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value="Sedol"/></identifiers><balance>2085544</balance><units>NS</units><curCd>USD</curCd><valUSD>24922251</valUSD><pctVal>0.74</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>ChampionX Corp</name><lei>549300EP2909K6DYYP38</lei><title>ChampionX Corp</title><cusip>15872M104</cusip><identifiers><isin value="US15872M1045"/><ticker value="CHX US"/><other otherDesc="BMW7N69" 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value="Sedol"/></identifiers><balance>14428</balance><units>NS</units><curCd>USD</curCd><valUSD>7168552</valUSD><pctVal>0.213</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>55129412</valUSD><pctVal>1.637</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>1864695</balance><units>NS</units><curCd>USD</curCd><valUSD>77608606</valUSD><pctVal>2.305</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>1578325</balance><units>NS</units><curCd>USD</curCd><valUSD>45045395</valUSD><pctVal>1.338</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>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>655294</balance><units>NS</units><curCd>USD</curCd><valUSD>51486450</valUSD><pctVal>1.529</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>521691</balance><units>NS</units><curCd>USD</curCd><valUSD>45381900</valUSD><pctVal>1.348</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>421821</balance><units>NS</units><curCd>USD</curCd><valUSD>54144944</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>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>129169</balance><units>NS</units><curCd>USD</curCd><valUSD>14548304</valUSD><pctVal>0.432</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>26494745</valUSD><pctVal>0.787</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>410550</balance><units>NS</units><curCd>USD</curCd><valUSD>46831438</valUSD><pctVal>1.391</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>421392</balance><units>NS</units><curCd>USD</curCd><valUSD>19936055</valUSD><pctVal>0.592</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>1612850</balance><units>NS</units><curCd>USD</curCd><valUSD>78561923</valUSD><pctVal>2.333</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>1101189</balance><units>NS</units><curCd>USD</curCd><valUSD>24963955</valUSD><pctVal>0.741</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>863237</balance><units>NS</units><curCd>USD</curCd><valUSD>38344988</valUSD><pctVal>1.139</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>270202</balance><units>NS</units><curCd>USD</curCd><valUSD>17514494</valUSD><pctVal>0.52</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 Interstate BancSystem In</name><lei>549300WRWYTYX0RCNJ43</lei><title>First Interstate BancSystem Inc - Class A</title><cusip>32055Y201</cusip><identifiers><isin value="US32055Y2019"/><ticker value="FIBK US"/><other otherDesc="B4RGHN0" value="Sedol"/></identifiers><balance>1889589</balance><units>NS</units><curCd>USD</curCd><valUSD>69480188</valUSD><pctVal>2.064</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>498174</balance><units>NS</units><curCd>USD</curCd><valUSD>20938253</valUSD><pctVal>0.622</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>1936458</balance><units>NS</units><curCd>USD</curCd><valUSD>32183932</valUSD><pctVal>0.956</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>322578</balance><units>NS</units><curCd>USD</curCd><valUSD>39783545</valUSD><pctVal>1.182</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>773800</balance><units>NS</units><curCd>USD</curCd><valUSD>57090964</valUSD><pctVal>1.696</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>737219</balance><units>NS</units><curCd>USD</curCd><valUSD>32083771</valUSD><pctVal>0.953</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 US"/><other otherDesc="2415497" value="Sedol"/></identifiers><balance>439387</balance><units>NS</units><curCd>USD</curCd><valUSD>22914032</valUSD><pctVal>0.681</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>49504726</valUSD><pctVal>1.47</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>Heartland Financial USA Inc</name><lei>549300QF7B0DFZT32C73</lei><title>Heartland Financial USA Inc</title><cusip>42234Q102</cusip><identifiers><isin value="US42234Q1022"/><ticker value="HTLF US"/><other otherDesc="2828147" value="Sedol"/></identifiers><balance>448200</balance><units>NS</units><curCd>USD</curCd><valUSD>21437406</valUSD><pctVal>0.637</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>1127271</balance><units>NS</units><curCd>USD</curCd><valUSD>49791560</valUSD><pctVal>1.479</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>36677458</valUSD><pctVal>1.089</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>523231</balance><units>NS</units><curCd>USD</curCd><valUSD>56153151</valUSD><pctVal>1.668</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>687199</balance><units>NS</units><curCd>USD</curCd><valUSD>63600267</valUSD><pctVal>1.889</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>472109</balance><units>NS</units><curCd>USD</curCd><valUSD>30658758</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>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>17271638</valUSD><pctVal>0.513</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>56484047</valUSD><pctVal>1.678</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>26291460</valUSD><pctVal>0.781</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>155852</balance><units>NS</units><curCd>USD</curCd><valUSD>27953615</valUSD><pctVal>0.83</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>84416736</valUSD><pctVal>2.507</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>365662</balance><units>NS</units><curCd>USD</curCd><valUSD>31516408</valUSD><pctVal>0.936</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>27663690</valUSD><pctVal>0.822</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>245403</balance><units>NS</units><curCd>USD</curCd><valUSD>21826143</valUSD><pctVal>0.648</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>280546</balance><units>NS</units><curCd>USD</curCd><valUSD>32372203</valUSD><pctVal>0.961</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>1115726</balance><units>NS</units><curCd>USD</curCd><valUSD>29321279</valUSD><pctVal>0.871</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>1558463</balance><units>NS</units><curCd>USD</curCd><valUSD>28021165</valUSD><pctVal>0.832</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>1832997</balance><units>NS</units><curCd>USD</curCd><valUSD>63036767</valUSD><pctVal>1.872</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>1588065</balance><units>NS</units><curCd>USD</curCd><valUSD>39002876</valUSD><pctVal>1.158</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>1223896</balance><units>NS</units><curCd>USD</curCd><valUSD>64536036</valUSD><pctVal>1.917</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>648831</balance><units>NS</units><curCd>USD</curCd><valUSD>29145488</valUSD><pctVal>0.866</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>238790</balance><units>NS</units><curCd>USD</curCd><valUSD>22226573</valUSD><pctVal>0.66</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>1106033</balance><units>NS</units><curCd>USD</curCd><valUSD>60699091</valUSD><pctVal>1.803</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>1684646</balance><units>NS</units><curCd>USD</curCd><valUSD>69660112</valUSD><pctVal>2.069</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>6633851</balance><units>NS</units><curCd>USD</curCd><valUSD>78146765</valUSD><pctVal>2.321</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>744146</balance><units>NS</units><curCd>USD</curCd><valUSD>12055165</valUSD><pctVal>0.358</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>2351543</balance><units>NS</units><curCd>USD</curCd><valUSD>14250351</valUSD><pctVal>0.423</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>1447321</balance><units>NS</units><curCd>USD</curCd><valUSD>35589623</valUSD><pctVal>1.057</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" value="Sedol"/></identifiers><balance>849027</balance><units>NS</units><curCd>USD</curCd><valUSD>35990255</valUSD><pctVal>1.069</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" 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value="Sedol"/></identifiers><balance>464164</balance><units>NS</units><curCd>USD</curCd><valUSD>19160690</valUSD><pctVal>0.569</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" 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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>2022-05-15</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><documents>XXXX</documents></edgarSubmission>
