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                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>MURPHY USA INC</name>
                <lei>549300Y081F8XIKQIO72</lei>
                <title>COMMON STOCK</title>
                <cusip>626755102</cusip>
                <identifiers>
                    <isin value="US6267551025"/>
                </identifiers>
                <balance>1255</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>589611.55</valUSD>
                <pctVal>1.894730251068</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>MR COOPER GROUP INC</name>
                <lei>549300KD8C6DPXYC2M26</lei>
                <title>COMMON STOCK</title>
                <cusip>62482R107</cusip>
                <identifiers>
                    <isin value="US62482R1077"/>
                </identifiers>
                <balance>1105</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>132158</valUSD>
                <pctVal>0.424692766824</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </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>1820</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>312057.2</valUSD>
                <pctVal>1.002802975796</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</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"/>
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                <balance>3950</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>316039.5</valUSD>
                <pctVal>1.015600188264</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</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"/>
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                <balance>2550</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>336396</valUSD>
                <pctVal>1.081016268318</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</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>2980</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>320141.4</valUSD>
                <pctVal>1.028781738077</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>ADMA BIOLOGICS INC</name>
                <lei>N/A</lei>
                <title>COMMON STOCK</title>
                <cusip>000899104</cusip>
                <identifiers>
                    <isin value="US0008991046"/>
                </identifiers>
                <balance>14800</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>293632</valUSD>
                <pctVal>0.943593172626</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>BLUEPRINT MEDICINES CORP</name>
                <lei>5299004CC60O9T5HVM83</lei>
                <title>COMMON STOCK</title>
                <cusip>09627Y109</cusip>
                <identifiers>
                    <isin value="US09627Y1091"/>
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                <balance>925</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>81871.75</valUSD>
                <pctVal>0.263096748076</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</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>3270</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>319152</valUSD>
                <pctVal>1.025602278464</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>PLANET FITNESS INC</name>
                <lei>549300LLE5HUPF6H8G33</lei>
                <title>COMMON STOCK</title>
                <cusip>72703H101</cusip>
                <identifiers>
                    <isin value="US72703H1014"/>
                </identifiers>
                <balance>2365</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>228482.65</valUSD>
                <pctVal>0.734234240831</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</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>1088</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>317173.76</valUSD>
                <pctVal>1.019245158812</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</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>2320</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>56028</valUSD>
                <pctVal>0.180047264181</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</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>2230</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>260084.9</valUSD>
                <pctVal>0.835788796668</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</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>1100</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>535381</valUSD>
                <pctVal>1.720459133725</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</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>950</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>289455.5</valUSD>
                <pctVal>0.930171894001</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</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>1400</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>208138</valUSD>
                <pctVal>0.668856241023</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</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>3305</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>175065.85</valUSD>
                <pctVal>0.562578127793</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</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>3485</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>250466.95</valUSD>
                <pctVal>0.804881293553</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</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>3945</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>132315.3</valUSD>
                <pctVal>0.425198253985</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</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>14553</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>327588.03</valUSD>
                <pctVal>1.052711654527</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</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>4905</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>290425.05</valUSD>
                <pctVal>0.933287565183</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>SPRINGWORKS THERAPEUTICS INC</name>
                <lei>N/A</lei>
                <title>COMMON STOCK</title>
                <cusip>85205L107</cusip>
                <identifiers>
                    <isin value="US85205L1070"/>
                </identifiers>
                <balance>1755</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>77448.15</valUSD>
                <pctVal>0.248881407927</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</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>16830</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>589218.3</valUSD>
                <pctVal>1.893466533166</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</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>4075</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>153872</valUSD>
                <pctVal>0.494471204291</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</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>9420</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>492006.6</valUSD>
                <pctVal>1.581074503621</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>HIMS  AND  HERS HEALTH INC</name>
                <lei>254900V041EIVTSB6D58</lei>
                <title>COMMON STOCK</title>
                <cusip>433000106</cusip>
                <identifiers>
                    <isin value="US4330001060"/>
                </identifiers>
                <balance>3400</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>100470</valUSD>
                <pctVal>0.322862651393</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</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>8730</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>156092.4</valUSD>
                <pctVal>0.501606510663</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</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>10695</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>150692.55</valUSD>
                <pctVal>0.484253968728</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</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"/>
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                <balance>5695</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>77224.2</valUSD>
                <pctVal>0.248161739461</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>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>PERELLA WEINBERG PARTNERS</name>
                <lei>N/A</lei>
                <title>COMMON STOCK</title>
                <cusip>71367G102</cusip>
                <identifiers>
                    <isin value="US71367G1022"/>
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                <balance>9920</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>182528</valUSD>
                <pctVal>0.586557918119</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>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>DUOLINGO INC</name>
                <lei>N/A</lei>
                <title>COMMON STOCK</title>
                <cusip>26603R106</cusip>
                <identifiers>
                    <isin value="US26603R1068"/>
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                <balance>865</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>268617.1</valUSD>
                <pctVal>0.863207217233</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</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"/>
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                <balance>727</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>19629</valUSD>
                <pctVal>0.063078242104</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</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"/>
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                <balance>4149</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>242218.62</valUSD>
                <pctVal>0.778375095749</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>GITLAB INC</name>
                <lei>9845004Y40FACG81ED49</lei>
                <title>COMMON STOCK</title>
                <cusip>37637K108</cusip>
                <identifiers>
                    <isin value="US37637K1088"/>
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                <balance>2580</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>121260</valUSD>
                <pctVal>0.389671793649</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</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"/>
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                <balance>2612</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>152175.12</valUSD>
                <pctVal>0.489018241457</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</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>8860</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>237448</valUSD>
                <pctVal>0.763044598865</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</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"/>
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                <balance>8370</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>623230.2</valUSD>
                <pctVal>2.002764554594</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</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"/>
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                <balance>3850</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>154616</valUSD>
                <pctVal>0.496862065370</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>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>LEONARDO DRS INC</name>
                <lei>549300HMMEWVG3PPQU18</lei>
                <title>COMMON STOCK</title>
                <cusip>52661A108</cusip>
                <identifiers>
                    <isin value="US52661A1088"/>
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                <balance>8394</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>275994.72</valUSD>
                <pctVal>0.886915368464</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</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"/>
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                <balance>3390</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>376391.7</valUSD>
                <pctVal>1.209543368411</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>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>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>11870</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>628160.4</valUSD>
                <pctVal>2.018607865472</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>CRANE CO</name>
                <lei>5493000CQRQOTHUODL75</lei>
                <title>COMMON STOCK</title>
                <cusip>224408104</cusip>
                <identifiers>
                    <isin value="US2244081046"/>
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                <balance>920</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>140925.6</valUSD>
                <pctVal>0.452867650693</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>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>KNIFE RIVER CORP</name>
                <lei>N/A</lei>
                <title>COMMON STOCK</title>
                <cusip>498894104</cusip>
                <identifiers>
                    <isin value="US4988941047"/>
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                <balance>5675</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>511941.75</valUSD>
                <pctVal>1.645136565778</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>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>DYCOM INDUSTRIES INC</name>
                <lei>549300F56EKTHQI3WT60</lei>
                <title>COMMON STOCK</title>
                <cusip>267475101</cusip>
                <identifiers>
                    <isin value="US2674751019"/>
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                <balance>1855</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>282590.7</valUSD>
                <pctVal>0.908111701612</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
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            </invstOrSec>
            <invstOrSec>
                <name>ONTO INNOVATION INC</name>
                <lei>254900RXZVN73CHOO062</lei>
                <title>COMMON STOCK</title>
                <cusip>683344105</cusip>
                <identifiers>
                    <isin value="US6833441057"/>
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                <balance>250</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>30335</valUSD>
                <pctVal>0.097482218871</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</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>4550</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>476658</valUSD>
                <pctVal>1.531751425178</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</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>800</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>61400</valUSD>
                <pctVal>0.197310309501</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</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"/>
                </identifiers>
                <balance>7240</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>733267.2</valUSD>
                <pctVal>2.356370980107</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</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"/>
                </identifiers>
                <balance>4481</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>452625.81</valUSD>
                <pctVal>1.454523430929</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>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>RAMBUS INC</name>
                <lei>2549000211GDCQSLV833</lei>
                <title>COMMON STOCK</title>
                <cusip>750917106</cusip>
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                    <isin value="US7509171069"/>
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                <balance>2895</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>149888.63</valUSD>
                <pctVal>0.481670553354</pctVal>
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                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
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                    <isLoanByFund>N</isLoanByFund>
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            </invstOrSec>
            <invstOrSec>
                <name>IES HOLDINGS INC</name>
                <lei>549300687T8E6LN6EN72</lei>
                <title>COMMON STOCK</title>
                <cusip>44951W106</cusip>
                <identifiers>
                    <isin value="US44951W1062"/>
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                <balance>1310</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>216294.1</valUSD>
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                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
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                    <isLoanByFund>N</isLoanByFund>
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            </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>5225</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>384298.75</valUSD>
                <pctVal>1.234952855100</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>ACI WORLDWIDE INC</name>
                <lei>5493003BPVMZUJ6F5C02</lei>
                <title>COMMON STOCK</title>
                <cusip>004498101</cusip>
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                    <isin value="US0044981019"/>
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                <balance>12100</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>661991</valUSD>
                <pctVal>2.127323275188</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
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                    <isCashCollateral>N</isCashCollateral>
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                    <isLoanByFund>N</isLoanByFund>
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            <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>2365</balance>
                <units>NS</units>
                <curCd>USD</curCd>
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                <assetCat>EC</assetCat>
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                <invCountry>US</invCountry>
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                <fairValLevel>1</fairValLevel>
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                    <isCashCollateral>N</isCashCollateral>
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            <invstOrSec>
                <name>MANHATTAN ASSOCIATES INC</name>
                <lei>529900Q1GJP7KD52SW51</lei>
                <title>COMMON STOCK</title>
                <cusip>562750109</cusip>
                <identifiers>
                    <isin value="US5627501092"/>
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                <balance>295</balance>
                <units>NS</units>
                <curCd>USD</curCd>
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                <assetCat>EC</assetCat>
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                <invCountry>US</invCountry>
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                <fairValLevel>1</fairValLevel>
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                    <isCashCollateral>N</isCashCollateral>
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            <invstOrSec>
                <name>APPLIED INDUSTRIAL TECHNOLOGIES INC</name>
                <lei>549300NU173IJRC6PO38</lei>
                <title>COMMON STOCK</title>
                <cusip>03820C105</cusip>
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                    <isin value="US03820C1053"/>
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                <curCd>USD</curCd>
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                <assetCat>EC</assetCat>
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                <invCountry>US</invCountry>
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                <fairValLevel>1</fairValLevel>
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                    <isCashCollateral>N</isCashCollateral>
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            <invstOrSec>
                <name>INSMED INC</name>
                <lei>529900Q55QAG41CCAC11</lei>
                <title>COMMON STOCK</title>
                <cusip>457669307</cusip>
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                    <isin value="US4576693075"/>
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                <balance>4725</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>360470.25</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>AGILYSYS INC</name>
                <lei>5299001XWB5V3B5IPN93</lei>
                <title>COMMON STOCK</title>
                <cusip>00847J105</cusip>
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                    <isin value="US00847J1051"/>
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                <balance>3035</balance>
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                <curCd>USD</curCd>
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                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
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                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
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                    <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>
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                    <isin value="US50077B2079"/>
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                <balance>9405</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>279234.45</valUSD>
                <pctVal>0.897326315191</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>CARPENTER TECHNOLOGY CORP</name>
                <lei>DX6I6ZD3X5WNNCDJKP85</lei>
                <title>COMMON STOCK</title>
                <cusip>144285103</cusip>
                <identifiers>
                    <isin value="US1442851036"/>
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                <balance>3573</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>647356.14</valUSD>
                <pctVal>2.080293816620</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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                    <loanByFundCondition isLoanByFund="Y" loanVal="579776"/>
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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>4060</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>487159.4</valUSD>
                <pctVal>1.565497915148</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>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>EAGLE MATERIALS INC</name>
                <lei>529900KRXRGXL61SG039</lei>
                <title>COMMON STOCK</title>
                <cusip>26969P108</cusip>
                <identifiers>
                    <isin value="US26969P1084"/>
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                <balance>2105</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>467162.65</valUSD>
                <pctVal>1.501237899977</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>VERICEL CORP</name>
                <lei>54930076YM3PLTDR4B91</lei>
                <title>COMMON STOCK</title>
                <cusip>92346J108</cusip>
                <identifiers>
                    <isin value="US92346J1088"/>
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                <balance>2533</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>113022.46</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>CASELLA WASTE SYSTEMS INC</name>
                <lei>8EU0XUFVJ48U37IIDH51</lei>
                <title>COMMON STOCK</title>
                <cusip>147448104</cusip>
                <identifiers>
                    <isin value="US1474481041"/>
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                <balance>5190</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>578736.9</valUSD>
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                <assetCat>EC</assetCat>
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                <invCountry>US</invCountry>
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                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
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            <invstOrSec>
                <name>CLEAN HARBORS INC</name>
                <lei>5493000SJVZVZJKHJF48</lei>
                <title>COMMON STOCK</title>
                <cusip>184496107</cusip>
                <identifiers>
                    <isin value="US1844961078"/>
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                <balance>2555</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>503590.5</valUSD>
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                <assetCat>EC</assetCat>
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                <invCountry>US</invCountry>
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                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
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                    <isLoanByFund>N</isLoanByFund>
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            <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>1615</balance>
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                <curCd>USD</curCd>
                <valUSD>520562.95</valUSD>
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                <assetCat>EC</assetCat>
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                <invCountry>US</invCountry>
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                <fairValLevel>1</fairValLevel>
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                    <isCashCollateral>N</isCashCollateral>
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            <invstOrSec>
                <name>MERIT MEDICAL SYSTEMS INC</name>
                <lei>549300OYTY138SP2CE83</lei>
                <title>COMMON STOCK</title>
                <cusip>589889104</cusip>
                <identifiers>
                    <isin value="US5898891040"/>
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                <balance>7180</balance>
                <units>NS</units>
                <curCd>USD</curCd>
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                <assetCat>EC</assetCat>
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                <invCountry>US</invCountry>
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                <fairValLevel>1</fairValLevel>
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            <invstOrSec>
                <name>PATRICK INDUSTRIES INC</name>
                <lei>549300FZ5ZTCCJ3Z5W14</lei>
                <title>COMMON STOCK</title>
                <cusip>703343103</cusip>
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                    <isin value="US7033431039"/>
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                <balance>2177</balance>
                <units>NS</units>
                <curCd>USD</curCd>
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                <assetCat>EC</assetCat>
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                <invCountry>US</invCountry>
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                <fairValLevel>1</fairValLevel>
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            <invstOrSec>
                <name>PEGASYSTEMS INC</name>
                <lei>549300FMCOKPL06FYN26</lei>
                <title>COMMON STOCK</title>
                <cusip>705573103</cusip>
                <identifiers>
                    <isin value="US7055731035"/>
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                <balance>3365</balance>
                <units>NS</units>
                <curCd>USD</curCd>
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                <assetCat>EC</assetCat>
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                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
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                    <isCashCollateral>N</isCashCollateral>
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                    <isLoanByFund>N</isLoanByFund>
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            <invstOrSec>
                <name>RADNET INC</name>
                <lei>529900RECG94V2IZJ970</lei>
                <title>COMMON STOCK</title>
                <cusip>750491102</cusip>
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                    <isin value="US7504911022"/>
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                <balance>4020</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>199874.4</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>UFP TECHNOLOGIES INC</name>
                <lei>549300RJ8LY41HS70C91</lei>
                <title>COMMON STOCK</title>
                <cusip>902673102</cusip>
                <identifiers>
                    <isin value="US9026731029"/>
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                <balance>1365</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>275334.15</valUSD>
                <pctVal>0.884792611605</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>INTEGER HOLDINGS CORP</name>
                <lei>549300SUD2ED5XG6X569</lei>
                <title>COMMON STOCK</title>
                <cusip>45826H109</cusip>
                <identifiers>
                    <isin value="US45826H1095"/>
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                <balance>2280</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>269062.8</valUSD>
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                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
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            </invstOrSec>
            <invstOrSec>
                <name>SCS TRANSPORTATION INC</name>
                <lei>549300WNPG4N9GBOYB29</lei>
                <title>COMMON STOCK</title>
                <cusip>78709Y105</cusip>
                <identifiers>
                    <isin value="US78709Y1055"/>
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                <balance>610</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>213152.3</valUSD>
                <pctVal>0.684969809182</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>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>HALOZYME THERAPEUTICS INC</name>
                <lei>529900242I3SV9AGM753</lei>
                <title>COMMON STOCK</title>
                <cusip>40637H109</cusip>
                <identifiers>
                    <isin value="US40637H1095"/>
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                <balance>8020</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>511756.2</valUSD>
                <pctVal>1.644540296593</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</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>894500FP2ICT1B019Y71</lei>
                <title>COMMON STOCK</title>
                <cusip>05969A105</cusip>
                <identifiers>
                    <isin value="US05969A1051"/>
                </identifiers>
                <balance>9290</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>490883.6</valUSD>
                <pctVal>1.577465717341</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</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>2345</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>94245.55</valUSD>
                <pctVal>0.302860238429</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</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>2950</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>491558.5</valUSD>
                <pctVal>1.579634523984</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</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>5080</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>728726</valUSD>
                <pctVal>2.341777729659</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</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>1711</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>550548.47</valUSD>
                <pctVal>1.769200146755</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>COMMVAULT SYSTEMS INC</name>
                <lei>65T5VRP62VXG39YFML83</lei>
                <title>COMMON STOCK</title>
                <cusip>204166102</cusip>
                <identifiers>
                    <isin value="US2041661024"/>
                </identifiers>
                <balance>1255</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>197988.8</valUSD>
                <pctVal>0.636241553838</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</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>1252</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>195136.72</valUSD>
                <pctVal>0.627076329285</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>8535</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>541887.15</valUSD>
                <pctVal>1.741366796105</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>44260</balance>
                <units>NS</units>
                <currencyConditional curCd="CAD" exchangeRt=".694902887"/>
                <valUSD>227597.37</valUSD>
                <pctVal>0.731389373228</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>2050</balance>
                <units>NS</units>
                <currencyConditional curCd="CAD" exchangeRt=".694902887"/>
                <valUSD>339926.34</valUSD>
                <pctVal>1.092361096951</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>2850</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>525340.5</valUSD>
                <pctVal>1.688193756485</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="18433"/>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>XENON PHARMACEUTICALS INC</name>
                <lei>549300XV44Q9Z1MIPQ03</lei>
                <title>ORDINARY SHARES</title>
                <cusip>98420N105</cusip>
                <identifiers>
                    <isin value="CA98420N1050"/>
                </identifiers>
                <balance>2316</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>77701.8</valUSD>
                <pctVal>0.249696518025</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>6410</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>646320.3</valUSD>
                <pctVal>2.076965121001</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>6360</balance>
                <units>NS</units>
                <currencyConditional curCd="CAD" exchangeRt=".694902887"/>
                <valUSD>223542.48</valUSD>
                <pctVal>0.718358891129</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>2580</balance>
                <units>NS</units>
                <currencyConditional curCd="CAD" exchangeRt=".694902887"/>
                <valUSD>312224.73</valUSD>
                <pctVal>1.003341337297</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>4255</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>249470.65</valUSD>
                <pctVal>0.801679660632</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="216931"/>
                </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>833785</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>833785</valUSD>
                <pctVal>2.679387237897</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>STIV</assetCat>
                <issuerCat>PF</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <cashCollateralCondition cashCollateralVal="833785" 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>611121</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>611121</valUSD>
                <pctVal>1.963851362415</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>2025-05-29</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>
    <documents>XXXX</documents>
</edgarSubmission>
