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value="Sedol"/></identifiers><balance>1537817</balance><units>NS</units><curCd>USD</curCd><valUSD>45811568</valUSD><pctVal>1.202</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 US"/><other otherDesc="2179414" value="Sedol"/></identifiers><balance>269982</balance><units>NS</units><curCd>USD</curCd><valUSD>53280948</valUSD><pctVal>1.398</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>Century Casinos Inc</name><lei>549300H2L4Y24HXY7M50</lei><title>Century Casinos Inc</title><cusip>156492100</cusip><identifiers><isin value="US1564921005"/><ticker value="CNTY US"/><other otherDesc="2022239" value="Sedol"/></identifiers><balance>2085544</balance><units>NS</units><curCd>USD</curCd><valUSD>25401926</valUSD><pctVal>0.666</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>Columbia Sportswear Co</name><lei>549300OTMCIEUXAH5Z60</lei><title>Columbia Sportswear Co</title><cusip>198516106</cusip><identifiers><isin value="US1985161066"/><ticker value="COLM US"/><other otherDesc="2229126" value="Sedol"/></identifiers><balance>362625</balance><units>NS</units><curCd>USD</curCd><valUSD>35334180</valUSD><pctVal>0.927</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>Comfort Systems USA Inc</name><lei>5299009DT1ZA5HTU6R38</lei><title>Comfort Systems USA Inc</title><cusip>199908104</cusip><identifiers><isin value="US1999081045"/><ticker value="FIX US"/><other otherDesc="2036047" value="Sedol"/></identifiers><balance>619362</balance><units>NS</units><curCd>USD</curCd><valUSD>61279676</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>Commercial Metals Co</name><lei>549300OQS2LO07ZJ7N73</lei><title>Commercial Metals Co</title><cusip>201723103</cusip><identifiers><isin value="US2017231034"/><ticker value="CMC US"/><other otherDesc="2213260" value="Sedol"/></identifiers><balance>2074861</balance><units>NS</units><curCd>USD</curCd><valUSD>75296706</valUSD><pctVal>1.975</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>Corporate Office Properties Tr</name><lei>YY1J47X6LF9TYY8JY420</lei><title>Corporate Office Properties Trust</title><cusip>22002T108</cusip><identifiers><isin value="US22002T1088"/><ticker value="OFC US"/><other otherDesc="2756152" value="Sedol"/></identifiers><balance>2046771</balance><units>NS</units><curCd>USD</curCd><valUSD>57248185</valUSD><pctVal>1.502</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>Delek US Holdings Inc</name><lei>5493003O53JMENV1N385</lei><title>Delek US Holdings Inc</title><cusip>24665A103</cusip><identifiers><isin value="US24665A1034"/><ticker value="DK US"/><other otherDesc="BF5P189" value="Sedol"/></identifiers><balance>644216</balance><units>NS</units><curCd>USD</curCd><valUSD>9656798</valUSD><pctVal>0.253</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>Denbury Inc</name><lei>549300KCWA5W52MS5559</lei><title>Denbury Inc</title><cusip>24790A101</cusip><identifiers><isin value="US24790A1016"/><ticker value="DEN US"/><other otherDesc="BMZQZL2" value="Sedol"/></identifiers><balance>458132</balance><units>NS</units><curCd>USD</curCd><valUSD>35088330</valUSD><pctVal>0.92</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>Diodes Inc</name><lei>549300XP2X1ARVH3BX23</lei><title>Diodes Inc</title><cusip>254543101</cusip><identifiers><isin value="US2545431015"/><ticker value="DIOD US"/><other otherDesc="2270500" value="Sedol"/></identifiers><balance>480821</balance><units>NS</units><curCd>USD</curCd><valUSD>52798954</valUSD><pctVal>1.385</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>Eagle Materials Inc</name><lei>529900KRXRGXL61SG039</lei><title>Eagle Materials Inc</title><cusip>26969P108</cusip><identifiers><isin value="US26969P1084"/><ticker value="EXP US"/><other otherDesc="2191399" value="Sedol"/></identifiers><balance>523213</balance><units>NS</units><curCd>USD</curCd><valUSD>87094036</valUSD><pctVal>2.285</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>EMCOR Group Inc</name><lei>529900X0SQJB2J7YDU43</lei><title>EMCOR Group Inc</title><cusip>29084Q100</cusip><identifiers><isin value="US29084Q1004"/><ticker value="EME US"/><other otherDesc="2474164" value="Sedol"/></identifiers><balance>278948</balance><units>NS</units><curCd>USD</curCd><valUSD>35535186</valUSD><pctVal>0.932</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>Emergent BioSolutions Inc</name><lei>549300YW6TUOX8BE5103</lei><title>Emergent BioSolutions Inc</title><cusip>29089Q105</cusip><identifiers><isin value="US29089Q1058"/><ticker value="EBS US"/><other otherDesc="B1HJLW5" value="Sedol"/></identifiers><balance>645269</balance><units>NS</units><curCd>USD</curCd><valUSD>28049843</valUSD><pctVal>0.736</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 US"/><other otherDesc="2273446" value="Sedol"/></identifiers><balance>405674</balance><units>NS</units><curCd>USD</curCd><valUSD>58051949</valUSD><pctVal>1.523</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 US"/><other otherDesc="2768889" value="Sedol"/></identifiers><balance>456327</balance><units>NS</units><curCd>USD</curCd><valUSD>21488438</valUSD><pctVal>0.564</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>Envista Holdings Corp</name><lei>549300BX623VURJZ5269</lei><title>Envista Holdings Corp</title><cusip>29415F104</cusip><identifiers><isin value="US29415F1049"/><ticker value="NVST US"/><other otherDesc="BK63SF3" value="Sedol"/></identifiers><balance>1977453</balance><units>NS</units><curCd>USD</curCd><valUSD>89104032</valUSD><pctVal>2.338</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>Exelixis Inc</name><lei>254900PJQB59O2O95R37</lei><title>Exelixis Inc</title><cusip>30161Q104</cusip><identifiers><isin value="US30161Q1040"/><ticker value="EXEL US"/><other otherDesc="2576941" value="Sedol"/></identifiers><balance>1442825</balance><units>NS</units><curCd>USD</curCd><valUSD>26374841</valUSD><pctVal>0.692</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 US"/><other otherDesc="BYY5Z69" value="Sedol"/></identifiers><balance>902192</balance><units>NS</units><curCd>USD</curCd><valUSD>39534054</valUSD><pctVal>1.037</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>295515</balance><units>NS</units><curCd>USD</curCd><valUSD>23118139</valUSD><pctVal>0.606</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 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>3442774</balance><units>NS</units><curCd>USD</curCd><valUSD>56220499</valUSD><pctVal>1.475</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>FormFactor Inc</name><lei>549300YCEEO6SZD1ZR61</lei><title>FormFactor Inc</title><cusip>346375108</cusip><identifiers><isin value="US3463751087"/><ticker value="FORM US"/><other otherDesc="2891826" value="Sedol"/></identifiers><balance>492704</balance><units>NS</units><curCd>USD</curCd><valUSD>22526427</valUSD><pctVal>0.591</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 US"/><other otherDesc="2356585" value="Sedol"/></identifiers><balance>2133117</balance><units>NS</units><curCd>USD</curCd><valUSD>36262989</valUSD><pctVal>0.951</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>336334</balance><units>NS</units><curCd>USD</curCd><valUSD>35042640</valUSD><pctVal>0.919</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>Globus Medical Inc</name><lei>5299003M2P4CIK0RF205</lei><title>Globus Medical Inc</title><cusip>379577208</cusip><identifiers><isin value="US3795772082"/><ticker value="GMED US"/><other otherDesc="B7D65M0" value="Sedol"/></identifiers><balance>695567</balance><units>NS</units><curCd>USD</curCd><valUSD>50219937</valUSD><pctVal>1.317</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>GrafTech International Ltd</name><lei>549300GY32W00XP57351</lei><title>GrafTech International Ltd</title><cusip>384313508</cusip><identifiers><isin value="US3843135084"/><ticker value="EAF US"/><other otherDesc="BFZP4T1" value="Sedol"/></identifiers><balance>4244680</balance><units>NS</units><curCd>USD</curCd><valUSD>50214564</valUSD><pctVal>1.317</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>Great Western Bancorp Inc</name><lei>5493004X4OTHDTFBHI90</lei><title>Great Western Bancorp Inc</title><cusip>391416104</cusip><identifiers><isin value="US3914161043"/><ticker value="GWB US"/><other otherDesc="BRHZ1X6" value="Sedol"/></identifiers><balance>2025591</balance><units>NS</units><curCd>USD</curCd><valUSD>68789070</valUSD><pctVal>1.805</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>254900KVLRCDMQRYY541</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>1272195</balance><units>NS</units><curCd>USD</curCd><valUSD>56320073</valUSD><pctVal>1.477</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>Haemonetics Corp</name><lei>549300ZEL6TXZS6F5F95</lei><title>Haemonetics Corp</title><cusip>405024100</cusip><identifiers><isin value="US4050241003"/><ticker value="HAE US"/><other otherDesc="2401195" value="Sedol"/></identifiers><balance>418458</balance><units>NS</units><curCd>USD</curCd><valUSD>22195012</valUSD><pctVal>0.582</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>331091</balance><units>NS</units><curCd>USD</curCd><valUSD>43392787</valUSD><pctVal>1.138</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>Hillenbrand Inc</name><lei>U246OE781574J2BUD366</lei><title>Hillenbrand Inc</title><cusip>431571108</cusip><identifiers><isin value="US4315711089"/><ticker value="HI US"/><other otherDesc="B2QGDP1" value="Sedol"/></identifiers><balance>751217</balance><units>NS</units><curCd>USD</curCd><valUSD>39055772</valUSD><pctVal>1.025</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>Horizon Bancorp Inc/IN</name><lei>549300U2OQ2EIT5MXG39</lei><title>Horizon Bancorp Inc/IN</title><cusip>440407104</cusip><identifiers><isin value="US4404071049"/><ticker value="HBNC US"/><other otherDesc="2949316" value="Sedol"/></identifiers><balance>1964513</balance><units>NS</units><curCd>USD</curCd><valUSD>40960096</valUSD><pctVal>1.075</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>Ingevity Corp</name><lei>5493009UTFC4B5IMGF87</lei><title>Ingevity Corp</title><cusip>45688C107</cusip><identifiers><isin value="US45688C1071"/><ticker value="NGVT US"/><other otherDesc="BD4LHG4" value="Sedol"/></identifiers><balance>548419</balance><units>NS</units><curCd>USD</curCd><valUSD>39321642</valUSD><pctVal>1.032</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>Insight Enterprises Inc</name><lei>529900S8991TYW6YP792</lei><title>Insight Enterprises Inc</title><cusip>45765U103</cusip><identifiers><isin value="US45765U1034"/><ticker value="NSIT US"/><other otherDesc="2475060" value="Sedol"/></identifiers><balance>520094</balance><units>NS</units><curCd>USD</curCd><valUSD>55442020</valUSD><pctVal>1.454</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>792203</balance><units>NS</units><curCd>USD</curCd><valUSD>71567619</valUSD><pctVal>1.877</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>KAR Auction Services Inc</name><lei>5493004HKD20LBSG7D03</lei><title>KAR Auction Services Inc</title><cusip>48238T109</cusip><identifiers><isin value="US48238T1097"/><ticker value="KAR US"/><other otherDesc="B4Y1MH7" value="Sedol"/></identifiers><balance>2778278</balance><units>NS</units><curCd>USD</curCd><valUSD>43396702</valUSD><pctVal>1.138</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 US"/><other otherDesc="2386849" value="Sedol"/></identifiers><balance>668716</balance><units>NS</units><curCd>USD</curCd><valUSD>50641863</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>La-Z-Boy Inc</name><lei>549300WNO1WMN9ZG2519</lei><title>La-Z-Boy Inc</title><cusip>505336107</cusip><identifiers><isin value="US5053361078"/><ticker value="LZB US"/><other otherDesc="2508405" value="Sedol"/></identifiers><balance>654973</balance><units>NS</units><curCd>USD</curCd><valUSD>23782070</valUSD><pctVal>0.624</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>409869</balance><units>NS</units><curCd>USD</curCd><valUSD>57164430</valUSD><pctVal>1.5</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>308549</balance><units>NS</units><curCd>USD</curCd><valUSD>25936629</valUSD><pctVal>0.68</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>612515</balance><units>NS</units><curCd>USD</curCd><valUSD>28463572</valUSD><pctVal>0.747</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>Madison Square Garden Sports C</name><lei>529900BQELIZ5ZQYB788</lei><title>Madison Square Garden Co</title><cusip>55825T103</cusip><identifiers><isin value="US55825T1034"/><ticker value="MSGS US"/><other otherDesc="BYQCZ35" value="Sedol"/></identifiers><balance>199823</balance><units>NS</units><curCd>USD</curCd><valUSD>34715250</valUSD><pctVal>0.911</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>Magnolia Oil &amp; Gas Corp</name><lei>N/A</lei><title>Magnolia Oil &amp; Gas Corp</title><cusip>559663109</cusip><identifiers><isin value="US5596631094"/><ticker value="MGY US"/><other otherDesc="BF2GC59" value="Sedol"/></identifiers><balance>3569418</balance><units>NS</units><curCd>USD</curCd><valUSD>67354918</valUSD><pctVal>1.767</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>ManTech International Corp/VA</name><lei>5299007N03CAU4SWNR02</lei><title>Mantech International Corp</title><cusip>564563104</cusip><identifiers><isin value="US5645631046"/><ticker value="MANT US"/><other otherDesc="2825308" value="Sedol"/></identifiers><balance>444296</balance><units>NS</units><curCd>USD</curCd><valUSD>32402507</valUSD><pctVal>0.85</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 US"/><other otherDesc="BFWGXV2" value="Sedol"/></identifiers><balance>525127</balance><units>NS</units><curCd>USD</curCd><valUSD>27023035</valUSD><pctVal>0.709</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>Masonite International Corp</name><lei>549300H0H07ZFT4JYM32</lei><title>Masonite International Corp</title><cusip>575385109</cusip><identifiers><isin value="CA5753851099"/><ticker value="DOOR US"/><other otherDesc="BCZM468" value="Sedol"/></identifiers><balance>137015</balance><units>NS</units><curCd>USD</curCd><valUSD>16160919</valUSD><pctVal>0.424</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>ModivCare Inc</name><lei>549300EFZIFW7F7I0Q28</lei><title>ModivCare Inc</title><cusip>60783X104</cusip><identifiers><isin value="US60783X1046"/><ticker value="MODV US"/><other otherDesc="BNDL420" value="Sedol"/></identifiers><balance>250746</balance><units>NS</units><curCd>USD</curCd><valUSD>37183124</valUSD><pctVal>0.975</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>Natus Medical Inc</name><lei>549300ZW3JLSJGT2D838</lei><title>Natus Medical Inc</title><cusip>639050103</cusip><identifiers><isin value="US6390501038"/><ticker value="NTUS US"/><other otherDesc="2771133" value="Sedol"/></identifiers><balance>1029275</balance><units>NS</units><curCd>USD</curCd><valUSD>24424696</valUSD><pctVal>0.641</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 US"/><other otherDesc="B17V2N9" value="Sedol"/></identifiers><balance>1564186</balance><units>NS</units><curCd>USD</curCd><valUSD>35178543</valUSD><pctVal>0.923</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>Phillips Edison &amp; Co Inc</name><lei>549300UC1QJSQ49IC243</lei><title>Phillips Edison &amp; Co Inc</title><cusip>71844V201</cusip><identifiers><isin value="US71844V2016"/><ticker value="PECO US"/><other otherDesc="BN48ZR2" value="Sedol"/></identifiers><balance>1496205</balance><units>NS</units><curCd>USD</curCd><valUSD>49434613</valUSD><pctVal>1.297</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>Portillo's Inc</name><lei>N/A</lei><title>Portillo's Inc - Class A</title><cusip>73642K106</cusip><identifiers><isin value="US73642K1060"/><ticker value="PTLO US"/><other otherDesc="BNV0RN1" value="Sedol"/></identifiers><balance>857696</balance><units>NS</units><curCd>USD</curCd><valUSD>32197908</valUSD><pctVal>0.845</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>PotlatchDeltic Corp</name><lei>54930084YA8UJOTXDM59</lei><title>PotlatchDeltic Corp</title><cusip>737630103</cusip><identifiers><isin value="US7376301039"/><ticker value="PCH US"/><other otherDesc="B0XXJN1" value="Sedol"/></identifiers><balance>1136341</balance><units>NS</units><curCd>USD</curCd><valUSD>68430455</valUSD><pctVal>1.795</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>Rogers Corp</name><lei>PW0CN80KNFR7RUOOKJ84</lei><title>Rogers Corp</title><cusip>775133101</cusip><identifiers><isin value="US7751331015"/><ticker value="ROG US"/><other otherDesc="2746700" value="Sedol"/></identifiers><balance>144251</balance><units>NS</units><curCd>USD</curCd><valUSD>39380523</valUSD><pctVal>1.033</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>Sandy Spring Bancorp Inc</name><lei>N/A</lei><title>Sandy Spring Bancorp Inc</title><cusip>800363103</cusip><identifiers><isin value="US8003631038"/><ticker value="SASR US"/><other otherDesc="2148254" value="Sedol"/></identifiers><balance>724166</balance><units>NS</units><curCd>USD</curCd><valUSD>34817901</valUSD><pctVal>0.913</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>Shutterstock Inc</name><lei>529900G2TDIS56V0LO22</lei><title>Shutterstock Inc</title><cusip>825690100</cusip><identifiers><isin value="US8256901005"/><ticker value="SSTK US"/><other otherDesc="B7ZR219" value="Sedol"/></identifiers><balance>256531</balance><units>NS</units><curCd>USD</curCd><valUSD>28444157</valUSD><pctVal>0.746</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>Skyline Champion Corp</name><lei>N/A</lei><title>Skyline Champion Corp</title><cusip>830830105</cusip><identifiers><isin value="US8308301055"/><ticker value="SKY US"/><other otherDesc="2814005" value="Sedol"/></identifiers><balance>1129937</balance><units>NS</units><curCd>USD</curCd><valUSD>89242424</valUSD><pctVal>2.341</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>2094969</balance><units>NS</units><curCd>USD</curCd><valUSD>100474713</valUSD><pctVal>2.636</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>Stoneridge Inc</name><lei>PNBCIH9LE7WI83VJIF08</lei><title>STONERIDGE INC</title><cusip>86183P102</cusip><identifiers><isin value="US86183P1021"/><ticker value="SRI US"/><other otherDesc="2111977" value="Sedol"/></identifiers><balance>146128</balance><units>NS</units><curCd>USD</curCd><valUSD>2884567</valUSD><pctVal>0.076</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>529900ZQ2V52V96ATF67</lei><title>Sunstone Hotel Investors Inc</title><cusip>867892101</cusip><identifiers><isin value="US8678921011"/><ticker value="SHO US"/><other otherDesc="B034LG1" value="Sedol"/></identifiers><balance>6630224</balance><units>NS</units><curCd>USD</curCd><valUSD>77772528</valUSD><pctVal>2.04</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 US"/><other otherDesc="B3N6F00" value="Sedol"/></identifiers><balance>764910</balance><units>NS</units><curCd>USD</curCd><valUSD>12949926</valUSD><pctVal>0.34</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>Torrid Holdings Inc</name><lei>N/A</lei><title>Torrid Holdings Inc</title><cusip>89142B107</cusip><identifiers><isin value="US89142B1070"/><ticker value="CURV US"/><other otherDesc="BMBR9W8" value="Sedol"/></identifiers><balance>1961212</balance><units>NS</units><curCd>USD</curCd><valUSD>19376775</valUSD><pctVal>0.508</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>UMH Properties Inc</name><lei>529900OM5K3PJ11F0Q09</lei><title>UMH Properties Inc</title><cusip>903002103</cusip><identifiers><isin value="US9030021037"/><ticker value="UMH US"/><other otherDesc="2908191" value="Sedol"/></identifiers><balance>669520</balance><units>NS</units><curCd>USD</curCd><valUSD>18297982</valUSD><pctVal>0.48</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>Ultra Clean Holdings Inc</name><lei>5493007L6LS7QX18PE75</lei><title>Ultra Clean Holdings Inc</title><cusip>90385V107</cusip><identifiers><isin value="US90385V1070"/><ticker value="UCTT US"/><other otherDesc="B00G0F2" 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value="Sedol"/></identifiers><balance>1834746</balance><units>NS</units><curCd>USD</curCd><valUSD>66564585</valUSD><pctVal>1.746</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>Varex Imaging Corp</name><lei>549300CWYWPVCT8E9W67</lei><title>Varex Imaging Corp</title><cusip>92214X106</cusip><identifiers><isin value="US92214X1063"/><ticker value="VREX US"/><other otherDesc="BDQYWV1" value="Sedol"/></identifiers><balance>1879027</balance><units>NS</units><curCd>USD</curCd><valUSD>59283302</valUSD><pctVal>1.555</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>1300756</balance><units>NS</units><curCd>USD</curCd><valUSD>65193891</valUSD><pctVal>1.71</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>195900</balance><units>NS</units><curCd>USD</curCd><valUSD>38037903</valUSD><pctVal>0.998</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>World Fuel Services Corp</name><lei>D3W7PCXCBRQLL17DZ313</lei><title>World Fuel Services Corp</title><cusip>981475106</cusip><identifiers><isin value="US9814751064"/><ticker value="INT US"/><other otherDesc="2469450" 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value="Sedol"/></identifiers><balance>692280</balance><units>NS</units><curCd>USD</curCd><valUSD>33146366</valUSD><pctVal>0.87</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 US"/><other otherDesc="2499543" value="Sedol"/></identifiers><balance>464164</balance><units>NS</units><curCd>USD</curCd><valUSD>26972570</valUSD><pctVal>0.708</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>615670</balance><units>NS</units><curCd>USD</curCd><valUSD>72938425</valUSD><pctVal>1.913</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>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>2551211</balance><units>NS</units><curCd>USD</curCd><valUSD>64775247</valUSD><pctVal>1.699</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 (ADR)</title><cusip>92932M101</cusip><identifiers><isin value="US92932M1018"/><ticker value="WNS US"/><other otherDesc="B194GX4" value="Sedol"/></identifiers><balance>700587</balance><units>NS</units><curCd>USD</curCd><valUSD>61805785</valUSD><pctVal>1.621</pctVal><payoffProfile>Long</payoffProfile><assetConditional assetCat="OTHER" desc="GDR"/><issuerCat>CORP</issuerCat><invCountry>US</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>1</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec></invstOrSecs><explntrNotes><explntrNote note="Monthly 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>2022-02-14</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></formData></edgarSubmission>
