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        <name>OGE Energy Corporation</name>
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        <title>WillScott Mobile Mini Holding </title>
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      <invstOrSec>
        <name>Bank OZK Little Rock Arkansas</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Sonic Automotive, Inc.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Raymond James Financial Inc.</name>
        <lei>RGUZHJ05YTITL6D76949</lei>
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      <invstOrSec>
        <name>MSC Industrial Direct Co Inc.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>RPM 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>Liveramp Holdings Inc</name>
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        <title>LiveRamp Holdings, Inc. </title>
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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>Sprinklr Inc</name>
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        <title>Sprinklr, Inc. </title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Penske Automotive Group, Inc.</name>
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        <title>Penske Automotive Group, Inc. </title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>SunCoke Energy, Inc.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Rollins Inc</name>
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        <title>Rollins, Inc. </title>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Getty Realty Corp</name>
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        <title>Getty Realty Corporation </title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>NOV Inc.</name>
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        <title>Nov, Inc. COM </title>
        <cusip>62955J103</cusip>
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        <name>MGM Resorts International</name>
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        <title>MGM Resorts International </title>
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        <name>StoneX Group Inc</name>
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        <title>StoneX Group, Inc. </title>
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        <name>Post Holdings Inc.</name>
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        <title>Post Holdings, Inc. </title>
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        <name>Unum Group</name>
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        <title>Unum Group </title>
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        <name>Rexford Industrial Realty Inc.</name>
        <lei>549300MSLO0DF0EMX355</lei>
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        <name>CSG Systems International Inc.</name>
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        <name>Four Corners Property Trust Inc.</name>
        <lei>549300SVTPZPBDVNER42</lei>
        <title>Four Corners Property Trust, Inc. </title>
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        <name>O-I Glass Inc</name>
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        <name>CNO Financial Group, Inc.</name>
        <lei>11XPYHB76MPM4Y4P2897</lei>
        <title>CNO Financial Group, Inc. </title>
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        <invCountry>US</invCountry>

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        <name>Avista Corporation</name>
        <lei>Q0IK63NITJD6RJ47SW96</lei>
        <title>Avista Corporation </title>
        <cusip>05379B107</cusip>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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        <name>Equity Lifestyle Properties Inc</name>
        <lei>529900PEQG66LENB6798</lei>
        <title>Equity LifeStyle Properties, Inc. REIT</title>
        <cusip>29472R108</cusip>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>First Solar Inc</name>
        <lei>549300NPYMLM4NHTOF27</lei>
        <title>First Solar, Inc. </title>
        <cusip>336433107</cusip>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Photronics Inc.</name>
        <lei>549300OK5JVNIBNY6F63</lei>
        <title>Photronics, Inc. </title>
        <cusip>719405102</cusip>
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          <isin value="US7194051022"/>
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        <balance>21759.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>409721.97000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Jacobs Solutions Inc.</name>
        <lei>N/A</lei>
        <title>Jacobs Solutions, Inc. </title>
        <cusip>46982L108</cusip>
        <identifiers>
          <isin value="US46982L1089"/>
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        <balance>10470.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1376281.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Patterson-UTI Energy Inc.</name>
        <lei>254900XGFBKIXD6G0697</lei>
        <title>Patterson-UTI Energy, Inc. </title>
        <cusip>703481101</cusip>
        <identifiers>
          <isin value="US7034811015"/>
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        <balance>194779.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1155039.47000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Selective Insurance Group Inc.</name>
        <lei>549300R3WGJWLE40R258</lei>
        <title>Selective Insurance Group, Inc. </title>
        <cusip>816300107</cusip>
        <identifiers>
          <isin value="US8163001071"/>
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        <balance>15609.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1352519.85000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Agree Realty Corp</name>
        <lei>98450090H010B37OEB68</lei>
        <title>Agree Realty Corporation </title>
        <cusip>008492100</cusip>
        <identifiers>
          <isin value="US0084921008"/>
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        <balance>16519.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1206878.14000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Autoliv Inc.</name>
        <lei>A23RUXWKASG834LTMK28</lei>
        <title>Autoliv, Inc. </title>
        <cusip>052800109</cusip>
        <identifiers>
          <isin value="US0528001094"/>
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        <balance>17359.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1942472.10000000</valUSD>
        <pctVal>1.456685505022</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>AAR Corp.</name>
        <lei>MP76T5YQX3YK5VVAQ802</lei>
        <title>AAR Corporation </title>
        <cusip>000361105</cusip>
        <identifiers>
          <isin value="US0003611052"/>
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        <balance>19025.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1308729.75000000</valUSD>
        <pctVal>0.981433739417</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>FirstEnergy Corp.</name>
        <lei>549300SVYJS666PQJH88</lei>
        <title>FirstEnergy Corporation </title>
        <cusip>337932107</cusip>
        <identifiers>
          <isin value="US3379321074"/>
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        <balance>45171.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1818584.46000000</valUSD>
        <pctVal>1.363780526135</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>Tenet Healthcare Corporation</name>
        <lei>0W9AIBT6U6ADJ2I8HK17</lei>
        <title>Tenet Healthcare Corporation </title>
        <cusip>88033G407</cusip>
        <identifiers>
          <isin value="US88033G4073"/>
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        <balance>8683.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1528208.00000000</valUSD>
        <pctVal>1.146023380340</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Alcoa Corporation</name>
        <lei>549300T12EZ1F6PWWU29</lei>
        <title>Alcoa Corporation </title>
        <cusip>013872106</cusip>
        <identifiers>
          <isin value="US0138721065"/>
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        <balance>67501.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1991954.51000000</valUSD>
        <pctVal>1.493793018381</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Premier Inc</name>
        <lei>N/A</lei>
        <title>Premier, Inc. Class A</title>
        <cusip>74051N102</cusip>
        <identifiers>
          <isin value="US74051N1028"/>
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        <balance>49001.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1074591.93000000</valUSD>
        <pctVal>0.805850693168</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Encompass Health Corporation</name>
        <lei>549300FVRPM9DRQZRG64</lei>
        <title>Encompass Health Corporation </title>
        <cusip>29261A100</cusip>
        <identifiers>
          <isin value="US29261A1007"/>
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        <balance>7478.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>917027.14000000</valUSD>
        <pctVal>0.687690774323</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Yeti Holdings Inc</name>
        <lei>549300DSQICIGNT5GO63</lei>
        <title>Yeti Holdings, Inc. </title>
        <cusip>98585X104</cusip>
        <identifiers>
          <isin value="US98585X1046"/>
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        <balance>13685.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>431351.20000000</valUSD>
        <pctVal>0.323475966843</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CubeSmart (Maryland)</name>
        <lei>N/A</lei>
        <title>CubeSmart REIT</title>
        <cusip>229663109</cusip>
        <identifiers>
          <isin value="US2296631094"/>
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        <balance>27555.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1171087.50000000</valUSD>
        <pctVal>0.878213996671</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Match Group Inc</name>
        <lei>15OMOPB0A8K0EFUVD031</lei>
        <title>Match Group, Inc. </title>
        <cusip>57667L107</cusip>
        <identifiers>
          <isin value="US57667L1070"/>
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        <balance>22352.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>690453.28000000</valUSD>
        <pctVal>0.517780041665</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Advance Auto Parts Inc.</name>
        <lei>529900UCNQ5H9FSL0Y70</lei>
        <title>Advance Auto Parts, Inc. </title>
        <cusip>00751Y106</cusip>
        <identifiers>
          <isin value="US00751Y1064"/>
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        <balance>26298.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1222594.02000000</valUSD>
        <pctVal>0.916839416875</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>American Assets Trust Inc.</name>
        <lei>N/A</lei>
        <title>American Assets Trust, Inc. REIT</title>
        <cusip>024013104</cusip>
        <identifiers>
          <isin value="US0240131047"/>
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        <balance>11247.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>222128.25000000</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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      <invstOrSec>
        <name>Maximus Inc</name>
        <lei>549300DQCDS8HJ7QF202</lei>
        <title>MAXIMUS, Inc. </title>
        <cusip>577933104</cusip>
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          <isin value="US5779331041"/>
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        <balance>14940.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1048788.00000000</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>ConocoPhillips</name>
        <lei>WPTL2Z3FIYTHSP5V2253</lei>
        <title>ConocoPhillips </title>
        <cusip>20825C104</cusip>
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          <isin value="US20825C1045"/>
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        <balance>20421.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1832580.54000000</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>Weatherford International Plc</name>
        <lei>529900LPBDSCQDJKHQ39</lei>
        <title>Weatherford International PLC </title>
        <cusip>G48833118</cusip>
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          <isin value="IE00BLNN3691"/>
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        <balance>9732.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>489616.92000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Stifel Financial Corporation</name>
        <lei>549300E5F07FE5GHJX84</lei>
        <title>Stifel Financial Corporation </title>
        <cusip>860630102</cusip>
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          <isin value="US8606301021"/>
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        <balance>7600.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>788728.00000000</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>iShares Trust</name>
        <lei>5493000860OXIC4B5K91</lei>
        <title>ISHARES RUSSELL MIDCAP VALUE </title>
        <cusip>464287473</cusip>
        <identifiers>
          <isin value="US4642874733"/>
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        <balance>10232.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1352056.48000000</valUSD>
        <pctVal>1.013925026973</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Heidrick &amp; Struggles International Inc</name>
        <lei>5493006284N2J367VB57</lei>
        <title>Heidrick &amp; Struggles International, Inc. </title>
        <cusip>422819102</cusip>
        <identifiers>
          <isin value="US4228191023"/>
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        <balance>5655.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>258772.80000000</valUSD>
        <pctVal>0.194057143396</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>Site Centers Corp</name>
        <lei>W2AVA6SODOQ1LCYJQR54</lei>
        <title>SITE CTRS CORP COM </title>
        <cusip>82981J851</cusip>
        <identifiers>
          <isin value="US82981J8514"/>
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        <balance>26867.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>303865.77000000</valUSD>
        <pctVal>0.227872957676</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>Ciena Corporation</name>
        <lei>W0CZ7N0GH8UIGXDM1H41</lei>
        <title>Ciena Corporation </title>
        <cusip>171779309</cusip>
        <identifiers>
          <isin value="US1717793095"/>
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        <balance>14333.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1165702.89000000</valUSD>
        <pctVal>0.874176006453</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>Broadridge Financial Solutions Inc.</name>
        <lei>549300KZDJZQ2YIHRC28</lei>
        <title>Broadridge Financial Solutions, Inc. </title>
        <cusip>11133T103</cusip>
        <identifiers>
          <isin value="US11133T1034"/>
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        <balance>5849.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1421482.47000000</valUSD>
        <pctVal>1.065988494605</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>Harley-Davidson, Inc.</name>
        <lei>ZDNAWZWXIKMWI51R2A08</lei>
        <title>Harley-Davidson, Inc. </title>
        <cusip>412822108</cusip>
        <identifiers>
          <isin value="US4128221086"/>
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        <balance>30546.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>720885.60000000</valUSD>
        <pctVal>0.540601640713</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>Evertec Inc</name>
        <lei>N/A</lei>
        <title>EVERTEC, Inc. </title>
        <cusip>30040P103</cusip>
        <identifiers>
          <isin value="PR30040P1032"/>
        </identifiers>
        <balance>13439.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>484475.95000000</valUSD>
        <pctVal>0.363314919116</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>Biomarin Pharmaceutical Inc.</name>
        <lei>NSLL8ITTRR0J5HEMR848</lei>
        <title>BioMarin Pharmaceutical, Inc. </title>
        <cusip>09061G101</cusip>
        <identifiers>
          <isin value="US09061G1013"/>
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        <balance>34664.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1905480.08000000</valUSD>
        <pctVal>1.428944700232</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>NBT Bancorp Inc</name>
        <lei>N/A</lei>
        <title>NBT Bancorp, Inc. </title>
        <cusip>628778102</cusip>
        <identifiers>
          <isin value="US6287781024"/>
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        <balance>18107.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>752345.85000000</valUSD>
        <pctVal>0.564194098056</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>ABM Industries Inc.</name>
        <lei>QF02R89VEIOROM77J447</lei>
        <title>ABM Industries, Inc. </title>
        <cusip>000957100</cusip>
        <identifiers>
          <isin value="US0009571003"/>
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        <balance>29002.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1369184.42000000</valUSD>
        <pctVal>1.026769495591</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>Apollo Commercial Real Estate Finance, Inc.</name>
        <lei>549300E0AN7M2AQHSY29</lei>
        <title>Apollo Commercial Real Estate Finance, Inc. </title>
        <cusip>03762U105</cusip>
        <identifiers>
          <isin value="US03762U1051"/>
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        <balance>75733.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>733095.44000000</valUSD>
        <pctVal>0.549757961129</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>Lululemon Athletica Inc.</name>
        <lei>549300D9GZ4BMLDW5T40</lei>
        <title>Lululemon Athletica, Inc. </title>
        <cusip>550021109</cusip>
        <identifiers>
          <isin value="US5500211090"/>
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        <balance>5877.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1396257.66000000</valUSD>
        <pctVal>1.047072076144</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>Lakeland Financial Corp.</name>
        <lei>N/A</lei>
        <title>Lakeland Financial Corporation </title>
        <cusip>511656100</cusip>
        <identifiers>
          <isin value="US5116561003"/>
        </identifiers>
        <balance>7204.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>442685.80000000</valUSD>
        <pctVal>0.331975933213</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Gates Industrial Corp PLC</name>
        <lei>549300S6K4FWUSB9KM27</lei>
        <title>GATES INDUSTRIAL CORP PLC </title>
        <cusip>G39108108</cusip>
        <identifiers>
          <isin value="GB00BD9G2S12"/>
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        <balance>45571.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1049500.13000000</valUSD>
        <pctVal>0.787034020663</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CACI International Inc.</name>
        <lei>SYRPI2D1O9WRTS2WX210</lei>
        <title>CACI International, Inc. </title>
        <cusip>127190304</cusip>
        <identifiers>
          <isin value="US1271903049"/>
        </identifiers>
        <balance>2170.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1034439.00000000</valUSD>
        <pctVal>0.775739480186</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>Albany International Corp.</name>
        <lei>L73WCPNCZIRSQGZTW097</lei>
        <title>Albany International Corporation Class A</title>
        <cusip>012348108</cusip>
        <identifiers>
          <isin value="US0123481089"/>
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        <balance>8894.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>623736.22000000</valUSD>
        <pctVal>0.467748036448</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Resideo Technologies Inc</name>
        <lei>5493006TKFPYISY2DS54</lei>
        <title>Resideo Technologies Inc. </title>
        <cusip>76118Y104</cusip>
        <identifiers>
          <isin value="US76118Y1047"/>
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        <balance>60909.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1343652.54000000</valUSD>
        <pctVal>1.007622801277</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MGP Ingredients Inc.</name>
        <lei>2549006OMHFVZ4MS8538</lei>
        <title>MGP Ingredients, Inc. </title>
        <cusip>55303J106</cusip>
        <identifiers>
          <isin value="US55303J1060"/>
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        <balance>7619.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>228341.43000000</valUSD>
        <pctVal>0.171236256766</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Everest Group Ltd</name>
        <lei>549300N24XF2VV0B3570</lei>
        <title>Everest Group Ltd. </title>
        <cusip>G3223R108</cusip>
        <identifiers>
          <isin value="BMG3223R1088"/>
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        <balance>3736.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1269679.60000000</valUSD>
        <pctVal>0.952149515734</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BellRing Intermediate Holdings Inc.</name>
        <lei>549300S3BOK5CMTS8054</lei>
        <title>BellRing Brands, Inc. </title>
        <cusip>07831C103</cusip>
        <identifiers>
          <isin value="US07831C1036"/>
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        <balance>17768.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1029300.24000000</valUSD>
        <pctVal>0.771885856133</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Axalta Coating Systems Limited</name>
        <lei>529900AGLPA40GV6H619</lei>
        <title>Axalta Coating Systems Ltd. </title>
        <cusip>G0750C108</cusip>
        <identifiers>
          <isin value="BMG0750C1082"/>
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        <balance>27285.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>810091.65000000</valUSD>
        <pctVal>0.607498436808</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>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>H2O America</name>
        <lei>N/A</lei>
        <title>H2O America </title>
        <cusip>784305104</cusip>
        <identifiers>
          <isin value="US7843051043"/>
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        <balance>18536.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>963315.92000000</valUSD>
        <pctVal>0.722403342329</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Oshkosh Corporation</name>
        <lei>549300FEKNPCFSA2B506</lei>
        <title>Oshkosh Corporation </title>
        <cusip>688239201</cusip>
        <identifiers>
          <isin value="US6882392011"/>
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        <balance>16812.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1908834.48000000</valUSD>
        <pctVal>1.431460209134</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>
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      <invstOrSec>
        <name>Nextracker Inc.</name>
        <lei>N/A</lei>
        <title>Nextracker Inc - Class A </title>
        <cusip>65290E101</cusip>
        <identifiers>
          <isin value="US65290E1010"/>
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        <balance>32512.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1767677.44000000</valUSD>
        <pctVal>1.325604678905</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>Euronet Worldwide, Inc.</name>
        <lei>YG3575C4DSHJPA5KET68</lei>
        <title>Euronet Worldwide, Inc. </title>
        <cusip>298736109</cusip>
        <identifiers>
          <isin value="US2987361092"/>
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        <balance>4820.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>488651.60000000</valUSD>
        <pctVal>0.366446294248</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>F N B Corp (Pennsylvania)</name>
        <lei>PCYSKIGYNYFDTBLVZU83</lei>
        <title>F.N.B. Corporation </title>
        <cusip>302520101</cusip>
        <identifiers>
          <isin value="US3025201019"/>
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        <balance>95616.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1394081.28000000</valUSD>
        <pctVal>1.045439980012</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>Westamerica Bancorp</name>
        <lei>N/A</lei>
        <title>Westamerica BanCorporation </title>
        <cusip>957090103</cusip>
        <identifiers>
          <isin value="US9570901036"/>
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        <balance>7255.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>351432.20000000</valUSD>
        <pctVal>0.263543652306</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>Ecolab Inc.</name>
        <lei>82DYEISM090VG8LTLS26</lei>
        <title>Ecolab, Inc. </title>
        <cusip>278865100</cusip>
        <identifiers>
          <isin value="US2788651006"/>
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        <balance>7358.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1982539.52000000</valUSD>
        <pctVal>1.486732592925</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>Innovex International Inc.</name>
        <lei>5299007REICYIJNMW197</lei>
        <title>Innovex International, Inc. </title>
        <cusip>457651107</cusip>
        <identifiers>
          <isin value="US4576511079"/>
        </identifiers>
        <balance>22339.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>348935.18000000</valUSD>
        <pctVal>0.261671104001</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>DoubleVerify Holdings Inc</name>
        <lei>N/A</lei>
        <title>DOUBLEVERIFY HOLDINGS INC COM </title>
        <cusip>25862V105</cusip>
        <identifiers>
          <isin value="US25862V1052"/>
        </identifiers>
        <balance>36226.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>542303.22000000</valUSD>
        <pctVal>0.406680353298</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>Darden Restaurants, Inc.</name>
        <lei>CY1NFSCCB5GUXC7WZC70</lei>
        <title>Darden Restaurants, Inc. </title>
        <cusip>237194105</cusip>
        <identifiers>
          <isin value="US2371941053"/>
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        <balance>5637.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1228696.89000000</valUSD>
        <pctVal>0.921416039761</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>DexCom Inc</name>
        <lei>549300YSK3QDSFR5EU59</lei>
        <title>DexCom, Inc. </title>
        <cusip>252131107</cusip>
        <identifiers>
          <isin value="US2521311074"/>
        </identifiers>
        <balance>20385.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1779406.65000000</valUSD>
        <pctVal>1.334400568531</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Five Below Inc</name>
        <lei>529900AAXP5Z6BGI7418</lei>
        <title>Five Below, Inc. </title>
        <cusip>33829M101</cusip>
        <identifiers>
          <isin value="US33829M1018"/>
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        <balance>14179.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1860001.22000000</valUSD>
        <pctVal>1.394839501941</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>Omnicom Group Inc</name>
        <lei>HKUPACFHSSASQK8HLS17</lei>
        <title>Omnicom Group, Inc. </title>
        <cusip>681919106</cusip>
        <identifiers>
          <isin value="US6819191064"/>
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        <balance>17925.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1289524.50000000</valUSD>
        <pctVal>0.967031468571</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>Evergy Inc</name>
        <lei>549300PGTHDQY6PSUI61</lei>
        <title>Evergy, Inc. </title>
        <cusip>30034W106</cusip>
        <identifiers>
          <isin value="US30034W1062"/>
        </identifiers>
        <balance>20399.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1406103.07000000</valUSD>
        <pctVal>1.054455279247</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>EPR Properties</name>
        <lei>549300YSSXFHMPOWZ492</lei>
        <title>EPR Properties REIT</title>
        <cusip>26884U109</cusip>
        <identifiers>
          <isin value="US26884U1097"/>
        </identifiers>
        <balance>19497.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1135895.22000000</valUSD>
        <pctVal>0.851822840697</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>Mister Car Wash Inc</name>
        <lei>N/A</lei>
        <title>Mister Car Wash, Inc. </title>
        <cusip>60646V105</cusip>
        <identifiers>
          <isin value="US60646V1052"/>
        </identifiers>
        <balance>31377.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>188575.77000000</valUSD>
        <pctVal>0.141415462676</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>NNN REIT Inc</name>
        <lei>5493008JKH5SOTI0JS97</lei>
        <title>National Retail Properties, Inc. REIT</title>
        <cusip>637417106</cusip>
        <identifiers>
          <isin value="US6374171063"/>
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        <balance>44859.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1937011.62000000</valUSD>
        <pctVal>1.452590618889</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>Dollar Tree Inc</name>
        <lei>549300PMSTQITB1WHR43</lei>
        <title>Dollar Tree, Inc. </title>
        <cusip>256746108</cusip>
        <identifiers>
          <isin value="US2567461080"/>
        </identifiers>
        <balance>16435.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1627722.40000000</valUSD>
        <pctVal>1.220650544365</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>Maplebear Inc.</name>
        <lei>N/A</lei>
        <title>Maplebear Incorporated </title>
        <cusip>565394103</cusip>
        <identifiers>
          <isin value="US5653941030"/>
        </identifiers>
        <balance>23346.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1056173.04000000</valUSD>
        <pctVal>0.792038124081</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>Ormat Technologies Inc.</name>
        <lei>5493000TSHHWY24VHM09</lei>
        <title>Ormat Technologies, Inc. </title>
        <cusip>686688102</cusip>
        <identifiers>
          <isin value="US6866881021"/>
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        <balance>7567.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>633811.92000000</valUSD>
        <pctVal>0.475303937067</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Digi International Inc.</name>
        <lei>529900KG656HGROI4N27</lei>
        <title>Digi International, Inc. </title>
        <cusip>253798102</cusip>
        <identifiers>
          <isin value="US2537981027"/>
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        <balance>9180.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>320014.80000000</valUSD>
        <pctVal>0.239983328745</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>
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      <invstOrSec>
        <name>Lear Corporation</name>
        <lei>549300UPNBTXA1SYTQ33</lei>
        <title>Lear Corporation </title>
        <cusip>521865204</cusip>
        <identifiers>
          <isin value="US5218652049"/>
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        <balance>14335.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1361538.30000000</valUSD>
        <pctVal>1.021035569130</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>AdaptHealth Corporation</name>
        <lei>N/A</lei>
        <title>Adapthealth Corp. </title>
        <cusip>00653Q102</cusip>
        <identifiers>
          <isin value="US00653Q1022"/>
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        <balance>63600.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>599748.00000000</valUSD>
        <pctVal>0.449758953174</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Vulcan Materials Company</name>
        <lei>549300Q8LSNHAVWBNI21</lei>
        <title>Vulcan Materials Company </title>
        <cusip>929160109</cusip>
        <identifiers>
          <isin value="US9291601097"/>
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        <balance>4491.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1171342.62000000</valUSD>
        <pctVal>0.878405314531</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Nexstar Media Group Inc</name>
        <lei>52990083ZRR5UT591988</lei>
        <title>Nexstar Media Group, Inc. </title>
        <cusip>65336K103</cusip>
        <identifiers>
          <isin value="US65336K1034"/>
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        <balance>7517.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1300065.15000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Reinsurance Group of America, Incorporated</name>
        <lei>LORM1GNEU1DKEW527V90</lei>
        <title>Reinsurance Group of America, Inc. </title>
        <cusip>759351604</cusip>
        <identifiers>
          <isin value="US7593516047"/>
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        <balance>9776.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1939167.36000000</valUSD>
        <pctVal>1.454207236811</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>N/A</name>
        <lei>N/A</lei>
        <title>BBH Overnight Sweep </title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="Internal" value="BBHSWEEP"/>
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        <balance>652182.92000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>652182.92000000</valUSD>
        <pctVal>0.489080592811</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</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>California Water Service Group</name>
        <lei>529900QABDOBU6UVRQ36</lei>
        <title>California Water Service Group </title>
        <cusip>130788102</cusip>
        <identifiers>
          <isin value="US1307881029"/>
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        <balance>27698.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1259705.04000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Cardinal Health, Inc.</name>
        <lei>CCU46N3GJMF4OK4N7U60</lei>
        <title>Cardinal Health, Inc. </title>
        <cusip>14149Y108</cusip>
        <identifiers>
          <isin value="US14149Y1082"/>
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        <balance>11581.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1945608.00000000</valUSD>
        <pctVal>1.459037157885</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>Chord Energy Corp.</name>
        <lei>529900FA4V2YNIKZ0M71</lei>
        <title>Chord Energy Corporation </title>
        <cusip>674215207</cusip>
        <identifiers>
          <isin value="US6742152076"/>
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        <balance>14113.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1366844.05000000</valUSD>
        <pctVal>1.025014421191</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>Etsy Inc</name>
        <lei>54930089Q7XT501AEA40</lei>
        <title>Etsy, Inc. </title>
        <cusip>29786A106</cusip>
        <identifiers>
          <isin value="US29786A1060"/>
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        <balance>23087.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1158043.92000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>American Homes 4 Rent</name>
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        <valUSD>1847974.31000000</valUSD>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Element Solutions Inc</name>
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        <title>Element Solutions, Inc. </title>
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        <valUSD>1353767.85000000</valUSD>
        <pctVal>1.015208405958</pctVal>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Jones Lang LaSalle Incorporated</name>
        <lei>6SYKCME112RT8TQUO411</lei>
        <title>Jones Lang LaSalle, Inc. </title>
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          <isin value="US48020Q1076"/>
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        <valUSD>1466130.96000000</valUSD>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Aptargroup Inc.</name>
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        <curCd>USD</curCd>
        <valUSD>1271150.18000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Addus Homecare Corp</name>
        <lei>52990090ZT33AKPDBX62</lei>
        <title>Addus HomeCare Corporation </title>
        <cusip>006739106</cusip>
        <identifiers>
          <isin value="US0067391062"/>
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        <balance>4089.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>471011.91000000</valUSD>
        <pctVal>0.353218057541</pctVal>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2025-08-27</ncom:dateSigned>
      <ncom:nameOfApplicant>New Age Alpha Variable Funds Trust</ncom:nameOfApplicant>
      <ncom:signature>Keith D. Kemp</ncom:signature>
      <ncom:signerName>Keith D. Kemp</ncom:signerName>
      <ncom:title>President</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
