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      <regZipOrPostalCode>94403-1906</regZipOrPostalCode>
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        <name>INSTEEL INDUSTRIES INC COM USD1</name>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HOULIHAN LOKEY INC COM USD.001</name>
        <lei>549300S3CNGTQ1QZVY46</lei>
        <title>HOULIHAN LOKEY INC COM USD.001</title>
        <cusip>441593100</cusip>
        <identifiers>
          <ticker value="HLI"/>
          <other otherDesc="Internal Identifier" value="610323"/>
        </identifiers>
        <balance>663200.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>39380816.00000000</valUSD>
        <pctVal>2.013113822824</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JACK IN THE BOX INC COM USD.01</name>
        <lei>5493002OJW26P0SUUP68</lei>
        <title>JACK IN THE BOX INC COM USD.01</title>
        <cusip>466367109</cusip>
        <identifiers>
          <ticker value="JACK"/>
          <other otherDesc="Internal Identifier" value="29774"/>
        </identifiers>
        <balance>777600.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>46889280.00000000</valUSD>
        <pctVal>2.396940116992</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BRANDYWINE REALTY TRUST REIT USD.01</name>
        <lei>5UZ46ZCYUFYYAC0DS831</lei>
        <title>BRANDYWINE REALTY TRUST REIT USD.01</title>
        <cusip>105368203</cusip>
        <identifiers>
          <ticker value="BDN"/>
          <other otherDesc="Internal Identifier" value="57862"/>
        </identifiers>
        <balance>2267973.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>25310578.68000000</valUSD>
        <pctVal>1.293855256945</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FEDERAL SIGNAL CORP COM USD1</name>
        <lei>549300RTXZRPTNP6G884</lei>
        <title>FEDERAL SIGNAL CORP COM USD1</title>
        <cusip>313855108</cusip>
        <identifiers>
          <ticker value="FSS"/>
          <other otherDesc="Internal Identifier" value="553"/>
        </identifiers>
        <balance>228336.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6149088.48000000</valUSD>
        <pctVal>0.314336173655</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>THOR INDUSTRIES INC COM USD1</name>
        <lei>254900XZO1228PDSG060</lei>
        <title>THOR INDUSTRIES INC COM USD1</title>
        <cusip>885160101</cusip>
        <identifiers>
          <ticker value="THO"/>
          <other otherDesc="Internal Identifier" value="237969"/>
        </identifiers>
        <balance>596400.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>39481680.00000000</valUSD>
        <pctVal>2.018269904725</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WEINGARTEN REALTY INVESTORS SBI REIT USD.03</name>
        <lei>549300JMKTJNB8GWHU88</lei>
        <title>WEINGARTEN REALTY INVESTORS SBI REIT USD.03</title>
        <cusip>948741103</cusip>
        <identifiers>
          <ticker value="WRI"/>
          <other otherDesc="Internal Identifier" value="11222"/>
        </identifiers>
        <balance>24600.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>447474.00000000</valUSD>
        <pctVal>0.022874490329</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CARTER'S INC COM USD.01</name>
        <lei>5299003WAQK4R3L3ZU36</lei>
        <title>CARTER'S INC COM USD.01</title>
        <cusip>146229109</cusip>
        <identifiers>
          <ticker value="CRI"/>
          <other otherDesc="Internal Identifier" value="289537"/>
        </identifiers>
        <balance>636819.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>49799245.80000000</valUSD>
        <pctVal>2.545695093931</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SYNAPTICS INC COM NPV</name>
        <lei>549300AJ3LI4FWNRQX29</lei>
        <title>SYNAPTICS INC COM NPV</title>
        <cusip>87157D109</cusip>
        <identifiers>
          <ticker value="SYNA"/>
          <other otherDesc="Internal Identifier" value="243012"/>
        </identifiers>
        <balance>112094.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7329826.66000000</valUSD>
        <pctVal>0.374694505267</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NATURAL GAS SERVICES GROUP INC COM USD.01</name>
        <lei>N/A</lei>
        <title>NATURAL GAS SERVICES GROUP INC COM USD.01</title>
        <cusip>63886Q109</cusip>
        <identifiers>
          <ticker value="NGS"/>
          <other otherDesc="Internal Identifier" value="375877"/>
        </identifiers>
        <balance>531000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3371850.00000000</valUSD>
        <pctVal>0.172366104437</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HORACE MANN EDUCATORS CORP COM USD.001</name>
        <lei>254900G5YAV3A2YK8T32</lei>
        <title>HORACE MANN EDUCATORS CORP COM USD.001</title>
        <cusip>440327104</cusip>
        <identifiers>
          <ticker value="HMN"/>
          <other otherDesc="Internal Identifier" value="30605"/>
        </identifiers>
        <balance>1679459.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>59049778.44000000</valUSD>
        <pctVal>3.018574455447</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <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>2020-05-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Robert Kubilis</ncom:nameOfApplicant>
      <ncom:signature>Robert Kubilis</ncom:signature>
      <ncom:signerName>Robert Kubilis</ncom:signerName>
      <ncom:title>Chief Financial Officer, Chief Accounting Officer and Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
