AFFILIATES TRUST</name>
        <lei>529900FS06O8GOYNR108</lei>
        <title>NATIONAL STORAGE AFFILIATES TRUST COM SHS BEN IN</title>
        <cusip>637870106</cusip>
        <identifiers>
          <isin value="US6378701063"/>
          <ticker value="NSA"/>
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        <balance>158057.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7028794.79000000</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>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>152343.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2403972.54000000</valUSD>
        <pctVal>0.109984918451</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>FOUR CORNERS PROPERTY TRUST INC</name>
        <lei>549300SVTPZPBDVNER42</lei>
        <title>FOUR CORNERS PROPERTY TRUST INC COM</title>
        <cusip>35086T109</cusip>
        <identifiers>
          <isin value="US35086T1097"/>
          <ticker value="FCPT"/>
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        <balance>135851.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3335142.05000000</valUSD>
        <pctVal>0.152587153260</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>DANA INC</name>
        <lei>KVWHW7YLZPFJM8QYNJ51</lei>
        <title>DANA INC COM</title>
        <cusip>235825205</cusip>
        <identifiers>
          <isin value="US2358252052"/>
          <ticker value="DAN"/>
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        <balance>230218.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6264231.78000000</valUSD>
        <pctVal>0.286596876637</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>INDEPENDENCE REALTY TRUST INC</name>
        <lei>549300Z3L8NU44NQEB29</lei>
        <title>INDEPENDENCE REALTY TRUST INC COM</title>
        <cusip>45378A106</cusip>
        <identifiers>
          <isin value="US45378A1060"/>
          <ticker value="IRT"/>
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        <balance>208518.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3480165.42000000</valUSD>
        <pctVal>0.159222163959</pctVal>
        <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>NEWTEKONE INC</name>
        <lei>549300YLU78IA8GKJ688</lei>
        <title>NEWTEKONE INC COM NEW</title>
        <cusip>652526203</cusip>
        <identifiers>
          <isin value="US6525262035"/>
          <ticker value="NEWT"/>
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        <balance>39624.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>586831.44000000</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>
      <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>157416.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5750406.48000000</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>OLIN CORP</name>
        <lei>549300GKK294V7W57P06</lei>
        <title>OLIN CORP COM PAR $1</title>
        <cusip>680665205</cusip>
        <identifiers>
          <isin value="US6806652052"/>
          <ticker value="OLN"/>
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        <balance>365253.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7239314.46000000</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>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>138839.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5610483.99000000</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>DONEGAL GROUP INC</name>
        <lei>N/A</lei>
        <title>DONEGAL GROUP INC CL A</title>
        <cusip>257701201</cusip>
        <identifiers>
          <isin value="US2577012014"/>
          <ticker value="DGICA"/>
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        <balance>67024.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1264072.64000000</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>LEGGETT &amp; PLATT INC</name>
        <lei>DKOVQUCDW4ZLYCUD4T55</lei>
        <title>LEGGETT &amp; PLATT INC COM</title>
        <cusip>524660107</cusip>
        <identifiers>
          <isin value="US5246601075"/>
          <ticker value="LEG"/>
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        <balance>310214.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3632605.94000000</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>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>193025.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>10757283.25000000</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>MESABI TRUST</name>
        <lei>N/A</lei>
        <title>MESABI TRUST CTF BEN INT</title>
        <cusip>590672101</cusip>
        <identifiers>
          <isin value="US5906721015"/>
          <ticker value="MSB"/>
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        <balance>71068.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1798020.40000000</valUSD>
        <pctVal>0.082261807811</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="48070.00000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>SUPERIOR GROUP OF COMPANIES INC</name>
        <lei>UOX145EEO0TB0ZWX2152</lei>
        <title>SUPERIOR GROUP OF COMPANIES INC COM</title>
        <cusip>868358102</cusip>
        <identifiers>
          <isin value="US8683581024"/>
          <ticker value="SGC"/>
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        <balance>64282.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>843379.84000000</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>WESTAMERICA BANCORP</name>
        <lei>984500CF4F8115C11D96</lei>
        <title>WESTAMERICA BANCORP COM</title>
        <cusip>957090103</cusip>
        <identifiers>
          <isin value="US9570901036"/>
          <ticker value="WABC"/>
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        <balance>47341.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2777496.47000000</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>WSFS FINANCIAL CORP</name>
        <lei>549300SU7VQHD6QRG886</lei>
        <title>WSFS FINANCIAL CORP COM</title>
        <cusip>929328102</cusip>
        <identifiers>
          <isin value="US9293281021"/>
          <ticker value="WSFS"/>
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        <balance>46267.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3550066.91000000</valUSD>
        <pctVal>0.162420249440</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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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>COMMUNITY WEST BANCSHARES</name>
        <lei>N/A</lei>
        <title>COMMUNITY WEST BANCSHARES COM</title>
        <cusip>203937107</cusip>
        <identifiers>
          <isin value="US2039371073"/>
          <ticker value="CWBC"/>
        </identifiers>
        <balance>23764.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>638301.04000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FIRST FINANCIAL CORP</name>
        <lei>N/A</lei>
        <title>FIRST FINANCIAL CORP COM</title>
        <cusip>320218100</cusip>
        <identifiers>
          <isin value="US3202181000"/>
          <ticker value="THFF"/>
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        <balance>24526.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1899293.44000000</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>SUNOCOCORP LLC</name>
        <lei>529900W6BS3KGM2OOQ61</lei>
        <title>SUNOCOCORP LLC COM SHS LLC</title>
        <cusip>86765Q106</cusip>
        <identifiers>
          <isin value="US86765Q1067"/>
          <ticker value="SUNC"/>
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        <balance>162812.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>11017488.04000000</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>HELIOS TECHNOLOGIES INC</name>
        <lei>5493000BCJSMIDRNTI78</lei>
        <title>HELIOS TECHNOLOGIES INC COM</title>
        <cusip>42328H109</cusip>
        <identifiers>
          <isin value="US42328H1095"/>
          <ticker value="HLIO"/>
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        <balance>43932.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3920931.00000000</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>SPOK HOLDINGS INC</name>
        <lei>549300HXXANIVN2ICC89</lei>
        <title>SPOK HOLDINGS INC COM</title>
        <cusip>84863T106</cusip>
        <identifiers>
          <isin value="US84863T1060"/>
          <ticker value="SPOK"/>
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        <balance>116279.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1190696.96000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LAKELAND FINANCIAL CORP</name>
        <lei>N/A</lei>
        <title>LAKELAND FINANCIAL CORP COM</title>
        <cusip>511656100</cusip>
        <identifiers>
          <isin value="US5116561003"/>
          <ticker value="LKFN"/>
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        <balance>42491.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2622544.52000000</valUSD>
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        <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>SONIC AUTOMOTIVE INC</name>
        <lei>549300NTLRGJ2JCBZU03</lei>
        <title>SONIC AUTOMOTIVE INC CL A</title>
        <cusip>83545G102</cusip>
        <identifiers>
          <isin value="US83545G1022"/>
          <ticker value="SAH"/>
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        <balance>60587.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5137171.73000000</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>ENERPAC TOOL GROUP CORP</name>
        <lei>IZW37BPZKUJE1QXGB081</lei>
        <title>ENERPAC TOOL GROUP CORP CL A COM</title>
        <cusip>292765104</cusip>
        <identifiers>
          <isin value="US2927651040"/>
          <ticker value="EPAC"/>
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        <balance>49546.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1776719.56000000</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>
      <invstOrSec>
        <name>SERVISFIRST BANCSHARES INC</name>
        <lei>N/A</lei>
        <title>SERVISFIRST BANCSHARES INC COM</title>
        <cusip>81768T108</cusip>
        <identifiers>
          <isin value="US81768T1088"/>
          <ticker value="SFBS"/>
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        <balance>55336.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4800398.00000000</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>SUNSTONE HOTEL INVESTORS INC</name>
        <lei>529900ZQ2V52V96ATF67</lei>
        <title>SUNSTONE HOTEL INVESTORS INC COM</title>
        <cusip>867892101</cusip>
        <identifiers>
          <isin value="US8678921011"/>
          <ticker value="SHO"/>
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        <balance>170637.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1953793.65000000</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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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>STELLAR BANCORP INC</name>
        <lei>54930070P8Z0WHFBB536</lei>
        <title>STELLAR BANCORP INC COM</title>
        <cusip>858927106</cusip>
        <identifiers>
          <isin value="US8589271068"/>
          <ticker value="STEL"/>
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        <balance>45670.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1795744.40000000</valUSD>
        <pctVal>0.082157677805</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>CURIOSITYSTREAM INC</name>
        <lei>549300MSP5P41EYSIZ09</lei>
        <title>CURIOSITYSTREAM INC COM CL A</title>
        <cusip>23130Q107</cusip>
        <identifiers>
          <isin value="US23130Q1076"/>
          <ticker value="CURI"/>
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        <balance>301963.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>803221.58000000</valUSD>
        <pctVal>0.036748448039</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>ST. JOE COMPANY (THE)</name>
        <lei>529900XVHOT3BF8PWG49</lei>
        <title>ST. JOE COMPANY (THE) COM</title>
        <cusip>790148100</cusip>
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          <isin value="US7901481009"/>
          <ticker value="JOE"/>
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        <balance>46766.00000000</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>VISTEON CORP</name>
        <lei>549300MOVLYHRW4GGW78</lei>
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          <isin value="US92839U2069"/>
          <ticker value="VC"/>
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        <balance>36230.00000000</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>EPLUS INC</name>
        <lei>529900FFY8AAFJ21NE91</lei>
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        <cusip>294268107</cusip>
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          <isin value="US2942681071"/>
          <ticker value="PLUS"/>
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        <balance>38616.00000000</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>CHESAPEAKE UTILITIES CORP</name>
        <lei>254900WW0FDCKAOCKE74</lei>
        <title>CHESAPEAKE UTILITIES CORP COM</title>
        <cusip>165303108</cusip>
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          <isin value="US1653031088"/>
          <ticker value="CPK"/>
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        <balance>45768.00000000</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>CONMED CORP</name>
        <lei>Z6C0YCECH9DCU5ZIQW84</lei>
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          <isin value="US2074101013"/>
          <ticker value="CNMD"/>
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        <balance>76735.00000000</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>NORTHWESTERN ENERGY GROUP INC</name>
        <lei>254900N1WG46G1VMDM34</lei>
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        <cusip>668074305</cusip>
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          <isin value="US6680743050"/>
          <ticker value="NWE"/>
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        <balance>273145.00000000</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>CHATHAM LODGING TRUST</name>
        <lei>N/A</lei>
        <title>CHATHAM LODGING TRUST COM</title>
        <cusip>16208T102</cusip>
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          <isin value="US16208T1025"/>
          <ticker value="CLDT"/>
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        <balance>54311.00000000</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>STANDARD MOTOR PRODUCTS INC</name>
        <lei>THGK1EO5B5HK0JHQVZ90</lei>
        <title>STANDARD MOTOR PRODUCTS INC COM</title>
        <cusip>853666105</cusip>
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          <isin value="US8536661056"/>
          <ticker value="SMP"/>
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        <balance>93264.00000000</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>BREAD FINANCIAL HOLDINGS INC</name>
        <lei>549300G8S4PO686J7H97</lei>
        <title>BREAD FINANCIAL HOLDINGS INC COM</title>
        <cusip>018581108</cusip>
        <identifiers>
          <isin value="US0185811082"/>
          <ticker value="BFH"/>
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        <balance>48165.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5218677.75000000</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>INVESTORS TITLE CO INC</name>
        <lei>N/A</lei>
        <title>INVESTORS TITLE CO INC COM</title>
        <cusip>461804106</cusip>
        <identifiers>
          <isin value="US4618041069"/>
          <ticker value="ITIC"/>
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        <balance>4156.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1137414.08000000</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>CURBLINE PROPERTIES CORP</name>
        <lei>529900PGR41LH0I81I15</lei>
        <title>CURBLINE PROPERTIES CORP COM</title>
        <cusip>23128Q101</cusip>
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          <isin value="US23128Q1013"/>
          <ticker value="CURB"/>
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        <balance>85768.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2607347.20000000</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>OTTER TAIL CORP</name>
        <lei>N/A</lei>
        <title>OTTER TAIL CORP COM</title>
        <cusip>689648103</cusip>
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          <isin value="US6896481032"/>
          <ticker value="OTTR"/>
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        <balance>91106.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>8197717.88000000</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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      <invstOrSec>
        <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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        <balance>191622.00000000</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>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>19968.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1738414.08000000</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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      <invstOrSec>
        <name>NATIONAL BANK HOLDINGS CORP</name>
        <lei>N/A</lei>
        <title>NATIONAL BANK HOLDINGS CORP CL A</title>
        <cusip>633707104</cusip>
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          <isin value="US6337071046"/>
          <ticker value="NBHC"/>
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        <balance>57856.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2570542.08000000</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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      <invstOrSec>
        <name>VILLAGE SUPER MARKET INC</name>
        <lei>25490069686XCNNEMQ07</lei>
        <title>VILLAGE SUPER MARKET INC CL A NEW</title>
        <cusip>927107409</cusip>
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          <ticker value="VLGEA"/>
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        <balance>54058.00000000</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>URBAN EDGE PROPERTIES</name>
        <lei>N/A</lei>
        <title>URBAN EDGE PROPERTIES COM</title>
        <cusip>91704F104</cusip>
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          <isin value="US91704F1049"/>
          <ticker value="UE"/>
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        <balance>102533.00000000</balance>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>WESBANCO INC</name>
        <lei>N/A</lei>
        <title>WESBANCO INC COM</title>
        <cusip>950810101</cusip>
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          <isin value="US9508101014"/>
          <ticker value="WSBC"/>
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        <balance>266450.00000000</balance>
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        <curCd>USD</curCd>
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        <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>20019.00000000</balance>
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        <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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        <balance>6977.00000000</balance>
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        <name>RESOURCES CONNECTION INC</name>
        <lei>N/A</lei>
        <title>RESOURCES CONNECTION INC COM</title>
        <cusip>76122Q105</cusip>
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          <isin value="US76122Q1058"/>
          <ticker value="RGP"/>
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        <balance>134069.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>TRICO BANCSHARES</name>
        <lei>N/A</lei>
        <title>TRICO BANCSHARES COM</title>
        <cusip>896095106</cusip>
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          <isin value="US8960951064"/>
          <ticker value="TCBK"/>
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        <balance>47060.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2534181.00000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>YORK WATER COMPANY (THE)</name>
        <lei>N/A</lei>
        <title>YORK WATER COMPANY (THE) COM</title>
        <cusip>987184108</cusip>
        <identifiers>
          <isin value="US9871841089"/>
          <ticker value="YORW"/>
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        <balance>71328.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2186203.20000000</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>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VIRCO MANUFACTURING CORP</name>
        <lei>N/A</lei>
        <title>VIRCO MANUFACTURING CORP COM</title>
        <cusip>927651109</cusip>
        <identifiers>
          <isin value="US9276511097"/>
          <ticker value="VIRC"/>
        </identifiers>
        <balance>54734.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>336066.76000000</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MCGRATH RENTCORP</name>
        <lei>254900EUH6IPWFQ83445</lei>
        <title>MCGRATH RENTCORP COM</title>
        <cusip>580589109</cusip>
        <identifiers>
          <isin value="US5805891091"/>
          <ticker value="MGRC"/>
        </identifiers>
        <balance>46942.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5681390.26000000</valUSD>
        <pctVal>0.259931107382</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>RGC RESOURCES INC</name>
        <lei>N/A</lei>
        <title>RGC RESOURCES INC COM</title>
        <cusip>74955L103</cusip>
        <identifiers>
          <isin value="US74955L1035"/>
          <ticker value="RGCO"/>
        </identifiers>
        <balance>47040.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1124256.00000000</valUSD>
        <pctVal>0.051436196720</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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          <loanByFundCondition isLoanByFund="Y" loanVal="26624.60000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KOHL'S CORP</name>
        <lei>549300JF6LPRTRJ0FH50</lei>
        <title>KOHL'S CORP COM</title>
        <cusip>500255104</cusip>
        <identifiers>
          <isin value="US5002551043"/>
          <ticker value="KSS"/>
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        <balance>320714.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5683052.08000000</valUSD>
        <pctVal>0.260007137842</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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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>STOCK YARDS BANCORP INC</name>
        <lei>549300YERP9H5TDIQW16</lei>
        <title>STOCK YARDS BANCORP INC COM</title>
        <cusip>861025104</cusip>
        <identifiers>
          <isin value="US8610251048"/>
          <ticker value="SYBT"/>
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        <balance>29936.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2289205.92000000</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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          <loanByFundCondition isLoanByFund="Y" loanVal="455990.61000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>GREAT SOUTHERN BANCORP INC</name>
        <lei>5493000ZL7DLNMN1AB26</lei>
        <title>GREAT SOUTHERN BANCORP INC COM</title>
        <cusip>390905107</cusip>
        <identifiers>
          <isin value="US3909051076"/>
          <ticker value="GSBC"/>
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        <balance>11448.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>897637.68000000</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>CITIZENS &amp; NORTHERN CORP</name>
        <lei>N/A</lei>
        <title>CITIZENS &amp; NORTHERN CORP COM</title>
        <cusip>172922106</cusip>
        <identifiers>
          <isin value="US1729221069"/>
          <ticker value="CZNC"/>
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        <balance>21092.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>491654.52000000</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>SELECT WATER SOLUTIONS INC</name>
        <lei>54930094OK8LA3QDW486</lei>
        <title>SELECT WATER SOLUTIONS INC CL A COM</title>
        <cusip>81617J301</cusip>
        <identifiers>
          <isin value="US81617J3014"/>
          <ticker value="WTTR"/>
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        <balance>322693.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6447406.14000000</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>MDU RESOURCES GROUP INC</name>
        <lei>549300MA0UV6AI6SNV27</lei>
        <title>MDU RESOURCES GROUP INC COM</title>
        <cusip>552690109</cusip>
        <identifiers>
          <isin value="US5526901096"/>
          <ticker value="MDU"/>
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        <balance>459391.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>9743683.11000000</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>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>114646.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1835482.46000000</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>MARCUS &amp; MILLICHAP INC</name>
        <lei>549300B2HE8ULXNB1N48</lei>
        <title>MARCUS &amp; MILLICHAP INC COM</title>
        <cusip>566324109</cusip>
        <identifiers>
          <isin value="US5663241090"/>
          <ticker value="MMI"/>
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        <balance>32597.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1016048.49000000</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>PAPA JOHN'S INTERNATIONAL INC</name>
        <lei>HZYLD3DK5XOX0WBVNB56</lei>
        <title>PAPA JOHN'S INTERNATIONAL INC COM</title>
        <cusip>698813102</cusip>
        <identifiers>
          <isin value="US6988131024"/>
          <ticker value="PZZA"/>
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        <balance>133312.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4901882.24000000</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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          <loanByFundCondition isLoanByFund="Y" loanVal="4198104.44000000"/>
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      <invstOrSec>
        <name>DESIGNER BRANDS INC</name>
        <lei>549300X8J6FI8PPRK859</lei>
        <title>DESIGNER BRANDS INC CL A</title>
        <cusip>250565108</cusip>
        <identifiers>
          <isin value="US2505651081"/>
          <ticker value="DBI"/>
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        <balance>209046.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1218738.18000000</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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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>IRIDIUM COMMUNICATIONS INC</name>
        <lei>549300U620NVQ4J1CT96</lei>
        <title>IRIDIUM COMMUNICATIONS INC COM</title>
        <cusip>46269C102</cusip>
        <identifiers>
          <isin value="US46269C1027"/>
          <ticker value="IRDM"/>
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        <balance>346948.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>19030097.80000000</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>POLARIS INC</name>
        <lei>549300QJSN8UVWN1EI78</lei>
        <title>POLARIS INC COM</title>
        <cusip>731068102</cusip>
        <identifiers>
          <isin value="US7310681025"/>
          <ticker value="PII"/>
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        <balance>178002.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>12182456.88000000</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>WATERSTONE FINANCIAL INC</name>
        <lei>5493002KM21XRC2DCQ02</lei>
        <title>WATERSTONE FINANCIAL INC COM</title>
        <cusip>94188P101</cusip>
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          <isin value="US94188P1012"/>
          <ticker value="WSBF"/>
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        <balance>14586.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>302367.78000000</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>TIPTREE INC</name>
        <lei>254900EH52HA4YXENT37</lei>
        <title>TIPTREE INC COM</title>
        <cusip>88822Q103</cusip>
        <identifiers>
          <isin value="US88822Q1031"/>
          <ticker value="TIPT"/>
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        <balance>32795.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>587686.40000000</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>DIAMONDROCK HOSPITALITY COMPANY</name>
        <lei>529900KKD4BPVBUAQ734</lei>
        <title>DIAMONDROCK HOSPITALITY COMPANY COM</title>
        <cusip>252784301</cusip>
        <identifiers>
          <isin value="US2527843013"/>
          <ticker value="DRH"/>
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        <balance>174539.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2125885.02000000</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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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>LTC PROPERTIES INC</name>
        <lei>549300NRZP8IJG2KY677</lei>
        <title>LTC PROPERTIES INC COM</title>
        <cusip>502175102</cusip>
        <identifiers>
          <isin value="US5021751020"/>
          <ticker value="LTC"/>
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        <balance>43200.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1661040.00000000</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>WHITESTONE REIT</name>
        <lei>N/A</lei>
        <title>WHITESTONE REIT COM</title>
        <cusip>966084204</cusip>
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          <isin value="US9660842041"/>
          <ticker value="WSR"/>
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        <balance>50565.00000000</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>CITY HOLDING COMPANY</name>
        <lei>N/A</lei>
        <title>CITY HOLDING COMPANY COM</title>
        <cusip>177835105</cusip>
        <identifiers>
          <isin value="US1778351056"/>
          <ticker value="CHCO"/>
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        <balance>23497.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3116642.08000000</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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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>EASTERN BANKSHARES INC</name>
        <lei>549300J245MBQU3DO403</lei>
        <title>EASTERN BANKSHARES INC COM</title>
        <cusip>27627N105</cusip>
        <identifiers>
          <isin value="US27627N1054"/>
          <ticker value="EBC"/>
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        <balance>396196.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>8811399.04000000</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>
      <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>107915.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1257209.75000000</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>
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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>20741.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3430353.99000000</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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        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MGE ENERGY INC</name>
        <lei>549300BYWGHSXX2TEO67</lei>
        <title>MGE ENERGY INC COM</title>
        <cusip>55277P104</cusip>
        <identifiers>
          <isin value="US55277P1049"/>
          <ticker value="MGEE"/>
        </identifiers>
        <balance>81878.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6676332.12000000</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>XENIA HOTELS &amp; RESORTS INC</name>
        <lei>54930075IWIPHF5IQL62</lei>
        <title>XENIA HOTELS &amp; RESORTS INC COM</title>
        <cusip>984017103</cusip>
        <identifiers>
          <isin value="US9840171030"/>
          <ticker value="XHR"/>
        </identifiers>
        <balance>79163.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1611758.68000000</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>
      <invstOrSec>
        <name>ACCO BRANDS CORP</name>
        <lei>JCT8P4Y190IH4I1NX328</lei>
        <title>ACCO BRANDS CORP COM</title>
        <cusip>00081T108</cusip>
        <identifiers>
          <isin value="US00081T1088"/>
          <ticker value="ACCO"/>
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        <balance>466000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1938560.00000000</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>
      <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>67216.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3427343.84000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WEYCO GROUP INC</name>
        <lei>549300I10J38MHJELM87</lei>
        <title>WEYCO GROUP INC COM</title>
        <cusip>962149100</cusip>
        <identifiers>
          <isin value="US9621491003"/>
          <ticker value="WEYS"/>
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        <balance>44711.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1758483.63000000</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>BYLINE BANCORP INC</name>
        <lei>549300W7ODP4YL2H4823</lei>
        <title>BYLINE BANCORP INC COM</title>
        <cusip>124411109</cusip>
        <identifiers>
          <isin value="US1244111092"/>
          <ticker value="BY"/>
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        <balance>41962.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1580288.92000000</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>METROCITY BANKSHARES INC</name>
        <lei>549300TC6QB7YG0P6F52</lei>
        <title>METROCITY BANKSHARES INC COM</title>
        <cusip>59165J105</cusip>
        <identifiers>
          <isin value="US59165J1051"/>
          <ticker value="MCBS"/>
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        <balance>36522.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1310774.58000000</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>
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      <invstOrSec>
        <name>MID PENN BANCORP INC</name>
        <lei>N/A</lei>
        <title>MID PENN BANCORP INC COM</title>
        <cusip>59540G107</cusip>
        <identifiers>
          <isin value="US59540G1076"/>
          <ticker value="MPB"/>
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        <balance>21907.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>763239.88000000</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>7108.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>269748.60000000</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>VALHI INC</name>
        <lei>N/A</lei>
        <title>VALHI INC COM</title>
        <cusip>918905209</cusip>
        <identifiers>
          <isin value="US9189052098"/>
          <ticker value="VHI"/>
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        <balance>42117.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>617856.39000000</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>CRAWFORD &amp; COMPANY</name>
        <lei>7TZZFJ2GPOGLWIKIXY82</lei>
        <title>CRAWFORD &amp; COMPANY CL A</title>
        <cusip>224633206</cusip>
        <identifiers>
          <isin value="US2246332066"/>
          <ticker value="CRD/A"/>
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        <balance>18808.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>211966.16000000</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>MIDDLESEX WATER COMPANY</name>
        <lei>N/A</lei>
        <title>MIDDLESEX WATER COMPANY COM</title>
        <cusip>596680108</cusip>
        <identifiers>
          <isin value="US5966801087"/>
          <ticker value="MSEX"/>
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        <balance>66376.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3727676.16000000</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>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>302165.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3230143.85000000</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>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>40233.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2339951.28000000</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>ACADIA REALTY TRUST</name>
        <lei>254900C5XLB1YYJQSH07</lei>
        <title>ACADIA REALTY TRUST COM SH BEN INT</title>
        <cusip>004239109</cusip>
        <identifiers>
          <isin value="US0042391096"/>
          <ticker value="AKR"/>
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        <balance>116957.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2445570.87000000</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>DIVERSIFIED ENERGY COMPANY</name>
        <lei>529900XTQ3OKXR6P0H74</lei>
        <title>DIVERSIFIED ENERGY COMPANY COMMON STOCK</title>
        <cusip>25520W107</cusip>
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          <isin value="US25520W1071"/>
          <ticker value="DEC"/>
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        <balance>403965.00000000</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>LIBERTY ENERGY INC</name>
        <lei>N/A</lei>
        <title>LIBERTY ENERGY INC COM CL A</title>
        <cusip>53115L104</cusip>
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          <isin value="US53115L1044"/>
          <ticker value="LBRT"/>
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        <balance>290147.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7598949.93000000</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>PARK AEROSPACE CORP</name>
        <lei>5299004AG0G7IB636095</lei>
        <title>PARK AEROSPACE CORP COM</title>
        <cusip>70014A104</cusip>
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          <isin value="US70014A1043"/>
          <ticker value="PKE"/>
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        <balance>102182.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3899265.12000000</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>AMALGAMATED FINANCIAL CORP</name>
        <lei>N/A</lei>
        <title>AMALGAMATED FINANCIAL CORP COM</title>
        <cusip>022671101</cusip>
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          <isin value="US0226711010"/>
          <ticker value="AMAL"/>
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        <balance>29356.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1347440.40000000</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>WisdomTree Trust</name>
        <lei>549300SEVJBU47TE8855</lei>
        <title>WisdomTree U.S. Midcap Dividend Fund</title>
        <cusip>97717W505</cusip>
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          <isin value="US97717W5058"/>
          <ticker value="DON"/>
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        <balance>1231.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>69576.12000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NATURAL GROCERS BY VITAMIN COTTAGE INC</name>
        <lei>529900P4OTXDGBUS3O87</lei>
        <title>NATURAL GROCERS BY VITAMIN COTTAGE INC COM</title>
        <cusip>63888U108</cusip>
        <identifiers>
          <isin value="US63888U1088"/>
          <ticker value="NGVC"/>
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        <balance>93725.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2907349.50000000</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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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ACNB CORP</name>
        <lei>N/A</lei>
        <title>ACNB CORP COM</title>
        <cusip>000868109</cusip>
        <identifiers>
          <isin value="US0008681092"/>
          <ticker value="ACNB"/>
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        <balance>8680.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>515418.40000000</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>GRIFFON CORP</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>HELMERICH &amp; PAYNE INC</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CLARUS CORP</name>
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          <isin value="US18270P1093"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FEDERAL AGRICULTURAL MORTGAGE CORP</name>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CASS INFORMATION SYSTEMS INC</name>
        <lei>549300G7XPIPR7SJ2F38</lei>
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          <isin value="US14808P1093"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UNIVERSAL HEALTH REALTY INCOME TRUST</name>
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        <title>UNIVERSAL HEALTH REALTY INCOME TRUST SH BEN INT</title>
        <cusip>91359E105</cusip>
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          <isin value="US91359E1055"/>
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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>VIRTU FINANCIAL INC</name>
        <lei>5493001OPW2K42CH3884</lei>
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        <cusip>928254101</cusip>
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          <isin value="US9282541013"/>
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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>MERCANTILE BANK CORP</name>
        <lei>P16VZZCKTJ5IONL6XE37</lei>
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          <isin value="US5873761044"/>
          <ticker value="MBWM"/>
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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>J. JILL INC</name>
        <lei>529900I19PJIF8MIDL12</lei>
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        <cusip>46620W201</cusip>
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          <isin value="US46620W2017"/>
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        <balance>50883.00000000</balance>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>MECHANICS BANCORP</name>
        <lei>N/A</lei>
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        <cusip>43785V102</cusip>
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          <isin value="US43785V1026"/>
          <ticker value="MCHB"/>
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        <balance>787235.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>POSTAL REALTY TRUST INC</name>
        <lei>5493007B7ZZSIJRGWC41</lei>
        <title>POSTAL REALTY TRUST INC CL A</title>
        <cusip>73757R102</cusip>
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          <isin value="US73757R1023"/>
          <ticker value="PSTL"/>
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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>COVENANT LOGISTICS GROUP INC</name>
        <lei>N/A</lei>
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        <cusip>22284P105</cusip>
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          <isin value="US22284P1057"/>
          <ticker value="CVLG"/>
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        <balance>90294.00000000</balance>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>BANCFIRST CORP</name>
        <lei>549300EJEHGBP4IO2J30</lei>
        <title>BANCFIRST CORP COM</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>TWIN DISC INC</name>
        <lei>549300FR8EHCY14BLP32</lei>
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        <cusip>901476101</cusip>
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          <isin value="US9014761012"/>
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        <balance>73039.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>NU SKIN ENTERPRISES INC</name>
        <lei>54930050DETB6CP71D38</lei>
        <title>NU SKIN ENTERPRISES INC CL A</title>
        <cusip>67018T105</cusip>
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          <ticker value="NUS"/>
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        <fairValLevel>1</fairValLevel>
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        <name>MATIV HOLDINGS INC</name>
        <lei>549300Z1FU4IDULG1R21</lei>
        <title>MATIV HOLDINGS INC COM</title>
        <cusip>808541106</cusip>
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          <isin value="US8085411069"/>
          <ticker value="MATV"/>
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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>INVESTAR HOLDING CORP</name>
        <lei>54930001EK2YM28LOJ08</lei>
        <title>INVESTAR HOLDING CORP COM</title>
        <cusip>46134L105</cusip>
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          <ticker value="ISTR"/>
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        <fairValLevel>1</fairValLevel>
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        <name>BANK OF MARIN BANCORP</name>
        <lei>N/A</lei>
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        <cusip>063425102</cusip>
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          <ticker value="BMRC"/>
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        <balance>18075.00000000</balance>
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        <name>SIERRA BANCORP</name>
        <lei>N/A</lei>
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          <ticker value="BSRR"/>
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        <name>VIRTUS INVESTMENT PARTNERS INC</name>
        <lei>549300HWF93HB8BDM648</lei>
        <title>VIRTUS INVESTMENT PARTNERS INC COM</title>
        <cusip>92828Q109</cusip>
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          <ticker value="VRTS"/>
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        <fairValLevel>1</fairValLevel>
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        <name>ALERUS FINANCIAL CORP</name>
        <lei>5493008BXLBPPELQ3G57</lei>
        <title>ALERUS FINANCIAL CORP COM</title>
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          <ticker value="ALRS"/>
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        <fairValLevel>1</fairValLevel>
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        <name>1ST SOURCE CORP</name>
        <lei>N/A</lei>
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          <ticker value="SRCE"/>
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        <fairValLevel>1</fairValLevel>
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        <name>CALIFORNIA WATER SERVICE GROUP</name>
        <lei>529900QABDOBU6UVRQ36</lei>
        <title>CALIFORNIA WATER SERVICE GROUP COM</title>
        <cusip>130788102</cusip>
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          <ticker value="CWT"/>
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        <balance>146898.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>NORTHWEST BANCSHARES INC</name>
        <lei>N/A</lei>
        <title>NORTHWEST BANCSHARES INC COM</title>
        <cusip>667340103</cusip>
        <identifiers>
          <isin value="US6673401039"/>
          <ticker value="NWBI"/>
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        <balance>561758.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8516251.28000000</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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          <loanByFundCondition isLoanByFund="Y" loanVal="329805.80000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KODIAK GAS SERVICES INC</name>
        <lei>N/A</lei>
        <title>KODIAK GAS SERVICES INC COM</title>
        <cusip>50012A108</cusip>
        <identifiers>
          <isin value="US50012A1088"/>
          <ticker value="KGS"/>
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        <balance>343634.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>25817222.42000000</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>NAPCO SECURITY TECHNOLOGIES INC</name>
        <lei>529900KV21J4YY9YST76</lei>
        <title>NAPCO SECURITY TECHNOLOGIES INC COM</title>
        <cusip>630402105</cusip>
        <identifiers>
          <isin value="US6304021057"/>
          <ticker value="NSSC"/>
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        <balance>90655.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3443076.90000000</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>FIRST COMMONWEALTH FINANCIAL CORP</name>
        <lei>549300ZHLQ42NXDETL24</lei>
        <title>FIRST COMMONWEALTH FINANCIAL CORP COM</title>
        <cusip>319829107</cusip>
        <identifiers>
          <isin value="US3198291078"/>
          <ticker value="FCF"/>
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        <balance>176656.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3591416.48000000</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>PC CONNECTION INC</name>
        <lei>5299005WPRNIXDV2KM73</lei>
        <title>PC CONNECTION INC COM</title>
        <cusip>69318J100</cusip>
        <identifiers>
          <isin value="US69318J1007"/>
          <ticker value="CNXN"/>
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        <balance>44817.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3271192.83000000</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>LAKELAND INDUSTRIES INC</name>
        <lei>549300HGP70IM9WKU164</lei>
        <title>LAKELAND INDUSTRIES INC COM</title>
        <cusip>511795106</cusip>
        <identifiers>
          <isin value="US5117951062"/>
          <ticker value="LAKE"/>
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        <balance>50948.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>544634.12000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>INTERPARFUMS INC</name>
        <lei>N/A</lei>
        <title>INTERPARFUMS INC COM</title>
        <cusip>458334109</cusip>
        <identifiers>
          <isin value="US4583341098"/>
          <ticker value="IPAR"/>
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        <balance>105034.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>11749103.24000000</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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          <loanByFundCondition isLoanByFund="Y" loanVal="11523817.20000000"/>
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      <invstOrSec>
        <name>NORTHFIELD BANCORP INC (NEW)</name>
        <lei>N/A</lei>
        <title>NORTHFIELD BANCORP INC (NEW) COM</title>
        <cusip>66611T108</cusip>
        <identifiers>
          <isin value="US66611T1088"/>
          <ticker value="NFBK"/>
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        <balance>59463.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>875889.99000000</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>DIVERSIFIED HEALTHCARE TRUST</name>
        <lei>N/A</lei>
        <title>DIVERSIFIED HEALTHCARE TRUST COM SH BEN INT</title>
        <cusip>25525P107</cusip>
        <identifiers>
          <isin value="US25525P1075"/>
          <ticker value="DHC"/>
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        <balance>210186.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1954729.80000000</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>FULTON FINANCIAL CORP</name>
        <lei>5493005QLZ6O1BNC0C11</lei>
        <title>FULTON FINANCIAL CORP COM</title>
        <cusip>360271100</cusip>
        <identifiers>
          <isin value="US3602711000"/>
          <ticker value="FULT"/>
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        <balance>417359.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>10095914.21000000</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>SELECT MEDICAL HOLDINGS CORP</name>
        <lei>N/A</lei>
        <title>SELECT MEDICAL HOLDINGS CORP COM</title>
        <cusip>81619Q105</cusip>
        <identifiers>
          <isin value="US81619Q1058"/>
          <ticker value="SEM"/>
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        <balance>248687.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4105822.37000000</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>WOLVERINE WORLD WIDE INC</name>
        <lei>549300OVC7PK14LQ8D87</lei>
        <title>WOLVERINE WORLD WIDE INC COM</title>
        <cusip>978097103</cusip>
        <identifiers>
          <isin value="US9780971035"/>
          <ticker value="WWW"/>
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        <balance>218612.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3613656.36000000</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>SCHOLASTIC CORP</name>
        <lei>N/A</lei>
        <title>SCHOLASTIC CORP COM</title>
        <cusip>807066105</cusip>
        <identifiers>
          <isin value="US8070661058"/>
          <ticker value="SCHL"/>
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        <balance>100433.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4619918.00000000</valUSD>
        <pctVal>0.211367349680</pctVal>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <loanByFundCondition isLoanByFund="Y" loanVal="4619918.00000000"/>
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      <invstOrSec>
        <name>ENNIS INC</name>
        <lei>N/A</lei>
        <title>ENNIS INC COM</title>
        <cusip>293389102</cusip>
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          <isin value="US2933891028"/>
          <ticker value="EBF"/>
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        <balance>143682.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3053242.50000000</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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      <invstOrSec>
        <name>DREY INST PREF GOV MM-M</name>
        <lei>N/A</lei>
        <title>DREY INST PREF GOV MM-M</title>
        <cusip>000000000</cusip>
        <identifiers>
          <ticker value="DSVXX"/>
          <other otherDesc="INTERNAL" value="BYM4CH2D2"/>
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        <balance>21034726.78000000</balance>
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        <curCd>USD</curCd>
        <valUSD>21034726.78000000</valUSD>
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        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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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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          <isin value="US90355N1019"/>
          <ticker value="USCB"/>
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        <balance>12717.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>260189.82000000</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>OMEGA FLEX INC</name>
        <lei>254900V3UM4PIXLDNU54</lei>
        <title>OMEGA FLEX INC COM</title>
        <cusip>682095104</cusip>
        <identifiers>
          <isin value="US6820951043"/>
          <ticker value="OFLX"/>
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        <balance>29748.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>933789.72000000</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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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PITNEY BOWES INC</name>
        <lei>549300N2O26NW4ST6W55</lei>
        <title>PITNEY BOWES INC COM</title>
        <cusip>724479100</cusip>
        <identifiers>
          <isin value="US7244791007"/>
          <ticker value="PBI"/>
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        <balance>587834.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>10298851.68000000</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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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MOVADO GROUP INC</name>
        <lei>549300WCGCGPWGHVXM59</lei>
        <title>MOVADO GROUP INC COM</title>
        <cusip>624580106</cusip>
        <identifiers>
          <isin value="US6245801062"/>
          <ticker value="MOV"/>
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        <balance>83915.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3298698.65000000</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>NB BANCORP INC</name>
        <lei>N/A</lei>
        <title>NB BANCORP INC COM</title>
        <cusip>63945M107</cusip>
        <identifiers>
          <isin value="US63945M1071"/>
          <ticker value="NBBK"/>
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        <balance>40143.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>848221.59000000</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>F&amp;G ANNUITIES &amp; LIFE INC</name>
        <lei>N/A</lei>
        <title>F&amp;G ANNUITIES &amp; LIFE INC COMMON STOCK</title>
        <cusip>30190A104</cusip>
        <identifiers>
          <isin value="US30190A1043"/>
          <ticker value="FG"/>
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        <balance>245741.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6534253.19000000</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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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CHOICE HOTELS INTERNATIONAL INC</name>
        <lei>5493003CYRY5RFGTIR97</lei>
        <title>CHOICE HOTELS INTERNATIONAL INC COM</title>
        <cusip>169905106</cusip>
        <identifiers>
          <isin value="US1699051066"/>
          <ticker value="CHH"/>
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        <balance>56680.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6250103.60000000</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>LA-Z-BOY INC</name>
        <lei>549300WNO1WMN9ZG2519</lei>
        <title>LA-Z-BOY INC COM</title>
        <cusip>505336107</cusip>
        <identifiers>
          <isin value="US5053361078"/>
          <ticker value="LZB"/>
        </identifiers>
        <balance>110440.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4430852.80000000</valUSD>
        <pctVal>0.202717367096</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>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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        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <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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        <balance>78610.00000000</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>
      <invstOrSec>
        <name>GOLD.COM INC</name>
        <lei>XP6XYFDZQGKLUMOFGT37</lei>
        <title>GOLD.COM INC COM</title>
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          <isin value="US00181T1079"/>
          <ticker value="GOLD"/>
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        <balance>93877.00000000</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>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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        <balance>12365.00000000</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>GORMAN RUPP COMPANY (THE)</name>
        <lei>254900WVLPOIWPGJPA07</lei>
        <title>GORMAN RUPP COMPANY (THE) COM</title>
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        <identifiers>
          <isin value="US3830821043"/>
          <ticker value="GRC"/>
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        <balance>80389.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7374886.86000000</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>QCR HOLDINGS INC</name>
        <lei>549300MWKWM7KWJVQO33</lei>
        <title>QCR HOLDINGS INC COM</title>
        <cusip>74727A104</cusip>
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          <isin value="US74727A1043"/>
          <ticker value="QCRH"/>
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        <balance>15155.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1475339.25000000</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>W &amp; T OFFSHORE INC</name>
        <lei>549300Q7EOY2YIO3YK85</lei>
        <title>W &amp; T OFFSHORE INC COM</title>
        <cusip>92922P106</cusip>
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          <isin value="US92922P1066"/>
          <ticker value="WTI"/>
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        <balance>778857.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2453399.55000000</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>CAMDEN NATIONAL CORP</name>
        <lei>549300ZVEDL2L8UW4F28</lei>
        <title>CAMDEN NATIONAL CORP COM</title>
        <cusip>133034108</cusip>
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          <isin value="US1330341082"/>
          <ticker value="CAC"/>
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        <balance>22950.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1244349.00000000</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>JBG SMITH PROPERTIES LP</name>
        <lei>549300HHIW6GDQCPEC54</lei>
        <title>JBG SMITH PROPERTIES LP COM</title>
        <cusip>46590V100</cusip>
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          <isin value="US46590V1008"/>
          <ticker value="JBGS"/>
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        <balance>56300.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>825921.00000000</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>EASTERN COMPANY (THE)</name>
        <lei>5493005F8SU7UCM5D285</lei>
        <title>EASTERN COMPANY (THE) COM</title>
        <cusip>276317104</cusip>
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          <isin value="US2763171046"/>
          <ticker value="EML"/>
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        <balance>32800.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>913480.00000000</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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          <loanByFundCondition isLoanByFund="Y" loanVal="371658.25000000"/>
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      <invstOrSec>
        <name>BANKUNITED INC</name>
        <lei>96OVUWEW5D4YX6PFXD91</lei>
        <title>BANKUNITED INC COM</title>
        <cusip>06652K103</cusip>
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          <isin value="US06652K1034"/>
          <ticker value="BKU"/>
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        <balance>121699.00000000</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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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CTO REALTY GROWTH INC</name>
        <lei>254900ZQ99OFO1WXS678</lei>
        <title>CTO REALTY GROWTH INC COM</title>
        <cusip>22948Q101</cusip>
        <identifiers>
          <isin value="US22948Q1013"/>
          <ticker value="CTO"/>
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        <balance>29943.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>644073.93000000</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>RED ROCK RESORTS INC</name>
        <lei>N/A</lei>
        <title>RED ROCK RESORTS INC CL A</title>
        <cusip>75700L108</cusip>
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          <isin value="US75700L1089"/>
          <ticker value="RRR"/>
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        <balance>136606.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>8887586.36000000</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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      <invstOrSec>
        <name>CONCENTRA GROUP HOLDINGS PARENT INC</name>
        <lei>N/A</lei>
        <title>CONCENTRA GROUP HOLDINGS PARENT INC COMMON STOCK</title>
        <cusip>20603L102</cusip>
        <identifiers>
          <isin value="US20603L1026"/>
          <ticker value="CON"/>
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        <balance>197424.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5873364.00000000</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>HANMI FINANCIAL CORP</name>
        <lei>549300MSZ7RCG7EA6587</lei>
        <title>HANMI FINANCIAL CORP COM NEW</title>
        <cusip>410495204</cusip>
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          <isin value="US4104952043"/>
          <ticker value="HAFC"/>
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        <balance>48934.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1585461.60000000</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>TOMPKINS FINANCIAL CORP</name>
        <lei>254900QDQ6V0QJ0Z2348</lei>
        <title>TOMPKINS FINANCIAL CORP COM</title>
        <cusip>890110109</cusip>
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          <isin value="US8901101092"/>
          <ticker value="TMP"/>
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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>CHEESECAKE FACTORY INC (THE)</name>
        <lei>529900872XMLK10SY247</lei>
        <title>CHEESECAKE FACTORY INC (THE) COM</title>
        <cusip>163072101</cusip>
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          <isin value="US1630721017"/>
          <ticker value="CAKE"/>
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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>HAVERTY FURNITURE COMPANIES INC</name>
        <lei>529900CVFMMIRXZVPD70</lei>
        <title>HAVERTY FURNITURE COMPANIES INC COM</title>
        <cusip>419596101</cusip>
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          <isin value="US4195961010"/>
          <ticker value="HVT"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>BURKE &amp; HERBERT FINANCIAL SERVICES CORP</name>
        <lei>N/A</lei>
        <title>BURKE &amp; HERBERT FINANCIAL SERVICES CORP COM</title>
        <cusip>12135Y108</cusip>
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          <isin value="US12135Y1082"/>
          <ticker value="BHRB"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SAFETY INSURANCE GROUP INC</name>
        <lei>254900LDCFLA3J746840</lei>
        <title>SAFETY INSURANCE GROUP INC COM</title>
        <cusip>78648T100</cusip>
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          <isin value="US78648T1007"/>
          <ticker value="SAFT"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>ARCBEST CORP</name>
        <lei>5493006S3KBNE8ZS3J23</lei>
        <title>ARCBEST CORP COM</title>
        <cusip>03937C105</cusip>
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          <isin value="US03937C1053"/>
          <ticker value="ARCB"/>
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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>PREFERRED BANK (CALIFORNIA)</name>
        <lei>5493007K6HGI9G0ECX16</lei>
        <title>PREFERRED BANK (CALIFORNIA) COM NEW</title>
        <cusip>740367404</cusip>
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          <isin value="US7403674044"/>
          <ticker value="PFBC"/>
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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>KARAT PACKAGING INC</name>
        <lei>549300JYUKCQP3P8D632</lei>
        <title>KARAT PACKAGING INC COM</title>
        <cusip>48563L101</cusip>
        <identifiers>
          <isin value="US48563L1017"/>
          <ticker value="KRT"/>
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        <balance>106462.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3562218.52000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TRUSTCO BANK CORP NY</name>
        <lei>N/A</lei>
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        <cusip>898349204</cusip>
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          <isin value="US8983492047"/>
          <ticker value="TRST"/>
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        <balance>27135.00000000</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>MONRO INC</name>
        <lei>N/A</lei>
        <title>MONRO INC COM</title>
        <cusip>610236101</cusip>
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          <isin value="US6102361010"/>
          <ticker value="MNRO"/>
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        <balance>153668.00000000</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>KEARNY FINANCIAL CORP</name>
        <lei>N/A</lei>
        <title>KEARNY FINANCIAL CORP COM</title>
        <cusip>48716P108</cusip>
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          <isin value="US48716P1084"/>
          <ticker value="KRNY"/>
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        <balance>138176.00000000</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>RENASANT CORP</name>
        <lei>549300OVE6OZHW2UUH81</lei>
        <title>RENASANT CORP COM</title>
        <cusip>75970E107</cusip>
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          <isin value="US75970E1073"/>
          <ticker value="RNST"/>
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        <balance>136798.00000000</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>WAFD INC</name>
        <lei>N/A</lei>
        <title>WAFD INC COM</title>
        <cusip>938824109</cusip>
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          <isin value="US9388241096"/>
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        <balance>149288.00000000</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>CAPITAL BANCORP INC (MARYLAND)</name>
        <lei>549300LQKYGWQ7VP0C75</lei>
        <title>CAPITAL BANCORP INC (MARYLAND) COM</title>
        <cusip>139737100</cusip>
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          <isin value="US1397371006"/>
          <ticker value="CBNK"/>
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        <balance>13559.00000000</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>BANK7 CORP</name>
        <lei>N/A</lei>
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        <cusip>06652N107</cusip>
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          <isin value="US06652N1072"/>
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        <balance>11921.00000000</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>JOHNSON OUTDOORS INC</name>
        <lei>N/A</lei>
        <title>JOHNSON OUTDOORS INC CL A</title>
        <cusip>479167108</cusip>
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          <isin value="US4791671088"/>
          <ticker value="JOUT"/>
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        <balance>48848.00000000</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>HERITAGE FINANCIAL CORP</name>
        <lei>N/A</lei>
        <title>HERITAGE FINANCIAL CORP COM</title>
        <cusip>42722X106</cusip>
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          <isin value="US42722X1063"/>
          <ticker value="HFWA"/>
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        <balance>55101.00000000</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>PARK-OHIO HOLDINGS CORP</name>
        <lei>N/A</lei>
        <title>PARK-OHIO HOLDINGS CORP COM</title>
        <cusip>700666100</cusip>
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          <isin value="US7006661000"/>
          <ticker value="PKOH"/>
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        <balance>74298.00000000</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>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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        <balance>53837.00000000</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>SMARTFINANCIAL INC</name>
        <lei>N/A</lei>
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        <cusip>83190L208</cusip>
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          <isin value="US83190L2088"/>
          <ticker value="SMBK"/>
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        <balance>18885.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>COLUMBUS MCKINNON CORP</name>
        <lei>549300W3HQB0HO1F3G69</lei>
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          <isin value="US1993331057"/>
          <ticker value="CMCO"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>MIDLAND STATES BANCORP INC</name>
        <lei>5493006RHXW9TTBWYC94</lei>
        <title>MIDLAND STATES BANCORP INC COM</title>
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          <isin value="US5977421057"/>
          <ticker value="MSBI"/>
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        <balance>53327.00000000</balance>
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        <fairValLevel>1</fairValLevel>
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        <name>NETSTREIT CORP</name>
        <lei>254900CJL0EDMEQ25Q84</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>FLOWCO HOLDINGS INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>AVISTA CORP</name>
        <lei>Q0IK63NITJD6RJ47SW96</lei>
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          <ticker value="AVA"/>
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        <name>ALEXANDER'S INC</name>
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          <ticker value="ALX"/>
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        <fairValLevel>1</fairValLevel>
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        <name>NORTHEAST COMMUNITY BANCORP INC (MD)</name>
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        <fairValLevel>1</fairValLevel>
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        <name>WisdomTree Treasury Money Market Digital Fund</name>
        <lei>N/A</lei>
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          <ticker value="WTGXX"/>
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        <name>LXP INDUSTRIAL TRUST</name>
        <lei>549300S4MH2ICXDBFV43</lei>
        <title>LXP INDUSTRIAL TRUST COM</title>
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          <isin value="US5290434084"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>DELUXE CORP</name>
        <lei>KWGNKB8TX9LE5TV29231</lei>
        <title>DELUXE CORP COM</title>
        <cusip>248019101</cusip>
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          <ticker value="DLX"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>NATIONAL HEALTH INVESTORS INC</name>
        <lei>549300ZPKZIG6DKDEC02</lei>
        <title>NATIONAL HEALTH INVESTORS INC COM</title>
        <cusip>63633D104</cusip>
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          <ticker value="NHI"/>
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        <balance>134350.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10245531.00000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>INVENTRUST PROPERTIES CORP</name>
        <lei>5493006BQYSOBYVUFA03</lei>
        <title>INVENTRUST PROPERTIES CORP COM NEW</title>
        <cusip>46124J201</cusip>
        <identifiers>
          <isin value="US46124J2015"/>
          <ticker value="IVT"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SONOCO PRODUCTS COMPANY</name>
        <lei>GKOMIK4RDJGHEF0VNP11</lei>
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          <isin value="US8354951027"/>
          <ticker value="SON"/>
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        <curCd>USD</curCd>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ARTESIAN RESOURCES CORP</name>
        <lei>N/A</lei>
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          <isin value="US0431132085"/>
          <ticker value="ARTNA"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>JAMES RIVER GROUP HOLDINGS INC</name>
        <lei>N/A</lei>
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          <isin value="US46990A1025"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SENSIENT TECHNOLOGIES CORP</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CNB FINANCIAL CORP (PENNSYLVANIA)</name>
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          <isin value="US1261281075"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>NEWMARK GROUP INC</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>AMERICAN EAGLE OUTFITTERS INC</name>
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          <isin value="US02553E1064"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>KEMPER CORP</name>
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        <fairValLevel>1</fairValLevel>
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        <name>OLD SECOND BANCORP INC</name>
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          <isin value="US6802771005"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SHUTTERSTOCK INC</name>
        <lei>529900G2TDIS56V0LO22</lei>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>CIVISTA BANCSHARES INC</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ETHAN ALLEN INTERIORS INC</name>
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        <name>WENDY'S COMPANY (THE)</name>
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        <name>SUMMIT HOTEL PROPERTIES INC</name>
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        <name>VICTORY CAPITAL HOLDINGS INC</name>
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        <name>FIRST FINANCIAL BANKSHARES INC (TEXAS)</name>
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        <name>FIRST BANCORP INC (MAINE)</name>
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        <name>STANDEX INTERNATIONAL CORP</name>
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        <name>BARRETT BUSINESS SERVICES INC</name>
        <lei>529900HXB6TMG0SR9Y34</lei>
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        <name>KORN FERRY</name>
        <lei>549300FOD20OM0GT5G40</lei>
        <title>KORN FERRY COM NEW</title>
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        <name>BANK OF HAWAII CORP</name>
        <lei>5493006Q8BQ8AD8M2U33</lei>
        <title>BANK OF HAWAII CORP COM</title>
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        <name>INGLES MARKETS INC</name>
        <lei>549300XH5RYBMYP8TF26</lei>
        <title>INGLES MARKETS INC CL A</title>
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        <fairValLevel>1</fairValLevel>
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        <name>CRA INTERNATIONAL INC</name>
        <lei>N/A</lei>
        <title>CRA INTERNATIONAL INC COM</title>
        <cusip>12618T105</cusip>
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        <balance>13874.00000000</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>
      <invstOrSec>
        <name>AMERICAN ASSETS TRUST INC</name>
        <lei>N/A</lei>
        <title>AMERICAN ASSETS TRUST INC COM</title>
        <cusip>024013104</cusip>
        <identifiers>
          <isin value="US0240131047"/>
          <ticker value="AAT"/>
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        <balance>58439.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>ALLIENT INC</name>
        <lei>549300I2LHAWYGNBPM97</lei>
        <title>ALLIENT INC COM</title>
        <cusip>019330109</cusip>
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          <isin value="US0193301092"/>
          <ticker value="ALNT"/>
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        <balance>34288.00000000</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>
      <invstOrSec>
        <name>NATURAL GAS SERVICES GROUP INC</name>
        <lei>N/A</lei>
        <title>NATURAL GAS SERVICES GROUP INC COM</title>
        <cusip>63886Q109</cusip>
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          <isin value="US63886Q1094"/>
          <ticker value="NGS"/>
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        <balance>63642.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CAL-MAINE FOODS INC</name>
        <lei>549300NHE5WMIEIEMF53</lei>
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          <isin value="US1280302027"/>
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        <balance>240273.00000000</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>BENCHMARK ELECTRONICS INC</name>
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        <title>BENCHMARK ELECTRONICS INC COM</title>
        <cusip>08160H101</cusip>
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          <isin value="US08160H1014"/>
          <ticker value="BHE"/>
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        <balance>69830.00000000</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>CAPITOL FEDERAL FINANCIAL INC</name>
        <lei>N/A</lei>
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        <cusip>14057J101</cusip>
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          <isin value="US14057J1016"/>
          <ticker value="CFFN"/>
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        <balance>337443.00000000</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>NORWOOD FINANCIAL CORP</name>
        <lei>N/A</lei>
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          <isin value="US6695491075"/>
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        <balance>7117.00000000</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>BAR HARBOR BANKSHARES INC</name>
        <lei>N/A</lei>
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        <cusip>066849100</cusip>
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          <isin value="US0668491006"/>
          <ticker value="BHB"/>
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        <balance>16390.00000000</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>ACME UNITED CORP</name>
        <lei>549300NVT8NN13WP8M83</lei>
        <title>ACME UNITED CORP COM</title>
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          <isin value="US0048161048"/>
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        <balance>19587.00000000</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>INDEPENDENT BANK CORP (MASSACHUSETTS)</name>
        <lei>549300C5K3W8THR3GE10</lei>
        <title>INDEPENDENT BANK CORP (MASSACHUSETTS) COM</title>
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          <isin value="US4538361084"/>
          <ticker value="INDB"/>
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        <balance>93716.00000000</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>COHEN &amp; STEERS INC</name>
        <lei>549300XXIA338A0X2K65</lei>
        <title>COHEN &amp; STEERS INC COM</title>
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          <isin value="US19247A1007"/>
          <ticker value="CNS"/>
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        <balance>121904.00000000</balance>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HILLTOP HOLDINGS INC</name>
        <lei>54930010TA543US0PM65</lei>
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        <cusip>432748101</cusip>
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          <isin value="US4327481010"/>
          <ticker value="HTH"/>
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        <balance>65042.00000000</balance>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>INSTEEL INDUSTRIES INC</name>
        <lei>52990026LKY4MOX3L174</lei>
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          <isin value="US45774W1080"/>
          <ticker value="IIIN"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>ENERGIZER HOLDINGS INC</name>
        <lei>5493000D6NN0V57UME20</lei>
        <title>ENERGIZER HOLDINGS INC COM</title>
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          <ticker value="ENR"/>
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        <fairValLevel>1</fairValLevel>
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        <name>PERELLA WEINBERG PARTNERS</name>
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          <ticker value="PWP"/>
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        <fairValLevel>1</fairValLevel>
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        <name>MATSON INC</name>
        <lei>549300OI5H3Y0I9I4I12</lei>
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          <ticker value="MATX"/>
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        <fairValLevel>1</fairValLevel>
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        <name>JOHN B. SANFILIPPO &amp; SON INC</name>
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        <name>CABOT CORP</name>
        <lei>K05C0SER542GQ6VLRO68</lei>
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          <ticker value="CBT"/>
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        <fairValLevel>1</fairValLevel>
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        <name>SOUTH PLAINS FINANCIAL INC</name>
        <lei>549300SNEBP48642N493</lei>
        <title>SOUTH PLAINS FINANCIAL INC COM</title>
        <cusip>83946P107</cusip>
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          <ticker value="SPFI"/>
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        <fairValLevel>1</fairValLevel>
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        <name>TRUSTMARK CORP</name>
        <lei>5493000HPQ4D2RZ79739</lei>
        <title>TRUSTMARK CORP COM</title>
        <cusip>898402102</cusip>
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          <isin value="US8984021027"/>
          <ticker value="TRMK"/>
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        <fairValLevel>1</fairValLevel>
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        <name>PEOPLES BANCORP INC (OHIO)</name>
        <lei>N/A</lei>
        <title>PEOPLES BANCORP INC (OHIO) COM</title>
        <cusip>709789101</cusip>
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          <ticker value="PEBO"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>AVNET INC</name>
        <lei>XJI53DCPL7QABOWK4Z75</lei>
        <title>AVNET INC COM</title>
        <cusip>053807103</cusip>
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          <ticker value="AVT"/>
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        <balance>189628.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>DREYFUS TRSY OBLIG CASH M</name>
        <lei>N/A</lei>
        <title>DREYFUS TRSY OBLIG CASH M</title>
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        <curCd>USD</curCd>
        <valUSD>1522254.20000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>PEBBLEBROOK HOTEL TRUST</name>
        <lei>5493004Q1NNH6JXCSI52</lei>
        <title>PEBBLEBROOK HOTEL TRUST COM</title>
        <cusip>70509V100</cusip>
        <identifiers>
          <isin value="US70509V1008"/>
          <ticker value="PEB"/>
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        <balance>104669.00000000</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>PLUMAS BANCORP</name>
        <lei>549300O5TKTXYTYP4G59</lei>
        <title>PLUMAS BANCORP COM</title>
        <cusip>729273102</cusip>
        <identifiers>
          <isin value="US7292731020"/>
          <ticker value="PLBC"/>
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        <balance>6236.00000000</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>SMARTSTOP SELF STORAGE REIT INC</name>
        <lei>549300EC266625K12S42</lei>
        <title>SMARTSTOP SELF STORAGE REIT INC COMMON STOCK</title>
        <cusip>83192D402</cusip>
        <identifiers>
          <isin value="US83192D4025"/>
          <ticker value="SMA"/>
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        <balance>23547.00000000</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>TUTOR PERINI CORP</name>
        <lei>549300FHXYVPW8LJ6D98</lei>
        <title>TUTOR PERINI CORP COM</title>
        <cusip>901109108</cusip>
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          <isin value="US9011091082"/>
          <ticker value="TPC"/>
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        <balance>45587.00000000</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>ENTERPRISE FINANCIAL SERVICES CORP</name>
        <lei>5493001XTU5DLD632129</lei>
        <title>ENTERPRISE FINANCIAL SERVICES CORP COM</title>
        <cusip>293712105</cusip>
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          <isin value="US2937121059"/>
          <ticker value="EFSC"/>
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        <balance>38774.00000000</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>KOPPERS HOLDINGS INC</name>
        <lei>N/A</lei>
        <title>KOPPERS HOLDINGS INC COM</title>
        <cusip>50060P106</cusip>
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          <isin value="US50060P1066"/>
          <ticker value="KOP"/>
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        <balance>69682.00000000</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>RYERSON HOLDING CORP</name>
        <lei>549300JMA41B3ZHOVE45</lei>
        <title>RYERSON HOLDING CORP COM</title>
        <cusip>783754104</cusip>
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          <isin value="US7837541041"/>
          <ticker value="RYZ"/>
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        <balance>226810.00000000</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>CRESCENT ENERGY COMPANY</name>
        <lei>N/A</lei>
        <title>CRESCENT ENERGY COMPANY CL A COM</title>
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          <isin value="US44952J1043"/>
          <ticker value="CRGY"/>
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        <balance>1023340.00000000</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>CVB FINANCIAL CORP</name>
        <lei>N/A</lei>
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        <cusip>126600105</cusip>
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          <isin value="US1266001056"/>
          <ticker value="CVBF"/>
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        <balance>410323.00000000</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>KONTOOR BRANDS INC</name>
        <lei>549300M0CPXV65RFF271</lei>
        <title>KONTOOR BRANDS INC COM</title>
        <cusip>50050N103</cusip>
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          <isin value="US50050N1037"/>
          <ticker value="KTB"/>
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        <balance>123733.00000000</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>UNITED STATES LIME &amp; MINERALS INC</name>
        <lei>549300VGDEEG8RT7VC89</lei>
        <title>UNITED STATES LIME &amp; MINERALS INC COM</title>
        <cusip>911922102</cusip>
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          <isin value="US9119221029"/>
          <ticker value="USLM"/>
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        <balance>25023.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2619157.41000000</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>VAALCO ENERGY INC</name>
        <lei>549300CFHFVIWB8M6T24</lei>
        <title>VAALCO ENERGY INC COM NEW</title>
        <cusip>91851C201</cusip>
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          <isin value="US91851C2017"/>
          <ticker value="EGY"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>WABASH NATIONAL CORP</name>
        <lei>5299004ZAWHQZI5XO485</lei>
        <title>WABASH NATIONAL CORP COM</title>
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          <isin value="US9295661071"/>
          <ticker value="WNC"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>STEWART INFORMATION SERVICES CORP</name>
        <lei>529900TV1XI0PLKENU10</lei>
        <title>STEWART INFORMATION SERVICES CORP COM</title>
        <cusip>860372101</cusip>
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          <isin value="US8603721015"/>
          <ticker value="STC"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>MATERION CORP</name>
        <lei>549300CJ5RI351SUYT02</lei>
        <title>MATERION CORP COM</title>
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        <fairValLevel>1</fairValLevel>
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        <name>ALPINE INCOME PROPERTY TRUST INC</name>
        <lei>254900VQGUBS1J4C4N33</lei>
        <title>ALPINE INCOME PROPERTY TRUST INC COM</title>
        <cusip>02083X103</cusip>
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          <isin value="US02083X1037"/>
          <ticker value="PINE"/>
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        <fairValLevel>1</fairValLevel>
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        <name>PATRICK INDUSTRIES INC</name>
        <lei>549300FZ5ZTCCJ3Z5W14</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>BELDEN INC</name>
        <lei>68BKYO1JC791TTJHUE82</lei>
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        <cusip>077454106</cusip>
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          <isin value="US0774541066"/>
          <ticker value="BDC"/>
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        <name>FIRST BUSINESS FINANCIAL SERVICES INC</name>
        <lei>549300BXKLW2T50TKU95</lei>
        <title>FIRST BUSINESS FINANCIAL SERVICES INC COM</title>
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          <ticker value="FBIZ"/>
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        <fairValLevel>1</fairValLevel>
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        <name>WEIS MARKETS INC</name>
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          <ticker value="WMK"/>
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        <name>FIRST FINANCIAL BANCORP</name>
        <lei>549300D3F5B3EZMY7P77</lei>
        <title>FIRST FINANCIAL BANCORP COM</title>
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          <ticker value="FFBC"/>
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        <fairValLevel>1</fairValLevel>
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        <name>HEALTHSTREAM INC</name>
        <lei>529900OJ88H8635JNH64</lei>
        <title>HEALTHSTREAM INC COM</title>
        <cusip>42222N103</cusip>
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          <isin value="US42222N1037"/>
          <ticker value="HSTM"/>
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        <balance>74853.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>RCI HOSPITALITY HOLDINGS INC</name>
        <lei>529900COXP1MLE1UKG69</lei>
        <title>RCI HOSPITALITY HOLDINGS INC COM</title>
        <cusip>74934Q108</cusip>
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          <ticker value="RICK"/>
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        <balance>45398.00000000</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>
      <invstOrSec>
        <name>CNO FINANCIAL GROUP INC</name>
        <lei>11XPYHB76MPM4Y4P2897</lei>
        <title>CNO FINANCIAL GROUP INC COM</title>
        <cusip>12621E103</cusip>
        <identifiers>
          <isin value="US12621E1038"/>
          <ticker value="CNO"/>
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        <balance>93570.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4770198.60000000</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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      </invstOrSec>
      <invstOrSec>
        <name>RUSH ENTERPRISES INC</name>
        <lei>529900V3XHTN7A6DFT17</lei>
        <title>RUSH ENTERPRISES INC CL B</title>
        <cusip>781846308</cusip>
        <identifiers>
          <isin value="US7818463082"/>
          <ticker value="RUSHB"/>
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        <balance>42163.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3225469.50000000</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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      </invstOrSec>
      <invstOrSec>
        <name>BRT APARTMENT CORP</name>
        <lei>N/A</lei>
        <title>BRT APARTMENT CORP COM</title>
        <cusip>055645303</cusip>
        <identifiers>
          <isin value="US0556453035"/>
          <ticker value="BRT"/>
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        <balance>25359.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>389767.83000000</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>RUSH ENTERPRISES INC</name>
        <lei>529900V3XHTN7A6DFT17</lei>
        <title>RUSH ENTERPRISES INC CL A</title>
        <cusip>781846209</cusip>
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          <isin value="US7818462092"/>
          <ticker value="RUSHA"/>
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        <balance>93702.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6838840.47000000</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>COUSINS PROPERTIES INC</name>
        <lei>5493007XPYD5EJABN062</lei>
        <title>COUSINS PROPERTIES INC COM NEW</title>
        <cusip>222795502</cusip>
        <identifiers>
          <isin value="US2227955026"/>
          <ticker value="CUZ"/>
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        <balance>289571.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8681338.58000000</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>RILEY EXPLORATION PERMIAN INC</name>
        <lei>5493008CUBI02XP43Q95</lei>
        <title>RILEY EXPLORATION PERMIAN INC COM</title>
        <cusip>76665T102</cusip>
        <identifiers>
          <isin value="US76665T1025"/>
          <ticker value="REPX"/>
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        <balance>117211.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3863274.56000000</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>QUAD/GRAPHICS INC</name>
        <lei>W2D68G5NJH4X0NW8PT65</lei>
        <title>QUAD/GRAPHICS INC COM CL A</title>
        <cusip>747301109</cusip>
        <identifiers>
          <isin value="US7473011093"/>
          <ticker value="QUAD"/>
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        <balance>162178.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1367160.54000000</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>REPUBLIC BANCORP INC</name>
        <lei>N/A</lei>
        <title>REPUBLIC BANCORP INC CL A</title>
        <cusip>760281204</cusip>
        <identifiers>
          <isin value="US7602812049"/>
          <ticker value="RBCAA"/>
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        <balance>20395.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1844319.85000000</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>AMERANT BANCORP INC</name>
        <lei>54930071V6LIG79MTL10</lei>
        <title>AMERANT BANCORP INC CL A</title>
        <cusip>023576101</cusip>
        <identifiers>
          <isin value="US0235761014"/>
          <ticker value="AMTB"/>
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        <balance>34395.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>877760.40000000</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>CENTURY COMMUNITIES INC</name>
        <lei>5299002QMB2O7ZL1CA26</lei>
        <title>CENTURY COMMUNITIES INC COM</title>
        <cusip>156504300</cusip>
        <identifiers>
          <isin value="US1565043007"/>
          <ticker value="CCS"/>
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        <balance>61612.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4415115.92000000</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>ARKO CORP</name>
        <lei>N/A</lei>
        <title>ARKO CORP COM</title>
        <cusip>041242108</cusip>
        <identifiers>
          <isin value="US0412421085"/>
          <ticker value="ARKO"/>
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        <balance>510974.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4103121.22000000</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>HUB GROUP INC</name>
        <lei>N/A</lei>
        <title>HUB GROUP INC CL A</title>
        <cusip>443320106</cusip>
        <identifiers>
          <isin value="US4433201062"/>
          <ticker value="HUBG"/>
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        <balance>93070.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4075535.30000000</valUSD>
        <pctVal>0.186461122229</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>NVE CORP</name>
        <lei>5299003C1ATTWX8X0112</lei>
        <title>NVE CORP COM NEW</title>
        <cusip>629445206</cusip>
        <identifiers>
          <isin value="US6294452064"/>
          <ticker value="NVEC"/>
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        <balance>24725.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2584998.75000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PEABODY ENERGY CORP -</name>
        <lei>EJCO258LNNVSKAR2JX59</lei>
        <title>PEABODY ENERGY CORP - COM</title>
        <cusip>704551100</cusip>
        <identifiers>
          <isin value="US7045511000"/>
          <ticker value="BTU"/>
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        <balance>137955.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3189519.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ATKORE INC</name>
        <lei>52990002TI38AM4RPV48</lei>
        <title>ATKORE INC COM</title>
        <cusip>047649108</cusip>
        <identifiers>
          <isin value="US0476491081"/>
          <ticker value="ATKR"/>
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        <balance>69662.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5297098.48000000</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>COPT DEFENSE PROPERTIES</name>
        <lei>YY1J47X6LF9TYY8JY420</lei>
        <title>COPT DEFENSE PROPERTIES SHS BEN INT</title>
        <cusip>22002T108</cusip>
        <identifiers>
          <isin value="US22002T1088"/>
          <ticker value="CDP"/>
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        <balance>225549.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8207728.11000000</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>CACTUS INC</name>
        <lei>549300J3T8C9F8QFKV08</lei>
        <title>CACTUS INC CL A</title>
        <cusip>127203107</cusip>
        <identifiers>
          <isin value="US1272031071"/>
          <ticker value="WHD"/>
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        <balance>90938.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4658753.74000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ORGANON &amp; COMPANY</name>
        <lei>549300AMCKY57OK2CO56</lei>
        <title>ORGANON &amp; COMPANY COMMON STOCK</title>
        <cusip>68622V106</cusip>
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          <isin value="US68622V1061"/>
          <ticker value="OGN"/>
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        <balance>416043.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5633222.22000000</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>ADVANCE AUTO PARTS INC</name>
        <lei>529900UCNQ5H9FSL0Y70</lei>
        <title>ADVANCE AUTO PARTS INC COM</title>
        <cusip>00751Y106</cusip>
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          <isin value="US00751Y1064"/>
          <ticker value="AAP"/>
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        <balance>106384.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6619212.48000000</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>FRONTVIEW REIT INC</name>
        <lei>N/A</lei>
        <title>FRONTVIEW REIT INC COM</title>
        <cusip>35922N100</cusip>
        <identifiers>
          <isin value="US35922N1000"/>
          <ticker value="FVR"/>
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        <balance>16007.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>323821.61000000</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>WILLIS LEASE FINANCE CORP</name>
        <lei>54930023EP1OE5MKWF89</lei>
        <title>WILLIS LEASE FINANCE CORP COM</title>
        <cusip>970646105</cusip>
        <identifiers>
          <isin value="US9706461053"/>
          <ticker value="WLFC"/>
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        <balance>18371.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4203284.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FLEXSTEEL INDUSTRIES INC</name>
        <lei>894500J5Y3ZZOOJXXN24</lei>
        <title>FLEXSTEEL INDUSTRIES INC COM</title>
        <cusip>339382103</cusip>
        <identifiers>
          <isin value="US3393821034"/>
          <ticker value="FLXS"/>
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        <balance>27404.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2041049.92000000</valUSD>
        <pctVal>0.093380729302</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>EPR PROPERTIES</name>
        <lei>549300YSSXFHMPOWZ492</lei>
        <title>EPR PROPERTIES COM SH BEN INT</title>
        <cusip>26884U109</cusip>
        <identifiers>
          <isin value="US26884U1097"/>
          <ticker value="EPR"/>
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        <balance>387447.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>22475800.47000000</valUSD>
        <pctVal>1.028297553612</pctVal>
        <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>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>475936.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>19375354.56000000</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>PROG HOLDINGS INC</name>
        <lei>549300DHYTLBOVRXIG52</lei>
        <title>PROG HOLDINGS INC COM NPV</title>
        <cusip>74319R101</cusip>
        <identifiers>
          <isin value="US74319R1014"/>
          <ticker value="PRG"/>
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        <balance>32178.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1499816.58000000</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>NRC HEALTH</name>
        <lei>549300FQIORB6GZCYT15</lei>
        <title>NRC HEALTH COM NEW</title>
        <cusip>637372202</cusip>
        <identifiers>
          <isin value="US6373722023"/>
          <ticker value="NRC"/>
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        <balance>128096.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2763030.72000000</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>FIRST HAWAIIAN INC</name>
        <lei>5493002DJSH46F5OLV06</lei>
        <title>FIRST HAWAIIAN INC COM</title>
        <cusip>32051X108</cusip>
        <identifiers>
          <isin value="US32051X1081"/>
          <ticker value="FHB"/>
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        <balance>308367.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>9035153.10000000</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>CARTER'S INC</name>
        <lei>5299003WAQK4R3L3ZU36</lei>
        <title>CARTER'S INC COM</title>
        <cusip>146229109</cusip>
        <identifiers>
          <isin value="US1462291097"/>
          <ticker value="CRI"/>
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        <balance>127350.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5241726.00000000</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>WILLSCOT HOLDINGS CORP</name>
        <lei>549300HJ4VIXF476Q166</lei>
        <title>WILLSCOT HOLDINGS CORP COM CL A</title>
        <cusip>971378104</cusip>
        <identifiers>
          <isin value="US9713781048"/>
          <ticker value="WSC"/>
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        <balance>243119.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7016414.34000000</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>NATIONAL PRESTO INDUSTRIES INC</name>
        <lei>N/A</lei>
        <title>NATIONAL PRESTO INDUSTRIES INC COM</title>
        <cusip>637215104</cusip>
        <identifiers>
          <isin value="US6372151042"/>
          <ticker value="NPK"/>
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        <balance>22100.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2762279.00000000</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>HORACE MANN EDUCATORS CORP</name>
        <lei>254900G5YAV3A2YK8T32</lei>
        <title>HORACE MANN EDUCATORS CORP COM</title>
        <cusip>440327104</cusip>
        <identifiers>
          <isin value="US4403271046"/>
          <ticker value="HMN"/>
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        <balance>65206.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3367889.90000000</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>ANDERSONS INC (THE)</name>
        <lei>L38MWB8MVRFV7HVJPU11</lei>
        <title>ANDERSONS INC (THE) COM</title>
        <cusip>034164103</cusip>
        <identifiers>
          <isin value="US0341641035"/>
          <ticker value="ANDE"/>
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        <balance>65508.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4480747.20000000</valUSD>
        <pctVal>0.205000101788</pctVal>
        <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>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>31517.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1612094.55000000</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>KELLY SERVICES INC</name>
        <lei>25490035B2ZPL6RM1974</lei>
        <title>KELLY SERVICES INC CL A</title>
        <cusip>488152208</cusip>
        <identifiers>
          <isin value="US4881522084"/>
          <ticker value="KELYA"/>
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        <balance>171465.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2105590.20000000</valUSD>
        <pctVal>0.096333532345</pctVal>
        <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>TEREX CORP</name>
        <lei>YAWJZJYEQ7M1SYMOS462</lei>
        <title>TEREX CORP COM</title>
        <cusip>880779103</cusip>
        <identifiers>
          <isin value="US8807791038"/>
          <ticker value="TEX"/>
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        <balance>92945.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6728288.55000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SYLVAMO CORP</name>
        <lei>5493001AOYU1ZOWOC971</lei>
        <title>SYLVAMO CORP COMMON STOCK</title>
        <cusip>871332102</cusip>
        <identifiers>
          <isin value="US8713321029"/>
          <ticker value="SLVM"/>
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        <balance>135796.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5133088.80000000</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>BEL FUSE INC</name>
        <lei>2549009L4XYDBRRY6X39</lei>
        <title>BEL FUSE INC CL B</title>
        <cusip>077347300</cusip>
        <identifiers>
          <isin value="US0773473006"/>
          <ticker value="BELFB"/>
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        <balance>11445.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3811642.80000000</valUSD>
        <pctVal>0.174387691851</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>
        <name>PEOPLES FINANCIAL SERVICES CORP</name>
        <lei>254900HXI30XMTDCGJ18</lei>
        <title>PEOPLES FINANCIAL SERVICES CORP COM</title>
        <cusip>711040105</cusip>
        <identifiers>
          <isin value="US7110401053"/>
          <ticker value="PFIS"/>
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        <balance>13322.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>884181.14000000</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>HOME BANCORP INC</name>
        <lei>5493008ATL42O3U2YM84</lei>
        <title>HOME BANCORP INC COM</title>
        <cusip>43689E107</cusip>
        <identifiers>
          <isin value="US43689E1073"/>
          <ticker value="HBCP"/>
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        <balance>7365.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>504649.80000000</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>NORTHPOINTE BANCSHARES INC</name>
        <lei>549300EYMKMD4WKEKP72</lei>
        <title>NORTHPOINTE BANCSHARES INC COM SHS</title>
        <cusip>66661N886</cusip>
        <identifiers>
          <isin value="US66661N8864"/>
          <ticker value="NPB"/>
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        <balance>27915.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>535409.70000000</valUSD>
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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>CENTRAL PACIFIC FINANCIAL CORP</name>
        <lei>549300W3YEAOZ4KGG849</lei>
        <title>CENTRAL PACIFIC FINANCIAL CORP COM NEW</title>
        <cusip>154760409</cusip>
        <identifiers>
          <isin value="US1547604090"/>
          <ticker value="CPF"/>
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        <balance>40765.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1557223.00000000</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>WORTHINGTON STEEL INC</name>
        <lei>2549009ZUUWL3QLK6G24</lei>
        <title>WORTHINGTON STEEL INC COM SHS</title>
        <cusip>982104101</cusip>
        <identifiers>
          <isin value="US9821041012"/>
          <ticker value="WS"/>
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        <balance>106182.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3565591.56000000</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>BUILD-A-BEAR WORKSHOP INC</name>
        <lei>529900S9MWZC1UBF3D13</lei>
        <title>BUILD-A-BEAR WORKSHOP INC COM</title>
        <cusip>120076104</cusip>
        <identifiers>
          <isin value="US1200761047"/>
          <ticker value="BBW"/>
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        <balance>41254.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1262784.94000000</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>RBB BANCORP</name>
        <lei>549300A23FBFZNGET525</lei>
        <title>RBB BANCORP COM</title>
        <cusip>74930B105</cusip>
        <identifiers>
          <isin value="US74930B1052"/>
          <ticker value="RBB"/>
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        <balance>15598.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>427619.17000000</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>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>68368.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1586821.28000000</valUSD>
        <pctVal>0.072599169156</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>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>251806.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1034922.66000000</valUSD>
        <pctVal>0.047349078440</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>PREFORMED LINE PRODUCTS COMPANY</name>
        <lei>549300EYH53XDJID2098</lei>
        <title>PREFORMED LINE PRODUCTS COMPANY COM</title>
        <cusip>740444104</cusip>
        <identifiers>
          <isin value="US7404441047"/>
          <ticker value="PLPC"/>
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        <balance>8752.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3593221.12000000</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>
      <invstOrSec>
        <name>CAPITAL CITY BANK GROUP INC</name>
        <lei>254900NVLVUJQZKTQE82</lei>
        <title>CAPITAL CITY BANK GROUP INC COM</title>
        <cusip>139674105</cusip>
        <identifiers>
          <isin value="US1396741050"/>
          <ticker value="CCBG"/>
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        <balance>22906.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1132014.52000000</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>MERCHANTS BANCORP (INDIANA)</name>
        <lei>54930008Y0GPVLF81889</lei>
        <title>MERCHANTS BANCORP (INDIANA) COM</title>
        <cusip>58844R108</cusip>
        <identifiers>
          <isin value="US58844R1086"/>
          <ticker value="MBIN"/>
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        <balance>37506.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1875300.00000000</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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      </invstOrSec>
      <invstOrSec>
        <name>GREIF INC</name>
        <lei>54930070FVGKR0Z1FI24</lei>
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        <cusip>397624107</cusip>
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          <isin value="US3976241071"/>
          <ticker value="GEF"/>
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        <balance>85728.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6385878.72000000</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>SCIENCE APPLICATIONS INTERNATIONAL CORP</name>
        <lei>549300LZPNZIXQGZPZ48</lei>
        <title>SCIENCE APPLICATIONS INTERNATIONAL CORP COM</title>
        <cusip>808625107</cusip>
        <identifiers>
          <isin value="US8086251076"/>
          <ticker value="SAIC"/>
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        <balance>71324.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7874882.84000000</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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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TOOTSIE ROLL INDUSTRIES INC</name>
        <lei>529900SBKOV9XX4M4Q35</lei>
        <title>TOOTSIE ROLL INDUSTRIES INC COM</title>
        <cusip>890516107</cusip>
        <identifiers>
          <isin value="US8905161076"/>
          <ticker value="TR"/>
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        <balance>70814.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2800693.70000000</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>SAFEHOLD INC</name>
        <lei>QFFLKWYYS3UPWD86E794</lei>
        <title>SAFEHOLD INC COM</title>
        <cusip>78646V107</cusip>
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          <isin value="US78646V1070"/>
          <ticker value="SAFE"/>
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        <balance>61104.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>959332.80000000</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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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>STURM RUGER &amp; CO. INC</name>
        <lei>529900DV1BWFJSHFO847</lei>
        <title>STURM RUGER &amp; CO. INC COM</title>
        <cusip>864159108</cusip>
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          <isin value="US8641591081"/>
          <ticker value="RGR"/>
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        <balance>72045.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2726903.25000000</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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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GREENE COUNTY BANCORP INC</name>
        <lei>N/A</lei>
        <title>GREENE COUNTY BANCORP INC COM</title>
        <cusip>394357107</cusip>
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          <isin value="US3943571071"/>
          <ticker value="GCBC"/>
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        <balance>7751.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>260356.09000000</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>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NATIONAL CINEMEDIA INC</name>
        <lei>5493000MOLIVSOGKEB48</lei>
        <title>NATIONAL CINEMEDIA INC COM NEW</title>
        <cusip>635309206</cusip>
        <identifiers>
          <isin value="US6353092066"/>
          <ticker value="NCMI"/>
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        <balance>504777.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1918152.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <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>
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          <isin value="US46266A1097"/>
          <ticker value="IRMD"/>
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        <balance>27225.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2601621.00000000</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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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ENTRAVISION COMMUNICATIONS CORP</name>
        <lei>549300SKHY2ALCLKV539</lei>
        <title>ENTRAVISION COMMUNICATIONS CORP CL A</title>
        <cusip>29382R107</cusip>
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          <isin value="US29382R1077"/>
          <ticker value="EVC"/>
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        <balance>427185.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5570492.40000000</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>
      <invstOrSec>
        <name>S&amp;T BANCORP INC</name>
        <lei>N/A</lei>
        <title>S&amp;T BANCORP INC COM</title>
        <cusip>783859101</cusip>
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          <isin value="US7838591011"/>
          <ticker value="STBA"/>
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        <balance>68721.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3372826.68000000</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>MEDICAL PROPERTIES TRUST INC</name>
        <lei>254900U6E39J1MQCCY14</lei>
        <title>MEDICAL PROPERTIES TRUST INC COM</title>
        <cusip>58463J304</cusip>
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          <isin value="US58463J3041"/>
          <ticker value="MPT"/>
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        <balance>1340163.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6191553.06000000</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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      <invstOrSec>
        <name>TRINITY INDUSTRIES INC</name>
        <lei>R1JB4KXN77XFCXOQKV49</lei>
        <title>TRINITY INDUSTRIES INC COM</title>
        <cusip>896522109</cusip>
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          <isin value="US8965221091"/>
          <ticker value="TRN"/>
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        <balance>302953.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10476114.74000000</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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      <invstOrSec>
        <name>CRANE NXT COMPANY</name>
        <lei>549300EXNPSXEWUD3N21</lei>
        <title>CRANE NXT COMPANY COM</title>
        <cusip>224441105</cusip>
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          <isin value="US2244411052"/>
          <ticker value="CXT"/>
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        <balance>74022.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3786965.52000000</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>WORTHINGTON ENTERPRISES INC</name>
        <lei>1WRCIANKYOIK6KYE5E82</lei>
        <title>WORTHINGTON ENTERPRISES INC COM</title>
        <cusip>981811102</cusip>
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          <isin value="US9818111026"/>
          <ticker value="WOR"/>
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        <balance>76758.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4126510.08000000</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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      <invstOrSec>
        <name>UNITY BANCORP INC</name>
        <lei>549300Q90ZRNUR65PL93</lei>
        <title>UNITY BANCORP INC COM</title>
        <cusip>913290102</cusip>
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          <isin value="US9132901029"/>
          <ticker value="UNTY"/>
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        <curCd>USD</curCd>
        <valUSD>536426.60000000</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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      <invstOrSec>
        <name>TRAVEL PLUS LEISURE COMPANY</name>
        <lei>T4VNTWMFQ7JQB65L7T35</lei>
        <title>TRAVEL PLUS LEISURE COMPANY COM</title>
        <cusip>894164102</cusip>
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          <isin value="US8941641024"/>
          <ticker value="TNL"/>
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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>ASSOCIATED BANC-CORP</name>
        <lei>549300N3CIN473IW5094</lei>
        <title>ASSOCIATED BANC-CORP COM</title>
        <cusip>045487105</cusip>
        <identifiers>
          <isin value="US0454871056"/>
          <ticker value="ASB"/>
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        <balance>378843.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>11656999.11000000</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>CONCENTRIX CORP</name>
        <lei>5493000EAJN1KMPVA737</lei>
        <title>CONCENTRIX CORP COM</title>
        <cusip>20602D101</cusip>
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          <isin value="US20602D1019"/>
          <ticker value="CNXC"/>
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        <balance>209591.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4695886.36000000</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>OP BANCORP</name>
        <lei>549300LTYZMS0Q13U522</lei>
        <title>OP BANCORP COM</title>
        <cusip>67109R109</cusip>
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          <isin value="US67109R1095"/>
          <ticker value="OPBK"/>
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        <balance>14373.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>215451.27000000</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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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>STRATEGIC EDUCATION INC</name>
        <lei>2549002UYIM8Q5EC8H36</lei>
        <title>STRATEGIC EDUCATION INC COM</title>
        <cusip>86272C103</cusip>
        <identifiers>
          <isin value="US86272C1036"/>
          <ticker value="STRA"/>
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        <balance>69101.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5294518.62000000</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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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MATTHEWS INTERNATIONAL CORP</name>
        <lei>549300ZVC5O0ATML6U61</lei>
        <title>MATTHEWS INTERNATIONAL CORP CL A</title>
        <cusip>577128101</cusip>
        <identifiers>
          <isin value="US5771281012"/>
          <ticker value="MATW"/>
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        <balance>150213.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4043733.96000000</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>JOHN WILEY &amp; SONS INC</name>
        <lei>5493003XM719UN7E8P64</lei>
        <title>JOHN WILEY &amp; SONS INC CL A</title>
        <cusip>968223206</cusip>
        <identifiers>
          <isin value="US9682232064"/>
          <ticker value="WLY"/>
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        <balance>156338.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7583956.38000000</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>ATN INTERNATIONAL INC</name>
        <lei>54930013NP7VEU877V56</lei>
        <title>ATN INTERNATIONAL INC COM</title>
        <cusip>00215F107</cusip>
        <identifiers>
          <isin value="US00215F1075"/>
          <ticker value="ATNI"/>
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        <balance>76838.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2035438.62000000</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>UMH PROPERTIES INC</name>
        <lei>529900OM5K3PJ11F0Q09</lei>
        <title>UMH PROPERTIES INC COM</title>
        <cusip>903002103</cusip>
        <identifiers>
          <isin value="US9030021037"/>
          <ticker value="UMH"/>
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        <balance>79878.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1209352.92000000</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>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>192954.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6122430.42000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ICF INTERNATIONAL INC</name>
        <lei>5493003KYFDDC5B3WY64</lei>
        <title>ICF INTERNATIONAL INC COM</title>
        <cusip>44925C103</cusip>
        <identifiers>
          <isin value="US44925C1036"/>
          <ticker value="ICFI"/>
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        <balance>27360.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1993449.60000000</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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      <invstOrSec>
        <name>PVH CORP</name>
        <lei>123WALMHY1GZXG2YDL90</lei>
        <title>PVH CORP COM</title>
        <cusip>693656100</cusip>
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          <isin value="US6936561009"/>
          <ticker value="PVH"/>
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        <balance>38940.00000000</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>FS BANCORP INC</name>
        <lei>N/A</lei>
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        <cusip>30263Y104</cusip>
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          <isin value="US30263Y1047"/>
          <ticker value="FSBW"/>
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        <balance>11023.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>478398.20000000</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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      <invstOrSec>
        <name>COLUMBIA SPORTSWEAR COMPANY</name>
        <lei>549300OTMCIEUXAH5Z60</lei>
        <title>COLUMBIA SPORTSWEAR COMPANY COM</title>
        <cusip>198516106</cusip>
        <identifiers>
          <isin value="US1985161066"/>
          <ticker value="COLM"/>
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        <balance>112886.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6978612.52000000</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>PRIMIS FINANCIAL CORP</name>
        <lei>549300JNX3M2EENG1F11</lei>
        <title>PRIMIS FINANCIAL CORP COM</title>
        <cusip>74167B109</cusip>
        <identifiers>
          <isin value="US74167B1098"/>
          <ticker value="FRST"/>
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        <balance>55639.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>910810.43000000</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>BUCKLE INC (THE)</name>
        <lei>5299007IU0461T3GDL34</lei>
        <title>BUCKLE INC (THE) COM</title>
        <cusip>118440106</cusip>
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          <isin value="US1184401065"/>
          <ticker value="BKE"/>
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        <balance>263346.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>11113201.20000000</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>ASTEC INDUSTRIES INC</name>
        <lei>5493002DO2QKHLKB2A48</lei>
        <title>ASTEC INDUSTRIES INC COM</title>
        <cusip>046224101</cusip>
        <identifiers>
          <isin value="US0462241011"/>
          <ticker value="ASTE"/>
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        <balance>54108.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3310868.52000000</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>RICHARDSON ELECTRONICS LTD</name>
        <lei>N/A</lei>
        <title>RICHARDSON ELECTRONICS LTD COM</title>
        <cusip>763165107</cusip>
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          <isin value="US7631651079"/>
          <ticker value="RELL"/>
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        <balance>66651.00000000</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>EXCELERATE ENERGY INC</name>
        <lei>254900J6DPU4HB368I65</lei>
        <title>EXCELERATE ENERGY INC CL A COM</title>
        <cusip>30069T101</cusip>
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          <isin value="US30069T1016"/>
          <ticker value="EE"/>
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        <balance>81608.00000000</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>FIVE STAR BANCORP</name>
        <lei>5493008ZRBIHKWC0JA73</lei>
        <title>FIVE STAR BANCORP COM</title>
        <cusip>33830T103</cusip>
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          <isin value="US33830T1034"/>
          <ticker value="FSBC"/>
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        <balance>25019.00000000</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>SAUL CENTERS INC</name>
        <lei>N/A</lei>
        <title>SAUL CENTERS INC COM</title>
        <cusip>804395101</cusip>
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          <isin value="US8043951016"/>
          <ticker value="BFS"/>
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        <balance>19436.00000000</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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        <name>BANK FIRST CORP</name>
        <lei>N/A</lei>
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        <cusip>06211J100</cusip>
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          <isin value="US06211J1007"/>
          <ticker value="BFC"/>
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        <balance>8716.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>UTAH MEDICAL PRODUCTS INC</name>
        <lei>5493002R27BBGV8DID60</lei>
        <title>UTAH MEDICAL PRODUCTS INC COM</title>
        <cusip>917488108</cusip>
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          <ticker value="UTMD"/>
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        <balance>6183.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>GRANITE RIDGE RESOURCES INC</name>
        <lei>254900CAHJQKOQ1YZC67</lei>
        <title>GRANITE RIDGE RESOURCES INC COM</title>
        <cusip>387432107</cusip>
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          <isin value="US3874321074"/>
          <ticker value="GRNT"/>
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        <balance>675857.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>OCEANFIRST FINANCIAL CORP</name>
        <lei>N/A</lei>
        <title>OCEANFIRST FINANCIAL CORP COM</title>
        <cusip>675234108</cusip>
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          <isin value="US6752341080"/>
          <ticker value="OCFC"/>
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        <balance>170475.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>KFORCE INC</name>
        <lei>5493003RDQQDVXY2SK46</lei>
        <title>KFORCE INC COM</title>
        <cusip>493732101</cusip>
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          <isin value="US4937321010"/>
          <ticker value="KFRC"/>
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        <balance>94830.00000000</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>BRADY CORP</name>
        <lei>549300G2LEQOFQC8GY34</lei>
        <title>BRADY CORP CL A</title>
        <cusip>104674106</cusip>
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          <ticker value="BRC"/>
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        <balance>58356.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5343658.92000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NBT BANCORP INC</name>
        <lei>N/A</lei>
        <title>NBT BANCORP INC COM</title>
        <cusip>628778102</cusip>
        <identifiers>
          <isin value="US6287781024"/>
          <ticker value="NBTB"/>
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        <balance>101576.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5014807.12000000</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SILA REALTY TRUST INC</name>
        <lei>549300HXH142HWKKSW59</lei>
        <title>SILA REALTY TRUST INC COMMON STOCK</title>
        <cusip>146280508</cusip>
        <identifiers>
          <isin value="US1462805086"/>
          <ticker value="SILA"/>
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        <balance>47446.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1440460.56000000</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>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BROADSTONE NET LEASE INC</name>
        <lei>549300U8D7PT70B49V21</lei>
        <title>BROADSTONE NET LEASE INC COM</title>
        <cusip>11135E203</cusip>
        <identifiers>
          <isin value="US11135E2037"/>
          <ticker value="BNL"/>
        </identifiers>
        <balance>441806.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>9132130.02000000</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EMERALD HOLDING INC</name>
        <lei>N/A</lei>
        <title>EMERALD HOLDING INC COM</title>
        <cusip>29103W104</cusip>
        <identifiers>
          <isin value="US29103W1045"/>
          <ticker value="EEX"/>
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        <balance>246397.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1241840.88000000</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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          <loanByFundCondition isLoanByFund="Y" loanVal="730290.96000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>SPECTRUM BRANDS HOLDINGS INC</name>
        <lei>549300JM0MJETDD30O20</lei>
        <title>SPECTRUM BRANDS HOLDINGS INC COM</title>
        <cusip>84790A105</cusip>
        <identifiers>
          <isin value="US84790A1051"/>
          <ticker value="SPB"/>
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        <balance>81656.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7002002.00000000</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>
      <invstOrSec>
        <name>FIRST BANK (WILLIAMSTOWN NJ)</name>
        <lei>549300YS4CB1171BRJ08</lei>
        <title>FIRST BANK (WILLIAMSTOWN NJ) COM</title>
        <cusip>31931U102</cusip>
        <identifiers>
          <isin value="US31931U1025"/>
          <ticker value="FRBA"/>
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        <balance>29857.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>529364.61000000</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>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NORTHEAST BANK</name>
        <lei>549300F0LV9TSW34E306</lei>
        <title>NORTHEAST BANK COM</title>
        <cusip>66405S100</cusip>
        <identifiers>
          <isin value="US66405S1006"/>
          <ticker value="NBN"/>
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        <balance>6512.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>863035.36000000</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>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ADEIA INC</name>
        <lei>N/A</lei>
        <title>ADEIA INC COM</title>
        <cusip>00676P107</cusip>
        <identifiers>
          <isin value="US00676P1075"/>
          <ticker value="ADEA"/>
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        <balance>246303.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8110757.79000000</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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          <loanByFundCondition isLoanByFund="Y" loanVal="8110757.79000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>BUSINESS FIRST BANCSHARES INC</name>
        <lei>549300ILTC50KHDX4A08</lei>
        <title>BUSINESS FIRST BANCSHARES INC COM</title>
        <cusip>12326C105</cusip>
        <identifiers>
          <isin value="US12326C1053"/>
          <ticker value="BFST"/>
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        <balance>25660.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>788531.80000000</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>BANNER CORP</name>
        <lei>N/A</lei>
        <title>BANNER CORP COM NEW</title>
        <cusip>06652V208</cusip>
        <identifiers>
          <isin value="US06652V2088"/>
          <ticker value="BANR"/>
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        <balance>56997.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3786880.68000000</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>CSP INC</name>
        <lei>N/A</lei>
        <title>CSP INC COM</title>
        <cusip>126389105</cusip>
        <identifiers>
          <isin value="US1263891053"/>
          <ticker value="CSPI"/>
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        <balance>41370.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>328477.80000000</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>MVB FINANCIAL CORP</name>
        <lei>549300KSUQ2FUU1X2O74</lei>
        <title>MVB FINANCIAL CORP COM</title>
        <cusip>553810102</cusip>
        <identifiers>
          <isin value="US5538101024"/>
          <ticker value="MVBF"/>
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        <balance>9702.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>281455.02000000</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>
        <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>156653.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5852556.08000000</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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          <loanByFundCondition isLoanByFund="Y" loanVal="4241107.20000000"/>
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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>20016.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3021215.04000000</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>HURCO COMPANIES INC</name>
        <lei>XSC5XDOTBYOBQPOG2O82</lei>
        <title>HURCO COMPANIES INC COM</title>
        <cusip>447324104</cusip>
        <identifiers>
          <isin value="US4473241044"/>
          <ticker value="HURC"/>
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        <balance>22452.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>514038.54000000</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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      <invstOrSec>
        <name>REPOSITRAK INC</name>
        <lei>5299008X1VJFCKZ94E34</lei>
        <title>REPOSITRAK INC COM NEW</title>
        <cusip>700215304</cusip>
        <identifiers>
          <isin value="US7002153044"/>
          <ticker value="TRAK"/>
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        <balance>82976.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>746784.00000000</valUSD>
        <pctVal>0.034166354221</pctVal>
        <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>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>17740.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>869082.60000000</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>MESA LABORATORIES INC</name>
        <lei>549300ZCG738WLX8ZW79</lei>
        <title>MESA LABORATORIES INC COM</title>
        <cusip>59064R109</cusip>
        <identifiers>
          <isin value="US59064R1095"/>
          <ticker value="MLAB"/>
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        <balance>24683.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2457192.65000000</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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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>EXPONENT INC</name>
        <lei>529900NY3F5Q2NWPUZ42</lei>
        <title>EXPONENT INC COM</title>
        <cusip>30214U102</cusip>
        <identifiers>
          <isin value="US30214U1025"/>
          <ticker value="EXPO"/>
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        <balance>76652.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4504071.52000000</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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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>LSI INDUSTRIES INC</name>
        <lei>529900HY42OANH6BVT33</lei>
        <title>LSI INDUSTRIES INC COM</title>
        <cusip>50216C108</cusip>
        <identifiers>
          <isin value="US50216C1080"/>
          <ticker value="LYTS"/>
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        <balance>109470.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2909712.60000000</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>
      <invstOrSec>
        <name>METROPOLITAN BANK HOLDING CORP</name>
        <lei>N/A</lei>
        <title>METROPOLITAN BANK HOLDING CORP COM</title>
        <cusip>591774104</cusip>
        <identifiers>
          <isin value="US5917741044"/>
          <ticker value="MCB"/>
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        <balance>8456.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>835114.56000000</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>POWELL INDUSTRIES INC</name>
        <lei>549300V08RO7MX2UBN26</lei>
        <title>POWELL INDUSTRIES INC COM</title>
        <cusip>739128106</cusip>
        <identifiers>
          <isin value="US7391281067"/>
          <ticker value="POWL"/>
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        <balance>30752.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>8806142.72000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>METHODE ELECTRONICS INC</name>
        <lei>529900VM413LGLUS3F07</lei>
        <title>METHODE ELECTRONICS INC COM</title>
        <cusip>591520200</cusip>
        <identifiers>
          <isin value="US5915202007"/>
          <ticker value="MEI"/>
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        <balance>161402.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3061795.94000000</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>
      <invstOrSec>
        <name>SOUTHSIDE BANCSHARES INC</name>
        <lei>549300TC83207VQA2K65</lei>
        <title>SOUTHSIDE BANCSHARES INC COM</title>
        <cusip>84470P109</cusip>
        <identifiers>
          <isin value="US84470P1093"/>
          <ticker value="SBSI"/>
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        <balance>69317.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2439265.23000000</valUSD>
        <pctVal>0.111599605627</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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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>INDUSTRIAL LOGISTICS PROPERTIES TRUST</name>
        <lei>5493004XH9PJW009HR47</lei>
        <title>INDUSTRIAL LOGISTICS PROPERTIES TRUST COM SHS BEN INT</title>
        <cusip>456237106</cusip>
        <identifiers>
          <isin value="US4562371066"/>
          <ticker value="ILPT"/>
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        <balance>54680.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>485011.60000000</valUSD>
        <pctVal>0.022189921218</pctVal>
        <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>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EVERTEC INC</name>
        <lei>N/A</lei>
        <title>EVERTEC INC COM</title>
        <cusip>30040P103</cusip>
        <identifiers>
          <isin value="PR30040P1032"/>
          <ticker value="EVTC"/>
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        <balance>52446.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1456949.88000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HOMETRUST BANCSHARES INC</name>
        <lei>N/A</lei>
        <title>HOMETRUST BANCSHARES INC COM</title>
        <cusip>437872104</cusip>
        <identifiers>
          <isin value="US4378721041"/>
          <ticker value="HTB"/>
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        <balance>16876.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>841943.64000000</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>SL GREEN REALTY CORP</name>
        <lei>549300VQZPJU97H3GT17</lei>
        <title>SL GREEN REALTY CORP COM</title>
        <cusip>78440X887</cusip>
        <identifiers>
          <isin value="US78440X8873"/>
          <ticker value="SLG"/>
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        <balance>170593.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8831599.61000000</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>
      <invstOrSec>
        <name>NORTHWEST NATURAL HOLDING COMPANY</name>
        <lei>254900PSJL6ZEC8FR782</lei>
        <title>NORTHWEST NATURAL HOLDING COMPANY COM</title>
        <cusip>66765N105</cusip>
        <identifiers>
          <isin value="US66765N1054"/>
          <ticker value="NWN"/>
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        <balance>209867.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>10296075.02000000</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>NORTHERN OIL &amp; GAS INC</name>
        <lei>OKFF0PIZDDMNH4UCYE51</lei>
        <title>NORTHERN OIL &amp; GAS INC COM</title>
        <cusip>665531307</cusip>
        <identifiers>
          <isin value="US6655313079"/>
          <ticker value="NOG"/>
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        <balance>482929.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8765161.35000000</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>PRICESMART INC</name>
        <lei>549300JVYOSTGVSDZS46</lei>
        <title>PRICESMART INC COM</title>
        <cusip>741511109</cusip>
        <identifiers>
          <isin value="US7415111092"/>
          <ticker value="PSMT"/>
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        <balance>33869.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6615970.46000000</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>QUAKER CHEMICAL CORP</name>
        <lei>549300PJQ1R3WCWCPS54</lei>
        <title>QUAKER CHEMICAL CORP COM</title>
        <cusip>747316107</cusip>
        <identifiers>
          <isin value="US7473161070"/>
          <ticker value="KWR"/>
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        <balance>29475.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4682693.25000000</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>LCI INDUSTRIES</name>
        <lei>549300E1B98YNJ1WIQ04</lei>
        <title>LCI INDUSTRIES COM</title>
        <cusip>50189K103</cusip>
        <identifiers>
          <isin value="US50189K1034"/>
          <ticker value="LCII"/>
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        <balance>113666.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>12034956.08000000</valUSD>
        <pctVal>0.550615134327</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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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>HA SUSTAINABLE INFRASTRUCTURE CAPITAL INC</name>
        <lei>254900ZZRL7MWL1X8E92</lei>
        <title>HA SUSTAINABLE INFRASTRUCTURE CAPITAL INC COM</title>
        <cusip>41068X100</cusip>
        <identifiers>
          <isin value="US41068X1000"/>
          <ticker value="HASI"/>
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        <balance>398515.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>15562010.75000000</valUSD>
        <pctVal>0.711982543397</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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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>RED RIVER BANCSHARES INC</name>
        <lei>549300SO63STZV7UHM15</lei>
        <title>RED RIVER BANCSHARES INC COM</title>
        <cusip>75686R202</cusip>
        <identifiers>
          <isin value="US75686R2022"/>
          <ticker value="RRBI"/>
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        <balance>5749.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>524768.72000000</valUSD>
        <pctVal>0.024008861962</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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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>GREENBRIER COMPANIES INC (THE)</name>
        <lei>5493001GAGGFR30BP390</lei>
        <title>GREENBRIER COMPANIES INC (THE) COM</title>
        <cusip>393657101</cusip>
        <identifiers>
          <isin value="US3936571013"/>
          <ticker value="GBX"/>
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        <balance>94269.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4620123.69000000</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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          <loanByFundCondition isLoanByFund="Y" loanVal="4620123.69000000"/>
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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>
        <identifiers>
          <isin value="US0702031040"/>
          <ticker value="BSET"/>
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        <balance>43557.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>771830.04000000</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>WEST BANCORP INC</name>
        <lei>549300GKFOINCHIYU666</lei>
        <title>WEST BANCORP INC CAP STK</title>
        <cusip>95123P106</cusip>
        <identifiers>
          <isin value="US95123P1066"/>
          <ticker value="WTBA"/>
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        <balance>28113.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>745837.89000000</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>INDEPENDENT BANK CORP (MICHIGAN)</name>
        <lei>N/A</lei>
        <title>INDEPENDENT BANK CORP (MICHIGAN) COM NEW</title>
        <cusip>453838609</cusip>
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          <isin value="US4538386099"/>
          <ticker value="IBCP"/>
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        <balance>23140.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>834659.80000000</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>BRUNSWICK CORP</name>
        <lei>YM4O38W15AX4YLLQKU27</lei>
        <title>BRUNSWICK CORP COM</title>
        <cusip>117043109</cusip>
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          <isin value="US1170431092"/>
          <ticker value="BC"/>
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        <curCd>USD</curCd>
        <valUSD>11144362.32000000</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>HORIZON BANCORP INC</name>
        <lei>549300U2OQ2EIT5MXG39</lei>
        <title>HORIZON BANCORP INC COM</title>
        <cusip>440407104</cusip>
        <identifiers>
          <isin value="US4404071049"/>
          <ticker value="HBNC"/>
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        <balance>82834.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1655023.32000000</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>KADANT INC</name>
        <lei>549300K06LNJYBMPYP15</lei>
        <title>KADANT INC COM</title>
        <cusip>48282T104</cusip>
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          <isin value="US48282T1043"/>
          <ticker value="KAI"/>
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        <balance>9595.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3015036.85000000</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>NACCO INDUSTRIES INC</name>
        <lei>N/A</lei>
        <title>NACCO INDUSTRIES INC CL A</title>
        <cusip>629579103</cusip>
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          <isin value="US6295791031"/>
          <ticker value="NC"/>
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        <balance>30584.00000000</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>TANGER INC</name>
        <lei>UKEW8YSXE4Y581KYOL30</lei>
        <title>TANGER INC COM</title>
        <cusip>875465106</cusip>
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          <isin value="US8754651060"/>
          <ticker value="SKT"/>
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        <balance>102059.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4028268.73000000</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>SINCLAIR INC</name>
        <lei>N/A</lei>
        <title>SINCLAIR INC CL A</title>
        <cusip>829242106</cusip>
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          <isin value="US8292421067"/>
          <ticker value="SBGI"/>
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        <balance>250542.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3570223.50000000</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>CATHAY GENERAL BANCORP</name>
        <lei>549300K1SLJ8C97H5L68</lei>
        <title>CATHAY GENERAL BANCORP COM</title>
        <cusip>149150104</cusip>
        <identifiers>
          <isin value="US1491501045"/>
          <ticker value="CATY"/>
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        <balance>115156.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7138520.44000000</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>UWM HOLDINGS CORP</name>
        <lei>N/A</lei>
        <title>UWM HOLDINGS CORP COM CL A</title>
        <cusip>91823B109</cusip>
        <identifiers>
          <isin value="US91823B1098"/>
          <ticker value="UWMC"/>
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        <balance>961956.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2202879.24000000</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>
      <invstOrSec>
        <name>SHORE BANCSHARES INC</name>
        <lei>N/A</lei>
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        <cusip>825107105</cusip>
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          <isin value="US8251071051"/>
          <ticker value="SHBI"/>
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        <balance>49134.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1127625.30000000</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>
      <invstOrSec>
        <name>MUELLER WATER PRODUCTS INC</name>
        <lei>549300F7ZU4P1F8V8L60</lei>
        <title>MUELLER WATER PRODUCTS INC COM SER A</title>
        <cusip>624758108</cusip>
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          <isin value="US6247581084"/>
          <ticker value="MWA"/>
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        <balance>188322.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4864357.26000000</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>
      <invstOrSec>
        <name>PBF ENERGY INC</name>
        <lei>2549003PBEDCSZMZIY02</lei>
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        <cusip>69318G106</cusip>
        <identifiers>
          <isin value="US69318G1067"/>
          <ticker value="PBF"/>
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        <balance>304239.00000000</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>
      <invstOrSec>
        <name>SOLARIS ENERGY INFRASTRUCTURE INC</name>
        <lei>529900MTK3C8Y8TIIC10</lei>
        <title>SOLARIS ENERGY INFRASTRUCTURE INC COM CL A</title>
        <cusip>83418M103</cusip>
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          <isin value="US83418M1036"/>
          <ticker value="SEI"/>
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        <balance>59913.00000000</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>INTERFACE INC</name>
        <lei>549300VXZWQOIDFPU355</lei>
        <title>INTERFACE INC COM</title>
        <cusip>458665304</cusip>
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          <isin value="US4586653044"/>
          <ticker value="TILE"/>
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        <balance>74869.00000000</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>FIRST MERCHANTS CORP</name>
        <lei>TZTBT0OTGQ2FEK6XMX94</lei>
        <title>FIRST MERCHANTS CORP COM</title>
        <cusip>320817109</cusip>
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          <isin value="US3208171096"/>
          <ticker value="FRME"/>
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        <balance>128808.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5627621.52000000</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>OFG BANCORP</name>
        <lei>549300Q4QEXJ37LEXQ06</lei>
        <title>OFG BANCORP COM</title>
        <cusip>67103X102</cusip>
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          <isin value="PR67103X1020"/>
          <ticker value="OFG"/>
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        <balance>73315.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PR</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SMITH AND WESSON BRANDS INC</name>
        <lei>5493004PFHUPOR1PWN79</lei>
        <title>SMITH AND WESSON BRANDS INC COM</title>
        <cusip>831754106</cusip>
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          <isin value="US8317541063"/>
          <ticker value="SWBI"/>
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        <balance>229052.00000000</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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      <invstOrSec>
        <name>WASHINGTON TRUST BANCORP INC</name>
        <lei>J66MZFCNJPP3PERHZW54</lei>
        <title>WASHINGTON TRUST BANCORP INC COM</title>
        <cusip>940610108</cusip>
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          <isin value="US9406101082"/>
          <ticker value="WASH"/>
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        <balance>68579.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2501761.92000000</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>MINERALS TECHNOLOGIES INC</name>
        <lei>549300D3I1QU67GP6403</lei>
        <title>MINERALS TECHNOLOGIES INC COM</title>
        <cusip>603158106</cusip>
        <identifiers>
          <isin value="US6031581068"/>
          <ticker value="MTX"/>
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        <balance>45588.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3372144.36000000</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>COMMUNITY FINANCIAL SYSTEM INC</name>
        <lei>5299008N6YHE6GCP1E80</lei>
        <title>COMMUNITY FINANCIAL SYSTEM INC COM</title>
        <cusip>203607106</cusip>
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          <isin value="US2036071064"/>
          <ticker value="CBU"/>
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        <balance>106193.00000000</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>BANC OF CALIFORNIA INC</name>
        <lei>549300ZKWUJDP6LJ1X87</lei>
        <title>BANC OF CALIFORNIA INC COM</title>
        <cusip>05990K106</cusip>
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          <isin value="US05990K1060"/>
          <ticker value="BANC"/>
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        <balance>163298.00000000</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>HARLEY-DAVIDSON INC</name>
        <lei>ZDNAWZWXIKMWI51R2A08</lei>
        <title>HARLEY-DAVIDSON INC COM</title>
        <cusip>412822108</cusip>
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          <isin value="US4128221086"/>
          <ticker value="HOG"/>
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        <balance>308959.00000000</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>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>28909.00000000</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>AGNT INC</name>
        <lei>549300TWVVZC283VEC32</lei>
        <title>AGNT INC COM</title>
        <cusip>30212W100</cusip>
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          <isin value="US30212W1009"/>
          <ticker value="EXPI"/>
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        <balance>131497.00000000</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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        <name>HINGHAM INSTITUTION FOR SAVINGS</name>
        <lei>2549009GDCGUR2T6KU55</lei>
        <title>HINGHAM INSTITUTION FOR SAVINGS COM</title>
        <cusip>433323102</cusip>
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          <isin value="US4333231029"/>
          <ticker value="HIFS"/>
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        <balance>1808.00000000</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>UNIVEST FINANCIAL CORP</name>
        <lei>4WII2HCR8UEWNU03U507</lei>
        <title>UNIVEST FINANCIAL CORP COM</title>
        <cusip>915271100</cusip>
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          <isin value="US9152711001"/>
          <ticker value="UVSP"/>
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        <balance>33921.00000000</balance>
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        <fairValLevel>1</fairValLevel>
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        <name>ARROW FINANCIAL CORP</name>
        <lei>2549007Z8GI9ZZIQ1817</lei>
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        <cusip>042744102</cusip>
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          <isin value="US0427441029"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>FIRST MID BANCSHARES INC</name>
        <lei>N/A</lei>
        <title>FIRST MID BANCSHARES INC COM</title>
        <cusip>320866106</cusip>
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          <isin value="US3208661062"/>
          <ticker value="FMBH"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CHOICEONE FINANCIAL SERVICES INC</name>
        <lei>N/A</lei>
        <title>CHOICEONE FINANCIAL SERVICES INC COM</title>
        <cusip>170386106</cusip>
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          <isin value="US1703861062"/>
          <ticker value="COFS"/>
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        <balance>14796.00000000</balance>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>GCM GROSVENOR INC</name>
        <lei>N/A</lei>
        <title>GCM GROSVENOR INC COM CL A</title>
        <cusip>36831E108</cusip>
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          <isin value="US36831E1082"/>
          <ticker value="GCMG"/>
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        <balance>80533.00000000</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>MYERS INDUSTRIES INC</name>
        <lei>549300I2H9XMVTCW4Q51</lei>
        <title>MYERS INDUSTRIES INC COM</title>
        <cusip>628464109</cusip>
        <identifiers>
          <isin value="US6284641098"/>
          <ticker value="MYE"/>
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        <balance>189973.00000000</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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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PARK NATIONAL CORP</name>
        <lei>984500Q3E941TDF87712</lei>
        <title>PARK NATIONAL CORP COM</title>
        <cusip>700658107</cusip>
        <identifiers>
          <isin value="US7006581075"/>
          <ticker value="PRK"/>
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        <balance>22998.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4208404.02000000</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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        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TRINET GROUP INC</name>
        <lei>5299003FJVBETSFKE990</lei>
        <title>TRINET GROUP INC COM</title>
        <cusip>896288107</cusip>
        <identifiers>
          <isin value="US8962881079"/>
          <ticker value="TNET"/>
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        <balance>90707.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4489089.43000000</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>SANDRIDGE ENERGY INC</name>
        <lei>W1MKPVGS6I5155L7VV67</lei>
        <title>SANDRIDGE ENERGY INC COM NEW</title>
        <cusip>80007P869</cusip>
        <identifiers>
          <isin value="US80007P8692"/>
          <ticker value="SD"/>
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        <balance>187487.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2568571.90000000</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>MILLER INDUSTRIES INC (TENNESSE)</name>
        <lei>549300F1O74SPUJ7UU94</lei>
        <title>MILLER INDUSTRIES INC (TENNESSE) COM NEW</title>
        <cusip>600551204</cusip>
        <identifiers>
          <isin value="US6005512040"/>
          <ticker value="MLR"/>
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        <balance>56322.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2880870.30000000</valUSD>
        <pctVal>0.131803620775</pctVal>
        <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>UNIVERSAL INSURANCE HOLDINGS INC</name>
        <lei>529900GGAZ6WVUCWQM46</lei>
        <title>UNIVERSAL INSURANCE HOLDINGS INC COM</title>
        <cusip>91359V107</cusip>
        <identifiers>
          <isin value="US91359V1070"/>
          <ticker value="UVE"/>
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        <balance>38029.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1572879.44000000</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>
      <invstOrSec>
        <name>FARMLAND PARTNERS INC</name>
        <lei>549300LB188CHPZ4IL37</lei>
        <title>FARMLAND PARTNERS INC COM</title>
        <cusip>31154R109</cusip>
        <identifiers>
          <isin value="US31154R1095"/>
          <ticker value="FPI"/>
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        <balance>45211.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>437642.48000000</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>POWER INTEGRATIONS INC</name>
        <lei>54930085LGXSCIHD5W31</lei>
        <title>POWER INTEGRATIONS INC COM</title>
        <cusip>739276103</cusip>
        <identifiers>
          <isin value="US7392761034"/>
          <ticker value="POWI"/>
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        <balance>133110.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>11149293.60000000</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>UNITED COMMUNITY BANKS INC</name>
        <lei>549300GVW0FV66X3U703</lei>
        <title>UNITED COMMUNITY BANKS INC COM</title>
        <cusip>90984P303</cusip>
        <identifiers>
          <isin value="US90984P3038"/>
          <ticker value="UCB"/>
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        <balance>230698.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8095192.82000000</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>DOUGLAS DYNAMICS INC</name>
        <lei>529900CDFLKNQ0QT6580</lei>
        <title>DOUGLAS DYNAMICS INC COM</title>
        <cusip>25960R105</cusip>
        <identifiers>
          <isin value="US25960R1059"/>
          <ticker value="PLOW"/>
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        <balance>107245.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5785867.75000000</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>OPPENHEIMER HOLDINGS INC (US)</name>
        <lei>N/A</lei>
        <title>OPPENHEIMER HOLDINGS INC (US) CL A NON VTG</title>
        <cusip>683797104</cusip>
        <identifiers>
          <isin value="US6837971042"/>
          <ticker value="OPY"/>
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        <balance>8988.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>948593.52000000</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>AMERICAN STATES WATER COMPANY</name>
        <lei>529900L26LIS2V8PWM23</lei>
        <title>AMERICAN STATES WATER COMPANY COM</title>
        <cusip>029899101</cusip>
        <identifiers>
          <isin value="US0298991011"/>
          <ticker value="AWR"/>
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        <balance>92672.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7657487.36000000</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>CENTERSPACE REAL ESTATE INVESTMENT TRUST</name>
        <lei>5493002LG2SH9EEHT720</lei>
        <title>CENTERSPACE REAL ESTATE INVESTMENT TRUST COM</title>
        <cusip>15202L107</cusip>
        <identifiers>
          <isin value="US15202L1070"/>
          <ticker value="CSR"/>
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        <balance>14786.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>830825.34000000</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>WD-40 COMPANY</name>
        <lei>549300UZHTN0CNKBOB19</lei>
        <title>WD-40 COMPANY COM</title>
        <cusip>929236107</cusip>
        <identifiers>
          <isin value="US9292361071"/>
          <ticker value="WDFC"/>
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        <balance>25634.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6245467.76000000</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>
        <name>REGIONAL MANAGEMENT CORP</name>
        <lei>549300S5O87W87JW4146</lei>
        <title>REGIONAL MANAGEMENT CORP COM</title>
        <cusip>75902K106</cusip>
        <identifiers>
          <isin value="US75902K1060"/>
          <ticker value="RM"/>
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        <balance>13763.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>567035.60000000</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>NATHAN'S FAMOUS INC</name>
        <lei>54930034SKNSF1JIE673</lei>
        <title>NATHAN'S FAMOUS INC COM</title>
        <cusip>632347100</cusip>
        <identifiers>
          <isin value="US6323471002"/>
          <ticker value="NATH"/>
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        <balance>20250.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2057400.00000000</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>OUTFRONT MEDIA INC</name>
        <lei>549300RZWDYU5722I639</lei>
        <title>OUTFRONT MEDIA INC COM NEW</title>
        <cusip>69007J304</cusip>
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          <isin value="US69007J3041"/>
          <ticker value="OUT"/>
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        <balance>569012.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>18640833.12000000</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>GETTY REALTY CORP</name>
        <lei>2549000P1W5SFJWCNP90</lei>
        <title>GETTY REALTY CORP COM</title>
        <cusip>374297109</cusip>
        <identifiers>
          <isin value="US3742971092"/>
          <ticker value="GTY"/>
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        <balance>55434.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1849278.24000000</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>CHEMOURS COMPANY (THE)</name>
        <lei>549300M1BOLNXL8DOV14</lei>
        <title>CHEMOURS COMPANY (THE) COM</title>
        <cusip>163851108</cusip>
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          <isin value="US1638511089"/>
          <ticker value="CC"/>
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        <balance>399836.00000000</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>ESPEY MANIFATCURING &amp; ELECTRONICS CORP</name>
        <lei>N/A</lei>
        <title>ESPEY MANIFATCURING &amp; ELECTRONICS CORP COM</title>
        <cusip>296650104</cusip>
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          <isin value="US2966501049"/>
          <ticker value="ESP"/>
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        <balance>13512.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>910033.20000000</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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      <invstOrSec>
        <name>VSE CORP</name>
        <lei>549300QWJYQDH4U5XI15</lei>
        <title>VSE CORP COM</title>
        <cusip>918284100</cusip>
        <identifiers>
          <isin value="US9182841000"/>
          <ticker value="VSEC"/>
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        <balance>20739.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4738861.50000000</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>HBT FINANCIAL INC</name>
        <lei>549300NTXD4Q6UK5BY66</lei>
        <title>HBT FINANCIAL INC COM</title>
        <cusip>404111106</cusip>
        <identifiers>
          <isin value="US4041111067"/>
          <ticker value="HBT"/>
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        <balance>50324.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1609864.76000000</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>KB HOME</name>
        <lei>549300LGUCWQURMWLG09</lei>
        <title>KB HOME COM</title>
        <cusip>48666K109</cusip>
        <identifiers>
          <isin value="US48666K1097"/>
          <ticker value="KBH"/>
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        <balance>91464.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5724731.76000000</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>HCI GROUP INC</name>
        <lei>549300CZF7EZJH0MPH74</lei>
        <title>HCI GROUP INC COM</title>
        <cusip>40416E103</cusip>
        <identifiers>
          <isin value="US40416E1038"/>
          <ticker value="HCI"/>
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        <balance>10677.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1871144.25000000</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>UNIFIRST CORP</name>
        <lei>5493003XBTNWBC8UK019</lei>
        <title>UNIFIRST CORP COM</title>
        <cusip>904708104</cusip>
        <identifiers>
          <isin value="US9047081040"/>
          <ticker value="UNF"/>
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        <balance>17352.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4588909.92000000</valUSD>
        <pctVal>0.209948689070</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>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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        <balance>483976.00000000</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>
      <invstOrSec>
        <name>UNITED FIRE GROUP INC</name>
        <lei>N/A</lei>
        <title>UNITED FIRE GROUP INC COM</title>
        <cusip>910340108</cusip>
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          <isin value="US9103401082"/>
          <ticker value="UFCS"/>
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        <balance>25791.00000000</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>
      <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>190684.00000000</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>
      <invstOrSec>
        <name>TURNING POINT BRANDS INC</name>
        <lei>549300IYG00QF0VVP302</lei>
        <title>TURNING POINT BRANDS INC COM</title>
        <cusip>90041L105</cusip>
        <identifiers>
          <isin value="US90041L1052"/>
          <ticker value="TPB"/>
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        <balance>20664.00000000</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>MACERICH COMPANY (THE)</name>
        <lei>529900PSWCB5KI0JYU46</lei>
        <title>MACERICH COMPANY (THE) COM</title>
        <cusip>554382101</cusip>
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          <isin value="US5543821012"/>
          <ticker value="MAC"/>
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        <balance>264379.00000000</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>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PHILLIPS EDISON &amp; COMPANY INC</name>
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        <title>PHILLIPS EDISON &amp; COMPANY INC COMMON STOCK</title>
        <cusip>71844V201</cusip>
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          <isin value="US71844V2016"/>
          <ticker value="PECO"/>
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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>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>62618.00000000</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>ORRSTOWN FINANCIAL SERVICES INC</name>
        <lei>5493008IR3FINUFGVM95</lei>
        <title>ORRSTOWN FINANCIAL SERVICES INC COM</title>
        <cusip>687380105</cusip>
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          <isin value="US6873801053"/>
          <ticker value="ORRF"/>
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        <balance>31268.00000000</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>BATH &amp; BODY WORKS INC</name>
        <lei>GR3KVMWVCR54YWQNXU90</lei>
        <title>BATH &amp; BODY WORKS INC COM</title>
        <cusip>070830104</cusip>
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          <isin value="US0708301041"/>
          <ticker value="BBWI"/>
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        <balance>675701.00000000</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>STEVEN MADDEN LTD</name>
        <lei>549300Z9GZ7GYJWSGF43</lei>
        <title>STEVEN MADDEN LTD COM</title>
        <cusip>556269108</cusip>
        <identifiers>
          <isin value="US5562691080"/>
          <ticker value="SHOO"/>
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        <balance>129929.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5470010.90000000</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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      <invstOrSec>
        <name>FIDELITY D &amp; D BANCORP INC</name>
        <lei>N/A</lei>
        <title>FIDELITY D &amp; D BANCORP INC COM</title>
        <cusip>31609R100</cusip>
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          <isin value="US31609R1005"/>
          <ticker value="FDBC"/>
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        <balance>4024.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>206914.08000000</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>ROCKY BRANDS INC</name>
        <lei>5299004HQ6GCTW838N96</lei>
        <title>ROCKY BRANDS INC COM</title>
        <cusip>774515100</cusip>
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          <isin value="US7745151008"/>
          <ticker value="RCKY"/>
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        <balance>39635.00000000</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>GLOBAL INDUSTRIAL COMPANY</name>
        <lei>5493000GO8Z3HEWCGE46</lei>
        <title>GLOBAL INDUSTRIAL COMPANY COM</title>
        <cusip>37892E102</cusip>
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          <isin value="US37892E1029"/>
          <ticker value="GIC"/>
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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>ACADEMY SPORTS AND OUTDOORS INC</name>
        <lei>529900HST589BD301M91</lei>
        <title>ACADEMY SPORTS AND OUTDOORS INC COM</title>
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          <isin value="US00402L1070"/>
          <ticker value="ASO"/>
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        <balance>79209.00000000</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>CONNECTONE BANCORP INC</name>
        <lei>549300E2M5ZYAZKUK134</lei>
        <title>CONNECTONE BANCORP INC COM</title>
        <cusip>20786W107</cusip>
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          <isin value="US20786W1071"/>
          <ticker value="CNOB"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>HOOKER FURNISHINGS CORP</name>
        <lei>N/A</lei>
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        <cusip>439038100</cusip>
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          <isin value="US4390381006"/>
          <ticker value="HOFT"/>
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        <fairValLevel>1</fairValLevel>
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        <name>KULICKE AND SOFFA INDUSTRIES INC</name>
        <lei>529900H6BEIRBF429744</lei>
        <title>KULICKE AND SOFFA INDUSTRIES INC COM</title>
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          <isin value="US5012421013"/>
          <ticker value="KLIC"/>
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        <name>OIL-DRI CORP OF AMERICA</name>
        <lei>549300RSG5KPUH16WH66</lei>
        <title>OIL-DRI CORP OF AMERICA COM</title>
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          <isin value="US6778641000"/>
          <ticker value="ODC"/>
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        <fairValLevel>1</fairValLevel>
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        <name>ALICO INC</name>
        <lei>N/A</lei>
        <title>ALICO INC COM</title>
        <cusip>016230104</cusip>
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          <ticker value="ALCO"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <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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        <fairValLevel>1</fairValLevel>
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        <name>TFS FINANCIAL CORP</name>
        <lei>N/A</lei>
        <title>TFS FINANCIAL CORP COM</title>
        <cusip>87240R107</cusip>
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          <ticker value="TFSL"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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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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        <balance>42106.00000000</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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        <name>SCOTTS MIRACLE-GRO COMPANY (THE)</name>
        <lei>2TH9E0JTOUXOEGI2R879</lei>
        <title>SCOTTS MIRACLE-GRO COMPANY (THE) CL A</title>
        <cusip>810186106</cusip>
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          <ticker value="SMG"/>
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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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        <name>FRIEDMAN INDUSTRIES INC</name>
        <lei>549300VI5ADYNC8C3G47</lei>
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          <ticker value="FRD"/>
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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>UNIVERSAL CORP</name>
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          <isin value="US9134561094"/>
          <ticker value="UVV"/>
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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>GENIE ENERGY LTD</name>
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          <ticker value="GNE"/>
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        <valUSD>1831060.65000000</valUSD>
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        <fairValLevel>1</fairValLevel>
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        <name>MARCUS CORP (THE)</name>
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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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        <name>FUTUREFUEL CORP</name>
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        <valUSD>889884.04000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>PHINIA INC</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>SOUTHERN MISSOURI BANCORP INC</name>
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          <isin value="US8433801060"/>
          <ticker value="SMBC"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>EMPIRE STATE REALTY TRUST INC</name>
        <lei>549300VOKY1DUEQSB456</lei>
        <title>EMPIRE STATE REALTY TRUST INC CL A</title>
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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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          <ticker value="MGY"/>
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        <valUSD>9914296.40000000</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>PERDOCEO EDUCATION CORP</name>
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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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      </invstOrSec>
      <invstOrSec>
        <name>U.S. PHYSICAL THERAPY INC</name>
        <lei>529900KL1UXQYFIOMY96</lei>
        <title>U.S. PHYSICAL THERAPY INC COM</title>
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          <isin value="US90337L1089"/>
          <ticker value="USPH"/>
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        <curCd>USD</curCd>
        <valUSD>3153922.96000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <loanByFundCondition isLoanByFund="Y" loanVal="1064127.92000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>FIRST BANCORP</name>
        <lei>N/A</lei>
        <title>FIRST BANCORP COM</title>
        <cusip>318910106</cusip>
        <identifiers>
          <isin value="US3189101062"/>
          <ticker value="FBNC"/>
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        <balance>39233.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2508165.69000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>AVIENT CORP</name>
        <lei>SM8L9RZYIB34LNTWO040</lei>
        <title>AVIENT CORP COM</title>
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          <isin value="US05368V1061"/>
          <ticker value="AVNT"/>
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        <balance>275231.00000000</balance>
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        <valUSD>10172537.76000000</valUSD>
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        <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>
      <invstOrSec>
        <name>AMERICOLD REALTY TRUST INC</name>
        <lei>894500O3S3W62PQPO460</lei>
        <title>AMERICOLD REALTY TRUST INC COM</title>
        <cusip>03064D108</cusip>
        <identifiers>
          <isin value="US03064D1081"/>
          <ticker value="COLD"/>
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        <balance>962340.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>15127984.80000000</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>
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        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2026-08-28</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>
  <documents>XXXX</documents>
</edgarSubmission>
