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        <name>GLOBUS MEDICAL, INC.</name>
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        <name>REVVITY, INC.</name>
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        <name>DREAM FINDERS HOMES, INC.</name>
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        <name>HURCO COMPANIES, INC.</name>
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        <name>Comstock Inc</name>
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        <name>SFL CORPORATION LTD.</name>
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        <name>Lions Gate Entertainment Corp.</name>
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        <name>FLYWIRE CORPORATION</name>
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      <invstOrSec>
        <name>N L INDUSTRIES, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>PETCO HEALTH AND WELLNESS COMPANY, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>REPAY HOLDINGS CORPORATION</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Proto Labs, Inc.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>HOMESTREET, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>MOHAWK INDUSTRIES, INC.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>SYLVAMO CORPORATION</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>SELECTQUOTE, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>RIOT PLATFORMS, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>MERCER INTERNATIONAL INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Kodiak Sciences Inc</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>PEOPLES BANCORP OF NORTH CAROLINA, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>ADAPTHEALTH CORP.</name>
        <lei>N/A</lei>
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        <name>ESCALADE, INCORPORATED</name>
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        <name>OPTICAL CABLE CORPORATION</name>
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        <name>ABERCROMBIE &amp; FITCH CO.</name>
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        <name>QUEST RESOURCE HOLDING CORPORATION</name>
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        <name>SUNCOKE ENERGY, INC.</name>
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        <name>CLEARWATER PAPER CORPORATION</name>
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        <name>COMMUNITY TRUST BANCORP, INC.</name>
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        <name>ASSURANT, INC.</name>
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        <name>EVERUS CONSTRUCTION GROUP, INC.</name>
        <lei>N/A</lei>
        <title>EVERUS CONSTRUCTION GROUP INC</title>
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        <name>CureVac N.V.</name>
        <lei>724500BUT8GAG9LMYN56</lei>
        <title>CUREVAC NV</title>
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        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>FARMERS NATIONAL BANC CORP.</name>
        <lei>N/A</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>FARMER BROS. CO.</name>
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        <name>VISTEON CORPORATION</name>
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        <name>BASSETT FURNITURE INDUSTRIES, INCORPORATED</name>
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        <name>NORTHWEST PIPE COMPANY</name>
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        <name>ONESPAN INC.</name>
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        <name>DAILY JOURNAL CORPORATION</name>
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        <name>ANTERO RESOURCES CORPORATION</name>
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        <name>ORMAT TECHNOLOGIES, INC.</name>
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        <name>NATURAL HEALTH TRENDS CORP.</name>
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        <name>METROCITY BANKSHARES, INC.</name>
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        <name>ELEMENT SOLUTIONS INC</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>GLOBAL BUSINESS TRAVEL GROUP, INC.</name>
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          <isin value="US37890B1008"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>PREMIER, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>FRONTIER COMMUNICATIONS PARENT, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>HERITAGE INSURANCE HOLDINGS, INC.</name>
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          <isin value="US42727J1025"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>MAXLINEAR, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>SPORTSMAN'S WAREHOUSE HOLDINGS, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>CNO FINANCIAL GROUP, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>3D SYSTEMS CORPORATION</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>VSE CORPORATION</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>REX AMERICAN RESOURCES CORPORATION</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>GULFPORT ENERGY CORPORATION</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>STONEX GROUP INC.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>ATN INTERNATIONAL, INC.</name>
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        <name>LIFE TIME GROUP HOLDINGS, INC</name>
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        <name>APTIV PLC</name>
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        <title>APTIV HOLDINGS LTD</title>
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        <name>IMARA INC CVR</name>
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        <name>INTERFACE, INC.</name>
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        <name>OIL-DRI CORPORATION OF AMERICA</name>
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        <title>OIL DRI CORP OF AMERICA</title>
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        <name>COHU, INC.</name>
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        <title>COHU INC</title>
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        <name>908 Devices Inc</name>
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        <title>908 DEVICES INC</title>
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        <name>H.B. FULLER COMPANY</name>
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        <title>HB FULLER CO</title>
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        <name>AMMO, INC.</name>
        <lei>549300WUBAV2G8RICP63</lei>
        <title>AMMO INC</title>
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        <name>SUNRUN INC.</name>
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        <name>Hawthorn Bancshares, Inc.</name>
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        <name>NCINO, INC.</name>
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        <name>PENSKE AUTOMOTIVE GROUP, INC.</name>
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        <name>SPARTANNASH COMPANY</name>
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        <name>AMEDISYS, INC.</name>
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        <name>AMCON DISTRIBUTING COMPANY</name>
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        <name>CRICUT, INC.</name>
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        <name>AMPHASTAR PHARMACEUTICALS INC</name>
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        <name>Werewolf Therapeutics Inc</name>
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        <name>MAYVILLE ENGINEERING COMPANY, INC</name>
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        <name>OLD REPUBLIC INTERNATIONAL CORPORATION</name>
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        <name>VAREX IMAGING CORPORATION</name>
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        <name>INGREDION INCORPORATED</name>
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        <name>XERIS BIOPHARMA HOLD CVR</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>STOCK YARDS BANCORP, INC.</name>
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        <name>Liberty Global Ltd.</name>
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        <name>KOHL'S CORPORATION</name>
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        <name>Zedge Inc</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>DYNAVAX TECHNOLOGIES CORPORATION</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>HF SINCLAIR CORPORATION</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>TAYLOR MORRISON HOME CORPORATION</name>
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        <name>TEAM, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>BLUE FOUNDRY BANCORP</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>CLARIVATE PLC</name>
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        <invCountry>JE</invCountry>

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        <name>LSI INDUSTRIES INC.</name>
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        <name>STANLEY BLACK &amp; DECKER, INC.</name>
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        <name>BOK FINANCIAL CORPORATION</name>
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        <name>BLUE RIDGE BANKSHARES, INC.</name>
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        <name>JETBLUE AIRWAYS CORPORATION</name>
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        <name>BELLRING BRANDS, INC.</name>
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        <name>Hyliion Holdings Corp</name>
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        <name>CHICAGO RIVET &amp; MACHINE CO.</name>
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        <name>PRA GROUP, INC.</name>
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        <name>ZOOMINFO TECHNOLOGIES INC.</name>
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        <name>CHEMUNG FINANCIAL CORPORATION</name>
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        <name>Shenandoah Telecommunications Company</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>FRANKLIN RESOURCES, INC.</name>
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        <name>UTZ BRANDS, INC.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>HEALTH CATALYST, INC.</name>
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          <isin value="US42225T1079"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SPRUCE POWER HOLDING CORPORATION</name>
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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>CRESCENT ENERGY COMPANY</name>
        <lei>N/A</lei>
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          <isin value="US44952J1043"/>
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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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      <invstOrSec>
        <name>CLARUS CORPORATION</name>
        <lei>549300PKSLI6PT0ULL72</lei>
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          <isin value="US18270P1093"/>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Jerash Holdings (US) Inc</name>
        <lei>N/A</lei>
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          <isin value="US47632P1012"/>
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        <balance>20610.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>THE J. M. SMUCKER COMPANY</name>
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        <title>J M SMUCKER CO</title>
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          <isin value="US8326964058"/>
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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>CITI TRENDS, INC.</name>
        <lei>529900D06Q0FPHV34S87</lei>
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          <isin value="US17306X1028"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HERC HOLDINGS INC.</name>
        <lei>549300TP80QLITMSBP82</lei>
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          <isin value="US42704L1044"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>LiqTech International Inc</name>
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          <isin value="US53632A3005"/>
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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>CACI INTERNATIONAL INC.</name>
        <lei>SYRPI2D1O9WRTS2WX210</lei>
        <title>CACI INTERNATIONAL INC</title>
        <cusip>127190304</cusip>
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          <isin value="US1271903049"/>
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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>NMI HOLDINGS, INC.</name>
        <lei>529900KNNGFXJX1C3Z08</lei>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>GOODRX HOLDINGS, INC.</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>ECHOSTAR CORPORATION</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>JOHN WILEY &amp; SONS, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>CF INDUSTRIES HOLDINGS, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>LEAR CORPORATION</name>
        <lei>549300UPNBTXA1SYTQ33</lei>
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        <name>Seadrill Limited</name>
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        <title>SEADRILL LTD</title>
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        <name>HILTON GRAND VACATIONS INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Burke &amp; Herbert Financial Services Corp.</name>
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        <name>HELIX ENERGY SOLUTIONS GROUP, INC.</name>
        <lei>416AP2JOUTCWEGSOZW41</lei>
        <title>HELIX ENERGY SOLUTIONS GROUP INC</title>
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        <name>Ibex Ltd</name>
        <lei>5493000GRFLPVYU2CX17</lei>
        <title>IBEX HOLDINGS LTD</title>
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        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>HEIDRICK &amp; STRUGGLES INTERNATIONAL, INC.</name>
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        <title>HEIDRICK STRUGGLES INTERNATIONAL INC</title>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>EDITAS MEDICINE, INC.</name>
        <lei>5299000AON4Q9NT2JE42</lei>
        <title>EDITAS MEDICINE INC</title>
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      <invstOrSec>
        <name>RYERSON HOLDING CORPORATION</name>
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        <name>HUNTINGTON INGALLS INDUSTRIES, INC.</name>
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        <name>O-I GLASS, INC.</name>
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        <name>POWERFLEET, INC.</name>
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        <name>RPC, INC.</name>
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        <name>TENET HEALTHCARE CORPORATION</name>
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        <name>NV5 GLOBAL, INC.</name>
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        <name>FTC Solar Inc</name>
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        <name>LAKE SHORE BANCORP., INC.</name>
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        <name>DATA I/O CORPORATION</name>
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        <name>TELADOC HEALTH, INC.</name>
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        <name>Erasca Inc</name>
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        <name>EVERCOMMERCE INC.</name>
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        <name>ACME UNITED CORPORATION</name>
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        <name>Star Holdings</name>
        <lei>549300NXTGWF12PTMW64</lei>
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        <name>Orion S.A.</name>
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        <name>BOWMAN CONSULTING GROUP LTD.</name>
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        <name>SHORE BANCSHARES, INC.</name>
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        <name>Quipt Home Medical Corp</name>
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        <name>HELEN OF TROY LIMITED</name>
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        <name>ELANCO ANIMAL HEALTH INCORPORATED</name>
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        <name>FMC CORPORATION</name>
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        <name>PARKE BANCORP, INC.</name>
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        <name>UNDER ARMOUR, INC.</name>
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        <name>LIBERTY LIVE</name>
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        <name>SIMMONS FIRST NATIONAL CORPORATION</name>
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        <name>Cocrystal Pharma Inc</name>
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        <name>Definitive Healthcare Corp</name>
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        <name>FLEX LTD.</name>
        <lei>549300EAQH74YHD07T53</lei>
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        <name>AUTOLIV, INC.</name>
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        <name>ZUMIEZ INC.</name>
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        <name>2Seventy Bio Inc</name>
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        <name>FINANCE OF AMERICA COMPANIES INC.</name>
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        <name>GREEN PLAINS INC.</name>
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        <name>STEPAN COMPANY</name>
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        <name>Customers Bancorp, Inc.</name>
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        <name>BV FINANCIAL, INC.</name>
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        <name>NABORS INDUSTRIES LTD.</name>
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        <name>ALLY FINANCIAL INC.</name>
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        <name>KEY TRONIC CORPORATION</name>
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        <name>TARGET HOSPITALITY CORP.</name>
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        <name>BUMBLE INC.</name>
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        <name>AWARE, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>MANNATECH, INCORPORATED</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>COLUMBUS MCKINNON CORPORATION</name>
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        <title>COLUMBUS MCKINNON CORP NY</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>HOWARD HUGHES HOLDINGS INC.</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>IMMERSION CORPORATION</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ENTRAVISION COMMUNICATIONS CORPORATION</name>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>JUNIPER NETWORKS, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>EASTMAN KODAK COMPANY</name>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>UNIVERSAL CORPORATION</name>
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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>ARCHROCK INC.</name>
        <lei>549300K3RIHMHDVFTL28</lei>
        <title>ARCHROCK 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>MSC INDUSTRIAL DIRECT CO., INC.</name>
        <lei>0XVKH0LN6YGOWO2EGO17</lei>
        <title>MSC INDUSTRIAL DIRECT CO 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>TRUECAR, INC.</name>
        <lei>549300KK16488YXWVE52</lei>
        <title>TRUECAR INC</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>DRIVEN BRANDS HOLDINGS INC.</name>
        <lei>N/A</lei>
        <title>DRIVEN BRANDS HOLDINGS INC</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>LENSAR Inc</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Paysafe Limited</name>
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        <title>PAYSAFE LIMITED COM USD0 001</title>
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        <invCountry>BM</invCountry>

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        <name>INTEGER HOLDINGS CORPORATION</name>
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        <name>FRP HOLDINGS, INC.</name>
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        <name>ALCOA CORPORATION</name>
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        <title>ALCOA CORP</title>
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        <name>TEJON RANCH CO.</name>
        <lei>549300TMNDO77VJ6J111</lei>
        <title>TEJON RANCH CO</title>
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        <name>ANYWHERE REAL ESTATE INC.</name>
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        <name>Air Industries Group</name>
        <lei>54930028HTN6H0Z7MY07</lei>
        <title>AIR INDUSTRIES GROUP</title>
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        <name>HILLTOP HOLDINGS INC.</name>
        <lei>54930010TA543US0PM65</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>ICU MEDICAL, INC.</name>
        <lei>5493003NRW7LS2QZRH60</lei>
        <title>ICU MEDICAL INC</title>
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        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>UPBOUND GROUP, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>INNOVIVA, INC.</name>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>BAR HARBOR BANKSHARES</name>
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        <title>BAR HARBOR BANKSHARES</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BREAD FINANCIAL HOLDINGS, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Precision BioSciences Inc</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>FB Financial Corporation</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>WEATHERFORD INTERNATIONAL PUBLIC LIMITED COMPANY</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>SCIENCE APPLICATIONS INTERNATIONAL CORPORATION</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>PREFORMED LINE PRODUCTS COMPANY</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>HOMETRUST BANCSHARES, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>HYSTER-YALE, INC.</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>HUB GROUP, INC.</name>
        <lei>N/A</lei>
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        <name>FRONTIER GROUP HOLDINGS, INC.</name>
        <lei>549300DT3Y2BHO6G7T02</lei>
        <title>FRONTIER GROUP HOLDINGS INC</title>
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        <fairValLevel>1</fairValLevel>
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        <name>GREAT SOUTHERN BANCORP, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>LIFETIME BRANDS, INC.</name>
        <lei>549300GS38DC0OHLYK32</lei>
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        <name>Aligos Therapeutics Inc</name>
        <lei>549300UU2UJIKJYX0S67</lei>
        <title>ALIGOS THERAPEUTICS INC</title>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>ICF INTERNATIONAL, INC.</name>
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        <name>CHART INDUSTRIES, INC.</name>
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        <name>ALBANY INTERNATIONAL CORP.</name>
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        <title>ALBANY INTERNATIONAL CORP</title>
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        <name>DIODES INCORPORATED</name>
        <lei>549300XP2X1ARVH3BX23</lei>
        <title>DIODES INC</title>
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        <invCountry>US</invCountry>

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        <name>Boston Omaha Corp</name>
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        <title>BOSTON OMAHA CORP</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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        <name>FIRST BANK HAMILTON NJ</name>
        <lei>N/A</lei>
        <title>FIRST BANK HAMILTON NJ</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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      <invstOrSec>
        <name>OPTIMUMBANK HOLDINGS, INC.</name>
        <lei>N/A</lei>
        <title>OPTIMUMBANK HOLDINGS INC</title>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>WEBSTER FINANCIAL CORPORATION</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Fortitude Gold Corp</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>EASTMAN CHEMICAL COMPANY</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Fluence Energy Inc</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>NATIONAL HEALTHCARE CORPORATION</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Village Super Market, Inc.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>UNIFIRST CORPORATION</name>
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      <invstOrSec>
        <name>SITIO ROYALTIES CORP.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>BYLINE BANCORP, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ALAMO GROUP INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>CATHAY GENERAL BANCORP</name>
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        <name>CARPENTER TECHNOLOGY CORPORATION</name>
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        <name>WaFd, Inc</name>
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        <name>PARK AEROSPACE CORP.</name>
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        <name>Ingles Markets, Incorporated</name>
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        <name>STAAR SURGICAL COMPANY</name>
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        <name>PROVIDENT BANCORP, INC.</name>
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        <name>PERMA-PIPE INTERNATIONAL HOLDINGS, INC.</name>
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        <name>TIMBERLAND BANCORP, INC.</name>
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        <name>GROUP 1 AUTOMOTIVE, INC.</name>
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        <name>SEABOARD CORPORATION</name>
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      <invstOrSec>
        <name>HILLENBRAND, INC.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>INTERNATIONAL GAME TECHNOLOGY PLC</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>NET Power Inc</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>GULF ISLAND FABRICATION, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ESPEY MFG. &amp; ELECTRONICS CORP.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Olin Corporation</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ASURE SOFTWARE, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>INTEGRA LIFESCIENCES HOLDINGS CORPORATION</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>BAYCOM CORP</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>RIBBON COMMUNICATIONS INC.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>GENCO SHIPPING &amp; TRADING LIMITED</name>
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        <invCountry>MH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>UNICO AMERICAN CORP</name>
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        <name>GOLDEN ENTERTAINMENT, INC.</name>
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        <name>MATERION CORPORATION</name>
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        <name>Pathward Financial, Inc.</name>
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        <name>MARRIOTT VACATIONS WORLDWIDE CORPORATION</name>
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        <name>Ventyx Biosciences Inc</name>
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        <name>Enpro Inc.</name>
        <lei>549300Y5CFT2LKCFDN54</lei>
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        <name>Broadwind Inc</name>
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        <name>HARMONIC INC.</name>
        <lei>549300LRGRD8XC9BTL66</lei>
        <title>HARMONIC INC</title>
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        <invCountry>US</invCountry>

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        <name>LISATA THERAPEUTICS, INC.</name>
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        <title>LISATA THERAPEUTICS INC</title>
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        <invCountry>US</invCountry>

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        <fairValLevel>1</fairValLevel>
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        <name>CITIZENS FINANCIAL SERVICES, INC.</name>
        <lei>5493005JSTWQNVUE0825</lei>
        <title>CITIZENS FINANCIAL SERVICES INC</title>
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        <invCountry>US</invCountry>

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        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Vir Biotechnology Inc</name>
        <lei>N/A</lei>
        <title>VIR BIOTECHNOLOGY INC</title>
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          <isin value="US92764N1028"/>
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        <balance>543645.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3327107.40000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Enanta Pharmaceuticals Inc</name>
        <lei>529900SSN4DODDQSN594</lei>
        <title>ENANTA PHARMACEUTICALS INC</title>
        <cusip>29251M106</cusip>
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          <isin value="US29251M1062"/>
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        <balance>37627.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>229148.43000000</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>JAZZ PHARMACEUTICALS PUBLIC LIMITED COMPANY</name>
        <lei>635400GAUMJCLEZRRV50</lei>
        <title>JAZZ PHARMACEUTICALS PLC</title>
        <cusip>G50871105</cusip>
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          <isin value="IE00B4Q5ZN47"/>
          <other otherDesc="Internal" value="B4Q5ZN4"/>
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        <balance>203596.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>23812588.16000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CABOT CORPORATION</name>
        <lei>K05C0SER542GQ6VLRO68</lei>
        <title>CABOT CORP</title>
        <cusip>127055101</cusip>
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          <isin value="US1270551013"/>
          <other otherDesc="Internal" value="2162500"/>
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        <balance>24522.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1925957.88000000</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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      <invstOrSec>
        <name>enVVeno Medical Corp</name>
        <lei>549300KF5KREFECSNV87</lei>
        <title>ENVVENO MEDICAL CORP</title>
        <cusip>29415J106</cusip>
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          <isin value="US29415J1060"/>
          <other otherDesc="Internal" value="BMV4X72"/>
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        <balance>3290.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>9870.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Cipher Mining Inc</name>
        <lei>N/A</lei>
        <title>CIPHER MINING INC</title>
        <cusip>17253J106</cusip>
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          <isin value="US17253J1060"/>
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        <balance>468630.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1335595.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>AMES NATIONAL CORPORATION</name>
        <lei>N/A</lei>
        <title>AMES NATIONAL CORP</title>
        <cusip>031001100</cusip>
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          <isin value="US0310011004"/>
          <other otherDesc="Internal" value="B00MZ00"/>
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        <balance>25043.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>434746.48000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Aeva Technologies Inc</name>
        <lei>529900EOW3TB2FR95A21</lei>
        <title>AEVA TECHNOLOGIES INC</title>
        <cusip>00835Q202</cusip>
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          <isin value="US00835Q2021"/>
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        <balance>21155.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>150412.05000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CONNECTONE BANCORP, INC.</name>
        <lei>549300E2M5ZYAZKUK134</lei>
        <title>CONNECTONE BANCORP INC</title>
        <cusip>20786W107</cusip>
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          <isin value="US20786W1071"/>
          <other otherDesc="Internal" value="BNQ4YF9"/>
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        <balance>228125.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5139656.25000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Hippo Holdings Inc</name>
        <lei>N/A</lei>
        <title>HIPPO HOLDINGS INC</title>
        <cusip>433539202</cusip>
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          <isin value="US4335392027"/>
          <other otherDesc="Internal" value="BMHG0X7"/>
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        <balance>15997.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>369850.64000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Acrivon Therapeutics Inc</name>
        <lei>N/A</lei>
        <title>ACRIVON THERAPEUTICS INC</title>
        <cusip>004890109</cusip>
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        <balance>1777.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>QUAKER CHEMICAL CORPORATION</name>
        <lei>549300PJQ1R3WCWCPS54</lei>
        <title>QUAKER HOUGHTON</title>
        <cusip>747316107</cusip>
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          <isin value="US7473161070"/>
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        <balance>72610.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NATURE'S SUNSHINE PRODUCTS, INC.</name>
        <lei>N/A</lei>
        <title>NATURE S SUNSHINE PRODUCTS INC</title>
        <cusip>639027101</cusip>
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        <balance>87104.00000000</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>GUARANTY BANCSHARES, INC.</name>
        <lei>N/A</lei>
        <title>GUARANTY BANCSHARES INC TX</title>
        <cusip>400764106</cusip>
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        <balance>57792.00000000</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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        <name>Vislink Technologies Inc</name>
        <lei>549300QXCON16MHSX919</lei>
        <title>VISLINK 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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        <name>INTERNATIONAL SEAWAYS, INC.</name>
        <lei>549300YUFDGFRNGBWF46</lei>
        <title>INTERNATIONAL SEAWAYS INC</title>
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          <isin value="MHY410531021"/>
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        <balance>359078.00000000</balance>
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        <invCountry>MH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>CABLE ONE, INC.</name>
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        <title>CABLE ONE INC</title>
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        <name>Natural Grocers by Vitamin Cottage Inc</name>
        <lei>529900P4OTXDGBUS3O87</lei>
        <title>NATURAL GROCERS BY VITAMIN COTTAGE INC</title>
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        <invCountry>US</invCountry>

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        <name>NORTHEAST COMMUNITY BANCORP, INC.</name>
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        <name>RESOURCES CONNECTION, INC.</name>
        <lei>N/A</lei>
        <title>RESOURCES CONNECTION INC</title>
        <cusip>76122Q105</cusip>
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        <name>OIL STATES INTERNATIONAL, INC.</name>
        <lei>5493004TF4KQJGMYL777</lei>
        <title>OIL STATES INTERNATIONAL INC</title>
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        <invCountry>US</invCountry>

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        <name>VEECO INSTRUMENTS INC.</name>
        <lei>5493004201F72ADDZW04</lei>
        <title>VEECO INSTRUMENTS 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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      <invstOrSec>
        <name>NATURAL GAS SERVICES GROUP, INC.</name>
        <lei>N/A</lei>
        <title>NATURAL GAS SERVICES GROUP INC</title>
        <cusip>63886Q109</cusip>
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        <name>QUAD/GRAPHICS, INC.</name>
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      <invstOrSec>
        <name>SKILLZ INC.</name>
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        <name>ADVANCE AUTO PARTS, INC.</name>
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        <name>VICTORIA'S SECRET &amp; CO.</name>
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        <name>SR BANCORP, INC.</name>
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        <name>DIME COMMUNITY BANCSHARES, INC.</name>
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        <name>Liberty Global Ltd.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>AMERICAN EAGLE OUTFITTERS, INC.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>LINCOLN NATIONAL CORPORATION</name>
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        <name>TUTOR PERINI CORPORATION</name>
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        <name>FUTUREFUEL CORP.</name>
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        <name>HELIOS TECHNOLOGIES, INC.</name>
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        <name>LANDMARK BANCORP, INC.</name>
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        <name>SWK HOLDINGS CORPORATION</name>
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        <name>CPI AEROSTRUCTURES, INC.</name>
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        <name>TANDY LEATHER FACTORY, INC.</name>
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        <name>Cracker Barrel Old Country Store, Inc.</name>
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        <name>HILLMAN SOLUTIONS CORP.</name>
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        <name>MERCURY SYSTEMS, INC.</name>
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        <name>GRAN TIERRA ENERGY INC.</name>
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        <name>NAVIENT CORPORATION</name>
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        <name>RCI HOSPITALITY HOLDINGS, INC.</name>
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        <name>Cytek Biosciences Inc</name>
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        <name>ALTO INGREDIENTS, INC.</name>
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        <name>EL POLLO LOCO HOLDINGS, INC</name>
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        <name>FIRSTCASH HOLDINGS, INC.</name>
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        <name>KELLY SERVICES, INC.</name>
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        <name>HARMONY BIOSCIENCES HOLDINGS, INC.</name>
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        <name>CUSTOM TRUCK ONE SOURCE, INC.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>INDIE SEMICONDUCTOR, INC.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>INSTEEL INDUSTRIES, INC.</name>
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        <name>Zymeworks Inc</name>
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        <name>LANTRONIX, INC.</name>
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        <name>PVH CORP.</name>
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        <name>BCB BANCORP, INC.</name>
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        <name>HOME FEDERAL BANCORP, INC. OF LOUISIANA</name>
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        <name>ULTRA CLEAN HOLDINGS, INC.</name>
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        <name>OptimizeRx Corp</name>
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        <name>Copa Holdings, S.A.</name>
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        <name>ENSTAR GROUP LIMITED</name>
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        <name>HANCOCK WHITNEY CORPORATION</name>
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        <name>WORTHINGTON STEEL, INC.</name>
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        <name>KNIGHT-SWIFT TRANSPORTATION HOLDINGS INC.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>MERCANTILE BANK CORPORATION</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>FIRST HAWAIIAN, INC.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>SENECA FOODS CORPORATION</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>MISSION PRODUCE, INC.</name>
        <lei>N/A</lei>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>FTAI INFRASTRUCTURE INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Groupe Alithya Inc.</name>
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        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>MINERALS TECHNOLOGIES INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SONOCO PRODUCTS COMPANY.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>STERLING BANCORP, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>SALLY BEAUTY HOLDINGS, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>NORTHWEST BANCSHARES, INC.</name>
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        <name>COLUMBIA FINANCIAL, INC.</name>
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        <name>OPORTUN FINANCIAL CORPORATION</name>
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        <name>Solo Brands Inc</name>
        <lei>N/A</lei>
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        <name>CHOICEONE FINANCIAL SERVICES, INC.</name>
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        <name>Bunge Global SA</name>
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        <name>CITIZENS, INC.</name>
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        <name>ORIGIN BANCORP, INC.</name>
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        <name>Kura Oncology Inc</name>
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        <name>BUZZFEED, INC</name>
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        <name>PCB BANCORP</name>
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        <title>PCB BANCORP</title>
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      <invstOrSec>
        <name>NATIONAL PRESTO INDUSTRIES, INC.</name>
        <lei>N/A</lei>
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          <isin value="US6372151042"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HECLA MINING COMPANY</name>
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        <title>HECLA MINING CO</title>
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          <isin value="US4227041062"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SCORPIO TANKERS INC.</name>
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        <assetCat>EC</assetCat>
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        <invCountry>MH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ANI PHARMACEUTICALS, INC.</name>
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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>Onespaworld Holdings Ltd</name>
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        <invCountry>BS</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UNITED SECURITY BANCSHARES</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>VERITEX HOLDINGS, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TECHTARGET, INC.</name>
        <lei>N/A</lei>
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        <balance>18808.00000000</balance>
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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>LIFESTANCE HEALTH GROUP, INC.</name>
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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>CENTRAL PACIFIC FINANCIAL CORP.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ICON PUBLIC LIMITED COMPANY</name>
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        <title>ICON PLC</title>
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        <assetCat>EC</assetCat>
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        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WILHELMINA INTERNATIONAL, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>LIGAND PHARMACEUTICALS INCORPORATED</name>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>STEVEN MADDEN, LTD.</name>
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        <title>STEVEN MADDEN LTD</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>CALIX, INC.</name>
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        <title>CALIX INC</title>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>MainStreet Bancshares, Inc.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>THE INTERPUBLIC GROUP OF COMPANIES, INC.</name>
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        <title>INTERPUBLIC GROUP OF COS INC</title>
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        <name>SKILLSOFT CORP.</name>
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        <name>Third Coast Bancshares Inc</name>
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        <name>Sensus Healthcare Inc</name>
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        <name>STRIDE, INC.</name>
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        <title>STRIDE INC</title>
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        <name>FIRST ADVANTAGE CORPORATION</name>
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        <fairValLevel>1</fairValLevel>
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        <name>KEWAUNEE SCIENTIFIC CORPORATION</name>
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        <title>KEWAUNEE SCIENTIFIC CORP</title>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
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        <name>Seaport Entertainment Group Inc</name>
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        <name>PDL BIOPHARMA INC</name>
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        <name>Aclaris Therapeutics Inc</name>
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        <name>EVOLENT HEALTH, INC.</name>
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        <name>FLUOR CORPORATION.</name>
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        <name>L. B. FOSTER COMPANY</name>
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        <name>LGI HOMES, INC.</name>
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        <name>Tyra Biosciences Inc</name>
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        <name>HINGHAM INSTITUTION FOR SAVINGS, THE</name>
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        <name>OPPENHEIMER HOLDINGS INC.</name>
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        <name>Regal Rexnord Corporation</name>
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        <name>QUANTERIX CORP</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>FORESTAR GROUP INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>DMC GLOBAL INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>VIATRIS INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ADVANTAGE SOLUTIONS INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>STANDARD MOTOR PRODUCTS, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>COMMUNITY WEST BANCSHARES</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>VISHAY INTERTECHNOLOGY, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>NORWOOD FINANCIAL CORP.</name>
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        <name>CVD EQUIPMENT CORPORATION</name>
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        <name>Valaris Limited</name>
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        <name>UNIFI, INC.</name>
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        <name>Cumberland Pharmaceuticals Inc</name>
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        <name>NORTHFIELD BANCORP, INC.</name>
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        <name>CONTEXTLOGIC INC.</name>
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        <name>VITESSE ENERGY, INC.</name>
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        <name>INDEPENDENT BANK CORPORATION</name>
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        <name>EVANS BANCORP, INC.</name>
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        <name>NORTECH SYSTEMS INCORPORATED</name>
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        <title>NORTECH SYSTEMS INC</title>
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        <name>Marcus &amp; Millichap Inc</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>VELOCITY FINANCIAL, INC.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CAPITAL BANCORP, INC.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>INGEVITY CORPORATION</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>GROCERY OUTLET HOLDING CORP.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>SAGE THERAPEUTICS, INC.</name>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>LIVE VENTURES INCORPORATED</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Sana Biotechnology Inc</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>ICHOR HOLDINGS, LTD.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>GENPACT LIMITED</name>
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        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>ADVERUM BIOTECHNOLOGIES, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>FIRST FINANCIAL BANCORP.</name>
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        <name>GLOBE LIFE INC.</name>
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        <name>INNOVATIVE SOLUTIONS AND SUPPORT, INC.</name>
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        <name>Oramed Pharmaceuticals Inc</name>
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        <name>HUDSON GLOBAL, INC.</name>
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        <name>Plumas Bancorp</name>
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        <name>NI HOLDINGS, INC.</name>
        <lei>549300LLJVCO2EGU3180</lei>
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        <name>ALTA EQUIPMENT GROUP INC.</name>
        <lei>549300DGOB28CLGS1X27</lei>
        <title>ALTA EQUIPMENT GROUP INC</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>HERITAGE COMMERCE CORP</name>
        <lei>549300CLIS851ELSR406</lei>
        <title>HERITAGE COMMERCE CORP</title>
        <cusip>426927109</cusip>
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          <isin value="US4269271098"/>
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        <balance>378593.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>APA CORPORATION</name>
        <lei>549300VCIWLRHYVSHC79</lei>
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        <cusip>03743Q108</cusip>
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          <isin value="US03743Q1085"/>
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        <balance>1507431.00000000</balance>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Tactile Systems Technology Inc</name>
        <lei>54930069VDTITHOTKJ98</lei>
        <title>TACTILE SYSTEMS TECHNOLOGY INC</title>
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          <isin value="US87357P1003"/>
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        <balance>140913.00000000</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>AMERICAN WOODMARK CORPORATION</name>
        <lei>5299007PFSDWMA74RB56</lei>
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          <isin value="US0305061097"/>
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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>SOUTHLAND HOLDINGS, INC.</name>
        <lei>N/A</lei>
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          <isin value="US84445C1009"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MONARCH CASINO &amp; RESORT, INC.</name>
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          <isin value="US6090271072"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>FULL HOUSE RESORTS, INC.</name>
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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>HERITAGE FINANCIAL CORPORATION</name>
        <lei>N/A</lei>
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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>RYDER SYSTEM, INC.</name>
        <lei>ZXJ6Y2OSPZXIVGRILD15</lei>
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          <isin value="US7835491082"/>
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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>PHIBRO ANIMAL HEALTH CORPORATION</name>
        <lei>549300U24SP4AF2JUX52</lei>
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          <isin value="US71742Q1067"/>
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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>NATHAN'S FAMOUS, INC.</name>
        <lei>54930034SKNSF1JIE673</lei>
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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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        <name>ZIFF DAVIS, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>SMITH &amp; WESSON BRANDS, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>MP MATERIALS CORP</name>
        <lei>89450063PHPS61USMT84</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>CALEDONIA MINING CORPORATION PLC</name>
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        <invCountry>JE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>AXCELIS TECHNOLOGIES, INC.</name>
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        <name>MEI PHARMA, INC.</name>
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        <name>CORSAIR GAMING, INC.</name>
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        <name>CROWN CRAFTS, INC.</name>
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        <name>BANKFINANCIAL CORPORATION</name>
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        <name>SKYWEST, INC.</name>
        <lei>529900UYS2KGS6Z42P09</lei>
        <title>SKYWEST INC</title>
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        <name>TRONOX HOLDINGS PLC</name>
        <lei>549300NRVC84SGJSXV06</lei>
        <title>TRONOX HOLDINGS PLC</title>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Regenxbio Inc</name>
        <lei>549300EOES47LATSET33</lei>
        <title>REGENXBIO INC</title>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Xerox Holdings Corp</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CVR ENERGY, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Amplify Energy Corp</name>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>KEARNY FINANCIAL CORP.</name>
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          <isin value="US48716P1084"/>
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        <balance>385263.00000000</balance>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Dorian LPG Ltd.</name>
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        <assetCat>EC</assetCat>
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        <invCountry>MH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>GRAHAM CORPORATION</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>MARINEMAX, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>TAYLOR DEVICES, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>HAYWARD HOLDINGS, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>BARNES &amp; NOBLE EDUCATION, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>PONCE FINANCIAL GROUP, INC.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>TOWNSQUARE MEDIA, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>ORGANOGENESIS HOLDINGS INC.</name>
        <lei>549300RLC2O821TU6941</lei>
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        <name>MR. COOPER GROUP INC.</name>
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        <name>DANA INCORPORATED</name>
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        <name>PROTARA THERAPEUTICS, INC.</name>
        <lei>549300VWUGH3220TG273</lei>
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        <name>CIVISTA BANCSHARES, INC.</name>
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        <name>UNIVERSAL ELECTRONICS INC.</name>
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        <name>TTM TECHNOLOGIES, INC.</name>
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        <name>First Community Bankshares, Inc.</name>
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        <name>FASTLY, INC.</name>
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        <name>FIRST NORTHWEST BANCORP</name>
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        <title>FIRST NORTHWEST BANCORP</title>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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        <name>ULTRALIFE CORPORATION</name>
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        <name>LIMONEIRA COMPANY</name>
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        <name>HOME BANCORP, INC.</name>
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        <name>TRANSACT TECHNOLOGIES INCORPORATED</name>
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        <name>GENCOR INDUSTRIES, INC.</name>
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        <name>TREEHOUSE FOODS, INC.</name>
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        <name>Karat Packaging Inc</name>
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        <name>GENTHERM INCORPORATED</name>
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        <name>PEOPLES BANCORP INC.</name>
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        <name>DOUGLAS DYNAMICS, INC.</name>
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        <name>QUIDELORTHO CORPORATION</name>
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        <name>GREAT LAKES DREDGE &amp; DOCK CORPORATION</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>EDUCATIONAL DEVELOPMENT CORPORATION</name>
        <lei>254900CR48GDX3OIGC82</lei>
        <title>EDUCATIONAL DEVELOPMENT CORP</title>
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          <isin value="US2814791057"/>
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        <balance>4239.00000000</balance>
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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>DHI GROUP, INC.</name>
        <lei>529900489RAC0CU0AO81</lei>
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          <isin value="US23331S1006"/>
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        <balance>99772.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>NELNET, INC.</name>
        <lei>549300T6B0Q52I6OM558</lei>
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          <isin value="US64031N1081"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>KIRBY CORPORATION</name>
        <lei>I7NO6FZO5GUCG585T325</lei>
        <title>KIRBY CORP</title>
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          <isin value="US4972661064"/>
          <other otherDesc="Internal" value="2493534"/>
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        <balance>122332.00000000</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>
      <invstOrSec>
        <name>JACKSON FINANCIAL INC.</name>
        <lei>213800WXW2KG1N4CO374</lei>
        <title>JACKSON FINANCIAL INC</title>
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          <isin value="US46817M1071"/>
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        <balance>502514.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Sapiens International Corporation N.V.</name>
        <lei>N/A</lei>
        <title>SAPIENS INTERNATIONAL CORP NV</title>
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          <isin value="KYG7T16G1039"/>
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        <balance>19438.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>532406.82000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>EPSILON ENERGY LTD.</name>
        <lei>N/A</lei>
        <title>EPSILON ENERGY LTD</title>
        <cusip>294375209</cusip>
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          <isin value="CA2943752097"/>
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        <balance>95586.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</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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          <isin value="US33748L1017"/>
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        <balance>301135.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>W V S FINANCIAL CORP.</name>
        <lei>N/A</lei>
        <title>WVS FINANCIAL CORP</title>
        <cusip>929358109</cusip>
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          <isin value="US9293581099"/>
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        <balance>1304.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>16084.84000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GREEN DOT CORPORATION</name>
        <lei>N/A</lei>
        <title>GREEN DOT CORP</title>
        <cusip>39304D102</cusip>
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          <isin value="US39304D1028"/>
          <other otherDesc="Internal" value="B3WNNP3"/>
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        <balance>313709.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SEACOR MARINE HOLDINGS INC.</name>
        <lei>5493003LNKFW1W43N030</lei>
        <title>SEACOR MARINE HOLDINGS INC</title>
        <cusip>78413P101</cusip>
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          <isin value="US78413P1012"/>
          <other otherDesc="Internal" value="BDR7T18"/>
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        <balance>161527.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>LAUREATE EDUCATION, INC.</name>
        <lei>5JL7TMOH5TY3IUYSUP91</lei>
        <title>LAUREATE EDUCATION INC</title>
        <cusip>518613203</cusip>
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          <isin value="US5186132032"/>
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        <balance>728240.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>14615776.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>REGIONAL MANAGEMENT CORP.</name>
        <lei>549300S5O87W87JW4146</lei>
        <title>REGIONAL MANAGEMENT CORP</title>
        <cusip>75902K106</cusip>
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          <isin value="US75902K1060"/>
          <other otherDesc="Internal" value="B719DK5"/>
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        <balance>59727.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1966810.11000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>U.S. GLOBAL INVESTORS, INC.</name>
        <lei>529900IRM26R91LI8531</lei>
        <title>US GLOBAL INVESTORS INC</title>
        <cusip>902952100</cusip>
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          <isin value="US9029521005"/>
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        <balance>7255.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Penguin Solutions, Inc.</name>
        <lei>529900RDGHQY8XKXPN14</lei>
        <title>PENGUIN SOLUTIONS INC</title>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>KB HOME</name>
        <lei>549300LGUCWQURMWLG09</lei>
        <title>KB HOME</title>
        <cusip>48666K109</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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        <name>RUSH ENTERPRISES, INC.</name>
        <lei>529900V3XHTN7A6DFT17</lei>
        <title>RUSH ENTERPRISES INC</title>
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        <name>FIRST CAPITAL, INC.</name>
        <lei>N/A</lei>
        <title>FIRST CAPITAL INC</title>
        <cusip>31942S104</cusip>
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        <name>FIRST UNITED CORPORATION</name>
        <lei>549300G54QPXQLB4KN58</lei>
        <title>FIRST UNITED CORP</title>
        <cusip>33741H107</cusip>
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        <fairValLevel>1</fairValLevel>
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        <name>LEGGETT &amp; PLATT, INCORPORATED</name>
        <lei>DKOVQUCDW4ZLYCUD4T55</lei>
        <title>LEGGETT PLATT 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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      <invstOrSec>
        <name>TOP SHIPS INC.</name>
        <lei>549300MWKDPUU7NJX050</lei>
        <title>TOP SHIPS INC</title>
        <cusip>Y8897Y230</cusip>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>AerSale Corp</name>
        <lei>N/A</lei>
        <title>AERSALE CORP</title>
        <cusip>00810F106</cusip>
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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>OPIANT PHARMA INC CVR</name>
        <lei>N/A</lei>
        <title>OPIANT PHARMA INC CVR</title>
        <cusip>683CVR013</cusip>
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        <balance>11182.00000000</balance>
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        <curCd>USD</curCd>
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        <name>Design Therapeutics Inc</name>
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        <name>IDENTIV, INC.</name>
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        <name>Relay Therapeutics Inc</name>
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        <name>ASPEN AEROGELS, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>HAEMONETICS CORPORATION</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>COLUMBIA SPORTSWEAR COMPANY</name>
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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>EHEALTH, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>UNUM GROUP</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>VIRTUS INVESTMENT PARTNERS, INC.</name>
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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>SENSATA TECHNOLOGIES HOLDING PLC</name>
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        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SOUTHSTATE CORPORATION</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SANDRIDGE ENERGY, INC.</name>
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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>URBAN OUTFITTERS, INC.</name>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SYNOVUS FINANCIAL CORP.</name>
        <lei>549300EIUS8UN5JTLE54</lei>
        <title>SYNOVUS FINANCIAL CORP</title>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>STITCH FIX, INC.</name>
        <lei>549300TNHOVBOJZIYE72</lei>
        <title>STITCH FIX 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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        <name>SKECHERS U.S.A., INC.</name>
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        <title>SKECHERS U S A INC</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ETHAN ALLEN INTERIORS INC.</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>CODA OCTOPUS GROUP, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>SoundThinking Inc</name>
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        <title>SOUNDTHINKING INC</title>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>FIRST BUSEY CORPORATION</name>
        <lei>549300X4ZNLYSX7GUY60</lei>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>KODIAK GAS SERVICES, INC.</name>
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        <name>NATIONAL BANKSHARES, INC.</name>
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        <name>DOLE PUBLIC LIMITED COMPANY</name>
        <lei>635400JUG5XJXOPPJJ47</lei>
        <title>DOLE PLC</title>
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        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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        <name>TOPGOLF CALLAWAY BRANDS CORP.</name>
        <lei>5493005UB0KFRKBPCU72</lei>
        <title>TOPGOLF CALLAWAY BRND CRP</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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      <invstOrSec>
        <name>Third Harmonic Bio Inc</name>
        <lei>N/A</lei>
        <title>THIRD HARMONIC BIO INC</title>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Intelligent Protection Management Corp</name>
        <lei>N/A</lei>
        <title>INTELLIGENT PROTECTION MANAGEMENT CORP</title>
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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>Caleres Inc.</name>
        <lei>JFU6RQQJ8Z1CPOLBXQ18</lei>
        <title>CALERES INC</title>
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        <name>COSTAMARE INC.</name>
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        <name>PACIFIC PREMIER BANCORP, INC.</name>
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        <name>ASSOCIATED BANC-CORP</name>
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        <name>PENN Entertainment, Inc.</name>
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        <name>Day One Biopharmaceuticals Inc</name>
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        <name>FIRST COMMONWEALTH FINANCIAL CORPORATION</name>
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        <name>COMPX INTERNATIONAL INC.</name>
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        <name>COMTECH TELECOMMUNICATIONS CORP.</name>
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        <name>MIRION TECHNOLOGIES, INC.</name>
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        <name>Electromed Inc</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>MATTEL, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Montauk Renewables Inc</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>ORTHOFIX MEDICAL INC.</name>
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        <name>AAR CORP.</name>
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        <name>LANDSEA HOMES CORPORATION</name>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>MERCURY GENERAL CORPORATION</name>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>AFFILIATED MANAGERS GROUP, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>JEFFERIES FINANCIAL GROUP INC.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>CTS CORPORATION</name>
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        <fairValLevel>1</fairValLevel>
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        <name>1stdibs.Com Inc</name>
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        <name>Oak Valley Bancorp</name>
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        <name>ATLANTIC AMERICAN CORPORATION</name>
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        <name>AMERICA'S CAR-MART, INC.</name>
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        <name>RILEY EXPLORATION PERMIAN, INC.</name>
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        <name>AMC NETWORKS INC.</name>
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        <name>SIGHT SCIENCES, INC.</name>
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        <name>WATERSTONE FINANCIAL, INC.</name>
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        <name>OMNICELL, INC.</name>
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        <name>DELUXE CORPORATION</name>
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        <name>AUBURN NATIONAL BANCORPORATION, INC.</name>
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      <invstOrSec>
        <name>MIDLAND STATES BANCORP, INC.</name>
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      <invstOrSec>
        <name>AVANOS MEDICAL, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>PETMED EXPRESS, INC.</name>
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        <name>STABILIS SOLUTIONS, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>CONMED CORPORATION</name>
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        <name>UMB FINANCIAL CORPORATION</name>
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        <name>UNIVERSAL HEALTH SERVICES, INC.</name>
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        <name>KENNEDY-WILSON HOLDINGS, INC.</name>
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        <name>FIRST COMMUNITY CORPORATION</name>
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        <fairValLevel>1</fairValLevel>
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        <name>NEWELL BRANDS INC.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>ENHABIT, INC.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>EVI INDUSTRIES, INC.</name>
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        <name>INTEGRAL AD SCIENCE HOLDING CORP.</name>
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        <name>GAMBLING.COM GROUP LIMITED</name>
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        <name>THE ANDERSONS, INC</name>
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        <name>ECOVYST INC.</name>
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        <name>XOMA CORP CVR</name>
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        <name>VERA BRADLEY, INC.</name>
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        <name>TRINITY INDUSTRIES, INC.</name>
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        <name>Personalis Inc</name>
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        <name>THE RMR GROUP INC.</name>
        <lei>549300JP4L34E48UJM16</lei>
        <title>RMR GROUP INC THE</title>
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        <name>NOV INC.</name>
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        <name>RANGE RESOURCES CORPORATION</name>
        <lei>H3Y3WLYCX0BTO1TRW162</lei>
        <title>RANGE RESOURCES CORP</title>
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        <name>FRANKLIN WIRELESS CORP.</name>
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        <name>Renasant Corporation</name>
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        <name>Sunrise Communications AG</name>
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        <name>Blade Air Mobility Inc</name>
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        <name>INDEPENDENT BANK CORP.</name>
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        <name>Olo Inc</name>
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        <name>PERFORMANCE FOOD GROUP COMPANY</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Nautilus Biotechnology Inc</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>DORMAN PRODUCTS, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Teekay Tankers Ltd.</name>
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        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>FLANIGAN'S ENTERPRISES, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Dominari Holdings Inc</name>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>G-III APPAREL GROUP, LTD.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>COTY INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ADT INC.</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>TRUEBLUE, INC.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>RAYONIER ADVANCED MATERIALS INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>MONRO, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>MARTEN TRANSPORT, LTD.</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>UNITED BANCSHARES, INC.</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Hawkins, Inc.</name>
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        <name>WESTERN NEW ENGLAND BANCORP, INC.</name>
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        <name>NN, INC.</name>
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        <name>RBB BANCORP</name>
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        <name>AZENTA, INC.</name>
        <lei>35ZN6X1ANPH25YN32Y17</lei>
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        <name>LAKELAND INDUSTRIES, INC.</name>
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        <name>DNOW INC.</name>
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        <title>DNOW INC</title>
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        <name>WINTRUST FINANCIAL CORPORATION</name>
        <lei>Q774KI4AW80FHFW33O61</lei>
        <title>WINTRUST FINANCIAL CORP</title>
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        <fairValLevel>1</fairValLevel>
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        <name>WHITE MOUNTAINS INSURANCE GROUP, LTD.</name>
        <lei>549300N3FL068JERBG02</lei>
        <title>WHITE MOUNTAINS INSURANCE GROUP LTD</title>
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        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>NATURAL ALTERNATIVES INTERNATIONAL, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>HOME BANCSHARES, INC.</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>THE GAP, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>KNOWLES CORPORATION</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Avidxchange Holdings Inc</name>
        <lei>N/A</lei>
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          <isin value="US05368X1028"/>
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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>CITIZENS &amp; NORTHERN CORPORATION</name>
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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>GREENLIGHT CAPITAL RE, LTD.</name>
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        <title>GREENLIGHT CAPITAL RE LTD</title>
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          <isin value="KYG4095J1094"/>
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        <assetCat>EC</assetCat>
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        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>JAKKS PACIFIC, INC.</name>
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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>The Bank of N.T. Butterfield &amp; Son Limited</name>
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        <title>BANK OF NT BUTTERFIELD SON LTD THE</title>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Koppers Holdings Inc.</name>
        <lei>N/A</lei>
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          <isin value="US50060P1066"/>
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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>PRINCETON BANCORP, INC.</name>
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        <balance>8011.00000000</balance>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>PepGen Inc</name>
        <lei>N/A</lei>
        <title>PEPGEN INC</title>
        <cusip>713317105</cusip>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>FIRST BUSINESS FINANCIAL SERVICES, INC.</name>
        <lei>549300BXKLW2T50TKU95</lei>
        <title>FIRST BUSINESS FINANCIAL SERVICES INC</title>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>PROVIDENT FINANCIAL SERVICES, INC.</name>
        <lei>529900JOSO3SXEDVE477</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Hallador Energy Company</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Affinity Bancshares Inc</name>
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        <title>AFFINITY BANCSHARES INC</title>
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        <name>FIDELIS INSURANCE HOLDINGS LIMITED</name>
        <lei>549300CDMGCAGJQ7DX03</lei>
        <title>FIDELIS INSURANCE HOLDINGS LTD</title>
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        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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        <name>PILGRIM'S PRIDE CORPORATION</name>
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        <title>PILGRIM S PRIDE CORP</title>
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        <invCountry>US</invCountry>

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        <name>TOOTSIE ROLL INDUSTRIES, INC.</name>
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        <title>TOOTSIE ROLL INDUSTRIES INC</title>
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        <name>PUMA BIOTECHNOLOGY, INC.</name>
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        <name>1ST SOURCE CORPORATION</name>
        <lei>N/A</lei>
        <title>1ST SOURCE CORP</title>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>TERAWULF INC.</name>
        <lei>254900CVMW1SX2T78A64</lei>
        <title>TERAWULF INC</title>
        <cusip>88080T104</cusip>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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        <fairValLevel>1</fairValLevel>
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        <name>AXIS CAPITAL HOLDINGS LIMITED</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>NEOGENOMICS, INC.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Popular, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>NPK INTERNATIONAL INC.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>ONITY GROUP INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Instil Bio Inc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Data Storage Corp</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>SELECT WATER SOLUTIONS, INC.</name>
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        <name>HAVERTY FURNITURE COMPANIES, INC.</name>
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        <name>MISTER CAR WASH, INC.</name>
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        <name>INOTIV, INC.</name>
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        <name>MCGRATH RENTCORP</name>
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        <name>WIDEOPENWEST, INC.</name>
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        <name>ARQ, INC.</name>
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        <name>HARBORONE BANCORP, INC.</name>
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        <name>OPENLANE, INC.</name>
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        <name>LANDS' END, INC.</name>
        <lei>54930016WOL7P2P67Q43</lei>
        <title>LANDS END INC</title>
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        <name>PERIMETER SOLUTIONS, INC.</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SM ENERGY COMPANY</name>
        <lei>84BUTVXV5ODI6BXNMH43</lei>
        <title>SM ENERGY CO</title>
        <cusip>78454L100</cusip>
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          <isin value="US78454L1008"/>
          <other otherDesc="Internal" value="2764188"/>
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        <balance>755984.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>17228875.36000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GUESS ?, INC.</name>
        <lei>549300QVH3ZK2DW0KP86</lei>
        <title>GUESS INC</title>
        <cusip>401617105</cusip>
        <identifiers>
          <isin value="US4016171054"/>
          <other otherDesc="Internal" value="2387109"/>
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        <balance>327491.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3684273.75000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <loanByFundCondition isLoanByFund="Y" loanVal="3722687.77999999"/>
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      </invstOrSec>
      <invstOrSec>
        <name>SUMMIT STATE BANK</name>
        <lei>N/A</lei>
        <title>SUMMIT STATE BANK</title>
        <cusip>866264203</cusip>
        <identifiers>
          <isin value="US8662642037"/>
          <other otherDesc="Internal" value="B197DL0"/>
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        <balance>2419.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>21867.76000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MOLSON COORS BEVERAGE COMPANY</name>
        <lei>54930073LBBH6ZCBE225</lei>
        <title>MOLSON COORS BREWING COMPANY</title>
        <cusip>60871R209</cusip>
        <identifiers>
          <isin value="US60871R2094"/>
          <other otherDesc="Internal" value="B067BM3"/>
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        <balance>1075621.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>61880476.13000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>89Bio Inc</name>
        <lei>N/A</lei>
        <title>89BIO INC</title>
        <cusip>282559103</cusip>
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          <isin value="US2825591033"/>
          <other otherDesc="Internal" value="BK1K484"/>
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        <balance>3291.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>26393.82000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>URBAN ONE, INC.</name>
        <lei>549300PLGIGPBRQUP240</lei>
        <title>URBAN ONE INC</title>
        <cusip>91705J204</cusip>
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          <isin value="US91705J2042"/>
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        <balance>27635.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>14149.12000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BGSF, INC.</name>
        <lei>549300AUC6I9ZG3KKQ91</lei>
        <title>BGSF INC</title>
        <cusip>05601C105</cusip>
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          <isin value="US05601C1053"/>
          <other otherDesc="Internal" value="BLDD8L9"/>
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        <balance>62308.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>205616.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Triumph Financial, Inc.</name>
        <lei>5493003RNRMEVYDZ1Q52</lei>
        <title>TRIUMPH FINANCIAL INC</title>
        <cusip>89679E300</cusip>
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          <isin value="US89679E3009"/>
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        <balance>86040.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4596256.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>UNITED COMMUNITY BANKS, INC.</name>
        <lei>549300GVW0FV66X3U703</lei>
        <title>UNITED COMMUNITY BANKS INC GA</title>
        <cusip>90984P303</cusip>
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          <isin value="US90984P3038"/>
          <other otherDesc="Internal" value="2862156"/>
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        <balance>702861.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>19405992.21000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>INVESTORS TITLE COMPANY</name>
        <lei>N/A</lei>
        <title>INVESTORS TITLE CO</title>
        <cusip>461804106</cusip>
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          <isin value="US4618041069"/>
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        <balance>10688.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2470958.72000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ARCOSA, INC.</name>
        <lei>549300WFHLTCZV7D6V29</lei>
        <title>ARCOSA INCORPORATED</title>
        <cusip>039653100</cusip>
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          <isin value="US0396531008"/>
          <other otherDesc="Internal" value="BGPZ5W8"/>
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        <balance>206864.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>16563600.48000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MATTHEWS INTERNATIONAL CORPORATION</name>
        <lei>549300ZVC5O0ATML6U61</lei>
        <title>MATTHEWS INTERNATIONAL CORP</title>
        <cusip>577128101</cusip>
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          <isin value="US5771281012"/>
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        <balance>185627.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3796072.15000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SOUTHERN FIRST BANCSHARES, INC.</name>
        <lei>N/A</lei>
        <title>SOUTHERN FIRST BANCSHARES INC</title>
        <cusip>842873101</cusip>
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          <isin value="US8428731017"/>
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        <balance>45997.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>INNOSPEC INC.</name>
        <lei>213800SQBACNY5IWJO68</lei>
        <title>INNOSPEC INC</title>
        <cusip>45768S105</cusip>
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          <isin value="US45768S1050"/>
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        <balance>171258.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>KRONOS WORLDWIDE, INC.</name>
        <lei>549300OBZ34C65APL277</lei>
        <title>KRONOS WORLDWIDE INC</title>
        <cusip>50105F105</cusip>
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          <isin value="US50105F1057"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FULTON FINANCIAL CORPORATION</name>
        <lei>5493005QLZ6O1BNC0C11</lei>
        <title>FULTON FINANCIAL CORP</title>
        <cusip>360271100</cusip>
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          <isin value="US3602711000"/>
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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>OVINTIV INC.</name>
        <lei>2549003MEX7YMKLGI239</lei>
        <title>OVINTIV INC</title>
        <cusip>69047Q102</cusip>
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          <isin value="US69047Q1022"/>
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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>AMPCO-PITTSBURGH CORPORATION</name>
        <lei>N/A</lei>
        <title>AMPCO PITTSBURGH CORP</title>
        <cusip>032037103</cusip>
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          <isin value="US0320371034"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NETSCOUT SYSTEMS, INC.</name>
        <lei>5493005HZXZ3SPNVCV76</lei>
        <title>NETSCOUT SYSTEMS INC</title>
        <cusip>64115T104</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>ENVISTA HOLDINGS CORPORATION</name>
        <lei>549300BX623VURJZ5269</lei>
        <title>ENVISTA HOLDINGS CORP</title>
        <cusip>29415F104</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>NORTHEAST BANK</name>
        <lei>549300F0LV9TSW34E306</lei>
        <title>NORTHEAST BANK</title>
        <cusip>66405S100</cusip>
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          <isin value="US66405S1006"/>
          <other otherDesc="Internal" value="BJXSDM6"/>
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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>PAR PACIFIC HOLDINGS, INC.</name>
        <lei>549300BTNS7MHSHRLR55</lei>
        <title>PAR PACIFIC HOLDINGS INC</title>
        <cusip>69888T207</cusip>
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        <balance>84201.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Rafael Holdings Inc</name>
        <lei>N/A</lei>
        <title>RAFAEL HOLDINGS INC</title>
        <cusip>75062E106</cusip>
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        <balance>18063.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>28539.54000000</valUSD>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>ENERSYS</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>FLEXIBLE SOLUTIONS INTERNATIONAL INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>DONEGAL GROUP INC.</name>
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      <invstOrSec>
        <name>Douglas Elliman Inc</name>
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        <name>Signet Jewelers Limited</name>
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        <fairValLevel>1</fairValLevel>
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        <name>COLUMBIA BANKING SYSTEM, INC.</name>
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        <name>SHOE CARNIVAL, INC.</name>
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        <name>BANK OZK</name>
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        <name>HEARTLAND EXPRESS, INC.</name>
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        <name>CEVA, INC</name>
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        <name>VOYA FINANCIAL, INC.</name>
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        <name>PAMT CORP</name>
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        <name>DHT HOLDINGS, INC.</name>
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        <name>S &amp; T BANCORP, INC.</name>
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        <name>CARS.COM INC.</name>
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        <name>HENNESSY ADVISORS, INC.</name>
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        <name>MAXIMUS, INC.</name>
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        <name>CREATIVE REALITIES, INC.</name>
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        <name>UNITED FIRE GROUP, INC.</name>
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        <name>FRESH DEL MONTE PRODUCE INC.</name>
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        <name>MUELLER INDUSTRIES, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>KULICKE AND SOFFA INDUSTRIES, INC.</name>
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      <invstOrSec>
        <name>SUNATION ENERGY, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>WESTLAKE CORPORATION</name>
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        <name>FORTUNE BRANDS INNOVATIONS, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>FLEXSTEEL INDUSTRIES, INC.</name>
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        <invCountry>US</invCountry>

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        <fairValLevel>1</fairValLevel>
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        <name>TELOS CORPORATION</name>
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        <fairValLevel>1</fairValLevel>
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        <name>HAMILTON BEACH BRANDS HOLDING COMPANY</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Kezar Life Sciences Inc</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>READING INTERNATIONAL, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>CULP, INC.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Agios Pharmaceuticals Inc</name>
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        <name>BANCFIRST CORPORATION</name>
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        <name>AVNET, INC.</name>
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        <name>VISHAY PRECISION GROUP, INC.</name>
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        <name>FORUM ENERGY TECHNOLOGIES, INC.</name>
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        <name>LCNB CORP.</name>
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        <name>MATADOR RESOURCES COMPANY</name>
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        <name>Fulcrum Therapeutics Inc</name>
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        <name>Electro-Sensors, Inc.</name>
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        <name>HANOVER BANCORP, INC.</name>
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        <name>KVH INDUSTRIES, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Capri Holdings Limited</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>HUNTSMAN CORPORATION</name>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>NACCO INDUSTRIES, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>LCI INDUSTRIES</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>MaxCyte Inc</name>
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          <isin value="US57777K1060"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>TILLY'S, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>CENTRAL GARDEN &amp; PET COMPANY</name>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>TRI POINTE HOMES, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>DESTINATION XL GROUP, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CLARITEV CORPORATION</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>NORDIC AMERICAN TANKERS LIMITED</name>
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        <title>NORDIC AMERICAN TANKERS LTD</title>
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          <isin value="BMG657731060"/>
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        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>NATIONAL VISION HOLDINGS, INC.</name>
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        <title>NATIONAL VISION HOLDINGS INC</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Xperi Inc</name>
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        <name>MOTORCAR PARTS OF AMERICA, INC.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>GOHEALTH, INC.</name>
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        <name>FINWARD BANCORP</name>
        <lei>N/A</lei>
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        <name>PACIRA BIOSCIENCES, INC.</name>
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        <name>GANNETT CO., INC.</name>
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        <title>GANNETT CO INC</title>
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        <name>FREQUENCY ELECTRONICS, INC.</name>
        <lei>549300S56SO2JB5JBE31</lei>
        <title>FREQUENCY ELECTRONICS INC</title>
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        <name>CREXENDO, INC.</name>
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        <name>SONIC AUTOMOTIVE, INC.</name>
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        <title>SONIC AUTOMOTIVE INC</title>
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        <name>Black Diamond Therapeutics Inc</name>
        <lei>N/A</lei>
        <title>BLACK DIAMOND THERAPEUTICS INC</title>
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      <invstOrSec>
        <name>THE BOSTON BEER COMPANY, INC.</name>
        <lei>529900Q02MQ0DCQNRM58</lei>
        <title>BOSTON BEER COMPANY INC A</title>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>ORASURE TECHNOLOGIES, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>MEXCO ENERGY CORPORATION</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CONAGRA BRANDS, INC.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>GATES INDUSTRIAL CORPORATION PLC</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>UNITED NATURAL FOODS, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>OXFORD INDUSTRIES INC</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Alector Inc</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>JANUS INTERNATIONAL GROUP, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>AMERICAN AXLE &amp; MANUFACTURING HOLDINGS, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>KAISER ALUMINUM CORPORATION</name>
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        <fairValLevel>1</fairValLevel>
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        <name>IPG PHOTONICS CORPORATION</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>SAGA COMMUNICATIONS, INC.</name>
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        <name>INNOVEX INTERNATIONAL, INC.</name>
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        <name>PARK-OHIO HOLDINGS CORP.</name>
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        <name>REPUBLIC BANCORP, INC.</name>
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        <title>REPUBLIC BANCORP INC KY</title>
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        <name>AZZ INC.</name>
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        <name>LIVANOVA PLC</name>
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        <name>WALKER &amp; DUNLOP, INC.</name>
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        <name>MEDALLION FINANCIAL CORP.</name>
        <lei>549300FJ4FMGJ2C34Y48</lei>
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        <name>USANA HEALTH SCIENCES, INC.</name>
        <lei>549300YTURXE814MAH96</lei>
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        <name>MALIBU BOATS, INC.</name>
        <lei>N/A</lei>
        <title>MALIBU BOATS INC</title>
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        <fairValLevel>1</fairValLevel>
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        <name>TEGNA INC.</name>
        <lei>549300YC5EDBGX85AO10</lei>
        <title>TEGNA INC</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>FLOTEK INDUSTRIES, INC.</name>
        <lei>549300TF60OEK4FPPC44</lei>
        <title>FLOTEK INDUSTRIES INC</title>
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        <name>S P 500 EMINI FUTURE JUN25</name>
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        <name>LIBERTY BROADBAND CORPORATION</name>
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        <name>Edgewell Personal Care Company</name>
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        <name>Cullinan Therapeutics Inc</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>BOISE CASCADE COMPANY</name>
        <lei>549300Z8B8LSRHC7XA55</lei>
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          <isin value="US09739D1000"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>BANKWELL FINANCIAL GROUP, INC.</name>
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          <isin value="US06654A1034"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>RESIDEO TECHNOLOGIES, INC.</name>
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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>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Voyager Therapeutics Inc</name>
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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>HEALTHCARE SERVICES GROUP, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CELANESE CORPORATION</name>
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          <isin value="US1508701034"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>FERROGLOBE PLC</name>
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        <title>FERROGLOBE PLC</title>
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          <isin value="GB00BYW6GV68"/>
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        <balance>149797.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>OFG BANCORP</name>
        <lei>549300Q4QEXJ37LEXQ06</lei>
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          <isin value="PR67103X1020"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LKQ CORPORATION</name>
        <lei>DS830JTTZQN6GK0I2E41</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>AC Immune SA</name>
        <lei>967600VLQ0ZC2HSOG765</lei>
        <title>AC IMMUNE SA</title>
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        <balance>15797.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>CH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Everspin Technologies Inc</name>
        <lei>549300MNDRV7X6PEDF15</lei>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>NU SKIN ENTERPRISES, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>WILLIS LEASE FINANCE CORPORATION</name>
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        <name>ASCENT INDUSTRIES CO.</name>
        <lei>549300U2S5125001TS43</lei>
        <title>ASCENT INDUSTRIES CO</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>CoreCard Corporation</name>
        <lei>N/A</lei>
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        <name>CAESARS ENTERTAINMENT, INC.</name>
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        <name>LENDINGCLUB CORPORATION</name>
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        <name>BANC OF CALIFORNIA, INC.</name>
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        <name>PATTERSON-UTI ENERGY, INC.</name>
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        <name>PEDIATRIX MEDICAL GROUP, INC.</name>
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        <name>Madison Square Garden Entertainment Corp</name>
        <lei>N/A</lei>
        <title>MADISON SQUARE GARDEN ENTERTAI</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>OSHKOSH CORPORATION</name>
        <lei>549300FEKNPCFSA2B506</lei>
        <title>OSHKOSH TRUCK CORP</title>
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          <isin value="US6882392011"/>
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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>Bioceres Crop Solutions Corp.</name>
        <lei>549300SBSSIZUVSY4U27</lei>
        <title>BIOCERES CROP SOLUTIONS CORP</title>
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          <isin value="KYG1117K1141"/>
          <other otherDesc="Internal" value="BJT1RX8"/>
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        <balance>3423.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>HAVERTY FURNITURE COMPANIES, INC.</name>
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        <title>HAVERTY FURNITURE COS INC</title>
        <cusip>419596101</cusip>
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          <isin value="US4195961010"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Mastech Digital, Inc.</name>
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          <isin value="US57633B1008"/>
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        <balance>14357.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HOLLEY INC.</name>
        <lei>254900EEM9JI9G1A4D88</lei>
        <title>HOLLEY INC</title>
        <cusip>43538H103</cusip>
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          <isin value="US43538H1032"/>
          <other otherDesc="Internal" value="BNT8W10"/>
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        <balance>205956.00000000</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>CF BANKSHARES INC.</name>
        <lei>5493005T7GGZJKF4UK64</lei>
        <title>CF BANKSHARES INC</title>
        <cusip>12520L109</cusip>
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          <isin value="US12520L1098"/>
          <other otherDesc="Internal" value="BN2XDN1"/>
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        <balance>3211.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PLEXUS CORP.</name>
        <lei>549300W7HCBI5YT25I79</lei>
        <title>PLEXUS CORP</title>
        <cusip>729132100</cusip>
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          <isin value="US7291321005"/>
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        <balance>182858.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WERNER ENTERPRISES, INC.</name>
        <lei>549300P6XRGOCHHJST37</lei>
        <title>WERNER ENTERPRISES INC</title>
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          <isin value="US9507551086"/>
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        <balance>400267.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>IZEA Worldwide Inc</name>
        <lei>549300ZNN8UBT1IUHO61</lei>
        <title>IZEA WORLDWIDE INC</title>
        <cusip>46604H204</cusip>
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          <isin value="US46604H2040"/>
          <other otherDesc="Internal" value="BQ80FM0"/>
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        <balance>8403.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>STRATEGIC EDUCATION, INC.</name>
        <lei>2549002UYIM8Q5EC8H36</lei>
        <title>STRATEGIC EDUCATION INC</title>
        <cusip>86272C103</cusip>
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          <isin value="US86272C1036"/>
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        <balance>152340.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Tectonic Therapeutic Inc</name>
        <lei>N/A</lei>
        <title>TECTONIC THERAPEUTIC INC</title>
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          <isin value="US8789721086"/>
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        <balance>465.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GREIF, INC.</name>
        <lei>54930070FVGKR0Z1FI24</lei>
        <title>GREIF INC</title>
        <cusip>397624206</cusip>
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          <isin value="US3976242061"/>
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        <balance>37978.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>STRATUS PROPERTIES INC.</name>
        <lei>5493008I6ZRDZWT8ZZ15</lei>
        <title>STRATUS PROPERTIES INC</title>
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          <isin value="US8631672016"/>
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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>TFS FINANCIAL CORPORATION</name>
        <lei>N/A</lei>
        <title>TFS FINANCIAL CORP</title>
        <cusip>87240R107</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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      <invstOrSec>
        <name>FVCBankcorp, Inc.</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Live Oak Bancshares, Inc.</name>
        <lei>N/A</lei>
        <title>LIVE OAK BANCSHARES INC</title>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>FIRSTSUN CAPITAL BANCORP</name>
        <lei>N/A</lei>
        <title>FIRSTSUN CAPITAL BANCORP</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>AXOS FINANCIAL, INC.</name>
        <lei>529900D8M56422GK9O25</lei>
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        <name>ENNIS, INC.</name>
        <lei>N/A</lei>
        <title>ENNIS INC</title>
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        <name>INFUSYSTEM HOLDINGS, INC.</name>
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        <name>Replimune Group Inc</name>
        <lei>549300AY704NEIRC4K64</lei>
        <title>REPLIMUNE GROUP INC</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>CROSS COUNTRY HEALTHCARE, INC.</name>
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        <title>CROSS COUNTRY HEALTHCARE INC</title>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>ACELYRIN Inc</name>
        <lei>N/A</lei>
        <title>ACELYRIN INC</title>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
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        <name>PENNYMAC FINANCIAL SERVICES, INC.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>WESTERN ALLIANCE BANCORPORATION</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>FOX FACTORY HOLDING CORP.</name>
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        <name>NORTHERN OIL AND GAS, INC.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Iteos Therapeutics Inc</name>
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        <name>TELEPHONE AND DATA SYSTEMS, INC.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>ARROW ELECTRONICS, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>PC CONNECTION, INC.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>ALICO, INC.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Xencor Inc</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>COMMUNITY FINANCIAL SYSTEM, INC.</name>
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        <name>BANK OF MARIN BANCORP</name>
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        <name>STONERIDGE, INC.</name>
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        <name>METALLUS INC.</name>
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        <name>GAIA, INC.</name>
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        <name>California BanCorp</name>
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        <name>WHIRLPOOL CORPORATION</name>
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        <name>CIVITAS RESOURCES, INC.</name>
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        <name>CONSUMER PORTFOLIO SERVICES, INC.</name>
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        <name>THE GOODYEAR TIRE &amp; RUBBER COMPANY</name>
        <lei>5493002BI0S2ZQUY3437</lei>
        <title>GOODYEAR TIRE RUBBER CO</title>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>CASS INFORMATION SYSTEMS, INC.</name>
        <lei>549300G7XPIPR7SJ2F38</lei>
        <title>CASS INFORMATION SYSTEMS INC</title>
        <cusip>14808P109</cusip>
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          <isin value="US14808P1093"/>
          <other otherDesc="Internal" value="2086558"/>
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        <balance>506.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SB FINANCIAL GROUP, INC.</name>
        <lei>54930028E6P8OT8CTV58</lei>
        <title>SB FINANCIAL GROUP INC</title>
        <cusip>78408D105</cusip>
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          <isin value="US78408D1054"/>
          <other otherDesc="Internal" value="B8DV0M7"/>
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        <balance>7199.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Portillos Inc</name>
        <lei>N/A</lei>
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        <cusip>73642K106</cusip>
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          <isin value="US73642K1060"/>
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        <balance>354709.00000000</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>Primis Financial Corp.</name>
        <lei>549300JNX3M2EENG1F11</lei>
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          <isin value="US74167B1098"/>
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        <balance>141569.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GOOD TIMES RESTAURANTS INC.</name>
        <lei>N/A</lei>
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        <cusip>382140879</cusip>
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          <isin value="US3821408792"/>
          <other otherDesc="Internal" value="2153968"/>
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        <balance>24864.00000000</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>BANK FIRST CORPORATION</name>
        <lei>N/A</lei>
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        <cusip>06211J100</cusip>
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          <isin value="US06211J1007"/>
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        <balance>2927.00000000</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>
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      <invstOrSec>
        <name>E2OPEN PARENT HOLDINGS, INC.</name>
        <lei>N/A</lei>
        <title>E2OPEN PARENT HOLDINGS INC</title>
        <cusip>29788T103</cusip>
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          <isin value="US29788T1034"/>
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        <balance>1661938.00000000</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>Pangaea Logistics Solutions Ltd</name>
        <lei>N/A</lei>
        <title>PANGAEA LOGISTICS SOLUTIONS LTD</title>
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          <isin value="BMG6891L1054"/>
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        <balance>282511.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Allient Inc.</name>
        <lei>549300I2LHAWYGNBPM97</lei>
        <title>ALLIENT INC</title>
        <cusip>019330109</cusip>
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          <isin value="US0193301092"/>
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        <balance>87409.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ACADEMY SPORTS AND OUTDOORS, INC.</name>
        <lei>N/A</lei>
        <title>ACADEMY SPORTS OUTDOORS INC</title>
        <cusip>00402L107</cusip>
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          <isin value="US00402L1070"/>
          <other otherDesc="Internal" value="BN7K304"/>
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        <balance>430016.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>KORN FERRY</name>
        <lei>549300FOD20OM0GT5G40</lei>
        <title>KORN FERRY</title>
        <cusip>500643200</cusip>
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          <isin value="US5006432000"/>
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        <balance>333277.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>C&amp;F Financial Corporation</name>
        <lei>549300VFPAZLNS1R0361</lei>
        <title>C F FINANCIAL CORP</title>
        <cusip>12466Q104</cusip>
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          <isin value="US12466Q1040"/>
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        <balance>20578.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1332837.06000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ALASKA AIR GROUP, INC.</name>
        <lei>529900G48RT4KWLC6C27</lei>
        <title>ALASKA AIR GROUP INC</title>
        <cusip>011659109</cusip>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Lipocine Inc</name>
        <lei>549300RXPEQXOJXVBI10</lei>
        <title>LIPOCINE INC</title>
        <cusip>53630X203</cusip>
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          <other otherDesc="Internal" value="BMCJW91"/>
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        <balance>8130.00000000</balance>
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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>WINNEBAGO INDUSTRIES, INC.</name>
        <lei>549300B7OYKYJLTE3G11</lei>
        <title>WINNEBAGO INDUSTRIES INC</title>
        <cusip>974637100</cusip>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>ADTALEM GLOBAL EDUCATION INC.</name>
        <lei>549300Z467EZLMODV621</lei>
        <title>ADTALEM GLOBAL EDUCATION INC</title>
        <cusip>00737L103</cusip>
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          <isin value="US00737L1035"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>AMCOR PLC</name>
        <lei>549300GSODGFCDQ3DI89</lei>
        <title>AMCOR PLC</title>
        <cusip>G0250X107</cusip>
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          <isin value="JE00BJ1F3079"/>
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        <invCountry>JE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Univest Financial Corporation</name>
        <lei>4WII2HCR8UEWNU03U507</lei>
        <title>UNIVEST FINANCIAL CORP</title>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>MISTRAS GROUP, INC.</name>
        <lei>5493000CMNXVLND3FU73</lei>
        <title>MISTRAS GROUP INC</title>
        <cusip>60649T107</cusip>
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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>Prothena Corporation PLC</name>
        <lei>5299009ZXQ8NIIJ8OL30</lei>
        <title>PROTHENA CORP PLC</title>
        <cusip>G72800108</cusip>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>DIGITALBRIDGE GROUP, INC.</name>
        <lei>549300XG87L902AGBO89</lei>
        <title>DIGITALBRIDGE GROUP INC</title>
        <cusip>25401T603</cusip>
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          <isin value="US25401T6038"/>
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        <balance>80457.00000000</balance>
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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>Playa Hotels &amp; Resorts N.V.</name>
        <lei>529900BUP3KWPCJNLS49</lei>
        <title>PLAYA HOTELS RESORTS NV</title>
        <cusip>N70544106</cusip>
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          <isin value="NL0012170237"/>
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        <balance>589649.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>OSI SYSTEMS, INC.</name>
        <lei>DDX3MPX1Y8YD30050X33</lei>
        <title>OSI SYSTEMS INC</title>
        <cusip>671044105</cusip>
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        <balance>26871.00000000</balance>
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        <name>8X8, INC.</name>
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      <invstOrSec>
        <name>MRC GLOBAL INC.</name>
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        <name>INSIGHT ENTERPRISES, INC.</name>
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        <name>Pioneer Bancorp Inc</name>
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        <name>DUN &amp; BRADSTREET HOLDINGS, INC.</name>
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        <name>PRESTIGE CONSUMER HEALTHCARE INC.</name>
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        <name>National Energy Services Reunited Corp.</name>
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        <name>TRIPADVISOR, INC.</name>
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        <name>MID PENN BANCORP, INC.</name>
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        <name>TScan Therapeutics Inc</name>
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        <name>KEMPER CORPORATION</name>
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        <name>ORANGE COUNTY BANCORP, INC.</name>
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        <name>COLONY BANKCORP, INC.</name>
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        <name>BROOKDALE SENIOR LIVING INC.</name>
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        <name>CERENCE INC.</name>
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        <name>BENCHMARK ELECTRONICS, INC.</name>
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        <name>McEwen Mining Inc.</name>
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        <name>CANTERBURY PARK HOLDING CORPORATION.</name>
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        <name>PREFERRED BANK</name>
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        <title>PREFERRED BANK LOS ANGELES CA</title>
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        <name>TRUBRIDGE, INC.</name>
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        <name>AVIAT NETWORKS, INC.</name>
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        <name>HERTZ GLOBAL HOLDINGS, INC.</name>
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        <name>ARAMARK</name>
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        <title>ARAMARK</title>
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        <name>VIRTRA, INC.</name>
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        <name>M/I HOMES, INC.</name>
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        <name>RE/MAX HOLDINGS, INC.</name>
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        <name>FIRST INTERNET BANCORP</name>
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        <name>Virginia National Bankshares Corporation</name>
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        <name>J &amp; J SNACK FOODS CORP.</name>
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        <name>FRANKLIN FINANCIAL SERVICES CORPORATION</name>
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        <name>AIR LEASE CORPORATION</name>
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        <name>BANK7 CORP.</name>
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        <name>ALPHA METALLURGICAL RESOURCES, INC.</name>
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        <name>TEEKAY CORPORATION LTD.</name>
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        <invCountry>BM</invCountry>

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        <name>iBio Inc</name>
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        <name>SIGA TECHNOLOGIES, INC.</name>
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        <name>MIDDLEFIELD BANC CORP.</name>
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        <name>BRISTOW GROUP INC.</name>
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        <name>THE SIMPLY GOOD FOODS COMPANY</name>
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        <name>V2X, INC.</name>
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        <name>CLEVELAND-CLIFFS INC.</name>
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        <name>Caribou Biosciences Inc</name>
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        <name>FARMERS &amp; MERCHANTS BANCORP, INC.</name>
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        <name>SKYWORKS SOLUTIONS, INC.</name>
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        <name>AMERIS BANCORP</name>
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        <name>EVENTBRITE, INC.</name>
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        <name>ESSENT GROUP LTD</name>
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        <name>UNITED STATES STEEL CORPORATION</name>
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        <name>LITHIA MOTORS, INC.</name>
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        <name>GRAPHIC PACKAGING HOLDING COMPANY</name>
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        <name>Kura Sushi USA Inc</name>
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        <name>IROBOT CORPORATION</name>
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        <name>URBAN ONE, INC.</name>
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        <name>BLUELINX HOLDINGS INC.</name>
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        <name>INTEST CORPORATION</name>
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        <name>SEACOAST BANKING CORPORATION OF FLORIDA</name>
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        <name>MONTROSE ENVIRONMENTAL GROUP, INC.</name>
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        <name>BROOKFIELD RENEWABLE CORPORATION</name>
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        <name>MYR GROUP INC.</name>
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        <name>THE GREENBRIER COMPANIES, INC.</name>
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        <name>PHINIA INC.</name>
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        <name>OUTBRAIN INC.</name>
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        <name>BRIGHTHOUSE FINANCIAL, INC.</name>
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        <name>DXP ENTERPRISES, INC.</name>
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        <name>MVB FINANCIAL CORP.</name>
        <lei>549300KSUQ2FUU1X2O74</lei>
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      <invstOrSec>
        <name>Veracyte Inc</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ARKO CORP.</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>LIBERTY LATIN AMERICA LTD.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>PHX MINERALS INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>UNITED BANKSHARES, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CONCENTRA GROUP HOLDINGS PARENT, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>BANKUNITED, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CROCS, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>TRIMAS CORPORATION</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Nkarta Inc</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>JBT MAREL CORPORATION</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>HOPE BANCORP, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>WESCO INTERNATIONAL, INC.</name>
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        <name>MacroGenics Inc</name>
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        <name>ACNB CORPORATION</name>
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        <name>JONES LANG LASALLE INCORPORATED</name>
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        <name>EMERGENT BIOSOLUTIONS INC.</name>
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        <name>CERTARA, INC.</name>
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        <name>EVOLUTION PETROLEUM CORPORATION</name>
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        <name>Carter Bankshares, Inc.</name>
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        <name>HF FOODS GROUP INC.</name>
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        <name>Castle Biosciences Inc</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>VIMEO, INC.</name>
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      <invstOrSec>
        <name>OLD NATIONAL BANCORP</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>TEREX CORPORATION</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>OMNIAB INC OLD</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Washington Trust Bancorp, Inc.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>WIDEPOINT CORPORATION</name>
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        <name>INTELLIA THERAPEUTICS, INC.</name>
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        <name>Cadeler A/S</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>OWENS CORNING</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>JOHNSON OUTDOORS INC.</name>
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        <name>Cadence Bank</name>
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        <name>SECURITY NATIONAL FINANCIAL CORPORATION</name>
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        <name>Legacy Housing Corp</name>
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        <name>THE HAIN CELESTIAL GROUP, INC.</name>
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        <name>CARTER'S, INC.</name>
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        <name>ACCO BRANDS CORPORATION</name>
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        <name>WEYCO GROUP, INC.</name>
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        <name>Rapid Micro Biosystems Inc</name>
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        <name>GENESCO INC.</name>
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        <name>TASKUS, INC.</name>
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        <name>VESTIS CORPORATION</name>
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        <title>VESTIS CORP</title>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>ATLANTIC UNION BANKSHARES CORPORATION</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ORRSTOWN FINANCIAL SERVICES, INC.</name>
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          <isin value="US6873801053"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>WSFS FINANCIAL CORPORATION</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>FORMFACTOR, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ENCORE CAPITAL GROUP, INC.</name>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CRYOPORT, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Southern States Bancshares, Inc.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>PINNACLE FINANCIAL PARTNERS, INC.</name>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>QCR HOLDINGS, INC.</name>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>AMERANT BANCORP INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>OPENDOOR TECHNOLOGIES INC.</name>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ADVANSIX INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>FIRST FINANCIAL CORPORATION</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>COMSTOCK HOLDING COMPANIES, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Marine Products Corp</name>
        <lei>N/A</lei>
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        <name>TURTLE BEACH CORPORATION</name>
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        <name>IF BANCORP, INC.</name>
        <lei>N/A</lei>
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        <name>RAMACO RESOURCES, INC.</name>
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        <name>DELEK US HOLDINGS, INC.</name>
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        <name>TRICO BANCSHARES</name>
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        <name>CB FINANCIAL SERVICES, INC.</name>
        <lei>549300JEGYKCDOBSG664</lei>
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        <name>MERIDIANLINK, INC.</name>
        <lei>N/A</lei>
        <title>MERIDIANLINK INC</title>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CNX RESOURCES CORPORATION</name>
        <lei>549300JK3KH8PWM3B226</lei>
        <title>CNX RESOURCES CORP</title>
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        <name>BRADY CORPORATION</name>
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        <name>Hooker Furnishings Corporation</name>
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        <name>ALLEGIANT TRAVEL COMPANY</name>
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        <name>CONCRETE PUMPING HOLDINGS, INC.</name>
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        <name>Inogen Inc</name>
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        <name>FOOT LOCKER, INC.</name>
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        <name>SIMULATIONS PLUS, INC.</name>
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        <name>ADIENT PUBLIC LIMITED COMPANY</name>
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        <name>MACY'S, INC.</name>
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        <name>APOGEE ENTERPRISES, INC.</name>
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        <name>Monte Rosa Therapeutics Inc</name>
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        <name>OLD SECOND BANCORP, INC.</name>
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        <name>PUBMATIC, INC.</name>
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        <name>TRANSCAT, INC.</name>
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        <name>Sun Country Airlines Holdings Inc</name>
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        <name>FIRST MID BANCSHARES, INC.</name>
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        <name>WEST BANCORPORATION, INC.</name>
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        <name>CORE LABORATORIES INC.</name>
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        <name>NERDWALLET, INC.</name>
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        <title>NERDWALLET INC</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Post Holdings, Inc.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>BANK OF THE JAMES</name>
        <lei>549300XV8D5BHDJZY155</lei>
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          <isin value="US4702991088"/>
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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>DocGo Inc.</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>FIVE POINT HOLDINGS, LLC</name>
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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>CACTUS, INC.</name>
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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>JOHN B. SANFILIPPO &amp; SON, INC.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>CENTURY COMMUNITIES, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>MOVADO GROUP, INC.</name>
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          <isin value="US6245801062"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>RESERVOIR MEDIA, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>KIMBALL ELECTRONICS, INC.</name>
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          <isin value="US49428J1097"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ENTERPRISE BANCORP, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Richmond Mutual Bancorporation Inc</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>U-Haul Holding Company</name>
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        <name>RHINEBECK BANCORP, INC.</name>
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        <name>SOUTH PLAINS FINANCIAL, INC.</name>
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        <name>COFFEE HOLDING CO., INC.</name>
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        <name>NBT BANCORP INC.</name>
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        <name>UNITED STATES CELLULAR CORPORATION</name>
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        <name>TD SYNNEX CORPORATION</name>
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        <title>TD SYNNEX CORP</title>
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        <name>ESSA Bancorp, Inc.</name>
        <lei>N/A</lei>
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        <name>ASSURED GUARANTY LTD.</name>
        <lei>549300BBOQUJEPH87M14</lei>
        <title>ASSURED GUARANTY LTD</title>
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        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>WORLD KINECT CORPORATION</name>
        <lei>D3W7PCXCBRQLL17DZ313</lei>
        <title>WORLD KINECT CORP</title>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ASGN INCORPORATED</name>
        <lei>LZBNYYCBUKY537072438</lei>
        <title>ASGN INC</title>
        <cusip>00191U102</cusip>
        <identifiers>
          <isin value="US00191U1025"/>
          <other otherDesc="Internal" value="BFY8W20"/>
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        <balance>163491.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8236676.58000000</valUSD>
        <pctVal>0.085549776731</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>AMBAC FINANCIAL GROUP, INC.</name>
        <lei>5493000UC0RBBNDHI717</lei>
        <title>AMBAC FINANCIAL GROUP INC</title>
        <cusip>023139884</cusip>
        <identifiers>
          <isin value="US0231398845"/>
          <other otherDesc="Internal" value="B7ZKH46"/>
        </identifiers>
        <balance>306163.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2443180.74000000</valUSD>
        <pctVal>0.025375958955</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>PharmaCyte Biotech Inc</name>
        <lei>N/A</lei>
        <title>PHARMACYTE BIOTECH INC</title>
        <cusip>71715X203</cusip>
        <identifiers>
          <isin value="US71715X2036"/>
          <other otherDesc="Internal" value="BMYMZR7"/>
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        <balance>8707.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>10796.68000000</valUSD>
        <pctVal>0.000112139107</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>LUXFER HOLDINGS PLC</name>
        <lei>21380045UF5SJYZOXE41</lei>
        <title>LUXFER HOLDINGS PLC</title>
        <cusip>G5698W116</cusip>
        <identifiers>
          <isin value="GB00BNK03D49"/>
          <other otherDesc="Internal" value="BF5GRT5"/>
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        <balance>134920.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1451739.20000000</valUSD>
        <pctVal>0.015078407319</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Expro Group Holdings N.V.</name>
        <lei>724500LJYA8QIT73H017</lei>
        <title>EXPRO GROUP HOLDINGS NV</title>
        <cusip>N3144W105</cusip>
        <identifiers>
          <isin value="NL0010556684"/>
          <other otherDesc="Internal" value="BCRY5H0"/>
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        <balance>657527.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5437748.29000000</valUSD>
        <pctVal>0.056478865913</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>
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      </invstOrSec>
      <invstOrSec>
        <name>COVENANT LOGISTICS GROUP, INC.</name>
        <lei>N/A</lei>
        <title>COVENANT LOGISTICS GROUP INC</title>
        <cusip>22284P105</cusip>
        <identifiers>
          <isin value="US22284P1057"/>
          <other otherDesc="Internal" value="2200853"/>
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        <balance>154090.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3066391.00000000</valUSD>
        <pctVal>0.031848897170</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>VIRCO MFG CORPORATION</name>
        <lei>N/A</lei>
        <title>VIRCO MFG CORP</title>
        <cusip>927651109</cusip>
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          <isin value="US9276511097"/>
          <other otherDesc="Internal" value="2929705"/>
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        <balance>99932.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>918375.08000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>CRANE NXT, CO.</name>
        <lei>549300EXNPSXEWUD3N21</lei>
        <title>CRANE NXT CO</title>
        <cusip>224441105</cusip>
        <identifiers>
          <isin value="US2244411052"/>
          <other otherDesc="Internal" value="BQ7W2W6"/>
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        <balance>137481.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6450608.52000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="4197408.92999999"/>
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      </invstOrSec>
      <invstOrSec>
        <name>BJ'S RESTAURANTS, INC.</name>
        <lei>5299000EOW66I1OJNQ23</lei>
        <title>BJ S RESTAURANTS INC</title>
        <cusip>09180C106</cusip>
        <identifiers>
          <isin value="US09180C1062"/>
          <other otherDesc="Internal" value="2200552"/>
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        <balance>165985.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5525640.65000000</valUSD>
        <pctVal>0.057391754953</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>Navitas Semiconductor Corp</name>
        <lei>N/A</lei>
        <title>NAVITAS SEMICONDUCTOR CORP</title>
        <cusip>63942X106</cusip>
        <identifiers>
          <isin value="US63942X1063"/>
          <other otherDesc="Internal" value="BMGMH68"/>
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        <balance>187237.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>361367.41000000</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="333950.68000000"/>
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      <invstOrSec>
        <name>SOUTHSIDE BANCSHARES, INC.</name>
        <lei>549300TC83207VQA2K65</lei>
        <title>SOUTHSIDE BANCSHARES INC</title>
        <cusip>84470P109</cusip>
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          <isin value="US84470P1093"/>
          <other otherDesc="Internal" value="2485876"/>
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        <balance>158844.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4477812.36000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>First BanCorp.</name>
        <lei>N/A</lei>
        <title>FIRST BANCORP PUERTO RICO</title>
        <cusip>318672706</cusip>
        <identifiers>
          <isin value="PR3186727065"/>
          <other otherDesc="Internal" value="2296926"/>
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        <balance>1111261.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>21825166.04000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BEAZER HOMES USA, INC.</name>
        <lei>549300DUPYT2T0F60I45</lei>
        <title>BEAZER HOMES USA INC</title>
        <cusip>07556Q881</cusip>
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          <isin value="US07556Q8814"/>
          <other otherDesc="Internal" value="B8KHZT0"/>
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        <balance>130184.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2546399.04000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>TRUSTCO BANK CORP N Y</name>
        <lei>N/A</lei>
        <title>TRUSTCO BANK CORP NY</title>
        <cusip>898349204</cusip>
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          <isin value="US8983492047"/>
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        <balance>144496.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4399903.20000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>U-Haul Holding Company</name>
        <lei>5493003WIDMLDHYC6Y24</lei>
        <title>U HAUL HOLDING CO</title>
        <cusip>023586506</cusip>
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          <isin value="US0235865062"/>
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        <balance>406685.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NEWMARK GROUP, INC.</name>
        <lei>N/A</lei>
        <title>NEWMARK GROUP INC</title>
        <cusip>65158N102</cusip>
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          <isin value="US65158N1028"/>
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        <balance>899025.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>RADIUS RECYCLING, INC.</name>
        <lei>549300F62TK8VRDSM285</lei>
        <title>RADIUS RECYCLING INC</title>
        <cusip>806882106</cusip>
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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>Terns Pharmaceuticals Inc</name>
        <lei>254900S1ZDQMF4MYP709</lei>
        <title>TERNS PHARMACEUTICALS INC</title>
        <cusip>880881107</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>EAGLE BANCORP, INC.</name>
        <lei>549300B47NZODRMG3D47</lei>
        <title>EAGLE BANCORP INC</title>
        <cusip>268948106</cusip>
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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>HARVARD BIOSCIENCE, INC.</name>
        <lei>549300VLGB1D47GGC642</lei>
        <title>HARVARD BIOSCIENCE INC</title>
        <cusip>416906105</cusip>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CORE NATURAL RESOURCES, INC.</name>
        <lei>549300YJCTPJBTK7IJ81</lei>
        <title>CORE NATURAL RESOURCES INC</title>
        <cusip>218937100</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>Owens &amp; Minor, Inc.</name>
        <lei>549300LMT5KQQXCEZ733</lei>
        <title>OWENS MINOR INC</title>
        <cusip>690732102</cusip>
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        <curCd>USD</curCd>
        <valUSD>3218477.50000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>INVESTAR HOLDING CORPORATION</name>
        <lei>54930001EK2YM28LOJ08</lei>
        <title>INVESTAR HOLDING CORP</title>
        <cusip>46134L105</cusip>
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          <other otherDesc="Internal" value="BNGY4R1"/>
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        <balance>43898.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>839768.74000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DISTRIBUTION SOLUTIONS GROUP, INC.</name>
        <lei>N/A</lei>
        <title>DISTRIBUTION SOLUTIONS GROUP I</title>
        <cusip>520776105</cusip>
        <identifiers>
          <isin value="US5207761058"/>
          <other otherDesc="Internal" value="2508126"/>
        </identifiers>
        <balance>81162.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2113458.48000000</valUSD>
        <pctVal>0.021951317298</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>FEDERAL AGRICULTURAL MORTGAGE CORPORATION</name>
        <lei>549300MS654K78GYF580</lei>
        <title>FEDERAL AGRICULTURAL MORTGAGE CORP</title>
        <cusip>313148108</cusip>
        <identifiers>
          <isin value="US3131481083"/>
          <other otherDesc="Internal" value="2518783"/>
        </identifiers>
        <balance>2759.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>359649.45000000</valUSD>
        <pctVal>0.003735478727</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CVB FINANCIAL CORP.</name>
        <lei>N/A</lei>
        <title>CVB FINANCIAL CORP</title>
        <cusip>126600105</cusip>
        <identifiers>
          <isin value="US1266001056"/>
          <other otherDesc="Internal" value="2160645"/>
        </identifiers>
        <balance>799443.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>14821673.22000000</valUSD>
        <pctVal>0.153944472924</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>nLIGHT Inc</name>
        <lei>N/A</lei>
        <title>NLIGHT INC</title>
        <cusip>65487K100</cusip>
        <identifiers>
          <isin value="US65487K1007"/>
          <other otherDesc="Internal" value="BFZP4R9"/>
        </identifiers>
        <balance>38291.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>295223.61000000</valUSD>
        <pctVal>0.003066323374</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>LIBERTY LATIN AMERICA LTD.</name>
        <lei>213800YWQHEAX7CAVO83</lei>
        <title>LIBERTY LATIN AMERICA LTD</title>
        <cusip>G9001E128</cusip>
        <identifiers>
          <isin value="BMG9001E1286"/>
          <other otherDesc="Internal" value="BD9Q3Q6"/>
        </identifiers>
        <balance>1099128.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6045204.00000000</valUSD>
        <pctVal>0.062788170383</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="44041.43000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EASTERN COMPANY THE</name>
        <lei>5493005F8SU7UCM5D285</lei>
        <title>EASTERN CO THE</title>
        <cusip>276317104</cusip>
        <identifiers>
          <isin value="US2763171046"/>
          <other otherDesc="Internal" value="2300087"/>
        </identifiers>
        <balance>38364.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>805260.36000000</valUSD>
        <pctVal>0.008363791310</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>Sutro Biopharma Inc</name>
        <lei>5493005U6P15VD25P851</lei>
        <title>SUTRO BIOPHARMA INC</title>
        <cusip>869367102</cusip>
        <identifiers>
          <isin value="US8693671021"/>
          <other otherDesc="Internal" value="BF12XC2"/>
        </identifiers>
        <balance>25682.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>26966.10000000</valUSD>
        <pctVal>0.000280081876</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>ASHLAND INC.</name>
        <lei>529900E4L9R04SB8HB11</lei>
        <title>ASHLAND INC</title>
        <cusip>044186104</cusip>
        <identifiers>
          <isin value="US0441861046"/>
          <other otherDesc="Internal" value="BYND5N1"/>
        </identifiers>
        <balance>300658.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>16352788.62000000</valUSD>
        <pctVal>0.169847316668</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>Nextdoor Holdings Inc</name>
        <lei>N/A</lei>
        <title>NEXTDOOR HOLDINGS INC</title>
        <cusip>65345M108</cusip>
        <identifiers>
          <isin value="US65345M1080"/>
          <other otherDesc="Internal" value="BMFPWT6"/>
        </identifiers>
        <balance>77827.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>114405.69000000</valUSD>
        <pctVal>0.001188268246</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>Nuvation Bio Inc</name>
        <lei>N/A</lei>
        <title>NUVATION BIO INC</title>
        <cusip>67080N101</cusip>
        <identifiers>
          <isin value="US67080N1019"/>
          <other otherDesc="Internal" value="BLNB9R6"/>
        </identifiers>
        <balance>383042.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>861844.50000000</valUSD>
        <pctVal>0.008951499289</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="825701.16000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>THE TIMKEN COMPANY</name>
        <lei>B0I35MLPFXZSE70ASS73</lei>
        <title>TIMKEN CO THE</title>
        <cusip>887389104</cusip>
        <identifiers>
          <isin value="US8873891043"/>
          <other otherDesc="Internal" value="2892807"/>
        </identifiers>
        <balance>81999.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5268435.75000000</valUSD>
        <pctVal>0.054720310766</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>COMMERCIAL VEHICLE GROUP, INC.</name>
        <lei>5493006OG8I91X0K7Q22</lei>
        <title>COMMERCIAL VEHICLE GROUP INC</title>
        <cusip>202608105</cusip>
        <identifiers>
          <isin value="US2026081057"/>
          <other otherDesc="Internal" value="B02GMS7"/>
        </identifiers>
        <balance>125822.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>120826.87000000</valUSD>
        <pctVal>0.001254961470</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>EGAIN CORPORATION</name>
        <lei>25490048ASFEJOENUI20</lei>
        <title>EGAIN CORP</title>
        <cusip>28225C806</cusip>
        <identifiers>
          <isin value="US28225C8064"/>
          <other otherDesc="Internal" value="2260523"/>
        </identifiers>
        <balance>89668.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>460893.52000000</valUSD>
        <pctVal>0.004787044550</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>DIMENSIONAL FUND ADVISORS LP</name>
        <lei>N/A</lei>
        <title>The DFA Short Term Investment Fund</title>
        <cusip>23320U405</cusip>
        <identifiers>
          <other otherDesc="Internal" value="23320U405"/>
        </identifiers>
        <balance>720128918.55000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>720128918.55000000</valUSD>
        <pctVal>7.479578395673</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerConditional desc="Client Self-Managed Investment" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <cashCollateralCondition cashCollateralVal="720128918.55000000" isCashCollateral="Y"/>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CECO ENVIRONMENTAL CORP.</name>
        <lei>5493002CZCTL4HGLIY91</lei>
        <title>CECO ENVIRONMENTAL CORP</title>
        <cusip>125141101</cusip>
        <identifiers>
          <isin value="US1251411013"/>
          <other otherDesc="Internal" value="2011970"/>
        </identifiers>
        <balance>53762.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1278997.98000000</valUSD>
        <pctVal>0.013284240380</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>YELP INC.</name>
        <lei>5299007OU2DOSXPQBO35</lei>
        <title>YELP INC</title>
        <cusip>985817105</cusip>
        <identifiers>
          <isin value="US9858171054"/>
          <other otherDesc="Internal" value="B7KCD72"/>
        </identifiers>
        <balance>163194.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5724845.52000000</valUSD>
        <pctVal>0.059460785099</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>FLUSHING FINANCIAL CORPORATION</name>
        <lei>N/A</lei>
        <title>FLUSHING FINANCIAL CORP</title>
        <cusip>343873105</cusip>
        <identifiers>
          <isin value="US3438731057"/>
          <other otherDesc="Internal" value="2360111"/>
        </identifiers>
        <balance>196216.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2348705.52000000</valUSD>
        <pctVal>0.024394697411</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>NOBLE CORPORATION PLC</name>
        <lei>549300I3HBUNXO0OG954</lei>
        <title>NOBLE CORP PLC</title>
        <cusip>G65431127</cusip>
        <identifiers>
          <isin value="GB00BMXNWH07"/>
          <other otherDesc="Internal" value="BN2QTL0"/>
        </identifiers>
        <balance>312695.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6797989.30000000</valUSD>
        <pctVal>0.070606932442</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="4992878.93999999"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SCHOLASTIC CORPORATION</name>
        <lei>N/A</lei>
        <title>SCHOLASTIC CORP</title>
        <cusip>807066105</cusip>
        <identifiers>
          <isin value="US8070661058"/>
          <other otherDesc="Internal" value="2779234"/>
        </identifiers>
        <balance>211037.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3804997.11000000</valUSD>
        <pctVal>0.039520387872</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>Latham Group Inc</name>
        <lei>N/A</lei>
        <title>LATHAM GROUP INC</title>
        <cusip>51819L107</cusip>
        <identifiers>
          <isin value="US51819L1070"/>
          <other otherDesc="Internal" value="BNC0LQ1"/>
        </identifiers>
        <balance>342101.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1869581.97000000</valUSD>
        <pctVal>0.019418307682</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>FATE THERAPEUTICS, INC.</name>
        <lei>549300L14Q4UHOODLA90</lei>
        <title>FATE THERAPEUTICS INC</title>
        <cusip>31189P102</cusip>
        <identifiers>
          <isin value="US31189P1021"/>
          <other otherDesc="Internal" value="BCZS820"/>
        </identifiers>
        <balance>615721.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>788122.88000000</valUSD>
        <pctVal>0.008185793841</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="592182.63000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AVALON HOLDINGS CORPORATION</name>
        <lei>N/A</lei>
        <title>AVALON HOLDINGS CORP</title>
        <cusip>05343P109</cusip>
        <identifiers>
          <isin value="US05343P1093"/>
          <other otherDesc="Internal" value="2255198"/>
        </identifiers>
        <balance>642.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1759.08000000</valUSD>
        <pctVal>0.000018270585</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly total returns reported under item B.5.a do not include any sales or redemption charges, as applicable." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2025-05-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Dimensional ETF Trust</ncom:nameOfApplicant>
      <ncom:signature>Randy Olson</ncom:signature>
      <ncom:signerName>Randy Olson</ncom:signerName>
      <ncom:title>Chief Compliance Officer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
