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        <name>COPT Defense Properties</name>
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      <invstOrSec>
        <name>Crocs, Inc.</name>
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      <invstOrSec>
        <name>Wintrust Financial Corp.</name>
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      <invstOrSec>
        <name>RLI Corp.</name>
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        <name>Carter's, Inc.</name>
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        <name>Dolby Laboratories, Inc.</name>
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        <name>FirstCash Holdings, Inc.</name>
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        <name>Hancock Whitney Corp.</name>
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        <name>Louisiana-Pacific Corp.</name>
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        <name>United Therapeutics Corp.</name>
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        <name>CubeSmart</name>
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        <name>Zions Bancorp NA</name>
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        <name>Ingredion, Inc.</name>
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        <name>Interactive Brokers Group, Inc.</name>
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        <name>TEGNA, Inc.</name>
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        <name>Autoliv, Inc.</name>
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        <name>Helen of Troy Ltd.</name>
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        <name>Esab Corp.</name>
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        <name>OGE Energy Corp.</name>
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        <name>Landstar System, Inc.</name>
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        <name>Permian Resources Corp.</name>
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        <title>Permian Resources Corp., Class A</title>
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        <name>Kyndryl Holdings, Inc.</name>
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        <name>Polaris, Inc.</name>
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        <name>Gentex Corp.</name>
        <lei>549300S3UD8XV1MN0287</lei>
        <title>Gentex Corp.</title>
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      <invstOrSec>
        <name>Ovintiv, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Equity LifeStyle Properties, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Jersey Resources Corp.</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Carlisle Cos., Inc.</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>EPR Properties</name>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Flowers Foods, Inc.</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Timken Co. (The)</name>
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          <isin value="US8873891043"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Haemonetics Corp.</name>
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        <title>Haemonetics Corp.</title>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>nVent Electric plc</name>
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        <assetCat>EC</assetCat>
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        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>AECOM</name>
        <lei>0EEB8GF0W0NPCIHZX097</lei>
        <title>AECOM</title>
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          <isin value="US00766T1007"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Lattice Semiconductor Corp.</name>
        <lei>549300LRBBPZDQ2II567</lei>
        <title>Lattice Semiconductor Corp.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Glacier Bancorp, Inc.</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Doximity, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Curtiss-Wright Corp.</name>
        <lei>TEL51ETZWP7D0ZM4X325</lei>
        <title>Curtiss-Wright Corp.</title>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Jazz Pharmaceuticals plc</name>
        <lei>635400GAUMJCLEZRRV50</lei>
        <title>Jazz Pharmaceuticals plc</title>
        <cusip>N/A</cusip>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>Option Care Health, Inc.</name>
        <lei>549300DI3Q5ACSYJRI17</lei>
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        <name>BJ's Wholesale Club Holdings, Inc.</name>
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        <title>BJ's Wholesale Club Holdings, Inc.</title>
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        <name>Harley-Davidson, Inc.</name>
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        <name>Kinsale Capital Group, Inc.</name>
        <lei>529900QTUQHNZ6HOA508</lei>
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        <name>Floor &amp; Decor Holdings, Inc.</name>
        <lei>549300M5FR3N688XGQ36</lei>
        <title>Floor &amp; Decor Holdings, Inc., Class A</title>
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        <name>Medpace Holdings, Inc.</name>
        <lei>549300H8TYEUVTW14A54</lei>
        <title>Medpace Holdings, Inc.</title>
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        <name>Repligen Corp.</name>
        <lei>54930006QJ0T5AUO1E71</lei>
        <title>Repligen Corp.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <name>Neurocrine Biosciences, Inc.</name>
        <lei>549300FECER0XBN49756</lei>
        <title>Neurocrine Biosciences, Inc.</title>
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        <invCountry>US</invCountry>
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        <name>Owens Corning</name>
        <lei>JO5M6676RDJIZ2U8X907</lei>
        <title>Owens Corning</title>
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      <invstOrSec>
        <name>Bank OZK</name>
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      <invstOrSec>
        <name>Old National Bancorp</name>
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      <invstOrSec>
        <name>WP Carey, Inc.</name>
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      <invstOrSec>
        <name>Fidelity National Financial, Inc.</name>
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      <invstOrSec>
        <name>Crane NXT Co.</name>
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        <name>Saia, Inc.</name>
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      <invstOrSec>
        <name>Frontier Communications Parent, Inc.</name>
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        <name>Vishay Intertechnology, Inc.</name>
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        <name>Arcadium Lithium plc</name>
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        <name>Chesapeake Energy Corp.</name>
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        <name>Gaming and Leisure Properties, Inc.</name>
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        <name>Toll Brothers, Inc.</name>
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        <name>Stifel Financial Corp.</name>
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        <name>Dropbox, Inc.</name>
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        <name>Lantheus Holdings, Inc.</name>
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        <name>Choice Hotels International, Inc.</name>
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        <name>Starwood Property Trust, Inc.</name>
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        <name>UGI Corp.</name>
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        <name>Acadia Healthcare Co., Inc.</name>
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        <name>MGIC Investment Corp.</name>
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        <name>Fluor Corp.</name>
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        <title>Fluor Corp.</title>
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        <name>American Homes 4 Rent</name>
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        <title>American Homes 4 Rent, Class A</title>
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        <name>Equitable Holdings, Inc.</name>
        <lei>549300FIBAKMNHPZ4009</lei>
        <title>Equitable Holdings, Inc.</title>
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        <invCountry>US</invCountry>
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        <name>Lumentum Holdings, Inc.</name>
        <lei>549300JLWRRC38DWEF52</lei>
        <title>Lumentum Holdings, Inc.</title>
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        <name>Ally Financial, Inc.</name>
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      <invstOrSec>
        <name>Southwestern Energy Co.</name>
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      <invstOrSec>
        <name>EastGroup Properties, Inc.</name>
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        <name>Middleby Corp. (The)</name>
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      <invstOrSec>
        <name>Taylor Morrison Home Corp.</name>
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        <name>Ormat Technologies, Inc.</name>
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        <name>IPG Photonics Corp.</name>
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        <name>Watts Water Technologies, Inc.</name>
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        <name>KB Home</name>
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        <name>Range Resources Corp.</name>
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        <name>Capri Holdings Ltd.</name>
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        <name>Under Armour, Inc.</name>
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        <title>Under Armour, Inc., Class C</title>
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        <name>RBC Bearings, Inc.</name>
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        <name>New York Community Bancorp, Inc.</name>
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        <name>ALLETE, Inc.</name>
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        <name>Grand Canyon Education, Inc.</name>
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        <name>Kirby Corp.</name>
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        <name>TopBuild Corp.</name>
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        <name>Morningstar, Inc.</name>
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        <name>Knight-Swift Transportation Holdings, Inc.</name>
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        <name>US Foods Holding Corp.</name>
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        <name>Chord Energy Corp.</name>
        <lei>529900FA4V2YNIKZ0M71</lei>
        <title>Chord Energy Corp.</title>
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        <name>Aramark</name>
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      <invstOrSec>
        <name>Bruker Corp.</name>
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        <name>Brink's Co. (The)</name>
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      <invstOrSec>
        <name>Essent Group Ltd.</name>
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      <invstOrSec>
        <name>HF Sinclair Corp.</name>
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        <name>Tetra Tech, Inc.</name>
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        <name>Cytokinetics, Inc.</name>
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        <name>Nexstar Media Group, Inc.</name>
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        <name>QuidelOrtho Corp.</name>
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        <name>Visteon Corp.</name>
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        <name>Paylocity Holding Corp.</name>
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        <name>GATX Corp.</name>
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        <name>Jones Lang LaSalle, Inc.</name>
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        <name>Stericycle, Inc.</name>
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        <name>Pinnacle Financial Partners, Inc.</name>
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        <name>Exelixis, Inc.</name>
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        <name>Power Integrations, Inc.</name>
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        <name>Terex Corp.</name>
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        <name>HealthEquity, Inc.</name>
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        <name>United Bankshares, Inc.</name>
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        <name>Coherent Corp.</name>
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        <name>Globus Medical, Inc.</name>
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        <name>Old Republic International Corp.</name>
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        <name>Genpact Ltd.</name>
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      <invstOrSec>
        <name>Regal Rexnord Corp.</name>
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      <invstOrSec>
        <name>Acuity Brands, Inc.</name>
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        <name>Northwestern Energy Group, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Pilgrim's Pride Corp.</name>
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        <name>NewMarket Corp.</name>
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        <name>PERSHING LLC</name>
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        <name>Qualys, Inc.</name>
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        <name>Amkor Technology, Inc.</name>
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        <title>Amkor Technology, Inc.</title>
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        <name>ZoomInfo Technologies, Inc.</name>
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        <name>Lennox International, Inc.</name>
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        <name>Performance Food Group Co.</name>
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        <name>METROPOLITAN LIFE INSURANCE COMPANY</name>
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        <name>Universal Display Corp.</name>
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        <name>UMB Financial Corp.</name>
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        <title>UMB Financial Corp.</title>
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        <name>Ashland, Inc.</name>
        <lei>529900E4L9R04SB8HB11</lei>
        <title>Ashland, Inc.</title>
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        <name>Lincoln Electric Holdings, Inc.</name>
        <lei>BIMGBY40SIN95O01BN93</lei>
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        <name>N/A</name>
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        <title>S&amp;P Midcap 400 E-Mini Index</title>
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        <name>Advanced Drainage Systems, Inc.</name>
        <lei>6QQTOZ5MF5DHM7K92I60</lei>
        <title>Advanced Drainage Systems, Inc.</title>
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        <name>GXO Logistics, Inc.</name>
        <lei>5493007CNWMXN78JRN66</lei>
        <title>GXO Logistics, Inc.</title>
        <cusip>36262G101</cusip>
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        <invCountry>US</invCountry>
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        <name>Annaly Capital Management, Inc.</name>
        <lei>2DTL0G3FPRYUT58TI025</lei>
        <title>Annaly Capital Management, Inc.</title>
        <cusip>035710839</cusip>
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        <name>Mattel, Inc.</name>
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      <invstOrSec>
        <name>Brunswick Corp.</name>
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        <name>UFP Industries, Inc.</name>
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        <name>Darling Ingredients, Inc.</name>
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        <name>Cousins Properties, Inc.</name>
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        <name>Cognex Corp.</name>
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        <name>Simpson Manufacturing Co., Inc.</name>
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        <name>Ryder System, Inc.</name>
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        <name>Royal Gold, Inc.</name>
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        <name>Chart Industries, Inc.</name>
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        <name>Under Armour, Inc.</name>
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        <name>Watsco, Inc.</name>
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        <name>Williams-Sonoma, Inc.</name>
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        <name>ExlService Holdings, Inc.</name>
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        <name>TD SYNNEX Corp.</name>
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        <name>Encompass Health Corp.</name>
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        <name>Prosperity Bancshares, Inc.</name>
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        <name>Columbia Sportswear Co.</name>
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        <name>Valvoline, Inc.</name>
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        <name>Equitrans Midstream Corp.</name>
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        <title>Equitrans Midstream Corp.</title>
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        <name>R1 RCM, Inc.</name>
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        <name>TKO Group Holdings, Inc.</name>
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        <name>Adient plc</name>
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        <title>Adient plc</title>
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        <name>Insperity, Inc.</name>
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        <title>Insperity, Inc.</title>
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        <name>Wolfspeed, Inc.</name>
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        <name>Teradata Corp.</name>
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        <name>Kilroy Realty Corp.</name>
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        <name>Whirlpool Corp.</name>
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        <name>Five Below, Inc.</name>
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        <name>MDU Resources Group, Inc.</name>
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        <name>BWX Technologies, Inc.</name>
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        <name>Graphic Packaging Holding Co.</name>
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        <name>elf Beauty, Inc.</name>
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        <name>Concentrix Corp.</name>
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        <name>Neogen Corp.</name>
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        <name>Avis Budget Group, Inc.</name>
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        <name>LivaNova plc</name>
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        <name>Sonoco Products Co.</name>
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        <name>Chemed Corp.</name>
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        <name>Associated Banc-Corp.</name>
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        <name>Grocery Outlet Holding Corp.</name>
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        <name>Clean Harbors, Inc.</name>
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        <name>Murphy Oil Corp.</name>
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      <invstOrSec>
        <name>Marriott Vacations Worldwide Corp.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>GoDaddy, Inc.</name>
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        <name>Federated Hermes, Inc.</name>
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        <name>Ollie's Bargain Outlet Holdings, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SouthState Corp.</name>
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        <name>Knife River Corp.</name>
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      <invstOrSec>
        <name>Black Hills Corp.</name>
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        <name>GameStop Corp.</name>
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        <name>Antero Resources Corp.</name>
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        <name>Eagle Materials, Inc.</name>
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        <name>Enovis Corp.</name>
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        <name>Tenet Healthcare Corp.</name>
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        <name>Synovus Financial Corp.</name>
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        <name>Macy's, Inc.</name>
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        <name>Azenta, Inc.</name>
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        <name>Perrigo Co. plc</name>
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        <name>Cadence Bank</name>
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        <name>Antero Midstream Corp.</name>
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        <name>BellRing Brands, Inc.</name>
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        <name>Travel + Leisure Co.</name>
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        <name>Matador Resources Co.</name>
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        <title>Matador Resources Co.</title>
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        <name>Goodyear Tire &amp; Rubber Co. (The)</name>
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        <name>KBR, Inc.</name>
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        <title>KBR, Inc.</title>
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        <name>Coca-Cola Consolidated, Inc.</name>
        <lei>57VG5X0E00X0QJU7CQ58</lei>
        <title>Coca-Cola Consolidated, Inc.</title>
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        <name>YETI Holdings, Inc.</name>
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        <name>Cleveland-Cliffs, Inc.</name>
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        <name>Casey's General Stores, Inc.</name>
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        <name>Silicon Laboratories, Inc.</name>
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        <name>CNX Resources Corp.</name>
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        <name>Light &amp; Wonder, Inc.</name>
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        <name>Aspen Technology, Inc.</name>
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        <name>Evercore, Inc.</name>
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        <name>Axalta Coating Systems Ltd.</name>
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        <name>Hertz Global Holdings, Inc.</name>
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        <name>NOV, Inc.</name>
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        <name>AGCO Corp.</name>
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        <name>Primerica, Inc.</name>
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        <name>Chemours Co. (The)</name>
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        <name>Sabra Health Care REIT, Inc.</name>
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      <invstOrSec>
        <name>Penumbra, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Manhattan Associates, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Rexford Industrial Realty, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Synaptics, Inc.</name>
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      <invstOrSec>
        <name>International Bancshares Corp.</name>
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      <invstOrSec>
        <name>Allegro MicroSystems, Inc.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>PNM Resources, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>RenaissanceRe Holdings Ltd.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Planet Fitness, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Independence Realty Trust, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Wingstop, Inc.</name>
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        <name>Arrowhead Pharmaceuticals, Inc.</name>
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        <name>Erie Indemnity Co.</name>
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        <name>RPM International, Inc.</name>
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        <name>Houlihan Lokey, Inc.</name>
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        <name>Ziff Davis, Inc.</name>
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        <name>MKS Instruments, Inc.</name>
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        <name>Vontier Corp.</name>
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        <title>Vontier Corp.</title>
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        <name>Commercial Metals Co.</name>
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        <title>Commercial Metals Co.</title>
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        <name>Core &amp; Main, Inc.</name>
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        <name>Cullen/Frost Bankers, Inc.</name>
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        <title>Cullen/Frost Bankers, Inc.</title>
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        <name>Pure Storage, Inc.</name>
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        <title>Pure Storage, Inc., Class A</title>
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        <name>Tempur Sealy International, Inc.</name>
        <lei>549300HFEKVR3US71V91</lei>
        <title>Tempur Sealy International, Inc.</title>
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        <invCountry>US</invCountry>
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        <name>MSC Industrial Direct Co., Inc.</name>
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        <name>Park Hotels &amp; Resorts, Inc.</name>
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        <name>Fox Factory Holding Corp.</name>
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        <name>Vistra Corp.</name>
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        <name>Integra LifeSciences Holdings Corp.</name>
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        <name>Shockwave Medical, Inc.</name>
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        <name>Westlake Corp.</name>
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        <name>Trex Co., Inc.</name>
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        <name>Science Applications International Corp.</name>
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        <name>MACOM Technology Solutions Holdings, Inc.</name>
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        <name>Janus Henderson Group plc</name>
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        <name>Olin Corp.</name>
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        <name>Apartment Income REIT Corp.</name>
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        <name>Penske Automotive Group, Inc.</name>
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        <name>Nordstrom, Inc.</name>
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        <name>Lear Corp.</name>
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        <name>Penn Entertainment, Inc.</name>
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        <name>Onto Innovation, Inc.</name>
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      <invstOrSec>
        <name>Commerce Bancshares, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ChampionX Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>PBF Energy, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>American Financial Group, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Belden, Inc.</name>
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        <name>Dick's Sporting Goods, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>First American Financial Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Boston Beer Co., Inc. (The)</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Western Union Co. (The)</name>
        <lei>28ID94QU1140NC23S047</lei>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>First Financial Bankshares, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>NNN REIT, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Kite Realty Group Trust</name>
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        <name>AutoNation, Inc.</name>
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        <name>Comfort Systems USA, Inc.</name>
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        <name>Columbia Banking System, Inc.</name>
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        <name>Alcoa Corp.</name>
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        <title>Alcoa Corp.</title>
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        <name>Avnet, Inc.</name>
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        <name>Selective Insurance Group, Inc.</name>
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        <name>Halozyme Therapeutics, Inc.</name>
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        <name>Graco, Inc.</name>
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        <title>Graco, Inc.</title>
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        <name>Murphy USA, Inc.</name>
        <lei>549300Y081F8XIKQIO72</lei>
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        <name>Hilton Grand Vacations, Inc.</name>
        <lei>549300O9K6MFD8D07574</lei>
        <title>Hilton Grand Vacations, Inc.</title>
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        <name>ManpowerGroup, Inc.</name>
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        <title>ManpowerGroup, Inc.</title>
        <cusip>56418H100</cusip>
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      <invstOrSec>
        <name>Hexcel Corp.</name>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>First Horizon Corp.</name>
        <lei>TF3RXI1ZB1TQ30H9JV10</lei>
        <title>First Horizon Corp.</title>
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          <isin value="US3205171057"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Rayonier, Inc.</name>
        <lei>HGV8VDVNL0W6SF2U9C50</lei>
        <title>Rayonier, Inc.</title>
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          <isin value="US7549071030"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Celsius Holdings, Inc.</name>
        <lei>N/A</lei>
        <title>Celsius Holdings, Inc.</title>
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          <isin value="US15118V2079"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Lithia Motors, Inc.</name>
        <lei>SE8N1EZEHPZQBCBVKD53</lei>
        <title>Lithia Motors, Inc., Class A</title>
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          <isin value="US5367971034"/>
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        <balance>12487.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ITT, Inc.</name>
        <lei>549300KDSERHTJOXUS80</lei>
        <title>ITT, Inc.</title>
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          <isin value="US45073V1089"/>
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        <balance>37077.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Texas Capital Bancshares, Inc.</name>
        <lei>549300466Q2SXRX0YM48</lei>
        <title>Texas Capital Bancshares, Inc.</title>
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          <isin value="US88224Q1076"/>
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        <balance>20720.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Inari Medical, Inc.</name>
        <lei>254900K1GAHHPGQGTS83</lei>
        <title>Inari Medical, Inc.</title>
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          <isin value="US45332Y1091"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Maximus, Inc.</name>
        <lei>549300DQCDS8HJ7QF202</lei>
        <title>Maximus, Inc.</title>
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          <isin value="US5779331041"/>
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        <balance>27604.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Boyd Gaming Corp.</name>
        <lei>254900787YGRYS2A1Z35</lei>
        <title>Boyd Gaming Corp.</title>
        <cusip>103304101</cusip>
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          <isin value="US1033041013"/>
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        <balance>31843.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SEI Investments Co.</name>
        <lei>5LJTIFADGZ6XH1RVOC11</lei>
        <title>SEI Investments Co.</title>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Healthcare Realty Trust, Inc.</name>
        <lei>549300L0I14L7I0VLX84</lei>
        <title>Healthcare Realty Trust, Inc., Class A</title>
        <cusip>42226K105</cusip>
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          <isin value="US42226K1051"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Unum Group</name>
        <lei>549300E32YFDO6TZ8R31</lei>
        <title>Unum Group</title>
        <cusip>91529Y106</cusip>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Wendy's Co. (The)</name>
        <lei>529900M0JIUCMWVKHG76</lei>
        <title>Wendy's Co. (The)</title>
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      <invstOrSec>
        <name>East West Bancorp, Inc.</name>
        <lei>N/A</lei>
        <title>East West Bancorp, Inc.</title>
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        <name>Lancaster Colony Corp.</name>
        <lei>529900X4O13HED1ZAS58</lei>
        <title>Lancaster Colony Corp.</title>
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        <name>Vornado Realty Trust</name>
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        <name>Arrow Electronics, Inc.</name>
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        <title>Arrow Electronics, Inc.</title>
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        <name>United States Steel Corp.</name>
        <lei>JNLUVFYJT1OZSIQ24U47</lei>
        <title>United States Steel Corp.</title>
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        <name>Reinsurance Group of America, Inc.</name>
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        <title>Reinsurance Group of America, Inc.</title>
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        <name>Blackbaud, Inc.</name>
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        <title>Blackbaud, Inc.</title>
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        <name>BOFA SECURITIES, INC</name>
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        <name>Donaldson Co., Inc.</name>
        <lei>OZE6KXY9QQPR8EJ8WL20</lei>
        <title>Donaldson Co., Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>WESCO International, Inc.</name>
        <lei>529900TXOGREY3WNJ434</lei>
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        <name>Affiliated Managers Group, Inc.</name>
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      <invstOrSec>
        <name>FNB Corp.</name>
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        <name>IDACORP, Inc.</name>
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        <name>Southwest Gas Holdings, Inc.</name>
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        <name>RH</name>
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        <name>EnerSys</name>
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        <name>Essential Utilities, Inc.</name>
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        <name>CACI International, Inc.</name>
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        <name>CommVault Systems, Inc.</name>
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        <name>Churchill Downs, Inc.</name>
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        <name>Euronet Worldwide, Inc.</name>
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        <name>Voya Financial, Inc.</name>
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        <name>Brighthouse Financial, Inc.</name>
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        <name>Crown Holdings, Inc.</name>
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        <name>ASGN, Inc.</name>
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        <name>STAG Industrial, Inc.</name>
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        <name>PVH Corp.</name>
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        <name>Cirrus Logic, Inc.</name>
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        <name>Texas Roadhouse, Inc.</name>
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        <name>Toro Co. (The)</name>
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        <name>Portland General Electric Co.</name>
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        <name>ONE Gas, Inc.</name>
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        <name>DT Midstream, Inc.</name>
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      <invstOrSec>
        <name>Crane Co.</name>
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      <invstOrSec>
        <name>Sprouts Farmers Market, Inc.</name>
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        <name>Leggett &amp; Platt, Inc.</name>
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        <name>Silgan Holdings, Inc.</name>
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        <name>Hyatt Hotels Corp.</name>
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        <name>Carlyle Group, Inc. (The)</name>
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        <name>New York Times Co. (The)</name>
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        <name>Civitas Resources, Inc.</name>
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        <name>MasTec, Inc.</name>
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        <name>Webster Financial Corp.</name>
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        <name>Amedisys, Inc.</name>
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        <name>Woodward, Inc.</name>
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        <name>MP Materials Corp.</name>
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        <title>MP Materials Corp.</title>
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        <name>Progyny, Inc.</name>
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        <name>Fortune Brands Innovations, Inc.</name>
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        <name>Rambus, Inc.</name>
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        <name>Scotts Miracle-Gro Co. (The)</name>
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        <name>Avient Corp.</name>
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        <name>Valley National Bancorp</name>
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        <name>Flowserve Corp.</name>
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        <title>Flowserve Corp.</title>
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        <name>Berry Global Group, Inc.</name>
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        <name>Home BancShares, Inc.</name>
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        <name>Vail Resorts, Inc.</name>
        <lei>529900PSZHRNU9HKH870</lei>
        <title>Vail Resorts, Inc.</title>
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        <name>Brixmor Property Group, Inc.</name>
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        <name>Cable One, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>CANTOR FITZGERAL &amp; CO</name>
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      <invstOrSec>
        <name>Burlington Stores, Inc.</name>
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        <name>EMCOR Group, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>BANK OF AMERICA N.A.</name>
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        <name>SLM Corp.</name>
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      <invstOrSec>
        <name>CANTOR FITZGERAL &amp; CO</name>
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      <invstOrSec>
        <name>National Fuel Gas Co.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Sensata Technologies Holding plc</name>
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        <name>Lamar Advertising Co.</name>
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        <name>Skechers USA, Inc.</name>
        <lei>529900D2R54KZPA4XR56</lei>
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        <name>Envista Holdings Corp.</name>
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        <name>National Storage Affiliates Trust</name>
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        <name>Graham Holdings Co.</name>
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        <name>Valaris Ltd.</name>
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        <name>H&amp;R Block, Inc.</name>
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        <name>Service Corp. International</name>
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        <title>Service Corp. International</title>
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        <name>Valmont Industries, Inc.</name>
        <lei>5493009ZGZJJ8F77JN08</lei>
        <title>Valmont Industries, Inc.</title>
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        <name>Coty, Inc.</name>
        <lei>549300BO9IWPF3S48F93</lei>
        <title>Coty, Inc., Class A</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Jefferies Financial Group, Inc.</name>
        <lei>549300HOF34RGOJ5YL07</lei>
        <title>Jefferies Financial Group, Inc.</title>
        <cusip>47233W109</cusip>
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        <valUSD>3607997.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Iridium Communications, Inc.</name>
        <lei>549300U620NVQ4J1CT96</lei>
        <title>Iridium Communications, Inc.</title>
        <cusip>46269C102</cusip>
        <identifiers>
          <isin value="US46269C1027"/>
        </identifiers>
        <balance>55410.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1449525.60000000</valUSD>
        <pctVal>0.116907026312</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Cabot Corp.</name>
        <lei>K05C0SER542GQ6VLRO68</lei>
        <title>Cabot Corp.</title>
        <cusip>127055101</cusip>
        <identifiers>
          <isin value="US1270551013"/>
        </identifiers>
        <balance>25008.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2305737.60000000</valUSD>
        <pctVal>0.185962170156</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="2103916.10000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kemper Corp.</name>
        <lei>549300FNI1JKTRY2PV09</lei>
        <title>Kemper Corp.</title>
        <cusip>488401100</cusip>
        <identifiers>
          <isin value="US4884011002"/>
        </identifiers>
        <balance>27284.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1689425.28000000</valUSD>
        <pctVal>0.136255396705</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="22481.55000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FTI Consulting, Inc.</name>
        <lei>549300K17GM8EQD0FQ48</lei>
        <title>FTI Consulting, Inc.</title>
        <cusip>302941109</cusip>
        <identifiers>
          <isin value="US3029411093"/>
        </identifiers>
        <balance>15650.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3291038.50000000</valUSD>
        <pctVal>0.265428581955</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</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"/>
        </identifiers>
        <balance>35269.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1658348.38000000</valUSD>
        <pctVal>0.133748984975</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="28176.00000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Applied Industrial Technologies, Inc.</name>
        <lei>549300NU173IJRC6PO38</lei>
        <title>Applied Industrial Technologies, Inc.</title>
        <cusip>03820C105</cusip>
        <identifiers>
          <isin value="US03820C1053"/>
        </identifiers>
        <balance>17447.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3446654.85000000</valUSD>
        <pctVal>0.277979339751</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sunrun, Inc.</name>
        <lei>54930007SJ77CI66U531</lei>
        <title>Sunrun, Inc.</title>
        <cusip>86771W105</cusip>
        <identifiers>
          <isin value="US86771W1053"/>
        </identifiers>
        <balance>99250.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1308115.00000000</valUSD>
        <pctVal>0.105501989564</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="1273948.80000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sotera Health Co.</name>
        <lei>N/A</lei>
        <title>Sotera Health Co.</title>
        <cusip>83601L102</cusip>
        <identifiers>
          <isin value="US83601L1026"/>
        </identifiers>
        <balance>54894.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>659276.94000000</valUSD>
        <pctVal>0.053171952652</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="198229.00000000"/>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2024-04-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Nationwide Variable Insurance Trust</ncom:nameOfApplicant>
      <ncom:signature>David Majewski</ncom:signature>
      <ncom:signerName>David Majewski</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
