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        <valUSD>173201.70000000</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>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Ichor Holdings Ltd</name>
        <lei>529900PS8R2JVLJ2H892</lei>
        <title>Ichor Holdings Ltd. </title>
        <cusip>G4740B105</cusip>
        <identifiers>
          <isin value="KYG4740B1059"/>
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        <balance>4900.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>232995.00000000</valUSD>
        <pctVal>0.783616579687</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>Matthews International Corp</name>
        <lei>549300ZVC5O0ATML6U61</lei>
        <title>Matthews International Corporation </title>
        <cusip>577128101</cusip>
        <identifiers>
          <isin value="US5771281012"/>
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        <balance>3590.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>94883.70000000</valUSD>
        <pctVal>0.319116034515</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>Old Second Bancorp Inc.</name>
        <lei>549300XVJC1MPUT81C04</lei>
        <title>Old Second Bancorp, Inc. </title>
        <cusip>680277100</cusip>
        <identifiers>
          <isin value="US6802771005"/>
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        <balance>18851.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>370045.13000000</valUSD>
        <pctVal>1.244548162408</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>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>13760.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>145856.00000000</valUSD>
        <pctVal>0.490547779337</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>Veeco Instruments Inc.</name>
        <lei>5493004201F72ADDZW04</lei>
        <title>Veeco Instruments, Inc. </title>
        <cusip>922417100</cusip>
        <identifiers>
          <isin value="US9224171002"/>
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        <balance>10059.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>307403.04000000</valUSD>
        <pctVal>1.033868189404</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>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>9372.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>218180.16000000</valUSD>
        <pctVal>0.733790814115</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>12447.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>184091.13000000</valUSD>
        <pctVal>0.619141447847</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>3131.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>102602.87000000</valUSD>
        <pctVal>0.345077405332</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>29628.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>407977.56000000</valUSD>
        <pctVal>1.372123780150</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>4468.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>312760.00000000</valUSD>
        <pctVal>1.051884896512</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>Carter Bankshares Inc.</name>
        <lei>549300SO0M022D8D8358</lei>
        <title>Carter Bankshares, Inc. </title>
        <cusip>146103106</cusip>
        <identifiers>
          <isin value="US1461031064"/>
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        <balance>12143.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>253060.12000000</valUSD>
        <pctVal>0.851100262621</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>Kornit Digital Limited</name>
        <lei>5299006DPCQWP3VTFK34</lei>
        <title>Kornit Digital Ltd. </title>
        <cusip>M6372Q113</cusip>
        <identifiers>
          <isin value="IL0011216723"/>
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        <balance>7058.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>107916.82000000</valUSD>
        <pctVal>0.362949459769</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>
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      <invstOrSec>
        <name>DHI Group Inc</name>
        <lei>529900489RAC0CU0AO81</lei>
        <title>DHI GROUP, INC. </title>
        <cusip>23331S100</cusip>
        <identifiers>
          <isin value="US23331S1006"/>
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        <balance>51685.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>128695.65000000</valUSD>
        <pctVal>0.432833516056</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>Park Dental Partners Inc.</name>
        <lei>529900JGYNTREBZJHT94</lei>
        <title>Park Dental Partners, Inc. </title>
        <cusip>700402100</cusip>
        <identifiers>
          <isin value="US7004021009"/>
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        <balance>6897.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>130077.42000000</valUSD>
        <pctVal>0.437480731152</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>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>18835.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>258604.55000000</valUSD>
        <pctVal>0.869747475106</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>N/A</name>
        <lei>N/A</lei>
        <title>Alkermes plc - CVR </title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Dummy ID" value="G29CVR019"/>
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        <balance>6763.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>0.00000000</valUSD>
        <pctVal>0.000000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Third Coast Bancshares Inc.</name>
        <lei>254900LW0YOTBYSQCK19</lei>
        <title>Third Coast Bancshares, Inc. </title>
        <cusip>88422P109</cusip>
        <identifiers>
          <isin value="US88422P1093"/>
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        <balance>13223.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>523763.03000000</valUSD>
        <pctVal>1.761537346874</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>Motorcar Parts of America Inc.</name>
        <lei>549300AG4610OSV3H429</lei>
        <title>Motorcar Parts of America, Inc. </title>
        <cusip>620071100</cusip>
        <identifiers>
          <isin value="US6200711009"/>
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        <balance>5705.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>58989.70000000</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>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <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>73293.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>261656.01000000</valUSD>
        <pctVal>0.880010247476</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>590.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>101869.40000000</valUSD>
        <pctVal>0.342610574487</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>Trisalus Life Sciences Inc.</name>
        <lei>N/A</lei>
        <title>TriSalus Life Sciences, Inc. </title>
        <cusip>89680M101</cusip>
        <identifiers>
          <isin value="US89680M1018"/>
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        <balance>13977.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>70723.62000000</valUSD>
        <pctVal>0.237860045097</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>Lindsay Corp</name>
        <lei>549300ZFO0QG5H8TPI61</lei>
        <title>Lindsay Corporation </title>
        <cusip>535555106</cusip>
        <identifiers>
          <isin value="US5355551061"/>
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        <balance>630.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>84861.00000000</valUSD>
        <pctVal>0.285407354530</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>Vistance Networks Inc.</name>
        <lei>254900AW4CEPCQWSRI58</lei>
        <title>Vistance Networks, Inc. </title>
        <cusip>20337X109</cusip>
        <identifiers>
          <isin value="US20337X1090"/>
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        <balance>16417.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>288446.69000000</valUSD>
        <pctVal>0.970113558831</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>Domo Inc</name>
        <lei>549300X57AGT5JULJ761</lei>
        <title>Domo, Inc. </title>
        <cusip>257554105</cusip>
        <identifiers>
          <isin value="US2575541055"/>
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        <balance>7004.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>25144.36000000</valUSD>
        <pctVal>0.084566352847</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>American Superconductor Corp.</name>
        <lei>549300S9YT8Z8LOK4452</lei>
        <title>American Superconductor Corporation </title>
        <cusip>030111207</cusip>
        <identifiers>
          <isin value="US0301112076"/>
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        <balance>2186.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>71219.88000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <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>20910.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>578788.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Compass Diversified</name>
        <lei>5299001SM1LBYANJRR58</lei>
        <title>Compass Diversified Holdings </title>
        <cusip>20451Q104</cusip>
        <identifiers>
          <isin value="US20451Q1040"/>
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        <balance>8038.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>60204.62000000</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>
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          <isin value="US55955D1000"/>
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        <balance>5866.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>79894.92000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <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>33340.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>190038.00000000</valUSD>
        <pctVal>0.639142160005</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>Lending Club Corporation</name>
        <lei>549300YC50YO7Y1OJR92</lei>
        <title>LendingClub Corporation </title>
        <cusip>52603A208</cusip>
        <identifiers>
          <isin value="US52603A2087"/>
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        <balance>8626.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>128613.66000000</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>Applied Optoelectronics Inc</name>
        <lei>529900I8U6Q5SYDNLT48</lei>
        <title>Applied Optoelectronics, Inc. </title>
        <cusip>03823U102</cusip>
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          <isin value="US03823U1025"/>
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        <balance>5093.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>428983.39000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <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>9374.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>130579.82000000</valUSD>
        <pctVal>0.439170419642</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>MeiraGTx Holdings PLC</name>
        <lei>54930007YV6NYIOGFZ57</lei>
        <title>MeiraGTx Holdings plc </title>
        <cusip>G59665102</cusip>
        <identifiers>
          <isin value="KYG596651029"/>
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        <balance>16118.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>121852.08000000</valUSD>
        <pctVal>0.409816992456</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>Exagen Inc</name>
        <lei>549300JV2CYDOME5OO17</lei>
        <title>Exagen, Inc. </title>
        <cusip>30068X103</cusip>
        <identifiers>
          <isin value="US30068X1037"/>
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        <balance>25697.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>93023.14000000</valUSD>
        <pctVal>0.312858536872</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>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>14853.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>323349.81000000</valUSD>
        <pctVal>1.087500899824</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>Applied Digital Corp</name>
        <lei>2549004NE2B6RYXINZ02</lei>
        <title>Applied Digital Corporation </title>
        <cusip>038169207</cusip>
        <identifiers>
          <isin value="US0381692070"/>
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        <balance>6684.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>182272.68000000</valUSD>
        <pctVal>0.613025575965</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>Red Violet Inc</name>
        <lei>549300T4EGADG881UU63</lei>
        <title>Red Violet, Inc. </title>
        <cusip>75704L104</cusip>
        <identifiers>
          <isin value="US75704L1044"/>
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        <balance>8404.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>363977.24000000</valUSD>
        <pctVal>1.224140431737</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>Audioeye Inc</name>
        <lei>5299005WRMZCSB2PT464</lei>
        <title>AudioEye, Inc. </title>
        <cusip>050734201</cusip>
        <identifiers>
          <isin value="US0507342014"/>
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        <balance>25958.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>177033.56000000</valUSD>
        <pctVal>0.595405192287</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>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>6320.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>313661.60000000</valUSD>
        <pctVal>1.054917187798</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>Penguin Solutions Inc</name>
        <lei>254900DVWIPOY3GJ8E23</lei>
        <title>Penguin Solutions, Inc. </title>
        <cusip>706915105</cusip>
        <identifiers>
          <isin value="US7069151055"/>
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        <balance>6657.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>138332.46000000</valUSD>
        <pctVal>0.465244357882</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>Disc Medicine Inc</name>
        <lei>N/A</lei>
        <title>Disc Medicine, Inc. </title>
        <cusip>254604101</cusip>
        <identifiers>
          <isin value="US2546041011"/>
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        <balance>2706.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>180273.72000000</valUSD>
        <pctVal>0.606302606810</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>4781.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>341315.59000000</valUSD>
        <pctVal>1.147924012230</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 Corporation </title>
        <cusip>68401U204</cusip>
        <identifiers>
          <isin value="US68401U2042"/>
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        <balance>18352.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>139108.16000000</valUSD>
        <pctVal>0.467853218076</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>Titan International, Inc.</name>
        <lei>254900CXRGBE7C4B5A06</lei>
        <title>Titan International, Inc. </title>
        <cusip>88830M102</cusip>
        <identifiers>
          <isin value="US88830M1027"/>
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        <balance>8159.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>79387.07000000</valUSD>
        <pctVal>0.266997250004</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>Resources Connection Inc.</name>
        <lei>N/A</lei>
        <title>Resources Connection, Inc. </title>
        <cusip>76122Q105</cusip>
        <identifiers>
          <isin value="US76122Q1058"/>
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        <balance>26032.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>97880.32000000</valUSD>
        <pctVal>0.329194367162</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>8574.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>187427.64000000</valUSD>
        <pctVal>0.630362909914</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>10086.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>82301.76000000</valUSD>
        <pctVal>0.276800032933</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>Horizon Bancorp Inc.</name>
        <lei>549300U2OQ2EIT5MXG39</lei>
        <title>Horizon Bancorp Inc </title>
        <cusip>440407104</cusip>
        <identifiers>
          <isin value="US4404071049"/>
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        <balance>16418.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>276479.12000000</valUSD>
        <pctVal>0.929863826988</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>Axcelis Technologies Inc.</name>
        <lei>529900HF9B6NL1QG9F05</lei>
        <title>Axcelis Technologies, 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>Aehr Test Systems Inc.</name>
        <lei>529900A4GWWZFRU2RE97</lei>
        <title>Aehr Test Systems </title>
        <cusip>00760J108</cusip>
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          <isin value="US00760J1088"/>
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        <balance>6717.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Universal Technical Institute, Inc.</name>
        <lei>2549003YOJGAZ0PVFV48</lei>
        <title>Universal Technical Institute, Inc. </title>
        <cusip>913915104</cusip>
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          <isin value="US9139151040"/>
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        <balance>4451.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Asure Software Inc</name>
        <lei>N/A</lei>
        <title>Asure Software, 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>Helix Energy Solutions Group, Inc.</name>
        <lei>416AP2JOUTCWEGSOZW41</lei>
        <title>Helix Energy Solutions Group, 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>iShares Trust</name>
        <lei>5493000860OXIC4B5K91</lei>
        <title>iShares Micro-Cap ETF </title>
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          <isin value="US4642888691"/>
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        <balance>1776.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</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>VSE Corp.</name>
        <lei>549300QWJYQDH4U5XI15</lei>
        <title>VSE Corporation </title>
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          <isin value="US9182841000"/>
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        <balance>597.00000000</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>First Watch Restaurant Group Inc</name>
        <lei>N/A</lei>
        <title>First Watch Restaurant Group, 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>Stoneridge Inc.</name>
        <lei>PNBCIH9LE7WI83VJIF08</lei>
        <title>Stoneridge, Inc. </title>
        <cusip>86183P102</cusip>
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          <isin value="US86183P1021"/>
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        <balance>8030.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Crawford &amp; Co</name>
        <lei>7TZZFJ2GPOGLWIKIXY82</lei>
        <title>Crawford &amp; Company </title>
        <cusip>224633206</cusip>
        <identifiers>
          <isin value="US2246332066"/>
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        <balance>24072.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Integer Holdings Corp.</name>
        <lei>549300SUD2ED5XG6X569</lei>
        <title>Integer Holdings Corporation </title>
        <cusip>45826H109</cusip>
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          <isin value="US45826H1095"/>
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        <balance>2950.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>255706.00000000</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>Kayne Anderson BDC Inc</name>
        <lei>213800L27Z3YODNCUQ03</lei>
        <title>Kayne Anderson BDC, Inc. </title>
        <cusip>48662X105</cusip>
        <identifiers>
          <isin value="US48662X1054"/>
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        <balance>10783.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>144707.86000000</valUSD>
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        <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>Sophia Genetics Sa</name>
        <lei>506700H1GPU9GGM8W895</lei>
        <title>Sophia Genetics S.A. </title>
        <cusip>H82027105</cusip>
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          <isin value="CH1125843347"/>
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        <balance>25747.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Cipher Digital Inc.</name>
        <lei>254900QABG5HCQZ28A17</lei>
        <title>Cipher Digital, Inc. </title>
        <cusip>17253J106</cusip>
        <identifiers>
          <isin value="US17253J1060"/>
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        <balance>11765.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>183534.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Aldeyra Therapeutics Inc</name>
        <lei>529900HGKY864E4Y9014</lei>
        <title>Aldeyra Therapeutics, Inc. </title>
        <cusip>01438T106</cusip>
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          <isin value="US01438T1060"/>
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        <balance>13778.00000000</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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      <invstOrSec>
        <name>Tiptree Inc.</name>
        <lei>254900EH52HA4YXENT37</lei>
        <title>Tiptree, Inc. </title>
        <cusip>88822Q103</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>Thryv Holdings Inc.</name>
        <lei>N/A</lei>
        <title>Thryv Holdings, Inc. </title>
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          <isin value="US8860292064"/>
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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>Oruka Therapeutics Inc</name>
        <lei>529900TG7O4ESUDMGI54</lei>
        <title>Oruka Therapeutics, Inc. </title>
        <cusip>687604108</cusip>
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          <isin value="US6876041087"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Quest Resource Holding Corporation</name>
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        <title>Quest Resource Holding Corporation </title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>DoubleVerify Holdings Inc</name>
        <lei>N/A</lei>
        <title>DoubleVerify Holdings, 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>First American Funds Inc.</name>
        <lei>549300J5J5SJCZ9IA369</lei>
        <title>First American Treasury Obligations Fund </title>
        <cusip>31846V328</cusip>
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          <isin value="US31846V3289"/>
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        <balance>1094095.21000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1094095.21000000</valUSD>
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        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>US Physical Therapy Inc</name>
        <lei>529900KL1UXQYFIOMY96</lei>
        <title>US Physical Therapy, Inc. </title>
        <cusip>90337L108</cusip>
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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>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Connectone Bancorp Inc.</name>
        <lei>549300E2M5ZYAZKUK134</lei>
        <title>ConnectOne Bancorp, Inc. </title>
        <cusip>20786W107</cusip>
        <identifiers>
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        <balance>11230.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Evolent Health, Inc.</name>
        <lei>549300CZOCFHQ2BBTR11</lei>
        <title>Evolent Health, Inc. </title>
        <cusip>30050B101</cusip>
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          <isin value="US30050B1017"/>
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        <balance>51285.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>166676.25000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Riley Exploration Permian Inc.</name>
        <lei>5493008CUBI02XP43Q95</lei>
        <title>Riley Exploration Permian, Inc. </title>
        <cusip>76665T102</cusip>
        <identifiers>
          <isin value="US76665T1025"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Perella Weinberg Partners</name>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>LiveOne Inc.</name>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Adaptive Biotechnologies Corp</name>
        <lei>549300ZTF7OT1FW66Q96</lei>
        <title>Adaptive Biotechnologies Corporation </title>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <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 Corporation </title>
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          <isin value="US4316361090"/>
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        <assetCat>EC</assetCat>
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        <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 Global Management, Inc. </title>
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          <isin value="US00258Y1047"/>
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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>
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        <title>Thermon Group Holdings, 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, Inc. </title>
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          <isin value="US9507551086"/>
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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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          <isin value="US19240Q2012"/>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Voyager Technologies Inc.</name>
        <lei>254900DDCLSP240FE187</lei>
        <title>Voyager Technologies, Inc. </title>
        <cusip>92892B103</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>QCR Holdings Inc.</name>
        <lei>549300MWKWM7KWJVQO33</lei>
        <title>QCR Holdings, Inc. </title>
        <cusip>74727A104</cusip>
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          <isin value="US74727A1043"/>
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        <balance>5605.00000000</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>Investar Holding Corp</name>
        <lei>54930001EK2YM28LOJ08</lei>
        <title>Investar Holding Corporation </title>
        <cusip>46134L105</cusip>
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        <balance>12478.00000000</balance>
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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>Kelly Services Inc</name>
        <lei>25490035B2ZPL6RM1974</lei>
        <title>Kelly Services, Inc. </title>
        <cusip>488152208</cusip>
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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>Arvinas Inc</name>
        <lei>N/A</lei>
        <title>Arvinas, Inc. </title>
        <cusip>04335A105</cusip>
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          <isin value="US04335A1051"/>
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        <balance>13727.00000000</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>PAR Technology Corp.</name>
        <lei>549300HYPTHBJQINVG57</lei>
        <title>PAR Technology Corporation </title>
        <cusip>698884103</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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        <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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        <name>CTO Realty Growth Inc New</name>
        <lei>254900ZQ99OFO1WXS678</lei>
        <title>CTO Realty Growth, Inc. </title>
        <cusip>22948Q101</cusip>
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        <balance>10470.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Smartrent Inc</name>
        <lei>N/A</lei>
        <title>SmartRent, Inc. </title>
        <cusip>83193G107</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Minerals Technologies Inc.</name>
        <lei>549300D3I1QU67GP6403</lei>
        <title>Minerals Technologies, Inc. </title>
        <cusip>603158106</cusip>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Northeast Bank</name>
        <lei>549300F0LV9TSW34E306</lei>
        <title>Northeast Bank </title>
        <cusip>66405S100</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>LSI Industries Inc.</name>
        <lei>529900HY42OANH6BVT33</lei>
        <title>LSI Industries, Inc. </title>
        <cusip>50216C108</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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        <name>Coastal Financial Corp.</name>
        <lei>549300XG5L36T6IU0B47</lei>
        <title>Coastal Financial Corp </title>
        <cusip>19046P209</cusip>
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        <balance>2262.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Mayville Engineering Company Inc</name>
        <lei>9845008D43E42A7FC362</lei>
        <title>Mayville Engineering Company, Inc. </title>
        <cusip>578605107</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

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        <fairValLevel>1</fairValLevel>
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        <name>Health Catalyst Inc.</name>
        <lei>549300223PL6GWKVJG92</lei>
        <title>Health Catalyst, Inc. </title>
        <cusip>42225T107</cusip>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Delcath Systems Inc.</name>
        <lei>549300NVPLITUM6URT02</lei>
        <title>Delcath Systems, Inc. </title>
        <cusip>24661P807</cusip>
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        <balance>8813.00000000</balance>
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        <valUSD>78435.70000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>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>4343.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>139714.31000000</valUSD>
        <pctVal>0.469891842037</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>Ultragenyx Pharmaceuticals Inc</name>
        <lei>529900EV44GVDN1DCX77</lei>
        <title>Ultragenyx Pharmaceutical, Inc. </title>
        <cusip>90400D108</cusip>
        <identifiers>
          <isin value="US90400D1081"/>
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        <balance>6713.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>157017.07000000</valUSD>
        <pctVal>0.528085063395</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Capital Bancorp Inc.</name>
        <lei>549300LQKYGWQ7VP0C75</lei>
        <title>Capital Bancorp, Inc. </title>
        <cusip>139737100</cusip>
        <identifiers>
          <isin value="US1397371006"/>
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        <balance>12258.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>360507.78000000</valUSD>
        <pctVal>1.212471827782</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>Neogen Corp</name>
        <lei>549300HJT9FC36N4UW43</lei>
        <title>Neogen Corporation </title>
        <cusip>640491106</cusip>
        <identifiers>
          <isin value="US6404911066"/>
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        <balance>36159.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>406065.57000000</valUSD>
        <pctVal>1.365693311410</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>Design Therapeutics Inc.</name>
        <lei>N/A</lei>
        <title>Design Therapeutics, Inc. </title>
        <cusip>25056L103</cusip>
        <identifiers>
          <isin value="US25056L1035"/>
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        <balance>6162.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>64331.28000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Celldex Therapeutics Inc.</name>
        <lei>529900F018DMYWH38923</lei>
        <title>Celldex Therapeutics, Inc. </title>
        <cusip>15117B202</cusip>
        <identifiers>
          <isin value="US15117B2025"/>
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        <balance>5997.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>180449.73000000</valUSD>
        <pctVal>0.606894569531</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>AZZ Inc</name>
        <lei>549300HD1X2NFLWPYC83</lei>
        <title>AZZ, Inc. </title>
        <cusip>002474104</cusip>
        <identifiers>
          <isin value="US0024741045"/>
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        <balance>1028.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>139787.44000000</valUSD>
        <pctVal>0.470137795300</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>Trimas Corporation</name>
        <lei>75G1WUQ8QK4P5MZOYD78</lei>
        <title>TriMas Corporation </title>
        <cusip>896215209</cusip>
        <identifiers>
          <isin value="US8962152091"/>
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        <balance>12048.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>470835.84000000</valUSD>
        <pctVal>1.583530850597</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>AdaptHealth Corporation</name>
        <lei>N/A</lei>
        <title>AdaptHealth Corporation </title>
        <cusip>00653Q102</cusip>
        <identifiers>
          <isin value="US00653Q1022"/>
        </identifiers>
        <balance>35304.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>323031.60000000</valUSD>
        <pctVal>1.086430685305</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>Sunopta Inc</name>
        <lei>54930010CP0KEPPRPA40</lei>
        <title>SunOpta, Inc. </title>
        <cusip>8676EP108</cusip>
        <identifiers>
          <isin value="CA8676EP1086"/>
        </identifiers>
        <balance>38977.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>252570.96000000</valUSD>
        <pctVal>0.849455103343</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>Artivion Inc</name>
        <lei>549300YTKV8DMSMG6K81</lei>
        <title>Artivion, Inc. </title>
        <cusip>228903100</cusip>
        <identifiers>
          <isin value="US2289031005"/>
        </identifiers>
        <balance>14073.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>541810.50000000</valUSD>
        <pctVal>1.822235201822</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>Bioventus Inc.</name>
        <lei>N/A</lei>
        <title>Bioventus, Inc. </title>
        <cusip>09075A108</cusip>
        <identifiers>
          <isin value="US09075A1088"/>
        </identifiers>
        <balance>19271.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>169199.38000000</valUSD>
        <pctVal>0.569057015990</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>Insteel Industries Inc.</name>
        <lei>52990026LKY4MOX3L174</lei>
        <title>Insteel Industries, Inc. </title>
        <cusip>45774W108</cusip>
        <identifiers>
          <isin value="US45774W1080"/>
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        <balance>4348.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>162093.44000000</valUSD>
        <pctVal>0.545158080827</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>TruBridge, Inc. </title>
        <cusip>205306103</cusip>
        <identifiers>
          <isin value="US2053061030"/>
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        <balance>8686.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>167552.94000000</valUSD>
        <pctVal>0.563519653895</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>7340.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>121110.00000000</valUSD>
        <pctVal>0.407321204171</pctVal>
        <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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ranpak Holdings Corp.</name>
        <lei>5493000Z9EZR9DCYOO86</lei>
        <title>Ranpak Holdings Corporation </title>
        <cusip>75321W103</cusip>
        <identifiers>
          <isin value="US75321W1036"/>
        </identifiers>
        <balance>2719.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>13921.28000000</valUSD>
        <pctVal>0.046820514682</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>23316.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>130569.60000000</valUSD>
        <pctVal>0.439136047396</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"/>
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        <balance>3584.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>76876.80000000</valUSD>
        <pctVal>0.258554625950</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>Rezolute Inc</name>
        <lei>549300T05L48T72P2G08</lei>
        <title>Rezolute, Inc. </title>
        <cusip>76200L309</cusip>
        <identifiers>
          <isin value="US76200L3096"/>
        </identifiers>
        <balance>29480.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>94630.80000000</valUSD>
        <pctVal>0.318265472774</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>37163.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>286526.73000000</valUSD>
        <pctVal>0.963656285119</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"/>
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        <balance>6143.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>255548.80000000</valUSD>
        <pctVal>0.859470274465</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>EnGene Holdings Inc.</name>
        <lei>N/A</lei>
        <title>Engene Holdings, Inc. </title>
        <cusip>29286M105</cusip>
        <identifiers>
          <isin value="CA29286M1059"/>
        </identifiers>
        <balance>11279.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>114030.69000000</valUSD>
        <pctVal>0.383511831915</pctVal>
        <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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NewAmsterdam Pharma Company NV</name>
        <lei>984500B6549TF6E14D36</lei>
        <title>Newamsterdam Pharma Company N.V. </title>
        <cusip>N62509109</cusip>
        <identifiers>
          <isin value="NL00150012L7"/>
        </identifiers>
        <balance>4701.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>166697.46000000</valUSD>
        <pctVal>0.560642474936</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Aebi Schmidt Holding AG</name>
        <lei>506700TN58RT735OV464</lei>
        <title>Aebi Schmidt Holding A.G. </title>
        <cusip>H00501108</cusip>
        <identifiers>
          <isin value="CH0027352993"/>
        </identifiers>
        <balance>15879.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>228975.18000000</valUSD>
        <pctVal>0.770096986565</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Acm Research Inc</name>
        <lei>549300MCTENUWL2GJL61</lei>
        <title>ACM Research, Inc. </title>
        <cusip>00108J109</cusip>
        <identifiers>
          <isin value="US00108J1097"/>
        </identifiers>
        <balance>2889.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>160859.52000000</valUSD>
        <pctVal>0.541008119798</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>22446.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>293818.14000000</valUSD>
        <pctVal>0.988178999192</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>Rapport Therapeutics Inc</name>
        <lei>N/A</lei>
        <title>Rapport Therapeutics, Inc. </title>
        <cusip>75383L102</cusip>
        <identifiers>
          <isin value="US75383L1026"/>
        </identifiers>
        <balance>5407.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>156965.21000000</valUSD>
        <pctVal>0.527910646108</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>California BanCorporation </title>
        <cusip>84252A106</cusip>
        <identifiers>
          <isin value="US84252A1060"/>
        </identifiers>
        <balance>14088.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>257951.28000000</valUSD>
        <pctVal>0.867550375585</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2026-02-28</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>
