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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>AMBIQ MICRO INC</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Apiture Escrow Agreement Payment PP</name>
        <lei>N/A</lei>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>Apiture Escrow Indemn Special Payment PP</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal ID" value="TC416T2N6"/>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>Apiture Expense Reserve Payment PP</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal ID" value="TC8R52239"/>
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      <invstOrSec>
        <name>APOGEE THERAPEUTICS INC</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>APPLIED DIGITAL CORP</name>
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        <fairValLevel>1</fairValLevel>
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        <name>APPLIED OPTOELECTRONICS INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>APPLIED THERAPEUTICS INC CVR</name>
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          <ticker value="APLT"/>
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        <fairValLevel>3</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ARCOSA INC</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ARTESIAN RESOURCES CORP-CL A</name>
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        <fairValLevel>1</fairValLevel>
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        <name>ATEGRITY SPECIALTY HOLDINGS</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ATLANTIC UNION BANKSHARES CORP</name>
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        <name>AVALO THERAPEUTICS INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>AVANOS MEDICAL INC</name>
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        <name>AVIDIA BANCORP INC</name>
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        <name>AZZ INC</name>
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        <name>BALDWIN INSURANCE GROUP INC/</name>
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        <name>BICARA THERAPEUTICS INC</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>BLACK DIAMOND THERAPEUTICS I</name>
        <lei>N/A</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>BOMBAS LLC COMMON UNITS PP</name>
        <lei>N/A</lei>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>3</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BOOT BARN HOLDINGS INC</name>
        <lei>529900QE1BFMYA3N4E71</lei>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BOSTON BEER COMPANY INC-A</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BRADY CORPORATION - CL A</name>
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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>BRIGHTSPRING HEALTH SERVICES</name>
        <lei>N/A</lei>
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          <isin value="US10950A1060"/>
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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>BYLINE BANCORP INC</name>
        <lei>549300W7ODP4YL2H4823</lei>
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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>CABALETTA BIO INC</name>
        <lei>N/A</lei>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CABOT CORP</name>
        <lei>K05C0SER542GQ6VLRO68</lei>
        <title>CABOT CORP</title>
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          <isin value="US1270551013"/>
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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>CACTUS INC - A</name>
        <lei>549300J3T8C9F8QFKV08</lei>
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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>CAL-MAINE FOODS INC</name>
        <lei>549300NHE5WMIEIEMF53</lei>
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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>CALIFORNIA WATER SERVICE GRP</name>
        <lei>529900QABDOBU6UVRQ36</lei>
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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>CAPSTONE COPPER CORP</name>
        <lei>549300III6KGKKC42W63</lei>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CAPSULE CORP PP</name>
        <lei>N/A</lei>
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        <assetCat>EC</assetCat>
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        <fairValLevel>3</fairValLevel>
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        <name>CAPSULE CORP SERIES 1-D CVT PFD STOCK</name>
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        <fairValLevel>3</fairValLevel>
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        <name>CARETRUST REIT INC</name>
        <lei>5493001NVXE2B9GPLU96</lei>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>CASELLA WASTE SYSTEMS INC-A</name>
        <lei>8EU0XUFVJ48U37IIDH51</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>CATHAY GENERAL BANCORP</name>
        <lei>549300K1SLJ8C97H5L68</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>CECO ENVIRONMENTAL CORP</name>
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        <title>CECO ENVIRONMENTAL CORP</title>
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        <fairValLevel>1</fairValLevel>
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        <name>CELANESE CORP</name>
        <lei>549300FHJQTDPPN41627</lei>
        <title>CELANESE CORP</title>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>CELLINK CORP SERIES D CVT PFD STOCK PP</name>
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        <fairValLevel>3</fairValLevel>
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        <name>CENTESSA PHARMACEUTICALS-ADR</name>
        <lei>213800GIDAARDSKOI827</lei>
        <title>CENTESSA PHARMACEUTICALS PLC</title>
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        <assetCat>EC</assetCat>
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        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>CERTARA INC</name>
        <lei>N/A</lei>
        <title>CERTARA INC</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>CG ONCOLOGY INC</name>
        <lei>N/A</lei>
        <title>CG ONCOLOGY INC</title>
        <cusip>156944100</cusip>
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      <invstOrSec>
        <name>CHECKR INC CVT PFD SR C PP</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>CHECKR INC COMMON STOCK PP</name>
        <lei>N/A</lei>
        <title>CHECKR INC COMMON STOCK PP</title>
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      <invstOrSec>
        <name>CHEMOURS CO/THE</name>
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      <invstOrSec>
        <name>CHESAPEAKE UTILITIES CORP</name>
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      <invstOrSec>
        <name>CHEWY INC - CLASS A</name>
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        <name>Cipher Digital Inc</name>
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        <name>CLEERLY SER C CVT PFD STK PP</name>
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      <invstOrSec>
        <name>COALITION INC SERIES A COMMON PP</name>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>COALITION SER E CVT PFD STOCK PP</name>
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        <name>COASTAL FINANCIAL CORP/WA</name>
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        <fairValLevel>1</fairValLevel>
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        <name>COLUMBIA BANKING SYSTEM INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>COMMERCIAL BANCGROUP INC</name>
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        <name>COMMERCIAL METALS CO</name>
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        <name>CONCENTRA GROUP HOLDINGS PAR</name>
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        <name>CONSTELLIUM SE</name>
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        <name>CRB Group Common WTS PP</name>
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        <name>CRISPR THERAPEUTICS AG</name>
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        <name>DELEK US HOLDINGS INC</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>DENALI THERAPEUTICS INC</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>DENISON MINES CORP</name>
        <lei>529900JWGSW17LJK6586</lei>
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        <balance>2620100.000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>CA</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>DIANTHUS THERAPEUTICS INC</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>DIGI INTERNATIONAL INC</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>DIPLOMA PLC</name>
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        <assetCat>EC</assetCat>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DIVERSIFIED HEALTHCARE TRUST</name>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DORMAN PRODUCTS INC</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>DOUGLAS DYNAMICS INC</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>DUTCH BROS INC-CLASS A</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>DYNE THERAPEUTICS INC</name>
        <lei>N/A</lei>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>EAGLE BANCORP INC</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>EAST WEST BANCORP INC</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>EASTERN BANKSHARES INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>EASTGROUP PROPERTIES INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>EIKON THERAPEUTICS INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>ELANCO ANIMAL HEALTH INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>ELEMENT SOLUTIONS INC</name>
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        <name>EMPIRE STATE REALTY TRUST INC</name>
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        <name>ENDAVA PLC- SPON ADR</name>
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        <name>ENERFLEX LTD</name>
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        <name>ENERGY RESERVOIR 2022 CL A-3 PREFEQ PP</name>
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        <name>ENERGY RESERVOIR 2021 CL A-3 PREFEQ PP</name>
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        <name>ENERGY RESERVOIR 2019 CL A-1 PREFEQ PP</name>
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        <name>ETORO GROUP LTD-A</name>
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        <name>FARMERS BUSINESS NET CB CVT 2026 PP</name>
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        <name>FLOOR &amp; DECOR HOLDINGS INC-A</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>FLOWSERVE CORP</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>FORMFACTOR INC</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>FS BANCORP INC</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>FTI CONSULTING INC</name>
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      <invstOrSec>
        <name>GOLAR LNG LTD</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>GOOSEHEAD INSURANCE INC -A</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>GRID DYNAMICS HOLDINGS INC</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>GROCERY OUTLET HOLDING CORP</name>
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        <fairValLevel>1</fairValLevel>
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        <name>GUARDIAN METAL RESOURCES ADR</name>
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        <fairValLevel>1</fairValLevel>
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        <name>GULFPORT ENERGY CORP</name>
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        <name>HA SUSTAINABLE INFRASTRUCTURE CAP INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>HAGERTY INC</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>HAMILTON LANE INC-CLASS A</name>
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        <name>HAWAIIAN ELECTRIC INDS</name>
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        <name>HELIOS TECHNOLOGIES INC</name>
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        <name>HOME BANCSHARES INC</name>
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        <name>HONOR TECHNOLOGY SER D CVT PFD PP</name>
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        <name>HONOR TECHNOLOGY SER E CVT PFD STOCK PP</name>
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        <name>HOULIHAN LOKEY INC</name>
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        <title>HOULIHAN LOKEY INC</title>
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        <name>HUDSON PACIFIC PROPERTIES IN</name>
        <lei>529900EURZA5HRSXQ389</lei>
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      <invstOrSec>
        <name>Hut 8 Corp</name>
        <lei>98450066FEF9C1D3FC20</lei>
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          <isin value="US44812J1043"/>
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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>I3 VERTICALS INC-CLASS A</name>
        <lei>549300944CYWVP06CJ97</lei>
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          <isin value="US46571Y1073"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>IAMGOLD CORP</name>
        <lei>254900E7II30XAB9LA72</lei>
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          <isin value="CA4509131088"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>CA</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ICOSAVAX INC</name>
        <lei>N/A</lei>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>3</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>IDACORP INC</name>
        <lei>N134NUJDWN8UEFA8B673</lei>
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          <isin value="US4511071064"/>
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        <balance>489666.000000</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>IMMATICS NV</name>
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        <title>IMMATICS NV</title>
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          <isin value="NL0015285941"/>
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        <assetCat>EC</assetCat>
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        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>IMMUNOCORE HOLDINGS PLC-ADR</name>
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          <isin value="US45258D1054"/>
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        <assetCat>EC</assetCat>
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        <invCountry>GB</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>IMMUNOME INC</name>
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          <isin value="US45257U1088"/>
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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>IMMUNOVANT INC</name>
        <lei>N/A</lei>
        <title>IMMUNOVANT INC</title>
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          <isin value="US45258J1025"/>
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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>IMPINJ INC</name>
        <lei>549300M26VGKSMMWWN17</lei>
        <title>IMPINJ INC</title>
        <cusip>453204109</cusip>
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          <isin value="US4532041096"/>
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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>INDEPENDENCE REALTY TRUST IN</name>
        <lei>549300Z3L8NU44NQEB29</lei>
        <title>INDEPENDENCE REALTY TRUST INC</title>
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        <balance>3453029.000000</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>INNOVAGE HOLDING CORP</name>
        <lei>N/A</lei>
        <title>INNOVAGE HOLDING CORP</title>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>INSTALLED BUILDING PRODUCTS</name>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>INTERNATIONAL BANCSHARES CRP</name>
        <lei>549300Y16R531AU8TX77</lei>
        <title>INTERNATIONAL BANCSHARES CORP</title>
        <cusip>459044103</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>IQHQ HOLDINGS LP CL A-1 PP</name>
        <lei>N/A</lei>
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        <fairValLevel>3</fairValLevel>
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        <name>IRADIMED CORP</name>
        <lei>549300YVHWP0YJ1YW816</lei>
        <title>IRADIMED CORP</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>James River Group Holdings Inc</name>
        <lei>N/A</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>Jasper Therapeutics WTS 3/30</name>
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        <name>JBT MAREL CORP</name>
        <lei>5493007CT6ATBZ2L6826</lei>
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        <name>JOHN MARSHALL BANCORP INC</name>
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        <name>Karyopharm Common WTS 10/28 PP</name>
        <lei>549300J1VANRCNTYST87</lei>
        <title>KARYOPHARM COMMON WTS 10.28 PP</title>
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        <name>KARYOPHARM THERAPEUTICS INC</name>
        <lei>549300J1VANRCNTYST87</lei>
        <title>KARYOPHARM THERAPEUTICS INC</title>
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        <fairValLevel>1</fairValLevel>
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        <name>KILROY REALTY CORP</name>
        <lei>549300CXXI18B214UN80</lei>
        <title>KILROY REALTY CORP</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>KLARNA GROUP PLC</name>
        <lei>636700HER4JIK7GZUN17</lei>
        <title>KLARNA GROUP PLC</title>
        <cusip>000000000</cusip>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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      <invstOrSec>
        <name>KOBOLD METALS SER B-1 CVT PFD STOCK PP</name>
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        <fairValLevel>3</fairValLevel>
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        <name>SAIL BIOMEDICINES SER B CVT PFD STOCK PP</name>
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        <name>LATTICE SEMICONDUCTOR CORP</name>
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        <name>LIBERTY ENERGY INC-A</name>
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        <name>LIBERTY LIVE HOLDINGS-C</name>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>MAPLIGHT THERAPEUTICS INC</name>
        <lei>N/A</lei>
        <title>MAPLIGHT THERAPEUTICS INC</title>
        <cusip>56565P103</cusip>
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          <isin value="US56565P1030"/>
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        <balance>621328.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>12631598.240000</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>
      <invstOrSec>
        <name>MARAVAI LIFESCIENCES HLDGS-A</name>
        <lei>N/A</lei>
        <title>MARAVAI LIFESCIENCES HOLDINGS INC</title>
        <cusip>56600D107</cusip>
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          <isin value="US56600D1072"/>
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        <balance>906120.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2564319.600000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>MARQETA INC-A</name>
        <lei>254900UZARK0FMZGZE18</lei>
        <title>MARQETA INC</title>
        <cusip>57142B104</cusip>
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          <isin value="US57142B1044"/>
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        <balance>3625985.000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MARRIOTT VACATIONS WORLDWIDE</name>
        <lei>549300WA6BT5H4F7IO94</lei>
        <title>MARRIOTT VACATIONS WORLDWIDE CORP</title>
        <cusip>57164Y107</cusip>
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          <isin value="US57164Y1073"/>
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        <balance>441071.000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>MATADOR RESOURCES CO</name>
        <lei>549300CI3Q2UUK5R4G79</lei>
        <title>MATADOR RESOURCES CO</title>
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          <isin value="US5764852050"/>
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        <balance>2043860.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>129131074.800000</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>MATSON INC</name>
        <lei>549300OI5H3Y0I9I4I12</lei>
        <title>MATSON INC</title>
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          <isin value="US57686G1058"/>
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        <balance>279694.000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MCGRAW HILL INC</name>
        <lei>N/A</lei>
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        <cusip>580907103</cusip>
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          <isin value="US5809071039"/>
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        <balance>387769.000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MDU RESOURCES GROUP INC</name>
        <lei>N/A</lei>
        <title>MDU RESOURCES GROUP INC</title>
        <cusip>552690109</cusip>
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          <isin value="US5526901096"/>
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        <balance>1085507.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>22491705.040000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MERCURY SYSTEMS INC</name>
        <lei>549300P3B84SGK7HH679</lei>
        <title>MERCURY SYSTEMS INC</title>
        <cusip>589378108</cusip>
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          <isin value="US5893781089"/>
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        <balance>296757.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>21636552.870000</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>METHODE ELECTRONICS INC</name>
        <lei>529900VM413LGLUS3F07</lei>
        <title>METHODE ELECTRONICS INC</title>
        <cusip>591520200</cusip>
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          <isin value="US5915202007"/>
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        <balance>1225746.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6766117.920000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MIAMI INTERNATIONAL HOLDINGS</name>
        <lei>254900TREUDBWGLAP788</lei>
        <title>MIAMI INTERNATIONAL HOLDINGS INC</title>
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          <isin value="US59356Q1085"/>
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        <balance>290090.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>11290302.800000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MIDDLEBY CORP</name>
        <lei>JDFO86U9VQRBKW5KYA35</lei>
        <title>MIDDLEBY CORP/THE</title>
        <cusip>596278101</cusip>
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          <isin value="US5962781010"/>
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        <balance>36482.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4836783.560000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MIDDLESEX WATER CO</name>
        <lei>N/A</lei>
        <title>MIDDLESEX WATER CO</title>
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          <isin value="US5966801087"/>
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        <balance>523028.000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MINTED SERIES E CVT PFD STOCK PP</name>
        <lei>N/A</lei>
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        <cusip>000000000</cusip>
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          <other otherDesc="Internal ID" value="TC14I46M3"/>
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        <balance>406249.000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EP</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>3</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</title>
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        <balance>2194326.000000</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>MODINE MANUFACTURING CO</name>
        <lei>Z35SZFYJR8GZZRSIUU09</lei>
        <title>MODINE MANUFACTURING CO</title>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>MOOG INC-CLASS A</name>
        <lei>549300WM2I4U7OBAHG07</lei>
        <title>MOOG INC</title>
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        <balance>38261.000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>1</fairValLevel>
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        <name>MSA SAFETY INC</name>
        <lei>529900DVA3258XK11O39</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>MYR GROUP INC/DELAWARE</name>
        <lei>529900G1IMMZHOQ17I54</lei>
        <title>MYR GROUP INC</title>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>NATIONAL BANK HOLDINGS-CL A</name>
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        <title>NATIONAL BANK HOLDINGS CORP</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>NATIONAL RESILIENCE SR B CVT PFD STK PP</name>
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        <fairValLevel>3</fairValLevel>
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        <name>NATIONAL RESILIENCE SR C CVT PFD STK PP</name>
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        <fairValLevel>3</fairValLevel>
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        <name>NEOGEN CORP</name>
        <lei>549300HJT9FC36N4UW43</lei>
        <title>NEOGEN CORP</title>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>NEPTUNE INSURANCE HOLDI-CL A</name>
        <lei>529900I3QTHC0Q1C2D65</lei>
        <title>NEPTUNE INSURANCE HOLDINGS INC</title>
        <cusip>64073B103</cusip>
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        <balance>610907.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>14777840.330000</valUSD>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>NETSTREIT CORP</name>
        <lei>254900CJL0EDMEQ25Q84</lei>
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          <isin value="US64119V3033"/>
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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>NEW YORK TIMES CO-A</name>
        <lei>529900J1WEMMIW7BOH57</lei>
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          <isin value="US6501111073"/>
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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>NEXTPOWER INC</name>
        <lei>N/A</lei>
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          <isin value="US65290E1010"/>
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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>NOBLE CORP PLC</name>
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          <isin value="GB00BMXNWH07"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NOMAD FOODS LTD</name>
        <lei>5493000ZZ1837DS2SI43</lei>
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        <assetCat>EC</assetCat>
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        <invCountry>VG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NOVOCURE LTD</name>
        <lei>213800YPP55UMHWA4826</lei>
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        <cusip>000000000</cusip>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>JE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NURO SERIES C CVT PFD STOCK PP</name>
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        <cusip>000000000</cusip>
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        <curCd>USD</curCd>
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        <assetCat>EP</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>3</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NURO SERIES D CVT PFD STOCK PP</name>
        <lei>N/A</lei>
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        <cusip>TC7AXBYR8</cusip>
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        <curCd>USD</curCd>
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        <assetCat>EP</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>3</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>OGE ENERGY CORP</name>
        <lei>CE5OG6JPOZMDSA0LAQ19</lei>
        <title>OGE ENERGY CORP</title>
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        <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>OKLO INC</name>
        <lei>N/A</lei>
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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>OLLIES BARGAIN OUTLET HOLDINGS</name>
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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>ONE GAS INC</name>
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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>ONTO INNOVATION INC</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>OR ROYALTIES INC</name>
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        <invCountry>CA</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>OSCAR HEALTH INC - CLASS A</name>
        <lei>254900AE8KDLFDOPKZ19</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>OTC MARKETS GROUP INC-A</name>
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        <fairValLevel>1</fairValLevel>
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        <name>PALOMAR HOLDINGS INC</name>
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        <name>PAR TECHNOLOGY CORP/DEL</name>
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        <name>PARSONS CORP</name>
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        <name>PAX LABS CLASS A COMMON PP</name>
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        <name>PBF ENERGY INC-CLASS A</name>
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        <name>PEABODY ENERGY CORP</name>
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        <name>PEBBLEBROOK HOTEL TRUST</name>
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        <name>PENNYMAC FINANCIAL SERVICES</name>
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        <fairValLevel>1</fairValLevel>
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        <name>PENNYMAC MORTGAGE INVESTMENT TRUST</name>
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      <invstOrSec>
        <name>PERIMETER SOLUTIONS INC</name>
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      <invstOrSec>
        <name>PERMIAN RESOURCES CORP</name>
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        <name>PERRIGO CO PLC</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>PERSONALIS INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>PHINIA INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Pinnacle Financial Partners In</name>
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        <name>PLEXUS CORP</name>
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        <fairValLevel>1</fairValLevel>
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        <name>PONCE FINANCIAL GROUP INC</name>
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        <name>POST HOLDINGS INC</name>
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        <name>RANGE RESOURCES CORP</name>
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        <name>REYNOLDS CONSUMER PRODUCTS I</name>
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        <name>RIOT PLATFORMS INC</name>
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        <name>ROOT INC/OH -CLASS A</name>
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        <name>RUSH ENTERPRISES INC-CL A</name>
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        <name>SAIA INC</name>
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        <name>SAREPTA THERAPEUTICS INC</name>
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        <name>SAUL CENTERS INC</name>
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        <name>SAVERS VALUE VILLAGE INC</name>
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        <name>SEADRILL LIMITED</name>
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        <name>SECURITYSCORECARD SER E CVT PFD STOCK PP</name>
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        <name>SELECT MEDICAL HOLDINGS CORP</name>
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        <name>SILA NANO SER F CVT PFD STOCK PP</name>
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        <name>SIMPSON MANUFACTURING CO INC</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SOTERA HEALTH CO</name>
        <lei>N/A</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SOUTHERN FIRST BANCSHARES</name>
        <lei>N/A</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SouthState Bank Corp</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SOUTHWEST GAS HOLDINGS INC</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SPHERE ENTERTAINMENT CO</name>
        <lei>254900ZW4JWKYRZZ9A91</lei>
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          <isin value="US55826T1025"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SPIRE INC</name>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ST JOE CO/THE</name>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>STANDEX INTERNATIONAL CORP</name>
        <lei>RCX52GR0JW2LRRMH9Z54</lei>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>STASH FINANCIAL INC PP</name>
        <lei>N/A</lei>
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        <cusip>TC6HLXXJ8</cusip>
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        <fairValLevel>3</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>STASH FINANCIAL SER H-3-F CVT PFD PP</name>
        <lei>N/A</lei>
        <title>STASH FINANCIAL SER F CVT PFD</title>
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        <balance>445224.000000</balance>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>STASH FINANCIAL SER H-3-G CVT PFD PP</name>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>Stash Financial Ser H-1 CVT PFD PP</name>
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        <assetCat>EP</assetCat>
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        <fairValLevel>3</fairValLevel>
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        <name>STEVANATO GROUP SPA</name>
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        <invCountry>IT</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>STEVEN MADDEN LTD</name>
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        <name>STOKE THERAPEUTICS INC</name>
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        <name>STONEX GROUP INC</name>
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        <name>STRATEGIC EDUCATION INC</name>
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        <name>SUN COUNTRY AIRLINES HOLDING</name>
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        <name>Stash Financial Ser H-2 CVT PFD PP</name>
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        <name>T. Rowe Price Government Reserve Fund</name>
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        <name>Talon Capital Sponsor LLC CL A MBR INT PP</name>
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        <name>TAYLOR MORRISON HOME CORP</name>
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      <invstOrSec>
        <name>TECHNIPFMC PLC</name>
        <lei>549300D5I93QWCJTCK36</lei>
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        <cusip>000000000</cusip>
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          <isin value="GB00BDSFG982"/>
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        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TERRENO REALTY CORP</name>
        <lei>N/A</lei>
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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>TEXAS CAPITAL BANCSHARES INC</name>
        <lei>549300466Q2SXRX0YM48</lei>
        <title>TEXAS CAPITAL BANCSHARES INC</title>
        <cusip>88224Q107</cusip>
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          <isin value="US88224Q1076"/>
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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>TONIAN HOLD SR A NV CVT PFD UNITS PP</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal ID" value="TC5DDF1Q5"/>
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        <curCd>USD</curCd>
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        <assetCat>EP</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>3</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TONIAN HOLD SR A VTG CVT PFD UNITS PP</name>
        <lei>N/A</lei>
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        <cusip>000000000</cusip>
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          <other otherDesc="Internal ID" value="TC6D3JB94"/>
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        <balance>15050275.000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EP</assetCat>
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        <fairValLevel>3</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TORCHYS HOLDINGS CVT PFD TAX BLOCK PP</name>
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          <other otherDesc="Internal ID" value="TC2XEM394"/>
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        <assetCat>EP</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>3</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TORCHYS HOLDINGS LLC CL A TAX BLOCKER PP</name>
        <lei>N/A</lei>
        <title>TORCHYS HOLDINGS LLC CL A</title>
        <cusip>000000000</cusip>
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          <other otherDesc="Internal ID" value="TC1O57LO5"/>
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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>3</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TOWNE BANK</name>
        <lei>54930039UO39UJGI7078</lei>
        <title>TOWNE BANK/PORTSMOUTH VA</title>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GRS - SECURITY LENDING COLLATERAL</name>
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        <title>TREASURY RESERVE FUND - Collateral</title>
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          <other otherDesc="Internal ID" value="76105YYY9"/>
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        <curCd>USD</curCd>
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        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <cashCollateralCondition cashCollateralVal="134974001.750000" isCashCollateral="Y"/>
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      <invstOrSec>
        <name>TTM TECHNOLOGIES</name>
        <lei>549300SC4BDOIS008048</lei>
        <title>TTM TECHNOLOGIES INC</title>
        <cusip>87305R109</cusip>
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          <isin value="US87305R1095"/>
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        <balance>553317.000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>TURNING POINT BRANDS INC</name>
        <lei>549300IYG00QF0VVP302</lei>
        <title>TURNING POINT BRANDS INC</title>
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        <balance>196023.000000</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>TWFG INC</name>
        <lei>N/A</lei>
        <title>TWFG INC</title>
        <cusip>87318A101</cusip>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UFP INDUSTRIES INC</name>
        <lei>5493007KB485C9OV5572</lei>
        <title>UFP INDUSTRIES INC</title>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>UL SOLUTIONS INC - CLASS A</name>
        <lei>549300F7CUV5ESKV9P71</lei>
        <title>UL SOLUTIONS INC</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UMH PROPERTIES INC</name>
        <lei>529900OM5K3PJ11F0Q09</lei>
        <title>UMH PROPERTIES INC</title>
        <cusip>903002103</cusip>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>UNDER ARMOUR INC-CLASS A</name>
        <lei>549300D4549QKWETZ406</lei>
        <title>UNDER ARMOUR INC</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>UNIFIRST CORP/MA</name>
        <lei>5493003XBTNWBC8UK019</lei>
        <title>UNIFIRST CORP/MA</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>UNITI GROUP INC</name>
        <lei>549300V3NU625PJUVA84</lei>
        <title>UNITI GROUP INC</title>
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        <fairValLevel>1</fairValLevel>
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        <name>URANIUM ENERGY CORP</name>
        <lei>549300VD69WD2USLIP04</lei>
        <title>URANIUM ENERGY CORP</title>
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        <fairValLevel>1</fairValLevel>
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        <name>URBAN OUTFITTERS INC</name>
        <lei>549300N3DUFR5U6NRN38</lei>
        <title>URBAN OUTFITTERS INC</title>
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        <name>VALMONT INDUSTRIES</name>
        <lei>5493009ZGZJJ8F77JN08</lei>
        <title>VALMONT INDUSTRIES INC</title>
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        <fairValLevel>1</fairValLevel>
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        <name>VAXCYTE INC</name>
        <lei>254900M7NMHTGASX8D95</lei>
        <title>VAXCYTE INC</title>
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        <fairValLevel>1</fairValLevel>
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        <name>VIAVI SOLUTIONS INC</name>
        <lei>5493006K3E3N1QOBF092</lei>
        <title>VIAVI SOLUTIONS INC</title>
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        <fairValLevel>1</fairValLevel>
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        <name>VICTORIA S SECRET INC</name>
        <lei>5493006T3O70U3UWVF17</lei>
        <title>VICTORIA'S SECRET &amp; CO</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VISHAY INTERTECHNOLOGY INC</name>
        <lei>5493009O8F3QQJTCQR75</lei>
        <title>VISHAY INTERTECHNOLOGY INC</title>
        <cusip>928298108</cusip>
        <identifiers>
          <isin value="US9282981086"/>
        </identifiers>
        <balance>1422995.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>25613910.000000</valUSD>
        <pctVal>0.2777769321</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</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</name>
        <lei>N/A</lei>
        <title>VISHAY PRECISION GROUP INC</title>
        <cusip>92835K103</cusip>
        <identifiers>
          <isin value="US92835K1034"/>
        </identifiers>
        <balance>214084.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>9295527.280000</valUSD>
        <pctVal>0.1008078443</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VISTEON CORP</name>
        <lei>549300MOVLYHRW4GGW78</lei>
        <title>VISTEON CORP</title>
        <cusip>92839U206</cusip>
        <identifiers>
          <isin value="US92839U2069"/>
        </identifiers>
        <balance>725911.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>66137751.210000</valUSD>
        <pctVal>0.7172486210</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VSE CORP</name>
        <lei>549300QWJYQDH4U5XI15</lei>
        <title>VSE CORP</title>
        <cusip>918284100</cusip>
        <identifiers>
          <isin value="US9182841000"/>
        </identifiers>
        <balance>269904.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>49770297.600000</valUSD>
        <pctVal>0.5397473707</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WALKER &amp; DUNLOP INC</name>
        <lei>N/A</lei>
        <title>WALKER &amp; DUNLOP INC</title>
        <cusip>93148P102</cusip>
        <identifiers>
          <isin value="US93148P1021"/>
        </identifiers>
        <balance>642544.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>28516102.720000</valUSD>
        <pctVal>0.3092505412</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WARRIOR MET COAL INC</name>
        <lei>549300152B1S9YKBYV79</lei>
        <title>WARRIOR MET COAL INC</title>
        <cusip>93627C101</cusip>
        <identifiers>
          <isin value="US93627C1018"/>
        </identifiers>
        <balance>724096.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>67449542.400000</valUSD>
        <pctVal>0.7314746932</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WEALTHFRONT CORP</name>
        <lei>254900H4LJLUHGFJYM32</lei>
        <title>WEALTHFRONT CORP</title>
        <cusip>947002101</cusip>
        <identifiers>
          <isin value="US9470021018"/>
        </identifiers>
        <balance>879306.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8133580.500000</valUSD>
        <pctVal>0.0882068001</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WEST FRASER TIMBER CO LTD</name>
        <lei>5493005WD1ZK6WBVR988</lei>
        <title>WEST FRASER TIMBER CO LTD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CA9528451052"/>
        </identifiers>
        <balance>205205.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.391100"/>
        <valUSD>13403009.350000</valUSD>
        <pctVal>0.1453525377</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="4552469.440000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WEST FRASER TIMBER CO LTD</name>
        <lei>5493005WD1ZK6WBVR988</lei>
        <title>WEST FRASER TIMBER CO LTD</title>
        <cusip>952845105</cusip>
        <identifiers>
          <isin value="CA9528451052"/>
        </identifiers>
        <balance>81882.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5346075.780000</valUSD>
        <pctVal>0.0579769558</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="78348.000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WESTERN ALLIANCE BANCORP</name>
        <lei>5493003VJXZ5JXT9S762</lei>
        <title>WESTERN ALLIANCE BANCORP</title>
        <cusip>957638109</cusip>
        <identifiers>
          <isin value="US9576381092"/>
        </identifiers>
        <balance>900068.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>63769817.800000</valUSD>
        <pctVal>0.6915689307</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WHITE MOUNTAINS INSURANCE GP</name>
        <lei>549300N3FL068JERBG02</lei>
        <title>WHITE MOUNTAINS INSURANCE GROUP LTD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG9618E1075"/>
        </identifiers>
        <balance>8292.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>18217192.320000</valUSD>
        <pctVal>0.1975612390</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>WillScot Holdings Corp</name>
        <lei>549300HJ4VIXF476Q166</lei>
        <title>WILLSCOT HOLDINGS CORP</title>
        <cusip>971378104</cusip>
        <identifiers>
          <isin value="US9713781048"/>
        </identifiers>
        <balance>1096120.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>19028643.200000</valUSD>
        <pctVal>0.2063612361</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="317670.640000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WINGSTOP INC</name>
        <lei>549300SSH3F8HPIM3Q47</lei>
        <title>WINGSTOP INC</title>
        <cusip>974155103</cusip>
        <identifiers>
          <isin value="US9741551033"/>
        </identifiers>
        <balance>48236.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7475132.920000</valUSD>
        <pctVal>0.0810660883</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WORTHINGTON STEEL INC</name>
        <lei>2549009ZUUWL3QLK6G24</lei>
        <title>WORTHINGTON STEEL INC</title>
        <cusip>982104101</cusip>
        <identifiers>
          <isin value="US9821041012"/>
        </identifiers>
        <balance>208500.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6327975.000000</valUSD>
        <pctVal>0.0686254259</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WSFS FINANCIAL CORP</name>
        <lei>549300SU7VQHD6QRG886</lei>
        <title>WSFS FINANCIAL CORP</title>
        <cusip>929328102</cusip>
        <identifiers>
          <isin value="US9293281021"/>
        </identifiers>
        <balance>460741.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>30160105.860000</valUSD>
        <pctVal>0.3270793751</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WYNDHAM HOTELS &amp; RESORTS INC</name>
        <lei>549300FE3MQ4RVXXC673</lei>
        <title>WYNDHAM HOTELS &amp; RESORTS INC</title>
        <cusip>98311A105</cusip>
        <identifiers>
          <isin value="US98311A1051"/>
        </identifiers>
        <balance>159809.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>12981285.070000</valUSD>
        <pctVal>0.1407790354</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GUSTO SER D CVT PFD PP</name>
        <lei>254900RM672GSG5HDT33</lei>
        <title>ZENPAYROLL (GUSTO) SER D</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="TC4VXWHD9"/>
        </identifiers>
        <balance>121068.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2590855.200000</valUSD>
        <pctVal>0.0280972256</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>ZENPAYROLL INC CVT PFD SER C PP</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="933KFM905"/>
        </identifiers>
        <balance>711894.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>15234531.600000</valUSD>
        <pctVal>0.1652149730</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ZURN ELKAY WATER SOLUTIONS CORP</name>
        <lei>549300AM3633XDFU1Q85</lei>
        <title>ZURN ELKAY WATER SOLUTIONS CORP</title>
        <cusip>98983L108</cusip>
        <identifiers>
          <isin value="US98983L1089"/>
        </identifiers>
        <balance>659056.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>29552071.040000</valUSD>
        <pctVal>0.3204853781</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <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>2026-05-05</ncom:dateSigned>
      <ncom:nameOfApplicant>T. ROWE PRICE SMALL-CAP VALUE FUND, INC.</ncom:nameOfApplicant>
      <ncom:signature>/s/ Alan Dupski</ncom:signature>
      <ncom:signerName>Alan Dupski</ncom:signerName>
      <ncom:title>Treasurer &amp; Vice President</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
