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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BEACON FINANCIAL CORP</name>
        <lei>549300AS2OC6UMMBNO37</lei>
        <title>BEACON FINANCIAL CORP COM</title>
        <cusip>084680107</cusip>
        <identifiers>
          <isin value="US0846801076"/>
          <ticker value="BBT"/>
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        <balance>142088.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4133339.92000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PERELLA WEINBERG PARTNERS</name>
        <lei>N/A</lei>
        <title>PERELLA WEINBERG PARTNERS CLASS A COM</title>
        <cusip>71367G102</cusip>
        <identifiers>
          <isin value="US71367G1022"/>
          <ticker value="PWP"/>
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        <balance>435228.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7468512.48000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ONTO INNOVATION INC</name>
        <lei>254900RXZVN73CHOO062</lei>
        <title>ONTO INNOVATION INC COM</title>
        <cusip>683344105</cusip>
        <identifiers>
          <isin value="US6833441057"/>
          <ticker value="ONTO"/>
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        <balance>23690.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6117705.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>RYERSON HOLDING CORP</name>
        <lei>549300JMA41B3ZHOVE45</lei>
        <title>RYERSON HOLDING CORP COM</title>
        <cusip>783754104</cusip>
        <identifiers>
          <isin value="US7837541041"/>
          <ticker value="RYZ"/>
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        <balance>202548.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5792872.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MINERALYS THERAPEUTICS INC</name>
        <lei>N/A</lei>
        <title>MINERALYS THERAPEUTICS INC COM</title>
        <cusip>603170101</cusip>
        <identifiers>
          <isin value="US6031701013"/>
          <ticker value="MLYS"/>
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        <balance>38864.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1224216.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>LIBERTY ENERGY INC</name>
        <lei>N/A</lei>
        <title>LIBERTY ENERGY INC COM CL A</title>
        <cusip>53115L104</cusip>
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          <isin value="US53115L1044"/>
          <ticker value="LBRT"/>
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        <balance>280390.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>8204211.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>AXCELIS TECHNOLOGIES INC</name>
        <lei>529900HF9B6NL1QG9F05</lei>
        <title>AXCELIS TECHNOLOGIES INC COM NEW</title>
        <cusip>054540208</cusip>
        <identifiers>
          <isin value="US0545402085"/>
          <ticker value="ACLS"/>
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        <balance>58008.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>8724983.28000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SEADRILL LTD</name>
        <lei>213800EQ6L456U2JCO89</lei>
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        <cusip>000000000</cusip>
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          <isin value="BMG7997W1029"/>
          <ticker value="SDRL"/>
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        <balance>143386.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6763517.62000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NMI HOLDINGS INC</name>
        <lei>529900KNNGFXJX1C3Z08</lei>
        <title>NMI HOLDINGS INC COM</title>
        <cusip>629209305</cusip>
        <identifiers>
          <isin value="US6292093050"/>
          <ticker value="NMIH"/>
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        <balance>156720.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5626248.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>HERC HOLDINGS INC</name>
        <lei>549300TP80QLITMSBP82</lei>
        <title>HERC HOLDINGS INC COM</title>
        <cusip>42704L104</cusip>
        <identifiers>
          <isin value="US42704L1044"/>
          <ticker value="HRI"/>
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        <balance>34571.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4597943.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FOUR CORNERS PROPERTY TRUST INC</name>
        <lei>549300SVTPZPBDVNER42</lei>
        <title>FOUR CORNERS PROPERTY TRUST INC COM</title>
        <cusip>35086T109</cusip>
        <identifiers>
          <isin value="US35086T1097"/>
          <ticker value="FCPT"/>
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        <balance>240009.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5976224.10000000</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>SSR MINING INC</name>
        <lei>549300JD2KR7AB9DYJ38</lei>
        <title>SSR MINING INC COM</title>
        <cusip>784730103</cusip>
        <identifiers>
          <isin value="CA7847301032"/>
          <ticker value="SSRM"/>
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        <balance>193820.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6051060.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>UMB FINANCIAL CORP</name>
        <lei>549300MGEH3N3CUCV828</lei>
        <title>UMB FINANCIAL CORP COM</title>
        <cusip>902788108</cusip>
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          <isin value="US9027881088"/>
          <ticker value="UMBF"/>
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        <balance>105060.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>JACKSON FINANCIAL INC</name>
        <lei>213800WXW2KG1N4CO374</lei>
        <title>JACKSON FINANCIAL INC COM CL A</title>
        <cusip>46817M107</cusip>
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          <isin value="US46817M1071"/>
          <ticker value="JXN"/>
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        <balance>70276.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MERITAGE HOMES CORP</name>
        <lei>52990044W9UMFJO2FB97</lei>
        <title>MERITAGE HOMES CORP COM</title>
        <cusip>59001A102</cusip>
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          <isin value="US59001A1025"/>
          <ticker value="MTH"/>
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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>GRANITE CONSTRUCTION INC</name>
        <lei>549300OM4BWMCIXVCZ39</lei>
        <title>GRANITE CONSTRUCTION INC COM</title>
        <cusip>387328107</cusip>
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          <isin value="US3873281071"/>
          <ticker value="GVA"/>
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        <balance>52039.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ULTRA CLEAN HOLDINGS INC</name>
        <lei>5493007L6LS7QX18PE75</lei>
        <title>ULTRA CLEAN HOLDINGS INC COM</title>
        <cusip>90385V107</cusip>
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          <isin value="US90385V1070"/>
          <ticker value="UCTT"/>
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        <balance>58673.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CABOT CORP</name>
        <lei>K05C0SER542GQ6VLRO68</lei>
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          <ticker value="CBT"/>
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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>ATMUS FILTRATION TECHNOLOGIES INC</name>
        <lei>N/A</lei>
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        <cusip>04956D107</cusip>
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          <isin value="US04956D1072"/>
          <ticker value="ATMU"/>
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        <balance>71063.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>10X GENOMICS INC</name>
        <lei>5493003Z6741WNLG7H43</lei>
        <title>10X GENOMICS INC CL A COM</title>
        <cusip>88025U109</cusip>
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          <ticker value="TXG"/>
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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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        <name>FLOWCO HOLDINGS INC</name>
        <lei>529900837MXVPIR9FZ68</lei>
        <title>FLOWCO HOLDINGS INC COM CL A</title>
        <cusip>342909108</cusip>
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          <isin value="US3429091081"/>
          <ticker value="FLOC"/>
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        <curCd>USD</curCd>
        <valUSD>2666202.71000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>SPYRE THERAPEUTICS INC</name>
        <lei>52990017AIJPRH3HQH40</lei>
        <title>SPYRE THERAPEUTICS INC COM NEW</title>
        <cusip>00773J202</cusip>
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          <isin value="US00773J2024"/>
          <ticker value="SYRE"/>
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        <balance>34595.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2542732.50000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>MOOG INC</name>
        <lei>549300WM2I4U7OBAHG07</lei>
        <title>MOOG INC CL A</title>
        <cusip>615394202</cusip>
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          <isin value="US6153942023"/>
          <ticker value="MOG/A"/>
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        <balance>13176.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4742964.72000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>IMMUNOVANT INC</name>
        <lei>N/A</lei>
        <title>IMMUNOVANT INC COM</title>
        <cusip>45258J102</cusip>
        <identifiers>
          <isin value="US45258J1025"/>
          <ticker value="IMVT"/>
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        <balance>65948.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2196068.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>H.B. FULLER COMPANY</name>
        <lei>JSMX3Z5FOYM8V0Q52357</lei>
        <title>H.B. FULLER COMPANY COM</title>
        <cusip>359694106</cusip>
        <identifiers>
          <isin value="US3596941068"/>
          <ticker value="FUL"/>
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        <balance>111089.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7118583.12000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MAGNOLIA OIL &amp; GAS CORP</name>
        <lei>N/A</lei>
        <title>MAGNOLIA OIL &amp; GAS CORP CL A</title>
        <cusip>559663109</cusip>
        <identifiers>
          <isin value="US5596631094"/>
          <ticker value="MGY"/>
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        <balance>270155.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7391440.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PROTO LABS INC</name>
        <lei>529900QHG5MGWT2WQQ09</lei>
        <title>PROTO LABS INC COM</title>
        <cusip>743713109</cusip>
        <identifiers>
          <isin value="US7437131094"/>
          <ticker value="PRLB"/>
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        <balance>11660.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>883361.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CALLAWAY GOLF COMPANY</name>
        <lei>5493005UB0KFRKBPCU72</lei>
        <title>CALLAWAY GOLF COMPANY COM</title>
        <cusip>131193104</cusip>
        <identifiers>
          <isin value="US1311931042"/>
          <ticker value="CALY"/>
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        <balance>406478.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6259761.20000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BLACK HILLS CORP</name>
        <lei>3MGELCRSTNSAMJ962671</lei>
        <title>BLACK HILLS CORP COM</title>
        <cusip>092113109</cusip>
        <identifiers>
          <isin value="US0921131092"/>
          <ticker value="BKH"/>
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        <balance>97417.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7093905.94000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SPECTRUM BRANDS HOLDINGS INC</name>
        <lei>549300JM0MJETDD30O20</lei>
        <title>SPECTRUM BRANDS HOLDINGS INC COM</title>
        <cusip>84790A105</cusip>
        <identifiers>
          <isin value="US84790A1051"/>
          <ticker value="SPB"/>
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        <balance>34754.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2734792.26000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>V2X INC</name>
        <lei>N/A</lei>
        <title>V2X INC COM</title>
        <cusip>92242T101</cusip>
        <identifiers>
          <isin value="US92242T1016"/>
          <ticker value="VVX"/>
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        <balance>54233.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4508389.29000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CHORD ENERGY CORP</name>
        <lei>529900FA4V2YNIKZ0M71</lei>
        <title>CHORD ENERGY CORP COM NEW</title>
        <cusip>674215207</cusip>
        <identifiers>
          <isin value="US6742152076"/>
          <ticker value="CHRD"/>
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        <balance>64826.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8548604.62000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>RITHM CAPITAL CORP</name>
        <lei>549300WNTHGEO5LP2G31</lei>
        <title>RITHM CAPITAL CORP COM NEW</title>
        <cusip>64828T201</cusip>
        <identifiers>
          <isin value="US64828T2015"/>
          <ticker value="RITM"/>
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        <balance>394871.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3680197.72000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>JANUS LIVING INC</name>
        <lei>2549003JCIOFKGHO7313</lei>
        <title>JANUS LIVING INC CL A-1</title>
        <cusip>471024109</cusip>
        <identifiers>
          <isin value="US4710241096"/>
          <ticker value="JAN"/>
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        <balance>241238.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6457941.26000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>GOLDMAN SACHS TRUST</name>
        <lei>S2FHCT8U6D2VORP0J605</lei>
        <title>GOLDMAN SACHS TRUST CENT GOVT FD SHS</title>
        <cusip>38151N502</cusip>
        <identifiers>
          <isin value="US38151N5023"/>
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        <balance>9472429.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>9472429.00000000</valUSD>
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        <assetCat>STIV</assetCat>
        <issuerCat>RF</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>LUMEXA IMAGING HOLDINGS INC</name>
        <lei>N/A</lei>
        <title>LUMEXA IMAGING HOLDINGS INC COM</title>
        <cusip>550249106</cusip>
        <identifiers>
          <isin value="US5502491062"/>
          <ticker value="LMRI"/>
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        <balance>230544.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1793632.32000000</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>ENOVA INTERNATIONAL INC</name>
        <lei>549300O8XOCQSB49UO63</lei>
        <title>ENOVA INTERNATIONAL INC COM</title>
        <cusip>29357K103</cusip>
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          <isin value="US29357K1034"/>
          <ticker value="ENVA"/>
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        <balance>25293.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4085072.43000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>INVENTRUST PROPERTIES CORP</name>
        <lei>5493006BQYSOBYVUFA03</lei>
        <title>INVENTRUST PROPERTIES CORP COM NEW</title>
        <cusip>46124J201</cusip>
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          <isin value="US46124J2015"/>
          <ticker value="IVT"/>
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        <balance>273972.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>9076692.36000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ROGERS CORP</name>
        <lei>PW0CN80KNFR7RUOOKJ84</lei>
        <title>ROGERS CORP COM</title>
        <cusip>775133101</cusip>
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          <isin value="US7751331015"/>
          <ticker value="ROG"/>
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        <balance>38456.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5442293.12000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SKYWEST INC</name>
        <lei>529900UYS2KGS6Z42P09</lei>
        <title>SKYWEST INC COM</title>
        <cusip>830879102</cusip>
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          <isin value="US8308791024"/>
          <ticker value="SKYW"/>
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        <balance>52583.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ECOVYST INC</name>
        <lei>N/A</lei>
        <title>ECOVYST INC COM</title>
        <cusip>27923Q109</cusip>
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          <isin value="US27923Q1094"/>
          <ticker value="ECVT"/>
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        <balance>256849.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LIVANOVA PLC</name>
        <lei>2138001K2FX6SHK2B339</lei>
        <title>LIVANOVA PLC SHS</title>
        <cusip>000000000</cusip>
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          <isin value="GB00BYMT0J19"/>
          <ticker value="LIVN"/>
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        <balance>93808.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6923030.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>KODIAK GAS SERVICES INC</name>
        <lei>N/A</lei>
        <title>KODIAK GAS SERVICES INC COM</title>
        <cusip>50012A108</cusip>
        <identifiers>
          <isin value="US50012A1088"/>
          <ticker value="KGS"/>
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        <balance>59863.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4001841.55000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HELIOS TECHNOLOGIES INC</name>
        <lei>5493000BCJSMIDRNTI78</lei>
        <title>HELIOS TECHNOLOGIES INC COM</title>
        <cusip>42328H109</cusip>
        <identifiers>
          <isin value="US42328H1095"/>
          <ticker value="HLIO"/>
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        <balance>70226.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5835078.34000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ACADIA HEALTHCARE COMPANY INC</name>
        <lei>5493005CW985Y9D0NC11</lei>
        <title>ACADIA HEALTHCARE COMPANY INC COM</title>
        <cusip>00404A109</cusip>
        <identifiers>
          <isin value="US00404A1097"/>
          <ticker value="ACHC"/>
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        <balance>138586.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3215195.20000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CYTOKINETICS INC</name>
        <lei>549300BE5DY1HW7IHA64</lei>
        <title>CYTOKINETICS INC COM NEW</title>
        <cusip>23282W605</cusip>
        <identifiers>
          <isin value="US23282W6057"/>
          <ticker value="CYTK"/>
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        <balance>95653.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7342324.28000000</valUSD>
        <pctVal>0.780560060466</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>ELEMENT SOLUTIONS INC</name>
        <lei>549300FLGN6P5CU20J91</lei>
        <title>ELEMENT SOLUTIONS INC COM</title>
        <cusip>28618M106</cusip>
        <identifiers>
          <isin value="US28618M1062"/>
          <ticker value="ESI"/>
        </identifiers>
        <balance>172393.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7314634.99000000</valUSD>
        <pctVal>0.777616421225</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NEWMARKET CORP</name>
        <lei>54930082CG88ERDREQ47</lei>
        <title>NEWMARKET CORP COM</title>
        <cusip>651587107</cusip>
        <identifiers>
          <isin value="US6515871076"/>
          <ticker value="NEU"/>
        </identifiers>
        <balance>9410.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7279387.80000000</valUSD>
        <pctVal>0.773869304139</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COHU INC</name>
        <lei>529900FJPORJ3JJ2XS33</lei>
        <title>COHU INC COM</title>
        <cusip>192576106</cusip>
        <identifiers>
          <isin value="US1925761066"/>
          <ticker value="COHU"/>
        </identifiers>
        <balance>130889.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6904394.75000000</valUSD>
        <pctVal>0.734003917291</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BLACKSTONE MORTGAGE TRUST INC</name>
        <lei>549300OLDJ20R2Y2UW20</lei>
        <title>BLACKSTONE MORTGAGE TRUST INC COM CL A</title>
        <cusip>09257W100</cusip>
        <identifiers>
          <isin value="US09257W1009"/>
          <ticker value="BXMT"/>
        </identifiers>
        <balance>305446.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5583552.88000000</valUSD>
        <pctVal>0.593585655907</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GREIF INC</name>
        <lei>54930070FVGKR0Z1FI24</lei>
        <title>GREIF INC CL A</title>
        <cusip>397624107</cusip>
        <identifiers>
          <isin value="US3976241071"/>
          <ticker value="GEF"/>
        </identifiers>
        <balance>39185.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2481586.05000000</valUSD>
        <pctVal>0.263816590411</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>APOGEE THERAPEUTICS INC</name>
        <lei>N/A</lei>
        <title>APOGEE THERAPEUTICS INC COM</title>
        <cusip>03770N101</cusip>
        <identifiers>
          <isin value="US03770N1019"/>
          <ticker value="APGE"/>
        </identifiers>
        <balance>18912.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1553431.68000000</valUSD>
        <pctVal>0.165144806989</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NOBLE CORP PLC</name>
        <lei>549300I3HBUNXO0OG954</lei>
        <title>NOBLE CORP PLC ORD SHS A</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00BMXNWH07"/>
          <ticker value="NE"/>
        </identifiers>
        <balance>110369.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5129951.12000000</valUSD>
        <pctVal>0.545363403156</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>STANDEX INTERNATIONAL CORP</name>
        <lei>RCX52GR0JW2LRRMH9Z54</lei>
        <title>STANDEX INTERNATIONAL CORP COM</title>
        <cusip>854231107</cusip>
        <identifiers>
          <isin value="US8542311076"/>
          <ticker value="SXI"/>
        </identifiers>
        <balance>34085.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>9441885.85000000</valUSD>
        <pctVal>1.003763755037</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FIRST MERCHANTS CORP</name>
        <lei>TZTBT0OTGQ2FEK6XMX94</lei>
        <title>FIRST MERCHANTS CORP COM</title>
        <cusip>320817109</cusip>
        <identifiers>
          <isin value="US3208171096"/>
          <ticker value="FRME"/>
        </identifiers>
        <balance>221370.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8921211.00000000</valUSD>
        <pctVal>0.948410984320</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SEMTECH CORP</name>
        <lei>549300J7WUY317SW6O61</lei>
        <title>SEMTECH CORP COM</title>
        <cusip>816850101</cusip>
        <identifiers>
          <isin value="US8168501018"/>
          <ticker value="SMTC"/>
        </identifiers>
        <balance>18073.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2756855.42000000</valUSD>
        <pctVal>0.293080385892</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SEACOAST BANKING CORP OF FLORIDA</name>
        <lei>549300V6IC06XYQYPG88</lei>
        <title>SEACOAST BANKING CORP OF FLORIDA COM NEW</title>
        <cusip>811707801</cusip>
        <identifiers>
          <isin value="US8117078019"/>
          <ticker value="SBCF"/>
        </identifiers>
        <balance>277800.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8420118.00000000</valUSD>
        <pctVal>0.895139953586</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PENNYMAC FINANCIAL SERVICES INC</name>
        <lei>549300W1D516HBDEU871</lei>
        <title>PENNYMAC FINANCIAL SERVICES INC COM</title>
        <cusip>70932M107</cusip>
        <identifiers>
          <isin value="US70932M1071"/>
          <ticker value="PFSI"/>
        </identifiers>
        <balance>58223.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4883163.01000000</valUSD>
        <pctVal>0.519127440984</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KONTOOR BRANDS INC</name>
        <lei>549300M0CPXV65RFF271</lei>
        <title>KONTOOR BRANDS INC COM</title>
        <cusip>50050N103</cusip>
        <identifiers>
          <isin value="US50050N1037"/>
          <ticker value="KTB"/>
        </identifiers>
        <balance>57198.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4105100.46000000</valUSD>
        <pctVal>0.436411869196</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RENASANT CORP</name>
        <lei>549300OVE6OZHW2UUH81</lei>
        <title>RENASANT CORP COM</title>
        <cusip>75970E107</cusip>
        <identifiers>
          <isin value="US75970E1073"/>
          <ticker value="RNST"/>
        </identifiers>
        <balance>300078.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>12219176.16000000</valUSD>
        <pctVal>1.299016567313</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HCI GROUP INC</name>
        <lei>549300CZF7EZJH0MPH74</lei>
        <title>HCI GROUP INC COM</title>
        <cusip>40416E103</cusip>
        <identifiers>
          <isin value="US40416E1038"/>
          <ticker value="HCI"/>
        </identifiers>
        <balance>24212.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3730342.84000000</valUSD>
        <pctVal>0.396571510833</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>COMMERCIAL METALS COMPANY</name>
        <lei>549300OQS2LO07ZJ7N73</lei>
        <title>COMMERCIAL METALS COMPANY COM</title>
        <cusip>201723103</cusip>
        <identifiers>
          <isin value="US2017231034"/>
          <ticker value="CMC"/>
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        <balance>170683.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>12980442.15000000</valUSD>
        <pctVal>1.379946502375</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>DIGI INTERNATIONAL INC</name>
        <lei>529900KG656HGROI4N27</lei>
        <title>DIGI INTERNATIONAL INC COM</title>
        <cusip>253798102</cusip>
        <identifiers>
          <isin value="US2537981027"/>
          <ticker value="DGII"/>
        </identifiers>
        <balance>62280.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4160304.00000000</valUSD>
        <pctVal>0.442280539235</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>BRINKER INTERNATIONAL INC</name>
        <lei>52990067JY6PBGJNTG76</lei>
        <title>BRINKER INTERNATIONAL INC COM</title>
        <cusip>109641100</cusip>
        <identifiers>
          <isin value="US1096411004"/>
          <ticker value="EAT"/>
        </identifiers>
        <balance>27488.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3913741.44000000</valUSD>
        <pctVal>0.416068555209</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>BANC OF CALIFORNIA INC</name>
        <lei>549300ZKWUJDP6LJ1X87</lei>
        <title>BANC OF CALIFORNIA INC COM</title>
        <cusip>05990K106</cusip>
        <identifiers>
          <isin value="US05990K1060"/>
          <ticker value="BANC"/>
        </identifiers>
        <balance>472744.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>9086139.68000000</valUSD>
        <pctVal>0.965944497623</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>GATES INDUSTRIAL CORP PLC</name>
        <lei>549300S6K4FWUSB9KM27</lei>
        <title>GATES INDUSTRIAL CORP PLC ORD SHS</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00BD9G2S12"/>
          <ticker value="GTES"/>
        </identifiers>
        <balance>290191.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7521750.72000000</valUSD>
        <pctVal>0.799634825829</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>
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      </invstOrSec>
      <invstOrSec>
        <name>NICOLET BANKSHARES INC</name>
        <lei>N/A</lei>
        <title>NICOLET BANKSHARES INC COM</title>
        <cusip>65406E102</cusip>
        <identifiers>
          <isin value="US65406E1029"/>
          <ticker value="NIC"/>
        </identifiers>
        <balance>50555.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7091349.85000000</valUSD>
        <pctVal>0.753879052003</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>GLACIER BANCORP INC</name>
        <lei>549300SMJAUKZB5D7V74</lei>
        <title>GLACIER BANCORP INC COM</title>
        <cusip>37637Q105</cusip>
        <identifiers>
          <isin value="US37637Q1058"/>
          <ticker value="GBCI"/>
        </identifiers>
        <balance>253641.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>12060629.55000000</valUSD>
        <pctVal>1.282161529757</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DHT HOLDINGS INC</name>
        <lei>549300SMD6IVZYT74K40</lei>
        <title>DHT HOLDINGS INC SHS NEW</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="MHY2065G1219"/>
          <ticker value="DHT"/>
        </identifiers>
        <balance>257836.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4207883.52000000</valUSD>
        <pctVal>0.447338702235</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MAREX GROUP PLC</name>
        <lei>549300DWX0SVICJAL507</lei>
        <title>MAREX GROUP PLC ORD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00BMT7GT62"/>
          <ticker value="MRX"/>
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        <balance>88308.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4675025.52000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>ACADEMY SPORTS AND OUTDOORS INC</name>
        <lei>529900HST589BD301M91</lei>
        <title>ACADEMY SPORTS AND OUTDOORS INC COM</title>
        <cusip>00402L107</cusip>
        <identifiers>
          <isin value="US00402L1070"/>
          <ticker value="ASO"/>
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        <balance>70921.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>ORIGIN BANCORP INC</name>
        <lei>54930055DO2Z4KO3NB45</lei>
        <title>ORIGIN BANCORP INC COM</title>
        <cusip>68621T102</cusip>
        <identifiers>
          <isin value="US68621T1025"/>
          <ticker value="OBK"/>
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        <balance>204377.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>SPX TECHNOLOGIES INC</name>
        <lei>N/A</lei>
        <title>SPX TECHNOLOGIES INC COM</title>
        <cusip>78473E103</cusip>
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          <isin value="US78473E1038"/>
          <ticker value="SPXC"/>
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        <balance>15173.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>PRAXIS PRECISION MEDICINES INC</name>
        <lei>N/A</lei>
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        <cusip>74006W207</cusip>
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          <isin value="US74006W2070"/>
          <ticker value="PRAX"/>
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        <balance>10941.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LA-Z-BOY INC</name>
        <lei>549300WNO1WMN9ZG2519</lei>
        <title>LA-Z-BOY INC COM</title>
        <cusip>505336107</cusip>
        <identifiers>
          <isin value="US5053361078"/>
          <ticker value="LZB"/>
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        <balance>89781.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>YESWAY INC</name>
        <lei>N/A</lei>
        <title>YESWAY INC COM CL A</title>
        <cusip>98585C100</cusip>
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          <isin value="US98585C1009"/>
          <ticker value="YSWY"/>
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        <balance>160521.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CHURCHILL DOWNS INC</name>
        <lei>529900FODTBQC8MIS994</lei>
        <title>CHURCHILL DOWNS INC COM</title>
        <cusip>171484108</cusip>
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          <isin value="US1714841087"/>
          <ticker value="CHDN"/>
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        <balance>45850.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CONSTELLIUM SE</name>
        <lei>724500KRJEMC79KAAU28</lei>
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        <cusip>000000000</cusip>
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          <isin value="FR0013467479"/>
          <ticker value="CSTM"/>
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        <balance>177248.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>FR</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TAYLOR MORRISON HOME CORP</name>
        <lei>5299009UDLLGLKOOJE30</lei>
        <title>TAYLOR MORRISON HOME CORP COM</title>
        <cusip>87724P106</cusip>
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          <isin value="US87724P1066"/>
          <ticker value="TMHC"/>
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        <balance>160062.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>REVOLUTION MEDICINES INC</name>
        <lei>549300JU3X0LBCQ65892</lei>
        <title>REVOLUTION MEDICINES INC COM</title>
        <cusip>76155X100</cusip>
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          <isin value="US76155X1000"/>
          <ticker value="RVMD"/>
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        <balance>21930.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LINCOLN INTERNATIONAL INC</name>
        <lei>N/A</lei>
        <title>LINCOLN INTERNATIONAL INC CL A</title>
        <cusip>533714101</cusip>
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          <isin value="US5337141015"/>
          <ticker value="LCLN"/>
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        <balance>187976.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>VALLEY NATIONAL BANCORP</name>
        <lei>549300ET52S1UBIB9762</lei>
        <title>VALLEY NATIONAL BANCORP COM</title>
        <cusip>919794107</cusip>
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          <isin value="US9197941076"/>
          <ticker value="VLY"/>
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        <balance>822910.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SPIRE INC (US)</name>
        <lei>549300NXSY15DRY2R511</lei>
        <title>SPIRE INC (US) COM</title>
        <cusip>84857L101</cusip>
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          <isin value="US84857L1017"/>
          <ticker value="SR"/>
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        <balance>103727.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FORMFACTOR INC</name>
        <lei>549300YCEEO6SZD1ZR61</lei>
        <title>FORMFACTOR INC COM</title>
        <cusip>346375108</cusip>
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          <isin value="US3463751087"/>
          <ticker value="FORM"/>
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        <balance>32054.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SMARTSTOP SELF STORAGE REIT INC</name>
        <lei>549300EC266625K12S42</lei>
        <title>SMARTSTOP SELF STORAGE REIT INC COMMON STOCK</title>
        <cusip>83192D402</cusip>
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          <isin value="US83192D4025"/>
          <ticker value="SMA"/>
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        <balance>109916.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>RYMAN HOSPITALITY PROPERTIES INC</name>
        <lei>529900GCCWW9SRMPJR11</lei>
        <title>RYMAN HOSPITALITY PROPERTIES INC COM</title>
        <cusip>78377T107</cusip>
        <identifiers>
          <isin value="US78377T1079"/>
          <ticker value="RHP"/>
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        <balance>45711.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ONE GAS INC</name>
        <lei>549300HXDWI0LATTX840</lei>
        <title>ONE GAS INC COM</title>
        <cusip>68235P108</cusip>
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          <isin value="US68235P1084"/>
          <ticker value="OGS"/>
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        <balance>89430.00000000</balance>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>FRESH DEL MONTE PRODUCE INC</name>
        <lei>529900I72V9F0FEZR228</lei>
        <title>FRESH DEL MONTE PRODUCE INC ORD</title>
        <cusip>000000000</cusip>
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          <ticker value="FDP"/>
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        <balance>77423.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ARCOSA INC</name>
        <lei>549300WFHLTCZV7D6V29</lei>
        <title>ARCOSA INC COM</title>
        <cusip>039653100</cusip>
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          <isin value="US0396531008"/>
          <ticker value="ACA"/>
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        <balance>75350.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>9550612.50000000</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>TTM TECHNOLOGIES INC</name>
        <lei>549300SC4BDOIS008048</lei>
        <title>TTM TECHNOLOGIES INC COM</title>
        <cusip>87305R109</cusip>
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          <isin value="US87305R1095"/>
          <ticker value="TTMI"/>
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        <balance>53696.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>9328069.12000000</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>MIRION TECHNOLOGIES INC</name>
        <lei>549300BNTOWVWFNVTJ65</lei>
        <title>MIRION TECHNOLOGIES INC COM CL A</title>
        <cusip>60471A101</cusip>
        <identifiers>
          <isin value="US60471A1016"/>
          <ticker value="MIR"/>
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        <balance>200761.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3669911.08000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>INGEVITY CORP</name>
        <lei>5493009UTFC4B5IMGF87</lei>
        <title>INGEVITY CORP COM</title>
        <cusip>45688C107</cusip>
        <identifiers>
          <isin value="US45688C1071"/>
          <ticker value="NGVT"/>
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        <balance>128834.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>8737521.88000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CENTURI HOLDINGS INC</name>
        <lei>N/A</lei>
        <title>CENTURI HOLDINGS INC COM SHS</title>
        <cusip>155923105</cusip>
        <identifiers>
          <isin value="US1559231055"/>
          <ticker value="CTRI"/>
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        <balance>77905.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2394799.70000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GRIFFON CORP</name>
        <lei>5493000C2SGNC7ZN3242</lei>
        <title>GRIFFON CORP COM</title>
        <cusip>398433102</cusip>
        <identifiers>
          <isin value="US3984331021"/>
          <ticker value="GFF"/>
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        <balance>58064.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5108470.72000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NEXTPOWER INC</name>
        <lei>N/A</lei>
        <title>NEXTPOWER INC CLASS A COM</title>
        <cusip>65290E101</cusip>
        <identifiers>
          <isin value="US65290E1010"/>
          <ticker value="NXT"/>
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        <balance>32163.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5030293.20000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>IDACORP INC</name>
        <lei>N134NUJDWN8UEFA8B673</lei>
        <title>IDACORP INC COM</title>
        <cusip>451107106</cusip>
        <identifiers>
          <isin value="US4511071064"/>
          <ticker value="IDA"/>
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        <balance>63319.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8881756.13000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>AMENTUM HOLDINGS INC</name>
        <lei>2549009FJIBLW40CU216</lei>
        <title>AMENTUM HOLDINGS INC COM</title>
        <cusip>023939101</cusip>
        <identifiers>
          <isin value="US0239391016"/>
          <ticker value="AMTM"/>
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        <balance>179838.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4177636.74000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ALAMO GROUP INC</name>
        <lei>54930080C93RVZRSDV26</lei>
        <title>ALAMO GROUP INC COM</title>
        <cusip>011311107</cusip>
        <identifiers>
          <isin value="US0113111076"/>
          <ticker value="ALG"/>
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        <balance>20058.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3022941.18000000</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>MDU RESOURCES GROUP INC</name>
        <lei>549300MA0UV6AI6SNV27</lei>
        <title>MDU RESOURCES GROUP INC COM</title>
        <cusip>552690109</cusip>
        <identifiers>
          <isin value="US5526901096"/>
          <ticker value="MDU"/>
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        <balance>200775.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4232337.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>WORTHINGTON STEEL INC</name>
        <lei>2549009ZUUWL3QLK6G24</lei>
        <title>WORTHINGTON STEEL INC COM SHS</title>
        <cusip>982104101</cusip>
        <identifiers>
          <isin value="US9821041012"/>
          <ticker value="WS"/>
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        <balance>91411.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3856630.09000000</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>
      <invstOrSec>
        <name>ADVANCE AUTO PARTS INC</name>
        <lei>529900UCNQ5H9FSL0Y70</lei>
        <title>ADVANCE AUTO PARTS INC COM</title>
        <cusip>00751Y106</cusip>
        <identifiers>
          <isin value="US00751Y1064"/>
          <ticker value="AAP"/>
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        <balance>59174.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3564641.76000000</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>MERCURY SYSTEMS INC</name>
        <lei>549300P3B84SGK7HH679</lei>
        <title>MERCURY SYSTEMS INC COM</title>
        <cusip>589378108</cusip>
        <identifiers>
          <isin value="US5893781089"/>
          <ticker value="MRCY"/>
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        <balance>108779.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>12150614.30000000</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>
      <invstOrSec>
        <name>DUCOMMUN INC</name>
        <lei>549300Z71HMWF90S2214</lei>
        <title>DUCOMMUN INC COM</title>
        <cusip>264147109</cusip>
        <identifiers>
          <isin value="US2641471097"/>
          <ticker value="DCO"/>
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        <balance>34063.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5185069.86000000</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>COPT DEFENSE PROPERTIES</name>
        <lei>YY1J47X6LF9TYY8JY420</lei>
        <title>COPT DEFENSE PROPERTIES SHS BEN INT</title>
        <cusip>22002T108</cusip>
        <identifiers>
          <isin value="US22002T1088"/>
          <ticker value="CDP"/>
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        <balance>405189.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>12990359.34000000</valUSD>
        <pctVal>1.381000795556</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>PROTAGONIST THERAPEUTICS INC</name>
        <lei>N/A</lei>
        <title>PROTAGONIST THERAPEUTICS INC COM</title>
        <cusip>74366E102</cusip>
        <identifiers>
          <isin value="US74366E1029"/>
          <ticker value="PTGX"/>
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        <balance>19892.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1980447.52000000</valUSD>
        <pctVal>0.210540719397</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>CALIFORNIA RESOURCES CORP</name>
        <lei>5493003Q8F0T4F4YMR48</lei>
        <title>CALIFORNIA RESOURCES CORP COM STOCK</title>
        <cusip>13057Q305</cusip>
        <identifiers>
          <isin value="US13057Q3056"/>
          <ticker value="CRC"/>
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        <balance>151910.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>9006743.90000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>TEREX CORP</name>
        <lei>YAWJZJYEQ7M1SYMOS462</lei>
        <title>TEREX CORP COM</title>
        <cusip>880779103</cusip>
        <identifiers>
          <isin value="US8807791038"/>
          <ticker value="TEX"/>
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        <balance>245993.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>14311872.74000000</valUSD>
        <pctVal>1.521490447072</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>POLARIS INC</name>
        <lei>549300QJSN8UVWN1EI78</lei>
        <title>POLARIS INC COM</title>
        <cusip>731068102</cusip>
        <identifiers>
          <isin value="US7310681025"/>
          <ticker value="PII"/>
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        <balance>47645.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3362307.65000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SKYWARD SPECIALTY INSURANCE GROUP INC</name>
        <lei>549300GXGXJG0YH4VN21</lei>
        <title>SKYWARD SPECIALTY INSURANCE GROUP INC COM</title>
        <cusip>830940102</cusip>
        <identifiers>
          <isin value="US8309401029"/>
          <ticker value="SKWD"/>
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        <balance>113126.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4991119.12000000</valUSD>
        <pctVal>0.530604219254</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>VISTEON CORP</name>
        <lei>549300MOVLYHRW4GGW78</lei>
        <title>VISTEON CORP COM NEW</title>
        <cusip>92839U206</cusip>
        <identifiers>
          <isin value="US92839U2069"/>
          <ticker value="VC"/>
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        <balance>58626.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6934869.54000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>GARRETT MOTION INC</name>
        <lei>549300LS5WT7EMBNV724</lei>
        <title>GARRETT MOTION INC COM</title>
        <cusip>366505105</cusip>
        <identifiers>
          <isin value="US3665051054"/>
          <ticker value="GTX"/>
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        <balance>223102.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7308821.52000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>EXZEO GROUP INC</name>
        <lei>N/A</lei>
        <title>EXZEO GROUP INC COM SHS</title>
        <cusip>30234F101</cusip>
        <identifiers>
          <isin value="US30234F1012"/>
          <ticker value="XZO"/>
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        <balance>220928.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3059852.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BRIGHTVIEW HOLDINGS INC</name>
        <lei>549300F8QN8YHVI7L866</lei>
        <title>BRIGHTVIEW HOLDINGS INC COM</title>
        <cusip>10948C107</cusip>
        <identifiers>
          <isin value="US10948C1071"/>
          <ticker value="BV"/>
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        <balance>118978.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1470568.08000000</valUSD>
        <pctVal>0.156335605139</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KNIGHT-SWIFT TRANSPORTATION HOLDINGS INC</name>
        <lei>N/A</lei>
        <title>KNIGHT-SWIFT TRANSPORTATION HOLDINGS INC CL A</title>
        <cusip>499049104</cusip>
        <identifiers>
          <isin value="US4990491049"/>
          <ticker value="KNX"/>
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        <balance>60669.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4588396.47000000</valUSD>
        <pctVal>0.487790907822</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>COMMUNITY FINANCIAL SYSTEM INC</name>
        <lei>5299008N6YHE6GCP1E80</lei>
        <title>COMMUNITY FINANCIAL SYSTEM INC COM</title>
        <cusip>203607106</cusip>
        <identifiers>
          <isin value="US2036071064"/>
          <ticker value="CBU"/>
        </identifiers>
        <balance>119652.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7614653.28000000</valUSD>
        <pctVal>0.809511266188</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LIFE TIME GROUP HOLDINGS INC</name>
        <lei>N/A</lei>
        <title>LIFE TIME GROUP HOLDINGS INC COMMON STOCK</title>
        <cusip>53190C102</cusip>
        <identifiers>
          <isin value="US53190C1027"/>
          <ticker value="LTH"/>
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        <balance>76956.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2545704.48000000</valUSD>
        <pctVal>0.270632999451</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TERRENO REALTY CORP</name>
        <lei>N/A</lei>
        <title>TERRENO REALTY CORP COM</title>
        <cusip>88146M101</cusip>
        <identifiers>
          <isin value="US88146M1018"/>
          <ticker value="TRNO"/>
        </identifiers>
        <balance>175071.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>11500413.99000000</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PHINIA INC</name>
        <lei>254900HG6MORZE1FFM18</lei>
        <title>PHINIA INC COMMON STOCK</title>
        <cusip>71880K101</cusip>
        <identifiers>
          <isin value="US71880K1016"/>
          <ticker value="PHIN"/>
        </identifiers>
        <balance>116168.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8975139.68000000</valUSD>
        <pctVal>0.954144124416</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FORESTAR GROUP INC</name>
        <lei>549300BC2UB0GHV60V70</lei>
        <title>FORESTAR GROUP INC COM</title>
        <cusip>346232101</cusip>
        <identifiers>
          <isin value="US3462321015"/>
          <ticker value="FOR"/>
        </identifiers>
        <balance>202117.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5552153.99000000</valUSD>
        <pctVal>0.590247650319</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>XENON PHARMACEUTICALS INC</name>
        <lei>549300XV44Q9Z1MIPQ03</lei>
        <title>XENON PHARMACEUTICALS INC COM</title>
        <cusip>98420N105</cusip>
        <identifiers>
          <isin value="CA98420N1050"/>
          <ticker value="XENE"/>
        </identifiers>
        <balance>41031.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2245626.63000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>COLUMBIA BANKING SYSTEM INC</name>
        <lei>254900CTRJTQZ3BJ2V17</lei>
        <title>COLUMBIA BANKING SYSTEM INC COM</title>
        <cusip>197236102</cusip>
        <identifiers>
          <isin value="US1972361026"/>
          <ticker value="COLB"/>
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        <balance>221876.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6576404.64000000</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>URBAN EDGE PROPERTIES</name>
        <lei>N/A</lei>
        <title>URBAN EDGE PROPERTIES COM</title>
        <cusip>91704F104</cusip>
        <identifiers>
          <isin value="US91704F1049"/>
          <ticker value="UE"/>
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        <balance>200876.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4507657.44000000</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>BEL FUSE INC</name>
        <lei>2549009L4XYDBRRY6X39</lei>
        <title>BEL FUSE INC CL B</title>
        <cusip>077347300</cusip>
        <identifiers>
          <isin value="US0773473006"/>
          <ticker value="BELFB"/>
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        <balance>15839.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4348122.28000000</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>OCEANEERING INTERNATIONAL INC</name>
        <lei>549300L6PH74701W0R30</lei>
        <title>OCEANEERING INTERNATIONAL INC COM</title>
        <cusip>675232102</cusip>
        <identifiers>
          <isin value="US6752321025"/>
          <ticker value="OII"/>
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        <balance>127227.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4863888.21000000</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>ALLEGRO MICROSYSTEMS INC</name>
        <lei>N/A</lei>
        <title>ALLEGRO MICROSYSTEMS INC COM</title>
        <cusip>01749D105</cusip>
        <identifiers>
          <isin value="US01749D1054"/>
          <ticker value="ALGM"/>
        </identifiers>
        <balance>154520.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7396872.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CG ONCOLOGY INC</name>
        <lei>N/A</lei>
        <title>CG ONCOLOGY INC COM</title>
        <cusip>156944100</cusip>
        <identifiers>
          <isin value="US1569441009"/>
          <ticker value="CGON"/>
        </identifiers>
        <balance>27423.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1708178.67000000</valUSD>
        <pctVal>0.181595908202</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>SYNAPTICS INC</name>
        <lei>549300AJ3LI4FWNRQX29</lei>
        <title>SYNAPTICS INC COM</title>
        <cusip>87157D109</cusip>
        <identifiers>
          <isin value="US87157D1090"/>
          <ticker value="SYNA"/>
        </identifiers>
        <balance>51385.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7054132.80000000</valUSD>
        <pctVal>0.749922519754</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>EDGEWELL PERSONAL CARE COMPANY</name>
        <lei>549300CY8QZDL4Z3RU59</lei>
        <title>EDGEWELL PERSONAL CARE COMPANY COM</title>
        <cusip>28035Q102</cusip>
        <identifiers>
          <isin value="US28035Q1022"/>
          <ticker value="EPC"/>
        </identifiers>
        <balance>172018.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3013755.36000000</valUSD>
        <pctVal>0.320391333360</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>ARCBEST CORP</name>
        <lei>5493006S3KBNE8ZS3J23</lei>
        <title>ARCBEST CORP COM</title>
        <cusip>03937C105</cusip>
        <identifiers>
          <isin value="US03937C1053"/>
          <ticker value="ARCB"/>
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        <balance>47355.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6472954.95000000</valUSD>
        <pctVal>0.688137695162</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>ESCO TECHNOLOGIES INC</name>
        <lei>5493007JJLP5MEWVDH10</lei>
        <title>ESCO TECHNOLOGIES INC COM</title>
        <cusip>296315104</cusip>
        <identifiers>
          <isin value="US2963151046"/>
          <ticker value="ESE"/>
        </identifiers>
        <balance>13755.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4015084.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SUPERNUS PHARMACEUTICALS INC</name>
        <lei>549300GRM36VBKISYJ58</lei>
        <title>SUPERNUS PHARMACEUTICALS INC COM</title>
        <cusip>868459108</cusip>
        <identifiers>
          <isin value="US8684591089"/>
          <ticker value="SUPN"/>
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        <balance>47300.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2184314.00000000</valUSD>
        <pctVal>0.232213697311</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>ATLANTIC UNION BANKSHARES CORP</name>
        <lei>N/A</lei>
        <title>ATLANTIC UNION BANKSHARES CORP COM</title>
        <cusip>04911A107</cusip>
        <identifiers>
          <isin value="US04911A1079"/>
          <ticker value="AUB"/>
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        <balance>267869.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>10077231.78000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>LITTELFUSE INC</name>
        <lei>549300MY7HLQFYTPCX75</lei>
        <title>LITTELFUSE INC COM</title>
        <cusip>537008104</cusip>
        <identifiers>
          <isin value="US5370081045"/>
          <ticker value="LFUS"/>
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        <balance>19910.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>9295381.70000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CHESAPEAKE UTILITIES CORP</name>
        <lei>254900WW0FDCKAOCKE74</lei>
        <title>CHESAPEAKE UTILITIES CORP COM</title>
        <cusip>165303108</cusip>
        <identifiers>
          <isin value="US1653031088"/>
          <ticker value="CPK"/>
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        <balance>45462.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5606373.84000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ALKERMES PLC</name>
        <lei>N/A</lei>
        <title>ALKERMES PLC SHS</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IE00B56GVS15"/>
          <ticker value="ALKS"/>
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        <balance>88010.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3713141.90000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>LIGAND PHARMACEUTICALS INC</name>
        <lei>5493008K7TB0IKP37H79</lei>
        <title>LIGAND PHARMACEUTICALS INC COM NEW</title>
        <cusip>53220K504</cusip>
        <identifiers>
          <isin value="US53220K5048"/>
          <ticker value="LGND"/>
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        <balance>19562.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4537601.52000000</valUSD>
        <pctVal>0.482390913524</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>KNOWLES CORP</name>
        <lei>5493003EO323TDZQU148</lei>
        <title>KNOWLES CORP COM</title>
        <cusip>49926D109</cusip>
        <identifiers>
          <isin value="US49926D1090"/>
          <ticker value="KN"/>
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        <balance>176845.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6615771.45000000</valUSD>
        <pctVal>0.703320469938</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>PATRICK INDUSTRIES INC</name>
        <lei>549300FZ5ZTCCJ3Z5W14</lei>
        <title>PATRICK INDUSTRIES INC COM</title>
        <cusip>703343103</cusip>
        <identifiers>
          <isin value="US7033431039"/>
          <ticker value="PATK"/>
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        <balance>51840.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4692556.80000000</valUSD>
        <pctVal>0.498864157979</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>KRYSTAL BIOTECH INC</name>
        <lei>549300YONUY68210OE41</lei>
        <title>KRYSTAL BIOTECH INC COM</title>
        <cusip>501147102</cusip>
        <identifiers>
          <isin value="US5011471027"/>
          <ticker value="KRYS"/>
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        <balance>7610.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2351718.30000000</valUSD>
        <pctVal>0.250010392955</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PIPER SANDLER COMPANIES</name>
        <lei>QUQDBTUSOAKFEVMRMF78</lei>
        <title>PIPER SANDLER COMPANIES COM NEW</title>
        <cusip>724078209</cusip>
        <identifiers>
          <isin value="US7240782091"/>
          <ticker value="PIPR"/>
        </identifiers>
        <balance>73095.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5731378.95000000</valUSD>
        <pctVal>0.609300996410</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SIGNET JEWELERS LTD</name>
        <lei>549300N3XPGE91WV7M22</lei>
        <title>SIGNET JEWELERS LTD SHS</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG812761002"/>
          <ticker value="SIG"/>
        </identifiers>
        <balance>32290.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2821823.10000000</valUSD>
        <pctVal>0.299987078419</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HALOZYME THERAPEUTICS INC</name>
        <lei>529900242I3SV9AGM753</lei>
        <title>HALOZYME THERAPEUTICS INC COM</title>
        <cusip>40637H109</cusip>
        <identifiers>
          <isin value="US40637H1095"/>
          <ticker value="HALO"/>
        </identifiers>
        <balance>76733.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5105813.82000000</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JEFFERSON CAPITAL INC</name>
        <lei>N/A</lei>
        <title>JEFFERSON CAPITAL INC COM</title>
        <cusip>47248R103</cusip>
        <identifiers>
          <isin value="US47248R1032"/>
          <ticker value="JCAP"/>
        </identifiers>
        <balance>322693.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5482554.07000000</valUSD>
        <pctVal>0.582848505894</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VISHAY PRECISION GROUP INC</name>
        <lei>N/A</lei>
        <title>VISHAY PRECISION GROUP INC COM</title>
        <cusip>92835K103</cusip>
        <identifiers>
          <isin value="US92835K1034"/>
          <ticker value="VPG"/>
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        <balance>29332.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3675592.92000000</valUSD>
        <pctVal>0.390751064986</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>PBF ENERGY INC</name>
        <lei>2549003PBEDCSZMZIY02</lei>
        <title>PBF ENERGY INC CL A</title>
        <cusip>69318G106</cusip>
        <identifiers>
          <isin value="US69318G1067"/>
          <ticker value="PBF"/>
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        <balance>117095.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4765766.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CONNECTONE BANCORP INC</name>
        <lei>549300E2M5ZYAZKUK134</lei>
        <title>CONNECTONE BANCORP INC COM</title>
        <cusip>20786W107</cusip>
        <identifiers>
          <isin value="US20786W1071"/>
          <ticker value="CNOB"/>
        </identifiers>
        <balance>280195.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8425463.65000000</valUSD>
        <pctVal>0.895708247866</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>FB FINANCIAL CORP</name>
        <lei>5493000B2LD2C2A6C435</lei>
        <title>FB FINANCIAL CORP COM</title>
        <cusip>30257X104</cusip>
        <identifiers>
          <isin value="US30257X1046"/>
          <ticker value="FBK"/>
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        <balance>127840.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6735889.60000000</valUSD>
        <pctVal>0.716090190649</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LIONSGATE STUDIOS CORP</name>
        <lei>N/A</lei>
        <title>LIONSGATE STUDIOS CORP COM</title>
        <cusip>53626N102</cusip>
        <identifiers>
          <isin value="CA53626N1024"/>
          <ticker value="LION"/>
        </identifiers>
        <balance>450223.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6460700.05000000</valUSD>
        <pctVal>0.686834880805</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>SENSATA TECHNOLOGIES HOLDING PLC</name>
        <lei>529900MS7KFYCY9MS037</lei>
        <title>SENSATA TECHNOLOGIES HOLDING PLC SHS</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00BFMBMT84"/>
          <ticker value="ST"/>
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        <balance>97221.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4801745.19000000</valUSD>
        <pctVal>0.510471939527</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>
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      <invstOrSec>
        <name>UMH PROPERTIES INC</name>
        <lei>529900OM5K3PJ11F0Q09</lei>
        <title>UMH PROPERTIES INC COM</title>
        <cusip>903002103</cusip>
        <identifiers>
          <isin value="US9030021037"/>
          <ticker value="UMH"/>
        </identifiers>
        <balance>131919.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1981423.38000000</valUSD>
        <pctVal>0.210644462750</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>LCI INDUSTRIES</name>
        <lei>549300E1B98YNJ1WIQ04</lei>
        <title>LCI INDUSTRIES COM</title>
        <cusip>50189K103</cusip>
        <identifiers>
          <isin value="US50189K1034"/>
          <ticker value="LCII"/>
        </identifiers>
        <balance>23409.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2552049.18000000</valUSD>
        <pctVal>0.271307502405</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>BREAD FINANCIAL HOLDINGS INC</name>
        <lei>549300G8S4PO686J7H97</lei>
        <title>BREAD FINANCIAL HOLDINGS INC COM</title>
        <cusip>018581108</cusip>
        <identifiers>
          <isin value="US0185811082"/>
          <ticker value="BFH"/>
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        <balance>80594.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7178507.58000000</valUSD>
        <pctVal>0.763144761389</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>VIASAT INC</name>
        <lei>UFC8NYMNFSYIHNSM2I38</lei>
        <title>VIASAT INC COM</title>
        <cusip>92552V100</cusip>
        <identifiers>
          <isin value="US92552V1008"/>
          <ticker value="VSAT"/>
        </identifiers>
        <balance>71933.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5799238.46000000</valUSD>
        <pctVal>0.616515118425</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>CAPRI HOLDINGS LTD</name>
        <lei>549300LPG8W0H1OX3A26</lei>
        <title>CAPRI HOLDINGS LTD SHS</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="VGG1890L1076"/>
          <ticker value="CPRI"/>
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        <balance>202394.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3746312.94000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>VG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CHARLES RIVER LABORATORIES INTERNATIONAL INC</name>
        <lei>549300BSQ0R4UZ5KX287</lei>
        <title>CHARLES RIVER LABORATORIES INTERNATIONAL INC COM</title>
        <cusip>159864107</cusip>
        <identifiers>
          <isin value="US1598641074"/>
          <ticker value="CRL"/>
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        <balance>14247.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2574575.37000000</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>GLOBUS MEDICAL INC</name>
        <lei>5299003M2P4CIK0RF205</lei>
        <title>GLOBUS MEDICAL INC CL A</title>
        <cusip>379577208</cusip>
        <identifiers>
          <isin value="US3795772082"/>
          <ticker value="GMED"/>
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        <balance>46856.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3836569.28000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CORE NATURAL RESOURCES INC</name>
        <lei>549300YJCTPJBTK7IJ81</lei>
        <title>CORE NATURAL RESOURCES INC COM SHS</title>
        <cusip>218937100</cusip>
        <identifiers>
          <isin value="US2189371006"/>
          <ticker value="CNR"/>
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        <balance>33126.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2929663.44000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ALLIANCE LAUNDRY HOLDINGS INC</name>
        <lei>N/A</lei>
        <title>ALLIANCE LAUNDRY HOLDINGS INC COM</title>
        <cusip>01862Q107</cusip>
        <identifiers>
          <isin value="US01862Q1076"/>
          <ticker value="ALH"/>
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        <balance>170348.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4301287.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>WESBANCO INC</name>
        <lei>N/A</lei>
        <title>WESBANCO INC COM</title>
        <cusip>950810101</cusip>
        <identifiers>
          <isin value="US9508101014"/>
          <ticker value="WSBC"/>
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        <balance>258254.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8948501.10000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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        <name>URBAN OUTFITTERS INC</name>
        <lei>549300N3DUFR5U6NRN38</lei>
        <title>URBAN OUTFITTERS INC COM</title>
        <cusip>917047102</cusip>
        <identifiers>
          <isin value="US9170471026"/>
          <ticker value="URBN"/>
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        <balance>50439.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3664393.35000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SOUTHWEST GAS HOLDINGS INC</name>
        <lei>254900LKF9EV0CUKNE09</lei>
        <title>SOUTHWEST GAS HOLDINGS INC COM</title>
        <cusip>844895102</cusip>
        <identifiers>
          <isin value="US8448951025"/>
          <ticker value="SWX"/>
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        <balance>96110.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8285643.10000000</valUSD>
        <pctVal>0.880843971541</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>SOLSTICE ADVANCED MATERIALS INC</name>
        <lei>2138004GZ4H9TW6HK435</lei>
        <title>SOLSTICE ADVANCED MATERIALS INC COM SHS</title>
        <cusip>83443Q103</cusip>
        <identifiers>
          <isin value="US83443Q1031"/>
          <ticker value="SOLS"/>
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        <balance>87325.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7355384.75000000</valUSD>
        <pctVal>0.781948514703</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SOUTHSTATE BANK CORP</name>
        <lei>N/A</lei>
        <title>SOUTHSTATE BANK CORP COM</title>
        <cusip>84472E102</cusip>
        <identifiers>
          <isin value="US84472E1029"/>
          <ticker value="SSB"/>
        </identifiers>
        <balance>67476.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6393351.00000000</valUSD>
        <pctVal>0.679675025623</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-07-24</ncom:dateSigned>
      <ncom:nameOfApplicant>Goldman Sachs Trust</ncom:nameOfApplicant>
      <ncom:signature>Allison Frachiolla</ncom:signature>
      <ncom:signerName>Allison Frachiolla</ncom:signerName>
      <ncom:title>Vice President Assistant Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
