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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>Day One Biopharmaceuticals Inc.</name>
        <lei>N/A</lei>
        <title>Day One Biopharmaceuticals Inc </title>
        <cusip>23954D109</cusip>
        <identifiers>
          <isin value="US23954D1090"/>
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        <balance>14949.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>112266.99000000</valUSD>
        <pctVal>0.390373270707</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>Easterly Government Properties Inc</name>
        <lei>549300ERMCEFC6S8HL77</lei>
        <title>Easterly Government Properties, Inc. </title>
        <cusip>27616P301</cusip>
        <identifiers>
          <isin value="US27616P3010"/>
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        <balance>10202.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>233523.78000000</valUSD>
        <pctVal>0.812005753308</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>Avadel Pharmaceuticals PLC</name>
        <lei>549300E27PTSG2RHC762</lei>
        <title>Avadel Pharmaceuticals PLC </title>
        <cusip>G29687103</cusip>
        <identifiers>
          <isin value="IE00BDGMC594"/>
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        <balance>20155.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>297487.80000000</valUSD>
        <pctVal>1.034420585085</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Helios Technologies Inc</name>
        <lei>5493000BCJSMIDRNTI78</lei>
        <title>Helios Technologies, Inc. </title>
        <cusip>42328H109</cusip>
        <identifiers>
          <isin value="US42328H1095"/>
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        <balance>6725.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>364764.00000000</valUSD>
        <pctVal>1.268352484701</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>Trinity Capital Inc.</name>
        <lei>549300YGT4SBRQYDVU48</lei>
        <title>Trinity Capital Inc </title>
        <cusip>896442308</cusip>
        <identifiers>
          <isin value="US8964423086"/>
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        <balance>13187.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>213629.40000000</valUSD>
        <pctVal>0.742829282207</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</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>Gentherm Inc</name>
        <lei>HKM6YX1U5JS60TCUB219</lei>
        <title>Gentherm, Inc. </title>
        <cusip>37253A103</cusip>
        <identifiers>
          <isin value="US37253A1034"/>
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        <balance>4568.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>167965.36000000</valUSD>
        <pctVal>0.584046895252</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>Legacy Education Inc</name>
        <lei>N/A</lei>
        <title>Legacy Education Inc </title>
        <cusip>52474R207</cusip>
        <identifiers>
          <isin value="US52474R2076"/>
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        <balance>22166.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>267321.96000000</valUSD>
        <pctVal>0.929528331143</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>Apogee Therapeutics Inc.</name>
        <lei>N/A</lei>
        <title>Apogee Therapeutics Inc </title>
        <cusip>03770N101</cusip>
        <identifiers>
          <isin value="US03770N1019"/>
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        <balance>4446.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>161701.02000000</valUSD>
        <pctVal>0.562264616288</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>Carter Bankshares Inc.</name>
        <lei>549300SO0M022D8D8358</lei>
        <title>Carter Bankshares Inc. </title>
        <cusip>146103106</cusip>
        <identifiers>
          <isin value="US1461031064"/>
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        <balance>12940.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>251812.40000000</valUSD>
        <pctVal>0.875598697290</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>Kornit Digital Limited</name>
        <lei>5299006DPCQWP3VTFK34</lei>
        <title>Kornit Digital Ltd. </title>
        <cusip>M6372Q113</cusip>
        <identifiers>
          <isin value="IL0011216723"/>
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        <balance>7118.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>106342.92000000</valUSD>
        <pctVal>0.369774174020</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
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      <invstOrSec>
        <name>Orion Group Holdings Inc</name>
        <lei>549300KBVXPV9Q3CT222</lei>
        <title>Orion Group Holdings, Inc. </title>
        <cusip>68628V308</cusip>
        <identifiers>
          <isin value="US68628V3087"/>
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        <balance>20466.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>151448.40000000</valUSD>
        <pctVal>0.526614343641</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>Third Coast Bancshares Inc.</name>
        <lei>N/A</lei>
        <title>Third Coast Bancshares Inc. </title>
        <cusip>88422P109</cusip>
        <identifiers>
          <isin value="US88422P1093"/>
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        <balance>14073.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>560527.59000000</valUSD>
        <pctVal>1.949059012183</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>PowerFleet Inc.</name>
        <lei>2549007NKEFPYEH4MF81</lei>
        <title>Powerfleet Inc NJ </title>
        <cusip>73931J109</cusip>
        <identifiers>
          <isin value="US73931J1097"/>
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        <balance>53786.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>251180.62000000</valUSD>
        <pctVal>0.873401880354</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>CRA International Inc.</name>
        <lei>N/A</lei>
        <title>CRA International, Inc. </title>
        <cusip>12618T105</cusip>
        <identifiers>
          <isin value="US12618T1051"/>
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        <balance>622.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>120518.72000000</valUSD>
        <pctVal>0.419066075503</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>CommScope Holding Co Inc.</name>
        <lei>254900AW4CEPCQWSRI58</lei>
        <title>CommScope Holding Co., Inc. </title>
        <cusip>20337X109</cusip>
        <identifiers>
          <isin value="US20337X1090"/>
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        <balance>17513.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>280908.52000000</valUSD>
        <pctVal>0.976771335207</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>American Superconductor Corp.</name>
        <lei>549300S9YT8Z8LOK4452</lei>
        <title>American Superconductor Corp. </title>
        <cusip>030111207</cusip>
        <identifiers>
          <isin value="US0301112076"/>
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        <balance>2330.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>116267.00000000</valUSD>
        <pctVal>0.404282051788</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>Silicon Motion Technology Corp.</name>
        <lei>5299005RBVBZQJTYFC89</lei>
        <title>Silicon Motion Technology Corp. </title>
        <cusip>82706C108</cusip>
        <identifiers>
          <isin value="US82706C1080"/>
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        <balance>2192.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>174658.56000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Nature's Sunshine Products Inc.</name>
        <lei>N/A</lei>
        <title>NATURE'S SUNSHINE PRODUCTS, INC. </title>
        <cusip>639027101</cusip>
        <identifiers>
          <isin value="US6390271012"/>
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        <balance>22582.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>380506.70000000</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>Custom Truck One Source Inc</name>
        <lei>N/A</lei>
        <title>Custom Truck One Source, Inc. </title>
        <cusip>23204X103</cusip>
        <identifiers>
          <isin value="US23204X1037"/>
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        <balance>10617.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>65188.38000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Albany International Corp.</name>
        <lei>L73WCPNCZIRSQGZTW097</lei>
        <title>Albany International Corp. </title>
        <cusip>012348108</cusip>
        <identifiers>
          <isin value="US0123481089"/>
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        <balance>3827.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>243052.77000000</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>Magnite Inc</name>
        <lei>54930018FR2YX1HHSB02</lei>
        <title>Magnite, Inc. </title>
        <cusip>55955D100</cusip>
        <identifiers>
          <isin value="US55955D1000"/>
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        <balance>6327.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>164185.65000000</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>Puma Biotechnology Inc</name>
        <lei>N/A</lei>
        <title>Puma Biotechnology, Inc. </title>
        <cusip>74587V107</cusip>
        <identifiers>
          <isin value="US74587V1070"/>
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        <balance>35726.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>180059.04000000</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>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Lending Club Corporation</name>
        <lei>549300YC50YO7Y1OJR92</lei>
        <title>LendingClub Corp. </title>
        <cusip>52603A208</cusip>
        <identifiers>
          <isin value="US52603A2087"/>
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        <balance>9306.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>159877.08000000</valUSD>
        <pctVal>0.555922436602</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>Wave Life Sciences Ltd.</name>
        <lei>54930070006GPKFYZ813</lei>
        <title>WaVe Life Sciences Ltd. </title>
        <cusip>Y95308105</cusip>
        <identifiers>
          <isin value="SG9999014716"/>
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        <balance>9826.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>94329.60000000</valUSD>
        <pctVal>0.328001618966</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Exagen Inc</name>
        <lei>549300JV2CYDOME5OO17</lei>
        <title>Exagen Inc </title>
        <cusip>30068X103</cusip>
        <identifiers>
          <isin value="US30068X1037"/>
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        <balance>25747.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>253865.42000000</valUSD>
        <pctVal>0.882737430877</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>Healthcare Services Group Inc.</name>
        <lei>529900GVZ1D2FBYMS719</lei>
        <title>Healthcare Services Group, Inc. </title>
        <cusip>421906108</cusip>
        <identifiers>
          <isin value="US4219061086"/>
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        <balance>15838.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>247231.18000000</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>FB Financial Corp.</name>
        <lei>5493000B2LD2C2A6C435</lei>
        <title>FB Financial Corp </title>
        <cusip>30257X104</cusip>
        <identifiers>
          <isin value="US30257X1046"/>
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        <balance>15081.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>809548.08000000</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>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Red Violet Inc</name>
        <lei>549300T4EGADG881UU63</lei>
        <title>Red Violet Inc </title>
        <cusip>75704L104</cusip>
        <identifiers>
          <isin value="US75704L1044"/>
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        <balance>8336.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>418800.64000000</valUSD>
        <pctVal>1.456247963994</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>Audioeye Inc</name>
        <lei>N/A</lei>
        <title>AudioEye Inc </title>
        <cusip>050734201</cusip>
        <identifiers>
          <isin value="US0507342014"/>
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        <balance>11200.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>143920.00000000</valUSD>
        <pctVal>0.500436692212</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>Solaris Energy Infrastructure Inc</name>
        <lei>529900MTK3C8Y8TIIC10</lei>
        <title>Solaris Energy Infrastructure, Inc. </title>
        <cusip>83418M103</cusip>
        <identifiers>
          <isin value="US83418M1036"/>
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        <balance>8194.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>258848.46000000</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>Penguin Solutions Inc</name>
        <lei>529900RDGHQY8XKXPN14</lei>
        <title>Penguin Solutions, Inc. </title>
        <cusip>706915105</cusip>
        <identifiers>
          <isin value="US7069151055"/>
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        <balance>8913.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>215070.69000000</valUSD>
        <pctVal>0.747840916449</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>Chefs Warehouse Inc.</name>
        <lei>549300JYEDC8C547E980</lei>
        <title>Chefs' Warehouse, Inc./The </title>
        <cusip>163086101</cusip>
        <identifiers>
          <isin value="US1630861011"/>
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        <balance>7099.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>448230.86000000</valUSD>
        <pctVal>1.558582329946</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>OptimizeRx Corp.</name>
        <lei>N/A</lei>
        <title>OptimizeRx Corp </title>
        <cusip>68401U204</cusip>
        <identifiers>
          <isin value="US68401U2042"/>
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        <balance>16248.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>293601.36000000</valUSD>
        <pctVal>1.020906708084</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>Titan International, Inc.</name>
        <lei>254900CXRGBE7C4B5A06</lei>
        <title>Titan International, Inc. </title>
        <cusip>88830M102</cusip>
        <identifiers>
          <isin value="US88830M1027"/>
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        <balance>8652.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>76310.64000000</valUSD>
        <pctVal>0.265346333117</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>Immunome Inc</name>
        <lei>N/A</lei>
        <title>Immunome Inc </title>
        <cusip>45257U108</cusip>
        <identifiers>
          <isin value="US45257U1088"/>
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        <balance>15239.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>144922.89000000</valUSD>
        <pctVal>0.503923927858</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>Inspired Entertainment Inc.</name>
        <lei>549300ZUGYK6NBIU6D69</lei>
        <title>Inspired Entertainment Inc </title>
        <cusip>45782N108</cusip>
        <identifiers>
          <isin value="US45782N1081"/>
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        <balance>12454.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>115822.20000000</valUSD>
        <pctVal>0.402735399199</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>Horizon Bancorp Inc.</name>
        <lei>549300U2OQ2EIT5MXG39</lei>
        <title>Horizon Bancorp </title>
        <cusip>440407104</cusip>
        <identifiers>
          <isin value="US4404071049"/>
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        <balance>3468.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>58470.48000000</valUSD>
        <pctVal>0.203312768227</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>Axcelis Technologies Inc.</name>
        <lei>529900HF9B6NL1QG9F05</lei>
        <title>Axcelis Technologies, Inc. </title>
        <cusip>054540208</cusip>
        <identifiers>
          <isin value="US0545402085"/>
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        <balance>2192.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>175447.68000000</valUSD>
        <pctVal>0.610064317923</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>James River Group Holdings Ltd.</name>
        <lei>N/A</lei>
        <title>James River Group Holdings, Ltd. </title>
        <cusip>G5005R107</cusip>
        <identifiers>
          <isin value="BMG5005R1079"/>
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        <balance>15686.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>88155.32000000</valUSD>
        <pctVal>0.306532495426</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Aehr Test Systems Inc.</name>
        <lei>529900A4GWWZFRU2RE97</lei>
        <title>AEHR TEST SYSTEMS </title>
        <cusip>00760J108</cusip>
        <identifiers>
          <isin value="US00760J1088"/>
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        <balance>7888.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>196805.60000000</valUSD>
        <pctVal>0.684329790667</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>Praxis Precision Medicines Inc</name>
        <lei>N/A</lei>
        <title>Praxis Precision Medicines Inc </title>
        <cusip>74006W207</cusip>
        <identifiers>
          <isin value="US74006W2070"/>
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        <balance>1587.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>72271.98000000</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>Universal Technical Institute, Inc.</name>
        <lei>2549003YOJGAZ0PVFV48</lei>
        <title>Universal Technical Institute Inc </title>
        <cusip>913915104</cusip>
        <identifiers>
          <isin value="US9139151040"/>
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        <balance>11773.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>313044.07000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Asure Software Inc</name>
        <lei>N/A</lei>
        <title>ASURE SOFTWARE, INC </title>
        <cusip>04649U102</cusip>
        <identifiers>
          <isin value="US04649U1025"/>
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        <balance>19618.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>164791.20000000</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>Helix Energy Solutions Group, Inc.</name>
        <lei>416AP2JOUTCWEGSOZW41</lei>
        <title>Helix Energy Solutions Group, Inc. </title>
        <cusip>42330P107</cusip>
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          <isin value="US42330P1075"/>
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        <balance>23081.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>152103.79000000</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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      <invstOrSec>
        <name>iShares Trust</name>
        <lei>5493000860OXIC4B5K91</lei>
        <title>iShares Micro-Cap ETF </title>
        <cusip>464288869</cusip>
        <identifiers>
          <isin value="US4642888691"/>
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        <balance>914.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>130089.62000000</valUSD>
        <pctVal>0.452345880516</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</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>VSE Corp.</name>
        <lei>549300QWJYQDH4U5XI15</lei>
        <title>VSE CORPORATION </title>
        <cusip>918284100</cusip>
        <identifiers>
          <isin value="US9182841000"/>
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        <balance>636.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>103286.40000000</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>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Stoneridge Inc.</name>
        <lei>PNBCIH9LE7WI83VJIF08</lei>
        <title>Stoneridge, Inc. </title>
        <cusip>86183P102</cusip>
        <identifiers>
          <isin value="US86183P1021"/>
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        <balance>8551.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>70973.30000000</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>Crawford &amp; Co</name>
        <lei>7TZZFJ2GPOGLWIKIXY82</lei>
        <title>Crawford &amp; Co </title>
        <cusip>224633206</cusip>
        <identifiers>
          <isin value="US2246332066"/>
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        <balance>25829.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>279986.36000000</valUSD>
        <pctVal>0.973564812833</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>Aldeyra Therapeutics Inc</name>
        <lei>529900HGKY864E4Y9014</lei>
        <title>Aldeyra Therapeutics Inc </title>
        <cusip>01438T106</cusip>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Tiptree Inc.</name>
        <lei>N/A</lei>
        <title>TIPTREE FINANCIAL INC. </title>
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          <isin value="US88822Q1031"/>
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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>Thryv Holdings Inc.</name>
        <lei>N/A</lei>
        <title>Thryv Holdings Inc </title>
        <cusip>886029206</cusip>
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          <isin value="US8860292064"/>
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        <balance>11991.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Oruka Therapeutics Inc</name>
        <lei>529900TG7O4ESUDMGI54</lei>
        <title>Oruka Therapeutics Inc </title>
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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>Quest Resource Holding Corporation</name>
        <lei>54930088J62L2GTB0F58</lei>
        <title>Quest Resource Holding Corp </title>
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          <isin value="US74836W2035"/>
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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>First American Funds Inc.</name>
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        <title>First American Treasury Obligations Fund </title>
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          <isin value="US31846V3289"/>
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        <balance>1645628.74000000</balance>
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        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>US Physical Therapy Inc</name>
        <lei>529900KL1UXQYFIOMY96</lei>
        <title>US Physical Therapy, Inc. </title>
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          <isin value="US90337L1089"/>
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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>Maxcyte Inc</name>
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        <title>MaxCyte Inc </title>
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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>Evolent Health, Inc.</name>
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        <title>Evolent Health, Inc. </title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Riley Exploration Permian Inc.</name>
        <lei>5493008CUBI02XP43Q95</lei>
        <title>Riley Exploration Permian Inc </title>
        <cusip>76665T102</cusip>
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          <isin value="US76665T1025"/>
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        <balance>8592.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Ovid Therapeutics Inc</name>
        <lei>549300H36NUI4L6U8F17</lei>
        <title>Ovid therapeutics Inc </title>
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          <isin value="US6904691010"/>
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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>Perella Weinberg Partners</name>
        <lei>N/A</lei>
        <title>Perella Weinberg Partners </title>
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          <isin value="US71367G1022"/>
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        <balance>5582.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Adaptive Biotechnologies Corp</name>
        <lei>549300ZTF7OT1FW66Q96</lei>
        <title>Adaptive Biotechnologies Corp. </title>
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          <isin value="US00650F1093"/>
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        <balance>24001.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Hillman Solutions Corp</name>
        <lei>N/A</lei>
        <title>Hillman Solutions Corp. </title>
        <cusip>431636109</cusip>
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          <isin value="US4316361090"/>
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        <balance>25177.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Acuren Corporation</name>
        <lei>N/A</lei>
        <title>Acuren Corp. </title>
        <cusip>00510N102</cusip>
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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>Abacus Global Management Inc.</name>
        <lei>N/A</lei>
        <title>Abacus Life Inc </title>
        <cusip>00258Y104</cusip>
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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>Thermon Group Holdings Inc</name>
        <lei>529900ZNZBBLDE77MZ38</lei>
        <title>THERMON GROUP HOLDINGS </title>
        <cusip>88362T103</cusip>
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          <isin value="US88362T1034"/>
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        <balance>6574.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Plymouth Industrial REIT Inc.</name>
        <lei>N/A</lei>
        <title>Plymouth Industrial REIT Inc. </title>
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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>Werner Enterprises Inc.</name>
        <lei>549300P6XRGOCHHJST37</lei>
        <title>Werner Enterprises </title>
        <cusip>950755108</cusip>
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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>Cogent Biosciences Inc.</name>
        <lei>N/A</lei>
        <title>Cogent Biosciences, Inc. </title>
        <cusip>19240Q201</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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          <isCashCollateral>N</isCashCollateral>
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        <name>QCR Holdings Inc.</name>
        <lei>549300MWKWM7KWJVQO33</lei>
        <title>QCR Holdings, Inc. </title>
        <cusip>74727A104</cusip>
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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>Investar Holding Corp</name>
        <lei>54930001EK2YM28LOJ08</lei>
        <title>Investar Holding Corp. </title>
        <cusip>46134L105</cusip>
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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>Kelly Services Inc</name>
        <lei>25490035B2ZPL6RM1974</lei>
        <title>Kelly Services, Inc. </title>
        <cusip>488152208</cusip>
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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>Arvinas Inc</name>
        <lei>N/A</lei>
        <title>Arvinas, Inc. </title>
        <cusip>04335A105</cusip>
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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>LSB Industries Inc</name>
        <lei>5493001H215A0HG0MI71</lei>
        <title>LSB Industries, Inc. </title>
        <cusip>502160104</cusip>
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        <balance>16708.00000000</balance>
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        <valUSD>139010.56000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CTO Realty Growth Inc New</name>
        <lei>N/A</lei>
        <title>CTO Realty Growth Inc. </title>
        <cusip>22948Q101</cusip>
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          <isin value="US22948Q1013"/>
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        <balance>11109.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>191963.52000000</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>Oportun Financial Corp.</name>
        <lei>549300351Y4J4FKIOR78</lei>
        <title>Oportun Financial Corp. </title>
        <cusip>68376D104</cusip>
        <identifiers>
          <isin value="US68376D1046"/>
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        <balance>37451.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>247551.11000000</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>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>First Financial Corp.</name>
        <lei>N/A</lei>
        <title>First Financial Corp. </title>
        <cusip>320218100</cusip>
        <identifiers>
          <isin value="US3202181000"/>
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        <balance>2521.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>148739.00000000</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>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Minerals Technologies Inc.</name>
        <lei>549300D3I1QU67GP6403</lei>
        <title>Minerals Technologies, Inc. </title>
        <cusip>603158106</cusip>
        <identifiers>
          <isin value="US6031581068"/>
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        <balance>2450.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>160352.50000000</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 </title>
        <cusip>66405S100</cusip>
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          <isin value="US66405S1006"/>
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        <balance>6214.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>687019.84000000</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>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>LSI Industries Inc.</name>
        <lei>529900HY42OANH6BVT33</lei>
        <title>LSI INDUSTRIES INC. </title>
        <cusip>50216C108</cusip>
        <identifiers>
          <isin value="US50216C1080"/>
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        <balance>4478.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>102680.54000000</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>Coastal Financial Corp.</name>
        <lei>549300XG5L36T6IU0B47</lei>
        <title>Coastal Financial Corp/WA </title>
        <cusip>19046P209</cusip>
        <identifiers>
          <isin value="US19046P2092"/>
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        <balance>1673.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>191558.50000000</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>MRC Global Inc</name>
        <lei>529900TSBPOLCLI2L582</lei>
        <title>MRC Global, Inc. </title>
        <cusip>55345K103</cusip>
        <identifiers>
          <isin value="US55345K1034"/>
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        <balance>28044.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>422903.52000000</valUSD>
        <pctVal>1.470514443258</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>Magnachip Semiconductor Corp.</name>
        <lei>529900P54J1ATLRBUV29</lei>
        <title>Magnachip Semiconductor Corp. </title>
        <cusip>55933J203</cusip>
        <identifiers>
          <isin value="US55933J2033"/>
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        <balance>10397.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>32750.55000000</valUSD>
        <pctVal>0.113879772860</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Health Catalyst Inc.</name>
        <lei>549300223PL6GWKVJG92</lei>
        <title>Health Catalyst Inc </title>
        <cusip>42225T107</cusip>
        <identifiers>
          <isin value="US42225T1079"/>
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        <balance>33933.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>115032.87000000</valUSD>
        <pctVal>0.399990751518</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>Delcath Systems Inc.</name>
        <lei>549300NVPLITUM6URT02</lei>
        <title>Delcath Systems Inc </title>
        <cusip>24661P807</cusip>
        <identifiers>
          <isin value="US24661P8077"/>
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        <balance>19958.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>219937.16000000</valUSD>
        <pctVal>0.764762540612</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>Mid Penn Bancorp Inc.</name>
        <lei>N/A</lei>
        <title>Mid Penn Bancorp, Inc. </title>
        <cusip>59540G107</cusip>
        <identifiers>
          <isin value="US59540G1076"/>
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        <balance>4553.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>137227.42000000</valUSD>
        <pctVal>0.477165342868</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>Lifevantage Corp</name>
        <lei>5493001Z5YYT109QZ980</lei>
        <title>LIFEVANTAGE CORPORATION </title>
        <cusip>53222K205</cusip>
        <identifiers>
          <isin value="US53222K2050"/>
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        <balance>5606.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>73438.60000000</valUSD>
        <pctVal>0.255359714179</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>Capital Bancorp Inc.</name>
        <lei>549300LQKYGWQ7VP0C75</lei>
        <title>Capital Bancorp Inc </title>
        <cusip>139737100</cusip>
        <identifiers>
          <isin value="US1397371006"/>
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        <balance>13114.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>445744.86000000</valUSD>
        <pctVal>1.549938044115</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>Neogen Corp</name>
        <lei>549300HJT9FC36N4UW43</lei>
        <title>Neogen Corp. </title>
        <cusip>640491106</cusip>
        <identifiers>
          <isin value="US6404911066"/>
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        <balance>38570.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>221777.50000000</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>AZZ Inc</name>
        <lei>549300HD1X2NFLWPYC83</lei>
        <title>AZZ, Inc. </title>
        <cusip>002474104</cusip>
        <identifiers>
          <isin value="US0024741045"/>
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        <balance>1096.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>123727.44000000</valUSD>
        <pctVal>0.430223393618</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 Corporation</name>
        <lei>75G1WUQ8QK4P5MZOYD78</lei>
        <title>TriMas Corp. </title>
        <cusip>896215209</cusip>
        <identifiers>
          <isin value="US8962152091"/>
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        <balance>19869.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>768334.23000000</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>AdaptHealth Corporation</name>
        <lei>N/A</lei>
        <title>AdaptHealth Corp </title>
        <cusip>00653Q102</cusip>
        <identifiers>
          <isin value="US00653Q1022"/>
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        <balance>36828.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>349497.72000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>KEY Tronic Corp</name>
        <lei>40TF3VPKEM3IMMIU0O47</lei>
        <title>KEY Tronic Corp. </title>
        <cusip>493144109</cusip>
        <identifiers>
          <isin value="US4931441095"/>
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        <balance>13876.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>40517.92000000</valUSD>
        <pctVal>0.140888367566</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>Sunopta Inc</name>
        <lei>54930010CP0KEPPRPA40</lei>
        <title>SunOpta, Inc. </title>
        <cusip>8676EP108</cusip>
        <identifiers>
          <isin value="CA8676EP1086"/>
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        <balance>41396.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>259552.92000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Artivion Inc</name>
        <lei>549300YTKV8DMSMG6K81</lei>
        <title>Artivion Inc </title>
        <cusip>228903100</cusip>
        <identifiers>
          <isin value="US2289031005"/>
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        <balance>18753.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>823819.29000000</valUSD>
        <pctVal>2.864573377351</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>Bioventus Inc.</name>
        <lei>N/A</lei>
        <title>Bioventus, Inc. </title>
        <cusip>09075A108</cusip>
        <identifiers>
          <isin value="US09075A1088"/>
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        <balance>20659.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>152876.60000000</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>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Insteel Industries Inc.</name>
        <lei>52990026LKY4MOX3L174</lei>
        <title>Insteel Industries, Inc. </title>
        <cusip>45774W108</cusip>
        <identifiers>
          <isin value="US45774W1080"/>
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        <balance>4666.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>179081.08000000</valUSD>
        <pctVal>0.622698327633</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>TruBridge, Inc.</name>
        <lei>5493005Q6CJC78TGL805</lei>
        <title>Computer Programs &amp; Systems, Inc. </title>
        <cusip>205306103</cusip>
        <identifiers>
          <isin value="US2053061030"/>
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        <balance>9372.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>187065.12000000</valUSD>
        <pctVal>0.650460324354</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>Versabank New</name>
        <lei>549300RUBSDFVNCR7415</lei>
        <title>VersaBank </title>
        <cusip>92512J106</cusip>
        <identifiers>
          <isin value="CA92512J1066"/>
        </identifiers>
        <balance>7711.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>84589.67000000</valUSD>
        <pctVal>0.294134065106</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>Annexon Inc</name>
        <lei>N/A</lei>
        <title>Annexon Inc </title>
        <cusip>03589W102</cusip>
        <identifiers>
          <isin value="US03589W1027"/>
        </identifiers>
        <balance>18346.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>37792.76000000</valUSD>
        <pctVal>0.131412477793</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>Upbound Group Inc</name>
        <lei>529900QUHE15UQNCCJ63</lei>
        <title>Upbound Group, Inc. </title>
        <cusip>76009N100</cusip>
        <identifiers>
          <isin value="US76009N1000"/>
        </identifiers>
        <balance>3590.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>91221.90000000</valUSD>
        <pctVal>0.317195566240</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>Chatham Lodging Trust</name>
        <lei>N/A</lei>
        <title>Chatham Lodging Trust </title>
        <cusip>16208T102</cusip>
        <identifiers>
          <isin value="US16208T1025"/>
        </identifiers>
        <balance>39575.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>301957.25000000</valUSD>
        <pctVal>1.049961696633</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>Origin Bancorp Inc</name>
        <lei>54930055DO2Z4KO3NB45</lei>
        <title>Origin Bancorp Inc </title>
        <cusip>68621T102</cusip>
        <identifiers>
          <isin value="US68621T1025"/>
        </identifiers>
        <balance>6502.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>252862.78000000</valUSD>
        <pctVal>0.879251064527</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>Mind Technology Inc</name>
        <lei>549300JBV7RJ5ZY83U38</lei>
        <title>MIND Technology, Inc. </title>
        <cusip>602566309</cusip>
        <identifiers>
          <isin value="US6025663096"/>
        </identifiers>
        <balance>9836.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>99540.32000000</valUSD>
        <pctVal>0.346120264609</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NewAmsterdam Pharma Company NV</name>
        <lei>984500B6549TF6E14D36</lei>
        <title>Newamsterdam Pharma Co NV </title>
        <cusip>N62509109</cusip>
        <identifiers>
          <isin value="NL00150012L7"/>
        </identifiers>
        <balance>3764.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>90524.20000000</valUSD>
        <pctVal>0.314769533165</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>Simmons First National Corp</name>
        <lei>549300IVR5AJKUVOGN05</lei>
        <title>Simmons First National Corp. </title>
        <cusip>828730200</cusip>
        <identifiers>
          <isin value="US8287302009"/>
        </identifiers>
        <balance>10554.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>219312.12000000</valUSD>
        <pctVal>0.762589159914</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>Rev Group Inc</name>
        <lei>549300SRD0SIG5ZZ3X20</lei>
        <title>REV Group, Inc. </title>
        <cusip>749527107</cusip>
        <identifiers>
          <isin value="US7495271071"/>
        </identifiers>
        <balance>8141.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>433182.61000000</valUSD>
        <pctVal>1.506256757034</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>Oil States International, Inc.</name>
        <lei>5493004TF4KQJGMYL777</lei>
        <title>Oil States International, Inc. </title>
        <cusip>678026105</cusip>
        <identifiers>
          <isin value="US6780261052"/>
        </identifiers>
        <balance>24524.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>137334.40000000</valUSD>
        <pctVal>0.477537332288</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>California BanCorp</name>
        <lei>549300Z6CP542EI9L684</lei>
        <title>Southern California Bancorp </title>
        <cusip>84252A106</cusip>
        <identifiers>
          <isin value="US84252A1060"/>
        </identifiers>
        <balance>14116.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>237713.44000000</valUSD>
        <pctVal>0.826573982824</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2025-08-31</ncom:dateSigned>
      <ncom:nameOfApplicant>Exchange Place Advisors Trust</ncom:nameOfApplicant>
      <ncom:signature>Zachary Richmond</ncom:signature>
      <ncom:signerName>Zachary Richmond</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
