<?xml version="1.0" encoding="UTF-8"?><nport:edgarSubmission xmlns="http://www.sec.gov/edgar/nport" xmlns:com="http://www.sec.gov/edgar/common" xmlns:ncom="http://www.sec.gov/edgar/nportcommon" xmlns:nport="http://www.sec.gov/edgar/nport" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.sec.gov/edgar/nport eis_NPORT_Filer.xsd "><nport:headerData><nport:submissionType>NPORT-P</nport:submissionType><nport:isConfidential>false</nport:isConfidential><nport:filerInfo><nport:filer><nport:issuerCredentials><nport:cik>0000277751</nport:cik><nport:ccc>XXXXXXXX</nport:ccc></nport:issuerCredentials></nport:filer><nport:seriesClassInfo><nport:seriesId>S000010480</nport:seriesId><nport:classId>C000028939</nport:classId><nport:classId>C000028940</nport:classId><nport:classId>C000077705</nport:classId><nport:classId>C000077706</nport:classId><nport:classId>C000077707</nport:classId><nport:classId>C000077708</nport:classId><nport:classId>C000077709</nport:classId><nport:classId>C000083526</nport:classId><nport:classId>C000114879</nport:classId></nport:seriesClassInfo></nport:filerInfo></nport:headerData><nport:formData><genInfo><regName>JANUS INVESTMENT FUND</regName><regFileNumber>811-01879</regFileNumber><regCik>0000277751</regCik><regLei>W6UYDZFUOFJ4HQQ32382</regLei><regStreet1>151 DETROIT STREET</regStreet1><regCity>DENVER</regCity><regStateConditional regCountry="US" regState="US-CO"/><regZipOrPostalCode>80206</regZipOrPostalCode><regPhone>3033333863</regPhone><seriesName>Janus Henderson Small Cap Value Fund</seriesName><seriesId>S000010480</seriesId><seriesLei>4JUN205P8U622DADVL73</seriesLei><repPdEnd>2020-06-30</repPdEnd><repPdDate>2019-12-31</repPdDate><isFinalFiling>N</isFinalFiling></genInfo><fundInfo><totAssets>3855661078</totAssets><totLiabs>14049404</totLiabs><netAssets>3841611674</netAssets><assetsAttrMiscSec>0</assetsAttrMiscSec><assetsInvested>0</assetsInvested><amtPayOneYrBanksBorr>0</amtPayOneYrBanksBorr><amtPayOneYrCtrldComp>0</amtPayOneYrCtrldComp><amtPayOneYrOthAffil>0</amtPayOneYrOthAffil><amtPayOneYrOther>0</amtPayOneYrOther><amtPayAftOneYrBanksBorr>0</amtPayAftOneYrBanksBorr><amtPayAftOneYrCtrldComp>0</amtPayAftOneYrCtrldComp><amtPayAftOneYrOthAffil>0</amtPayAftOneYrOthAffil><amtPayAftOneYrOther>0</amtPayAftOneYrOther><delayDeliv>0</delayDeliv><standByCommit>0</standByCommit><liquidPref>0</liquidPref><cshNotRptdInCorD>28544</cshNotRptdInCorD><isNonCashCollateral>N</isNonCashCollateral><returnInfo><monthlyTotReturns><monthlyTotReturn classId="C000077705" rtn1="2.93" rtn2="2.54" rtn3="1.28"/><monthlyTotReturn classId="C000077706" rtn1="2.9" rtn2="2.48" rtn3="1.23"/><monthlyTotReturn classId="C000083526" rtn1="2.94" rtn2="2.55" rtn3="1.34"/><monthlyTotReturn classId="C000077707" rtn1="2.96" rtn2="2.54" rtn3="1.33"/><monthlyTotReturn classId="C000028939" rtn1="2.98" rtn2="2.55" rtn3="1.34"/><monthlyTotReturn classId="C000114879" rtn1="2.98" rtn2="2.54" rtn3="1.33"/><monthlyTotReturn classId="C000077708" rtn1="2.91" rtn2="2.48" rtn3="1.28"/><monthlyTotReturn classId="C000077709" rtn1="2.91" rtn2="2.53" rtn3="1.3"/><monthlyTotReturn classId="C000028940" rtn1="2.98" rtn2="2.55" rtn3="1.29"/></monthlyTotReturns><monthlyReturnCats><commodityContracts><mon1 netRealizedGain="0" netUnrealizedAppr="0"/><mon2 netRealizedGain="0" netUnrealizedAppr="0"/><mon3 netRealizedGain="0" netUnrealizedAppr="0"/><forwardCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></forwardCategory><futureCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></futureCategory><optionCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></optionCategory><swaptionCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></swaptionCategory><swapCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></swapCategory><warrantCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></warrantCategory><otherCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></otherCategory></commodityContracts><creditContracts><mon1 netRealizedGain="0" netUnrealizedAppr="0"/><mon2 netRealizedGain="0" netUnrealizedAppr="0"/><mon3 netRealizedGain="0" netUnrealizedAppr="0"/><forwardCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></forwardCategory><futureCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></futureCategory><optionCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></optionCategory><swaptionCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></swaptionCategory><swapCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></swapCategory><warrantCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></warrantCategory><otherCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></otherCategory></creditContracts><equityContracts><mon1 netRealizedGain="0" netUnrealizedAppr="0"/><mon2 netRealizedGain="0" netUnrealizedAppr="0"/><mon3 netRealizedGain="0" netUnrealizedAppr="0"/><forwardCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></forwardCategory><futureCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></futureCategory><optionCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></optionCategory><swaptionCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></swaptionCategory><swapCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></swapCategory><warrantCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></warrantCategory><otherCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></otherCategory></equityContracts><foreignExchgContracts><mon1 netRealizedGain="0" netUnrealizedAppr="0"/><mon2 netRealizedGain="0" netUnrealizedAppr="0"/><mon3 netRealizedGain="0" netUnrealizedAppr="0"/><forwardCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></forwardCategory><futureCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></futureCategory><optionCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></optionCategory><swaptionCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></swaptionCategory><swapCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></swapCategory><warrantCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></warrantCategory><otherCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></otherCategory></foreignExchgContracts><interestRtContracts><mon1 netRealizedGain="0" netUnrealizedAppr="0"/><mon2 netRealizedGain="0" netUnrealizedAppr="0"/><mon3 netRealizedGain="0" netUnrealizedAppr="0"/><forwardCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></forwardCategory><futureCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></futureCategory><optionCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></optionCategory><swaptionCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></swaptionCategory><swapCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></swapCategory><warrantCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></warrantCategory><otherCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></otherCategory></interestRtContracts><otherContracts><mon1 netRealizedGain="0" netUnrealizedAppr="0"/><mon2 netRealizedGain="0" netUnrealizedAppr="0"/><mon3 netRealizedGain="0" netUnrealizedAppr="0"/><forwardCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></forwardCategory><futureCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></futureCategory><optionCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></optionCategory><swaptionCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></swaptionCategory><swapCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></swapCategory><warrantCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></warrantCategory><otherCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></otherCategory></otherContracts></monthlyReturnCats><othMon1 netRealizedGain="22678076" netUnrealizedAppr="77993499"/><othMon2 netRealizedGain="7862694" netUnrealizedAppr="77236348"/><othMon3 netRealizedGain="-5102799" netUnrealizedAppr="44287586"/></returnInfo><mon1Flow redemption="-61494971.53" reinvestment="35023251.7" sales="147890081.42"/><mon2Flow redemption="-58745030.42" reinvestment="0" sales="124708544.4"/><mon3Flow redemption="-75264414.6" reinvestment="0" sales="123588772.2"/></fundInfo><invstOrSecs><invstOrSec><name>ING Groep NV</name><lei>N/A</lei><title>ING Groep NV REPO 1.49% 1/2/2020</title><cusip>N/A</cusip><identifiers><other otherDesc="IG0102A20" value="Internal ID"/></identifiers><balance>75000000</balance><units>PA</units><curCd>USD</curCd><valUSD>75000000</valUSD><pctVal>1.9523</pctVal><payoffProfile>Long</payoffProfile><assetCat>RA</assetCat><issuerCat>CORP</issuerCat><invCountry>US</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><repurchaseAgrmt><transCat>Repurchase</transCat><notClearedCentCparty isCleared="N"><counterpartyInfos><counterpartyInfo lei="KBVRJ5K57JZ3E2AVWX40" name="ING Financial Markets LLC"/></counterpartyInfos></notClearedCentCparty><isTriParty>Y</isTriParty><repurchaseRt>1.49</repurchaseRt><maturityDt>2020-01-02</maturityDt><repurchaseCollaterals><repurchaseCollateral><principalAmt>73099800</principalAmt><principalCd>USD</principalCd><collateralVal>76506333.595</collateralVal><collateralCd>USD</collateralCd><invstCat>UST</invstCat></repurchaseCollateral></repurchaseCollaterals></repurchaseAgrmt><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>ING Groep NV</name><lei>N/A</lei><title>ING Groep NV REPO 1.43% 1/2/2020</title><cusip>N/A</cusip><identifiers><other otherDesc="IG0102C20" value="Internal ID"/></identifiers><balance>11800000</balance><units>PA</units><curCd>USD</curCd><valUSD>11800000</valUSD><pctVal>0.3072</pctVal><payoffProfile>Long</payoffProfile><assetCat>RA</assetCat><issuerCat>CORP</issuerCat><invCountry>US</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><repurchaseAgrmt><transCat>Repurchase</transCat><notClearedCentCparty isCleared="N"><counterpartyInfos><counterpartyInfo lei="KBVRJ5K57JZ3E2AVWX40" name="ING Financial Markets LLC"/></counterpartyInfos></notClearedCentCparty><isTriParty>Y</isTriParty><repurchaseRt>1.43</repurchaseRt><maturityDt>2020-01-02</maturityDt><repurchaseCollaterals><repurchaseCollateral><principalAmt>11437879.2873051</principalAmt><principalCd>USD</principalCd><collateralVal>12036960.7197327</collateralVal><collateralCd>USD</collateralCd><invstCat>UST</invstCat></repurchaseCollateral></repurchaseCollaterals></repurchaseAgrmt><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>Royal Bank Of Canada</name><lei>N/A</lei><title>Royal Bank of Canada REPO 1.47% 1/2/2020</title><cusip>N/A</cusip><identifiers><other otherDesc="RY0102B20" value="Internal ID"/></identifiers><balance>70000000</balance><units>PA</units><curCd>USD</curCd><valUSD>70000000</valUSD><pctVal>1.8222</pctVal><payoffProfile>Long</payoffProfile><assetCat>RA</assetCat><issuerCat>CORP</issuerCat><invCountry>US</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><repurchaseAgrmt><transCat>Repurchase</transCat><notClearedCentCparty isCleared="N"><counterpartyInfos><counterpartyInfo lei="ES7IP3U3RHIGC71XBU11" name="Royal Bank of Canada"/></counterpartyInfos></notClearedCentCparty><isTriParty>Y</isTriParty><repurchaseRt>1.47</repurchaseRt><maturityDt>2020-01-02</maturityDt><repurchaseCollaterals><repurchaseCollateral><principalAmt>69983830</principalAmt><principalCd>USD</principalCd><collateralVal>71405846.435</collateralVal><collateralCd>USD</collateralCd><invstCat>UST</invstCat></repurchaseCollateral></repurchaseCollaterals></repurchaseAgrmt><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>Acushnet Holdings Corp</name><lei>529900W5FI106H543E43</lei><title>Acushnet Holdings Corp</title><cusip>005098108</cusip><identifiers><isin value="US0050981085"/><ticker value="GOLF"/><other otherDesc="BD3WG50" value="Sedol"/></identifiers><balance>1604111</balance><units>NS</units><curCd>USD</curCd><valUSD>52133608</valUSD><pctVal>1.3571</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>US</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>1</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>American Vanguard Corp</name><lei>529900GWI78WZA5M9783</lei><title>American Vanguard Corp</title><cusip>030371108</cusip><identifiers><isin value="US0303711081"/><ticker value="AVD"/><other otherDesc="2025711" value="Sedol"/></identifiers><balance>727150</balance><units>NS</units><curCd>USD</curCd><valUSD>14157611</valUSD><pctVal>0.3685</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>Americold Realty Trust</name><lei>549300R7N1V5YV8MWH02</lei><title>Americold Realty Trust</title><cusip>03064D108</cusip><identifiers><isin value="US03064D1081"/><ticker value="COLD"/><other otherDesc="B3SKZK7" value="Sedol"/></identifiers><balance>1089985</balance><units>NS</units><curCd>USD</curCd><valUSD>38214874</valUSD><pctVal>0.9948</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>Apergy Corp</name><lei>549300EP2909K6DYYP38</lei><title>Apergy Corp</title><cusip>03755L104</cusip><identifiers><isin value="US03755L1044"/><ticker value="APY"/><other otherDesc="BFXZQZ3" value="Sedol"/></identifiers><balance>1725991</balance><units>NS</units><curCd>USD</curCd><valUSD>58303976</valUSD><pctVal>1.5177</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>Atlantic Union Bankshares Corp</name><lei>N/A</lei><title>Atlantic Union Bankshares Corp</title><cusip>04911A107</cusip><identifiers><isin value="US04911A1079"/><ticker value="AUB"/><other otherDesc="BFZ9DB8" value="Sedol"/></identifiers><balance>2201174</balance><units>NS</units><curCd>USD</curCd><valUSD>82654084</valUSD><pctVal>2.1515</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>Avnet Inc</name><lei>XJI53DCPL7QABOWK4Z75</lei><title>Avnet Inc</title><cusip>053807103</cusip><identifiers><isin value="US0538071038"/><ticker value="AVT"/><other otherDesc="2066505" value="Sedol"/></identifiers><balance>1609744</balance><units>NS</units><curCd>USD</curCd><valUSD>68317535</valUSD><pctVal>1.7784</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>BWX Technologies Inc</name><lei>549300NP85N265KWMS58</lei><title>BWX Technologies Inc</title><cusip>05605H100</cusip><identifiers><isin value="US05605H1005"/><ticker value="BWXT"/><other otherDesc="BZ0W624" value="Sedol"/></identifiers><balance>651787</balance><units>NS</units><curCd>USD</curCd><valUSD>40462937</valUSD><pctVal>1.0533</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>BancFirst Corp</name><lei>549300EJEHGBP4IO2J30</lei><title>BancFirst Corp</title><cusip>05945F103</cusip><identifiers><isin value="US05945F1030"/><ticker value="BANF"/><other otherDesc="2078782" value="Sedol"/></identifiers><balance>603901</balance><units>NS</units><curCd>USD</curCd><valUSD>37707578</valUSD><pctVal>0.9816</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>Bank of Hawaii Corp</name><lei>5493006Q8BQ8AD8M2U33</lei><title>Bank of Hawaii Corp</title><cusip>062540109</cusip><identifiers><isin value="US0625401098"/><ticker value="BOH"/><other otherDesc="2074070" value="Sedol"/></identifiers><balance>833336</balance><units>NS</units><curCd>USD</curCd><valUSD>79300254</valUSD><pctVal>2.0642</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>Black Hills Corp</name><lei>3MGELCRSTNSAMJ962671</lei><title>Black Hills Corp</title><cusip>092113109</cusip><identifiers><isin value="US0921131092"/><ticker value="BKH"/><other otherDesc="2101741" value="Sedol"/></identifiers><balance>979706</balance><units>NS</units><curCd>USD</curCd><valUSD>76946109</valUSD><pctVal>2.003</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>CTS Corp</name><lei>549300YV1HQLBVHOI649</lei><title>CTS Corp</title><cusip>126501105</cusip><identifiers><isin value="US1265011056"/><ticker value="CTS"/><other otherDesc="2239244" value="Sedol"/></identifiers><balance>322445</balance><units>NS</units><curCd>USD</curCd><valUSD>9676574</valUSD><pctVal>0.2519</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>Cal-Maine Foods Inc</name><lei>549300NHE5WMIEIEMF53</lei><title>Cal-Maine Foods Inc</title><cusip>128030202</cusip><identifiers><isin value="US1280302027"/><ticker value="CALM"/><other otherDesc="2158781" value="Sedol"/></identifiers><balance>1708314</balance><units>NS</units><curCd>USD</curCd><valUSD>73030424</valUSD><pctVal>1.901</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>Carolina Financial Corp</name><lei>549300J88S3H0BJR4L76</lei><title>Carolina Financial Corp</title><cusip>143873107</cusip><identifiers><isin value="US1438731077"/><ticker value="CARO"/><other otherDesc="BCF0W13" value="Sedol"/></identifiers><balance>1289737</balance><units>NS</units><curCd>USD</curCd><valUSD>55755331</valUSD><pctVal>1.4514</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>US</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>1</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>Carter's Inc</name><lei>5299003WAQK4R3L3ZU36</lei><title>Carter's Inc</title><cusip>146229109</cusip><identifiers><isin value="US1462291097"/><ticker value="CRI"/><other otherDesc="2980939" value="Sedol"/></identifiers><balance>436645</balance><units>NS</units><curCd>USD</curCd><valUSD>47742764</valUSD><pctVal>1.2428</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>Casey's General Stores Inc</name><lei>549300CAFWSI86V66Q65</lei><title>Casey's General Stores Inc</title><cusip>147528103</cusip><identifiers><isin value="US1475281036"/><ticker value="CASY"/><other otherDesc="2179414" value="Sedol"/></identifiers><balance>175597</balance><units>NS</units><curCd>USD</curCd><valUSD>27918167</valUSD><pctVal>0.7267</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>Cass Information Systems Inc</name><lei>549300G7XPIPR7SJ2F38</lei><title>Cass Information Systems Inc</title><cusip>14808P109</cusip><identifiers><isin value="US14808P1093"/><ticker value="CASS"/><other otherDesc="2086558" value="Sedol"/></identifiers><balance>333742</balance><units>NS</units><curCd>USD</curCd><valUSD>19270263</valUSD><pctVal>0.5016</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>Cedar Fair LP</name><lei>549300TUVLNQQ6BVKH61</lei><title>Cedar Fair LP</title><cusip>150185106</cusip><identifiers><isin value="US1501851067"/><ticker value="FUN"/><other otherDesc="2181453" value="Sedol"/></identifiers><balance>1511936</balance><units>NS</units><curCd>USD</curCd><valUSD>83821732</valUSD><pctVal>2.1819</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>Celestica Inc</name><lei>549300J3CG5T6RZWLN53</lei><title>Celestica Inc</title><cusip>15101Q108</cusip><identifiers><isin value="CA15101Q1081"/><ticker value="CLS"/><other otherDesc="2262659" value="Sedol"/></identifiers><balance>1796488</balance><units>NS</units><curCd>USD</curCd><valUSD>14856956</valUSD><pctVal>0.3867</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>CA</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>1</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>Century Casinos Inc</name><lei>549300H2L4Y24HXY7M50</lei><title>Century Casinos Inc</title><cusip>156492100</cusip><identifiers><isin value="US1564921005"/><ticker value="CNTY"/><other otherDesc="2022239" value="Sedol"/></identifiers><balance>1692272</balance><units>NS</units><curCd>USD</curCd><valUSD>13402794</valUSD><pctVal>0.3489</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>Cohen &amp; Steers Inc</name><lei>549300XXIA338A0X2K65</lei><title>Cohen &amp; Steers Inc</title><cusip>19247A100</cusip><identifiers><isin value="US19247A1007"/><ticker value="CNS"/><other otherDesc="B02H882" value="Sedol"/></identifiers><balance>288520</balance><units>NS</units><curCd>USD</curCd><valUSD>18107515</valUSD><pctVal>0.4714</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 Metals Co</name><lei>549300OQS2LO07ZJ7N73</lei><title>Commercial Metals Co</title><cusip>201723103</cusip><identifiers><isin value="US2017231034"/><ticker value="CMC"/><other otherDesc="2213260" value="Sedol"/></identifiers><balance>1877595</balance><units>NS</units><curCd>USD</curCd><valUSD>41814041</valUSD><pctVal>1.0885</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>DMC Global Inc</name><lei>549300CBDXD1Z5MRNG02</lei><title>DMC Global Inc</title><cusip>23291C103</cusip><identifiers><isin value="US23291C1036"/><ticker value="BOOM"/><other otherDesc="BYN8NH6" value="Sedol"/></identifiers><balance>482512</balance><units>NS</units><curCd>USD</curCd><valUSD>21684089</valUSD><pctVal>0.5645</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>Boyd Group Income Fund</name><lei>549300FVHMLW88VSTP09</lei><title>Boyd Group Income Fund</title><cusip>103309100</cusip><identifiers><isin value="CA1033091002"/><ticker value="BYD-U"/><other otherDesc="2438900" value="Sedol"/></identifiers><balance>131499</balance><units>NS</units><currencyConditional curCd="CAD" exchangeRt="1.2984"/><valUSD>20458101</valUSD><pctVal>0.5325</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>CA</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>1</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>Delek US Holdings Inc</name><lei>5493003O53JMENV1N385</lei><title>Delek US Holdings Inc</title><cusip>24665A103</cusip><identifiers><isin value="US24665A1034"/><ticker value="DK"/><other otherDesc="BF5P189" value="Sedol"/></identifiers><balance>1688291</balance><units>NS</units><curCd>USD</curCd><valUSD>56608397</valUSD><pctVal>1.4736</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>Dorman Products Inc</name><lei>N/A</lei><title>Dorman Products Inc</title><cusip>258278100</cusip><identifiers><isin value="US2582781009"/><ticker value="DORM"/><other otherDesc="2718594" value="Sedol"/></identifiers><balance>642271</balance><units>NS</units><curCd>USD</curCd><valUSD>48632760</valUSD><pctVal>1.2659</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>Empire State Realty Trust Inc</name><lei>549300VOKY1DUEQSB456</lei><title>Empire State Realty Trust Inc</title><cusip>292104106</cusip><identifiers><isin value="US2921041065"/><ticker value="ESRT"/><other otherDesc="BF321D7" value="Sedol"/></identifiers><balance>2217584</balance><units>NS</units><curCd>USD</curCd><valUSD>30957473</valUSD><pctVal>0.8058</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>Encore Wire Corp</name><lei>N/A</lei><title>Encore Wire Corp</title><cusip>292562105</cusip><identifiers><isin value="US2925621052"/><ticker value="WIRE"/><other otherDesc="2273446" value="Sedol"/></identifiers><balance>701406</balance><units>NS</units><curCd>USD</curCd><valUSD>40260704</valUSD><pctVal>1.048</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>Enterprise Financial Services</name><lei>5493001XTU5DLD632129</lei><title>Enterprise Financial Services Corp</title><cusip>293712105</cusip><identifiers><isin value="US2937121059"/><ticker value="EFSC"/><other otherDesc="2768889" value="Sedol"/></identifiers><balance>264187</balance><units>NS</units><curCd>USD</curCd><valUSD>12736455</valUSD><pctVal>0.3315</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>Equity Commonwealth</name><lei>549300YPGVU9PR4L0606</lei><title>Equity Commonwealth</title><cusip>294628102</cusip><identifiers><isin value="US2946281027"/><ticker value="EQC"/><other otherDesc="BPH3N63" value="Sedol"/></identifiers><balance>3018217</balance><units>NS</units><curCd>USD</curCd><valUSD>99088064</valUSD><pctVal>2.5793</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>Euronet Worldwide Inc</name><lei>YG3575C4DSHJPA5KET68</lei><title>Euronet Worldwide Inc</title><cusip>298736109</cusip><identifiers><isin value="US2987361092"/><ticker value="EEFT"/><other otherDesc="2320148" value="Sedol"/></identifiers><balance>79765</balance><units>NS</units><curCd>USD</curCd><valUSD>12567773</valUSD><pctVal>0.3271</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>US</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>1</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>FB Financial Corp</name><lei>5493000B2LD2C2A6C435</lei><title>FB Financial Corp</title><cusip>30257X104</cusip><identifiers><isin value="US30257X1046"/><ticker value="FBK"/><other otherDesc="BYY5Z69" value="Sedol"/></identifiers><balance>1209032</balance><units>NS</units><curCd>USD</curCd><valUSD>47865577</valUSD><pctVal>1.246</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>First American Financial Corp</name><lei>549300B6VEZK3N0A1P55</lei><title>First American Financial Corp</title><cusip>31847R102</cusip><identifiers><isin value="US31847R1023"/><ticker value="FAF"/><other otherDesc="B4NFPK4" value="Sedol"/></identifiers><balance>595978</balance><units>NS</units><curCd>USD</curCd><valUSD>34757437</valUSD><pctVal>0.9048</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>Fulton Financial Corp</name><lei>5493005QLZ6O1BNC0C11</lei><title>Fulton Financial Corp</title><cusip>360271100</cusip><identifiers><isin value="US3602711000"/><ticker value="FULT"/><other otherDesc="2356585" value="Sedol"/></identifiers><balance>3330685</balance><units>NS</units><curCd>USD</curCd><valUSD>58053840</valUSD><pctVal>1.5112</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>GATX Corp</name><lei>549300IHYHCQP2PIR591</lei><title>GATX Corp</title><cusip>361448103</cusip><identifiers><isin value="US3614481030"/><ticker value="GATX"/><other otherDesc="2362128" value="Sedol"/></identifiers><balance>677084</balance><units>NS</units><curCd>USD</curCd><valUSD>56096409</valUSD><pctVal>1.4602</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>Generac Holdings Inc</name><lei>529900S2H2AHJHSFFI84</lei><title>Generac Holdings Inc</title><cusip>368736104</cusip><identifiers><isin value="US3687361044"/><ticker value="GNRC"/><other otherDesc="B6197Q2" value="Sedol"/></identifiers><balance>582550</balance><units>NS</units><curCd>USD</curCd><valUSD>58598705</valUSD><pctVal>1.5254</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>WR Grace &amp; Co</name><lei>5493003X5Z6TVAXIPW56</lei><title>WR Grace &amp; Co</title><cusip>38388F108</cusip><identifiers><isin value="US38388F1084"/><ticker value="GRA"/><other otherDesc="2232685" value="Sedol"/></identifiers><balance>1050235</balance><units>NS</units><curCd>USD</curCd><valUSD>73358915</valUSD><pctVal>1.9096</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>Graphic Packaging Holding Co</name><lei>N/A</lei><title>Graphic Packaging Holding Co</title><cusip>388689101</cusip><identifiers><isin value="US3886891015"/><ticker value="GPK"/><other otherDesc="B2Q8249" value="Sedol"/></identifiers><balance>3997468</balance><units>NS</units><curCd>USD</curCd><valUSD>66557842</valUSD><pctVal>1.7325</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>Hancock Whitney Corp</name><lei>549300GRNBWY8HIICT41</lei><title>Hancock Whitney Corp</title><cusip>410120109</cusip><identifiers><isin value="US4101201097"/><ticker value="HWC"/><other otherDesc="2415497" value="Sedol"/></identifiers><balance>1761523</balance><units>NS</units><curCd>USD</curCd><valUSD>77295629</valUSD><pctVal>2.0121</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>Hanover Insurance Group Inc/Th</name><lei>JJYR6MFKFF6CF8DBZ078</lei><title>Hanover Insurance Group Inc</title><cusip>410867105</cusip><identifiers><isin value="US4108671052"/><ticker value="THG"/><other otherDesc="2020415" value="Sedol"/></identifiers><balance>844698</balance><units>NS</units><curCd>USD</curCd><valUSD>115444876</valUSD><pctVal>3.0051</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>Hostess Brands Inc</name><lei>N/A</lei><title>Hostess Brands Inc</title><cusip>44109J106</cusip><identifiers><isin value="US44109J1060"/><ticker value="TWNK"/><other otherDesc="BZ8VJD5" value="Sedol"/></identifiers><balance>1036701</balance><units>NS</units><curCd>USD</curCd><valUSD>15073633</valUSD><pctVal>0.3924</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>Independent Bank Corp</name><lei>549300C5K3W8THR3GE10</lei><title>Independent Bank Corp</title><cusip>453836108</cusip><identifiers><isin value="US4538361084"/><ticker value="INDB"/><other otherDesc="2447821" value="Sedol"/></identifiers><balance>273063</balance><units>NS</units><curCd>USD</curCd><valUSD>22732495</valUSD><pctVal>0.5917</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>Ingles Markets Inc</name><lei>549300XH5RYBMYP8TF26</lei><title>Ingles Markets Inc</title><cusip>457030104</cusip><identifiers><isin value="US4570301048"/><ticker value="IMKTA"/><other otherDesc="2460550" value="Sedol"/></identifiers><balance>425797</balance><units>NS</units><curCd>USD</curCd><valUSD>20229615</valUSD><pctVal>0.5266</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>Innospec Inc</name><lei>213800SQBACNY5IWJO68</lei><title>Innospec Inc</title><cusip>45768S105</cusip><identifiers><isin value="US45768S1050"/><ticker value="IOSP"/><other otherDesc="2245597" value="Sedol"/></identifiers><balance>508378</balance><units>NS</units><curCd>USD</curCd><valUSD>52586620</valUSD><pctVal>1.3689</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>Kontoor Brands Inc</name><lei>549300M0CPXV65RFF271</lei><title>Kontoor Brands Inc</title><cusip>50050N103</cusip><identifiers><isin value="US50050N1037"/><ticker value="KTB"/><other otherDesc="BJTJGC4" value="Sedol"/></identifiers><balance>848241</balance><units>NS</units><curCd>USD</curCd><valUSD>35617640</valUSD><pctVal>0.9272</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>Korn Ferry</name><lei>549300FOD20OM0GT5G40</lei><title>Korn Ferry</title><cusip>500643200</cusip><identifiers><isin value="US5006432000"/><ticker value="KFY"/><other otherDesc="2386849" value="Sedol"/></identifiers><balance>1300638</balance><units>NS</units><curCd>USD</curCd><valUSD>55147051</valUSD><pctVal>1.4355</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>Lincoln Electric Holdings Inc</name><lei>BIMGBY40SIN95O01BN93</lei><title>Lincoln Electric Holdings Inc</title><cusip>533900106</cusip><identifiers><isin value="US5339001068"/><ticker value="LECO"/><other otherDesc="2516851" value="Sedol"/></identifiers><balance>647913</balance><units>NS</units><curCd>USD</curCd><valUSD>62672624</valUSD><pctVal>1.6314</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>Littelfuse Inc</name><lei>549300MY7HLQFYTPCX75</lei><title>Littelfuse Inc</title><cusip>537008104</cusip><identifiers><isin value="US5370081045"/><ticker value="LFUS"/><other otherDesc="2531832" value="Sedol"/></identifiers><balance>141250</balance><units>NS</units><curCd>USD</curCd><valUSD>27021125</valUSD><pctVal>0.7034</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>MKS Instruments Inc</name><lei>549300KEQATBHAGVF505</lei><title>MKS Instruments Inc</title><cusip>55306N104</cusip><identifiers><isin value="US55306N1046"/><ticker value="MKSI"/><other otherDesc="2404871" value="Sedol"/></identifiers><balance>325977</balance><units>NS</units><curCd>USD</curCd><valUSD>35860730</valUSD><pctVal>0.9335</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>Steven Madden Ltd</name><lei>549300Z9GZ7GYJWSGF43</lei><title>Steven Madden Ltd</title><cusip>556269108</cusip><identifiers><isin value="US5562691080"/><ticker value="SHOO"/><other otherDesc="2553911" value="Sedol"/></identifiers><balance>854905</balance><units>NS</units><curCd>USD</curCd><valUSD>36769464</valUSD><pctVal>0.9571</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>Marcus &amp; Millichap Inc</name><lei>549300B2HE8ULXNB1N48</lei><title>Marcus &amp; Millichap Inc</title><cusip>566324109</cusip><identifiers><isin value="US5663241090"/><ticker value="MMI"/><other otherDesc="BFWGXV2" value="Sedol"/></identifiers><balance>947866</balance><units>NS</units><curCd>USD</curCd><valUSD>35308009</valUSD><pctVal>0.9191</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>MasterCraft Boat Holdings Inc</name><lei>549300IXWX41555YJ117</lei><title>MasterCraft Boat Holdings Inc</title><cusip>57637H103</cusip><identifiers><isin value="US57637H1032"/><ticker value="MCFT"/><other otherDesc="BDTYR13" value="Sedol"/></identifiers><balance>807512</balance><units>NS</units><curCd>USD</curCd><valUSD>12718314</valUSD><pctVal>0.3311</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>Movado Group Inc</name><lei>549300WCGCGPWGHVXM59</lei><title>Movado Group Inc</title><cusip>624580106</cusip><identifiers><isin value="US6245801062"/><ticker value="MOV"/><other otherDesc="2643168" value="Sedol"/></identifiers><balance>1018265</balance><units>NS</units><curCd>USD</curCd><valUSD>22137081</valUSD><pctVal>0.5762</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>National Presto Industries Inc</name><lei>N/A</lei><title>National Presto Industries Inc</title><cusip>637215104</cusip><identifiers><isin value="US6372151042"/><ticker value="NPK"/><other otherDesc="2626802" value="Sedol"/></identifiers><balance>412196</balance><units>NS</units><curCd>USD</curCd><valUSD>36434004</valUSD><pctVal>0.9484</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>NewMarket Corp</name><lei>54930082CG88ERDREQ47</lei><title>NewMarket Corp</title><cusip>651587107</cusip><identifiers><isin value="US6515871076"/><ticker value="NEU"/><other otherDesc="B01CGF1" value="Sedol"/></identifiers><balance>118639</balance><units>NS</units><curCd>USD</curCd><valUSD>57720246</valUSD><pctVal>1.5025</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>NorthWestern Corp</name><lei>3BPWMBHR1R9SHUN7J795</lei><title>NorthWestern Corp</title><cusip>668074305</cusip><identifiers><isin value="US6680743050"/><ticker value="NWE"/><other otherDesc="B03PGL4" value="Sedol"/></identifiers><balance>432164</balance><units>NS</units><curCd>USD</curCd><valUSD>30973194</valUSD><pctVal>0.8063</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>PGT Innovations Inc</name><lei>549300LRW9WM59C1S579</lei><title>PGT Innovations Inc</title><cusip>69336V101</cusip><identifiers><isin value="US69336V1017"/><ticker value="PGTI"/><other otherDesc="B17V2N9" value="Sedol"/></identifiers><balance>1791408</balance><units>NS</units><curCd>USD</curCd><valUSD>26709893</valUSD><pctVal>0.6953</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>Pacific Premier Bancorp Inc</name><lei>549300Q1KIC3KLI0XG98</lei><title>Pacific Premier Bancorp Inc</title><cusip>69478X105</cusip><identifiers><isin value="US69478X1054"/><ticker value="PPBI"/><other otherDesc="2767217" value="Sedol"/></identifiers><balance>609722</balance><units>NS</units><curCd>USD</curCd><valUSD>19879986</valUSD><pctVal>0.5175</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>Parsley Energy Inc</name><lei>549300DMRA8DSL66G562</lei><title>Parsley Energy Inc</title><cusip>701877102</cusip><identifiers><isin value="US7018771029"/><ticker value="PE"/><other otherDesc="BMMV736" value="Sedol"/></identifiers><balance>2489398</balance><units>NS</units><curCd>USD</curCd><valUSD>47074516</valUSD><pctVal>1.2254</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>Phibro Animal Health Corp</name><lei>549300U24SP4AF2JUX52</lei><title>Phibro Animal Health Corp</title><cusip>71742Q106</cusip><identifiers><isin value="US71742Q1067"/><ticker value="PAHC"/><other otherDesc="BL95N25" value="Sedol"/></identifiers><balance>1052609</balance><units>NS</units><curCd>USD</curCd><valUSD>26136281</valUSD><pctVal>0.6803</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>Physicians Realty Trust</name><lei>549300ITOVH0OY7PZC34</lei><title>Physicians Realty Trust</title><cusip>71943U104</cusip><identifiers><isin value="US71943U1043"/><ticker value="DOC"/><other otherDesc="BC9S149" value="Sedol"/></identifiers><balance>655931</balance><units>NS</units><curCd>USD</curCd><valUSD>12423333</valUSD><pctVal>0.3234</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>Pinnacle Financial Partners In</name><lei>54930098EZ8JMSAZGS24</lei><title>Pinnacle Financial Partners Inc</title><cusip>72346Q104</cusip><identifiers><isin value="US72346Q1040"/><ticker value="PNFP"/><other otherDesc="2675097" value="Sedol"/></identifiers><balance>232174</balance><units>NS</units><curCd>USD</curCd><valUSD>14859136</valUSD><pctVal>0.3868</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>Prosperity Bancshares Inc</name><lei>N/A</lei><title>Prosperity Bancshares Inc</title><cusip>743606105</cusip><identifiers><isin value="US7436061052"/><ticker value="PB"/><other otherDesc="2310257" value="Sedol"/></identifiers><balance>1353634</balance><units>NS</units><curCd>USD</curCd><valUSD>97312748</valUSD><pctVal>2.5331</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>Ryder System Inc</name><lei>ZXJ6Y2OSPZXIVGRILD15</lei><title>Ryder System Inc</title><cusip>783549108</cusip><identifiers><isin value="US7835491082"/><ticker value="R"/><other otherDesc="2760669" value="Sedol"/></identifiers><balance>804452</balance><units>NS</units><curCd>USD</curCd><valUSD>43689788</valUSD><pctVal>1.1373</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>Sanderson Farms Inc</name><lei>529900KZGVFTWHUO2759</lei><title>Sanderson Farms Inc</title><cusip>800013104</cusip><identifiers><isin value="US8000131040"/><ticker value="SAFM"/><other otherDesc="2774336" value="Sedol"/></identifiers><balance>128721</balance><units>NS</units><curCd>USD</curCd><valUSD>22683215</valUSD><pctVal>0.5905</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>Sciplay Corp</name><lei>549300B8E2F1A3EW6869</lei><title>Sciplay Corp</title><cusip>809087109</cusip><identifiers><isin value="US8090871091"/><ticker value="SCPL"/><other otherDesc="BJMXTM4" value="Sedol"/></identifiers><balance>1487133</balance><units>NS</units><curCd>USD</curCd><valUSD>18276865</valUSD><pctVal>0.4758</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>Seaboard Corp</name><lei>87Q3KOXT29OW9W9YPT70</lei><title>Seaboard Corp</title><cusip>811543107</cusip><identifiers><isin value="US8115431079"/><ticker value="SEB"/><other otherDesc="2786687" value="Sedol"/></identifiers><balance>11162</balance><units>NS</units><curCd>USD</curCd><valUSD>47444639</valUSD><pctVal>1.235</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>STAG Industrial Inc</name><lei>549300QWYX2W6FASVQ07</lei><title>STAG Industrial Inc</title><cusip>85254J102</cusip><identifiers><isin value="US85254J1025"/><ticker value="STAG"/><other otherDesc="B64BRQ5" value="Sedol"/></identifiers><balance>2863756</balance><units>NS</units><curCd>USD</curCd><valUSD>90408777</valUSD><pctVal>2.3534</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>Sunstone Hotel Investors Inc</name><lei>N/A</lei><title>Sunstone Hotel Investors Inc</title><cusip>867892101</cusip><identifiers><isin value="US8678921011"/><ticker value="SHO"/><other otherDesc="B034LG1" value="Sedol"/></identifiers><balance>1605332</balance><units>NS</units><curCd>USD</curCd><valUSD>22346221</valUSD><pctVal>0.5817</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>Thermon Group Holdings Inc</name><lei>529900ZNZBBLDE77MZ38</lei><title>Thermon Group Holdings Inc</title><cusip>88362T103</cusip><identifiers><isin value="US88362T1034"/><ticker value="THR"/><other otherDesc="B3N6F00" value="Sedol"/></identifiers><balance>1633513</balance><units>NS</units><curCd>USD</curCd><valUSD>43778148</valUSD><pctVal>1.1396</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>Trinity Industries Inc</name><lei>R1JB4KXN77XFCXOQKV49</lei><title>Trinity Industries Inc</title><cusip>896522109</cusip><identifiers><isin value="US8965221091"/><ticker value="TRN"/><other otherDesc="2904627" value="Sedol"/></identifiers><balance>2699775</balance><units>NS</units><curCd>USD</curCd><valUSD>59800016</valUSD><pctVal>1.5566</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>UniFirst Corp/MA</name><lei>5493003XBTNWBC8UK019</lei><title>UniFirst Corp/MA</title><cusip>904708104</cusip><identifiers><isin value="US9047081040"/><ticker value="UNF"/><other otherDesc="2466428" value="Sedol"/></identifiers><balance>531756</balance><units>NS</units><curCd>USD</curCd><valUSD>107404077</valUSD><pctVal>2.7958</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>United Community Banks Inc/GA</name><lei>549300GVW0FV66X3U703</lei><title>United Community Banks Inc/GA</title><cusip>90984P303</cusip><identifiers><isin value="US90984P3038"/><ticker value="UCBI"/><other otherDesc="2862156" value="Sedol"/></identifiers><balance>2140255</balance><units>NS</units><curCd>USD</curCd><valUSD>66091074</valUSD><pctVal>1.7204</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>Veritex Holdings Inc</name><lei>549300F3SMOML02SC814</lei><title>Veritex Holdings Inc</title><cusip>923451108</cusip><identifiers><isin value="US9234511080"/><ticker value="VBTX"/><other otherDesc="BRCYYB7" value="Sedol"/></identifiers><balance>333516</balance><units>NS</units><curCd>USD</curCd><valUSD>9715321</valUSD><pctVal>0.2529</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>Vishay Intertechnology Inc</name><lei>5493009O8F3QQJTCQR75</lei><title>Vishay Intertechnology Inc</title><cusip>928298108</cusip><identifiers><isin value="US9282981086"/><ticker value="VSH"/><other otherDesc="2930149" value="Sedol"/></identifiers><balance>1652768</balance><units>NS</units><curCd>USD</curCd><valUSD>35187431</valUSD><pctVal>0.916</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>WSFS Financial Corp</name><lei>549300SU7VQHD6QRG886</lei><title>WSFS Financial Corp</title><cusip>929328102</cusip><identifiers><isin value="US9293281021"/><ticker value="WSFS"/><other otherDesc="2940375" value="Sedol"/></identifiers><balance>1643121</balance><units>NS</units><curCd>USD</curCd><valUSD>72280893</valUSD><pctVal>1.8815</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>Washington Federal Inc</name><lei>N/A</lei><title>Washington Federal Inc</title><cusip>938824109</cusip><identifiers><isin value="US9388241096"/><ticker value="WAFD"/><other otherDesc="2941981" value="Sedol"/></identifiers><balance>1966147</balance><units>NS</units><curCd>USD</curCd><valUSD>72059288</valUSD><pctVal>1.8758</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>Westlake Chemical Partners LP</name><lei>5493001UJXZP4TJUQM76</lei><title>Westlake Chemical Partners LP</title><cusip>960417103</cusip><identifiers><isin value="US9604171036"/><ticker value="WLKP"/><other otherDesc="BP9F5H2" value="Sedol"/></identifiers><balance>1786699</balance><units>NS</units><curCd>USD</curCd><valUSD>47204588</valUSD><pctVal>1.2288</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>Argo Group International Holdi</name><lei>549300M4T8Y5TTWI6O03</lei><title>Argo Group International Holdings Ltd</title><cusip>G0464B107</cusip><identifiers><isin value="BMG0464B1072"/><ticker value="ARGO"/><other otherDesc="2499543" value="Sedol"/></identifiers><balance>1242480</balance><units>NS</units><curCd>USD</curCd><valUSD>81693060</valUSD><pctVal>2.1265</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></securityLending></invstOrSec><invstOrSec><name>Nomad Foods Ltd</name><lei>5493000ZZ1837DS2SI43</lei><title>Nomad Foods Ltd</title><cusip>G6564A105</cusip><identifiers><isin value="VGG6564A1057"/><ticker value="NOMD"/><other otherDesc="BQFJGK5" value="Sedol"/></identifiers><balance>4090448</balance><units>NS</units><curCd>USD</curCd><valUSD>91503322</valUSD><pctVal>2.3819</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>VG</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>1</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>RenaissanceRe Holdings Ltd</name><lei>EK6GB9U3U58PDI411C94</lei><title>RenaissanceRe Holdings Ltd</title><cusip>G7496G103</cusip><identifiers><isin value="BMG7496G1033"/><ticker value="RNR"/><other otherDesc="2728429" value="Sedol"/></identifiers><balance>339798</balance><units>NS</units><curCd>USD</curCd><valUSD>66607204</valUSD><pctVal>1.7338</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></securityLending></invstOrSec></invstOrSecs><explntrNotes><explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/></explntrNotes><signature><ncom:dateSigned>2020-02-14</ncom:dateSigned><ncom:nameOfApplicant>JESPER NERGAARD</ncom:nameOfApplicant><ncom:signature>JESPER NERGAARD</ncom:signature><ncom:signerName>JESPER NERGAARD</ncom:signerName><ncom:title>VP, CFO, TREASURER, AND PRINCIPAL ACCOUNTING OFFICER</ncom:title></signature></nport:formData></nport:edgarSubmission>
