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value="Sedol"/></identifiers><balance>19574</balance><units>NS</units><curCd>USD</curCd><valUSD>2512519</valUSD><pctVal>1.871</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>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>16786</balance><units>NS</units><curCd>USD</curCd><valUSD>1890607</valUSD><pctVal>1.408</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</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>15150</balance><units>NS</units><curCd>USD</curCd><valUSD>1728161</valUSD><pctVal>1.287</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</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>66751</balance><units>NS</units><curCd>USD</curCd><valUSD>3251441</valUSD><pctVal>2.421</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>US</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>1</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>Equity LifeStyle Properties In</name><lei>529900PEQG66LENB6798</lei><title>Equity LifeStyle Properties Inc</title><cusip>29472R108</cusip><identifiers><isin value="US29472R1086"/><ticker value="ELS US"/><other otherDesc="2563125" value="Sedol"/></identifiers><balance>34234</balance><units>NS</units><curCd>USD</curCd><valUSD>2618216</valUSD><pctVal>1.949</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</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>98418</balance><units>NS</units><curCd>USD</curCd><valUSD>2231136</valUSD><pctVal>1.661</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</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>FMC Corp</name><lei>CKDHZ2X64EEBQCSP7013</lei><title>FMC Corp</title><cusip>302491303</cusip><identifiers><isin value="US3024913036"/><ticker value="FMC US"/><other otherDesc="2328603" value="Sedol"/></identifiers><balance>17174</balance><units>NS</units><curCd>USD</curCd><valUSD>2259583</valUSD><pctVal>1.682</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</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>F5 Inc</name><lei>54930015FPK9KT966303</lei><title>F5 Networks Inc</title><cusip>315616102</cusip><identifiers><isin value="US3156161024"/><ticker value="FFIV US"/><other otherDesc="2427599" value="Sedol"/></identifiers><balance>13546</balance><units>NS</units><curCd>USD</curCd><valUSD>2830437</valUSD><pctVal>2.107</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</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>119051</balance><units>NS</units><curCd>USD</curCd><valUSD>2796508</valUSD><pctVal>2.082</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</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>110926</balance><units>NS</units><curCd>USD</curCd><valUSD>4078749</valUSD><pctVal>3.037</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>Fortune Brands Home &amp; Security</name><lei>54930032LHW54PQUJD44</lei><title>Fortune Brands Home &amp; Security Inc</title><cusip>34964C106</cusip><identifiers><isin value="US34964C1062"/><ticker value="FBHS US"/><other otherDesc="B3MC7D6" value="Sedol"/></identifiers><balance>25755</balance><units>NS</units><curCd>USD</curCd><valUSD>1913081</valUSD><pctVal>1.424</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>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>48697</balance><units>NS</units><curCd>USD</curCd><valUSD>3592865</valUSD><pctVal>2.675</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</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>140381</balance><units>NS</units><curCd>USD</curCd><valUSD>2813235</valUSD><pctVal>2.095</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</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>Hanesbrands Inc</name><lei>GX5LWVWZLL5S4W1L2F20</lei><title>Hanesbrands Inc</title><cusip>410345102</cusip><identifiers><isin value="US4103451021"/><ticker value="HBI US"/><other otherDesc="B1BJSL9" value="Sedol"/></identifiers><balance>179196</balance><units>NS</units><curCd>USD</curCd><valUSD>2668228</valUSD><pctVal>1.987</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</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>43009</balance><units>NS</units><curCd>USD</curCd><valUSD>3088476</valUSD><pctVal>2.3</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</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>54381</balance><units>NS</units><curCd>USD</curCd><valUSD>2402009</valUSD><pctVal>1.788</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</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>72515</balance><units>NS</units><curCd>USD</curCd><valUSD>2773699</valUSD><pctVal>2.065</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</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>24980</balance><units>NS</units><curCd>USD</curCd><valUSD>2680854</valUSD><pctVal>1.996</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</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>31252</balance><units>NS</units><curCd>USD</curCd><valUSD>2892373</valUSD><pctVal>2.154</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</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>14997</balance><units>NS</units><curCd>USD</curCd><valUSD>1742351</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>Lear Corp</name><lei>549300UPNBTXA1SYTQ33</lei><title>Lear Corp</title><cusip>521865204</cusip><identifiers><isin value="US5218652049"/><ticker value="LEA US"/><other otherDesc="B570P91" value="Sedol"/></identifiers><balance>16955</balance><units>NS</units><curCd>USD</curCd><valUSD>2417613</valUSD><pctVal>1.8</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</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>14131</balance><units>NS</units><curCd>USD</curCd><valUSD>1947393</valUSD><pctVal>1.45</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>US</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>1</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>MKS Instruments Inc</name><lei>549300KEQATBHAGVF505</lei><title>MKS Instruments Inc</title><cusip>55306N104</cusip><identifiers><isin value="US55306N1046"/><ticker value="MKSI US"/><other otherDesc="2404871" value="Sedol"/></identifiers><balance>21378</balance><units>NS</units><curCd>USD</curCd><valUSD>3206700</valUSD><pctVal>2.388</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</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>27099</balance><units>NS</units><curCd>USD</curCd><valUSD>2309106</valUSD><pctVal>1.719</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</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>146570</balance><units>NS</units><curCd>USD</curCd><valUSD>3466381</valUSD><pctVal>2.581</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</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>22564</balance><units>NS</units><curCd>USD</curCd><valUSD>2006842</valUSD><pctVal>1.494</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</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>Oshkosh Corp</name><lei>549300FEKNPCFSA2B506</lei><title>Oshkosh Corp</title><cusip>688239201</cusip><identifiers><isin value="US6882392011"/><ticker value="OSK US"/><other otherDesc="2663520" value="Sedol"/></identifiers><balance>23939</balance><units>NS</units><curCd>USD</curCd><valUSD>2409460</valUSD><pctVal>1.794</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</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" 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value="Sedol"/></identifiers><balance>37757</balance><units>NS</units><curCd>USD</curCd><valUSD>179723</valUSD><pctVal>0.134</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</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>Reinsurance Group of America I</name><lei>LORM1GNEU1DKEW527V90</lei><title>Reinsurance Group of America Inc</title><cusip>759351604</cusip><identifiers><isin value="US7593516047"/><ticker value="RGA US"/><other otherDesc="2731193" value="Sedol"/></identifiers><balance>18254</balance><units>NS</units><curCd>USD</curCd><valUSD>1998083</valUSD><pctVal>1.488</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</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>Henry Schein Inc</name><lei>VGO3WGL8H45T73F4RR92</lei><title>Henry Schein Inc</title><cusip>806407102</cusip><identifiers><isin value="US8064071025"/><ticker value="HSIC US"/><other otherDesc="2416962" value="Sedol"/></identifiers><balance>32081</balance><units>NS</units><curCd>USD</curCd><valUSD>2797142</valUSD><pctVal>2.083</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</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 Airlines Co</name><lei>UDTZ87G0STFETI6HGH41</lei><title>Southwest Airlines Co</title><cusip>844741108</cusip><identifiers><isin value="US8447411088"/><ticker value="LUV US"/><other otherDesc="2831543" value="Sedol"/></identifiers><balance>40634</balance><units>NS</units><curCd>USD</curCd><valUSD>1861037</valUSD><pctVal>1.386</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</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>Synovus Financial Corp</name><lei>549300EIUS8UN5JTLE54</lei><title>Synovus Financial Corp</title><cusip>87161C501</cusip><identifiers><isin value="US87161C5013"/><ticker value="SNV US"/><other otherDesc="BMH4NJ8" value="Sedol"/></identifiers><balance>32324</balance><units>NS</units><curCd>USD</curCd><valUSD>1583876</valUSD><pctVal>1.179</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</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>Take-Two Interactive Software</name><lei>BOMSTHHJK882EWYX3334</lei><title>Take-Two Interactive Software Inc</title><cusip>874054109</cusip><identifiers><isin value="US8740541094"/><ticker value="TTWO US"/><other otherDesc="2122117" value="Sedol"/></identifiers><balance>15865</balance><units>NS</units><curCd>USD</curCd><valUSD>2439085</valUSD><pctVal>1.816</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</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>Teradyne Inc</name><lei>C3X4YJ278QNZHRJULN75</lei><title>Teradyne Inc</title><cusip>880770102</cusip><identifiers><isin value="US8807701029"/><ticker value="TER US"/><other otherDesc="2884183" value="Sedol"/></identifiers><balance>24346</balance><units>NS</units><curCd>USD</curCd><valUSD>2878428</valUSD><pctVal>2.143</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</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>66231</balance><units>NS</units><curCd>USD</curCd><valUSD>1072942</valUSD><pctVal>0.799</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</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>Vontier Corp</name><lei>549300VVSQLG4P5K4639</lei><title>Vontier Corp</title><cusip>928881101</cusip><identifiers><isin value="US9288811014"/><ticker value="VNT US"/><other otherDesc="BH4GV32" value="Sedol"/></identifiers><balance>90344</balance><units>NS</units><curCd>USD</curCd><valUSD>2293834</valUSD><pctVal>1.708</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>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>54524</balance><units>NS</units><curCd>USD</curCd><valUSD>2541909</valUSD><pctVal>1.893</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</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>197146</balance><units>NS</units><curCd>USD</curCd><valUSD>4451557</valUSD><pctVal>3.314</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>US</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>1</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec></invstOrSecs><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>
