<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/nport" xmlns:com="http://www.sec.gov/edgar/common" xmlns:ncom="http://www.sec.gov/edgar/nportcommon" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.sec.gov/edgar/nport eis_NPORT_Filer.xsd">
  <headerData>
    <submissionType>NPORT-P</submissionType>
    <isConfidential>false</isConfidential>
    <filerInfo>

      <filer>
        <issuerCredentials>
          <cik>0000081205</cik>
          <ccc>XXXXXXXX</ccc>
        </issuerCredentials>
      </filer>


      <seriesClassInfo>
        <seriesId>S000039222</seriesId>
        <classId>C000120659</classId>
      </seriesClassInfo>


    </filerInfo>
  </headerData>
  <formData>
    <genInfo>
      <regName>Fidelity Puritan Trust</regName>
      <regFileNumber>811-00649</regFileNumber>
      <regCik>0000081205</regCik>
      <regLei>WDA1I420M36T9HTVU696</regLei>
      <regStreet1>245 Summer Street</regStreet1>
      <regCity>Boston</regCity>
      <regStateConditional regCountry="US" regState="US-MA"/>
      <regZipOrPostalCode>02210</regZipOrPostalCode>
      <regPhone>1-800-FIDELITY</regPhone>
      <seriesName>Fidelity Series Intrinsic Opportunities Fund</seriesName>
      <seriesId>S000039222</seriesId>
      <seriesLei>5493008EXZBFCH311051</seriesLei>
      <repPdEnd>2026-07-31</repPdEnd>
      <repPdDate>2026-01-31</repPdDate>
      <isFinalFiling>N</isFinalFiling>
    </genInfo>
    <fundInfo>
      <totAssets>2991047997.17</totAssets>
      <totLiabs>37270202.03</totLiabs>
      <netAssets>2953777795.14</netAssets>
      <assetsAttrMiscSec>0.00000000</assetsAttrMiscSec>
      <assetsInvested>0.00000000</assetsInvested>
      <amtPayOneYrBanksBorr>0.00000000</amtPayOneYrBanksBorr>
      <amtPayOneYrCtrldComp>0.00000000</amtPayOneYrCtrldComp>
      <amtPayOneYrOthAffil>0.00000000</amtPayOneYrOthAffil>
      <amtPayOneYrOther>0.00000000</amtPayOneYrOther>
      <amtPayAftOneYrBanksBorr>0.00000000</amtPayAftOneYrBanksBorr>
      <amtPayAftOneYrCtrldComp>0.00000000</amtPayAftOneYrCtrldComp>
      <amtPayAftOneYrOthAffil>0.00000000</amtPayAftOneYrOthAffil>
      <amtPayAftOneYrOther>0.00000000</amtPayAftOneYrOther>
      <delayDeliv>0.00000000</delayDeliv>
      <standByCommit>0.00000000</standByCommit>
      <liquidPref>0.00000000</liquidPref>
      <cshNotRptdInCorD>527155.05000000</cshNotRptdInCorD>
      <borrowers>
        <borrower aggrVal="3442824.00000000" lei="RCNB6OTYUAMMP879YW96" name="BNP PARIBAS SECURITIES CORP (GOV REPO)"/>
        <borrower aggrVal="859219.97000000" lei="549300HN4UKV1E2R3U73" name="BOFA SECURITIES INC"/>
        <borrower aggrVal="9450499.60000000" lei="MBNUM2BPBDO7JBLYG310" name="CITIGROUP GLOBAL MARKETS INC."/>
        <borrower aggrVal="3138890.00000000" lei="FOR8UP27PHTHYVLBNG30" name="GOLDMAN SACHS and CO LLC (GOV REPO)"/>
        <borrower aggrVal="144900.00000000" lei="ZBUT11V806EZRVTWT807" name="JPMORGAN SECURITIES LLC"/>
        <borrower aggrVal="21381230.47000000" lei="9R7GPTSO7KV3UQJZQ078" name="MORGAN STANLEY and CO LLC"/>
        <borrower aggrVal="380718.54000000" lei="OXTKY6Q8X53C9ILVV871" name="NOMURA SECURITIES INTERNATIONAL INC"/>
        <borrower aggrVal="14278546.50000000" lei="571474TGEMMWANRLN572" name="STATE STREET BANK AND TRUST COMPANY"/>
      </borrowers>
      <aggregateCondition isNonCashCollateral="Y">
        <aggregateInfos>
          <aggregateInfo amt="17578631.00000000" collatrl="16999585.53000000">
            <invstCat>UST</invstCat>
          </aggregateInfo>
        </aggregateInfos>
      </aggregateCondition>
      <returnInfo>
        <monthlyTotReturns>
          <monthlyTotReturn classId="C000120659" rtn1="2.26000000" rtn2="1.09000000" rtn3="4.52000000"/>
        </monthlyTotReturns>
        <monthlyReturnCats>
          <commodityContracts>
            <mon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            <mon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            <mon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            <forwardCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </forwardCategory>
            <futureCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </futureCategory>
            <optionCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </optionCategory>
            <swaptionCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </swaptionCategory>
            <swapCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </swapCategory>
            <warrantCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </warrantCategory>
            <otherCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </otherCategory>
          </commodityContracts>
          <creditContracts>
            <mon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            <mon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            <mon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            <forwardCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </forwardCategory>
            <futureCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </futureCategory>
            <optionCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </optionCategory>
            <swaptionCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </swaptionCategory>
            <swapCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </swapCategory>
            <warrantCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </warrantCategory>
            <otherCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </otherCategory>
          </creditContracts>
          <equityContracts>
            <mon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            <mon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            <mon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            <forwardCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </forwardCategory>
            <futureCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </futureCategory>
            <optionCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </optionCategory>
            <swaptionCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </swaptionCategory>
            <swapCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </swapCategory>
            <warrantCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </warrantCategory>
            <otherCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </otherCategory>
          </equityContracts>
          <foreignExchgContracts>
            <mon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            <mon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            <mon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            <forwardCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </forwardCategory>
            <futureCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </futureCategory>
            <optionCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </optionCategory>
            <swaptionCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </swaptionCategory>
            <swapCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </swapCategory>
            <warrantCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </warrantCategory>
            <otherCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </otherCategory>
          </foreignExchgContracts>
          <interestRtContracts>
            <mon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            <mon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            <mon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            <forwardCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </forwardCategory>
            <futureCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </futureCategory>
            <optionCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </optionCategory>
            <swaptionCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </swaptionCategory>
            <swapCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </swapCategory>
            <warrantCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </warrantCategory>
            <otherCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </otherCategory>
          </interestRtContracts>
          <otherContracts>
            <mon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            <mon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            <mon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            <forwardCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </forwardCategory>
            <futureCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </futureCategory>
            <optionCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </optionCategory>
            <swaptionCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </swaptionCategory>
            <swapCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </swapCategory>
            <warrantCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </warrantCategory>
            <otherCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </otherCategory>
          </otherContracts>
        </monthlyReturnCats>
        <othMon1 netRealizedGain="19520157.50000000" netUnrealizedAppr="35661690.45000000"/>
        <othMon2 netRealizedGain="16119704.65000000" netUnrealizedAppr="8815797.77000000"/>
        <othMon3 netRealizedGain="31040255.18000000" netUnrealizedAppr="95758001.96000000"/>
      </returnInfo>
      <mon1Flow redemption="19808885.08000000" reinvestment="0.00000000" sales="8608363.57000000"/>
      <mon2Flow redemption="42139196.21000000" reinvestment="89295099.84000000" sales="24638534.53000000"/>
      <mon3Flow redemption="33971331.25000000" reinvestment="0.00000000" sales="16603499.70000000"/>



    </fundInfo>
    <invstOrSecs>
      <invstOrSec>
        <name>ACNB CORP</name>
        <lei>N/A</lei>
        <title>ACNB CORPORATION</title>
        <cusip>000868109</cusip>
        <identifiers>
          <isin value="US0008681092"/>
        </identifiers>
        <balance>25200.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1273104.00000000</valUSD>
        <pctVal>0.043100872452</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>ACUITY INC</name>
        <lei>N/A</lei>
        <title>ACUITY INC</title>
        <cusip>00508Y102</cusip>
        <identifiers>
          <isin value="US00508Y1029"/>
        </identifiers>
        <balance>35600.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>11008944.00000000</valUSD>
        <pctVal>0.372707250291</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>ADVANCE AUTO PARTS INC</name>
        <lei>529900UCNQ5H9FSL0Y70</lei>
        <title>ADVANCE AUTO PARTS INC</title>
        <cusip>00751Y106</cusip>
        <identifiers>
          <isin value="US00751Y1064"/>
        </identifiers>
        <balance>153900.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7388739.00000000</valUSD>
        <pctVal>0.250145390494</pctVal>
        <payoffProfile>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="7211102.00000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LAZARD INC</name>
        <lei>254900RIBCDJSUFG1A11</lei>
        <title>LAZARD INC</title>
        <cusip>52110M109</cusip>
        <identifiers>
          <isin value="US52110M1099"/>
        </identifiers>
        <balance>466922.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>25083049.84000000</valUSD>
        <pctVal>0.849185401869</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>SYSTEM RESEARCH CO LTD</name>
        <lei>N/A</lei>
        <title>SYSTEM RESEARCH CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3351070002"/>
        </identifiers>
        <balance>187600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.76000000"/>
        <valUSD>2380759.89000000</valUSD>
        <pctVal>0.080600507388</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="380718.54000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AMDOCS LIMITED</name>
        <lei>549300HQV672RJ7RQV66</lei>
        <title>AMDOCS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB0022569080"/>
        </identifiers>
        <balance>230900.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>18919946.00000000</valUSD>
        <pctVal>0.640533828615</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AEON CREDIT SERVICE ASIA CO LTD</name>
        <lei>N/A</lei>
        <title>AEON CREDIT SRVC (ASIA) CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="HK0900002681"/>
        </identifiers>
        <balance>4561940.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.81210000"/>
        <valUSD>4350488.73000000</valUSD>
        <pctVal>0.147285579069</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ALIMENTATION COUCHE-TARD INC</name>
        <lei>549300OSW32RVX8CCZ87</lei>
        <title>ALIMENTATION COUCHE-TARD INC</title>
        <cusip>01626P148</cusip>
        <identifiers>
          <isin value="CA01626P1484"/>
        </identifiers>
        <balance>328400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.36165000"/>
        <valUSD>17085048.29000000</valUSD>
        <pctVal>0.578413458118</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ALLIANCEBERNSTEIN HOLDING LP</name>
        <lei>N/A</lei>
        <title>ALLIANCEBERNSTEIN HOLDING LP</title>
        <cusip>01881G106</cusip>
        <identifiers>
          <isin value="US01881G1067"/>
        </identifiers>
        <balance>434800.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>18496392.00000000</valUSD>
        <pctVal>0.626194429060</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>ALLIENT INC</name>
        <lei>549300I2LHAWYGNBPM97</lei>
        <title>ALLIENT INC</title>
        <cusip>019330109</cusip>
        <identifiers>
          <isin value="US0193301092"/>
        </identifiers>
        <balance>272500.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>16625225.00000000</valUSD>
        <pctVal>0.562846163558</pctVal>
        <payoffProfile>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="372161.00000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MARR SPA</name>
        <lei>815600576D5536AC7B34</lei>
        <title>MARR SPA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IT0003428445"/>
        </identifiers>
        <balance>406500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84363268"/>
        <valUSD>4317329.20000000</valUSD>
        <pctVal>0.146162964834</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="262024.17000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TOCALO CO LTD</name>
        <lei>N/A</lei>
        <title>TOCALO CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3552290003"/>
        </identifiers>
        <balance>149700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.76000000"/>
        <valUSD>2496612.17000000</valUSD>
        <pctVal>0.084522680551</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ALTECH CORP</name>
        <lei>N/A</lei>
        <title>ALTECH CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3126350002"/>
        </identifiers>
        <balance>35953.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.76000000"/>
        <valUSD>610058.01000000</valUSD>
        <pctVal>0.020653483515</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AMERICAN FINL GROUP INC OHIO</name>
        <lei>549300AFOM7IVKIU1G39</lei>
        <title>AMERICAN FINL GROUP INC OHIO</title>
        <cusip>025932104</cusip>
        <identifiers>
          <isin value="US0259321042"/>
        </identifiers>
        <balance>113100.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>14733537.00000000</valUSD>
        <pctVal>0.498803160625</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>AMERIPRISE FINL INC</name>
        <lei>6ZLKQF7QB6JAEKQS5388</lei>
        <title>AMERIPRISE FINANCIAL INC</title>
        <cusip>03076C106</cusip>
        <identifiers>
          <isin value="US03076C1062"/>
        </identifiers>
        <balance>20000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>10543800.00000000</valUSD>
        <pctVal>0.356959823360</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>ANTERO RESOURCES CORPORATION</name>
        <lei>APVBKPOULHUX7YZLKU17</lei>
        <title>ANTERO RES CORP</title>
        <cusip>03674X106</cusip>
        <identifiers>
          <isin value="US03674X1063"/>
        </identifiers>
        <balance>615900.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>22400283.00000000</valUSD>
        <pctVal>0.758360464245</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>ELEVANCE HEALTH INC</name>
        <lei>8MYN82XMYQH89CTMTH67</lei>
        <title>ELEVANCE HEALTH INC</title>
        <cusip>036752103</cusip>
        <identifiers>
          <isin value="US0367521038"/>
        </identifiers>
        <balance>29100.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>10061034.00000000</valUSD>
        <pctVal>0.340615804498</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>ARCLANDS CORP</name>
        <lei>N/A</lei>
        <title>ARCLANDS CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3100100001"/>
        </identifiers>
        <balance>345500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.76000000"/>
        <valUSD>4272983.98000000</valUSD>
        <pctVal>0.144661659622</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SUMCO CORP</name>
        <lei>353800SUSRUOM0V6KU92</lei>
        <title>SUMCO CORPORATION</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3322930003"/>
        </identifiers>
        <balance>483400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.76000000"/>
        <valUSD>5041403.46000000</valUSD>
        <pctVal>0.170676462809</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SHENZHOU INTL GROUP HLDGS LTD</name>
        <lei>529900B4W41TCUKJFM73</lei>
        <title>SHENZHOU INTL GROUP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG8087W1015"/>
        </identifiers>
        <balance>384100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.81210000"/>
        <valUSD>3063123.87000000</valUSD>
        <pctVal>0.103701905913</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ARMANINO FOODS OF DISTINCTION INC</name>
        <lei>N/A</lei>
        <title>ARMANINO FOODS DISTINCTION INC</title>
        <cusip>042166801</cusip>
        <identifiers>
          <isin value="US0421668015"/>
        </identifiers>
        <balance>126028.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1499607.17000000</valUSD>
        <pctVal>0.050769125980</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>ASSOCIATED BANC CORP</name>
        <lei>549300N3CIN473IW5094</lei>
        <title>ASSOCIATED BANC CORP</title>
        <cusip>045487105</cusip>
        <identifiers>
          <isin value="US0454871056"/>
        </identifiers>
        <balance>577800.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>15750828.00000000</valUSD>
        <pctVal>0.533243496715</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>MCJ CO LTD</name>
        <lei>N/A</lei>
        <title>MCJ CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3167420003"/>
        </identifiers>
        <balance>366800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.76000000"/>
        <valUSD>3728201.09000000</valUSD>
        <pctVal>0.126218062040</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BRP INC</name>
        <lei>529900EPQGESIRCPY551</lei>
        <title>BRP INC</title>
        <cusip>05577W200</cusip>
        <identifiers>
          <isin value="CA05577W2004"/>
        </identifiers>
        <balance>47100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.36165000"/>
        <valUSD>3554854.04000000</valUSD>
        <pctVal>0.120349406304</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BANK NEW YORK MELLON CORP</name>
        <lei>WFLLPEPC7FZXENRZV188</lei>
        <title>BANK OF NEW YORK MELLON CORP</title>
        <cusip>064058100</cusip>
        <identifiers>
          <isin value="US0640581007"/>
        </identifiers>
        <balance>97100.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>11644232.00000000</valUSD>
        <pctVal>0.394214893860</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>BAR HARBOR BANKSHARES</name>
        <lei>N/A</lei>
        <title>BAR HARBOR BANKSHARES</title>
        <cusip>066849100</cusip>
        <identifiers>
          <isin value="US0668491006"/>
        </identifiers>
        <balance>45972.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1558910.52000000</valUSD>
        <pctVal>0.052776837938</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BELDEN INC</name>
        <lei>68BKYO1JC791TTJHUE82</lei>
        <title>BELDEN INC</title>
        <cusip>077454106</cusip>
        <identifiers>
          <isin value="US0774541066"/>
        </identifiers>
        <balance>111900.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>13149369.00000000</valUSD>
        <pctVal>0.445171231960</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>CIE AUTOMOTIVE SA</name>
        <lei>95980020140005381252</lei>
        <title>CIE AUTOMOTIVE SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ES0105630315"/>
        </identifiers>
        <balance>378000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84363268"/>
        <valUSD>12904194.28000000</valUSD>
        <pctVal>0.436870854037</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>REDINGTON INDIA LTD</name>
        <lei>335800DTFNX7F2LM5227</lei>
        <title>REDINGTON INDIA LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE891D01026"/>
        </identifiers>
        <balance>739442.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="91.69400000"/>
        <valUSD>2189036.70000000</valUSD>
        <pctVal>0.074109728348</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BIOGEN INC</name>
        <lei>W8J5WZB5IY3K0NDQT671</lei>
        <title>BIOGEN INC</title>
        <cusip>09062X103</cusip>
        <identifiers>
          <isin value="US09062X1037"/>
        </identifiers>
        <balance>82700.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>14876903.00000000</valUSD>
        <pctVal>0.503656809407</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>AUTOHELLAS SA</name>
        <lei>213800DNMN314TEZPP87</lei>
        <title>AUTOHELLAS SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GRS337003008"/>
        </identifiers>
        <balance>237000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84363268"/>
        <valUSD>3646444.80000000</valUSD>
        <pctVal>0.123450206918</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BRADY CORPORATION</name>
        <lei>549300G2LEQOFQC8GY34</lei>
        <title>BRADY CORPORATION CL A</title>
        <cusip>104674106</cusip>
        <identifiers>
          <isin value="US1046741062"/>
        </identifiers>
        <balance>172000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>14872840.00000000</valUSD>
        <pctVal>0.503519256745</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>BREMBO N.V.</name>
        <lei>549300BLWVJN2BAT0A44</lei>
        <title>BREMBO N.V.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NL0015001KT6"/>
        </identifiers>
        <balance>53200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84363268"/>
        <valUSD>639434.69000000</valUSD>
        <pctVal>0.021648029552</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DUNELM GROUP PLC</name>
        <lei>213800WCOWEI3T5DUV19</lei>
        <title>DUNELM GROUP PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00B1CKQ739"/>
        </identifiers>
        <balance>129500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73080718"/>
        <valUSD>1637340.24000000</valUSD>
        <pctVal>0.055432072198</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BRUNSWICK CORP</name>
        <lei>YM4O38W15AX4YLLQKU27</lei>
        <title>BRUNSWICK CORP</title>
        <cusip>117043109</cusip>
        <identifiers>
          <isin value="US1170431092"/>
        </identifiers>
        <balance>77900.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6249138.00000000</valUSD>
        <pctVal>0.211564255452</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>BUILDERS FIRSTSOURCE INC</name>
        <lei>549300W0SKP6L3H7DP63</lei>
        <title>BUILDERS FIRSTSOURCE</title>
        <cusip>12008R107</cusip>
        <identifiers>
          <isin value="US12008R1077"/>
        </identifiers>
        <balance>91900.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>10513360.00000000</valUSD>
        <pctVal>0.355929278678</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>CBIZ INC</name>
        <lei>529900D5X8CFM8O1N813</lei>
        <title>CBIZ INC</title>
        <cusip>124805102</cusip>
        <identifiers>
          <isin value="US1248051021"/>
        </identifiers>
        <balance>172540.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6789449.00000000</valUSD>
        <pctVal>0.229856457421</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>CDW CORP</name>
        <lei>9845001B052ABF0B6755</lei>
        <title>CDW CORPORATION</title>
        <cusip>12514G108</cusip>
        <identifiers>
          <isin value="US12514G1085"/>
        </identifiers>
        <balance>49700.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6281583.00000000</valUSD>
        <pctVal>0.212662679309</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>CVS HEALTH CORP</name>
        <lei>549300EJG376EN5NQE29</lei>
        <title>CVS HEALTH CORP</title>
        <cusip>126650100</cusip>
        <identifiers>
          <isin value="US1266501006"/>
        </identifiers>
        <balance>288200.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>21476664.00000000</valUSD>
        <pctVal>0.727091389045</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>CACI INTERNATIONAL INC</name>
        <lei>SYRPI2D1O9WRTS2WX210</lei>
        <title>CACI INTERNATIONAL INC</title>
        <cusip>127190304</cusip>
        <identifiers>
          <isin value="US1271903049"/>
        </identifiers>
        <balance>19600.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>12163368.00000000</valUSD>
        <pctVal>0.411790217260</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>C UYEMURA and CO LTD</name>
        <lei>N/A</lei>
        <title>UYEMURA (C) and CO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3155350006"/>
        </identifiers>
        <balance>41800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.76000000"/>
        <valUSD>4823907.99000000</valUSD>
        <pctVal>0.163313164515</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALERES INC</name>
        <lei>JFU6RQQJ8Z1CPOLBXQ18</lei>
        <title>CALERES INC</title>
        <cusip>129500104</cusip>
        <identifiers>
          <isin value="US1295001044"/>
        </identifiers>
        <balance>226667.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2769870.74000000</valUSD>
        <pctVal>0.093773835816</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>CAMDEN NATIONAL CORP</name>
        <lei>549300ZVEDL2L8UW4F28</lei>
        <title>CAMDEN NATIONAL CORP</title>
        <cusip>133034108</cusip>
        <identifiers>
          <isin value="US1330341082"/>
        </identifiers>
        <balance>44243.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2104639.51000000</valUSD>
        <pctVal>0.071252465688</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>CAMDEN PROPERTY TRUST</name>
        <lei>5493002MYX22OHYJBD89</lei>
        <title>CAMDEN PROPERTY TRUST - REIT</title>
        <cusip>133131102</cusip>
        <identifiers>
          <isin value="US1331311027"/>
        </identifiers>
        <balance>76500.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8342325.00000000</valUSD>
        <pctVal>0.282428996985</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>CAPITAL ONE FINANCIAL CORP</name>
        <lei>ZUE8T73ROZOF6FLBAR73</lei>
        <title>CAPITAL ONE FINANCIAL CORP</title>
        <cusip>14040H105</cusip>
        <identifiers>
          <isin value="US14040H1059"/>
        </identifiers>
        <balance>76946.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>16845787.78000000</valUSD>
        <pctVal>0.570313305480</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>CARRIAGE SERVICES INC</name>
        <lei>N/A</lei>
        <title>CARRIAGE SERVICES INC</title>
        <cusip>143905107</cusip>
        <identifiers>
          <isin value="US1439051079"/>
        </identifiers>
        <balance>116300.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4990433.00000000</valUSD>
        <pctVal>0.168950860427</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>GENPACT LTD</name>
        <lei>529900OSEC6Q0L4L5B35</lei>
        <title>GENPACT LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BMG3922B1072"/>
        </identifiers>
        <balance>435800.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>19218780.00000000</valUSD>
        <pctVal>0.650650838787</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHEESECAKE FACTORY (THE)</name>
        <lei>529900872XMLK10SY247</lei>
        <title>CHEESECAKE FACTORY INC</title>
        <cusip>163072101</cusip>
        <identifiers>
          <isin value="US1630721017"/>
        </identifiers>
        <balance>228600.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>13249656.00000000</valUSD>
        <pctVal>0.448566443345</pctVal>
        <payoffProfile>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="4254264.00000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VSTECS HOLDINGS LTD</name>
        <lei>N/A</lei>
        <title>VSTECS HOLDINGS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG9400C1116"/>
        </identifiers>
        <balance>5253800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.81210000"/>
        <valUSD>5218761.66000000</valUSD>
        <pctVal>0.176680915828</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CITIGROUP INC</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>CITIGROUP INC</title>
        <cusip>172967424</cusip>
        <identifiers>
          <isin value="US1729674242"/>
        </identifiers>
        <balance>230900.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>26717439.00000000</valUSD>
        <pctVal>0.904517565402</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>COCA COLA HBC AG</name>
        <lei>549300EFP3TNG7JGVE49</lei>
        <title>COCA COLA HBC AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CH0198251305"/>
        </identifiers>
        <balance>110900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73080718"/>
        <valUSD>5994125.56000000</valUSD>
        <pctVal>0.202930822009</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COGNIZANT TECHNOLOGY SOLUTIONS CORP</name>
        <lei>5493006IEVQEFQO40L83</lei>
        <title>COGNIZANT TECH SOLUTIONS CL A</title>
        <cusip>192446102</cusip>
        <identifiers>
          <isin value="US1924461023"/>
        </identifiers>
        <balance>73300.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6014998.00000000</valUSD>
        <pctVal>0.203637457424</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>GENOMMA LAB INTERNACIONAL SA</name>
        <lei>984500B7084AA76ACF85</lei>
        <title>GENOMMA LAB INTERNACIONAL SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MX01LA010006"/>
        </identifiers>
        <balance>1685400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="17.47600000"/>
        <valUSD>1614419.55000000</valUSD>
        <pctVal>0.054656093381</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SIGNET JEWELERS LTD</name>
        <lei>549300N3XPGE91WV7M22</lei>
        <title>SIGNET JEWELERS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BMG812761002"/>
        </identifiers>
        <balance>148600.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>13711322.00000000</valUSD>
        <pctVal>0.464196122760</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VALUE ADDED TECHNOLOGIES CO LTD</name>
        <lei>N/A</lei>
        <title>VALUE ADDED TECHNOLOGIES CO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7043150002"/>
        </identifiers>
        <balance>55500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1450.73000000"/>
        <valUSD>789998.83000000</valUSD>
        <pctVal>0.026745371005</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CONSTELLATION BRANDS INC</name>
        <lei>5493005GKEG8QCVY7037</lei>
        <title>CONSTELLATION BRANDS INC CL A</title>
        <cusip>21036P108</cusip>
        <identifiers>
          <isin value="US21036P1084"/>
        </identifiers>
        <balance>90200.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>14134340.00000000</valUSD>
        <pctVal>0.478517376061</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>STEF TFE</name>
        <lei>9695008BIKG0E486UL47</lei>
        <title>STEF TFE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0000064271"/>
        </identifiers>
        <balance>29960.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84363268"/>
        <valUSD>4446238.38000000</valUSD>
        <pctVal>0.150527178696</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ACOMO NV</name>
        <lei>7245001M40ANG7IIS437</lei>
        <title>ACOMO NV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NL0000313286"/>
        </identifiers>
        <balance>173300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84363268"/>
        <valUSD>5104715.72000000</valUSD>
        <pctVal>0.172819896215</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CROCS INC</name>
        <lei>549300B0J6YCXD63OG72</lei>
        <title>CROCS INC</title>
        <cusip>227046109</cusip>
        <identifiers>
          <isin value="US2270461096"/>
        </identifiers>
        <balance>158300.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>13284536.00000000</valUSD>
        <pctVal>0.449747304007</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>CRESCO LTD</name>
        <lei>N/A</lei>
        <title>CRESCO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3271100004"/>
        </identifiers>
        <balance>201600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.76000000"/>
        <valUSD>2180656.50000000</valUSD>
        <pctVal>0.073826017095</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CUMMINS INC</name>
        <lei>ZUNI8PYC725B6H8JU438</lei>
        <title>CUMMINS INC</title>
        <cusip>231021106</cusip>
        <identifiers>
          <isin value="US2310211063"/>
        </identifiers>
        <balance>22400.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>12965568.00000000</valUSD>
        <pctVal>0.438948658268</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>DR HORTON INC</name>
        <lei>529900ZIUEYVSB8QDD25</lei>
        <title>DR HORTON INC</title>
        <cusip>23331A109</cusip>
        <identifiers>
          <isin value="US23331A1097"/>
        </identifiers>
        <balance>82700.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>12309068.00000000</valUSD>
        <pctVal>0.416722883496</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>MERCEDES-BENZ GROUP AG</name>
        <lei>529900R27DL06UVNT076</lei>
        <title>MERCEDES-BENZ GROUP AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE0007100000"/>
        </identifiers>
        <balance>37900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84363268"/>
        <valUSD>2590247.01000000</valUSD>
        <pctVal>0.087692683392</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JET2 PLC</name>
        <lei>I72RQ3PNLDPW8R7JIJ56</lei>
        <title>JET2 PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00B1722W11"/>
        </identifiers>
        <balance>252465.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73080718"/>
        <valUSD>4273346.15000000</valUSD>
        <pctVal>0.144673920869</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DCC PLC</name>
        <lei>213800UPS1QEE4TD3T45</lei>
        <title>DCC PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IE0002424939"/>
        </identifiers>
        <balance>184600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73080718"/>
        <valUSD>11710415.87000000</valUSD>
        <pctVal>0.396455545480</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BANKINTER SA</name>
        <lei>VWMYAEQSTOPNV0SUGU82</lei>
        <title>BANKINTER SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ES0113679I37"/>
        </identifiers>
        <balance>155300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84363268"/>
        <valUSD>2654503.62000000</valUSD>
        <pctVal>0.089868087720</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DAIWA INDUSTRIES LTD</name>
        <lei>N/A</lei>
        <title>DAIWA INDUSTRIES LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3505800007"/>
        </identifiers>
        <balance>598600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.76000000"/>
        <valUSD>6006886.79000000</valUSD>
        <pctVal>0.203362852814</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DIAMONDBACK ENERGY INC</name>
        <lei>549300R22LSX6OHWEN64</lei>
        <title>DIAMONDBACK ENERGY INC</title>
        <cusip>25278X109</cusip>
        <identifiers>
          <isin value="US25278X1090"/>
        </identifiers>
        <balance>191000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>31314450.00000000</valUSD>
        <pctVal>1.060149143633</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>DICKS SPORTING GOODS INC</name>
        <lei>529900SSBV5I4LWSK313</lei>
        <title>DICKS SPORTING GOODS INC</title>
        <cusip>253393102</cusip>
        <identifiers>
          <isin value="US2533931026"/>
        </identifiers>
        <balance>58600.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>11837200.00000000</valUSD>
        <pctVal>0.400747815880</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DIODES INC</name>
        <lei>549300XP2X1ARVH3BX23</lei>
        <title>DIODES INC</title>
        <cusip>254543101</cusip>
        <identifiers>
          <isin value="US2545431015"/>
        </identifiers>
        <balance>245400.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>14525226.00000000</valUSD>
        <pctVal>0.491750802104</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>DOLLAR TREE INC</name>
        <lei>549300PMSTQITB1WHR43</lei>
        <title>DOLLAR TREE INC</title>
        <cusip>256746108</cusip>
        <identifiers>
          <isin value="US2567461080"/>
        </identifiers>
        <balance>105800.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>12441022.00000000</valUSD>
        <pctVal>0.421190179588</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>KEURIG DR PEPPER INC</name>
        <lei>DYTQ8KRTKO7Y2BVU5K74</lei>
        <title>KEURIG DR PEPPER INC</title>
        <cusip>49271V100</cusip>
        <identifiers>
          <isin value="US49271V1008"/>
        </identifiers>
        <balance>409400.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>11233936.00000000</valUSD>
        <pctVal>0.380324343235</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LCI INDUSTRIES</name>
        <lei>549300E1B98YNJ1WIQ04</lei>
        <title>LCI INDUSTRIES</title>
        <cusip>50189K103</cusip>
        <identifiers>
          <isin value="US50189K1034"/>
        </identifiers>
        <balance>52600.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7715894.00000000</valUSD>
        <pctVal>0.261221206710</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EAGLE MATLS INC</name>
        <lei>529900KRXRGXL61SG039</lei>
        <title>EAGLE MATERIALS INC</title>
        <cusip>26969P108</cusip>
        <identifiers>
          <isin value="US26969P1084"/>
        </identifiers>
        <balance>92000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>18750520.00000000</valUSD>
        <pctVal>0.634797919831</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>EAST WEST BANCORP INC</name>
        <lei>254900O4X656YXFOYB11</lei>
        <title>EAST WEST BANCORP INC</title>
        <cusip>27579R104</cusip>
        <identifiers>
          <isin value="US27579R1041"/>
        </identifiers>
        <balance>123300.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>14110452.00000000</valUSD>
        <pctVal>0.477708649012</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>RS GROUP PLC</name>
        <lei>549300KVXDURRKVW7R37</lei>
        <title>RS GROUP PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB0003096442"/>
        </identifiers>
        <balance>1412049.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73080718"/>
        <valUSD>12945587.51000000</valUSD>
        <pctVal>0.438272219775</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ENERGY TRANSFER LP</name>
        <lei>MTLVN9N7JE8MIBIJ1H73</lei>
        <title>ENERGY TRANSFER LP</title>
        <cusip>29273V100</cusip>
        <identifiers>
          <isin value="US29273V1008"/>
        </identifiers>
        <balance>690500.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>12739725.00000000</valUSD>
        <pctVal>0.431302754762</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>ENPRO INC</name>
        <lei>549300Y5CFT2LKCFDN54</lei>
        <title>ENPRO INC</title>
        <cusip>29355X107</cusip>
        <identifiers>
          <isin value="US29355X1072"/>
        </identifiers>
        <balance>53700.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>12822486.00000000</valUSD>
        <pctVal>0.434104624291</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>EVERTEC INC</name>
        <lei>N/A</lei>
        <title>EVERTEC INC</title>
        <cusip>30040P103</cusip>
        <identifiers>
          <isin value="PR30040P1032"/>
        </identifiers>
        <balance>355300.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>10662553.00000000</valUSD>
        <pctVal>0.360980200255</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FNB CORP PA</name>
        <lei>PCYSKIGYNYFDTBLVZU83</lei>
        <title>FNB CORP PA</title>
        <cusip>302520101</cusip>
        <identifiers>
          <isin value="US3025201019"/>
        </identifiers>
        <balance>1063800.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>18669690.00000000</valUSD>
        <pctVal>0.632061424211</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>FEDERATED HERMES INC</name>
        <lei>R05X5UQ874RGFF7HHD84</lei>
        <title>FEDERATED HERMES INC</title>
        <cusip>314211103</cusip>
        <identifiers>
          <isin value="US3142111034"/>
        </identifiers>
        <balance>296400.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>15792192.00000000</valUSD>
        <pctVal>0.534643872873</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>FEDEX CORP</name>
        <lei>549300E707U7WNPZN687</lei>
        <title>FEDEX CORP</title>
        <cusip>31428X106</cusip>
        <identifiers>
          <isin value="US31428X1063"/>
        </identifiers>
        <balance>52700.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>16982575.00000000</valUSD>
        <pctVal>0.574944229993</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>Fidelity Revere Street Trust</name>
        <lei>549300BDV45LJNXBZC55</lei>
        <title>Fidelity Cash Central Fund</title>
        <cusip>31635A105</cusip>
        <identifiers>
          <isin value="US31635A1051"/>
        </identifiers>
        <balance>78594739.08300000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>78610458.03000000</valUSD>
        <pctVal>2.661353137644</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fidelity Revere Street Trust</name>
        <lei>549300BDV45LJNXBZC55</lei>
        <title>Fidelity Securities Lending Cash Central Fund</title>
        <cusip>31635A303</cusip>
        <identifiers>
          <isin value="US31635A3032"/>
        </identifiers>
        <balance>37280182.13100000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>37283910.15000000</valUSD>
        <pctVal>1.262244919416</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <cashCollateralCondition cashCollateralVal="37283910.15000000" isCashCollateral="Y"/>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FIRST AMERICAN FINANCIAL CORP</name>
        <lei>549300B6VEZK3N0A1P55</lei>
        <title>FIRST AMERICAN FINANCIAL CORP</title>
        <cusip>31847R102</cusip>
        <identifiers>
          <isin value="US31847R1023"/>
        </identifiers>
        <balance>257200.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>16249896.00000000</valUSD>
        <pctVal>0.550139418975</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FIRST BANCORP P R</name>
        <lei>N/A</lei>
        <title>FIRST BANCORP PUERTO RICO</title>
        <cusip>318672706</cusip>
        <identifiers>
          <isin value="PR3186727065"/>
        </identifiers>
        <balance>300100.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6638212.00000000</valUSD>
        <pctVal>0.224736336325</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AQ GROUP AB</name>
        <lei>549300CN568MD1JD3E40</lei>
        <title>AQ GROUP AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0022062196"/>
        </identifiers>
        <balance>208320.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="8.90750000"/>
        <valUSD>4581519.84000000</valUSD>
        <pctVal>0.155107125781</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EURO CERAMICS LTD</name>
        <lei>N/A</lei>
        <title>EURO CERAMICS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE649H01011"/>
        </identifiers>
        <balance>5000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="91.69400000"/>
        <valUSD>0.01000000</valUSD>
        <pctVal>0.000000000338</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CORPAY INC</name>
        <lei>549300DG6RR0NQSFLN74</lei>
        <title>CORPAY INC</title>
        <cusip>219948106</cusip>
        <identifiers>
          <isin value="US2199481068"/>
        </identifiers>
        <balance>51000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>16046130.00000000</valUSD>
        <pctVal>0.543240931203</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>SINOPHARM GROUP CO LTD</name>
        <lei>529900N54X78YH9JYK92</lei>
        <title>SINOPHARM GROUP CO LTD H</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000FN7"/>
        </identifiers>
        <balance>3767437.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.81210000"/>
        <valUSD>10069518.38000000</valUSD>
        <pctVal>0.340903042759</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GENERAL MOTORS CO</name>
        <lei>54930070NSV60J38I987</lei>
        <title>GENERAL MOTORS CO</title>
        <cusip>37045V100</cusip>
        <identifiers>
          <isin value="US37045V1008"/>
        </identifiers>
        <balance>285600.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>23990400.00000000</valUSD>
        <pctVal>0.812193796008</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>GIBRALTAR INDUSTRIES INC</name>
        <lei>N/A</lei>
        <title>GIBRALTAR INDUSTRIES INC</title>
        <cusip>374689107</cusip>
        <identifiers>
          <isin value="US3746891072"/>
        </identifiers>
        <balance>199900.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>10246874.00000000</valUSD>
        <pctVal>0.346907408433</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>GILEAD SCIENCES INC</name>
        <lei>549300WTZWR07K8MNV44</lei>
        <title>GILEAD SCIENCES INC</title>
        <cusip>375558103</cusip>
        <identifiers>
          <isin value="US3755581036"/>
        </identifiers>
        <balance>231200.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>32818840.00000000</valUSD>
        <pctVal>1.111080192084</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>GRAND CANYON EDUCATION INC</name>
        <lei>529900XFER799IYOSW74</lei>
        <title>GRAND CANYON EDUCATION INC</title>
        <cusip>38526M106</cusip>
        <identifiers>
          <isin value="US38526M1062"/>
        </identifiers>
        <balance>36000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6258240.00000000</valUSD>
        <pctVal>0.211872403208</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GRAPHIC PACKAGING HOLDING CO</name>
        <lei>N/A</lei>
        <title>GRAPHIC PACKAGING HOLDING CO</title>
        <cusip>388689101</cusip>
        <identifiers>
          <isin value="US3886891015"/>
        </identifiers>
        <balance>916900.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>13432585.00000000</valUSD>
        <pctVal>0.454759495521</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>TRANSACTION CO LTD</name>
        <lei>353800P5SK25ZQ3C7789</lei>
        <title>TRANSACTION CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3635670007"/>
        </identifiers>
        <balance>65000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.76000000"/>
        <valUSD>501066.17000000</valUSD>
        <pctVal>0.016963570205</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HNI CORP</name>
        <lei>549300SKRADLC4O5HV93</lei>
        <title>HNI CORP</title>
        <cusip>404251100</cusip>
        <identifiers>
          <isin value="US4042511000"/>
        </identifiers>
        <balance>19301.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>922394.79000000</valUSD>
        <pctVal>0.031227629631</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>HAMAKYOREX CO LTD</name>
        <lei>N/A</lei>
        <title>HAMAKYOREX CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3771150004"/>
        </identifiers>
        <balance>380800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.76000000"/>
        <valUSD>4505329.54000000</valUSD>
        <pctVal>0.152527706972</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HANCOCK WHITNEY CORP</name>
        <lei>549300GRNBWY8HIICT41</lei>
        <title>HANCOCK WHITNEY CORP</title>
        <cusip>410120109</cusip>
        <identifiers>
          <isin value="US4101201097"/>
        </identifiers>
        <balance>195100.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>13422880.00000000</valUSD>
        <pctVal>0.454430933230</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>HARLEY-DAVIDSON INC</name>
        <lei>ZDNAWZWXIKMWI51R2A08</lei>
        <title>HARLEY-DAVIDSON INC</title>
        <cusip>412822108</cusip>
        <identifiers>
          <isin value="US4128221086"/>
        </identifiers>
        <balance>437600.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8664480.00000000</valUSD>
        <pctVal>0.293335538450</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HARTFORD INSURANCE GROUP INC/THE</name>
        <lei>IU7C3FTM7Y3BQM112U94</lei>
        <title>HARTFORD INSURANCE GROUP INC/THE</title>
        <cusip>416515104</cusip>
        <identifiers>
          <isin value="US4165151048"/>
        </identifiers>
        <balance>83500.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>11277510.00000000</valUSD>
        <pctVal>0.381799538833</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>INBODY CO LTD</name>
        <lei>N/A</lei>
        <title>INBODY CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7041830001"/>
        </identifiers>
        <balance>27500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1450.73000000"/>
        <valUSD>618912.55000000</valUSD>
        <pctVal>0.020953253525</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>THE HOUR GLASS LTD</name>
        <lei>N/A</lei>
        <title>THE HOUR GLASS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SG1AE9000009"/>
        </identifiers>
        <balance>1753400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.27210000"/>
        <valUSD>3087505.70000000</valUSD>
        <pctVal>0.104527351552</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HUNTINGTON INGALLS INDUSTRIES INC</name>
        <lei>5TZLZ6WJTBVJ0QWBG121</lei>
        <title>HUNTINGTON INGALLS INDUSTRIES INC</title>
        <cusip>446413106</cusip>
        <identifiers>
          <isin value="US4464131063"/>
        </identifiers>
        <balance>63000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>26492130.00000000</valUSD>
        <pctVal>0.896889740439</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>IMPERIAL BRANDS PLC</name>
        <lei>549300DFVPOB67JL3A42</lei>
        <title>IMPERIAL BRANDS PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB0004544929"/>
        </identifiers>
        <balance>132400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73080718"/>
        <valUSD>5576394.01000000</valUSD>
        <pctVal>0.188788541208</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>INCHCAPE PLC</name>
        <lei>213800RGEH1MPPNM2T57</lei>
        <title>INCHCAPE PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00B61TVQ02"/>
        </identifiers>
        <balance>831700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73080718"/>
        <valUSD>9292232.87000000</valUSD>
        <pctVal>0.314588080568</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>INGREDION INC</name>
        <lei>PKSTQ48QDN0XSVS7YK88</lei>
        <title>INGREDION INC</title>
        <cusip>457187102</cusip>
        <identifiers>
          <isin value="US4571871023"/>
        </identifiers>
        <balance>14100.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1665210.00000000</valUSD>
        <pctVal>0.056375601534</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>INSIGHT ENTERPRISES INC</name>
        <lei>529900S8991TYW6YP792</lei>
        <title>INSIGHT ENTERPRISES INC</title>
        <cusip>45765U103</cusip>
        <identifiers>
          <isin value="US45765U1034"/>
        </identifiers>
        <balance>52600.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4419452.00000000</valUSD>
        <pctVal>0.149620327137</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>ITOCHU CORPORATION</name>
        <lei>J48DJYXDTLHM30UMYI18</lei>
        <title>ITOCHU CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3143600009"/>
        </identifiers>
        <balance>595000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.76000000"/>
        <valUSD>7617531.20000000</valUSD>
        <pctVal>0.257891139019</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>IPSOS SA</name>
        <lei>9695002OY2X35E9X8W87</lei>
        <title>IPSOS SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0000073298"/>
        </identifiers>
        <balance>19400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84363268"/>
        <valUSD>824169.12000000</valUSD>
        <pctVal>0.027902204470</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JONES LANG LASALLE INC</name>
        <lei>6SYKCME112RT8TQUO411</lei>
        <title>JONES LANG LASALLE INC</title>
        <cusip>48020Q107</cusip>
        <identifiers>
          <isin value="US48020Q1076"/>
        </identifiers>
        <balance>39800.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>14244818.00000000</valUSD>
        <pctVal>0.482257603244</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>KBR INC</name>
        <lei>254900OFQDXZRKRCV808</lei>
        <title>KBR INC</title>
        <cusip>48242W106</cusip>
        <identifiers>
          <isin value="US48242W1062"/>
        </identifiers>
        <balance>230600.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>9871986.00000000</valUSD>
        <pctVal>0.334215593882</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>KANSAI ELECTRIC POWER CO INC</name>
        <lei>353800PFUKP5ONPJNZ86</lei>
        <title>KANSAI ELECTRIC POWER CO INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3228600007"/>
        </identifiers>
        <balance>341400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.76000000"/>
        <valUSD>5444399.07000000</valUSD>
        <pctVal>0.184319859095</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KB HOME</name>
        <lei>549300LGUCWQURMWLG09</lei>
        <title>KB HOME</title>
        <cusip>48666K109</cusip>
        <identifiers>
          <isin value="US48666K1097"/>
        </identifiers>
        <balance>192300.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>11064942.00000000</valUSD>
        <pctVal>0.374603059790</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>ZENKOKU HOSHO CO LTD</name>
        <lei>353800VOQEKTSCSL9O03</lei>
        <title>ZENKOKU HOSHO CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3429250008"/>
        </identifiers>
        <balance>85000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.76000000"/>
        <valUSD>1687806.93000000</valUSD>
        <pctVal>0.057140619473</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KEYCORP</name>
        <lei>RKPI3RZGV1V1FJTH5T61</lei>
        <title>KEYCORP</title>
        <cusip>493267108</cusip>
        <identifiers>
          <isin value="US4932671088"/>
        </identifiers>
        <balance>1191400.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>25638928.00000000</valUSD>
        <pctVal>0.868004629264</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>BATH and BODY WORKS INC</name>
        <lei>GR3KVMWVCR54YWQNXU90</lei>
        <title>BATH and BODY WORKS INC</title>
        <cusip>070830104</cusip>
        <identifiers>
          <isin value="US0708301041"/>
        </identifiers>
        <balance>339000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7390200.00000000</valUSD>
        <pctVal>0.250194852576</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>LPL FINANCIAL HOLDINGS INC</name>
        <lei>549300XROQ4Y8G2L7682</lei>
        <title>LPL FINL HLDGS INC</title>
        <cusip>50212V100</cusip>
        <identifiers>
          <isin value="US50212V1008"/>
        </identifiers>
        <balance>27500.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>10023750.00000000</valUSD>
        <pctVal>0.339353556536</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>LDC SA</name>
        <lei>969500W6740M4US9ES57</lei>
        <title>LDC SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR001400SF56"/>
        </identifiers>
        <balance>17300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84363268"/>
        <valUSD>1937869.45000000</valUSD>
        <pctVal>0.065606473621</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LEAR CORP</name>
        <lei>549300UPNBTXA1SYTQ33</lei>
        <title>LEAR CORP NEW</title>
        <cusip>521865204</cusip>
        <identifiers>
          <isin value="US5218652049"/>
        </identifiers>
        <balance>78300.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>9168147.00000000</valUSD>
        <pctVal>0.310387159626</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>LITHIA MOTORS INC</name>
        <lei>SE8N1EZEHPZQBCBVKD53</lei>
        <title>LITHIA MOTORS INC CL A</title>
        <cusip>536797103</cusip>
        <identifiers>
          <isin value="US5367971034"/>
        </identifiers>
        <balance>7100.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2296424.00000000</valUSD>
        <pctVal>0.077745320036</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>JUMBO SA</name>
        <lei>549300TGIVUUMY40MZ05</lei>
        <title>JUMBO SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GRS282183003"/>
        </identifiers>
        <balance>218100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84363268"/>
        <valUSD>6473461.89000000</valUSD>
        <pctVal>0.219158729564</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LULULEMON ATHLETICA INC</name>
        <lei>549300D9GZ4BMLDW5T40</lei>
        <title>LULULEMON ATHLETICA INC</title>
        <cusip>550021109</cusip>
        <identifiers>
          <isin value="US5500211090"/>
        </identifiers>
        <balance>16600.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2896700.00000000</valUSD>
        <pctVal>0.098067634091</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>M/I HOMES INC</name>
        <lei>5299005M71FH9CCSFB69</lei>
        <title>M/I HOMES INC</title>
        <cusip>55305B101</cusip>
        <identifiers>
          <isin value="US55305B1017"/>
        </identifiers>
        <balance>78700.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>10522190.00000000</valUSD>
        <pctVal>0.356228217888</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MKS INC</name>
        <lei>549300KEQATBHAGVF505</lei>
        <title>MKS INC</title>
        <cusip>55306N104</cusip>
        <identifiers>
          <isin value="US55306N1046"/>
        </identifiers>
        <balance>64800.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>15254568.00000000</valUSD>
        <pctVal>0.516442639155</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>MACYS INC</name>
        <lei>529900NZQ81TIOW3CW52</lei>
        <title>MACYS INC</title>
        <cusip>55616P104</cusip>
        <identifiers>
          <isin value="US55616P1049"/>
        </identifiers>
        <balance>217400.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4352348.00000000</valUSD>
        <pctVal>0.147348524562</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>STEVEN MADDEN LTD</name>
        <lei>549300Z9GZ7GYJWSGF43</lei>
        <title>STEVEN MADDEN LTD</title>
        <cusip>556269108</cusip>
        <identifiers>
          <isin value="US5562691080"/>
        </identifiers>
        <balance>320100.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>14045988.00000000</valUSD>
        <pctVal>0.475526223506</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>MAXIMUS INC</name>
        <lei>549300DQCDS8HJ7QF202</lei>
        <title>MAXIMUS INC</title>
        <cusip>577933104</cusip>
        <identifiers>
          <isin value="US5779331041"/>
        </identifiers>
        <balance>176000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>16621440.00000000</valUSD>
        <pctVal>0.562718022572</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>MAYR MELNHOF KARTON AG</name>
        <lei>5299001AMHDLKUM80611</lei>
        <title>MAYR MELNHOF KARTON AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AT0000938204"/>
        </identifiers>
        <balance>36100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84363268"/>
        <valUSD>4090832.52000000</valUSD>
        <pctVal>0.138494931024</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MERITAGE HOMES CORP</name>
        <lei>52990044W9UMFJO2FB97</lei>
        <title>MERITAGE HOMES CORP</title>
        <cusip>59001A102</cusip>
        <identifiers>
          <isin value="US59001A1025"/>
        </identifiers>
        <balance>190700.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>13255557.00000000</valUSD>
        <pctVal>0.448766221406</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>MICRON TECHNOLOGY INC</name>
        <lei>B3DXGBC8GAIYWI2Z0172</lei>
        <title>MICRON TECHNOLOGY INC</title>
        <cusip>595112103</cusip>
        <identifiers>
          <isin value="US5951121038"/>
        </identifiers>
        <balance>50200.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>20826976.00000000</valUSD>
        <pctVal>0.705096234194</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>MILLER INDUSTRIES INC TENN</name>
        <lei>549300F1O74SPUJ7UU94</lei>
        <title>MILLER INDUSTRIES INC TENN</title>
        <cusip>600551204</cusip>
        <identifiers>
          <isin value="US6005512040"/>
        </identifiers>
        <balance>146400.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5998008.00000000</valUSD>
        <pctVal>0.203062261821</pctVal>
        <payoffProfile>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="2772644.75000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MOLINA HEALTHCARE INC</name>
        <lei>549300NQQCEQ46YHZ591</lei>
        <title>MOLINA HEALTHCARE INC</title>
        <cusip>60855R100</cusip>
        <identifiers>
          <isin value="US60855R1005"/>
        </identifiers>
        <balance>79700.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>14313323.00000000</valUSD>
        <pctVal>0.484576836603</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>MITANI CORP (SHOJI)</name>
        <lei>N/A</lei>
        <title>MITANI CORP (MITANI SHOJI)</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3886800006"/>
        </identifiers>
        <balance>345065.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.76000000"/>
        <valUSD>5306634.14000000</valUSD>
        <pctVal>0.179655834258</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ICON PLC</name>
        <lei>6354008SRQGEMC4XFI67</lei>
        <title>ICON PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IE0005711209"/>
        </identifiers>
        <balance>92300.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>16637075.00000000</valUSD>
        <pctVal>0.563247344718</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MR BRICOLAGE SA</name>
        <lei>969500EM4CTEVZNVMG10</lei>
        <title>MR BRICOLAGE SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0004034320"/>
        </identifiers>
        <balance>144948.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84363268"/>
        <valUSD>969031.59000000</valUSD>
        <pctVal>0.032806516170</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MURPHY USA INC</name>
        <lei>549300Y081F8XIKQIO72</lei>
        <title>MURPHY USA INC</title>
        <cusip>626755102</cusip>
        <identifiers>
          <isin value="US6267551025"/>
        </identifiers>
        <balance>31100.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>13140061.00000000</valUSD>
        <pctVal>0.444856110084</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>ESSENT GROUP LTD</name>
        <lei>254900QUO860OUT6ZF83</lei>
        <title>ESSENT GROUP LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BMG3198U1027"/>
        </identifiers>
        <balance>145800.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>9173736.00000000</valUSD>
        <pctVal>0.310576374942</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WILL GROUP INC</name>
        <lei>N/A</lei>
        <title>WILL GROUP INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3154160000"/>
        </identifiers>
        <balance>102800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.76000000"/>
        <valUSD>790462.65000000</valUSD>
        <pctVal>0.026761073608</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NORTHERN OIL AND GAS INC</name>
        <lei>OKFF0PIZDDMNH4UCYE51</lei>
        <title>NORTHERN OIL AND GAS INC</title>
        <cusip>665531307</cusip>
        <identifiers>
          <isin value="US6655313079"/>
        </identifiers>
        <balance>349000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8725000.00000000</valUSD>
        <pctVal>0.295384440033</pctVal>
        <payoffProfile>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="8722500.00000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DAIKYONISHIKAWA CORP</name>
        <lei>N/A</lei>
        <title>DAIKYONISHIKAWA KK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3481300006"/>
        </identifiers>
        <balance>8053.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.76000000"/>
        <valUSD>42617.00000000</valUSD>
        <pctVal>0.001442796410</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>OLD NATIONAL BANCORP (IND)</name>
        <lei>549300MMK90CL5KMVX16</lei>
        <title>OLD NATIONAL BANCORP (IND)</title>
        <cusip>680033107</cusip>
        <identifiers>
          <isin value="US6800331075"/>
        </identifiers>
        <balance>559600.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>13671028.00000000</valUSD>
        <pctVal>0.462831971399</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>ONEMAIN HLDGS INC</name>
        <lei>549300E3VEW8SMS5XW09</lei>
        <title>ONEMAIN HOLDINGS INC</title>
        <cusip>68268W103</cusip>
        <identifiers>
          <isin value="US68268W1036"/>
        </identifiers>
        <balance>285800.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>18731332.00000000</valUSD>
        <pctVal>0.634148311048</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>B and M EUROPEAN VALUE RETAIL S.A.</name>
        <lei>213800UK7ZRLY2K1X530</lei>
        <title>B and M EUROPEAN VALUE RETAIL S.A.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="LU1072616219"/>
        </identifiers>
        <balance>1435000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73080718"/>
        <valUSD>3462777.28000000</valUSD>
        <pctVal>0.117232152184</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>OUTFRONT MEDIA INC</name>
        <lei>549300RZWDYU5722I639</lei>
        <title>OUTFRONT MEDIA INC</title>
        <cusip>69007J304</cusip>
        <identifiers>
          <isin value="US69007J3041"/>
        </identifiers>
        <balance>475700.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>11569024.00000000</valUSD>
        <pctVal>0.391668730770</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>OXFORD INDUSTRIES INC</name>
        <lei>IDZ20O0XD3GS4UOI2L88</lei>
        <title>OXFORD INDUSTRIES</title>
        <cusip>691497309</cusip>
        <identifiers>
          <isin value="US6914973093"/>
        </identifiers>
        <balance>122800.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4525180.00000000</valUSD>
        <pctVal>0.153199743306</pctVal>
        <payoffProfile>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="3806605.00000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PG and E CORP</name>
        <lei>8YQ2GSDWYZXO2EDN3511</lei>
        <title>PG and E CORP</title>
        <cusip>69331C108</cusip>
        <identifiers>
          <isin value="US69331C1080"/>
        </identifiers>
        <balance>1807400.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>27870108.00000000</valUSD>
        <pctVal>0.943541116933</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>PVH CORP</name>
        <lei>123WALMHY1GZXG2YDL90</lei>
        <title>PVH CORP</title>
        <cusip>693656100</cusip>
        <identifiers>
          <isin value="US6936561009"/>
        </identifiers>
        <balance>58700.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3660532.00000000</valUSD>
        <pctVal>0.123927128371</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>PACKAGING CORP OF AMERICA</name>
        <lei>549300XZP8MFZFY8TJ84</lei>
        <title>PACKAGING CORP OF AMERICA</title>
        <cusip>695156109</cusip>
        <identifiers>
          <isin value="US6951561090"/>
        </identifiers>
        <balance>96200.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>21409310.00000000</valUSD>
        <pctVal>0.724811122733</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>LOGISTA INTEGRAL SA</name>
        <lei>9598000ANNAL42UJ7X28</lei>
        <title>LOGISTA INTEGRAL SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ES0105027009"/>
        </identifiers>
        <balance>124500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84363268"/>
        <valUSD>4548294.64000000</valUSD>
        <pctVal>0.153982288291</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PATRICK INDUSTRIES INC</name>
        <lei>549300FZ5ZTCCJ3Z5W14</lei>
        <title>PATRICK INDUSTRIES INC</title>
        <cusip>703343103</cusip>
        <identifiers>
          <isin value="US7033431039"/>
        </identifiers>
        <balance>108150.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>13645285.50000000</valUSD>
        <pctVal>0.461960460345</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>PERFORMANCE FOOD GROUP CO</name>
        <lei>549300EUK8GR9IT1YK57</lei>
        <title>PERFORMANCE FOOD GROUP CO</title>
        <cusip>71377A103</cusip>
        <identifiers>
          <isin value="US71377A1034"/>
        </identifiers>
        <balance>355400.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>33922930.00000000</valUSD>
        <pctVal>1.148459103992</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>PICO FAR EAST HOLDINGS LTD</name>
        <lei>254900NL3DXVIEY4HJ17</lei>
        <title>PICO FAR EAST HOLDINGS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG7082H1276"/>
        </identifiers>
        <balance>10600000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.81210000"/>
        <valUSD>3812803.22000000</valUSD>
        <pctVal>0.129082262933</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ME GROUP INTERNATIONAL PLC</name>
        <lei>2138006YJ65EKBYYYX41</lei>
        <title>ME GROUP INTERNATIONAL PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB0008481250"/>
        </identifiers>
        <balance>357100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73080718"/>
        <valUSD>677251.97000000</valUSD>
        <pctVal>0.022928331681</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ELEMENT SOLUTIONS INC</name>
        <lei>549300FLGN6P5CU20J91</lei>
        <title>ELEMENT SOLUTIONS INC</title>
        <cusip>28618M106</cusip>
        <identifiers>
          <isin value="US28618M1062"/>
        </identifiers>
        <balance>528400.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>15376440.00000000</valUSD>
        <pctVal>0.520568609639</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>PLUMAS BANCORP</name>
        <lei>549300O5TKTXYTYP4G59</lei>
        <title>PLUMAS BANCORP</title>
        <cusip>729273102</cusip>
        <identifiers>
          <isin value="US7292731020"/>
        </identifiers>
        <balance>133092.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6669240.12000000</valUSD>
        <pctVal>0.225786791781</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>QUICK CO LTD</name>
        <lei>N/A</lei>
        <title>QUICK CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3266000003"/>
        </identifiers>
        <balance>277281.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.76000000"/>
        <valUSD>1556973.31000000</valUSD>
        <pctVal>0.052711253790</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PRIMERICA INC</name>
        <lei>254900621R686KJR7022</lei>
        <title>PRIMERICA INC</title>
        <cusip>74164M108</cusip>
        <identifiers>
          <isin value="US74164M1080"/>
        </identifiers>
        <balance>67100.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>17649984.00000000</valUSD>
        <pctVal>0.597539328416</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>KINGBOARD HOLDINGS LTD</name>
        <lei>529900G89MY26MMSDR76</lei>
        <title>KINGBOARD HOLDINGS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG525621408"/>
        </identifiers>
        <balance>1487800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.81210000"/>
        <valUSD>6025779.50000000</valUSD>
        <pctVal>0.204002464569</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>QCR HOLDINGS INC</name>
        <lei>549300MWKWM7KWJVQO33</lei>
        <title>QCR HOLDINGS INC</title>
        <cusip>74727A104</cusip>
        <identifiers>
          <isin value="US74727A1043"/>
        </identifiers>
        <balance>91300.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8240738.00000000</valUSD>
        <pctVal>0.278989774165</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>QUEST DIAGNOSTICS INC</name>
        <lei>8MCWUBXQ0WE04KMXBX50</lei>
        <title>QUEST DIAGNOSTICS INC</title>
        <cusip>74834L100</cusip>
        <identifiers>
          <isin value="US74834L1008"/>
        </identifiers>
        <balance>65600.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>12269168.00000000</valUSD>
        <pctVal>0.415372070986</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>RADIANT LOGISTICS INC</name>
        <lei>549300HWCW2HBOG4GN20</lei>
        <title>RADIANT LOGISTICS INC</title>
        <cusip>75025X100</cusip>
        <identifiers>
          <isin value="US75025X1000"/>
        </identifiers>
        <balance>533350.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3589445.50000000</valUSD>
        <pctVal>0.121520498458</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RANGE RESOURCES CORP</name>
        <lei>H3Y3WLYCX0BTO1TRW162</lei>
        <title>RANGE RESOURCES CORP</title>
        <cusip>75281A109</cusip>
        <identifiers>
          <isin value="US75281A1097"/>
        </identifiers>
        <balance>635400.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>24049890.00000000</valUSD>
        <pctVal>0.814207826992</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>RAYMOND JAMES FINANCIAL INC.</name>
        <lei>RGUZHJ05YTITL6D76949</lei>
        <title>RAYMOND JAMES FINANCIAL INC.</title>
        <cusip>754730109</cusip>
        <identifiers>
          <isin value="US7547301090"/>
        </identifiers>
        <balance>124600.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>20666156.00000000</valUSD>
        <pctVal>0.699651681111</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>REINSURANCE GROUP OF AMERICA INC</name>
        <lei>LORM1GNEU1DKEW527V90</lei>
        <title>REINSURANCE GROUP OF AMERICA</title>
        <cusip>759351604</cusip>
        <identifiers>
          <isin value="US7593516047"/>
        </identifiers>
        <balance>60600.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>12286650.00000000</valUSD>
        <pctVal>0.415963923224</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>RENESAS ELECTRONICS CORP</name>
        <lei>5299000EPC47VJQOFB81</lei>
        <title>RENESAS ELECTRONICS CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3164720009"/>
        </identifiers>
        <balance>690600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.76000000"/>
        <valUSD>11481540.42000000</valUSD>
        <pctVal>0.388706978530</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RIKEN KEIKI CO LTD</name>
        <lei>N/A</lei>
        <title>RIKEN KEIKI CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3971000009"/>
        </identifiers>
        <balance>50800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.76000000"/>
        <valUSD>1079943.14000000</valUSD>
        <pctVal>0.036561421166</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EUROPRIS ASA</name>
        <lei>5967007LIEEXZXGA8G28</lei>
        <title>EUROPRIS ASA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NO0010735343"/>
        </identifiers>
        <balance>496226.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.63050000"/>
        <valUSD>4560095.63000000</valUSD>
        <pctVal>0.154381810219</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RUSH ENTERPRISES INC</name>
        <lei>529900V3XHTN7A6DFT17</lei>
        <title>RUSH ENTERPRISES INC CL A</title>
        <cusip>781846209</cusip>
        <identifiers>
          <isin value="US7818462092"/>
        </identifiers>
        <balance>386050.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>24780549.50000000</valUSD>
        <pctVal>0.838944267939</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>SEI INVESTMENTS CO</name>
        <lei>5LJTIFADGZ6XH1RVOC11</lei>
        <title>SEI INV CORP</title>
        <cusip>784117103</cusip>
        <identifiers>
          <isin value="US7841171033"/>
        </identifiers>
        <balance>85900.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7546315.00000000</valUSD>
        <pctVal>0.255480118119</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>WILLSCOT HOLDINGS CORP</name>
        <lei>549300HJ4VIXF476Q166</lei>
        <title>WILLSCOT HOLDINGS CORP</title>
        <cusip>971378104</cusip>
        <identifiers>
          <isin value="US9713781048"/>
        </identifiers>
        <balance>893300.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>17892799.00000000</valUSD>
        <pctVal>0.605759818136</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>SANMINA CORP</name>
        <lei>X5K24XLM8QYRXF00EB42</lei>
        <title>SANMINA CORP</title>
        <cusip>801056102</cusip>
        <identifiers>
          <isin value="US8010561020"/>
        </identifiers>
        <balance>100000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>14168000.00000000</valUSD>
        <pctVal>0.479656933683</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HENRY SCHEIN INC</name>
        <lei>VGO3WGL8H45T73F4RR92</lei>
        <title>HENRY SCHEIN INC</title>
        <cusip>806407102</cusip>
        <identifiers>
          <isin value="US8064071025"/>
        </identifiers>
        <balance>294500.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>22228860.00000000</valUSD>
        <pctVal>0.752556947126</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>SARANTIS SA</name>
        <lei>21380078FJXYHFE8KP46</lei>
        <title>SARANTIS SA (REG)</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GRS204003008"/>
        </identifiers>
        <balance>738584.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84363268"/>
        <valUSD>11871516.21000000</valUSD>
        <pctVal>0.401909589459</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SCIENCE APPLICATIONS INTERNATIONAL CORP</name>
        <lei>549300LZPNZIXQGZPZ48</lei>
        <title>SCIENCE APPLICATIONS INTERNATIONAL CORP</title>
        <cusip>808625107</cusip>
        <identifiers>
          <isin value="US8086251076"/>
        </identifiers>
        <balance>129100.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>13137216.00000000</valUSD>
        <pctVal>0.444759792751</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>SELECTIVE INSURANCE GROUP INC</name>
        <lei>549300R3WGJWLE40R258</lei>
        <title>SELECTIVE INSURANCE GROUP INC</title>
        <cusip>816300107</cusip>
        <identifiers>
          <isin value="US8163001071"/>
        </identifiers>
        <balance>164300.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>13814344.00000000</valUSD>
        <pctVal>0.467683927434</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>SILGAN HOLDINGS INC</name>
        <lei>KAF673KJXD92C8KSLU49</lei>
        <title>SILGAN HOLDINGS INC</title>
        <cusip>827048109</cusip>
        <identifiers>
          <isin value="US8270481091"/>
        </identifiers>
        <balance>715000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>30852250.00000000</valUSD>
        <pctVal>1.044501385675</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>SOPRA STERIA GROUP</name>
        <lei>96950020QIOHAAK9V551</lei>
        <title>SOPRA STERIA GROUP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0000050809"/>
        </identifiers>
        <balance>54100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84363268"/>
        <valUSD>9888450.50000000</valUSD>
        <pctVal>0.334772998709</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>STAG INDUSTRIAL INC</name>
        <lei>549300QWYX2W6FASVQ07</lei>
        <title>STAG INDUSTRIAL INC CL A</title>
        <cusip>85254J102</cusip>
        <identifiers>
          <isin value="US85254J1025"/>
        </identifiers>
        <balance>257300.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>9651323.00000000</valUSD>
        <pctVal>0.326745059018</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>S FOODS INC</name>
        <lei>N/A</lei>
        <title>S FOODS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3399300007"/>
        </identifiers>
        <balance>68100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.76000000"/>
        <valUSD>1335509.82000000</valUSD>
        <pctVal>0.045213618377</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>STATE STREET CORP</name>
        <lei>549300ZFEEJ2IP5VME73</lei>
        <title>STATE STREET CORP</title>
        <cusip>857477103</cusip>
        <identifiers>
          <isin value="US8574771031"/>
        </identifiers>
        <balance>180400.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>23607144.00000000</valUSD>
        <pctVal>0.799218683234</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>STEWART INFORMATION SERVICES</name>
        <lei>529900TV1XI0PLKENU10</lei>
        <title>STEWART INFORMATION SERVICES</title>
        <cusip>860372101</cusip>
        <identifiers>
          <isin value="US8603721015"/>
        </identifiers>
        <balance>189599.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>12784660.57000000</valUSD>
        <pctVal>0.432824046244</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>STIFEL FINANCIAL CORP</name>
        <lei>549300E5F07FE5GHJX84</lei>
        <title>STIFEL FINANCIAL CORP</title>
        <cusip>860630102</cusip>
        <identifiers>
          <isin value="US8606301021"/>
        </identifiers>
        <balance>234200.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>28876860.00000000</valUSD>
        <pctVal>0.977624655704</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>TD SYNNEX CORP</name>
        <lei>5493004HI6PFLF46NS53</lei>
        <title>TD SYNNEX CORP</title>
        <cusip>87162W100</cusip>
        <identifiers>
          <isin value="US87162W1009"/>
        </identifiers>
        <balance>184393.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>29257637.31000000</valUSD>
        <pctVal>0.990515852551</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>GLOBAL INDUSTRIAL CO</name>
        <lei>5493000GO8Z3HEWCGE46</lei>
        <title>GLOBAL INDUSTRIAL CO</title>
        <cusip>37892E102</cusip>
        <identifiers>
          <isin value="US37892E1029"/>
        </identifiers>
        <balance>357496.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>10925077.76000000</valUSD>
        <pctVal>0.369867962917</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>TRI POINTE HOMES INC</name>
        <lei>N/A</lei>
        <title>TRI POINTE HOMES INC</title>
        <cusip>87265H109</cusip>
        <identifiers>
          <isin value="US87265H1095"/>
        </identifiers>
        <balance>374000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>12472900.00000000</valUSD>
        <pctVal>0.422269407689</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>TDC SOFT INC</name>
        <lei>N/A</lei>
        <title>TDC SOFT INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3539000004"/>
        </identifiers>
        <balance>226914.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.76000000"/>
        <valUSD>1793201.23000000</valUSD>
        <pctVal>0.060708738245</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TARGET CORP</name>
        <lei>8WDDFXB5T1Z6J0XC1L66</lei>
        <title>TARGET CORP</title>
        <cusip>87612E106</cusip>
        <identifiers>
          <isin value="US87612E1064"/>
        </identifiers>
        <balance>69100.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7287977.00000000</valUSD>
        <pctVal>0.246734098008</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>TENET HEALTHCARE CORP</name>
        <lei>0W9AIBT6U6ADJ2I8HK17</lei>
        <title>TENET HEALTHCARE CORP</title>
        <cusip>88033G407</cusip>
        <identifiers>
          <isin value="US88033G4073"/>
        </identifiers>
        <balance>85200.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>16126656.00000000</valUSD>
        <pctVal>0.545967134919</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>TEREX CORP</name>
        <lei>YAWJZJYEQ7M1SYMOS462</lei>
        <title>TEREX CORP</title>
        <cusip>880779103</cusip>
        <identifiers>
          <isin value="US8807791038"/>
        </identifiers>
        <balance>337423.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>19233111.00000000</valUSD>
        <pctVal>0.651136014078</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>TEXTRON INC</name>
        <lei>3PPKBHUG1HD6BO7RNR87</lei>
        <title>TEXTRON INC</title>
        <cusip>883203101</cusip>
        <identifiers>
          <isin value="US8832031012"/>
        </identifiers>
        <balance>88700.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7810922.00000000</valUSD>
        <pctVal>0.264438374912</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>TIMKEN CO</name>
        <lei>B0I35MLPFXZSE70ASS73</lei>
        <title>TIMKEN CO</title>
        <cusip>887389104</cusip>
        <identifiers>
          <isin value="US8873891043"/>
        </identifiers>
        <balance>251600.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>23446604.00000000</valUSD>
        <pctVal>0.793783609538</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>TOPBUILD CORP</name>
        <lei>5493007YSKHOL4RWII46</lei>
        <title>TOPBUILD CORP</title>
        <cusip>89055F103</cusip>
        <identifiers>
          <isin value="US89055F1030"/>
        </identifiers>
        <balance>20600.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>9641830.00000000</valUSD>
        <pctVal>0.326423673976</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>TORO CO</name>
        <lei>YJKE4YIT6BWQHVEW0D14</lei>
        <title>TORO CO</title>
        <cusip>891092108</cusip>
        <identifiers>
          <isin value="US8910921084"/>
        </identifiers>
        <balance>108100.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>9891150.00000000</valUSD>
        <pctVal>0.334864390147</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>TOTALENERGIES SE</name>
        <lei>529900S21EQ1BO4ESM68</lei>
        <title>TOTALENERGIES SE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0000120271"/>
        </identifiers>
        <balance>169183.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>12248849.20000000</valUSD>
        <pctVal>0.414684179025</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TRAVELERS COS INC</name>
        <lei>549300Y650407RU8B149</lei>
        <title>TRAVELERS COMPANIES INC</title>
        <cusip>89417E109</cusip>
        <identifiers>
          <isin value="US89417E1091"/>
        </identifiers>
        <balance>58900.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>16757639.00000000</valUSD>
        <pctVal>0.567329032927</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>TOTECH CORP</name>
        <lei>N/A</lei>
        <title>TOTECH CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3595300009"/>
        </identifiers>
        <balance>65643.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.76000000"/>
        <valUSD>1705123.16000000</valUSD>
        <pctVal>0.057726859576</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>US BANCORP DEL</name>
        <lei>N1GZ7BBF3NP8GI976H15</lei>
        <title>US BANCORP DEL</title>
        <cusip>902973304</cusip>
        <identifiers>
          <isin value="US9029733048"/>
        </identifiers>
        <balance>444800.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>24957728.00000000</valUSD>
        <pctVal>0.844942637224</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>UNITED COMMUNITY BANK/SC</name>
        <lei>T68X8LLAQYRNDV034K14</lei>
        <title>UNITED COMMUNITY BANKS GA</title>
        <cusip>90984P303</cusip>
        <identifiers>
          <isin value="US90984P3038"/>
        </identifiers>
        <balance>506900.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>17452567.00000000</valUSD>
        <pctVal>0.590855785723</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>UNITEDHEALTH GROUP INC</name>
        <lei>549300GHBMY8T5GXDE41</lei>
        <title>UNITEDHEALTH GROUP INC</title>
        <cusip>91324P102</cusip>
        <identifiers>
          <isin value="US91324P1021"/>
        </identifiers>
        <balance>57500.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>16498475.00000000</valUSD>
        <pctVal>0.558555048627</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>UNIVERSAL LOGISTICS HOLDINGS INC</name>
        <lei>N/A</lei>
        <title>UNIVERSAL LOGISTICS HOLDINGS INC</title>
        <cusip>91388P105</cusip>
        <identifiers>
          <isin value="US91388P1057"/>
        </identifiers>
        <balance>171038.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2738318.38000000</valUSD>
        <pctVal>0.092705632241</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>UNIVERSAL HEALTH SERVICES INC</name>
        <lei>549300YGMGQDO0NMJD09</lei>
        <title>UNIVERSAL HEALTH SVCS INC CL B</title>
        <cusip>913903100</cusip>
        <identifiers>
          <isin value="US9139031002"/>
        </identifiers>
        <balance>85600.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>17227856.00000000</valUSD>
        <pctVal>0.583248206020</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>UNUM GROUP</name>
        <lei>549300E32YFDO6TZ8R31</lei>
        <title>UNUM GROUP</title>
        <cusip>91529Y106</cusip>
        <identifiers>
          <isin value="US91529Y1064"/>
        </identifiers>
        <balance>237100.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>18012487.00000000</valUSD>
        <pctVal>0.609811849409</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>VF CORPORATION</name>
        <lei>CWAJJ9DJ5Z7P057HV541</lei>
        <title>VF CORP</title>
        <cusip>918204108</cusip>
        <identifiers>
          <isin value="US9182041080"/>
        </identifiers>
        <balance>534900.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>10478691.00000000</valUSD>
        <pctVal>0.354755561411</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>VALLOUREC SA</name>
        <lei>969500P2Q1B47H4MCJ34</lei>
        <title>VALLOUREC SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0013506730"/>
        </identifiers>
        <balance>37400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84363268"/>
        <valUSD>791771.13000000</valUSD>
        <pctVal>0.026805372134</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>V2X INC</name>
        <lei>N/A</lei>
        <title>V2X INC</title>
        <cusip>92242T101</cusip>
        <identifiers>
          <isin value="US92242T1016"/>
        </identifiers>
        <balance>98600.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6786638.00000000</valUSD>
        <pctVal>0.229761291156</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>WASHINGTON TR BANCORP INC</name>
        <lei>J66MZFCNJPP3PERHZW54</lei>
        <title>WASHINGTON TR BANCORP INC</title>
        <cusip>940610108</cusip>
        <identifiers>
          <isin value="US9406101082"/>
        </identifiers>
        <balance>131900.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4533403.00000000</valUSD>
        <pctVal>0.153478132561</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WEBSTER FINANCIAL CORP</name>
        <lei>KMRURHT0VWKYS6Z5KU67</lei>
        <title>WEBSTER FINANCIAL</title>
        <cusip>947890109</cusip>
        <identifiers>
          <isin value="US9478901096"/>
        </identifiers>
        <balance>336900.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>22157913.00000000</valUSD>
        <pctVal>0.750155039978</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>WELLS FARGO and CO</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>WELLS FARGO and CO</title>
        <cusip>949746101</cusip>
        <identifiers>
          <isin value="US9497461015"/>
        </identifiers>
        <balance>514700.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>46575203.00000000</valUSD>
        <pctVal>1.576801175654</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>WEST BANCORPORATION INC</name>
        <lei>549300GKFOINCHIYU666</lei>
        <title>WEST BANCORPORATION INC</title>
        <cusip>95123P106</cusip>
        <identifiers>
          <isin value="US95123P1066"/>
        </identifiers>
        <balance>164600.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3905958.00000000</valUSD>
        <pctVal>0.132236013366</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>WINTRUST FINANCIAL CORP</name>
        <lei>Q774KI4AW80FHFW33O61</lei>
        <title>WINTRUST FINANCIAL CORP</title>
        <cusip>97650W108</cusip>
        <identifiers>
          <isin value="US97650W1080"/>
        </identifiers>
        <balance>120800.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>17816792.00000000</valUSD>
        <pctVal>0.603186604940</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>WOLVERINE WORLD WIDE INC</name>
        <lei>549300OVC7PK14LQ8D87</lei>
        <title>WOLVERINE WORLD WIDE INC</title>
        <cusip>978097103</cusip>
        <identifiers>
          <isin value="US9780971035"/>
        </identifiers>
        <balance>909487.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>16116109.64000000</valUSD>
        <pctVal>0.545610088426</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>WIENERBERGER AG</name>
        <lei>529900VXIFBHO0SW2I31</lei>
        <title>WIENERBERGER AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AT0000831706"/>
        </identifiers>
        <balance>306200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84363268"/>
        <valUSD>10126421.37000000</valUSD>
        <pctVal>0.342829490649</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ASR NEDERLAND NV</name>
        <lei>7245000G0HS48PZWUD53</lei>
        <title>ASR NEDERLAND NV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NL0011872643"/>
        </identifiers>
        <balance>61500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84363268"/>
        <valUSD>4459962.36000000</valUSD>
        <pctVal>0.150991803355</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MAISONS DU MONDE SA</name>
        <lei>9695009DV2698O4ZBU71</lei>
        <title>MAISONS DU MONDE SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0013153541"/>
        </identifiers>
        <balance>240700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84363268"/>
        <valUSD>456501.99000000</valUSD>
        <pctVal>0.015454852113</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="27640.47000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VAN LANSCHOT KEMPEN NV</name>
        <lei>724500D8WOYCL1BUCB80</lei>
        <title>VAN LANSCHOT KEMPEN NV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NL0000302636"/>
        </identifiers>
        <balance>24700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84363268"/>
        <valUSD>1496113.21000000</valUSD>
        <pctVal>0.050650838138</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LAUREATE EDUCATION INC</name>
        <lei>5JL7TMOH5TY3IUYSUP91</lei>
        <title>LAUREATE EDUCATION INC</title>
        <cusip>518613203</cusip>
        <identifiers>
          <isin value="US5186132032"/>
        </identifiers>
        <balance>161696.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5546172.80000000</valUSD>
        <pctVal>0.187765403651</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>ULTA BEAUTY INC</name>
        <lei>529900CIV6HN8M28YM82</lei>
        <title>ULTA BEAUTY INC</title>
        <cusip>90384S303</cusip>
        <identifiers>
          <isin value="US90384S3031"/>
        </identifiers>
        <balance>6900.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4466784.00000000</valUSD>
        <pctVal>0.151222749637</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>WARRIOR MET COAL INC</name>
        <lei>549300152B1S9YKBYV79</lei>
        <title>WARRIOR MET COAL INC</title>
        <cusip>93627C101</cusip>
        <identifiers>
          <isin value="US93627C1018"/>
        </identifiers>
        <balance>145400.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>12984220.00000000</valUSD>
        <pctVal>0.439580120798</pctVal>
        <payoffProfile>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="11199202.30000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CARS.COM INC</name>
        <lei>5493002G6J07LNGX4M98</lei>
        <title>CARS.COM INC</title>
        <cusip>14575E105</cusip>
        <identifiers>
          <isin value="US14575E1055"/>
        </identifiers>
        <balance>684300.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7773648.00000000</valUSD>
        <pctVal>0.263176465500</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>ALLIGO AB</name>
        <lei>549300AZV2TAMUBEZS90</lei>
        <title>ALLIGO AB CL B</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0009922305"/>
        </identifiers>
        <balance>236687.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="8.90750000"/>
        <valUSD>3369285.61000000</valUSD>
        <pctVal>0.114066996357</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JOST WERKE SE</name>
        <lei>529900G977BSS7DATK68</lei>
        <title>JOST WERKE SE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE000JST4000"/>
        </identifiers>
        <balance>113400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84363268"/>
        <valUSD>8428051.89000000</valUSD>
        <pctVal>0.285331276572</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RHI MAGNESITA NV</name>
        <lei>724500UWG6A61XNA3Y36</lei>
        <title>RHI MAGNESITA NV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NL0012650360"/>
        </identifiers>
        <balance>133700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73080718"/>
        <valUSD>5067670.52000000</valUSD>
        <pctVal>0.171565732816</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CADENCE BANK</name>
        <lei>Q7C315HKI8VX0SSKBS64</lei>
        <title>CADENCE BANK</title>
        <cusip>12740C103</cusip>
        <identifiers>
          <isin value="US12740C1036"/>
        </identifiers>
        <balance>344400.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>14502684.00000000</valUSD>
        <pctVal>0.490987643818</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>CORE NATURAL RESOURCES INC</name>
        <lei>549300YJCTPJBTK7IJ81</lei>
        <title>CORE NATURAL RESOURCES INC</title>
        <cusip>218937100</cusip>
        <identifiers>
          <isin value="US2189371006"/>
        </identifiers>
        <balance>214909.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>20498020.42000000</valUSD>
        <pctVal>0.693959459432</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>AXALTA COATING SYSTEMS LTD</name>
        <lei>529900AGLPA40GV6H619</lei>
        <title>AXALTA COATING SYSTEMS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BMG0750C1082"/>
        </identifiers>
        <balance>400700.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>13455506.00000000</valUSD>
        <pctVal>0.455535484833</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GATES INDUSTRIAL CORP PLC</name>
        <lei>549300S6K4FWUSB9KM27</lei>
        <title>GATES INDUSTRIAL CORP PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BD9G2S12"/>
        </identifiers>
        <balance>777200.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>17891144.00000000</valUSD>
        <pctVal>0.605703788194</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="3137626.00000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CACTUS INC</name>
        <lei>549300J3T8C9F8QFKV08</lei>
        <title>CACTUS INC CL A</title>
        <cusip>127203107</cusip>
        <identifiers>
          <isin value="US1272031071"/>
        </identifiers>
        <balance>205800.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>11572134.00000000</valUSD>
        <pctVal>0.391774019665</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>ELANCO ANIMAL HEALTH INC</name>
        <lei>549300SHPNDCE059M934</lei>
        <title>ELANCO ANIMAL HEALTH INC</title>
        <cusip>28414H103</cusip>
        <identifiers>
          <isin value="US28414H1032"/>
        </identifiers>
        <balance>1385700.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>33367656.00000000</valUSD>
        <pctVal>1.129660330404</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>GARRETT MOTION INC</name>
        <lei>549300LS5WT7EMBNV724</lei>
        <title>GARRETT MOTION INC</title>
        <cusip>366505105</cusip>
        <identifiers>
          <isin value="US3665051054"/>
        </identifiers>
        <balance>556100.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>10032044.00000000</valUSD>
        <pctVal>0.339634349493</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>CIGNA GROUP (THE)</name>
        <lei>549300VIWYMSIGT1U456</lei>
        <title>CIGNA GROUP (THE)</title>
        <cusip>125523100</cusip>
        <identifiers>
          <isin value="US1255231003"/>
        </identifiers>
        <balance>63900.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>17515629.00000000</valUSD>
        <pctVal>0.592990746589</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>DELL TECHNOLOGIES INC</name>
        <lei>549300TJB5YBRUPOG437</lei>
        <title>DELL TECHNOLOGIES INC CL C</title>
        <cusip>24703L202</cusip>
        <identifiers>
          <isin value="US24703L2025"/>
        </identifiers>
        <balance>116600.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>13343704.00000000</valUSD>
        <pctVal>0.451750433697</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>AVANTOR INC</name>
        <lei>N/A</lei>
        <title>AVANTOR INC</title>
        <cusip>05352A100</cusip>
        <identifiers>
          <isin value="US05352A1007"/>
        </identifiers>
        <balance>446100.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4871412.00000000</valUSD>
        <pctVal>0.164921410405</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>GROCERY OUTLET HOLDING CORP</name>
        <lei>N/A</lei>
        <title>GROCERY OUTLET HOLDING CORP</title>
        <cusip>39874R101</cusip>
        <identifiers>
          <isin value="US39874R1014"/>
        </identifiers>
        <balance>314900.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3000997.00000000</valUSD>
        <pctVal>0.101598603826</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>OVINTIV INC</name>
        <lei>2549003MEX7YMKLGI239</lei>
        <title>OVINTIV INC</title>
        <cusip>69047Q102</cusip>
        <identifiers>
          <isin value="US69047Q1022"/>
        </identifiers>
        <balance>612300.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>26616681.00000000</valUSD>
        <pctVal>0.901106408335</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>ALBERTSONS COS INC</name>
        <lei>549300YKWOC0AOR16R51</lei>
        <title>ALBERTSONS COS INC CL A</title>
        <cusip>013091103</cusip>
        <identifiers>
          <isin value="US0130911037"/>
        </identifiers>
        <balance>648800.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>10802520.00000000</valUSD>
        <pctVal>0.365718776062</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>SOULBRAIN CO LTD</name>
        <lei>N/A</lei>
        <title>SOULBRAIN</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7357780006"/>
        </identifiers>
        <balance>25848.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1450.73000000"/>
        <valUSD>8703720.20000000</valUSD>
        <pctVal>0.294664013465</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VONTIER CORP</name>
        <lei>549300VVSQLG4P5K4639</lei>
        <title>VONTIER CORP W/I</title>
        <cusip>928881101</cusip>
        <identifiers>
          <isin value="US9288811014"/>
        </identifiers>
        <balance>707000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>26512500.00000000</valUSD>
        <pctVal>0.897579365774</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>ACADEMY SPORTS and OUTDOORS INC</name>
        <lei>529900HST589BD301M91</lei>
        <title>ACADEMY SPORTS and OUTDOORS INC</title>
        <cusip>00402L107</cusip>
        <identifiers>
          <isin value="US00402L1070"/>
        </identifiers>
        <balance>233100.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>12822831.00000000</valUSD>
        <pctVal>0.434116304249</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>THRYV HOLDINGS INC</name>
        <lei>N/A</lei>
        <title>THRYV HOLDINGS INC</title>
        <cusip>886029206</cusip>
        <identifiers>
          <isin value="US8860292064"/>
        </identifiers>
        <balance>466144.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2242152.64000000</valUSD>
        <pctVal>0.075907965849</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>HILLMAN SOLUTIONS CORP</name>
        <lei>N/A</lei>
        <title>HILLMAN SOLUTIONS CORP</title>
        <cusip>431636109</cusip>
        <identifiers>
          <isin value="US4316361090"/>
        </identifiers>
        <balance>846700.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7933579.00000000</valUSD>
        <pctVal>0.268590921532</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>CHORD ENERGY CORP</name>
        <lei>529900FA4V2YNIKZ0M71</lei>
        <title>CHORD ENERGY CORP</title>
        <cusip>674215207</cusip>
        <identifiers>
          <isin value="US6742152076"/>
        </identifiers>
        <balance>193900.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>19436536.00000000</valUSD>
        <pctVal>0.658022957311</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>CONCENTRIX CORP</name>
        <lei>5493000EAJN1KMPVA737</lei>
        <title>CONCENTRIX CORP</title>
        <cusip>20602D101</cusip>
        <identifiers>
          <isin value="US20602D1019"/>
        </identifiers>
        <balance>155200.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5796720.00000000</valUSD>
        <pctVal>0.196247666616</pctVal>
        <payoffProfile>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="5792985.00000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UNIT CORP</name>
        <lei>549300XGK22FZCTN8B67</lei>
        <title>UNIT CORP</title>
        <cusip>909218406</cusip>
        <identifiers>
          <isin value="US9092184061"/>
        </identifiers>
        <balance>9900.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>325512.00000000</valUSD>
        <pctVal>0.011020192532</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>HAYWARD HOLDINGS INC</name>
        <lei>N/A</lei>
        <title>HAYWARD HOLDINGS INC</title>
        <cusip>421298100</cusip>
        <identifiers>
          <isin value="US4212981009"/>
        </identifiers>
        <balance>697952.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>11264945.28000000</valUSD>
        <pctVal>0.381374160863</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>BOWMAN CONSULTING GROUP LTD</name>
        <lei>N/A</lei>
        <title>BOWMAN CONSULTING GROUP LTD</title>
        <cusip>103002101</cusip>
        <identifiers>
          <isin value="US1030021018"/>
        </identifiers>
        <balance>88800.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3092904.00000000</valUSD>
        <pctVal>0.104710110729</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>SEAGATE TECHNOLOGY HOLDINGS PLC</name>
        <lei>635400RUXIFEZSRU8X70</lei>
        <title>SEAGATE TECHNOLOGY HOLDINGS PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IE00BKVD2N49"/>
        </identifiers>
        <balance>26500.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>10803785.00000000</valUSD>
        <pctVal>0.365761602574</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GULFPORT ENERGY CORP</name>
        <lei>254900DJRGZBUZ3F5038</lei>
        <title>GULFPORT ENERGY CORP</title>
        <cusip>402635502</cusip>
        <identifiers>
          <isin value="US4026355028"/>
        </identifiers>
        <balance>49800.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>10167666.00000000</valUSD>
        <pctVal>0.344225825542</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>CORE and MAIN INC</name>
        <lei>N/A</lei>
        <title>CORE and MAIN INC</title>
        <cusip>21874C102</cusip>
        <identifiers>
          <isin value="US21874C1027"/>
        </identifiers>
        <balance>260700.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>13910952.00000000</valUSD>
        <pctVal>0.470954586458</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>JANUS INTERNATIONAL GROUP INC</name>
        <lei>N/A</lei>
        <title>JANUS INTERNATIONAL GROUP INC</title>
        <cusip>47103N106</cusip>
        <identifiers>
          <isin value="US47103N1063"/>
        </identifiers>
        <balance>1729700.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>11865742.00000000</valUSD>
        <pctVal>0.401714103868</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>CADRE HOLDINGS INC</name>
        <lei>2549006IKQEWJ8M7CB97</lei>
        <title>CADRE HOLDING INC</title>
        <cusip>12763L105</cusip>
        <identifiers>
          <isin value="US12763L1052"/>
        </identifiers>
        <balance>159200.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6369592.00000000</valUSD>
        <pctVal>0.215642219617</pctVal>
        <payoffProfile>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="191447.85000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KYNDRYL HOLDINGS INC</name>
        <lei>549300LQ4LWX2R8ZV130</lei>
        <title>KYNDRYL HOLDINGS INC</title>
        <cusip>50155Q100</cusip>
        <identifiers>
          <isin value="US50155Q1004"/>
        </identifiers>
        <balance>558900.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>12854700.00000000</valUSD>
        <pctVal>0.435195227655</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>SHELL PLC</name>
        <lei>21380068P1DRHMJ8KU70</lei>
        <title>SHELL PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BP6MXD84"/>
        </identifiers>
        <balance>313339.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73080718"/>
        <valUSD>12044597.95000000</valUSD>
        <pctVal>0.407769263138</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ESAB CORP</name>
        <lei>549300ZNV0SWBXEIWT04</lei>
        <title>ESAB CORP</title>
        <cusip>29605J106</cusip>
        <identifiers>
          <isin value="US29605J1060"/>
        </identifiers>
        <balance>64500.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7810950.00000000</valUSD>
        <pctVal>0.264439322851</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>CRANE NXT CO</name>
        <lei>549300EXNPSXEWUD3N21</lei>
        <title>CRANE NXT CO</title>
        <cusip>224441105</cusip>
        <identifiers>
          <isin value="US2244411052"/>
        </identifiers>
        <balance>451712.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>22820490.24000000</valUSD>
        <pctVal>0.772586559406</pctVal>
        <payoffProfile>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="4945908.00000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PROFICIENT AUTO LOGISTICS INC</name>
        <lei>N/A</lei>
        <title>PROFICIENT AUTO LOGISTICS INC</title>
        <cusip>74317M104</cusip>
        <identifiers>
          <isin value="US74317M1045"/>
        </identifiers>
        <balance>195085.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1966456.80000000</valUSD>
        <pctVal>0.066574296930</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>LABCORP HOLDINGS INC</name>
        <lei>N/A</lei>
        <title>LABCORP HOLDINGS INC</title>
        <cusip>504922105</cusip>
        <identifiers>
          <isin value="US5049221055"/>
        </identifiers>
        <balance>90600.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>24599712.00000000</valUSD>
        <pctVal>0.832822023392</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>ECOGREEN INTERNATIONAL GROUP LTD</name>
        <lei>254900WRZ7L6JV2EM919</lei>
        <title>ECOGREEN INTERNATIONAL GROUP LTD (DUMMY)</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal" value="KNH891000"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.81210000"/>
        <valUSD>1.28000000</valUSD>
        <pctVal>0.000000043334</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PRIMO BRANDS CORP</name>
        <lei>254900J0WS4AXV2LAX55</lei>
        <title>PRIMO BRANDS CORP A</title>
        <cusip>741623102</cusip>
        <identifiers>
          <isin value="US7416231022"/>
        </identifiers>
        <balance>1406100.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>26631534.00000000</valUSD>
        <pctVal>0.901609255910</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>PERIMETER SOLUTIONS INC</name>
        <lei>N/A</lei>
        <title>PERIMETER SOLUTIONS INC</title>
        <cusip>71385M107</cusip>
        <identifiers>
          <isin value="US71385M1071"/>
        </identifiers>
        <balance>348576.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>9115262.40000000</valUSD>
        <pctVal>0.308596754129</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>APTIV PLC</name>
        <lei>N/A</lei>
        <title>APTIV PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JE00BTDN8H13"/>
        </identifiers>
        <balance>174000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>13180500.00000000</valUSD>
        <pctVal>0.446225170413</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SMITHFIELD FOODS</name>
        <lei>CVTIPZRZJC0JQEZLL598</lei>
        <title>SMITHFIELD FOODS INC</title>
        <cusip>832248207</cusip>
        <identifiers>
          <isin value="US8322482071"/>
        </identifiers>
        <balance>166700.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3984130.00000000</valUSD>
        <pctVal>0.134882522529</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>SUNOCOCORP LLC</name>
        <lei>529900W6BS3KGM2OOQ61</lei>
        <title>SUNOCOCORP LLC</title>
        <cusip>86765Q106</cusip>
        <identifiers>
          <isin value="US86765Q1067"/>
        </identifiers>
        <balance>114793.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6155200.66000000</valUSD>
        <pctVal>0.208384011489</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PINNACLE FINANCIAL PARTNERS INC</name>
        <lei>N/A</lei>
        <title>PINNACLE FINANCIAL PARTNERS INC</title>
        <cusip>72348N109</cusip>
        <identifiers>
          <isin value="US72348N1090"/>
        </identifiers>
        <balance>233385.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>22192579.65000000</valUSD>
        <pctVal>0.751328677685</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="As of March 2025, monthly returns presented in Item B.5.a. have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-03-02</ncom:dateSigned>
      <ncom:nameOfApplicant>Stacie M. Smith</ncom:nameOfApplicant>
      <ncom:signature>Stacie M. Smith</ncom:signature>
      <ncom:signerName>Stacie M. Smith</ncom:signerName>
      <ncom:title>President and Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
