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value="Sedol"/></identifiers><balance>8848</balance><units>NS</units><curCd>USD</curCd><valUSD>1086269</valUSD><pctVal>2.052</pctVal><payoffProfile>Long</payoffProfile><assetCat>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 US"/><other otherDesc="B4NFPK4" value="Sedol"/></identifiers><balance>21243</balance><units>NS</units><curCd>USD</curCd><valUSD>1081481</valUSD><pctVal>2.043</pctVal><payoffProfile>Long</payoffProfile><assetCat>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 Horizon National Corp</name><lei>TF3RXI1ZB1TQ30H9JV10</lei><title>First Horizon National Corp</title><cusip>320517105</cusip><identifiers><isin value="US3205171057"/><ticker value="FHN US"/><other otherDesc="2341484" value="Sedol"/></identifiers><balance>130231</balance><units>NS</units><curCd>USD</curCd><valUSD>1228078</valUSD><pctVal>2.32</pctVal><payoffProfile>Long</payoffProfile><assetCat>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 US"/><other otherDesc="2362128" value="Sedol"/></identifiers><balance>14612</balance><units>NS</units><curCd>USD</curCd><valUSD>931515</valUSD><pctVal>1.76</pctVal><payoffProfile>Long</payoffProfile><assetCat>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 US"/><other otherDesc="B2Q8249" value="Sedol"/></identifiers><balance>77921</balance><units>NS</units><curCd>USD</curCd><valUSD>1097907</valUSD><pctVal>2.074</pctVal><payoffProfile>Long</payoffProfile><assetCat>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>H&amp;E Equipment Services Inc</name><lei>N/A</lei><title>H&amp;E Equipment Services Inc</title><cusip>404030108</cusip><identifiers><isin value="US4040301081"/><ticker value="HEES US"/><other otherDesc="B0WR848" value="Sedol"/></identifiers><balance>42891</balance><units>NS</units><curCd>USD</curCd><valUSD>843237</valUSD><pctVal>1.593</pctVal><payoffProfile>Long</payoffProfile><assetCat>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 US"/><other otherDesc="2020415" value="Sedol"/></identifiers><balance>15289</balance><units>NS</units><curCd>USD</curCd><valUSD>1424629</valUSD><pctVal>2.691</pctVal><payoffProfile>Long</payoffProfile><assetCat>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>Hartford Financial Services Gr</name><lei>IU7C3FTM7Y3BQM112U94</lei><title>Hartford Financial Services Group Inc</title><cusip>416515104</cusip><identifiers><isin value="US4165151048"/><ticker value="HIG US"/><other otherDesc="2476193" value="Sedol"/></identifiers><balance>33680</balance><units>NS</units><curCd>USD</curCd><valUSD>1241445</valUSD><pctVal>2.345</pctVal><payoffProfile>Long</payoffProfile><assetCat>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>IAA Inc</name><lei>549300PZCOPC5178W747</lei><title>IAA Inc</title><cusip>449253103</cusip><identifiers><isin value="US4492531037"/><ticker value="IAA US"/><other otherDesc="BJF8Q81" value="Sedol"/></identifiers><balance>17837</balance><units>NS</units><curCd>USD</curCd><valUSD>928773</valUSD><pctVal>1.755</pctVal><payoffProfile>Long</payoffProfile><assetCat>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 US"/><other otherDesc="2245597" value="Sedol"/></identifiers><balance>13439</balance><units>NS</units><curCd>USD</curCd><valUSD>850957</valUSD><pctVal>1.608</pctVal><payoffProfile>Long</payoffProfile><assetCat>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>Lamar Advertising Co</name><lei>529900Y8WW4MKVPTB543</lei><title>Lamar Advertising Co</title><cusip>512816109</cusip><identifiers><isin value="US5128161099"/><ticker value="LAMR US"/><other otherDesc="BSPHGN6" value="Sedol"/></identifiers><balance>18191</balance><units>NS</units><curCd>USD</curCd><valUSD>1203698</valUSD><pctVal>2.274</pctVal><payoffProfile>Long</payoffProfile><assetCat>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>Lamb Weston Holdings Inc</name><lei>5493005SMYID1D2OY946</lei><title>Lamb Weston Holdings Inc</title><cusip>513272104</cusip><identifiers><isin value="US5132721045"/><ticker value="LW US"/><other otherDesc="BDQZFJ3" value="Sedol"/></identifiers><balance>13592</balance><units>NS</units><curCd>USD</curCd><valUSD>900742</valUSD><pctVal>1.702</pctVal><payoffProfile>Long</payoffProfile><assetCat>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>Levi Strauss &amp; Co</name><lei>MB0UERO0RDFKU8258G77</lei><title>Levi Strauss &amp; Co</title><cusip>52736R102</cusip><identifiers><isin value="US52736R1023"/><ticker value="LEVI US"/><other otherDesc="BHRWS81" value="Sedol"/></identifiers><balance>65989</balance><units>NS</units><curCd>USD</curCd><valUSD>884253</valUSD><pctVal>1.67</pctVal><payoffProfile>Long</payoffProfile><assetCat>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 US"/><other otherDesc="2516851" value="Sedol"/></identifiers><balance>9516</balance><units>NS</units><curCd>USD</curCd><valUSD>875853</valUSD><pctVal>1.655</pctVal><payoffProfile>Long</payoffProfile><assetCat>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 US"/><other otherDesc="2531832" value="Sedol"/></identifiers><balance>3546</balance><units>NS</units><curCd>USD</curCd><valUSD>628848</valUSD><pctVal>1.188</pctVal><payoffProfile>Long</payoffProfile><assetCat>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>MSC Industrial Direct Co Inc</name><lei>0XVKH0LN6YGOWO2EGO17</lei><title>MSC Industrial Direct Co Inc</title><cusip>553530106</cusip><identifiers><isin value="US5535301064"/><ticker value="MSM US"/><other otherDesc="2567655" value="Sedol"/></identifiers><balance>11114</balance><units>NS</units><curCd>USD</curCd><valUSD>703294</valUSD><pctVal>1.329</pctVal><payoffProfile>Long</payoffProfile><assetCat>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 US"/><other otherDesc="2553911" value="Sedol"/></identifiers><balance>36951</balance><units>NS</units><curCd>USD</curCd><valUSD>720544</valUSD><pctVal>1.361</pctVal><payoffProfile>Long</payoffProfile><assetCat>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>Martin Marietta Materials Inc</name><lei>5299005MZ4WZECVATV08</lei><title>Martin Marietta Materials Inc</title><cusip>573284106</cusip><identifiers><isin value="US5732841060"/><ticker value="MLM US"/><other otherDesc="2572079" value="Sedol"/></identifiers><balance>3469</balance><units>NS</units><curCd>USD</curCd><valUSD>816464</valUSD><pctVal>1.542</pctVal><payoffProfile>Long</payoffProfile><assetCat>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>Maxim Integrated Products Inc</name><lei>SO0H5YEO14Y4PVKQH532</lei><title>Maxim Integrated Products Inc</title><cusip>57772K101</cusip><identifiers><isin value="US57772K1016"/><ticker value="MXIM US"/><other otherDesc="2573760" value="Sedol"/></identifiers><balance>12639</balance><units>NS</units><curCd>USD</curCd><valUSD>854523</valUSD><pctVal>1.614</pctVal><payoffProfile>Long</payoffProfile><assetCat>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 US"/><other otherDesc="B01CGF1" value="Sedol"/></identifiers><balance>2797</balance><units>NS</units><curCd>USD</curCd><valUSD>957469</valUSD><pctVal>1.809</pctVal><payoffProfile>Long</payoffProfile><assetCat>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>Omnicell Inc</name><lei>5493008RH0GTKHHPZI77</lei><title>Omnicell Inc</title><cusip>68213N109</cusip><identifiers><isin value="US68213N1090"/><ticker value="OMCL US"/><other otherDesc="2789523" value="Sedol"/></identifiers><balance>13620</balance><units>NS</units><curCd>USD</curCd><valUSD>1016869</valUSD><pctVal>1.921</pctVal><payoffProfile>Long</payoffProfile><assetCat>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 US"/><other otherDesc="2774336" value="Sedol"/></identifiers><balance>8563</balance><units>NS</units><curCd>USD</curCd><valUSD>1010177</valUSD><pctVal>1.908</pctVal><payoffProfile>Long</payoffProfile><assetCat>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>Southwest Gas Holdings Inc</name><lei>N/A</lei><title>Southwest Gas Holdings Inc</title><cusip>844895102</cusip><identifiers><isin value="US8448951025"/><ticker value="SWX US"/><other otherDesc="2831888" value="Sedol"/></identifiers><balance>20318</balance><units>NS</units><curCd>USD</curCd><valUSD>1282066</valUSD><pctVal>2.422</pctVal><payoffProfile>Long</payoffProfile><assetCat>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 US"/><other otherDesc="B64BRQ5" value="Sedol"/></identifiers><balance>49614</balance><units>NS</units><curCd>USD</curCd><valUSD>1512731</valUSD><pctVal>2.858</pctVal><payoffProfile>Long</payoffProfile><assetCat>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 US"/><other otherDesc="2466428" value="Sedol"/></identifiers><balance>5421</balance><units>NS</units><curCd>USD</curCd><valUSD>1026575</valUSD><pctVal>1.939</pctVal><payoffProfile>Long</payoffProfile><assetCat>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 US"/><other otherDesc="2940375" value="Sedol"/></identifiers><balance>49078</balance><units>NS</units><curCd>USD</curCd><valUSD>1323634</valUSD><pctVal>2.501</pctVal><payoffProfile>Long</payoffProfile><assetCat>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>WNS Holdings Ltd</name><lei>529900RM7QHUD3W9DM42</lei><title>WNS Holdings Ltd</title><cusip>92932M101</cusip><identifiers><isin value="US92932M1018"/><ticker value="WNS US"/><other otherDesc="B194GX4" value="Sedol"/></identifiers><balance>21319</balance><units>NS</units><curCd>USD</curCd><valUSD>1363563</valUSD><pctVal>2.576</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>IN</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 US"/><other otherDesc="2941981" value="Sedol"/></identifiers><balance>68101</balance><units>NS</units><curCd>USD</curCd><valUSD>1420587</valUSD><pctVal>2.684</pctVal><payoffProfile>Long</payoffProfile><assetCat>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>Watts Water Technologies Inc</name><lei>549300REJOO94ERQN318</lei><title>Watts Water Technologies Inc - Class A</title><cusip>942749102</cusip><identifiers><isin value="US9427491025"/><ticker value="WTS US"/><other otherDesc="2943620" value="Sedol"/></identifiers><balance>8544</balance><units>NS</units><curCd>USD</curCd><valUSD>855682</valUSD><pctVal>1.616</pctVal><payoffProfile>Long</payoffProfile><assetCat>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 US"/><other otherDesc="BP9F5H2" value="Sedol"/></identifiers><balance>52958</balance><units>NS</units><curCd>USD</curCd><valUSD>992962</valUSD><pctVal>1.876</pctVal><payoffProfile>Long</payoffProfile><assetCat>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>Axalta Coating Systems Ltd</name><lei>529900AGLPA40GV6H619</lei><title>Axalta Coating Systems Ltd</title><cusip>G0750C108</cusip><identifiers><isin value="BMG0750C1082"/><ticker value="AXTA US"/><other otherDesc="BSFWCF5" value="Sedol"/></identifiers><balance>21108</balance><units>NS</units><curCd>USD</curCd><valUSD>467964</valUSD><pctVal>0.884</pctVal><payoffProfile>Long</payoffProfile><assetCat>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>Fabrinet</name><lei>5493004TETZ6IYF7CV44</lei><title>FABRINET</title><cusip>G3323L100</cusip><identifiers><isin value="KYG3323L1005"/><ticker value="FN US"/><other otherDesc="B4JSZL8" value="Sedol"/></identifiers><balance>10036</balance><units>NS</units><curCd>USD</curCd><valUSD>632569</valUSD><pctVal>1.195</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>TH</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 US"/><other otherDesc="BQFJGK5" value="Sedol"/></identifiers><balance>55635</balance><units>NS</units><curCd>USD</curCd><valUSD>1417580</valUSD><pctVal>2.678</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></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>2020-11-14</ncom:dateSigned><ncom:nameOfApplicant>JANUS INVESTMENT FUND</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:documents>XXXX</nport:documents></nport:edgarSubmission>
