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        <lei>529900E4L9R04SB8HB11</lei>
        <title>Ashland Global Holdings, Inc.</title>
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          <isin value="US0441861046"/>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Park Hotels &amp; Resorts, Inc.</name>
        <lei>5493005UZ5TQN0H6HS73</lei>
        <title>Park Hotels &amp; Resorts, Inc.</title>
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          <isin value="US7005171050"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Garrett Motion, Inc.</name>
        <lei>549300LS5WT7EMBNV724</lei>
        <title>Garrett Motion, Inc.</title>
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          <isin value="US3665051054"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Integer Holdings Corp.</name>
        <lei>549300SUD2ED5XG6X569</lei>
        <title>Integer Holdings Corp.</title>
        <cusip>45826H109</cusip>
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          <isin value="US45826H1095"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Louisiana-Pacific Corp.</name>
        <lei>549300C7E2UAO5BVRR75</lei>
        <title>Louisiana-Pacific Corp.</title>
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          <isin value="US5463471053"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>QEP Resources, Inc.</name>
        <lei>Q6JQDZPXKEDQKVK58165</lei>
        <title>QEP Resources, Inc.</title>
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          <isin value="US74733V1008"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WW International, Inc.</name>
        <lei>SGT8R1MU6ESIC7UJC518</lei>
        <title>WW International, Inc.</title>
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          <isin value="US98262P1012"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>American Equity Investment Life Holding Co.</name>
        <lei>549300RK5RZQ740FPL83</lei>
        <title>American Equity Investment Life Holding Co.</title>
        <cusip>025676206</cusip>
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          <isin value="US0256762065"/>
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        <balance>29000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>INTL. FCStone, Inc.</name>
        <lei>549300JUF07L8VF02M60</lei>
        <title>INTL. FCStone, Inc.</title>
        <cusip>46116V105</cusip>
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          <isin value="US46116V1052"/>
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        <valUSD>258799.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Curtiss-Wright Corp.</name>
        <lei>TEL51ETZWP7D0ZM4X325</lei>
        <title>Curtiss-Wright Corp.</title>
        <cusip>231561101</cusip>
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          <isin value="US2315611010"/>
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        <curCd>USD</curCd>
        <valUSD>4480302.00000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Pilgrim's Pride Corp.</name>
        <lei>549300ZSLGV64ZL3HD75</lei>
        <title>Pilgrim's Pride Corp.</title>
        <cusip>72147K108</cusip>
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          <isin value="US72147K1088"/>
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        <balance>19700.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Universal Electronics, Inc.</name>
        <lei>549300ZW9EULAR7T6F89</lei>
        <title>Universal Electronics, Inc.</title>
        <cusip>913483103</cusip>
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          <isin value="US9134831034"/>
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        <balance>4800.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>250848.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PennyMac Mortgage Investment Trust</name>
        <lei>549300BSSOQO1ZWDUJ97</lei>
        <title>PennyMac Mortgage Investment Trust</title>
        <cusip>70931T103</cusip>
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          <isin value="US70931T1034"/>
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        <balance>26400.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>588456.00000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Synovus Financial Corp.</name>
        <lei>549300EIUS8UN5JTLE54</lei>
        <title>Synovus Financial Corp.</title>
        <cusip>87161C501</cusip>
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          <isin value="US87161C5013"/>
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        <balance>54314.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Aqua America, Inc.</name>
        <lei>549300ILTEOF3E3QY357</lei>
        <title>Aqua America, Inc.</title>
        <cusip>03836W103</cusip>
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          <isin value="US03836W1036"/>
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        <balance>3600.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Navient Corp.</name>
        <lei>54930067J0ZNOEBRW338</lei>
        <title>Navient Corp.</title>
        <cusip>63938C108</cusip>
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          <isin value="US63938C1080"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Lumentum Holdings, Inc.</name>
        <lei>549300JLWRRC38DWEF52</lei>
        <title>Lumentum Holdings, Inc.</title>
        <cusip>55024U109</cusip>
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          <isin value="US55024U1097"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Hawkins, Inc.</name>
        <lei>549300VL3IJ23OWX1Y34</lei>
        <title>Hawkins, Inc.</title>
        <cusip>420261109</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>AECOM</name>
        <lei>0EEB8GF0W0NPCIHZX097</lei>
        <title>AECOM</title>
        <cusip>00766T100</cusip>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>American Eagle Outfitters, Inc.</name>
        <lei>5299001Z9HXK01DHW793</lei>
        <title>American Eagle Outfitters, Inc.</title>
        <cusip>02553E106</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Regal Beloit Corp.</name>
        <lei>QH78R09VCJGQKPBPYU33</lei>
        <title>Regal Beloit Corp.</title>
        <cusip>758750103</cusip>
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          <isin value="US7587501039"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Transocean Ltd.</name>
        <lei>529900QO4W5DQGBGEF32</lei>
        <title>Transocean Ltd.</title>
        <cusip>N/A</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>CH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>STERIS plc</name>
        <lei>N/A</lei>
        <title>STERIS plc</title>
        <cusip>N/A</cusip>
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        <balance>28400.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Silgan Holdings, Inc.</name>
        <lei>KAF673KJXD92C8KSLU49</lei>
        <title>Silgan Holdings, Inc.</title>
        <cusip>827048109</cusip>
        <identifiers>
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        <balance>72000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2237760.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Service Corp. International</name>
        <lei>549300RKVM2ME20JHZ15</lei>
        <title>Service Corp. International</title>
        <cusip>817565104</cusip>
        <identifiers>
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        <name>CareTrust REIT, Inc.</name>
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        <name>Onto Innovation, Inc.</name>
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        <name>Hawaiian Electric Industries, Inc.</name>
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        <name>Four Corners Property Trust, Inc.</name>
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        <name>Opus Bank</name>
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        <name>BancorpSouth Bank</name>
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        <name>Eagle Pharmaceuticals, Inc.</name>
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        <name>FactSet Research Systems, Inc.</name>
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        <name>Bottomline Technologies DE, Inc.</name>
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        <name>Goodyear Tire &amp; Rubber Co. (The)</name>
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        <name>Gentex Corp.</name>
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        <name>Gulfport Energy Corp.</name>
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        <name>Polaris, Inc.</name>
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        <name>Callon Petroleum Co.</name>
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        <name>Clean Harbors, Inc.</name>
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        <name>Amedisys, Inc.</name>
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        <name>QuinStreet, Inc.</name>
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        <name>Littelfuse, Inc.</name>
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        <name>Sanmina Corp.</name>
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        <name>ScanSource, Inc.</name>
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        <name>Getty Realty Corp.</name>
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        <name>Douglas Emmett, Inc.</name>
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        <name>Sabre Corp.</name>
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        <title>Sabre Corp.</title>
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        <name>Medical Properties Trust, Inc.</name>
        <lei>254900U6E39J1MQCCY14</lei>
        <title>Medical Properties Trust, Inc.</title>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Albany International Corp.</name>
        <lei>L73WCPNCZIRSQGZTW097</lei>
        <title>Albany International Corp., Class A</title>
        <cusip>012348108</cusip>
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          <isin value="US0123481089"/>
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        <balance>9300.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>706056.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Summit Hotel Properties, Inc.</name>
        <lei>N/A</lei>
        <title>Summit Hotel Properties, Inc.</title>
        <cusip>866082100</cusip>
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          <isin value="US8660821005"/>
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        <balance>34800.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>429432.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Kelly Services, Inc.</name>
        <lei>N/A</lei>
        <title>Kelly Services, Inc., Class A</title>
        <cusip>488152208</cusip>
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          <isin value="US4881522084"/>
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        <balance>83000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1874140.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="336730"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Big Lots, Inc.</name>
        <lei>N/A</lei>
        <title>Big Lots, Inc.</title>
        <cusip>089302103</cusip>
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          <isin value="US0893021032"/>
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        <balance>18222.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>523335.84000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="420400.68"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Anixter International, Inc.</name>
        <lei>529900ZMALH8DA7UJT76</lei>
        <title>Anixter International, Inc.</title>
        <cusip>035290105</cusip>
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          <isin value="US0352901054"/>
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        <balance>9700.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>893370.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>American Public Education, Inc.</name>
        <lei>N/A</lei>
        <title>American Public Education, Inc.</title>
        <cusip>02913V103</cusip>
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          <isin value="US02913V1035"/>
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        <balance>26600.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>728574.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Matson, Inc.</name>
        <lei>549300OI5H3Y0I9I4I12</lei>
        <title>Matson, Inc.</title>
        <cusip>57686G105</cusip>
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          <isin value="US57686G1058"/>
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        <balance>15000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>612000.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Herman Miller, Inc.</name>
        <lei>U98HXD3PNK7HYU2MU887</lei>
        <title>Herman Miller, Inc.</title>
        <cusip>600544100</cusip>
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          <isin value="US6005441000"/>
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        <balance>32563.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1356248.95000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Children's Place, Inc. (The)</name>
        <lei>549300BGVK2OO5O7TC19</lei>
        <title>Children's Place, Inc. (The)</title>
        <cusip>168905107</cusip>
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          <isin value="US1689051076"/>
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        <balance>5935.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>371056.20000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="291859.55999999"/>
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      <invstOrSec>
        <name>Sonoco Products Co.</name>
        <lei>GKOMIK4RDJGHEF0VNP11</lei>
        <title>Sonoco Products Co.</title>
        <cusip>835495102</cusip>
        <identifiers>
          <isin value="US8354951027"/>
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        <balance>19595.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1209403.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="308550"/>
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      <invstOrSec>
        <name>Applied Industrial Technologies, Inc.</name>
        <lei>549300NU173IJRC6PO38</lei>
        <title>Applied Industrial Technologies, Inc.</title>
        <cusip>03820C105</cusip>
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          <isin value="US03820C1053"/>
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        <balance>12900.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>860301.00000000</valUSD>
        <pctVal>0.090640940548</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>Bank OZK</name>
        <lei>549300VYK2WBD7SST478</lei>
        <title>Bank OZK</title>
        <cusip>06417N103</cusip>
        <identifiers>
          <isin value="US06417N1037"/>
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        <balance>40730.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1242468.65000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="97408"/>
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      <invstOrSec>
        <name>Allegiant Travel Co.</name>
        <lei>549300JM9OZXOHWL2K18</lei>
        <title>Allegiant Travel Co.</title>
        <cusip>01748X102</cusip>
        <identifiers>
          <isin value="US01748X1028"/>
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        <balance>4100.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>713564.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Zebra Technologies Corp.</name>
        <lei>PO0I32GKZ3HZMMDPZZ08</lei>
        <title>Zebra Technologies Corp., Class A</title>
        <cusip>989207105</cusip>
        <identifiers>
          <isin value="US9892071054"/>
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        <balance>18400.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4700096.00000000</valUSD>
        <pctVal>0.495200077770</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Universal Corp.</name>
        <lei>549300BZXZ66F6DTIF20</lei>
        <title>Universal Corp.</title>
        <cusip>913456109</cusip>
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          <isin value="US9134561094"/>
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        <balance>8900.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>507834.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Weingarten Realty Investors</name>
        <lei>549300JMKTJNB8GWHU88</lei>
        <title>Weingarten Realty Investors</title>
        <cusip>948741103</cusip>
        <identifiers>
          <isin value="US9487411038"/>
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        <balance>59370.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1854718.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Teledyne Technologies, Inc.</name>
        <lei>549300VSMO9KYQWDND94</lei>
        <title>Teledyne Technologies, Inc.</title>
        <cusip>879360105</cusip>
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          <isin value="US8793601050"/>
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        <balance>11900.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4123826.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Terex Corp.</name>
        <lei>YAWJZJYEQ7M1SYMOS462</lei>
        <title>Terex Corp.</title>
        <cusip>880779103</cusip>
        <identifiers>
          <isin value="US8807791038"/>
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        <balance>58875.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1753297.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Reliance Steel &amp; Aluminum Co.</name>
        <lei>549300E287ZOFT3C5Z56</lei>
        <title>Reliance Steel &amp; Aluminum Co.</title>
        <cusip>759509102</cusip>
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          <isin value="US7595091023"/>
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        <balance>46087.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5519379.12000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>First BanCorp</name>
        <lei>N/A</lei>
        <title>First BanCorp</title>
        <cusip>318672706</cusip>
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          <isin value="PR3186727065"/>
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        <balance>241700.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2559603.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WEX, Inc.</name>
        <lei>T9M5IGROL1TL1G5OV478</lei>
        <title>WEX, Inc.</title>
        <cusip>96208T104</cusip>
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          <isin value="US96208T1043"/>
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        <balance>13700.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2869602.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Easterly Government Properties, Inc.</name>
        <lei>549300ERMCEFC6S8HL77</lei>
        <title>Easterly Government Properties, Inc.</title>
        <cusip>27616P103</cusip>
        <identifiers>
          <isin value="US27616P1030"/>
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        <balance>23200.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>550536.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Valmont Industries, Inc.</name>
        <lei>5493009ZGZJJ8F77JN08</lei>
        <title>Valmont Industries, Inc.</title>
        <cusip>920253101</cusip>
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          <isin value="US9202531011"/>
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        <balance>7000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1048460.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>DXP Enterprises, Inc.</name>
        <lei>N/A</lei>
        <title>DXP Enterprises, Inc.</title>
        <cusip>233377407</cusip>
        <identifiers>
          <isin value="US2333774071"/>
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        <balance>4200.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>167202.00000000</valUSD>
        <pctVal>0.017616330262</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fulton Financial Corp.</name>
        <lei>5493005QLZ6O1BNC0C11</lei>
        <title>Fulton Financial Corp.</title>
        <cusip>360271100</cusip>
        <identifiers>
          <isin value="US3602711000"/>
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        <balance>66236.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1154493.48000000</valUSD>
        <pctVal>0.121636932752</pctVal>
        <payoffProfile>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="702800"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Apogee Enterprises, Inc.</name>
        <lei>549300579S7QW8V4IJ60</lei>
        <title>Apogee Enterprises, Inc.</title>
        <cusip>037598109</cusip>
        <identifiers>
          <isin value="US0375981091"/>
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        <balance>9200.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>299000.00000000</valUSD>
        <pctVal>0.031502510428</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>Catalent, Inc.</name>
        <lei>N/A</lei>
        <title>Catalent, Inc.</title>
        <cusip>148806102</cusip>
        <identifiers>
          <isin value="US1488061029"/>
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        <balance>69700.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3924110.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>World Wrestling Entertainment, Inc.</name>
        <lei>549300WZVLSCS3L4L698</lei>
        <title>World Wrestling Entertainment, Inc., Class A</title>
        <cusip>98156Q108</cusip>
        <identifiers>
          <isin value="US98156Q1085"/>
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        <balance>13400.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>869258.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="340154"/>
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      </invstOrSec>
      <invstOrSec>
        <name>MSA Safety, Inc.</name>
        <lei>529900DVA3258XK11O39</lei>
        <title>MSA Safety, Inc.</title>
        <cusip>553498106</cusip>
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          <isin value="US5534981064"/>
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        <balance>9900.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1250964.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Seneca Foods Corp.</name>
        <lei>N/A</lei>
        <title>Seneca Foods Corp., Class A</title>
        <cusip>817070501</cusip>
        <identifiers>
          <isin value="US8170705011"/>
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        <balance>9748.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>397620.92000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>HealthEquity, Inc.</name>
        <lei>529900LRJU1RAFQHM467</lei>
        <title>HealthEquity, Inc.</title>
        <cusip>42226A107</cusip>
        <identifiers>
          <isin value="US42226A1079"/>
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        <balance>14500.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1074015.00000000</valUSD>
        <pctVal>0.113157754974</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>Tivity Health, Inc.</name>
        <lei>U5UKZMHGMOP0CPFG4B24</lei>
        <title>Tivity Health, Inc.</title>
        <cusip>88870R102</cusip>
        <identifiers>
          <isin value="US88870R1023"/>
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        <balance>97900.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1991775.50000000</valUSD>
        <pctVal>0.209852603542</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>Endo International plc</name>
        <lei>5493007TBMWZWGZIB256</lei>
        <title>Endo International plc</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IE00BJ3V9050"/>
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        <balance>375200.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1759688.00000000</valUSD>
        <pctVal>0.185399965118</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="336528"/>
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      <invstOrSec>
        <name>NuVasive, Inc.</name>
        <lei>549300C5ZB4NZ6TWM881</lei>
        <title>NuVasive, Inc.</title>
        <cusip>670704105</cusip>
        <identifiers>
          <isin value="US6707041058"/>
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        <balance>15800.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1221972.00000000</valUSD>
        <pctVal>0.128746440377</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>OSI Systems, Inc.</name>
        <lei>DDX3MPX1Y8YD30050X33</lei>
        <title>OSI Systems, Inc.</title>
        <cusip>671044105</cusip>
        <identifiers>
          <isin value="US6710441055"/>
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        <balance>5700.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>574218.00000000</valUSD>
        <pctVal>0.060499359642</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>SunCoke Energy, Inc.</name>
        <lei>1KF1J2NXQE2PI0QOB943</lei>
        <title>SunCoke Energy, Inc.</title>
        <cusip>86722A103</cusip>
        <identifiers>
          <isin value="US86722A1034"/>
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        <balance>21600.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>134568.00000000</valUSD>
        <pctVal>0.014178026164</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>Par Pacific Holdings, Inc.</name>
        <lei>549300BTNS7MHSHRLR55</lei>
        <title>Par Pacific Holdings, Inc.</title>
        <cusip>69888T207</cusip>
        <identifiers>
          <isin value="US69888T2078"/>
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        <balance>95000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2207800.00000000</valUSD>
        <pctVal>0.232612851248</pctVal>
        <payoffProfile>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="866985.5"/>
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      <invstOrSec>
        <name>Barnes Group, Inc.</name>
        <lei>G1MSYD2DQZX30V5DMX12</lei>
        <title>Barnes Group, Inc.</title>
        <cusip>067806109</cusip>
        <identifiers>
          <isin value="US0678061096"/>
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        <balance>16113.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>998361.48000000</valUSD>
        <pctVal>0.105186932892</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>nVent Electric plc</name>
        <lei>N/A</lei>
        <title>nVent Electric plc</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IE00BDVJJQ56"/>
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        <balance>55200.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1412016.00000000</valUSD>
        <pctVal>0.148769393861</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Cross Country Healthcare, Inc.</name>
        <lei>54930037L0NBIPZ5S663</lei>
        <title>Cross Country Healthcare, Inc.</title>
        <cusip>227483104</cusip>
        <identifiers>
          <isin value="US2274831047"/>
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        <balance>82800.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>962136.00000000</valUSD>
        <pctVal>0.101370232017</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>American Axle &amp; Manufacturing Holdings, Inc.</name>
        <lei>N/A</lei>
        <title>American Axle &amp; Manufacturing Holdings, Inc.</title>
        <cusip>024061103</cusip>
        <identifiers>
          <isin value="US0240611030"/>
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        <balance>46000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>494960.00000000</valUSD>
        <pctVal>0.052148771108</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>Dine Brands Global, Inc.</name>
        <lei>529900HKM8OWSHLKJY75</lei>
        <title>Dine Brands Global, Inc.</title>
        <cusip>254423106</cusip>
        <identifiers>
          <isin value="US2544231069"/>
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        <balance>5800.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>484416.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="281161.19999999"/>
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      <invstOrSec>
        <name>Digi International, Inc.</name>
        <lei>529900KG656HGROI4N27</lei>
        <title>Digi International, Inc.</title>
        <cusip>253798102</cusip>
        <identifiers>
          <isin value="US2537981027"/>
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        <balance>44300.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>784996.00000000</valUSD>
        <pctVal>0.082706838381</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>Spok Holdings, Inc.</name>
        <lei>549300HXXANIVN2ICC89</lei>
        <title>Spok Holdings, Inc.</title>
        <cusip>84863T106</cusip>
        <identifiers>
          <isin value="US84863T1060"/>
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        <balance>28500.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>348555.00000000</valUSD>
        <pctVal>0.036723603753</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>Acorda Therapeutics, Inc.</name>
        <lei>5493007NPB5YRM8QGL53</lei>
        <title>Acorda Therapeutics, Inc.</title>
        <cusip>00484M106</cusip>
        <identifiers>
          <isin value="US00484M1062"/>
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        <balance>44500.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>90780.00000000</valUSD>
        <pctVal>0.009564541460</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>Enova International, Inc.</name>
        <lei>549300O8XOCQSB49UO63</lei>
        <title>Enova International, Inc.</title>
        <cusip>29357K103</cusip>
        <identifiers>
          <isin value="US29357K1034"/>
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        <balance>11400.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>274284.00000000</valUSD>
        <pctVal>0.028898443378</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>Fair Isaac Corp.</name>
        <lei>RI6HET5SJUEY30V1PS26</lei>
        <title>Fair Isaac Corp.</title>
        <cusip>303250104</cusip>
        <identifiers>
          <isin value="US3032501047"/>
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        <balance>10055.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3767407.40000000</valUSD>
        <pctVal>0.396932411055</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>Era Group, Inc.</name>
        <lei>5493005Q24EN3UC1PV68</lei>
        <title>Era Group, Inc.</title>
        <cusip>26885G109</cusip>
        <identifiers>
          <isin value="US26885G1094"/>
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        <balance>28500.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>289845.00000000</valUSD>
        <pctVal>0.030537943595</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Medifast, Inc.</name>
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      <invstOrSec>
        <name>Masimo Corp.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Nu Skin Enterprises, Inc.</name>
        <lei>54930050DETB6CP71D38</lei>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Hibbett Sports, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ICU Medical, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>TopBuild Corp.</name>
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        <title>TopBuild Corp.</title>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Lithia Motors, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>N/A</name>
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          <other otherDesc="Inhouse Sedol" value="RTYH0ID"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Trimble, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Kraton Corp.</name>
        <lei>N/A</lei>
        <title>Kraton Corp.</title>
        <cusip>50077C106</cusip>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Tech Data Corp.</name>
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        <title>Tech Data Corp.</title>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>AptarGroup, Inc.</name>
        <lei>VNPEQDQFAA7IY1T2PX43</lei>
        <title>AptarGroup, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>United Natural Foods, Inc.</name>
        <lei>549300GKGW6WPZ282D40</lei>
        <title>United Natural Foods, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Cooper Tire &amp; Rubber Co.</name>
        <lei>DE46ECQ8KH195MRIQN56</lei>
        <title>Cooper Tire &amp; Rubber Co.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Triumph Group, Inc.</name>
        <lei>5493007L6S47Q14SL582</lei>
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        <name>Archrock, Inc.</name>
        <lei>549300K3RIHMHDVFTL28</lei>
        <title>Archrock, Inc.</title>
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        <name>SRC Energy, Inc.</name>
        <lei>549300RFZV39PJ73PH67</lei>
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        <name>Itron, Inc.</name>
        <lei>24F6LSZD18II6ICG6S41</lei>
        <title>Itron, Inc.</title>
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      <invstOrSec>
        <name>NCR Corp.</name>
        <lei>549300YKTY8JX1DV2R67</lei>
        <title>NCR Corp.</title>
        <cusip>62886E108</cusip>
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        <name>Darling Ingredients, Inc.</name>
        <lei>L1N0SPPKS7EXZYUMZ898</lei>
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        <name>Six Flags Entertainment Corp.</name>
        <lei>549300JYTDUAA4JQ3717</lei>
        <title>Six Flags Entertainment Corp.</title>
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        <name>Carlisle Cos., Inc.</name>
        <lei>XR64VGX1ZPX6G7ZN7Z11</lei>
        <title>Carlisle Cos., Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>UMB Financial Corp.</name>
        <lei>549300MGEH3N3CUCV828</lei>
        <title>UMB Financial Corp.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Kulicke &amp; Soffa Industries, Inc.</name>
        <lei>529900H6BEIRBF429744</lei>
        <title>Kulicke &amp; Soffa Industries, Inc.</title>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Belden, Inc.</name>
        <lei>68BKYO1JC791TTJHUE82</lei>
        <title>Belden, Inc.</title>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>G-III Apparel Group Ltd.</name>
        <lei>529900O5KABM3R3SFM87</lei>
        <title>G-III Apparel Group Ltd.</title>
        <cusip>36237H101</cusip>
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          <isin value="US36237H1014"/>
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        <balance>14200.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Varex Imaging Corp.</name>
        <lei>549300CWYWPVCT8E9W67</lei>
        <title>Varex Imaging Corp.</title>
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          <isin value="US92214X1063"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Perspecta, Inc.</name>
        <lei>549300XIT2GJKMZC0O65</lei>
        <title>Perspecta, Inc.</title>
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          <isin value="US7153471005"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Live Nation Entertainment, Inc.</name>
        <lei>5493007B9BM9ZXJINO78</lei>
        <title>Live Nation Entertainment, Inc.</title>
        <cusip>538034109</cusip>
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          <isin value="US5380341090"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FTI Consulting, Inc.</name>
        <lei>549300K17GM8EQD0FQ48</lei>
        <title>FTI Consulting, Inc.</title>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Genesco, Inc.</name>
        <lei>549300VY2Q511P1K5P56</lei>
        <title>Genesco, Inc.</title>
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          <isin value="US3715321028"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Helen of Troy Ltd.</name>
        <lei>N/A</lei>
        <title>Helen of Troy Ltd.</title>
        <cusip>N/A</cusip>
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          <isin value="BMG4388N1065"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Vonage Holdings Corp.</name>
        <lei>529900W7N0N4WLN1JY21</lei>
        <title>Vonage Holdings Corp.</title>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Charles River Laboratories International, Inc.</name>
        <lei>549300BSQ0R4UZ5KX287</lei>
        <title>Charles River Laboratories International, Inc.</title>
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          <isin value="US1598641074"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Banner Corp.</name>
        <lei>N/A</lei>
        <title>Banner Corp.</title>
        <cusip>06652V208</cusip>
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          <isin value="US06652V2088"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>JPMorgan Prime Money Market Fund</name>
        <lei>N/A</lei>
        <title>JPMorgan Prime Money Market Fund, Class IM</title>
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          <isin value="US46637K8449"/>
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        <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>
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      <invstOrSec>
        <name>NIC, Inc.</name>
        <lei>529900B18T4Q37BZ0F35</lei>
        <title>NIC, Inc.</title>
        <cusip>62914B100</cusip>
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        <balance>22600.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>505110.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LivaNova plc</name>
        <lei>2138001K2FX6SHK2B339</lei>
        <title>LivaNova plc</title>
        <cusip>N/A</cusip>
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        <balance>14400.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FNB Corp.</name>
        <lei>PCYSKIGYNYFDTBLVZU83</lei>
        <title>FNB Corp.</title>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Stamps.com, Inc.</name>
        <lei>5299008VAXLEGU4Y4038</lei>
        <title>Stamps.com, Inc.</title>
        <cusip>852857200</cusip>
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          <isin value="US8528572006"/>
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        <balance>4800.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>AGCO Corp.</name>
        <lei>LYOM0B2GCF1JWXK5ZG04</lei>
        <title>AGCO Corp.</title>
        <cusip>001084102</cusip>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>AutoNation, Inc.</name>
        <lei>N/A</lei>
        <title>AutoNation, Inc.</title>
        <cusip>05329W102</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Carter's, Inc.</name>
        <lei>5299003WAQK4R3L3ZU36</lei>
        <title>Carter's, Inc.</title>
        <cusip>146229109</cusip>
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        <balance>15500.00000000</balance>
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        <valUSD>1694770.00000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Southwest Gas Holdings, Inc.</name>
        <lei>N/A</lei>
        <title>Southwest Gas Holdings, Inc.</title>
        <cusip>844895102</cusip>
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          <isin value="US8448951025"/>
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        <balance>27056.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Armada Hoffler Properties, Inc.</name>
        <lei>549300WQRSIV6XZT9313</lei>
        <title>Armada Hoffler Properties, Inc.</title>
        <cusip>04208T108</cusip>
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        <balance>165000.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>GEO Group, Inc. (The)</name>
        <lei>5493003VOR6NTY465495</lei>
        <title>GEO Group, Inc. (The)</title>
        <cusip>36162J106</cusip>
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        <balance>42150.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Steel Dynamics, Inc.</name>
        <lei>549300HGGKEL4FYTTQ83</lei>
        <title>Steel Dynamics, Inc.</title>
        <cusip>858119100</cusip>
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        <balance>104354.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3552210.16000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BioTelemetry, Inc.</name>
        <lei>549300E1RQ91KHELWN02</lei>
        <title>BioTelemetry, Inc.</title>
        <cusip>090672106</cusip>
        <identifiers>
          <isin value="US0906721065"/>
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        <balance>23400.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1083420.00000000</valUSD>
        <pctVal>0.114148661699</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Primerica, Inc.</name>
        <lei>254900621R686KJR7022</lei>
        <title>Primerica, Inc.</title>
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          <isin value="US74164M1080"/>
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        <balance>14300.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1867008.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MEDNAX, Inc.</name>
        <lei>N/A</lei>
        <title>MEDNAX, Inc.</title>
        <cusip>58502B106</cusip>
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          <isin value="US58502B1061"/>
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        <balance>67880.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1886385.20000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>John Bean Technologies Corp.</name>
        <lei>5493007CT6ATBZ2L6826</lei>
        <title>John Bean Technologies Corp.</title>
        <cusip>477839104</cusip>
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          <isin value="US4778391049"/>
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        <balance>11200.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1261792.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>American States Water Co.</name>
        <lei>529900L26LIS2V8PWM23</lei>
        <title>American States Water Co.</title>
        <cusip>029899101</cusip>
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          <isin value="US0298991011"/>
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        <balance>11844.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MSC Industrial Direct Co., Inc.</name>
        <lei>0XVKH0LN6YGOWO2EGO17</lei>
        <title>MSC Industrial Direct Co., Inc., Class A</title>
        <cusip>553530106</cusip>
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          <isin value="US5535301064"/>
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        <balance>15205.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SYNNEX Corp.</name>
        <lei>5493004HI6PFLF46NS53</lei>
        <title>SYNNEX Corp.</title>
        <cusip>87162W100</cusip>
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          <isin value="US87162W1009"/>
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        <balance>29300.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3773840.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Cato Corp. (The)</name>
        <lei>529900R4SJUY7GCUU865</lei>
        <title>Cato Corp. (The), Class A</title>
        <cusip>149205106</cusip>
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          <isin value="US1492051065"/>
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        <balance>37962.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>REGENXBIO, Inc.</name>
        <lei>549300EOES47LATSET33</lei>
        <title>REGENXBIO, Inc.</title>
        <cusip>75901B107</cusip>
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          <isin value="US75901B1070"/>
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        <balance>64400.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2638468.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>UniFirst Corp.</name>
        <lei>5493003XBTNWBC8UK019</lei>
        <title>UniFirst Corp.</title>
        <cusip>904708104</cusip>
        <identifiers>
          <isin value="US9047081040"/>
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        <balance>5500.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1110890.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Adient plc</name>
        <lei>5493002QLDY8O75RTR78</lei>
        <title>Adient plc</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IE00BD845X29"/>
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        <balance>31600.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>671500.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="461094.39999999"/>
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      <invstOrSec>
        <name>John B Sanfilippo &amp; Son, Inc.</name>
        <lei>N/A</lei>
        <title>John B Sanfilippo &amp; Son, Inc.</title>
        <cusip>800422107</cusip>
        <identifiers>
          <isin value="US8004221078"/>
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        <balance>3500.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>319480.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Signet Jewelers Ltd.</name>
        <lei>549300N3XPGE91WV7M22</lei>
        <title>Signet Jewelers Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BMG812761002"/>
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        <balance>20900.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>454366.00000000</valUSD>
        <pctVal>0.047871804860</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>
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      <invstOrSec>
        <name>Hill-Rom Holdings, Inc.</name>
        <lei>JLZ01A0E2071OH26RE45</lei>
        <title>Hill-Rom Holdings, Inc.</title>
        <cusip>431475102</cusip>
        <identifiers>
          <isin value="US4314751029"/>
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        <balance>30400.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3451312.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CACI International, Inc.</name>
        <lei>SYRPI2D1O9WRTS2WX210</lei>
        <title>CACI International, Inc., Class A</title>
        <cusip>127190304</cusip>
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          <isin value="US1271903049"/>
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        <balance>18112.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4527818.88000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Movado Group, Inc.</name>
        <lei>549300WCGCGPWGHVXM59</lei>
        <title>Movado Group, Inc.</title>
        <cusip>624580106</cusip>
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          <isin value="US6245801062"/>
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        <balance>5400.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>117396.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Dick's Sporting Goods, Inc.</name>
        <lei>529900SSBV5I4LWSK313</lei>
        <title>Dick's Sporting Goods, Inc.</title>
        <cusip>253393102</cusip>
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          <isin value="US2533931026"/>
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        <balance>27615.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1366666.35000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Dana, Inc.</name>
        <lei>KVWHW7YLZPFJM8QYNJ51</lei>
        <title>Dana, Inc.</title>
        <cusip>235825205</cusip>
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          <isin value="US2358252052"/>
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        <balance>134400.00000000</balance>
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        <valUSD>2446080.00000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HomeStreet, Inc.</name>
        <lei>N/A</lei>
        <title>HomeStreet, Inc.</title>
        <cusip>43785V102</cusip>
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          <isin value="US43785V1026"/>
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        <balance>8600.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>KBR, Inc.</name>
        <lei>254900OFQDXZRKRCV808</lei>
        <title>KBR, Inc.</title>
        <cusip>48242W106</cusip>
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          <isin value="US48242W1062"/>
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        <balance>150900.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4602450.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Tailored Brands, Inc.</name>
        <lei>N/A</lei>
        <title>Tailored Brands, Inc.</title>
        <cusip>87403A107</cusip>
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          <isin value="US87403A1079"/>
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        <balance>15000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>62100.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Legg Mason, Inc.</name>
        <lei>OWUNCC6U1ZJXMZKFBJ36</lei>
        <title>Legg Mason, Inc.</title>
        <cusip>524901105</cusip>
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          <isin value="US5249011058"/>
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        <balance>88600.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3181626.00000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Axcelis Technologies, Inc.</name>
        <lei>529900HF9B6NL1QG9F05</lei>
        <title>Axcelis Technologies, Inc.</title>
        <cusip>054540208</cusip>
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        <balance>94900.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2286615.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ALLETE, Inc.</name>
        <lei>549300NNLSIMY6Z8OT86</lei>
        <title>ALLETE, Inc.</title>
        <cusip>018522300</cusip>
        <identifiers>
          <isin value="US0185223007"/>
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        <balance>38200.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3100694.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PotlatchDeltic Corp.</name>
        <lei>54930084YA8UJOTXDM59</lei>
        <title>PotlatchDeltic Corp.</title>
        <cusip>737630103</cusip>
        <identifiers>
          <isin value="US7376301039"/>
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        <balance>21051.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>910876.77000000</valUSD>
        <pctVal>0.095969581758</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>Matador Resources Co.</name>
        <lei>549300CI3Q2UUK5R4G79</lei>
        <title>Matador Resources Co.</title>
        <cusip>576485205</cusip>
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          <isin value="US5764852050"/>
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        <balance>17200.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>309084.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>National Fuel Gas Co.</name>
        <lei>8JB38FFW1Y3C1HM8E841</lei>
        <title>National Fuel Gas Co.</title>
        <cusip>636180101</cusip>
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          <isin value="US6361801011"/>
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        <balance>34233.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="160860"/>
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      </invstOrSec>
      <invstOrSec>
        <name>EVERTEC, Inc.</name>
        <lei>N/A</lei>
        <title>EVERTEC, Inc.</title>
        <cusip>30040P103</cusip>
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          <isin value="PR30040P1032"/>
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        <balance>72700.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PR</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Emergent BioSolutions, Inc.</name>
        <lei>549300YW6TUOX8BE5103</lei>
        <title>Emergent BioSolutions, Inc.</title>
        <cusip>29089Q105</cusip>
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          <isin value="US29089Q1058"/>
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        <balance>5700.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Hawaiian Holdings, Inc.</name>
        <lei>529900TQUS2JVPSSPP86</lei>
        <title>Hawaiian Holdings, Inc.</title>
        <cusip>419879101</cusip>
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          <isin value="US4198791018"/>
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        <balance>17800.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>521362.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Standex International Corp.</name>
        <lei>RCX52GR0JW2LRRMH9Z54</lei>
        <title>Standex International Corp.</title>
        <cusip>854231107</cusip>
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          <isin value="US8542311076"/>
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        <balance>4198.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>333111.30000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>International Bancshares Corp.</name>
        <lei>549300Y16R531AU8TX77</lei>
        <title>International Bancshares Corp.</title>
        <cusip>459044103</cusip>
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          <isin value="US4590441030"/>
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        <balance>17500.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>753725.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Five Below, Inc.</name>
        <lei>529900AAXP5Z6BGI7418</lei>
        <title>Five Below, Inc.</title>
        <cusip>33829M101</cusip>
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          <isin value="US33829M1018"/>
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        <balance>18900.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2416554.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Texas Roadhouse, Inc.</name>
        <lei>5299002Y1CNRPDGXTQ75</lei>
        <title>Texas Roadhouse, Inc.</title>
        <cusip>882681109</cusip>
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          <isin value="US8826811098"/>
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        <balance>21750.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1224960.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Healthcare Realty Trust, Inc.</name>
        <lei>549300CB86LH2IOKHH22</lei>
        <title>Healthcare Realty Trust, Inc.</title>
        <cusip>421946104</cusip>
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          <isin value="US4219461047"/>
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        <balance>60100.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2005537.00000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="119160"/>
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      <invstOrSec>
        <name>Rambus, Inc.</name>
        <lei>2549000211GDCQSLV833</lei>
        <title>Rambus, Inc.</title>
        <cusip>750917106</cusip>
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          <isin value="US7509171069"/>
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        <balance>110400.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1520760.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Brighthouse Financial, Inc.</name>
        <lei>5493003T8SZSHOGGAW52</lei>
        <title>Brighthouse Financial, Inc.</title>
        <cusip>10922N103</cusip>
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          <isin value="US10922N1037"/>
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        <balance>18500.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>725755.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Central Garden &amp; Pet Co.</name>
        <lei>5493004DVZLD37DJ0H83</lei>
        <title>Central Garden &amp; Pet Co., Class A</title>
        <cusip>153527205</cusip>
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          <isin value="US1535272058"/>
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        <balance>15000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>440400.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Office Depot, Inc.</name>
        <lei>549300OI428NU7XTM839</lei>
        <title>Office Depot, Inc.</title>
        <cusip>676220106</cusip>
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        <balance>479778.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HCI Group, Inc.</name>
        <lei>549300CZF7EZJH0MPH74</lei>
        <title>HCI Group, Inc.</title>
        <cusip>40416E103</cusip>
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        <balance>2200.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>100430.00000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Tempur Sealy International, Inc.</name>
        <lei>549300HFEKVR3US71V91</lei>
        <title>Tempur Sealy International, Inc.</title>
        <cusip>88023U101</cusip>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Boise Cascade Co.</name>
        <lei>549300Z8B8LSRHC7XA55</lei>
        <title>Boise Cascade Co.</title>
        <cusip>09739D100</cusip>
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        <balance>48700.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Chatham Lodging Trust</name>
        <lei>N/A</lei>
        <title>Chatham Lodging Trust</title>
        <cusip>16208T102</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Third Point Reinsurance Ltd.</name>
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        <title>Third Point Reinsurance Ltd.</title>
        <cusip>N/A</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>BM</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Lydall, Inc.</name>
        <lei>549300HATFXXTSIQU854</lei>
        <title>Lydall, Inc.</title>
        <cusip>550819106</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Wabash National Corp.</name>
        <lei>5299004ZAWHQZI5XO485</lei>
        <title>Wabash National Corp.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Designer Brands, Inc.</name>
        <lei>549300X8J6FI8PPRK859</lei>
        <title>Designer Brands, Inc., Class A</title>
        <cusip>250565108</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Veritiv Corp.</name>
        <lei>529900VQARHWQROHAS58</lei>
        <title>Veritiv Corp.</title>
        <cusip>923454102</cusip>
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        <balance>22400.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>440608.00000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ACI Worldwide, Inc.</name>
        <lei>5493003BPVMZUJ6F5C02</lei>
        <title>ACI Worldwide, Inc.</title>
        <cusip>004498101</cusip>
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        <balance>40800.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1545708.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PH Glatfelter Co.</name>
        <lei>549300LDQLQBT38QDY28</lei>
        <title>PH Glatfelter Co.</title>
        <cusip>377316104</cusip>
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      <invstOrSec>
        <name>PDC Energy, Inc.</name>
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      <invstOrSec>
        <name>Oceaneering International, Inc.</name>
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      <invstOrSec>
        <name>HB Fuller Co.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Quanex Building Products Corp.</name>
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        <assetCat>EC</assetCat>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TETRA Technologies, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Myriad Genetics, Inc.</name>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Texas Capital Bancshares, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Haemonetics Corp.</name>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Fossil Group, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Greif, Inc.</name>
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        <name>Orthofix Medical, Inc.</name>
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        <name>Korn Ferry</name>
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        <name>Supernus Pharmaceuticals, Inc.</name>
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        <name>Cohu, Inc.</name>
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        <name>New Jersey Resources Corp.</name>
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        <name>Customers Bancorp, Inc.</name>
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        <name>Timken Co. (The)</name>
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        <name>Black Hills Corp.</name>
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        <name>First Financial Bancorp</name>
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        <name>Kaman Corp.</name>
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        <title>Kaman Corp.</title>
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        <name>Avis Budget Group, Inc.</name>
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        <name>Telephone &amp; Data Systems, Inc.</name>
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        <title>Telephone &amp; Data Systems, Inc.</title>
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        <name>Cabot Corp.</name>
        <lei>K05C0SER542GQ6VLRO68</lei>
        <title>Cabot Corp.</title>
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        <name>NBT Bancorp, Inc.</name>
        <lei>N/A</lei>
        <title>NBT Bancorp, Inc.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>GameStop Corp.</name>
        <lei>549300505KLOET039L77</lei>
        <title>GameStop Corp., Class A</title>
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          <isin value="US36467W1099"/>
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        <balance>40100.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>JBG SMITH Properties</name>
        <lei>N/A</lei>
        <title>JBG SMITH Properties</title>
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          <isin value="US46590V1008"/>
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        <balance>18300.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Warrior Met Coal, Inc.</name>
        <lei>549300152B1S9YKBYV79</lei>
        <title>Warrior Met Coal, Inc.</title>
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          <isin value="US93627C1018"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PGT Innovations, Inc.</name>
        <lei>549300LRW9WM59C1S579</lei>
        <title>PGT Innovations, Inc.</title>
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          <isin value="US69336V1017"/>
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        <balance>14500.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Abercrombie &amp; Fitch Co.</name>
        <lei>5493000J7LL72TOGT983</lei>
        <title>Abercrombie &amp; Fitch Co., Class A</title>
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          <isin value="US0028962076"/>
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        <balance>23000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Mercury General Corp.</name>
        <lei>5493001Q9EXPCEL4W527</lei>
        <title>Mercury General Corp.</title>
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          <isin value="US5894001008"/>
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        <balance>9800.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Bed Bath &amp; Beyond, Inc.</name>
        <lei>529900ZBUWWUV7BKGX39</lei>
        <title>Bed Bath &amp; Beyond, Inc.</title>
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          <isin value="US0758961009"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Syneos Health, Inc.</name>
        <lei>549300F1ZGKDS8P6GU13</lei>
        <title>Syneos Health, Inc.</title>
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          <isin value="US87166B1026"/>
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        <balance>36900.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Allegheny Technologies, Inc.</name>
        <lei>ZW1LRE7C3H17O2ZN9B45</lei>
        <title>Allegheny Technologies, Inc.</title>
        <cusip>01741R102</cusip>
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          <isin value="US01741R1023"/>
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        <balance>42300.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>873918.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="212484.6"/>
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      <invstOrSec>
        <name>USANA Health Sciences, Inc.</name>
        <lei>549300YTURXE814MAH96</lei>
        <title>USANA Health Sciences, Inc.</title>
        <cusip>90328M107</cusip>
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          <isin value="US90328M1071"/>
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        <balance>3800.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>TTM Technologies, Inc.</name>
        <lei>549300SC4BDOIS008048</lei>
        <title>TTM Technologies, Inc.</title>
        <cusip>87305R109</cusip>
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          <isin value="US87305R1095"/>
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        <balance>28200.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>AK Steel Holding Corp.</name>
        <lei>529900DT4E7ZNETMVC04</lei>
        <title>AK Steel Holding Corp.</title>
        <cusip>001547108</cusip>
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          <isin value="US0015471081"/>
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        <balance>105200.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <loanByFundCondition isLoanByFund="Y" loanVal="68954.04"/>
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      <invstOrSec>
        <name>Janus Henderson Group plc</name>
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        <title>Janus Henderson Group plc</title>
        <cusip>N/A</cusip>
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        <balance>52984.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1295458.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Woodward, Inc.</name>
        <lei>YPYKXXTR8TFDH54ZMB45</lei>
        <title>Woodward, Inc.</title>
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        <balance>19200.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2274048.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CoreLogic, Inc.</name>
        <lei>54930086CD8K2UIL0516</lei>
        <title>CoreLogic, Inc.</title>
        <cusip>21871D103</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Encore Wire Corp.</name>
        <lei>N/A</lei>
        <title>Encore Wire Corp.</title>
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          <isin value="US2925621052"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>NMI Holdings, Inc.</name>
        <lei>529900KNNGFXJX1C3Z08</lei>
        <title>NMI Holdings, Inc., Class A</title>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>Sabra Health Care REIT, Inc.</name>
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        <title>Sabra Health Care REIT, Inc.</title>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>First Midwest Bancorp, Inc.</name>
        <lei>7XRS7ORI584PF41IVU88</lei>
        <title>First Midwest Bancorp, Inc.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Arrow Electronics, Inc.</name>
        <lei>549300YNNLBXT8N8R512</lei>
        <title>Arrow Electronics, Inc.</title>
        <cusip>042735100</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Dillard's, Inc.</name>
        <lei>529900FGYKMWL6019P91</lei>
        <title>Dillard's, Inc., Class A</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Ingredion, Inc.</name>
        <lei>PKSTQ48QDN0XSVS7YK88</lei>
        <title>Ingredion, Inc.</title>
        <cusip>457187102</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Exterran Corp.</name>
        <lei>549300PVC7ZU5RSQHZ60</lei>
        <title>Exterran Corp.</title>
        <cusip>30227H106</cusip>
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        <balance>9537.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Magellan Health, Inc.</name>
        <lei>N/A</lei>
        <title>Magellan Health, Inc.</title>
        <cusip>559079207</cusip>
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        <balance>49166.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Matrix Service Co.</name>
        <lei>529900VYBKSX6HD2YW58</lei>
        <title>Matrix Service Co.</title>
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          <isin value="US5768531056"/>
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        <balance>20200.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>TRI Pointe Group, Inc.</name>
        <lei>N/A</lei>
        <title>TRI Pointe Group, Inc.</title>
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          <isin value="US87265H1095"/>
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        <balance>49400.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>769652.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Donnelley Financial Solutions, Inc.</name>
        <lei>549300O1NPY4J56QCU04</lei>
        <title>Donnelley Financial Solutions, Inc.</title>
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          <isin value="US25787G1004"/>
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        <balance>8390.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SLM Corp.</name>
        <lei>4K8SLPBF5DXXGPW03H93</lei>
        <title>SLM Corp.</title>
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          <isin value="US78442P1066"/>
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        <balance>142000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1265220.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Callaway Golf Co.</name>
        <lei>5493005UB0KFRKBPCU72</lei>
        <title>Callaway Golf Co.</title>
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          <isin value="US1311931042"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Trustmark Corp.</name>
        <lei>5493000HPQ4D2RZ79739</lei>
        <title>Trustmark Corp.</title>
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          <isin value="US8984021027"/>
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        <balance>20707.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Columbia Banking System, Inc.</name>
        <lei>N/A</lei>
        <title>Columbia Banking System, Inc.</title>
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          <isin value="US1972361026"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Veeco Instruments, Inc.</name>
        <lei>5493004201F72ADDZW04</lei>
        <title>Veeco Instruments, Inc.</title>
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          <isin value="US9224171002"/>
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        <balance>2281.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Sally Beauty Holdings, Inc.</name>
        <lei>529900VXW6E8ONDIQ271</lei>
        <title>Sally Beauty Holdings, Inc.</title>
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          <isin value="US79546E1047"/>
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        <balance>43200.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="123284"/>
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      <invstOrSec>
        <name>Heidrick &amp; Struggles International, Inc.</name>
        <lei>5493006284N2J367VB57</lei>
        <title>Heidrick &amp; Struggles International, Inc.</title>
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          <isin value="US4228191023"/>
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        <curCd>USD</curCd>
        <valUSD>1335750.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Casey's General Stores, Inc.</name>
        <lei>549300CAFWSI86V66Q65</lei>
        <title>Casey's General Stores, Inc.</title>
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          <isin value="US1475281036"/>
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        <balance>11858.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Brunswick Corp.</name>
        <lei>YM4O38W15AX4YLLQKU27</lei>
        <title>Brunswick Corp.</title>
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          <isin value="US1170431092"/>
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        <balance>29300.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ASGN, Inc.</name>
        <lei>LZBNYYCBUKY537072438</lei>
        <title>ASGN, Inc.</title>
        <cusip>00191U102</cusip>
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          <isin value="US00191U1025"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Ruth's Hospitality Group, Inc.</name>
        <lei>529900JQW9JP41OHOD14</lei>
        <title>Ruth's Hospitality Group, Inc.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>IDACORP, Inc.</name>
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        <title>IDACORP, Inc.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Cracker Barrel Old Country Store, Inc.</name>
        <lei>8P4PHQIUWPIECBFBW745</lei>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Post Holdings, Inc.</name>
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      <invstOrSec>
        <name>Ingevity Corp.</name>
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        <title>Ingevity Corp.</title>
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      <invstOrSec>
        <name>Domtar Corp.</name>
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        <title>Domtar Corp.</title>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SEI Investments Co.</name>
        <lei>5LJTIFADGZ6XH1RVOC11</lei>
        <title>SEI Investments Co.</title>
        <cusip>784117103</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Owens Corning</name>
        <lei>JO5M6676RDJIZ2U8X907</lei>
        <title>Owens Corning</title>
        <cusip>690742101</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Innospec, Inc.</name>
        <lei>213800SQBACNY5IWJO68</lei>
        <title>Innospec, Inc.</title>
        <cusip>45768S105</cusip>
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        <balance>13500.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Group 1 Automotive, Inc.</name>
        <lei>549300US8QAZJLWYAF63</lei>
        <title>Group 1 Automotive, Inc.</title>
        <cusip>398905109</cusip>
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        <balance>6948.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>694800.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CyrusOne, Inc.</name>
        <lei>5493006S177ZK2ZNBU43</lei>
        <title>CyrusOne, Inc.</title>
        <cusip>23283R100</cusip>
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        <balance>46500.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3042495.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <name>Xenia Hotels &amp; Resorts, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SpartanNash Co.</name>
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        <name>SPX FLOW, Inc.</name>
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      <invstOrSec>
        <name>Vector Group Ltd.</name>
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      <invstOrSec>
        <name>Associated Banc-Corp.</name>
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        <name>United Therapeutics Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Urban Outfitters, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Winnebago Industries, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Service Properties Trust</name>
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        <name>TrustCo Bank Corp.</name>
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        <name>Blucora, Inc.</name>
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        <name>Ensign Group, Inc. (The)</name>
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        <name>Toro Co. (The)</name>
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        <name>Saul Centers, Inc.</name>
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        <name>Chemed Corp.</name>
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        <title>Chemed Corp.</title>
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        <name>Brinker International, Inc.</name>
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        <name>Brixmor Property Group, Inc.</name>
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        <name>Insperity, Inc.</name>
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        <name>RPM International, Inc.</name>
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        <name>RenaissanceRe Holdings Ltd.</name>
        <lei>EK6GB9U3U58PDI411C94</lei>
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        <name>Flowers Foods, Inc.</name>
        <lei>7YNCQQNDK8FBM9BBTK25</lei>
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        <name>Worthington Industries, Inc.</name>
        <lei>1WRCIANKYOIK6KYE5E82</lei>
        <title>Worthington Industries, Inc.</title>
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        <name>Bel Fuse, Inc.</name>
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        <title>Bel Fuse, Inc., Class B</title>
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      </invstOrSec>
      <invstOrSec>
        <name>Diebold Nixdorf, Inc.</name>
        <lei>549300XZK6EWDBAZSY16</lei>
        <title>Diebold Nixdorf, Inc.</title>
        <cusip>253651103</cusip>
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          <isin value="US2536511031"/>
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        <balance>28800.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>304128.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Delphi Technologies plc</name>
        <lei>549300SEU65CJHRH6V04</lei>
        <title>Delphi Technologies plc</title>
        <cusip>N/A</cusip>
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          <isin value="JE00BD85SC56"/>
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        <balance>33300.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>427239.00000000</valUSD>
        <pctVal>0.045013715895</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Valvoline, Inc.</name>
        <lei>549300CMHPBEY6VPOT75</lei>
        <title>Valvoline, Inc.</title>
        <cusip>92047W101</cusip>
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          <isin value="US92047W1018"/>
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        <balance>65200.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Graham Holdings Co.</name>
        <lei>529900BOSCEEEMAFQJ29</lei>
        <title>Graham Holdings Co., Class B</title>
        <cusip>384637104</cusip>
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          <isin value="US3846371041"/>
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        <balance>1700.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1086283.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Crocs, Inc.</name>
        <lei>549300B0J6YCXD63OG72</lei>
        <title>Crocs, Inc.</title>
        <cusip>227046109</cusip>
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          <isin value="US2270461096"/>
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        <balance>24900.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1043061.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NewMarket Corp.</name>
        <lei>54930082CG88ERDREQ47</lei>
        <title>NewMarket Corp.</title>
        <cusip>651587107</cusip>
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          <isin value="US6515871076"/>
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        <balance>2200.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1070344.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Meta Financial Group, Inc.</name>
        <lei>5493004X52BH1NBLW813</lei>
        <title>Meta Financial Group, Inc.</title>
        <cusip>59100U108</cusip>
        <identifiers>
          <isin value="US59100U1088"/>
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        <balance>10900.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>397959.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Oshkosh Corp.</name>
        <lei>549300FEKNPCFSA2B506</lei>
        <title>Oshkosh Corp.</title>
        <cusip>688239201</cusip>
        <identifiers>
          <isin value="US6882392011"/>
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        <balance>49300.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4666245.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MAXIMUS, Inc.</name>
        <lei>549300DQCDS8HJ7QF202</lei>
        <title>MAXIMUS, Inc.</title>
        <cusip>577933104</cusip>
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          <isin value="US5779331041"/>
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        <balance>21200.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1577068.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Wintrust Financial Corp.</name>
        <lei>Q774KI4AW80FHFW33O61</lei>
        <title>Wintrust Financial Corp.</title>
        <cusip>97650W108</cusip>
        <identifiers>
          <isin value="US97650W1080"/>
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        <balance>44021.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3121088.90000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SMART Global Holdings, Inc.</name>
        <lei>529900RDGHQY8XKXPN14</lei>
        <title>SMART Global Holdings, Inc.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG8232Y1017"/>
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        <balance>43300.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1642802.00000000</valUSD>
        <pctVal>0.173084906810</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Rayonier, Inc.</name>
        <lei>HGV8VDVNL0W6SF2U9C50</lei>
        <title>Rayonier, Inc.</title>
        <cusip>754907103</cusip>
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          <isin value="US7549071030"/>
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        <balance>29000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>950040.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Chart Industries, Inc.</name>
        <lei>EM7QGKC1GYOF3LSZSL80</lei>
        <title>Chart Industries, Inc.</title>
        <cusip>16115Q308</cusip>
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          <isin value="US16115Q3083"/>
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        <balance>10700.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>722143.00000000</valUSD>
        <pctVal>0.076084673538</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>Brown &amp; Brown, Inc.</name>
        <lei>549300PC8KTJ71XKFY89</lei>
        <title>Brown &amp; Brown, Inc.</title>
        <cusip>115236101</cusip>
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          <isin value="US1152361010"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Insight Enterprises, Inc.</name>
        <lei>529900S8991TYW6YP792</lei>
        <title>Insight Enterprises, Inc.</title>
        <cusip>45765U103</cusip>
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          <isin value="US45765U1034"/>
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        <balance>22502.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1581665.58000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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        <name>Wendy's Co. (The)</name>
        <lei>529900M0JIUCMWVKHG76</lei>
        <title>Wendy's Co. (The)</title>
        <cusip>95058W100</cusip>
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          <isin value="US95058W1009"/>
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        <balance>62500.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1388125.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Hub Group, Inc.</name>
        <lei>N/A</lei>
        <title>Hub Group, Inc., Class A</title>
        <cusip>443320106</cusip>
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          <isin value="US4433201062"/>
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        <balance>57656.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Qualys, Inc.</name>
        <lei>549300EMBXYOW9W1XA17</lei>
        <title>Qualys, Inc.</title>
        <cusip>74758T303</cusip>
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          <isin value="US74758T3032"/>
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        <balance>10700.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>892059.00000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>ATN International, Inc.</name>
        <lei>54930013NP7VEU877V56</lei>
        <title>ATN International, Inc.</title>
        <cusip>00215F107</cusip>
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          <isin value="US00215F1075"/>
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        <balance>3400.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Red Robin Gourmet Burgers, Inc.</name>
        <lei>529900V6NUMBYX34LV46</lei>
        <title>Red Robin Gourmet Burgers, Inc.</title>
        <cusip>75689M101</cusip>
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          <isin value="US75689M1018"/>
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        <balance>4400.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>145288.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Watsco, Inc.</name>
        <lei>549300F1Y3LN5BX5WN75</lei>
        <title>Watsco, Inc.</title>
        <cusip>942622200</cusip>
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          <isin value="US9426222009"/>
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        <balance>10999.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UGI Corp.</name>
        <lei>DX6GCWD4Q1JO9CRE5I40</lei>
        <title>UGI Corp.</title>
        <cusip>902681105</cusip>
        <identifiers>
          <isin value="US9026811052"/>
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        <balance>126668.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5720326.88000000</valUSD>
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        <assetCat>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>Pacific Premier Bancorp, Inc.</name>
        <lei>549300Q1KIC3KLI0XG98</lei>
        <title>Pacific Premier Bancorp, Inc.</title>
        <cusip>69478X105</cusip>
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          <isin value="US69478X1054"/>
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        <balance>73600.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2399728.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="542917"/>
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      <invstOrSec>
        <name>AdvanSix, Inc.</name>
        <lei>5493009TPRODMCAZLF67</lei>
        <title>AdvanSix, Inc.</title>
        <cusip>00773T101</cusip>
        <identifiers>
          <isin value="US00773T1016"/>
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        <balance>8000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>159680.00000000</valUSD>
        <pctVal>0.016823815602</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>RH</name>
        <lei>5493008MTS3OGGMHGK69</lei>
        <title>RH</title>
        <cusip>74967X103</cusip>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Cinemark Holdings, Inc.</name>
        <lei>N/A</lei>
        <title>Cinemark Holdings, Inc.</title>
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          <isin value="US17243V1026"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>First American Financial Corp.</name>
        <lei>549300B6VEZK3N0A1P55</lei>
        <title>First American Financial Corp.</title>
        <cusip>31847R102</cusip>
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          <isin value="US31847R1023"/>
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        <balance>65800.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DiamondRock Hospitality Co.</name>
        <lei>529900KKD4BPVBUAQ734</lei>
        <title>DiamondRock Hospitality Co.</title>
        <cusip>252784301</cusip>
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          <isin value="US2527843013"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Berkshire Hills Bancorp, Inc.</name>
        <lei>549300AS2OC6UMMBNO37</lei>
        <title>Berkshire Hills Bancorp, Inc.</title>
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          <isin value="US0846801076"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ExlService Holdings, Inc.</name>
        <lei>81E3DTNF6OSH489ZOV15</lei>
        <title>ExlService Holdings, Inc.</title>
        <cusip>302081104</cusip>
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          <isin value="US3020811044"/>
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        <balance>11462.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Science Applications International Corp.</name>
        <lei>549300LZPNZIXQGZPZ48</lei>
        <title>Science Applications International Corp.</title>
        <cusip>808625107</cusip>
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          <isin value="US8086251076"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Reinsurance Group of America, Inc.</name>
        <lei>LORM1GNEU1DKEW527V90</lei>
        <title>Reinsurance Group of America, Inc.</title>
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          <isin value="US7593516047"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Minerals Technologies, Inc.</name>
        <lei>549300D3I1QU67GP6403</lei>
        <title>Minerals Technologies, Inc.</title>
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          <isin value="US6031581068"/>
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        <balance>12141.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Trinseo SA</name>
        <lei>222100SZ6J5ZF05ZTR58</lei>
        <title>Trinseo SA</title>
        <cusip>N/A</cusip>
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          <isin value="LU1057788488"/>
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        <balance>13600.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>506056.00000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PTC, Inc.</name>
        <lei>54930050SSMU8SKDJ030</lei>
        <title>PTC, Inc.</title>
        <cusip>69370C100</cusip>
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          <isin value="US69370C1009"/>
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        <balance>13107.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Coca-Cola Consolidated, Inc.</name>
        <lei>57VG5X0E00X0QJU7CQ58</lei>
        <title>Coca-Cola Consolidated, Inc.</title>
        <cusip>191098102</cusip>
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        <balance>7000.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <loanByFundCondition isLoanByFund="Y" loanVal="175712"/>
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      <invstOrSec>
        <name>REX American Resources Corp.</name>
        <lei>N/A</lei>
        <title>REX American Resources Corp.</title>
        <cusip>761624105</cusip>
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          <isin value="US7616241052"/>
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        <balance>2200.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>180312.00000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>InterDigital, Inc.</name>
        <lei>N/A</lei>
        <title>InterDigital, Inc.</title>
        <cusip>45867G101</cusip>
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          <isin value="US45867G1013"/>
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        <balance>10600.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>KEMET Corp.</name>
        <lei>529900G5ZS8VVA2TY376</lei>
        <title>KEMET Corp.</title>
        <cusip>488360207</cusip>
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        <balance>23500.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Resources Connection, Inc.</name>
        <lei>N/A</lei>
        <title>Resources Connection, Inc.</title>
        <cusip>76122Q105</cusip>
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          <isin value="US76122Q1058"/>
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        <balance>38229.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>EastGroup Properties, Inc.</name>
        <lei>31TIGQQZC4P6JMHKSW85</lei>
        <title>EastGroup Properties, Inc.</title>
        <cusip>277276101</cusip>
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        <balance>16700.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Evercore, Inc.</name>
        <lei>529900P6KLPT95DW3W58</lei>
        <title>Evercore, Inc., Class A</title>
        <cusip>29977A105</cusip>
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        <balance>13600.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>PacWest Bancorp</name>
        <lei>549300YI8VMFO7G36V04</lei>
        <title>PacWest Bancorp</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Fresh Del Monte Produce, Inc.</name>
        <lei>529900I72V9F0FEZR228</lei>
        <title>Fresh Del Monte Produce, Inc.</title>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Umpqua Holdings Corp.</name>
        <lei>5299002ENJ7CY215BW86</lei>
        <title>Umpqua Holdings Corp.</title>
        <cusip>904214103</cusip>
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          <isin value="US9042141039"/>
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        <balance>74823.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Manhattan Associates, Inc.</name>
        <lei>529900Q1GJP7KD52SW51</lei>
        <title>Manhattan Associates, Inc.</title>
        <cusip>562750109</cusip>
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        <balance>31600.00000000</balance>
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      <invstOrSec>
        <name>Federated Investors, Inc.</name>
        <lei>R05X5UQ874RGFF7HHD84</lei>
        <title>Federated Investors, Inc., Class B</title>
        <cusip>314211103</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>EMCOR Group, Inc.</name>
        <lei>529900X0SQJB2J7YDU43</lei>
        <title>EMCOR Group, Inc.</title>
        <cusip>29084Q100</cusip>
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          <isin value="US29084Q1004"/>
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        <balance>47564.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4104773.20000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Brady Corp.</name>
        <lei>549300G2LEQOFQC8GY34</lei>
        <title>Brady Corp., Class A</title>
        <cusip>104674106</cusip>
        <identifiers>
          <isin value="US1046741062"/>
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        <balance>17700.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Omega Healthcare Investors, Inc.</name>
        <lei>549300OJ7ENK42CZ8E73</lei>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Southwestern Energy Co.</name>
        <lei>EFWMP121W54QV9MGOP87</lei>
        <title>Southwestern Energy Co.</title>
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          <isin value="US8454671095"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Lannett Co., Inc.</name>
        <lei>5299001DJ6C90XX17G45</lei>
        <title>Lannett Co., Inc.</title>
        <cusip>516012101</cusip>
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          <isin value="US5160121019"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Patrick Industries, Inc.</name>
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        <title>Patrick Industries, Inc.</title>
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          <isin value="US7033431039"/>
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        <balance>8800.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Valley National Bancorp</name>
        <lei>549300ET52S1UBIB9762</lei>
        <title>Valley National Bancorp</title>
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        <balance>107900.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>American Assets Trust, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>United Community Banks, Inc.</name>
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        <title>United Community Banks, Inc.</title>
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          <isin value="US90984P3038"/>
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        <balance>89480.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CoreSite Realty Corp.</name>
        <lei>549300H0YYORITFM2B74</lei>
        <title>CoreSite Realty Corp.</title>
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          <isin value="US21870Q1058"/>
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        <balance>12500.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TCF Financial Corp.</name>
        <lei>549300UK6KFVK4A0D603</lei>
        <title>TCF Financial Corp.</title>
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          <isin value="US8723071036"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Jefferies Financial Group, Inc.</name>
        <lei>549300HOF34RGOJ5YL07</lei>
        <title>Jefferies Financial Group, Inc.</title>
        <cusip>47233W109</cusip>
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          <isin value="US47233W1099"/>
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        <balance>87600.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1872012.00000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Forward Air Corp.</name>
        <lei>N/A</lei>
        <title>Forward Air Corp.</title>
        <cusip>349853101</cusip>
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          <isin value="US3498531017"/>
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        <balance>10300.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>720485.00000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New York Community Bancorp, Inc.</name>
        <lei>529900HVXOTLY61GL030</lei>
        <title>New York Community Bancorp, Inc.</title>
        <cusip>649445103</cusip>
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        <balance>86900.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Owens &amp; Minor, Inc.</name>
        <lei>549300LMT5KQQXCEZ733</lei>
        <title>Owens &amp; Minor, Inc.</title>
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        <assetCat>EC</assetCat>
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        <name>CNO Financial Group, Inc.</name>
        <lei>11XPYHB76MPM4Y4P2897</lei>
        <title>CNO Financial Group, Inc.</title>
        <cusip>12621E103</cusip>
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        <name>World Fuel Services Corp.</name>
        <lei>D3W7PCXCBRQLL17DZ313</lei>
        <title>World Fuel Services Corp.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>OraSure Technologies, Inc.</name>
        <lei>529900GNNJPNM4XHXQ77</lei>
        <title>OraSure Technologies, Inc.</title>
        <cusip>68554V108</cusip>
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        <balance>18000.00000000</balance>
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        <invCountry>US</invCountry>
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        <name>Bio-Techne Corp.</name>
        <lei>54930073RLKQ51TILZ35</lei>
        <title>Bio-Techne Corp.</title>
        <cusip>09073M104</cusip>
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        <name>Tyler Technologies, Inc.</name>
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        <name>American Campus Communities, Inc.</name>
        <lei>529900MR3ZXRO3W6UX26</lei>
        <title>American Campus Communities, Inc.</title>
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        <name>Murphy Oil Corp.</name>
        <lei>QBKYQD0ODE7DC7PDIN91</lei>
        <title>Murphy Oil Corp.</title>
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        <name>Pennant Group, Inc. (The)</name>
        <lei>5493007H2OYR6BYLDA64</lei>
        <title>Pennant Group, Inc. (The)</title>
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        <name>SkyWest, Inc.</name>
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        <title>SkyWest, Inc.</title>
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        <name>Toll Brothers, Inc.</name>
        <lei>529900JB6IS9MSZGVR44</lei>
        <title>Toll Brothers, Inc.</title>
        <cusip>889478103</cusip>
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        <invCountry>US</invCountry>
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        <name>Tupperware Brands Corp.</name>
        <lei>G8NWFN4YP7CR6FOP4886</lei>
        <title>Tupperware Brands Corp.</title>
        <cusip>899896104</cusip>
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        <balance>49656.00000000</balance>
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        <valUSD>426048.48000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Methode Electronics, Inc.</name>
        <lei>529900VM413LGLUS3F07</lei>
        <title>Methode Electronics, Inc.</title>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Highwoods Properties, Inc.</name>
        <lei>ZIIGTYKL9T0X3HLTDX53</lei>
        <title>Highwoods Properties, Inc.</title>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Eaton Vance Corp.</name>
        <lei>4JJ8ORNW1AFZPSV8GJ79</lei>
        <title>Eaton Vance Corp.</title>
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          <isin value="US2782651036"/>
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        <balance>39600.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Helix Energy Solutions Group, Inc.</name>
        <lei>416AP2JOUTCWEGSOZW41</lei>
        <title>Helix Energy Solutions Group, Inc.</title>
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          <isin value="US42330P1075"/>
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        <balance>28077.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Bloomin' Brands, Inc.</name>
        <lei>E1UJ2GO305B5FXGV7N04</lei>
        <title>Bloomin' Brands, Inc.</title>
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          <isin value="US0942351083"/>
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        <balance>32300.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>712861.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Aaron's, Inc.</name>
        <lei>529900IVEJ72I7MQ3Z14</lei>
        <title>Aaron's, Inc.</title>
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          <isin value="US0025353006"/>
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        <balance>22142.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Signature Bank</name>
        <lei>VLP5AP0XK2GM6GKD1007</lei>
        <title>Signature Bank</title>
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          <isin value="US82669G1040"/>
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        <balance>33500.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4576435.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BJ's Restaurants, Inc.</name>
        <lei>5299000EOW66I1OJNQ23</lei>
        <title>BJ's Restaurants, Inc.</title>
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          <isin value="US09180C1062"/>
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        <curCd>USD</curCd>
        <valUSD>296088.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>CONMED Corp.</name>
        <lei>Z6C0YCECH9DCU5ZIQW84</lei>
        <title>CONMED Corp.</title>
        <cusip>207410101</cusip>
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          <isin value="US2074101013"/>
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        <balance>8100.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>905823.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Jones Lang LaSalle, Inc.</name>
        <lei>6SYKCME112RT8TQUO411</lei>
        <title>Jones Lang LaSalle, Inc.</title>
        <cusip>48020Q107</cusip>
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          <isin value="US48020Q1076"/>
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        <balance>17588.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3061894.92000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Arrowhead Pharmaceuticals, Inc.</name>
        <lei>549300O3CSB8T7OZ3D66</lei>
        <title>Arrowhead Pharmaceuticals, Inc.</title>
        <cusip>04280A100</cusip>
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          <isin value="US04280A1007"/>
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        <balance>61900.00000000</balance>
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        <valUSD>3926317.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="830748"/>
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      <invstOrSec>
        <name>US Concrete, Inc.</name>
        <lei>549300J94Q38BL8BMH45</lei>
        <title>US Concrete, Inc.</title>
        <cusip>90333L201</cusip>
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          <isin value="US90333L2016"/>
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        <balance>14900.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>620734.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Sterling Bancorp</name>
        <lei>549300LQK6SKH5ZXO648</lei>
        <title>Sterling Bancorp</title>
        <cusip>85917A100</cusip>
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          <isin value="US85917A1007"/>
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        <balance>71500.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1507220.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Installed Building Products, Inc.</name>
        <lei>549300I95Y9P9YM5FI86</lei>
        <title>Installed Building Products, Inc.</title>
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          <isin value="US45780R1014"/>
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        <balance>7200.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Penn National Gaming, Inc.</name>
        <lei>N/A</lei>
        <title>Penn National Gaming, Inc.</title>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Uniti Group, Inc.</name>
        <lei>549300V3NU625PJUVA84</lei>
        <title>Uniti Group, Inc.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>PBF Energy, Inc.</name>
        <lei>2549003PBEDCSZMZIY02</lei>
        <title>PBF Energy, Inc., Class A</title>
        <cusip>69318G106</cusip>
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          <isin value="US69318G1067"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>First Commonwealth Financial Corp.</name>
        <lei>549300ZHLQ42NXDETL24</lei>
        <title>First Commonwealth Financial Corp.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>TiVo Corp.</name>
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        <title>TiVo Corp.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <name>Express, Inc.</name>
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        <title>Express, Inc.</title>
        <cusip>30219E103</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Avista Corp.</name>
        <lei>Q0IK63NITJD6RJ47SW96</lei>
        <title>Avista Corp.</title>
        <cusip>05379B107</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <name>Ciena Corp.</name>
        <lei>W0CZ7N0GH8UIGXDM1H41</lei>
        <title>Ciena Corp.</title>
        <cusip>171779309</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Haverty Furniture Cos., Inc.</name>
        <lei>529900CVFMMIRXZVPD70</lei>
        <title>Haverty Furniture Cos., Inc.</title>
        <cusip>419596101</cusip>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>Vishay Intertechnology, Inc.</name>
        <lei>5493009O8F3QQJTCQR75</lei>
        <title>Vishay Intertechnology, Inc.</title>
        <cusip>928298108</cusip>
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          <isin value="US9282981086"/>
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        <balance>87977.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1873030.33000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Semtech Corp.</name>
        <lei>549300J7WUY317SW6O61</lei>
        <title>Semtech Corp.</title>
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          <isin value="US8168501018"/>
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        <balance>22400.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CoreCivic, Inc.</name>
        <lei>529900JFA3K6PTLT8B15</lei>
        <title>CoreCivic, Inc.</title>
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          <isin value="US21871N1019"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Apergy Corp.</name>
        <lei>549300EP2909K6DYYP38</lei>
        <title>Apergy Corp.</title>
        <cusip>03755L104</cusip>
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          <isin value="US03755L1044"/>
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        <balance>26600.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Globus Medical, Inc.</name>
        <lei>5299003M2P4CIK0RF205</lei>
        <title>Globus Medical, Inc., Class A</title>
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          <isin value="US3795772082"/>
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        <balance>25100.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Sanderson Farms, Inc.</name>
        <lei>529900KZGVFTWHUO2759</lei>
        <title>Sanderson Farms, Inc.</title>
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          <isin value="US8000131040"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Kite Realty Group Trust</name>
        <lei>N/A</lei>
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          <isin value="US49803T3005"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Patterson Cos., Inc.</name>
        <lei>YM48Q2087CUE26GWEK09</lei>
        <title>Patterson Cos., Inc.</title>
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          <isin value="US7033951036"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FirstCash, Inc.</name>
        <lei>549300V2X3UU7K0DG350</lei>
        <title>FirstCash, Inc.</title>
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          <isin value="US33767D1054"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Boyd Gaming Corp.</name>
        <lei>254900787YGRYS2A1Z35</lei>
        <title>Boyd Gaming Corp.</title>
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          <isin value="US1033041013"/>
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        <balance>28700.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Deckers Outdoor Corp.</name>
        <lei>5493008LG4W3I6K8J118</lei>
        <title>Deckers Outdoor Corp.</title>
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          <isin value="US2435371073"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Koppers Holdings, Inc.</name>
        <lei>N/A</lei>
        <title>Koppers Holdings, Inc.</title>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Cabot Microelectronics Corp.</name>
        <lei>31F6V1MN00ZW3XWB4J69</lei>
        <title>Cabot Microelectronics Corp.</title>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Strategic Education, Inc.</name>
        <lei>0PYXF82EO1UCNGL5I740</lei>
        <title>Strategic Education, Inc.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>National Storage Affiliates Trust</name>
        <lei>N/A</lei>
        <title>National Storage Affiliates Trust</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Murphy USA, Inc.</name>
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        <title>Murphy USA, Inc.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Insteel Industries, Inc.</name>
        <lei>52990026LKY4MOX3L174</lei>
        <title>Insteel Industries, Inc.</title>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Pool Corp.</name>
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        <title>Pool Corp.</title>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Alexander &amp; Baldwin, Inc.</name>
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      <invstOrSec>
        <name>Career Education Corp.</name>
        <lei>529900X5PCA184O9LY90</lei>
        <title>Career Education Corp.</title>
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      <invstOrSec>
        <name>National Instruments Corp.</name>
        <lei>549300TP4OOPCYWDUP86</lei>
        <title>National Instruments Corp.</title>
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        <name>Carpenter Technology Corp.</name>
        <lei>DX6I6ZD3X5WNNCDJKP85</lei>
        <title>Carpenter Technology Corp.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <name>OFG Bancorp</name>
        <lei>549300Q4QEXJ37LEXQ06</lei>
        <title>OFG Bancorp</title>
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        <assetCat>EC</assetCat>
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        <invCountry>PR</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Kemper Corp.</name>
        <lei>549300FNI1JKTRY2PV09</lei>
        <title>Kemper Corp.</title>
        <cusip>488401100</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TrueBlue, Inc.</name>
        <lei>N/A</lei>
        <title>TrueBlue, Inc.</title>
        <cusip>89785X101</cusip>
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        <balance>72355.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>EPR Properties</name>
        <lei>549300YSSXFHMPOWZ492</lei>
        <title>EPR Properties</title>
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      <invstOrSec>
        <name>Crane Co.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Universal Forest Products, Inc.</name>
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      <invstOrSec>
        <name>Edgewell Personal Care Co.</name>
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      <invstOrSec>
        <name>Kilroy Realty Corp.</name>
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        <name>MKS Instruments, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>NextGen Healthcare, Inc.</name>
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      <invstOrSec>
        <name>Hancock Whitney Corp.</name>
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        <name>FutureFuel Corp.</name>
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        <name>Corporate Office Properties Trust</name>
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      <invstOrSec>
        <name>First Industrial Realty Trust, Inc.</name>
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      <invstOrSec>
        <name>Materion Corp.</name>
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        <name>Williams-Sonoma, Inc.</name>
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        <name>CDK Global, Inc.</name>
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        <name>Omnicell, Inc.</name>
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        <name>Comfort Systems USA, Inc.</name>
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        <name>Alleghany Corp.</name>
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        <name>Lantheus Holdings, Inc.</name>
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        <name>Steven Madden Ltd.</name>
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        <name>Medicines Co. (The)</name>
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        <name>Cheesecake Factory, Inc. (The)</name>
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        <name>Integra LifeSciences Holdings Corp.</name>
        <lei>WB7IJCYY8YFTENS4O147</lei>
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        <name>Allscripts Healthcare Solutions, Inc.</name>
        <lei>Y68YJHVB1GU4TAU3C223</lei>
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        <name>Boot Barn Holdings, Inc.</name>
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        <name>Harsco Corp.</name>
        <lei>KAO98FK89NPNNPQGUZ43</lei>
        <title>Harsco Corp.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Forrester Research, Inc.</name>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Mueller Industries, Inc.</name>
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        <title>Mueller Industries, Inc.</title>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Camden Property Trust</name>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Central Garden &amp; Pet Co.</name>
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        <title>Central Garden &amp; Pet Co.</title>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Stewart Information Services Corp.</name>
        <lei>529900TV1XI0PLKENU10</lei>
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          <isin value="US8603721015"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Yelp, Inc.</name>
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        <title>Yelp, Inc.</title>
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          <isin value="US9858171054"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Unisys Corp.</name>
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        <title>Unisys Corp.</title>
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          <isin value="US9092143067"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Pinnacle Financial Partners, Inc.</name>
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        <title>Pinnacle Financial Partners, Inc.</title>
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          <isin value="US72346Q1040"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Aerojet Rocketdyne Holdings, Inc.</name>
        <lei>549300VULNLWHE8QWI76</lei>
        <title>Aerojet Rocketdyne Holdings, Inc.</title>
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          <isin value="US0078001056"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BJ's Wholesale Club Holdings, Inc.</name>
        <lei>549300UCIWH1C93V0J03</lei>
        <title>BJ's Wholesale Club Holdings, Inc.</title>
        <cusip>05550J101</cusip>
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          <isin value="US05550J1016"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Dunkin' Brands Group, Inc.</name>
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        <title>Dunkin' Brands Group, Inc.</title>
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          <isin value="US2655041000"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PNM Resources, Inc.</name>
        <lei>5493003JOBJGLZSDDQ28</lei>
        <title>PNM Resources, Inc.</title>
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        <balance>27300.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Mattel, Inc.</name>
        <lei>549300VELLG24KHTJ564</lei>
        <title>Mattel, Inc.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>PRA Health Sciences, Inc.</name>
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        <title>PRA Health Sciences, Inc.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Cathay General Bancorp</name>
        <lei>549300K1SLJ8C97H5L68</lei>
        <title>Cathay General Bancorp</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>EW Scripps Co. (The)</name>
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        <title>EW Scripps Co. (The), Class A</title>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Zumiez, Inc.</name>
        <lei>549300J0PDF58P6HZD25</lei>
        <title>Zumiez, Inc.</title>
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        <name>M/I Homes, Inc.</name>
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        <title>M/I Homes, Inc.</title>
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      <invstOrSec>
        <name>Acuity Brands, Inc.</name>
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      <invstOrSec>
        <name>Virtusa Corp.</name>
        <lei>C77OMXDER63WLJCSKT03</lei>
        <title>Virtusa Corp.</title>
        <cusip>92827P102</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Axon Enterprise, Inc.</name>
        <lei>549300QP2IEEGFE16681</lei>
        <title>Axon Enterprise, Inc.</title>
        <cusip>05464C101</cusip>
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        <assetCat>EC</assetCat>
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      <invstOrSec>
        <name>Gibraltar Industries, Inc.</name>
        <lei>N/A</lei>
        <title>Gibraltar Industries, Inc.</title>
        <cusip>374689107</cusip>
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        <assetCat>EC</assetCat>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Independence Realty Trust, Inc.</name>
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        <title>Independence Realty Trust, Inc.</title>
        <cusip>45378A106</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Kontoor Brands, Inc.</name>
        <lei>549300M0CPXV65RFF271</lei>
        <title>Kontoor Brands, Inc.</title>
        <cusip>50050N103</cusip>
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        <balance>14400.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>604656.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ProPetro Holding Corp.</name>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Newpark Resources, Inc.</name>
        <lei>54930073OHWDQW4DJN26</lei>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>West Pharmaceutical Services, Inc.</name>
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        <title>West Pharmaceutical Services, Inc.</title>
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          <isin value="US9553061055"/>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Equitrans Midstream Corp.</name>
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        <title>Equitrans Midstream Corp.</title>
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          <isin value="US2946001011"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Boston Beer Co., Inc. (The)</name>
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        <title>Boston Beer Co., Inc. (The), Class A</title>
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          <isin value="US1005571070"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Progress Software Corp.</name>
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        <title>Progress Software Corp.</title>
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          <isin value="US7433121008"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Realogy Holdings Corp.</name>
        <lei>5493004HBTOTE9DI9P12</lei>
        <title>Realogy Holdings Corp.</title>
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          <isin value="US75605Y1064"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>EnerSys</name>
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        <title>EnerSys</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>JPMorgan U.S. Government Money Market Fund</name>
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          <isin value="N/A"/>
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        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <cashCollateralCondition cashCollateralVal="4122967" isCashCollateral="Y"/>
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      <invstOrSec>
        <name>Hanmi Financial Corp.</name>
        <lei>549300MSZ7RCG7EA6587</lei>
        <title>Hanmi Financial Corp.</title>
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          <isin value="US4104952043"/>
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        <balance>44877.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>AMN Healthcare Services, Inc.</name>
        <lei>529900W3ARRTCNFH2I39</lei>
        <title>AMN Healthcare Services, Inc.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Momenta Pharmaceuticals, Inc.</name>
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        <title>Momenta Pharmaceuticals, Inc.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Marriott Vacations Worldwide Corp.</name>
        <lei>549300WA6BT5H4F7IO94</lei>
        <title>Marriott Vacations Worldwide Corp.</title>
        <cusip>57164Y107</cusip>
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          <isin value="US57164Y1073"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Avnet, Inc.</name>
        <lei>XJI53DCPL7QABOWK4Z75</lei>
        <title>Avnet, Inc.</title>
        <cusip>053807103</cusip>
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          <isin value="US0538071038"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Dime Community Bancshares, Inc.</name>
        <lei>N/A</lei>
        <title>Dime Community Bancshares, Inc.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Veritex Holdings, Inc.</name>
        <lei>549300F3SMOML02SC814</lei>
        <title>Veritex Holdings, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>ADTRAN, Inc.</name>
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        <title>ADTRAN, Inc.</title>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Prosperity Bancshares, Inc.</name>
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        <title>Prosperity Bancshares, Inc.</title>
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        <name>American Woodmark Corp.</name>
        <lei>N/A</lei>
        <title>American Woodmark Corp.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <name>Sprouts Farmers Market, Inc.</name>
        <lei>529900P8F4G77Q52XE24</lei>
        <title>Sprouts Farmers Market, Inc.</title>
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        <name>Brookline Bancorp, Inc.</name>
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        <title>Brookline Bancorp, Inc.</title>
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        <name>ArcBest Corp.</name>
        <lei>5493006S3KBNE8ZS3J23</lei>
        <title>ArcBest Corp.</title>
        <cusip>03937C105</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <name>Hanover Insurance Group, Inc. (The)</name>
        <lei>JJYR6MFKFF6CF8DBZ078</lei>
        <title>Hanover Insurance Group, Inc. (The)</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Photronics, Inc.</name>
        <lei>549300OK5JVNIBNY6F63</lei>
        <title>Photronics, Inc.</title>
        <cusip>719405102</cusip>
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        <balance>19300.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>304168.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Meredith Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Ultra Clean Holdings, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ITT, Inc.</name>
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        <title>ITT, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Ameris Bancorp</name>
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        <fairValLevel>1</fairValLevel>
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        <name>N/A</name>
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          <other otherDesc="Inhouse Sedol" value="FAH0IDX"/>
          <other otherDesc="Future Ticker" value="FAH0 Index"/>
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        <fairValLevel>1</fairValLevel>
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              <counterpartyName>CME Clearing House</counterpartyName>
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        <name>Grubhub, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Commerce Bancshares, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>WPX Energy, Inc.</name>
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        <title>WPX Energy, Inc.</title>
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        <name>TreeHouse Foods, Inc.</name>
        <lei>5493007M7EVHE470Q576</lei>
        <title>TreeHouse Foods, Inc.</title>
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        <name>XPO Logistics, Inc.</name>
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        <name>Perficient, Inc.</name>
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        <title>Perficient, Inc.</title>
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        <name>Advanced Energy Industries, Inc.</name>
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        <title>Advanced Energy Industries, Inc.</title>
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        <name>Moog, Inc.</name>
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        <title>Moog, Inc., Class A</title>
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        <name>Piper Jaffray Cos.</name>
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        <name>MarineMax, Inc.</name>
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        <name>NorthWestern Corp.</name>
        <lei>3BPWMBHR1R9SHUN7J795</lei>
        <title>NorthWestern Corp.</title>
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        <name>Eagle Materials, Inc.</name>
        <lei>529900KRXRGXL61SG039</lei>
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        <name>Cutera, Inc.</name>
        <lei>529900NPKPEWJWR21Z42</lei>
        <title>Cutera, Inc.</title>
        <cusip>232109108</cusip>
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        <name>Old Republic International Corp.</name>
        <lei>N/A</lei>
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        <name>Diplomat Pharmacy, Inc.</name>
        <lei>549300JMF6BE0NGN4Q45</lei>
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        <name>RR Donnelley &amp; Sons Co.</name>
        <lei>SU4X0P4WWRGOQDTSV032</lei>
        <title>RR Donnelley &amp; Sons Co.</title>
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        <name>Skechers U.S.A., Inc.</name>
        <lei>529900D2R54KZPA4XR56</lei>
        <title>Skechers U.S.A., Inc., Class A</title>
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        <name>PS Business Parks, Inc.</name>
        <lei>N/A</lei>
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        <name>Domino's Pizza, Inc.</name>
        <lei>5299004V0Y8MI5D9FF45</lei>
        <title>Domino's Pizza, Inc.</title>
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          <isin value="US25754A2015"/>
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        <balance>14200.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4171676.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>8x8, Inc.</name>
        <lei>254900XWSOC5U1BRW939</lei>
        <title>8x8, Inc.</title>
        <cusip>282914100</cusip>
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          <isin value="US2829141009"/>
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        <balance>34600.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>633180.00000000</valUSD>
        <pctVal>0.066711570411</pctVal>
        <payoffProfile>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="435936"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Liberty Property Trust</name>
        <lei>N/A</lei>
        <title>Liberty Property Trust</title>
        <cusip>531172104</cusip>
        <identifiers>
          <isin value="US5311721048"/>
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        <balance>70090.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4208904.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Fabrinet</name>
        <lei>5493004TETZ6IYF7CV44</lei>
        <title>Fabrinet</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG3323L1005"/>
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        <balance>41300.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2677892.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Spectrum Pharmaceuticals, Inc.</name>
        <lei>549300COU30WSP3O5I07</lei>
        <title>Spectrum Pharmaceuticals, Inc.</title>
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          <isin value="US84763A1088"/>
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        <balance>123300.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Cousins Properties, Inc.</name>
        <lei>5493007XPYD5EJABN062</lei>
        <title>Cousins Properties, Inc.</title>
        <cusip>222795502</cusip>
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          <isin value="US2227955026"/>
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        <balance>93864.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3867196.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Webster Financial Corp.</name>
        <lei>KMRURHT0VWKYS6Z5KU67</lei>
        <title>Webster Financial Corp.</title>
        <cusip>947890109</cusip>
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          <isin value="US9478901096"/>
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        <balance>30600.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1632816.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Boston Private Financial Holdings, Inc.</name>
        <lei>9LC5YYBM83TLRL460X73</lei>
        <title>Boston Private Financial Holdings, Inc.</title>
        <cusip>101119105</cusip>
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          <isin value="US1011191053"/>
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        <balance>24697.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>297104.91000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>KB Home</name>
        <lei>549300LGUCWQURMWLG09</lei>
        <title>KB Home</title>
        <cusip>48666K109</cusip>
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          <isin value="US48666K1097"/>
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        <balance>86800.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2974636.00000000</valUSD>
        <pctVal>0.313406359899</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>Colfax Corp.</name>
        <lei>635400OP2DYYYMOIYL17</lei>
        <title>Colfax Corp.</title>
        <cusip>194014106</cusip>
        <identifiers>
          <isin value="US1940141062"/>
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        <balance>29500.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1073210.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="14456"/>
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      <invstOrSec>
        <name>AMC Networks, Inc.</name>
        <lei>549300VGG9K75226LR46</lei>
        <title>AMC Networks, Inc., Class A</title>
        <cusip>00164V103</cusip>
        <identifiers>
          <isin value="US00164V1035"/>
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        <balance>27000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1066500.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>HealthStream, Inc.</name>
        <lei>529900OJ88H8635JNH64</lei>
        <title>HealthStream, Inc.</title>
        <cusip>42222N103</cusip>
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          <isin value="US42222N1037"/>
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        <balance>9800.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>266560.00000000</valUSD>
        <pctVal>0.028084646086</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>Synaptics, Inc.</name>
        <lei>549300AJ3LI4FWNRQX29</lei>
        <title>Synaptics, Inc.</title>
        <cusip>87157D109</cusip>
        <identifiers>
          <isin value="US87157D1090"/>
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        <balance>11300.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>743201.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>New York Times Co. (The)</name>
        <lei>N/A</lei>
        <title>New York Times Co. (The), Class A</title>
        <cusip>650111107</cusip>
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          <isin value="US6501111073"/>
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        <balance>14900.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>479333.00000000</valUSD>
        <pctVal>0.050502317160</pctVal>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Urban Edge Properties</name>
        <lei>N/A</lei>
        <title>Urban Edge Properties</title>
        <cusip>91704F104</cusip>
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          <isin value="US91704F1049"/>
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        <balance>55900.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1072162.00000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Landstar System, Inc.</name>
        <lei>254900CUQXQRL09MEI52</lei>
        <title>Landstar System, Inc.</title>
        <cusip>515098101</cusip>
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          <isin value="US5150981018"/>
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        <balance>25966.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2956748.42000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>William Lyon Homes</name>
        <lei>54930001WYSBMHJC4N02</lei>
        <title>William Lyon Homes, Class A</title>
        <cusip>552074700</cusip>
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        <balance>9100.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>181818.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Thor Industries, Inc.</name>
        <lei>254900XZO1228PDSG060</lei>
        <title>Thor Industries, Inc.</title>
        <cusip>885160101</cusip>
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          <isin value="US8851601018"/>
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        <balance>30039.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2231597.31000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Aegion Corp.</name>
        <lei>549300AG3DVJURRIT691</lei>
        <title>Aegion Corp.</title>
        <cusip>00770F104</cusip>
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          <isin value="US00770F1049"/>
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        <balance>8640.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>EQT Corp.</name>
        <lei>4NT01YGM4X7ZX86ISY52</lei>
        <title>EQT Corp.</title>
        <cusip>26884L109</cusip>
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        <balance>214800.00000000</balance>
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        <valUSD>2341320.00000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Viavi Solutions, Inc.</name>
        <lei>5493006K3E3N1QOBF092</lei>
        <title>Viavi Solutions, Inc.</title>
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        <balance>72600.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HMS Holdings Corp.</name>
        <lei>5299008569C65X81JE73</lei>
        <title>HMS Holdings Corp.</title>
        <cusip>40425J101</cusip>
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          <isin value="US40425J1016"/>
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        <balance>53400.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1580640.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Teradyne, Inc.</name>
        <lei>C3X4YJ278QNZHRJULN75</lei>
        <title>Teradyne, Inc.</title>
        <cusip>880770102</cusip>
        <identifiers>
          <isin value="US8807701029"/>
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        <balance>68400.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4664196.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>LogMeIn, Inc.</name>
        <lei>549300D12V5KRBV00592</lei>
        <title>LogMeIn, Inc.</title>
        <cusip>54142L109</cusip>
        <identifiers>
          <isin value="US54142L1098"/>
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        <balance>15100.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1294674.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Life Storage, Inc.</name>
        <lei>W9EE01AFDDF9DQCQZC68</lei>
        <title>Life Storage, Inc.</title>
        <cusip>53223X107</cusip>
        <identifiers>
          <isin value="US53223X1072"/>
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        <balance>16500.00000000</balance>
        <units>NS</units>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>East West Bancorp, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Senior Housing Properties Trust</name>
        <lei>N/A</lei>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>National Retail Properties, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Cree, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Michaels Cos., Inc. (The)</name>
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        <title>Michaels Cos., Inc. (The)</title>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Hubbell, Inc.</name>
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        <title>Hubbell, Inc.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>American Financial Group, Inc.</name>
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        <title>American Financial Group, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Walker &amp; Dunlop, Inc.</name>
        <lei>N/A</lei>
        <title>Walker &amp; Dunlop, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Cardtronics plc</name>
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        <title>Cardtronics plc, Class A</title>
        <cusip>N/A</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Asbury Automotive Group, Inc.</name>
        <lei>549300JH4DTA7U42GL91</lei>
        <title>Asbury Automotive Group, Inc.</title>
        <cusip>043436104</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GMS, Inc.</name>
        <lei>52990057RENOQO4U0D72</lei>
        <title>GMS, Inc.</title>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MDC Holdings, Inc.</name>
        <lei>5299005FV4VNV75R8R35</lei>
        <title>MDC Holdings, Inc.</title>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>First Solar, Inc.</name>
        <lei>549300NPYMLM4NHTOF27</lei>
        <title>First Solar, Inc.</title>
        <cusip>336433107</cusip>
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        <balance>40000.00000000</balance>
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        <fairValLevel>1</fairValLevel>
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        <name>Cypress Semiconductor Corp.</name>
        <lei>549300T2071OM26ZSE13</lei>
        <title>Cypress Semiconductor Corp.</title>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Viad Corp.</name>
        <lei>549300PXU4ZW7LPO5Y40</lei>
        <title>Viad Corp.</title>
        <cusip>92552R406</cusip>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Core-Mark Holding Co., Inc.</name>
        <lei>529900CI5YANWVE54N57</lei>
        <title>Core-Mark Holding Co., Inc.</title>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Echo Global Logistics, Inc.</name>
        <lei>N/A</lei>
        <title>Echo Global Logistics, Inc.</title>
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        <name>Innovative Industrial Properties, Inc.</name>
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        <title>Innovative Industrial Properties, Inc.</title>
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        <name>Invesco Mortgage Capital, Inc.</name>
        <lei>PV3BDP2HFZL2FNXQBL39</lei>
        <title>Invesco Mortgage Capital, Inc.</title>
        <cusip>46131B100</cusip>
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      <invstOrSec>
        <name>Cognex Corp.</name>
        <lei>549300JQTYZCLC43S226</lei>
        <title>Cognex Corp.</title>
        <cusip>192422103</cusip>
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        <name>Watts Water Technologies, Inc.</name>
        <lei>549300REJOO94ERQN318</lei>
        <title>Watts Water Technologies, Inc., Class A</title>
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        <name>Cullen/Frost Bankers, Inc.</name>
        <lei>529900V2E9G9AY665O34</lei>
        <title>Cullen/Frost Bankers, Inc.</title>
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        <invCountry>US</invCountry>
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        <name>Brink's Co. (The)</name>
        <lei>XFP140TFNOQMIVFTVQ13</lei>
        <title>Brink's Co. (The)</title>
        <cusip>109696104</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Jabil, Inc.</name>
        <lei>5493000CGCQY2OQU7669</lei>
        <title>Jabil, Inc.</title>
        <cusip>466313103</cusip>
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        <assetCat>EC</assetCat>
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        <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>Federal Signal Corp.</name>
        <lei>549300RTXZRPTNP6G884</lei>
        <title>Federal Signal Corp.</title>
        <cusip>313855108</cusip>
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          <isin value="US3138551086"/>
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        <balance>19012.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>613137.00000000</valUSD>
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        <assetCat>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>SPX Corp.</name>
        <lei>P761FCI0CPOG24I8JE10</lei>
        <title>SPX Corp.</title>
        <cusip>784635104</cusip>
        <identifiers>
          <isin value="US7846351044"/>
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        <balance>16294.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>829038.72000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Commercial Metals Co.</name>
        <lei>549300OQS2LO07ZJ7N73</lei>
        <title>Commercial Metals Co.</title>
        <cusip>201723103</cusip>
        <identifiers>
          <isin value="US2017231034"/>
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        <balance>60658.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1350853.66000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LHC Group, Inc.</name>
        <lei>5299009NPLWAMRQYZX73</lei>
        <title>LHC Group, Inc.</title>
        <cusip>50187A107</cusip>
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          <isin value="US50187A1079"/>
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        <balance>16700.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2300592.00000000</valUSD>
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        <assetCat>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>Interface, Inc.</name>
        <lei>549300VXZWQOIDFPU355</lei>
        <title>Interface, Inc.</title>
        <cusip>458665304</cusip>
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          <isin value="US4586653044"/>
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        <balance>20900.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>346731.00000000</valUSD>
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        <assetCat>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>Rent-A-Center, Inc.</name>
        <lei>529900QUHE15UQNCCJ63</lei>
        <title>Rent-A-Center, Inc.</title>
        <cusip>76009N100</cusip>
        <identifiers>
          <isin value="US76009N1000"/>
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        <balance>83000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2393720.00000000</valUSD>
        <pctVal>0.252201301879</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>PolyOne Corp.</name>
        <lei>SM8L9RZYIB34LNTWO040</lei>
        <title>PolyOne Corp.</title>
        <cusip>73179P106</cusip>
        <identifiers>
          <isin value="US73179P1066"/>
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        <balance>27200.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1000688.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Spirit Realty Capital, Inc.</name>
        <lei>549300LTU6LVPZSHMJ25</lei>
        <title>Spirit Realty Capital, Inc.</title>
        <cusip>84860W300</cusip>
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          <isin value="US84860W3007"/>
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        <balance>70200.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3452436.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="43659"/>
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      <invstOrSec>
        <name>Royal Gold, Inc.</name>
        <lei>5493001NGRU6SFL04184</lei>
        <title>Royal Gold, Inc.</title>
        <cusip>780287108</cusip>
        <identifiers>
          <isin value="US7802871084"/>
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        <balance>11500.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1405875.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Benchmark Electronics, Inc.</name>
        <lei>549300W18RHYZOZKOP53</lei>
        <title>Benchmark Electronics, Inc.</title>
        <cusip>08160H101</cusip>
        <identifiers>
          <isin value="US08160H1014"/>
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        <balance>12300.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>422628.00000000</valUSD>
        <pctVal>0.044527902933</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>Selective Insurance Group, Inc.</name>
        <lei>549300R3WGJWLE40R258</lei>
        <title>Selective Insurance Group, Inc.</title>
        <cusip>816300107</cusip>
        <identifiers>
          <isin value="US8163001071"/>
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        <balance>17281.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1126548.39000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CommVault Systems, Inc.</name>
        <lei>65T5VRP62VXG39YFML83</lei>
        <title>CommVault Systems, Inc.</title>
        <cusip>204166102</cusip>
        <identifiers>
          <isin value="US2041661024"/>
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        <balance>16500.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>736560.00000000</valUSD>
        <pctVal>0.077603642411</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>Tetra Tech, Inc.</name>
        <lei>549300UJ1LP7JGJC5P32</lei>
        <title>Tetra Tech, Inc.</title>
        <cusip>88162G103</cusip>
        <identifiers>
          <isin value="US88162G1031"/>
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        <balance>18978.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1635144.48000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Foot Locker, Inc.</name>
        <lei>549300X383CBNP6MTV94</lei>
        <title>Foot Locker, Inc.</title>
        <cusip>344849104</cusip>
        <identifiers>
          <isin value="US3448491049"/>
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        <balance>39800.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1551802.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="187344"/>
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      <invstOrSec>
        <name>First Horizon National Corp.</name>
        <lei>TF3RXI1ZB1TQ30H9JV10</lei>
        <title>First Horizon National Corp.</title>
        <cusip>320517105</cusip>
        <identifiers>
          <isin value="US3205171057"/>
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        <balance>248400.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4113504.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="764338"/>
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      <invstOrSec>
        <name>Lennox International, Inc.</name>
        <lei>S7DWAC87RDMPBF77GJ92</lei>
        <title>Lennox International, Inc.</title>
        <cusip>526107107</cusip>
        <identifiers>
          <isin value="US5261071071"/>
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        <balance>8057.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1965666.29000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>La-Z-Boy, Inc.</name>
        <lei>549300WNO1WMN9ZG2519</lei>
        <title>La-Z-Boy, Inc.</title>
        <cusip>505336107</cusip>
        <identifiers>
          <isin value="US5053361078"/>
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        <balance>14990.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>471885.20000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Select Medical Holdings Corp.</name>
        <lei>N/A</lei>
        <title>Select Medical Holdings Corp.</title>
        <cusip>81619Q105</cusip>
        <identifiers>
          <isin value="US81619Q1058"/>
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        <balance>66800.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1559112.00000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Schulman, Inc.</name>
        <lei>N/A</lei>
        <title>Schulman, Inc., CVR</title>
        <cusip>808CVR104</cusip>
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          <isin value="US808CVR1040"/>
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        <balance>27930.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>0.03000000</valUSD>
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        <assetConditional assetCat="OTHER" desc="Right"/>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>Universal Display Corp.</name>
        <lei>N/A</lei>
        <title>Universal Display Corp.</title>
        <cusip>91347P105</cusip>
        <identifiers>
          <isin value="US91347P1057"/>
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        <balance>10800.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2225556.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Urstadt Biddle Properties, Inc.</name>
        <lei>549300XXD0YL0AER3Z82</lei>
        <title>Urstadt Biddle Properties, Inc., Class A</title>
        <cusip>917286205</cusip>
        <identifiers>
          <isin value="US9172862057"/>
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        <balance>10500.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>260820.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>JPMorgan Securities Lending Money Market Fund</name>
        <lei>5493002FD4HXUJXMRO62</lei>
        <title>JPMorgan Securities Lending Money Market Fund, Class Agency SL Shares</title>
        <cusip>46645V642</cusip>
        <identifiers>
          <isin value="N/A"/>
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        <balance>36004199.40000000</balance>
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        <curCd>USD</curCd>
        <valUSD>36004199.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <cashCollateralCondition cashCollateralVal="36004199.4" isCashCollateral="Y"/>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Cirrus Logic, Inc.</name>
        <lei>549300NKSJEM5ZZSSV18</lei>
        <title>Cirrus Logic, Inc.</title>
        <cusip>172755100</cusip>
        <identifiers>
          <isin value="US1727551004"/>
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        <balance>19937.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1643008.17000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ManTech International Corp.</name>
        <lei>5299007N03CAU4SWNR02</lei>
        <title>ManTech International Corp., Class A</title>
        <cusip>564563104</cusip>
        <identifiers>
          <isin value="US5645631046"/>
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        <balance>10400.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>830752.00000000</valUSD>
        <pctVal>0.087527670713</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>MasTec, Inc.</name>
        <lei>549300TMDIT8WREDOF45</lei>
        <title>MasTec, Inc.</title>
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          <isin value="US5763231090"/>
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        <balance>57400.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Tenet Healthcare Corp.</name>
        <lei>0W9AIBT6U6ADJ2I8HK17</lei>
        <title>Tenet Healthcare Corp.</title>
        <cusip>88033G407</cusip>
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          <isin value="US88033G4073"/>
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        <balance>42600.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Pebblebrook Hotel Trust</name>
        <lei>5493004Q1NNH6JXCSI52</lei>
        <title>Pebblebrook Hotel Trust</title>
        <cusip>70509V100</cusip>
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          <isin value="US70509V1008"/>
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        <balance>18177.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Mercer International, Inc.</name>
        <lei>549300Z5IAG39VRTY874</lei>
        <title>Mercer International, Inc.</title>
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          <isin value="US5880561015"/>
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        <balance>16200.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Meritage Homes Corp.</name>
        <lei>52990044W9UMFJO2FB97</lei>
        <title>Meritage Homes Corp.</title>
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          <isin value="US59001A1025"/>
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        <balance>53200.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>OGE Energy Corp.</name>
        <lei>CE5OG6JPOZMDSA0LAQ19</lei>
        <title>OGE Energy Corp.</title>
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          <isin value="US6708371033"/>
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        <balance>79826.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Hillenbrand, Inc.</name>
        <lei>U246OE781574J2BUD366</lei>
        <title>Hillenbrand, Inc.</title>
        <cusip>431571108</cusip>
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          <isin value="US4315711089"/>
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        <balance>34500.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1149195.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>JetBlue Airways Corp.</name>
        <lei>54930070J9H97ZO93T57</lei>
        <title>JetBlue Airways Corp.</title>
        <cusip>477143101</cusip>
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          <isin value="US4771431016"/>
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        <balance>170300.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3188016.00000000</valUSD>
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        <assetCat>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>Sykes Enterprises, Inc.</name>
        <lei>549300JJ24XHULP7Q562</lei>
        <title>Sykes Enterprises, Inc.</title>
        <cusip>871237103</cusip>
        <identifiers>
          <isin value="US8712371033"/>
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        <balance>65865.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Gannett Co., Inc.</name>
        <lei>549300JQ2PU0RI3ZBA32</lei>
        <title>Gannett Co., Inc.</title>
        <cusip>36472T109</cusip>
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          <isin value="US36472T1097"/>
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        <balance>85497.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="178387.56"/>
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      <invstOrSec>
        <name>NOW, Inc.</name>
        <lei>549300AVH5SOCFVVDW91</lei>
        <title>NOW, Inc.</title>
        <cusip>67011P100</cusip>
        <identifiers>
          <isin value="US67011P1003"/>
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        <balance>107500.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1208300.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>HNI Corp.</name>
        <lei>549300SKRADLC4O5HV93</lei>
        <title>HNI Corp.</title>
        <cusip>404251100</cusip>
        <identifiers>
          <isin value="US4042511000"/>
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        <balance>17971.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>673193.66000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Stifel Financial Corp.</name>
        <lei>549300E5F07FE5GHJX84</lei>
        <title>Stifel Financial Corp.</title>
        <cusip>860630102</cusip>
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          <isin value="US8606301021"/>
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        <balance>49424.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2997565.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Medpace Holdings, Inc.</name>
        <lei>549300H8TYEUVTW14A54</lei>
        <title>Medpace Holdings, Inc.</title>
        <cusip>58506Q109</cusip>
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          <isin value="US58506Q1094"/>
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        <balance>18200.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1529892.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ABM Industries, Inc.</name>
        <lei>QF02R89VEIOROM77J447</lei>
        <title>ABM Industries, Inc.</title>
        <cusip>000957100</cusip>
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          <isin value="US0009571003"/>
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        <balance>22583.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>851604.93000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LendingTree, Inc.</name>
        <lei>549300ISY5YHUJZTON08</lei>
        <title>LendingTree, Inc.</title>
        <cusip>52603B107</cusip>
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          <isin value="US52603B1070"/>
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        <balance>2300.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>697912.00000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ARMOUR Residential REIT, Inc.</name>
        <lei>549300K0WA0EJUX74V72</lei>
        <title>ARMOUR Residential REIT, Inc.</title>
        <cusip>042315507</cusip>
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          <isin value="US0423155078"/>
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        <balance>21000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Denbury Resources, Inc.</name>
        <lei>549300KCWA5W52MS5559</lei>
        <title>Denbury Resources, Inc.</title>
        <cusip>247916208</cusip>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Molina Healthcare, Inc.</name>
        <lei>549300NQQCEQ46YHZ591</lei>
        <title>Molina Healthcare, Inc.</title>
        <cusip>60855R100</cusip>
        <identifiers>
          <isin value="US60855R1005"/>
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        <balance>42493.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5765875.17000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Agree Realty Corp.</name>
        <lei>N/A</lei>
        <title>Agree Realty Corp.</title>
        <cusip>008492100</cusip>
        <identifiers>
          <isin value="US0084921008"/>
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        <balance>17600.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1234992.00000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Extreme Networks, Inc.</name>
        <lei>549300WRECW11X94UB57</lei>
        <title>Extreme Networks, Inc.</title>
        <cusip>30226D106</cusip>
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          <isin value="US30226D1063"/>
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        <balance>152400.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1123188.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>j2 Global, Inc.</name>
        <lei>5493008OJYGLHD7MXA18</lei>
        <title>j2 Global, Inc.</title>
        <cusip>48123V102</cusip>
        <identifiers>
          <isin value="US48123V1026"/>
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        <balance>15900.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1489989.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Pitney Bowes, Inc.</name>
        <lei>549300N2O26NW4ST6W55</lei>
        <title>Pitney Bowes, Inc.</title>
        <cusip>724479100</cusip>
        <identifiers>
          <isin value="US7244791007"/>
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        <balance>58100.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>234143.00000000</valUSD>
        <pctVal>0.024669205013</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>Arcosa, Inc.</name>
        <lei>549300WFHLTCZV7D6V29</lei>
        <title>Arcosa, Inc.</title>
        <cusip>039653100</cusip>
        <identifiers>
          <isin value="US0396531008"/>
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        <balance>17300.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>770715.00000000</valUSD>
        <pctVal>0.081202198410</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>SEACOR Holdings, Inc.</name>
        <lei>549300IQTYSR1SC4II14</lei>
        <title>SEACOR Holdings, Inc.</title>
        <cusip>811904101</cusip>
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          <isin value="US8119041015"/>
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        <balance>5400.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>233010.00000000</valUSD>
        <pctVal>0.024549832624</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>MDU Resources Group, Inc.</name>
        <lei>0T6SBMK3JTBI1JR36794</lei>
        <title>MDU Resources Group, Inc.</title>
        <cusip>552690109</cusip>
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          <isin value="US5526901096"/>
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        <balance>143900.00000000</balance>
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        <valUSD>4275269.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Patterson-UTI Energy, Inc.</name>
        <lei>254900XGFBKIXD6G0697</lei>
        <title>Patterson-UTI Energy, Inc.</title>
        <cusip>703481101</cusip>
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          <isin value="US7034811015"/>
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        <balance>72700.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>763350.00000000</valUSD>
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        <assetCat>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>Kaiser Aluminum Corp.</name>
        <lei>N/A</lei>
        <title>Kaiser Aluminum Corp.</title>
        <cusip>483007704</cusip>
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          <isin value="US4830077040"/>
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        <balance>5859.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PetMed Express, Inc.</name>
        <lei>529900PGHW5ASJ1AZL48</lei>
        <title>PetMed Express, Inc.</title>
        <cusip>716382106</cusip>
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          <isin value="US7163821066"/>
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        <balance>8000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>188160.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="148864"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Wyndham Destinations, Inc.</name>
        <lei>T4VNTWMFQ7JQB65L7T35</lei>
        <title>Wyndham Destinations, Inc.</title>
        <cusip>98310W108</cusip>
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          <isin value="US98310W1080"/>
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        <balance>81400.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4207566.00000000</valUSD>
        <pctVal>0.443307330408</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>TEGNA, Inc.</name>
        <lei>549300YC5EDBGX85AO10</lei>
        <title>TEGNA, Inc.</title>
        <cusip>87901J105</cusip>
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          <isin value="US87901J1051"/>
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        <balance>185800.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3101002.00000000</valUSD>
        <pctVal>0.326720226898</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>Stepan Co.</name>
        <lei>IZU1EW9GB3WC7CYCSR17</lei>
        <title>Stepan Co.</title>
        <cusip>858586100</cusip>
        <identifiers>
          <isin value="US8585861003"/>
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        <balance>22074.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2261260.56000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Acadia Healthcare Co., Inc.</name>
        <lei>5493005CW985Y9D0NC11</lei>
        <title>Acadia Healthcare Co., Inc.</title>
        <cusip>00404A109</cusip>
        <identifiers>
          <isin value="US00404A1097"/>
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        <balance>15100.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>501622.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="184385.94999999"/>
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      <invstOrSec>
        <name>Bio-Rad Laboratories, Inc.</name>
        <lei>549300ZC1GPV35XYDK53</lei>
        <title>Bio-Rad Laboratories, Inc., Class A</title>
        <cusip>090572207</cusip>
        <identifiers>
          <isin value="US0905722072"/>
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        <balance>7000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2590210.00000000</valUSD>
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        <assetCat>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>Innophos Holdings, Inc.</name>
        <lei>XQ0331QX53IRX25OY417</lei>
        <title>Innophos Holdings, Inc.</title>
        <cusip>45774N108</cusip>
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          <isin value="US45774N1081"/>
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        <balance>6800.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>217464.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ManpowerGroup, Inc.</name>
        <lei>ERO1WSFOSR0JJ6CRQ987</lei>
        <title>ManpowerGroup, Inc.</title>
        <cusip>56418H100</cusip>
        <identifiers>
          <isin value="US56418H1005"/>
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        <balance>43885.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4261233.50000000</valUSD>
        <pctVal>0.448961714951</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>CNX Resources Corp.</name>
        <lei>549300JK3KH8PWM3B226</lei>
        <title>CNX Resources Corp.</title>
        <cusip>12653C108</cusip>
        <identifiers>
          <isin value="US12653C1080"/>
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        <balance>66800.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>591180.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>ePlus, Inc.</name>
        <lei>529900FFY8AAFJ21NE91</lei>
        <title>ePlus, Inc.</title>
        <cusip>294268107</cusip>
        <identifiers>
          <isin value="US2942681071"/>
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        <balance>13900.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1171631.00000000</valUSD>
        <pctVal>0.123442534432</pctVal>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Scotts Miracle-Gro Co. (The)</name>
        <lei>2TH9E0JTOUXOEGI2R879</lei>
        <title>Scotts Miracle-Gro Co. (The)</title>
        <cusip>810186106</cusip>
        <identifiers>
          <isin value="US8101861065"/>
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        <balance>13700.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1454666.00000000</valUSD>
        <pctVal>0.153262979379</pctVal>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Schweitzer-Mauduit International, Inc.</name>
        <lei>549300Z1FU4IDULG1R21</lei>
        <title>Schweitzer-Mauduit International, Inc.</title>
        <cusip>808541106</cusip>
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        <balance>56834.00000000</balance>
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        <valUSD>2386459.66000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Oil States International, Inc.</name>
        <lei>5493004TF4KQJGMYL777</lei>
        <title>Oil States International, Inc.</title>
        <cusip>678026105</cusip>
        <identifiers>
          <isin value="US6780261052"/>
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        <balance>20964.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>341922.84000000</valUSD>
        <pctVal>0.036024842249</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2020-01-30</ncom:dateSigned>
      <ncom:nameOfApplicant>JPMorgan Trust II</ncom:nameOfApplicant>
      <ncom:signature>Timothy J. Clemens</ncom:signature>
      <ncom:signerName>Timothy J. Clemens</ncom:signerName>
      <ncom:title>Treasurer and Principal Financial Officer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
