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      <repPdEnd>2023-12-31</repPdEnd>
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      <invstOrSec>
        <name>nCino Inc.</name>
        <lei>N/A</lei>
        <title>NCINO INC COMMON STOCK USD.0005</title>
        <cusip>63947X101</cusip>
        <identifiers>
          <isin value="US63947X1019"/>
          <ticker value="NCNO US"/>
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        <balance>14629</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>362506.62</valUSD>
        <pctVal>0.2839140782</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 Corporation</name>
        <lei>54930084YA8UJOTXDM59</lei>
        <title>POTLATCHDELTIC CORP REIT USD1.0</title>
        <cusip>737630103</cusip>
        <identifiers>
          <isin value="US7376301039"/>
          <ticker value="PCH "/>
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        <balance>20608</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1020096</valUSD>
        <pctVal>0.7989360733</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>
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      </invstOrSec>
      <invstOrSec>
        <name>ProAssurance Corporation</name>
        <lei>54930015E5J57R675E89</lei>
        <title>PROASSURANCE CORP COMMON STOCK USD.01</title>
        <cusip>74267C106</cusip>
        <identifiers>
          <isin value="US74267C1062"/>
          <ticker value="PRA "/>
        </identifiers>
        <balance>26069</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>481755.12</valUSD>
        <pctVal>0.3773091394</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>
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      <invstOrSec>
        <name>PROG Holdings Inc.</name>
        <lei>N/A</lei>
        <title>PROG HOLDINGS INC COMMON STOCK USD.5</title>
        <cusip>74319R101</cusip>
        <identifiers>
          <isin value="US74319R1014"/>
          <ticker value="PRG "/>
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        <balance>19709</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>468877.11</valUSD>
        <pctVal>0.3672231213</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Chesapeake Utilities Corporation</name>
        <lei>N/A</lei>
        <title>CHESAPEAKE UTILITIES CORP COMMON STOCK USD.4867</title>
        <cusip>165303108</cusip>
        <identifiers>
          <isin value="US1653031088"/>
          <ticker value="CPK "/>
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        <balance>4975</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>636750.25</valUSD>
        <pctVal>0.4987008521</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>
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      </invstOrSec>
      <invstOrSec>
        <name>The Children's Place Inc.</name>
        <lei>549300BGVK2OO5O7TC19</lei>
        <title>CHILDREN'S PLACE INC/THE COMMON STOCK USD.1</title>
        <cusip>168905107</cusip>
        <identifiers>
          <isin value="US1689051076"/>
          <ticker value="PLCE US"/>
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        <balance>6800</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>273700</valUSD>
        <pctVal>0.2143610045</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>
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      <invstOrSec>
        <name>CIRCOR International Inc.</name>
        <lei>5493007701O01N3FQM69</lei>
        <title>CIRCOR INTERNATIONAL INC COMMON STOCK USD.01</title>
        <cusip>17273K109</cusip>
        <identifiers>
          <isin value="US17273K1097"/>
          <ticker value="CIR "/>
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        <balance>15992</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>497671.04</valUSD>
        <pctVal>0.3897744394</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>
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      <invstOrSec>
        <name>Clearwater Paper Corporation</name>
        <lei>549300HCVV19GXN4P292</lei>
        <title>CLEARWATER PAPER CORP COMMON STOCK USD.0001</title>
        <cusip>18538R103</cusip>
        <identifiers>
          <isin value="US18538R1032"/>
          <ticker value="CLW "/>
        </identifiers>
        <balance>19687</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>657939.54</valUSD>
        <pctVal>0.5152962393</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Coca-Cola Consolidated Inc.</name>
        <lei>57VG5X0E00X0QJU7CQ58</lei>
        <title>COCA-COLA CONSOLIDATED INC COMMON STOCK USD1.0</title>
        <cusip>191098102</cusip>
        <identifiers>
          <isin value="US1910981026"/>
          <ticker value="COKE US"/>
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        <balance>1896</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1014511.68</valUSD>
        <pctVal>0.7945624509</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Columbia Banking System Inc.</name>
        <lei>N/A</lei>
        <title>COLUMBIA BANKING SYSTEM INC COMMON STOCK</title>
        <cusip>197236102</cusip>
        <identifiers>
          <isin value="US1972361026"/>
          <ticker value="COLB "/>
        </identifiers>
        <balance>47710</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1021948.2</valUSD>
        <pctVal>0.8003867107</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Conduent Incorporated</name>
        <lei>549300SFJ2D2CYY6CQ11</lei>
        <title>CONDUENT INC COMMON STOCK USD.01</title>
        <cusip>206787103</cusip>
        <identifiers>
          <isin value="US2067871036"/>
          <ticker value="CNDT "/>
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        <balance>75568</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>259198.24</valUSD>
        <pctVal>0.2030032704</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>
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      <invstOrSec>
        <name>Payoneer Global Inc.</name>
        <lei>N/A</lei>
        <title>PAYONEER GLOBAL INC COMMON STOCK USD.01</title>
        <cusip>70451X104</cusip>
        <identifiers>
          <isin value="US70451X1046"/>
          <ticker value="PAYO US"/>
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        <balance>73114</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>459155.92</valUSD>
        <pctVal>0.3596095150</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Peloton Interactive Inc.</name>
        <lei>N/A</lei>
        <title>PELOTON INTERACTIVE INC COMMON STOCK USD.000025</title>
        <cusip>70614W100</cusip>
        <identifiers>
          <isin value="US70614W1009"/>
          <ticker value="PTON US"/>
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        <balance>17000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>192780</valUSD>
        <pctVal>0.1509847075</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>
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      <invstOrSec>
        <name>The Pennant Group Inc.</name>
        <lei>N/A</lei>
        <title>PENNANT GROUP INC/THE COMMON STOCK USD.001</title>
        <cusip>70805E109</cusip>
        <identifiers>
          <isin value="US70805E1091"/>
          <ticker value="PNTG "/>
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        <balance>20343</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>290498.04</valUSD>
        <pctVal>0.2275171782</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>
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      <invstOrSec>
        <name>Pennymac Mortgage Investment Trust</name>
        <lei>N/A</lei>
        <title>PENNYMAC MORTGAGE INVESTMENT T REIT USD.01</title>
        <cusip>70931T103</cusip>
        <identifiers>
          <isin value="US70931T1034"/>
          <ticker value="PMT "/>
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        <balance>49600</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>611568</valUSD>
        <pctVal>0.4789781908</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>
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      <invstOrSec>
        <name>SPX Technologies Inc.</name>
        <lei>P761FCI0CPOG24I8JE10</lei>
        <title>SPX TECHNOLOGIES INC COMMON STOCK</title>
        <cusip>78473E103</cusip>
        <identifiers>
          <isin value="US78473E1038"/>
          <ticker value="SPXC"/>
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        <balance>14311</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1010070.38</valUSD>
        <pctVal>0.7910840383</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Safehold Inc.</name>
        <lei>QFFLKWYYS3UPWD86E794</lei>
        <title>SAFEHOLD INC REIT USD.001</title>
        <cusip>78646V107</cusip>
        <identifiers>
          <isin value="US78646V1070"/>
          <ticker value="SAFE"/>
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        <balance>19990</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>587106.3</valUSD>
        <pctVal>0.4598198620</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>
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      </invstOrSec>
      <invstOrSec>
        <name>The St. Joe Company</name>
        <lei>N/A</lei>
        <title>ST JOE CO/THE COMMON STOCK</title>
        <cusip>790148100</cusip>
        <identifiers>
          <isin value="US7901481009"/>
          <ticker value="JOE "/>
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        <balance>29338</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1220754.18</valUSD>
        <pctVal>0.9560909474</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>
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      <invstOrSec>
        <name>Sandy Spring Bancorp Inc.</name>
        <lei>N/A</lei>
        <title>SANDY SPRING BANCORP INC COMMON STOCK USD1.0</title>
        <cusip>800363103</cusip>
        <identifiers>
          <isin value="US8003631038"/>
          <ticker value="SASR "/>
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        <balance>14800</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>384504</valUSD>
        <pctVal>0.3011423591</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Saul Centers Inc.</name>
        <lei>N/A</lei>
        <title>SAUL CENTERS INC REIT USD.01</title>
        <cusip>804395101</cusip>
        <identifiers>
          <isin value="US8043951016"/>
          <ticker value="BFS "/>
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        <balance>22146</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>863694</valUSD>
        <pctVal>0.6764425043</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Select Medical Holdings Corporation</name>
        <lei>N/A</lei>
        <title>SELECT MEDICAL HOLDINGS CORP COMMON STOCK USD.001</title>
        <cusip>81619Q105</cusip>
        <identifiers>
          <isin value="US81619Q1058"/>
          <ticker value="SEM "/>
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        <balance>58498</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1512173.3</valUSD>
        <pctVal>1.1843295126</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>The Shyft Group Inc.</name>
        <lei>549300YY0TB51BGRV994</lei>
        <title>SHYFT GROUP INC/THE COMMON STOCK USD.01</title>
        <cusip>825698103</cusip>
        <identifiers>
          <isin value="US8256981031"/>
          <ticker value="SHYF "/>
        </identifiers>
        <balance>14400</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>327600</valUSD>
        <pctVal>0.2565753200</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>The Simply Good Foods Company</name>
        <lei>N/A</lei>
        <title>SIMPLY GOOD FOODS CO/THE COMMON STOCK USD.0001</title>
        <cusip>82900L102</cusip>
        <identifiers>
          <isin value="US82900L1026"/>
          <ticker value="SMPL "/>
        </identifiers>
        <balance>16415</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>652824.55</valUSD>
        <pctVal>0.5112901948</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>Skyward Specialty Insurance Group Inc.</name>
        <lei>N/A</lei>
        <title>SKYWARD SPECIALTY INSURANCE GR COMMON STOCK USD.01</title>
        <cusip>830940102</cusip>
        <identifiers>
          <isin value="US8309401029"/>
          <ticker value="SKWD US"/>
        </identifiers>
        <balance>8856</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>193680.72</valUSD>
        <pctVal>0.1516901487</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="183222.000000000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SouthState Corporation</name>
        <lei>549300JZUANXM0YQ4W53</lei>
        <title>SOUTH STATE CORP COMMON STOCK USD2.5</title>
        <cusip>840441109</cusip>
        <identifiers>
          <isin value="US8404411097"/>
          <ticker value="SSB "/>
        </identifiers>
        <balance>17900</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1275554</valUSD>
        <pctVal>0.9990099991</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>Southern First Bancshares Inc.</name>
        <lei>N/A</lei>
        <title>SOUTHERN FIRST BANCSHARES INC COMMON STOCK USD.01</title>
        <cusip>842873101</cusip>
        <identifiers>
          <isin value="US8428731017"/>
          <ticker value="SFST "/>
        </identifiers>
        <balance>14765</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>453285.5</valUSD>
        <pctVal>0.3550118199</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Alignment Healthcare Inc.</name>
        <lei>N/A</lei>
        <title>ALIGNMENT HEALTHCARE INC COMMON STOCK</title>
        <cusip>01625V104</cusip>
        <identifiers>
          <isin value="US01625V1044"/>
          <ticker value="ALHC US"/>
        </identifiers>
        <balance>42700</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>271572</valUSD>
        <pctVal>0.2126943614</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Allegiant Travel Company</name>
        <lei>549300JM9OZXOHWL2K18</lei>
        <title>ALLEGIANT TRAVEL CO COMMON STOCK USD.001</title>
        <cusip>01748X102</cusip>
        <identifiers>
          <isin value="US01748X1028"/>
          <ticker value="ALGT "/>
        </identifiers>
        <balance>7955</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>731700.9</valUSD>
        <pctVal>0.5730659113</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Apellis Pharmaceuticals Inc.</name>
        <lei>N/A</lei>
        <title>APELLIS PHARMACEUTICALS INC COMMON STOCK USD.0001</title>
        <cusip>03753U106</cusip>
        <identifiers>
          <isin value="US03753U1060"/>
          <ticker value="APLS "/>
        </identifiers>
        <balance>8603</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>567453.88</valUSD>
        <pctVal>0.4444281466</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Apple Hospitality REIT Inc.</name>
        <lei>549300EVZAR0FBZO4F16</lei>
        <title>APPLE HOSPITALITY REIT INC REIT NPV</title>
        <cusip>03784Y200</cusip>
        <identifiers>
          <isin value="US03784Y2000"/>
          <ticker value="APLE US"/>
        </identifiers>
        <balance>79503</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1233886.56</valUSD>
        <pctVal>0.9663761873</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>NorthWestern Corporation</name>
        <lei>3BPWMBHR1R9SHUN7J795</lei>
        <title>NORTHWESTERN CORP COMMON STOCK USD.01</title>
        <cusip>668074305</cusip>
        <identifiers>
          <isin value="US6680743050"/>
          <ticker value="NWE "/>
        </identifiers>
        <balance>15319</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>886357.34</valUSD>
        <pctVal>0.6941923630</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>
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      </invstOrSec>
      <invstOrSec>
        <name>ONE Gas Inc.</name>
        <lei>549300HXDWI0LATTX840</lei>
        <title>ONE GAS INC COMMON STOCK</title>
        <cusip>68235P108</cusip>
        <identifiers>
          <isin value="US68235P1084"/>
          <ticker value="OGS "/>
        </identifiers>
        <balance>10245</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>811711.35</valUSD>
        <pctVal>0.6357298515</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Onto Innovation Inc.</name>
        <lei>N/A</lei>
        <title>ONTO INNOVATION INC COMMON STOCK</title>
        <cusip>683344105</cusip>
        <identifiers>
          <isin value="US6833441057"/>
          <ticker value="ONTO "/>
        </identifiers>
        <balance>5643</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>495906.84</valUSD>
        <pctVal>0.3883927233</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>Opendoor Technologies Inc.</name>
        <lei>N/A</lei>
        <title>OPENDOOR TECHNOLOGIES INC COMMON STOCK USD.0001</title>
        <cusip>683712103</cusip>
        <identifiers>
          <isin value="US6837121036"/>
          <ticker value="OPEN US"/>
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        <balance>96000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>168960</valUSD>
        <pctVal>0.1323289562</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Option Care Health Inc.</name>
        <lei>549300DI3Q5ACSYJRI17</lei>
        <title>OPTION CARE HEALTH INC COMMON STOCK USD.0001</title>
        <cusip>68404L201</cusip>
        <identifiers>
          <isin value="US68404L2016"/>
          <ticker value="OPCH "/>
        </identifiers>
        <balance>14223</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>451864.71</valUSD>
        <pctVal>0.3538990615</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>Origin Bancorp Inc.</name>
        <lei>N/A</lei>
        <title>ORIGIN BANCORP INC COMMON STOCK</title>
        <cusip>68621T102</cusip>
        <identifiers>
          <isin value="US68621T1025"/>
          <ticker value="OBNK "/>
        </identifiers>
        <balance>20720</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>666148</valUSD>
        <pctVal>0.5217250802</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>PRA Group Inc.</name>
        <lei>549300Q5HW3JSSB86K27</lei>
        <title>PRA GROUP INC COMMON STOCK USD.01</title>
        <cusip>69354N106</cusip>
        <identifiers>
          <isin value="US69354N1063"/>
          <ticker value="PRAA "/>
        </identifiers>
        <balance>11306</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>440481.76</valUSD>
        <pctVal>0.3449839698</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Palomar Holdings Inc.</name>
        <lei>N/A</lei>
        <title>PALOMAR HOLDINGS INC COMMON STOCK USD.0001</title>
        <cusip>69753M105</cusip>
        <identifiers>
          <isin value="US69753M1053"/>
          <ticker value="PLMR "/>
        </identifiers>
        <balance>11211</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>618847.2</valUSD>
        <pctVal>0.4846792380</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Papa John's International Inc.</name>
        <lei>HZYLD3DK5XOX0WBVNB56</lei>
        <title>PAPA JOHN'S INTERNATIONAL INC COMMON STOCK USD.01</title>
        <cusip>698813102</cusip>
        <identifiers>
          <isin value="US6988131024"/>
          <ticker value="PZZA "/>
        </identifiers>
        <balance>12900</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>966597</valUSD>
        <pctVal>0.7570358198</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>Parsons Corporation</name>
        <lei>N/A</lei>
        <title>PARSONS CORP COMMON STOCK USD1.0</title>
        <cusip>70202L102</cusip>
        <identifiers>
          <isin value="US70202L1026"/>
          <ticker value="PSN "/>
        </identifiers>
        <balance>13828</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>618664.72</valUSD>
        <pctVal>0.4845363202</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Paycor HCM Inc</name>
        <lei>N/A</lei>
        <title>PAYCOR HCM INC COMMON STOCK USD.001</title>
        <cusip>70435P102</cusip>
        <identifiers>
          <isin value="US70435P1021"/>
          <ticker value="PYCR US"/>
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        <balance>25521</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>676816.92</valUSD>
        <pctVal>0.5300809457</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Elme Communities</name>
        <lei>549300DI34BGS8LVKW95</lei>
        <title>WASHINGTON REAL ESTATE INVESTM REIT USD.01</title>
        <cusip>939653101</cusip>
        <identifiers>
          <isin value="US9396531017"/>
          <ticker value="WRE "/>
        </identifiers>
        <balance>21476</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>383561.36</valUSD>
        <pctVal>0.3004040863</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Aris Water Solutions Inc.</name>
        <lei>N/A</lei>
        <title>ARIS WATER SOLUTION INC COMMON STOCK USD.01</title>
        <cusip>04041L106</cusip>
        <identifiers>
          <isin value="US04041L1061"/>
          <ticker value="ARIS US"/>
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        <balance>33537</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>261253.23</valUSD>
        <pctVal>0.2046127322</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>Belden Inc.</name>
        <lei>68BKYO1JC791TTJHUE82</lei>
        <title>BELDEN INC COMMON STOCK USD.01</title>
        <cusip>077454106</cusip>
        <identifiers>
          <isin value="US0774541066"/>
          <ticker value="BDC "/>
        </identifiers>
        <balance>14321</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1242633.17</valUSD>
        <pctVal>0.9732265056</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>BJ's Restaurants Inc.</name>
        <lei>N/A</lei>
        <title>BJ'S RESTAURANTS INC COMMON STOCK</title>
        <cusip>09180C106</cusip>
        <identifiers>
          <isin value="US09180C1062"/>
          <ticker value="BJRI "/>
        </identifiers>
        <balance>17083</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>497798.62</valUSD>
        <pctVal>0.3898743596</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>Blueprint Medicines Corporation</name>
        <lei>N/A</lei>
        <title>BLUEPRINT MEDICINES CORP COMMON STOCK USD.001</title>
        <cusip>09627Y109</cusip>
        <identifiers>
          <isin value="US09627Y1091"/>
          <ticker value="BPMC "/>
        </identifiers>
        <balance>8655</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>389388.45</valUSD>
        <pctVal>0.3049678454</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>Boston Omaha Corporation</name>
        <lei>N/A</lei>
        <title>BOSTON OMAHA CORP COMMON STOCK</title>
        <cusip>101044105</cusip>
        <identifiers>
          <isin value="US1010441053"/>
          <ticker value="BOMN "/>
        </identifiers>
        <balance>23596</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>558517.32</valUSD>
        <pctVal>0.4374290601</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>Brady Corporation</name>
        <lei>549300G2LEQOFQC8GY34</lei>
        <title>BRADY CORP COMMON STOCK USD.01</title>
        <cusip>104674106</cusip>
        <identifiers>
          <isin value="US1046741062"/>
          <ticker value="BRC "/>
        </identifiers>
        <balance>17095</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>918514.35</valUSD>
        <pctVal>0.7193776351</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>Cactus Inc.</name>
        <lei>N/A</lei>
        <title>CACTUS INC COMMON STOCK USD.01</title>
        <cusip>127203107</cusip>
        <identifiers>
          <isin value="US1272031071"/>
          <ticker value="WHD "/>
        </identifiers>
        <balance>26256</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1082534.88</valUSD>
        <pctVal>0.8478380135</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UniFirst Corporation</name>
        <lei>5493003XBTNWBC8UK019</lei>
        <title>UNIFIRST CORP/MA COMMON STOCK USD.1</title>
        <cusip>904708104</cusip>
        <identifiers>
          <isin value="US9047081040"/>
          <ticker value="UNF "/>
        </identifiers>
        <balance>2100</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>370083</valUSD>
        <pctVal>0.2898478759</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>Valmont Industries Inc.</name>
        <lei>5493009ZGZJJ8F77JN08</lei>
        <title>VALMONT INDUSTRIES INC COMMON STOCK USD1.0</title>
        <cusip>920253101</cusip>
        <identifiers>
          <isin value="US9202531011"/>
          <ticker value="VMI "/>
        </identifiers>
        <balance>2262</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>722211.36</valUSD>
        <pctVal>0.5656337326</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>Veritex Holdings Inc.</name>
        <lei>549300F3SMOML02SC814</lei>
        <title>VERITEX HOLDINGS INC COMMON STOCK USD.01</title>
        <cusip>923451108</cusip>
        <identifiers>
          <isin value="US9234511080"/>
          <ticker value="VBTX US"/>
        </identifiers>
        <balance>19856</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>362570.56</valUSD>
        <pctVal>0.2839641558</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>Verve Therapeutics Inc.</name>
        <lei>N/A</lei>
        <title>VERVE THERAPEUTICS INC COMMON STOCK USD.001</title>
        <cusip>92539P101</cusip>
        <identifiers>
          <isin value="US92539P1012"/>
          <ticker value="VERV US"/>
        </identifiers>
        <balance>8800</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>126896</valUSD>
        <pctVal>0.0993845598</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>Virtus Investment Partners Inc.</name>
        <lei>N/A</lei>
        <title>VIRTUS INVESTMENT PARTNERS INC COMMON STOCK USD.01</title>
        <cusip>92828Q109</cusip>
        <identifiers>
          <isin value="US92828Q1094"/>
          <ticker value="VRTS "/>
        </identifiers>
        <balance>4674</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>889882.86</valUSD>
        <pctVal>0.6969535395</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>Visteon Corporation</name>
        <lei>N/A</lei>
        <title>VISTEON CORP COMMON STOCK</title>
        <cusip>92839U206</cusip>
        <identifiers>
          <isin value="US92839U2069"/>
          <ticker value="VC "/>
        </identifiers>
        <balance>4542</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>712321.86</valUSD>
        <pctVal>0.5578883064</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 Corporation</name>
        <lei>N/A</lei>
        <title>VONTIER CORP COMMON STOCK USD.0001</title>
        <cusip>928881101</cusip>
        <identifiers>
          <isin value="US9288811014"/>
          <ticker value="VNT "/>
        </identifiers>
        <balance>35701</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>976065.34</valUSD>
        <pctVal>0.7644513948</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>Voya Financial Inc.</name>
        <lei>549300T065Z4KJ686G75</lei>
        <title>VOYA FINANCIAL INC COMMON STOCK USD.01</title>
        <cusip>929089100</cusip>
        <identifiers>
          <isin value="US9290891004"/>
          <ticker value="VOYA "/>
        </identifiers>
        <balance>2900</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>207234</valUSD>
        <pctVal>0.1623050362</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 Corporation</name>
        <lei>549300SU7VQHD6QRG886</lei>
        <title>WSFS FINANCIAL CORP COMMON STOCK USD.01</title>
        <cusip>929328102</cusip>
        <identifiers>
          <isin value="US9293281021"/>
          <ticker value="WSFS "/>
        </identifiers>
        <balance>25839</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>971804.79</valUSD>
        <pctVal>0.7611145451</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>Walker and Dunlop Inc.</name>
        <lei>N/A</lei>
        <title>WALKER and DUNLOP INC COMMON STOCK</title>
        <cusip>93148P102</cusip>
        <identifiers>
          <isin value="US93148P1021"/>
          <ticker value="WD "/>
        </identifiers>
        <balance>10386</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>791101.62</valUSD>
        <pctVal>0.6195883739</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>Webster Financial Corporation</name>
        <lei>KMRURHT0VWKYS6Z5KU67</lei>
        <title>WEBSTER FINANCIAL CORP COMMON STOCK USD.01</title>
        <cusip>947890109</cusip>
        <identifiers>
          <isin value="US9478901096"/>
          <ticker value="WBS "/>
        </identifiers>
        <balance>15767</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>621535.14</valUSD>
        <pctVal>0.4867844244</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>Western Alliance Bancorporation</name>
        <lei>5493003VJXZ5JXT9S762</lei>
        <title>WESTERN ALLIANCE BANCORP COMMON STOCK USD.0001</title>
        <cusip>957638109</cusip>
        <identifiers>
          <isin value="US9576381092"/>
          <ticker value="WAL "/>
        </identifiers>
        <balance>11168</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>396910.72</valUSD>
        <pctVal>0.3108592643</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>Workiva Inc.</name>
        <lei>N/A</lei>
        <title>WORKIVA INC COMMON STOCK USD.001</title>
        <cusip>98139A105</cusip>
        <identifiers>
          <isin value="US98139A1051"/>
          <ticker value="WK "/>
        </identifiers>
        <balance>3310</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>338977.1</valUSD>
        <pctVal>0.2654858300</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>Xencor Inc.</name>
        <lei>549300V5IF65437JKG30</lei>
        <title>XENCOR INC COMMON STOCK USD.01</title>
        <cusip>98401F105</cusip>
        <identifiers>
          <isin value="US98401F1057"/>
          <ticker value="XNCR "/>
        </identifiers>
        <balance>19528</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>544635.92</valUSD>
        <pctVal>0.4265571900</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>Zentalis Pharmaceuticals Inc.</name>
        <lei>N/A</lei>
        <title>ZENTALIS PHARMACEUTICALS INC COMMON STOCK</title>
        <cusip>98943L107</cusip>
        <identifiers>
          <isin value="US98943L1070"/>
          <ticker value="ZNTL "/>
        </identifiers>
        <balance>11583</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>199227.6</valUSD>
        <pctVal>0.1560344482</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>Zurn Elkay Water Solutions Corporation</name>
        <lei>549300AM3633XDFU1Q85</lei>
        <title>ZURN WATER SOLUTIONS CORP COMMON STOCK USD.01</title>
        <cusip>98983L108</cusip>
        <identifiers>
          <isin value="US98983L1089"/>
          <ticker value="ZWS US"/>
        </identifiers>
        <balance>18100</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>386616</valUSD>
        <pctVal>0.3027964710</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>Constellium SE</name>
        <lei>N/A</lei>
        <title>CONSTELLIUM SE COMMON STOCK EUR.02</title>
        <cusip>F21107101</cusip>
        <identifiers>
          <isin value="FR0013467479"/>
          <ticker value="CSTM US"/>
        </identifiers>
        <balance>62672</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>957628.16</valUSD>
        <pctVal>0.7500114517</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>James River Group Holdings Ltd.</name>
        <lei>N/A</lei>
        <title>JAMES RIVER GROUP HOLDINGS LTD COMMON STOCK USD.0002</title>
        <cusip>G5005R107</cusip>
        <identifiers>
          <isin value="BMG5005R1079"/>
          <ticker value="JRVR "/>
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        <balance>31681</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>654212.65</valUSD>
        <pctVal>0.5123773505</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Nomad Foods Limited</name>
        <lei>5493000ZZ1837DS2SI43</lei>
        <title>NOMAD FOODS LTD COMMON STOCK</title>
        <cusip>G6564A105</cusip>
        <identifiers>
          <isin value="VGG6564A1057"/>
          <ticker value="NOMD "/>
        </identifiers>
        <balance>64940</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1216975.6</valUSD>
        <pctVal>0.9531315750</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CRISPR Therapeutics AG</name>
        <lei>N/A</lei>
        <title>CRISPR THERAPEUTICS AG COMMON STOCK CHF.03</title>
        <cusip>H17182108</cusip>
        <identifiers>
          <isin value="CH0334081137"/>
          <ticker value="CRSP "/>
        </identifiers>
        <balance>5900</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>266857</valUSD>
        <pctVal>0.2090015878</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Orion Engineered Carbons S.A.</name>
        <lei>N/A</lei>
        <title>ORION ENGINEERED CARBONS SA COMMON STOCK</title>
        <cusip>L72967109</cusip>
        <identifiers>
          <isin value="LU1092234845"/>
          <ticker value="OEC "/>
        </identifiers>
        <balance>29891</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>779856.19</valUSD>
        <pctVal>0.6107809875</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>Avanos Medical Inc.</name>
        <lei>549300YCXWOM7NEWMQ58</lei>
        <title>AVANOS MEDICAL INC COMMON STOCK USD.01</title>
        <cusip>05350V106</cusip>
        <identifiers>
          <isin value="US05350V1061"/>
          <ticker value="AVNS US"/>
        </identifiers>
        <balance>10900</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>324166</valUSD>
        <pctVal>0.2538858217</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>BRP Group Inc.</name>
        <lei>N/A</lei>
        <title>BRP GROUP INC COMMON STOCK USD.01</title>
        <cusip>05589G102</cusip>
        <identifiers>
          <isin value="US05589G1022"/>
          <ticker value="BRP "/>
        </identifiers>
        <balance>35668</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>908107.28</valUSD>
        <pctVal>0.7112268497</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>ESCO Technologies Inc.</name>
        <lei>5493007JJLP5MEWVDH10</lei>
        <title>ESCO TECHNOLOGIES INC COMMON STOCK USD.01</title>
        <cusip>296315104</cusip>
        <identifiers>
          <isin value="US2963151046"/>
          <ticker value="ESE "/>
        </identifiers>
        <balance>10940</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1044223</valUSD>
        <pctVal>0.8178322661</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>Essential Properties Realty Trust Inc.</name>
        <lei>N/A</lei>
        <title>ESSENTIAL PROPERTIES REALTY TR REIT USD.01</title>
        <cusip>29670E107</cusip>
        <identifiers>
          <isin value="US29670E1073"/>
          <ticker value="EPRT "/>
        </identifiers>
        <balance>30525</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>758546.25</valUSD>
        <pctVal>0.5940911075</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FB Financial Corporation</name>
        <lei>N/A</lei>
        <title>FB FINANCIAL CORP COMMON STOCK USD1.0</title>
        <cusip>30257X104</cusip>
        <identifiers>
          <isin value="US30257X1046"/>
          <ticker value="FBK "/>
        </identifiers>
        <balance>32092</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>997419.36</valUSD>
        <pctVal>0.7811757981</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>FIGS Inc.</name>
        <lei>N/A</lei>
        <title>FIGS INC COMMON STOCK USD.0001</title>
        <cusip>30260D103</cusip>
        <identifiers>
          <isin value="US30260D1037"/>
          <ticker value="FIGS US"/>
        </identifiers>
        <balance>66833</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>413696.27</valUSD>
        <pctVal>0.3240056558</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>FTI Consulting Inc.</name>
        <lei>549300K17GM8EQD0FQ48</lei>
        <title>FTI CONSULTING INC COMMON STOCK USD.01</title>
        <cusip>302941109</cusip>
        <identifiers>
          <isin value="US3029411093"/>
          <ticker value="FCN "/>
        </identifiers>
        <balance>2899</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>572117.65</valUSD>
        <pctVal>0.4480807971</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>Farfetch Limited</name>
        <lei>N/A</lei>
        <title>FARFETCH LTD COMMON STOCK USD.04</title>
        <cusip>30744W107</cusip>
        <identifiers>
          <isin value="KY30744W1070"/>
          <ticker value="FTCH US"/>
        </identifiers>
        <balance>51021</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>250513.11</valUSD>
        <pctVal>0.1962011030</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="223504.000000000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FirstService Corporation</name>
        <lei>N/A</lei>
        <title>FIRSTSERVICE CORP COMMON STOCK</title>
        <cusip>33767E202</cusip>
        <identifiers>
          <isin value="CA33767E2024"/>
          <ticker value="FSV US"/>
        </identifiers>
        <balance>5230</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>737377.7</valUSD>
        <pctVal>0.5775119638</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Floor and Decor Holdings Inc.</name>
        <lei>N/A</lei>
        <title>FLOOR and DECOR HOLDINGS INC COMMON STOCK USD.001</title>
        <cusip>339750101</cusip>
        <identifiers>
          <isin value="US3397501012"/>
          <ticker value="FND "/>
        </identifiers>
        <balance>2900</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>284838</valUSD>
        <pctVal>0.2230842521</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>Green Dot Corporation</name>
        <lei>N/A</lei>
        <title>GREEN DOT CORP COMMON STOCK USD.001</title>
        <cusip>39304D102</cusip>
        <identifiers>
          <isin value="US39304D1028"/>
          <ticker value="GDOT "/>
        </identifiers>
        <balance>33143</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>569396.74</valUSD>
        <pctVal>0.4459497887</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>Hannon Armstrong Sustainable Infrastructure Capital Inc.</name>
        <lei>N/A</lei>
        <title>HANNON ARMSTRONG SUSTAINABLE I REIT USD.01</title>
        <cusip>41068X100</cusip>
        <identifiers>
          <isin value="US41068X1000"/>
          <ticker value="HASI "/>
        </identifiers>
        <balance>33795</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>966537</valUSD>
        <pctVal>0.7569888280</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="631788.000000000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>QuidelOrtho Corporation</name>
        <lei>N/A</lei>
        <title>QUIDELORTHO CORP COMMON STOCK USD.001</title>
        <cusip>219798105</cusip>
        <identifiers>
          <isin value="US2197981051"/>
          <ticker value="QDEL US"/>
        </identifiers>
        <balance>10875</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>968853.75</valUSD>
        <pctVal>0.7588032995</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>CrossFirst Bankshares Inc.</name>
        <lei>N/A</lei>
        <title>CROSSFIRST BANKSHARES INC COMMON STOCK USD.01</title>
        <cusip>22766M109</cusip>
        <identifiers>
          <isin value="US22766M1099"/>
          <ticker value="CFB "/>
        </identifiers>
        <balance>40210</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>421400.8</valUSD>
        <pctVal>0.3300398202</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>CubeSmart</name>
        <lei>N/A</lei>
        <title>CUBESMART REIT USD.01</title>
        <cusip>229663109</cusip>
        <identifiers>
          <isin value="US2296631094"/>
          <ticker value="CUBE US"/>
        </identifiers>
        <balance>20500</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>947510</valUSD>
        <pctVal>0.7420869397</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>Dorman Products Inc.</name>
        <lei>N/A</lei>
        <title>DORMAN PRODUCTS INC COMMON STOCK USD.01</title>
        <cusip>258278100</cusip>
        <identifiers>
          <isin value="US2582781009"/>
          <ticker value="DORM "/>
        </identifiers>
        <balance>9094</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>784448.44</valUSD>
        <pctVal>0.6143776236</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>DoubleVerify Holdings Inc.</name>
        <lei>N/A</lei>
        <title>DOUBLEVERIFY HOLDINGS INC COMMON STOCK USD.001</title>
        <cusip>25862V105</cusip>
        <identifiers>
          <isin value="US25862V1052"/>
          <ticker value="DV US"/>
        </identifiers>
        <balance>15900</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>479385</valUSD>
        <pctVal>0.3754528687</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>JBG SMITH Properties</name>
        <lei>N/A</lei>
        <title>JBG SMITH PROPERTIES REIT USD.01</title>
        <cusip>46590V100</cusip>
        <identifiers>
          <isin value="US46590V1008"/>
          <ticker value="JBGS "/>
        </identifiers>
        <balance>49255</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>741780.3</valUSD>
        <pctVal>0.5809600666</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>JELD-WEN Holding Inc.</name>
        <lei>N/A</lei>
        <title>JELD-WEN HOLDING INC COMMON STOCK USD.01</title>
        <cusip>47580P103</cusip>
        <identifiers>
          <isin value="US47580P1030"/>
          <ticker value="JELD "/>
        </identifiers>
        <balance>20710</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>262188.6</valUSD>
        <pctVal>0.2053453112</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>Karuna Therapeutics Inc.</name>
        <lei>N/A</lei>
        <title>KARUNA THERAPEUTICS INC COMMON STOCK</title>
        <cusip>48576A100</cusip>
        <identifiers>
          <isin value="US48576A1007"/>
          <ticker value="KRTX "/>
        </identifiers>
        <balance>3398</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>617212.72</valUSD>
        <pctVal>0.4833991182</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>UFP Industries Inc.</name>
        <lei>5493007KB485C9OV5572</lei>
        <title>UFP INDUSTRIES INC COMMON STOCK</title>
        <cusip>90278Q108</cusip>
        <identifiers>
          <isin value="US90278Q1085"/>
          <ticker value="UFPI "/>
        </identifiers>
        <balance>24672</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1960683.84</valUSD>
        <pctVal>1.5356015984</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>Expro Group Holdings N.V.</name>
        <lei>N/A</lei>
        <title>FRANK S INTERNATIONAL NV COMMON STOCK EUR.01</title>
        <cusip>N3144W105</cusip>
        <identifiers>
          <isin value="NL0010556684"/>
          <ticker value="XPRO US"/>
        </identifiers>
        <balance>26086</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>478938.96</valUSD>
        <pctVal>0.3751035315</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>International Seaways Inc.</name>
        <lei>549300YUFDGFRNGBWF46</lei>
        <title>INTERNATIONAL SEAWAYS INC COMMON STOCK</title>
        <cusip>Y41053102</cusip>
        <identifiers>
          <isin value="MHY410531021"/>
          <ticker value="INSW "/>
        </identifiers>
        <balance>5496</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>229073.28</valUSD>
        <pctVal>0.1794094936</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>Herc Holdings Inc.</name>
        <lei>549300TP80QLITMSBP82</lei>
        <title>HERC HOLDINGS INC COMMON STOCK USD.01</title>
        <cusip>42704L104</cusip>
        <identifiers>
          <isin value="US42704L1044"/>
          <ticker value="HRI "/>
        </identifiers>
        <balance>3300</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>375870</valUSD>
        <pctVal>0.2943802366</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>Hercules Capital Inc.</name>
        <lei>549300UJ5OC256GR2B73</lei>
        <title>HERCULES CAPITAL INC COMMON STOCK USD.001</title>
        <cusip>427096508</cusip>
        <identifiers>
          <isin value="US4270965084"/>
          <ticker value="HTGC "/>
        </identifiers>
        <balance>26248</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>338336.72</valUSD>
        <pctVal>0.2649842863</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="337736.000000000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hibbett Inc.</name>
        <lei>N/A</lei>
        <title>HIBBETT SPORTS INC COMMON STOCK USD.01</title>
        <cusip>428567101</cusip>
        <identifiers>
          <isin value="US4285671016"/>
          <ticker value="HIBB "/>
        </identifiers>
        <balance>6297</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>371397.06</valUSD>
        <pctVal>0.2908770437</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>Home BancShares Inc.</name>
        <lei>N/A</lei>
        <title>HOME BANCSHARES INC/AR COMMON STOCK USD.01</title>
        <cusip>436893200</cusip>
        <identifiers>
          <isin value="US4368932004"/>
          <ticker value="HOMB "/>
        </identifiers>
        <balance>65220</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1415926.2</valUSD>
        <pctVal>1.1089490777</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Houlihan Lokey Inc.</name>
        <lei>549300S3CNGTQ1QZVY46</lei>
        <title>HOULIHAN LOKEY INC COMMON STOCK USD.001</title>
        <cusip>441593100</cusip>
        <identifiers>
          <isin value="US4415931009"/>
          <ticker value="HLI "/>
        </identifiers>
        <balance>13557</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1186101.93</valUSD>
        <pctVal>0.9289514109</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>
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      </invstOrSec>
      <invstOrSec>
        <name>IDACORP Inc.</name>
        <lei>N134NUJDWN8UEFA8B673</lei>
        <title>IDACORP INC COMMON STOCK</title>
        <cusip>451107106</cusip>
        <identifiers>
          <isin value="US4511071064"/>
          <ticker value="IDA "/>
        </identifiers>
        <balance>19801</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2145042.33</valUSD>
        <pctVal>1.6799906050</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Icosavax Inc.</name>
        <lei>N/A</lei>
        <title>ICOSAVAX INC COMMON STOCK USD.0001</title>
        <cusip>45114M109</cusip>
        <identifiers>
          <isin value="US45114M1099"/>
          <ticker value="ICVX US"/>
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        <balance>22952</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>133121.6</valUSD>
        <pctVal>0.1042604308</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="143691.000000000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Independence Realty Trust Inc.</name>
        <lei>N/A</lei>
        <title>INDEPENDENCE REALTY TRUST INC REIT USD.01</title>
        <cusip>45378A106</cusip>
        <identifiers>
          <isin value="US45378A1060"/>
          <ticker value="IRT "/>
        </identifiers>
        <balance>21400</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>343042</valUSD>
        <pctVal>0.2686694472</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>Independent Bank Corp.</name>
        <lei>N/A</lei>
        <title>INDEPENDENT BANK CORP COMMON STOCK USD.01</title>
        <cusip>453836108</cusip>
        <identifiers>
          <isin value="US4538361084"/>
          <ticker value="INDB "/>
        </identifiers>
        <balance>6627</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>434863.74</valUSD>
        <pctVal>0.3405839537</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>Insmed Incorporated</name>
        <lei>N/A</lei>
        <title>INSMED INC COMMON STOCK USD.01</title>
        <cusip>457669307</cusip>
        <identifiers>
          <isin value="US4576693075"/>
          <ticker value="INSM "/>
        </identifiers>
        <balance>31787</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>541968.35</valUSD>
        <pctVal>0.4244679573</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>Ionis Pharmaceuticals Inc.</name>
        <lei>549300SI4ZGLG0BLUZ92</lei>
        <title>IONIS PHARMACEUTICALS INC COMMON STOCK USD.001</title>
        <cusip>462222100</cusip>
        <identifiers>
          <isin value="US4622221004"/>
          <ticker value="IONS "/>
        </identifiers>
        <balance>14869</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>531418.06</valUSD>
        <pctVal>0.4162050024</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>Sprouts Farmers Market Inc.</name>
        <lei>N/A</lei>
        <title>SPROUTS FARMERS MARKET INC COMMON STOCK USD.001</title>
        <cusip>85208M102</cusip>
        <identifiers>
          <isin value="US85208M1027"/>
          <ticker value="SFM "/>
        </identifiers>
        <balance>3700</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>129611</valUSD>
        <pctVal>0.1015109396</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>StepStone Group Inc.</name>
        <lei>N/A</lei>
        <title>STEPSTONE GROUP INC COMMON STOCK USD.001</title>
        <cusip>85914M107</cusip>
        <identifiers>
          <isin value="US85914M1071"/>
          <ticker value="STEP "/>
        </identifiers>
        <balance>10211</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>247820.97</valUSD>
        <pctVal>0.1940926272</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Strategic Education Inc.</name>
        <lei>0PYXF82EO1UCNGL5I740</lei>
        <title>STRATEGIC EDUCATION INC COMMON STOCK USD.01</title>
        <cusip>86272C103</cusip>
        <identifiers>
          <isin value="US86272C1036"/>
          <ticker value="STRA "/>
        </identifiers>
        <balance>18908</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1698505.64</valUSD>
        <pctVal>1.3302644325</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Structure Therapeutics Inc.</name>
        <lei>N/A</lei>
        <title>STRUCTURE THERAPEUTICS INC ADR USD.0001</title>
        <cusip>86366E106</cusip>
        <identifiers>
          <isin value="US86366E1064"/>
          <ticker value="GPCR US"/>
        </identifiers>
        <balance>2025</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>48174.75</valUSD>
        <pctVal>0.0377303171</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Syndax Pharmaceuticals Inc.</name>
        <lei>N/A</lei>
        <title>SYNDAX PHARMACEUTICALS INC COMMON STOCK USD.0001</title>
        <cusip>87164F105</cusip>
        <identifiers>
          <isin value="US87164F1057"/>
          <ticker value="SNDX "/>
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        <balance>13100</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>276672</valUSD>
        <pctVal>0.2166886658</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Terreno Realty Corporation</name>
        <lei>N/A</lei>
        <title>TERRENO REALTY CORP REIT USD.01</title>
        <cusip>88146M101</cusip>
        <identifiers>
          <isin value="US88146M1018"/>
          <ticker value="TRNO "/>
        </identifiers>
        <balance>24203</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1563513.8</valUSD>
        <pctVal>1.2245392355</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Texas Capital Bancshares Inc.</name>
        <lei>549300466Q2SXRX0YM48</lei>
        <title>TEXAS CAPITAL BANCSHARES INC COMMON STOCK USD.01</title>
        <cusip>88224Q107</cusip>
        <identifiers>
          <isin value="US88224Q1076"/>
          <ticker value="TCBI "/>
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        <balance>17077</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>836089.92</valUSD>
        <pctVal>0.6548230731</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Towne Bank</name>
        <lei>N/A</lei>
        <title>TOWNE BANK/PORTSMOUTH VA COMMON STOCK USD1.667</title>
        <cusip>89214P109</cusip>
        <identifiers>
          <isin value="US89214P1093"/>
          <ticker value="TOWN "/>
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        <balance>34864</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>929125.6</valUSD>
        <pctVal>0.7276883337</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Tricon Residential Inc.</name>
        <lei>N/A</lei>
        <title>TRICON RESIDENTIAL INC COMMON STOCK</title>
        <cusip>89612W102</cusip>
        <identifiers>
          <isin value="CA89612W1023"/>
          <ticker value="TCN CN"/>
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        <balance>91888</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>712132</valUSD>
        <pctVal>0.5577396086</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Triumph Group Inc.</name>
        <lei>5493007L6S47Q14SL582</lei>
        <title>TRIUMPH GROUP INC COMMON STOCK USD.001</title>
        <cusip>896818101</cusip>
        <identifiers>
          <isin value="US8968181011"/>
          <ticker value="TGI "/>
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        <balance>76972</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>892105.48</valUSD>
        <pctVal>0.6986942887</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Helios Technologies Inc.</name>
        <lei>N/A</lei>
        <title>HELIOS TECHNOLOGIES INC COMMON STOCK USD.001</title>
        <cusip>42328H109</cusip>
        <identifiers>
          <isin value="US42328H1095"/>
          <ticker value="HLIO "/>
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        <balance>16851</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1102055.4</valUSD>
        <pctVal>0.8631264252</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Academy Sports and Outdoors Inc.</name>
        <lei>N/A</lei>
        <title>ACADEMY SPORTS and OUTDOORS INC COMMON STOCK USD.01</title>
        <cusip>00402L107</cusip>
        <identifiers>
          <isin value="US00402L1070"/>
          <ticker value="ASO US"/>
        </identifiers>
        <balance>10400</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>678600</valUSD>
        <pctVal>0.5314774485</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>Advantage Solutions Inc.</name>
        <lei>N/A</lei>
        <title>CONYERS PARK II ACQUISITION COMMON STOCK USD.0001</title>
        <cusip>00791N102</cusip>
        <identifiers>
          <isin value="US00791N1028"/>
          <ticker value="ADV US"/>
        </identifiers>
        <balance>80296</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>126867.68</valUSD>
        <pctVal>0.0993623797</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>Advantage Solutions Inc.</name>
        <lei>N/A</lei>
        <title>CONYERS PARK II ACQUISITION CALL EXP 28OCT25</title>
        <cusip>00791N110</cusip>
        <identifiers>
          <isin value="US00791N1101"/>
          <ticker value="ADVWW"/>
        </identifiers>
        <balance>4703</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>517.33</valUSD>
        <pctVal>0.0004051713</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>Agiliti Inc.</name>
        <lei>N/A</lei>
        <title>AGILITI INC COMMON STOCK</title>
        <cusip>00848J104</cusip>
        <identifiers>
          <isin value="US00848J1043"/>
          <ticker value="AGTI US"/>
        </identifiers>
        <balance>34795</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>556024.1</valUSD>
        <pctVal>0.4354763778</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>Alamo Group Inc.</name>
        <lei>54930080C93RVZRSDV26</lei>
        <title>ALAMO GROUP INC COMMON STOCK USD.1</title>
        <cusip>011311107</cusip>
        <identifiers>
          <isin value="US0113111076"/>
          <ticker value="ALG "/>
        </identifiers>
        <balance>3702</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>681760.32</valUSD>
        <pctVal>0.5339526015</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>Asbury Automotive Group Inc.</name>
        <lei>549300JH4DTA7U42GL91</lei>
        <title>ASBURY AUTOMOTIVE GROUP INC COMMON STOCK USD.01</title>
        <cusip>043436104</cusip>
        <identifiers>
          <isin value="US0434361046"/>
          <ticker value="ABG "/>
        </identifiers>
        <balance>4000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>840000</valUSD>
        <pctVal>0.6578854359</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>Ascendis Pharma A/S</name>
        <lei>N/A</lei>
        <title>ASCENDIS PHARMA A/S ADR DKK1.0</title>
        <cusip>04351P101</cusip>
        <identifiers>
          <isin value="US04351P1012"/>
          <ticker value="ASND "/>
        </identifiers>
        <balance>5300</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>568266</valUSD>
        <pctVal>0.4450641965</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Atrion Corporation</name>
        <lei>N/A</lei>
        <title>ATRION CORP COMMON STOCK USD.1</title>
        <cusip>049904105</cusip>
        <identifiers>
          <isin value="US0499041053"/>
          <ticker value="ATRI "/>
        </identifiers>
        <balance>1129</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>708910.39</valUSD>
        <pctVal>0.5552164535</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>BankUnited Inc.</name>
        <lei>96OVUWEW5D4YX6PFXD91</lei>
        <title>BANKUNITED INC COMMON STOCK USD.01</title>
        <cusip>06652K103</cusip>
        <identifiers>
          <isin value="US06652K1034"/>
          <ticker value="BKU "/>
        </identifiers>
        <balance>45091</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1018154.78</valUSD>
        <pctVal>0.7974157157</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>Beacon Roofing Supply Inc.</name>
        <lei>549300HDXQWWCBOYXP31</lei>
        <title>BEACON ROOFING SUPPLY INC COMMON STOCK USD.01</title>
        <cusip>073685109</cusip>
        <identifiers>
          <isin value="US0736851090"/>
          <ticker value="BECN "/>
        </identifiers>
        <balance>17801</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1047588.85</valUSD>
        <pctVal>0.8204683895</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Knowles Corporation</name>
        <lei>5493003EO323TDZQU148</lei>
        <title>KNOWLES CORP COMMON STOCK USD.01</title>
        <cusip>49926D109</cusip>
        <identifiers>
          <isin value="US49926D1090"/>
          <ticker value="KN US"/>
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        <balance>24776</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>421192</valUSD>
        <pctVal>0.3298762887</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>Kymera Therapeutics Inc.</name>
        <lei>N/A</lei>
        <title>KYMERA THERAPEUTICS INC COMMON STOCK</title>
        <cusip>501575104</cusip>
        <identifiers>
          <isin value="US5015751044"/>
          <ticker value="KYMR "/>
        </identifiers>
        <balance>14898</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>441427.74</valUSD>
        <pctVal>0.3457248585</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>LCI Industries</name>
        <lei>549300E1B98YNJ1WIQ04</lei>
        <title>LCI INDUSTRIES COMMON STOCK USD.01</title>
        <cusip>50189K103</cusip>
        <identifiers>
          <isin value="US50189K1034"/>
          <ticker value="LCII "/>
        </identifiers>
        <balance>5866</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>644497.42</valUSD>
        <pctVal>0.5047684120</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>Landstar System Inc.</name>
        <lei>N/A</lei>
        <title>LANDSTAR SYSTEM INC COMMON STOCK USD.01</title>
        <cusip>515098101</cusip>
        <identifiers>
          <isin value="US5150981018"/>
          <ticker value="LSTR "/>
        </identifiers>
        <balance>6761</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1211976.86</valUSD>
        <pctVal>0.9492165771</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>Lantheus Holdings Inc.</name>
        <lei>N/A</lei>
        <title>LANTHEUS HOLDINGS INC COMMON STOCK USD.01</title>
        <cusip>516544103</cusip>
        <identifiers>
          <isin value="US5165441032"/>
          <ticker value="LNTH "/>
        </identifiers>
        <balance>5624</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>464317.44</valUSD>
        <pctVal>0.3636520017</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>Lattice Semiconductor Corporation</name>
        <lei>N/A</lei>
        <title>LATTICE SEMICONDUCTOR CORP COMMON STOCK USD.01</title>
        <cusip>518415104</cusip>
        <identifiers>
          <isin value="US5184151042"/>
          <ticker value="LSCC "/>
        </identifiers>
        <balance>5886</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>562113</valUSD>
        <pctVal>0.4402451857</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>Liberty Energy Inc.</name>
        <lei>N/A</lei>
        <title>LIBERTY OILFIELD SERVICES INC COMMON STOCK</title>
        <cusip>53115L104</cusip>
        <identifiers>
          <isin value="US53115L1044"/>
          <ticker value="LBRT "/>
        </identifiers>
        <balance>52068</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>666991.08</valUSD>
        <pctVal>0.5223853778</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Littelfuse Inc.</name>
        <lei>549300MY7HLQFYTPCX75</lei>
        <title>LITTELFUSE INC COMMON STOCK USD.01</title>
        <cusip>537008104</cusip>
        <identifiers>
          <isin value="US5370081045"/>
          <ticker value="LFUS "/>
        </identifiers>
        <balance>5988</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1605322.92</valUSD>
        <pctVal>1.2572840106</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>Live Oak Bancshares Inc.</name>
        <lei>N/A</lei>
        <title>LIVE OAK BANCSHARES INC COMMON STOCK NPV</title>
        <cusip>53803X105</cusip>
        <identifiers>
          <isin value="US53803X1054"/>
          <ticker value="LOB "/>
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        <balance>32317</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>787565.29</valUSD>
        <pctVal>0.6168187311</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>
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      </invstOrSec>
      <invstOrSec>
        <name>MGE Energy Inc.</name>
        <lei>N/A</lei>
        <title>MGE ENERGY INC COMMON STOCK USD1.0</title>
        <cusip>55277P104</cusip>
        <identifiers>
          <isin value="US55277P1049"/>
          <ticker value="MGEE "/>
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        <balance>23053</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1790526.51</valUSD>
        <pctVal>1.4023348970</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>
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      </invstOrSec>
      <invstOrSec>
        <name>MSA Safety Incorporated</name>
        <lei>N/A</lei>
        <title>MSA SAFETY INC COMMON STOCK</title>
        <cusip>553498106</cusip>
        <identifiers>
          <isin value="US5534981064"/>
          <ticker value="MSA "/>
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        <balance>4082</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>544947</valUSD>
        <pctVal>0.4268008269</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>MACOM Technology Solutions Holdings Inc.</name>
        <lei>N/A</lei>
        <title>MACOM TECHNOLOGY SOLUTIONS HOL COMMON STOCK USD.001</title>
        <cusip>55405Y100</cusip>
        <identifiers>
          <isin value="US55405Y1001"/>
          <ticker value="MTSI "/>
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        <balance>2100</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>148764</valUSD>
        <pctVal>0.1165115107</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>MacroGenics Inc.</name>
        <lei>5493001KJQUA83L8MH79</lei>
        <title>MACROGENICS INC COMMON STOCK USD.01</title>
        <cusip>556099109</cusip>
        <identifiers>
          <isin value="US5560991094"/>
          <ticker value="MGNX "/>
        </identifiers>
        <balance>28651</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>205427.67</valUSD>
        <pctVal>0.1608903241</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Steven Madden Ltd.</name>
        <lei>549300Z9GZ7GYJWSGF43</lei>
        <title>STEVEN MADDEN LTD COMMON STOCK USD.0001</title>
        <cusip>556269108</cusip>
        <identifiers>
          <isin value="US5562691080"/>
          <ticker value="SHOO "/>
        </identifiers>
        <balance>27544</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>991584</valUSD>
        <pctVal>0.7766055619</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 and Gas Corporation</name>
        <lei>N/A</lei>
        <title>MAGNOLIA OIL and GAS CORP COMMON STOCK USD.0001</title>
        <cusip>559663109</cusip>
        <identifiers>
          <isin value="US5596631094"/>
          <ticker value="MGY "/>
        </identifiers>
        <balance>63396</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1387104.48</valUSD>
        <pctVal>1.0863759945</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>Marriott Vacations Worldwide Corporation</name>
        <lei>549300WA6BT5H4F7IO94</lei>
        <title>MARRIOTT VACATIONS WORLDWIDE C COMMON STOCK USD.01</title>
        <cusip>57164Y107</cusip>
        <identifiers>
          <isin value="US57164Y1073"/>
          <ticker value="VAC "/>
        </identifiers>
        <balance>5788</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>780569.68</valUSD>
        <pctVal>0.6113397907</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>Matador Resources Company</name>
        <lei>N/A</lei>
        <title>MATADOR RESOURCES CO COMMON STOCK USD.01</title>
        <cusip>576485205</cusip>
        <identifiers>
          <isin value="US5764852050"/>
          <ticker value="MTDR "/>
        </identifiers>
        <balance>36079</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1719164.35</valUSD>
        <pctVal>1.3464442711</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>MaxLinear Inc.</name>
        <lei>549300EMOI0SM2IY4F64</lei>
        <title>MAXLINEAR INC COMMON STOCK</title>
        <cusip>57776J100</cusip>
        <identifiers>
          <isin value="US57776J1007"/>
          <ticker value="MXL "/>
        </identifiers>
        <balance>6414</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>225836.94</valUSD>
        <pctVal>0.1768748020</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>McGrath RentCorp</name>
        <lei>N/A</lei>
        <title>MCGRATH RENTCORP COMMON STOCK</title>
        <cusip>580589109</cusip>
        <identifiers>
          <isin value="US5805891091"/>
          <ticker value="MGRC "/>
        </identifiers>
        <balance>8951</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>835217.81</valUSD>
        <pctVal>0.6541400393</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>PennyMac Financial Services Inc.</name>
        <lei>N/A</lei>
        <title>PENNYMAC FINANCIAL SERVICES IN COMMON STOCK USD.0001</title>
        <cusip>70932M107</cusip>
        <identifiers>
          <isin value="US70932M1071"/>
          <ticker value="PFSI "/>
        </identifiers>
        <balance>25146</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1498953.06</valUSD>
        <pctVal>1.1739754610</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>Petco Health and Wellness Company Inc.</name>
        <lei>N/A</lei>
        <title>PETCO HEALTH and WELLNESS CO INC COMMON STOCK USD.001</title>
        <cusip>71601V105</cusip>
        <identifiers>
          <isin value="US71601V1052"/>
          <ticker value="WOOF US"/>
        </identifiers>
        <balance>40090</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>360810</valUSD>
        <pctVal>0.2825852906</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>Phreesia Inc.</name>
        <lei>N/A</lei>
        <title>PHREESIA INC COMMON STOCK USD.001</title>
        <cusip>71944F106</cusip>
        <identifiers>
          <isin value="US71944F1066"/>
          <ticker value="PHR "/>
        </identifiers>
        <balance>25059</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>809155.11</valUSD>
        <pctVal>0.6337278122</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>Pinnacle Financial Partners Inc.</name>
        <lei>54930098EZ8JMSAZGS24</lei>
        <title>PINNACLE FINANCIAL PARTNERS IN COMMON STOCK USD1.0</title>
        <cusip>72346Q104</cusip>
        <identifiers>
          <isin value="US72346Q1040"/>
          <ticker value="PNFP "/>
        </identifiers>
        <balance>25314</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1396320.24</valUSD>
        <pctVal>1.0935937496</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>Pool Corporation</name>
        <lei>5493005VZK1KMN6CO617</lei>
        <title>POOL CORP COMMON STOCK USD.001</title>
        <cusip>73278L105</cusip>
        <identifiers>
          <isin value="US73278L1052"/>
          <ticker value="POOL "/>
        </identifiers>
        <balance>824</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>282170.56</valUSD>
        <pctVal>0.2209951213</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>Popular Inc.</name>
        <lei>N/A</lei>
        <title>POPULAR INC COMMON STOCK USD.01</title>
        <cusip>733174700</cusip>
        <identifiers>
          <isin value="PR7331747001"/>
          <ticker value="BPOP "/>
        </identifiers>
        <balance>20262</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1163241.42</valUSD>
        <pctVal>0.9110471293</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Post Holdings Inc.</name>
        <lei>JM1I5YUAURL6DC8N1468</lei>
        <title>POST HOLDINGS INC COMMON STOCK USD.01</title>
        <cusip>737446104</cusip>
        <identifiers>
          <isin value="US7374461041"/>
          <ticker value="POST "/>
        </identifiers>
        <balance>7446</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>669172.02</valUSD>
        <pctVal>0.5240934834</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>JH COLLATERAL</name>
        <lei>N/A</lei>
        <title>JH COLLATERAL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Custodian Identifier" value="926EMC902"/>
        </identifiers>
        <balance>190640.73</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1905816.26</valUSD>
        <pctVal>1.4926294772</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <cashCollateralCondition cashCollateralVal="1905816.260000000000" isCashCollateral="Y"/>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HarborOne Bancorp Inc.</name>
        <lei>N/A</lei>
        <title>HARBORONE BANCORP INC COMMON STOCK USD.01</title>
        <cusip>41165Y100</cusip>
        <identifiers>
          <isin value="US41165Y1001"/>
          <ticker value="HONE "/>
        </identifiers>
        <balance>46891</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>572070.2</valUSD>
        <pctVal>0.4480436344</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>NerdWallet Inc.</name>
        <lei>N/A</lei>
        <title>NERDWALLET INC COMMON STOCK USD.0001</title>
        <cusip>64082B102</cusip>
        <identifiers>
          <isin value="US64082B1026"/>
          <ticker value="NRDS US"/>
        </identifiers>
        <balance>20915</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>338404.7</valUSD>
        <pctVal>0.2650375280</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="339273.000000000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Netstreit Corp.</name>
        <lei>N/A</lei>
        <title>NETSTREIT CORP COMMON STOCK USD.01</title>
        <cusip>64119V303</cusip>
        <identifiers>
          <isin value="US64119V3033"/>
          <ticker value="NTST "/>
        </identifiers>
        <balance>12600</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>230328</valUSD>
        <pctVal>0.1803921865</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>The New York Times Company</name>
        <lei>N/A</lei>
        <title>NEW YORK TIMES CO/THE COMMON STOCK USD.1</title>
        <cusip>650111107</cusip>
        <identifiers>
          <isin value="US6501111073"/>
          <ticker value="NYT "/>
        </identifiers>
        <balance>9700</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>377136</valUSD>
        <pctVal>0.2953717640</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>NexPoint Residential Trust Inc.</name>
        <lei>549300U2J6XVYBF87166</lei>
        <title>NEXPOINT RESIDENTIAL TRUST INC REIT USD.01</title>
        <cusip>65341D102</cusip>
        <identifiers>
          <isin value="US65341D1028"/>
          <ticker value="NXRT "/>
        </identifiers>
        <balance>7684</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>335560.28</valUSD>
        <pctVal>0.2628097870</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>Nkarta Inc.</name>
        <lei>N/A</lei>
        <title>NKARTA INC COMMON STOCK</title>
        <cusip>65487U108</cusip>
        <identifiers>
          <isin value="US65487U1088"/>
          <ticker value="NKTX "/>
        </identifiers>
        <balance>27412</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>97312.6</valUSD>
        <pctVal>0.0762149313</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>Quaker Chemical Corporation</name>
        <lei>549300PJQ1R3WCWCPS54</lei>
        <title>QUAKER CHEMICAL CORP COMMON STOCK USD1.0</title>
        <cusip>747316107</cusip>
        <identifiers>
          <isin value="US7473161070"/>
          <ticker value="KWR "/>
        </identifiers>
        <balance>4452</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>881273.4</valUSD>
        <pctVal>0.6902106368</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>Radian Group Inc.</name>
        <lei>54930005OUP720S5U385</lei>
        <title>RADIAN GROUP INC COMMON STOCK USD.001</title>
        <cusip>750236101</cusip>
        <identifiers>
          <isin value="US7502361014"/>
          <ticker value="RDN "/>
        </identifiers>
        <balance>58690</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1297049</valUSD>
        <pctVal>1.0158448175</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>Range Resources Corporation</name>
        <lei>H3Y3WLYCX0BTO1TRW162</lei>
        <title>RANGE RESOURCES CORP COMMON STOCK USD.01</title>
        <cusip>75281A109</cusip>
        <identifiers>
          <isin value="US75281A1097"/>
          <ticker value="RRC "/>
        </identifiers>
        <balance>8200</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>217054</valUSD>
        <pctVal>0.1699960302</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>RBC Bearings Incorporated</name>
        <lei>N/A</lei>
        <title>RBC BEARINGS INC COMMON STOCK USD.01</title>
        <cusip>75524B104</cusip>
        <identifiers>
          <isin value="US75524B1044"/>
          <ticker value="ROLL "/>
        </identifiers>
        <balance>3085</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>717972.05</valUSD>
        <pctVal>0.5623135179</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>Reliance Steel and Aluminum Co.</name>
        <lei>549300E287ZOFT3C5Z56</lei>
        <title>RELIANCE STEEL and ALUMINUM CO COMMON STOCK</title>
        <cusip>759509102</cusip>
        <identifiers>
          <isin value="US7595091023"/>
          <ticker value="RS "/>
        </identifiers>
        <balance>4586</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1177409.64</valUSD>
        <pctVal>0.9221436360</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>ROWE T PRICE GOV RES FD 20340919 00000.0000000000</name>
        <lei>N/A</lei>
        <title>ROWE T PRICE GOV RES FD 20340919 00000.0000000000</title>
        <cusip>76105Y109</cusip>
        <identifiers>
          <isin value="US76105Y1091"/>
          <ticker value="76105Y109010"/>
        </identifiers>
        <balance>2787160.98</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2787160.98</valUSD>
        <pctVal>2.1828959716</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ryan Specialty Holdings Inc.</name>
        <lei>N/A</lei>
        <title>RYAN SPECIALTY GROUP HOLDINGS COMMON STOCK USD.001</title>
        <cusip>78351F107</cusip>
        <identifiers>
          <isin value="US78351F1075"/>
          <ticker value="RYAN US"/>
        </identifiers>
        <balance>17837</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>717760.88</valUSD>
        <pctVal>0.5621481302</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>State Street Bank and Trust Company</name>
        <lei>571474TGEMMWANRLN572</lei>
        <title>SSC GOVERNMENT MM GVMXX</title>
        <cusip>7839989D1</cusip>
        <identifiers>
          <ticker value="7839989D1010"/>
        </identifiers>
        <balance>500310.95</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>500310.95</valUSD>
        <pctVal>0.3918420088</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</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="Returns are reported without deduction of sales loads and redemption fees, if applicable." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2023-04-28</ncom:dateSigned>
      <ncom:nameOfApplicant>John Hancock Variable Insurance Trust</ncom:nameOfApplicant>
      <ncom:signature>/s/Salvatore Schiavone</ncom:signature>
      <ncom:signerName>Salvatore Schiavone</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
