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                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <loanByFundCondition isLoanByFund="Y" loanVal="80496"/>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>INSTALLED BUILDING PRODUCTS INC</name>
                <lei>549300I95Y9P9YM5FI86</lei>
                <title>COMMON STOCK</title>
                <cusip>45780R101</cusip>
                <identifiers>
                    <isin value="US45780R1014"/>
                </identifiers>
                <balance>1800</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>315450</valUSD>
                <pctVal>0.910447834383</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>Q2 HOLDINGS INC</name>
                <lei>549300M9RKR9DZXWS696</lei>
                <title>COMMON STOCK</title>
                <cusip>74736L109</cusip>
                <identifiers>
                    <isin value="US74736L1098"/>
                </identifiers>
                <balance>3490</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>351268.5</valUSD>
                <pctVal>1.013826739933</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>INTRA-CELLULAR THERAPIES INC</name>
                <lei>5299002U2KGF193IJA20</lei>
                <title>COMMON STOCK</title>
                <cusip>46116X101</cusip>
                <identifiers>
                    <isin value="US46116X1019"/>
                </identifiers>
                <balance>2685</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>224251.2</valUSD>
                <pctVal>0.647231001419</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>CENTURY COMMUNITIES INC</name>
                <lei>5299002QMB2O7ZL1CA26</lei>
                <title>COMMON STOCK</title>
                <cusip>156504300</cusip>
                <identifiers>
                    <isin value="US1565043007"/>
                </identifiers>
                <balance>1905</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>139750.8</valUSD>
                <pctVal>0.403347006541</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>BOOT BARN HOLDINGS INC</name>
                <lei>529900QE1BFMYA3N4E71</lei>
                <title>COMMON STOCK</title>
                <cusip>099406100</cusip>
                <identifiers>
                    <isin value="US0994061002"/>
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                <balance>3218</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>488556.76</valUSD>
                <pctVal>1.410066394405</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>LANTHEUS HOLDINGS INC</name>
                <lei>5299005HUB5IOJGO7S39</lei>
                <title>COMMON STOCK</title>
                <cusip>516544103</cusip>
                <identifiers>
                    <isin value="US5165441032"/>
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                <balance>3205</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>286719.3</valUSD>
                <pctVal>0.827525648314</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>CSW INDUSTRIALS INC</name>
                <lei>549300SYOEO3RVQ7FB83</lei>
                <title>COMMON STOCK</title>
                <cusip>126402106</cusip>
                <identifiers>
                    <isin value="US1264021064"/>
                </identifiers>
                <balance>1058</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>373262.4</valUSD>
                <pctVal>1.077305258318</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>VIKING THERAPEUTICS INC</name>
                <lei>529900IVC72YPFA25M37</lei>
                <title>COMMON STOCK</title>
                <cusip>92686J106</cusip>
                <identifiers>
                    <isin value="US92686J1060"/>
                </identifiers>
                <balance>3330</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>133999.2</valUSD>
                <pctVal>0.386746810743</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>AXSOME THERAPEUTICS INC</name>
                <lei>549300EXGR0XLRJEIB95</lei>
                <title>COMMON STOCK</title>
                <cusip>05464T104</cusip>
                <identifiers>
                    <isin value="US05464T1043"/>
                </identifiers>
                <balance>2020</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>170912.2</valUSD>
                <pctVal>0.493284648469</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>KINSALE CAPITAL GROUP INC</name>
                <lei>529900QTUQHNZ6HOA508</lei>
                <title>COMMON STOCK</title>
                <cusip>49714P108</cusip>
                <identifiers>
                    <isin value="US49714P1084"/>
                </identifiers>
                <balance>1140</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>530248.2</valUSD>
                <pctVal>1.530395705739</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>MEDPACE HOLDINGS INC</name>
                <lei>549300H8TYEUVTW14A54</lei>
                <title>COMMON STOCK</title>
                <cusip>58506Q109</cusip>
                <identifiers>
                    <isin value="US58506Q1094"/>
                </identifiers>
                <balance>1190</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>395353.7</valUSD>
                <pctVal>1.141064891362</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>HAMILTON LANE INC</name>
                <lei>5493006OKN3V1NORM833</lei>
                <title>COMMON STOCK</title>
                <cusip>407497106</cusip>
                <identifiers>
                    <isin value="US4074971064"/>
                </identifiers>
                <balance>2425</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>359021.25</valUSD>
                <pctVal>1.036202629766</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>ALTAIR ENGINEERING INC</name>
                <lei>549300FJ89HZ6GU9S994</lei>
                <title>COMMON STOCK</title>
                <cusip>021369103</cusip>
                <identifiers>
                    <isin value="US0213691035"/>
                </identifiers>
                <balance>3475</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>379157.25</valUSD>
                <pctVal>1.094318900469</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>RHYTHM PHARMACEUTICALS INC</name>
                <lei>529900JPNWXQ8DPLA551</lei>
                <title>COMMON STOCK</title>
                <cusip>76243J105</cusip>
                <identifiers>
                    <isin value="US76243J1051"/>
                </identifiers>
                <balance>2830</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>158423.4</valUSD>
                <pctVal>0.457239630514</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>CONSTRUCTION PARTNERS INC</name>
                <lei>549300MHLFL4E8JLZU44</lei>
                <title>COMMON STOCK</title>
                <cusip>21044C107</cusip>
                <identifiers>
                    <isin value="US21044C1071"/>
                </identifiers>
                <balance>2535</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>224246.1</valUSD>
                <pctVal>0.647216281863</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>KRYSTAL BIOTECH INC</name>
                <lei>549300YONUY68210OE41</lei>
                <title>COMMON STOCK</title>
                <cusip>501147102</cusip>
                <identifiers>
                    <isin value="US5011471027"/>
                </identifiers>
                <balance>550</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>86163</valUSD>
                <pctVal>0.248682570150</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>TENABLE HOLDINGS INC</name>
                <lei>5493004S5OMPESF0EF83</lei>
                <title>COMMON STOCK</title>
                <cusip>88025T102</cusip>
                <identifiers>
                    <isin value="US88025T1025"/>
                </identifiers>
                <balance>4365</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>171893.7</valUSD>
                <pctVal>0.496117441461</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>CRINETICS PHARMACEUTICALS INC</name>
                <lei>549300Q1CNFXK5P31D28</lei>
                <title>COMMON STOCK</title>
                <cusip>22663K107</cusip>
                <identifiers>
                    <isin value="US22663K1079"/>
                </identifiers>
                <balance>3900</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>199407</valUSD>
                <pctVal>0.575525982916</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>VERRA MOBILITY CORP</name>
                <lei>549300XX5EKGLR0M4152</lei>
                <title>COMMON STOCK</title>
                <cusip>92511U102</cusip>
                <identifiers>
                    <isin value="US92511U1025"/>
                </identifiers>
                <balance>15358</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>371356.44</valUSD>
                <pctVal>1.071804300466</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>PARSONS CORP</name>
                <lei>549300ZXH0VRBSEPX752</lei>
                <title>COMMON STOCK</title>
                <cusip>70202L102</cusip>
                <identifiers>
                    <isin value="US70202L1026"/>
                </identifiers>
                <balance>6605</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>609311.25</valUSD>
                <pctVal>1.758586489229</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>VERTEX INC</name>
                <lei>549300QMYW171MP1PL50</lei>
                <title>COMMON STOCK</title>
                <cusip>92538J106</cusip>
                <identifiers>
                    <isin value="US92538J1060"/>
                </identifiers>
                <balance>16145</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>861335.75</valUSD>
                <pctVal>2.485976440843</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>VAXCYTE INC</name>
                <lei>254900M7NMHTGASX8D95</lei>
                <title>COMMON STOCK</title>
                <cusip>92243G108</cusip>
                <identifiers>
                    <isin value="US92243G1085"/>
                </identifiers>
                <balance>4030</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>329895.8</valUSD>
                <pctVal>0.952141121198</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>STEPSTONE GROUP INC</name>
                <lei>N/A</lei>
                <title>COMMON STOCK</title>
                <cusip>85914M107</cusip>
                <identifiers>
                    <isin value="US85914M1071"/>
                </identifiers>
                <balance>9335</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>540309.8</valUSD>
                <pctVal>1.559435369490</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>ROCKET LAB USA INC</name>
                <lei>254900B4DEYFZJ980A14</lei>
                <title>COMMON STOCK</title>
                <cusip>773122106</cusip>
                <identifiers>
                    <isin value="US7731221062"/>
                </identifiers>
                <balance>2315</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>58963.05</valUSD>
                <pctVal>0.170178415537</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>ACV AUCTIONS INC</name>
                <lei>N/A</lei>
                <title>COMMON STOCK</title>
                <cusip>00091G104</cusip>
                <identifiers>
                    <isin value="US00091G1040"/>
                </identifiers>
                <balance>10120</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>218592</valUSD>
                <pctVal>0.630897489343</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>ZETA GLOBAL HOLDINGS CORP</name>
                <lei>2549008P9XSJQHGQ9S27</lei>
                <title>COMMON STOCK</title>
                <cusip>98956A105</cusip>
                <identifiers>
                    <isin value="US98956A1051"/>
                </identifiers>
                <balance>8170</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>146978.3</valUSD>
                <pctVal>0.424206926411</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>WEATHERFORD INTERNATIONAL PLC</name>
                <lei>529900LPBDSCQDJKHQ39</lei>
                <title>COMMON STOCK</title>
                <cusip>G48833118</cusip>
                <identifiers>
                    <isin value="IE00BLNN3691"/>
                </identifiers>
                <balance>2425</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>173702.75</valUSD>
                <pctVal>0.501338698887</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>PERELLA WEINBERG PARTNERS</name>
                <lei>N/A</lei>
                <title>COMMON STOCK</title>
                <cusip>71367G102</cusip>
                <identifiers>
                    <isin value="US71367G1022"/>
                </identifiers>
                <balance>6125</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>146020</valUSD>
                <pctVal>0.421441092967</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>DUOLINGO INC</name>
                <lei>N/A</lei>
                <title>COMMON STOCK</title>
                <cusip>26603R106</cusip>
                <identifiers>
                    <isin value="US26603R1068"/>
                </identifiers>
                <balance>985</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>319366.55</valUSD>
                <pctVal>0.921751731881</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>JANUX THERAPEUTICS INC</name>
                <lei>N/A</lei>
                <title>COMMON STOCK</title>
                <cusip>47103J105</cusip>
                <identifiers>
                    <isin value="US47103J1051"/>
                </identifiers>
                <balance>717</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>38388.18</valUSD>
                <pctVal>0.110795483744</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>INTAPP INC</name>
                <lei>N/A</lei>
                <title>COMMON STOCK</title>
                <cusip>45827U109</cusip>
                <identifiers>
                    <isin value="US45827U1097"/>
                </identifiers>
                <balance>4809</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>308208.81</valUSD>
                <pctVal>0.889548402606</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>PROCEPT BIOROBOTICS CORP</name>
                <lei>N/A</lei>
                <title>COMMON STOCK</title>
                <cusip>74276L105</cusip>
                <identifiers>
                    <isin value="US74276L1052"/>
                </identifiers>
                <balance>3952</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>318215.04</valUSD>
                <pctVal>0.918428258158</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>CLEARWATER ANALYTICS HOLDINGS INC</name>
                <lei>N/A</lei>
                <title>COMMON STOCK</title>
                <cusip>185123106</cusip>
                <identifiers>
                    <isin value="US1851231068"/>
                </identifiers>
                <balance>8800</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>242176</valUSD>
                <pctVal>0.698965334409</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>BELLRING BRANDS INC</name>
                <lei>549300S3BOK5CMTS8054</lei>
                <title>COMMON STOCK</title>
                <cusip>07831C103</cusip>
                <identifiers>
                    <isin value="US07831C1036"/>
                </identifiers>
                <balance>8280</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>623815.2</valUSD>
                <pctVal>1.800447607846</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>CREDO TECHNOLOGY GROUP HOLDING LTD</name>
                <lei>N/A</lei>
                <title>COMMON STOCK</title>
                <cusip>G25457105</cusip>
                <identifiers>
                    <isin value="KYG254571055"/>
                </identifiers>
                <balance>2880</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>193564.8</valUSD>
                <pctVal>0.558664298534</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>LEONARDO DRS INC</name>
                <lei>549300HMMEWVG3PPQU18</lei>
                <title>COMMON STOCK</title>
                <cusip>52661A108</cusip>
                <identifiers>
                    <isin value="US52661A1088"/>
                </identifiers>
                <balance>8994</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>290596.14</valUSD>
                <pctVal>0.838714935308</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>FTAI AVIATION LTD</name>
                <lei>N/A</lei>
                <title>COMMON STOCK</title>
                <cusip>G3730V105</cusip>
                <identifiers>
                    <isin value="KYG3730V1059"/>
                </identifiers>
                <balance>4550</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>655382</valUSD>
                <pctVal>1.891555310171</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>SKYWARD SPECIALTY INSURANCE GROUP INC</name>
                <lei>549300GXGXJG0YH4VN21</lei>
                <title>COMMON STOCK</title>
                <cusip>830940102</cusip>
                <identifiers>
                    <isin value="US8309401029"/>
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                <balance>11885</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>600667.9</valUSD>
                <pctVal>1.733640160844</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>KNIFE RIVER CORP</name>
                <lei>N/A</lei>
                <title>COMMON STOCK</title>
                <cusip>498894104</cusip>
                <identifiers>
                    <isin value="US4988941047"/>
                </identifiers>
                <balance>5680</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>577315.2</valUSD>
                <pctVal>1.666239890937</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>EVERUS CONSTRUCTION GROUP INC</name>
                <lei>N/A</lei>
                <title>COMMON STOCK</title>
                <cusip>300426103</cusip>
                <identifiers>
                    <isin value="US3004261034"/>
                </identifiers>
                <balance>3116</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>204877</valUSD>
                <pctVal>0.591313428324</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>DYCOM INDUSTRIES INC</name>
                <lei>549300F56EKTHQI3WT60</lei>
                <title>COMMON STOCK</title>
                <cusip>267475101</cusip>
                <identifiers>
                    <isin value="US2674751019"/>
                </identifiers>
                <balance>1835</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>319400.1</valUSD>
                <pctVal>0.921848563470</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>ONTO INNOVATION INC</name>
                <lei>254900RXZVN73CHOO062</lei>
                <title>COMMON STOCK</title>
                <cusip>683344105</cusip>
                <identifiers>
                    <isin value="US6833441057"/>
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                <balance>2010</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>335006.7</valUSD>
                <pctVal>0.966892136689</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>ITRON INC</name>
                <lei>24F6LSZD18II6ICG6S41</lei>
                <title>COMMON STOCK</title>
                <cusip>465741106</cusip>
                <identifiers>
                    <isin value="US4657411066"/>
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                <balance>3335</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>362114.3</valUSD>
                <pctVal>1.045129751891</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>MODINE MANUFACTURING CO</name>
                <lei>Z35SZFYJR8GZZRSIUU09</lei>
                <title>COMMON STOCK</title>
                <cusip>607828100</cusip>
                <identifiers>
                    <isin value="US6078281002"/>
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                <balance>2965</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>343732.45</valUSD>
                <pctVal>0.992076286922</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>OCEANEERING INTERNATIONAL INC</name>
                <lei>549300L6PH74701W0R30</lei>
                <title>COMMON STOCK</title>
                <cusip>675232102</cusip>
                <identifiers>
                    <isin value="US6752321025"/>
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                <balance>7175</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>187124</valUSD>
                <pctVal>0.540074942340</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>ENCOMPASS HEALTH CORP</name>
                <lei>549300FVRPM9DRQZRG64</lei>
                <title>COMMON STOCK</title>
                <cusip>29261A100</cusip>
                <identifiers>
                    <isin value="US29261A1007"/>
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                <balance>7160</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>661226</valUSD>
                <pctVal>1.908422189689</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>KIRBY CORP</name>
                <lei>I7NO6FZO5GUCG585T325</lei>
                <title>COMMON STOCK</title>
                <cusip>497266106</cusip>
                <identifiers>
                    <isin value="US4972661064"/>
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                <balance>3926</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>415370.8</valUSD>
                <pctVal>1.198837994376</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>RAMBUS INC</name>
                <lei>2549000211GDCQSLV833</lei>
                <title>COMMON STOCK</title>
                <cusip>750917106</cusip>
                <identifiers>
                    <isin value="US7509171069"/>
                </identifiers>
                <balance>3375</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>178402.5</valUSD>
                <pctVal>0.514903058404</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>IES HOLDINGS INC</name>
                <lei>549300687T8E6LN6EN72</lei>
                <title>COMMON STOCK</title>
                <cusip>44951W106</cusip>
                <identifiers>
                    <isin value="US44951W1062"/>
                </identifiers>
                <balance>1710</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>343641.6</valUSD>
                <pctVal>0.991814076791</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
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                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>FEDERAL SIGNAL CORP</name>
                <lei>549300RTXZRPTNP6G884</lei>
                <title>COMMON STOCK</title>
                <cusip>313855108</cusip>
                <identifiers>
                    <isin value="US3138551086"/>
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                <balance>5295</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>489205.05</valUSD>
                <pctVal>1.411937480873</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>ACI WORLDWIDE INC</name>
                <lei>5493003BPVMZUJ6F5C02</lei>
                <title>COMMON STOCK</title>
                <cusip>004498101</cusip>
                <identifiers>
                    <isin value="US0044981019"/>
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                <balance>11670</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>605789.7</valUSD>
                <pctVal>1.748422635778</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
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                    <isLoanByFund>N</isLoanByFund>
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            </invstOrSec>
            <invstOrSec>
                <name>SPX TECHNOLOGIES INC</name>
                <lei>P761FCI0CPOG24I8JE10</lei>
                <title>COMMON STOCK</title>
                <cusip>78473E103</cusip>
                <identifiers>
                    <isin value="US78473E1038"/>
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                <balance>1665</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>242290.8</valUSD>
                <pctVal>0.699296668730</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
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            </invstOrSec>
            <invstOrSec>
                <name>MANHATTAN ASSOCIATES INC</name>
                <lei>529900Q1GJP7KD52SW51</lei>
                <title>COMMON STOCK</title>
                <cusip>562750109</cusip>
                <identifiers>
                    <isin value="US5627501092"/>
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                <balance>2115</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>571557.6</valUSD>
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                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
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                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
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                    <isLoanByFund>N</isLoanByFund>
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            <invstOrSec>
                <name>APPLIED INDUSTRIAL TECHNOLOGIES INC</name>
                <lei>549300NU173IJRC6PO38</lei>
                <title>COMMON STOCK</title>
                <cusip>03820C105</cusip>
                <identifiers>
                    <isin value="US03820C1053"/>
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                <balance>2674</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>640342.78</valUSD>
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                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
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                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
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                    <isLoanByFund>N</isLoanByFund>
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            <invstOrSec>
                <name>INSMED INC</name>
                <lei>529900Q55QAG41CCAC11</lei>
                <title>COMMON STOCK</title>
                <cusip>457669307</cusip>
                <identifiers>
                    <isin value="US4576693075"/>
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                <balance>4375</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>302050</valUSD>
                <pctVal>0.871772922413</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
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                    <isLoanByFund>N</isLoanByFund>
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            <invstOrSec>
                <name>MDU RESOURCES GROUP INC</name>
                <lei>N/A</lei>
                <title>COMMON STOCK</title>
                <cusip>552690109</cusip>
                <identifiers>
                    <isin value="US5526901096"/>
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                <balance>5835</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>105146.7</valUSD>
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                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
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            <invstOrSec>
                <name>AGILYSYS INC</name>
                <lei>5299001XWB5V3B5IPN93</lei>
                <title>COMMON STOCK</title>
                <cusip>00847J105</cusip>
                <identifiers>
                    <isin value="US00847J1051"/>
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                <balance>2955</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>389203.05</valUSD>
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                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
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            <invstOrSec>
                <name>KRATOS DEFENSE  AND  SECURITY SOLUTIONS INC</name>
                <lei>5493000EKBN0UY1F3F88</lei>
                <title>COMMON STOCK</title>
                <cusip>50077B207</cusip>
                <identifiers>
                    <isin value="US50077B2079"/>
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                <balance>9765</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>257600.7</valUSD>
                <pctVal>0.743483910130</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
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            </invstOrSec>
            <invstOrSec>
                <name>CARPENTER TECHNOLOGY CORP</name>
                <lei>DX6I6ZD3X5WNNCDJKP85</lei>
                <title>COMMON STOCK</title>
                <cusip>144285103</cusip>
                <identifiers>
                    <isin value="US1442851036"/>
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                <balance>4028</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>683591.88</valUSD>
                <pctVal>1.972974312086</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
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            <invstOrSec>
                <name>VSE CORP</name>
                <lei>549300QWJYQDH4U5XI15</lei>
                <title>COMMON STOCK</title>
                <cusip>918284100</cusip>
                <identifiers>
                    <isin value="US9182841000"/>
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                <balance>3815</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>362806.5</valUSD>
                <pctVal>1.047127570851</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
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            </invstOrSec>
            <invstOrSec>
                <name>EAGLE MATERIALS INC</name>
                <lei>529900KRXRGXL61SG039</lei>
                <title>COMMON STOCK</title>
                <cusip>26969P108</cusip>
                <identifiers>
                    <isin value="US26969P1084"/>
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                <balance>2080</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>513260.8</valUSD>
                <pctVal>1.481366884874</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
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            </invstOrSec>
            <invstOrSec>
                <name>NOVANTA INC</name>
                <lei>N/A</lei>
                <title>COMMON STOCK</title>
                <cusip>67000B104</cusip>
                <identifiers>
                    <isin value="CA67000B1040"/>
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                <balance>1710</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>261236.7</valUSD>
                <pctVal>0.753978087736</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
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            <invstOrSec>
                <name>CASELLA WASTE SYSTEMS INC</name>
                <lei>8EU0XUFVJ48U37IIDH51</lei>
                <title>COMMON STOCK</title>
                <cusip>147448104</cusip>
                <identifiers>
                    <isin value="US1474481041"/>
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                <balance>4130</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>436995.3</valUSD>
                <pctVal>1.261250355113</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
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                    <isLoanByFund>N</isLoanByFund>
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            <invstOrSec>
                <name>CHURCHILL DOWNS INC</name>
                <lei>529900FODTBQC8MIS994</lei>
                <title>COMMON STOCK</title>
                <cusip>171484108</cusip>
                <identifiers>
                    <isin value="US1714841087"/>
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                <balance>1730</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>231024.2</valUSD>
                <pctVal>0.666779149088</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
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            <invstOrSec>
                <name>CLEAN HARBORS INC</name>
                <lei>5493000SJVZVZJKHJF48</lei>
                <title>COMMON STOCK</title>
                <cusip>184496107</cusip>
                <identifiers>
                    <isin value="US1844961078"/>
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                <balance>2455</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>564993.7</valUSD>
                <pctVal>1.630677732144</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
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                    <isLoanByFund>N</isLoanByFund>
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            </invstOrSec>
            <invstOrSec>
                <name>COMFORT SYSTEMS USA INC</name>
                <lei>5299009DT1ZA5HTU6R38</lei>
                <title>COMMON STOCK</title>
                <cusip>199908104</cusip>
                <identifiers>
                    <isin value="US1999081045"/>
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                <balance>1755</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>744225.3</valUSD>
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                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
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                    <isLoanByFund>N</isLoanByFund>
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            <invstOrSec>
                <name>M/I HOMES INC</name>
                <lei>5299005M71FH9CCSFB69</lei>
                <title>COMMON STOCK</title>
                <cusip>55305B101</cusip>
                <identifiers>
                    <isin value="US55305B1017"/>
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                <balance>2035</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>270553.25</valUSD>
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                <assetCat>EC</assetCat>
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                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
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                    <isCashCollateral>N</isCashCollateral>
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            <invstOrSec>
                <name>MERIT MEDICAL SYSTEMS INC</name>
                <lei>549300OYTY138SP2CE83</lei>
                <title>COMMON STOCK</title>
                <cusip>589889104</cusip>
                <identifiers>
                    <isin value="US5898891040"/>
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                <balance>7040</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>680908.8</valUSD>
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                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
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                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
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                    <isCashCollateral>N</isCashCollateral>
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                    <isLoanByFund>N</isLoanByFund>
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            <invstOrSec>
                <name>PATRICK INDUSTRIES INC</name>
                <lei>549300FZ5ZTCCJ3Z5W14</lei>
                <title>COMMON STOCK</title>
                <cusip>703343103</cusip>
                <identifiers>
                    <isin value="US7033431039"/>
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                <balance>952</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>79092.16</valUSD>
                <pctVal>0.228274800408</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
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            <invstOrSec>
                <name>PEGASYSTEMS INC</name>
                <lei>549300FMCOKPL06FYN26</lei>
                <title>COMMON STOCK</title>
                <cusip>705573103</cusip>
                <identifiers>
                    <isin value="US7055731035"/>
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                <balance>1485</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>138402</valUSD>
                <pctVal>0.399454116894</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
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            </invstOrSec>
            <invstOrSec>
                <name>RADNET INC</name>
                <lei>529900RECG94V2IZJ970</lei>
                <title>COMMON STOCK</title>
                <cusip>750491102</cusip>
                <identifiers>
                    <isin value="US7504911022"/>
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                <balance>4350</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>303804</valUSD>
                <pctVal>0.876835295219</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
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            </invstOrSec>
            <invstOrSec>
                <name>UFP TECHNOLOGIES INC</name>
                <lei>549300RJ8LY41HS70C91</lei>
                <title>COMMON STOCK</title>
                <cusip>902673102</cusip>
                <identifiers>
                    <isin value="US9026731029"/>
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                <balance>1430</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>349649.3</valUSD>
                <pctVal>1.009153425197</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
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            </invstOrSec>
            <invstOrSec>
                <name>SCS TRANSPORTATION INC</name>
                <lei>549300WNPG4N9GBOYB29</lei>
                <title>COMMON STOCK</title>
                <cusip>78709Y105</cusip>
                <identifiers>
                    <isin value="US78709Y1055"/>
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                <balance>700</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>319011</valUSD>
                <pctVal>0.920725547929</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>FORMFACTOR INC</name>
                <lei>549300YCEEO6SZD1ZR61</lei>
                <title>COMMON STOCK</title>
                <cusip>346375108</cusip>
                <identifiers>
                    <isin value="US3463751087"/>
                </identifiers>
                <balance>4230</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>186120</valUSD>
                <pctVal>0.537177210129</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>HALOZYME THERAPEUTICS INC</name>
                <lei>529900242I3SV9AGM753</lei>
                <title>COMMON STOCK</title>
                <cusip>40637H109</cusip>
                <identifiers>
                    <isin value="US40637H1095"/>
                </identifiers>
                <balance>7620</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>364312.2</valUSD>
                <pctVal>1.051473303310</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>BANCORP INC/THE</name>
                <lei>N/A</lei>
                <title>COMMON STOCK</title>
                <cusip>05969A105</cusip>
                <identifiers>
                    <isin value="US05969A1051"/>
                </identifiers>
                <balance>9125</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>480248.75</valUSD>
                <pctVal>1.386087920122</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>CYTOKINETICS INC</name>
                <lei>549300BE5DY1HW7IHA64</lei>
                <title>COMMON STOCK</title>
                <cusip>23282W605</cusip>
                <identifiers>
                    <isin value="US23282W6057"/>
                </identifiers>
                <balance>2415</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>113601.6</valUSD>
                <pctVal>0.327875513401</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>TEXAS ROADHOUSE INC</name>
                <lei>5299002Y1CNRPDGXTQ75</lei>
                <title>COMMON STOCK</title>
                <cusip>882681109</cusip>
                <identifiers>
                    <isin value="US8826811098"/>
                </identifiers>
                <balance>2920</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>526855.6</valUSD>
                <pctVal>1.520604026161</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>HURON CONSULTING GROUP INC</name>
                <lei>549300NGVB9H6TKTLE36</lei>
                <title>COMMON STOCK</title>
                <cusip>447462102</cusip>
                <identifiers>
                    <isin value="US4474621020"/>
                </identifiers>
                <balance>5065</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>629376.9</valUSD>
                <pctVal>1.816499716644</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>RBC BEARINGS INC</name>
                <lei>N/A</lei>
                <title>COMMON STOCK</title>
                <cusip>75524B104</cusip>
                <identifiers>
                    <isin value="US75524B1044"/>
                </identifiers>
                <balance>1156</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>345805.84</valUSD>
                <pctVal>0.998060479140</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>ICF INTERNATIONAL INC</name>
                <lei>5493003KYFDDC5B3WY64</lei>
                <title>COMMON STOCK</title>
                <cusip>44925C103</cusip>
                <identifiers>
                    <isin value="US44925C1036"/>
                </identifiers>
                <balance>2918</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>347854.78</valUSD>
                <pctVal>1.003974104076</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>ASCENDIS PHARMA A/S</name>
                <lei>549300B66JN3W3J8GH73</lei>
                <title>COMMON STOCK - ADR</title>
                <cusip>04351P101</cusip>
                <identifiers>
                    <isin value="US04351P1012"/>
                </identifiers>
                <balance>1260</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>173464.2</valUSD>
                <pctVal>0.500650198868</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>DK</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>VERONA PHARMA PLC</name>
                <lei>213800EVI6O6J3TIAL06</lei>
                <title>COMMON STOCK - ADR</title>
                <cusip>925050106</cusip>
                <identifiers>
                    <isin value="US9250501064"/>
                </identifiers>
                <balance>7305</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>339244.2</valUSD>
                <pctVal>0.979122356053</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>CES ENERGY SOLUTIONS CORP</name>
                <lei>984500NF54914EB1B646</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="CA15713J1049"/>
                </identifiers>
                <balance>42420</balance>
                <units>NS</units>
                <currencyConditional curCd="CAD" exchangeRt=".695676371"/>
                <valUSD>292745.07</valUSD>
                <pctVal>0.844917150127</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>FIRSTSERVICE CORP</name>
                <lei>5493000XUDIV75BCF118</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="CA33767E2024"/>
                </identifiers>
                <balance>1940</balance>
                <units>NS</units>
                <currencyConditional curCd="CAD" exchangeRt=".695676371"/>
                <valUSD>351425.51</valUSD>
                <pctVal>1.014279900226</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>NOVA LTD</name>
                <lei>529900B2DSWE5V3SC292</lei>
                <title>ORDINARY SHARES</title>
                <cusip>M7516K103</cusip>
                <identifiers>
                    <isin value="IL0010845571"/>
                </identifiers>
                <balance>2710</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>533734.5</valUSD>
                <pctVal>1.540457821082</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>IL</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>XENON PHARMACEUTICALS INC</name>
                <lei>549300XV44Q9Z1MIPQ03</lei>
                <title>ORDINARY SHARES</title>
                <cusip>98420N105</cusip>
                <identifiers>
                    <isin value="CA98420N1050"/>
                </identifiers>
                <balance>3495</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>137004</valUSD>
                <pctVal>0.395419226824</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>DESCARTES SYSTEMS GROUP INC/THE</name>
                <lei>875500NEPA7JI5EOMN45</lei>
                <title>ORDINARY SHARES</title>
                <cusip>249906108</cusip>
                <identifiers>
                    <isin value="CA2499061083"/>
                </identifiers>
                <balance>6340</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>720224</valUSD>
                <pctVal>2.078701477478</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>ARITZIA INC</name>
                <lei>549300U83HKFRL1EX527</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="CA04045U1021"/>
                </identifiers>
                <balance>5400</balance>
                <units>NS</units>
                <currencyConditional curCd="CAD" exchangeRt=".695676371"/>
                <valUSD>200755.5</valUSD>
                <pctVal>0.579418006706</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>COLLIERS INTERNATIONAL GROUP INC</name>
                <lei>D3O8K13PHLEXXD1DT480</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="CA1946931070"/>
                </identifiers>
                <balance>3385</balance>
                <units>NS</units>
                <currencyConditional curCd="CAD" exchangeRt=".695676371"/>
                <valUSD>460328.92</valUSD>
                <pctVal>1.328595556563</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>CAMTEK LTD/ISRAEL</name>
                <lei>5493000H80W07HCKGS43</lei>
                <title>ORDINARY SHARES</title>
                <cusip>M20791105</cusip>
                <identifiers>
                    <isin value="IL0010952641"/>
                </identifiers>
                <balance>3570</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>288348.9</valUSD>
                <pctVal>0.832228979400</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>IL</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <loanByFundCondition isLoanByFund="Y" loanVal="266541"/>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>PUTNAM CASH COLLATERAL POOL LLC</name>
                <lei>5493005HRIV7IFMKD774</lei>
                <title>SHORT TERM INV FUND</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <other otherDesc="Internal ID" value="1181681"/>
                </identifiers>
                <balance>356305</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>356305</valUSD>
                <pctVal>1.028363023077</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>STIV</assetCat>
                <issuerCat>PF</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <cashCollateralCondition cashCollateralVal="356305" isCashCollateral="Y"/>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>PUTNAM SHORT TERM INVESTMENT FUND</name>
                <lei>5493003MK0Q7JP8CPP42</lei>
                <title>SHORT TERM INV FUND</title>
                <cusip>74676P664</cusip>
                <identifiers>
                    <isin value="US74676P6640"/>
                </identifiers>
                <balance>314756</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>314756</valUSD>
                <pctVal>0.908444820285</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>STIV</assetCat>
                <issuerCat>PF</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
        </invstOrSecs>
        <explntrNotes>
            <explntrNote note="Monthly total returns provided exclude any applicable sales loads or redemption fees. " noteItem="B.5.a"/>
            <explntrNote note="For certain swaptions, if any, the value provided may include any unpaid or received premium and as a result may be a negative value." noteItem="C.2.c"/>
            <explntrNote note="For total return swaps, interest rate swaps or spread swaps, if any, the mark to market payment may be either received or paid, depending on the change in value of the underlying index, basket or equity. For credit default swaps, if any, floating rate index related payments are only made upon the occurrence of a credit event on the reference obligation." noteItem="C.11.f.i.1"/>
            <explntrNote note="For total return swaps, interest rate swaps or spread swaps, if any, the mark to market payment may be either paid or received, depending on the change in value of the underlying index, basket or equity. For credit default swaps, if any, floating rate index related payments are only made upon the occurrence of a credit event on the reference obligation." noteItem="C.11.f.i.2"/>
        </explntrNotes>
        <signature>
            <ncom:dateSigned>2025-02-28</ncom:dateSigned>
            <ncom:nameOfApplicant>Putnam Variable Trust</ncom:nameOfApplicant>
            <ncom:signature>Kevin R Blatchford</ncom:signature>
            <ncom:signerName>Kevin R Blatchford</ncom:signerName>
            <ncom:title>Assistant Treasurer</ncom:title>
        </signature>
    </formData>
</edgarSubmission>
