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        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NUVASIVE, INC.</name>
        <lei>549300C5ZB4NZ6TWM881</lei>
        <title>NUVASIVE INC COMMON STOCK</title>
        <cusip>670704105</cusip>
        <identifiers>
          <isin value="US6707041058"/>
        </identifiers>
        <balance>1135.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>74410.60000000</valUSD>
        <pctVal>0.490988547968</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HERON THERAPEUTICS, INC.</name>
        <lei>549300DR2I1DOPD2IX53</lei>
        <title>HERON THERAPEUTICS INC COMMON STOCK</title>
        <cusip>427746102</cusip>
        <identifiers>
          <isin value="US4277461020"/>
        </identifiers>
        <balance>23381.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>379006.01000000</valUSD>
        <pctVal>2.500821260967</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SS&amp;C TECHNOLOGIES HOLDINGS, INC.</name>
        <lei>529900POY8H7NPPNKK71</lei>
        <title>SS&amp;C TECHNOLOGIES HOLDINGS COMMON STOCK</title>
        <cusip>78467J100</cusip>
        <identifiers>
          <isin value="US78467J1007"/>
        </identifiers>
        <balance>1470.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>102708.90000000</valUSD>
        <pctVal>0.677711155056</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COUPA SOFTWARE INCORPORATED</name>
        <lei>549300Q95ICR2GFL2K37</lei>
        <title>COUPA SOFTWARE INC COMMON STOCK</title>
        <cusip>22266L106</cusip>
        <identifiers>
          <isin value="US22266L1061"/>
        </identifiers>
        <balance>-3460.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-880500.80000000</valUSD>
        <pctVal>-5.80986861115</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ASHFORD HOSPITALITY TRUST, INC.</name>
        <lei>N/A</lei>
        <title>ASHFORD HOSPITALITY TRUST REIT</title>
        <cusip>044103877</cusip>
        <identifiers>
          <isin value="US0441038777"/>
        </identifiers>
        <balance>7349.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>21679.55000000</valUSD>
        <pctVal>0.143049656569</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PLAINS ALL AMERICAN PIPELINE, L.P.</name>
        <lei>5521FA2ITF25TVH63740</lei>
        <title>PLAINS ALL AMER PIPELINE LP PARTNERSHIP SHARES</title>
        <cusip>726503105</cusip>
        <identifiers>
          <isin value="US7265031051"/>
        </identifiers>
        <balance>3309.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>30111.90000000</valUSD>
        <pctVal>0.198689407928</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="MLP" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NEXPOINT RESIDENTIAL TRUST, INC.</name>
        <lei>549300U2J6XVYBF87166</lei>
        <title>NEXPOINT RESIDENTIAL REIT</title>
        <cusip>65341D102</cusip>
        <identifiers>
          <isin value="US65341D1028"/>
        </identifiers>
        <balance>27556.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1270056.04000000</valUSD>
        <pctVal>8.380297577478</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Highland Global Allocation Fund</name>
        <lei>2549007A3RHSGZEL0R21</lei>
        <title>HIGHLAND GLOBAL ALLOCATION MUTUAL FUND</title>
        <cusip>43010T104</cusip>
        <identifiers>
          <isin value="US43010T1043"/>
        </identifiers>
        <balance>39647.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>305678.37000000</valUSD>
        <pctVal>2.016978481987</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GENESCO INC.</name>
        <lei>549300VY2Q511P1K5P56</lei>
        <title>GENESCO INC COMMON STOCK</title>
        <cusip>371532102</cusip>
        <identifiers>
          <isin value="US3715321028"/>
        </identifiers>
        <balance>4204.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>199690.00000000</valUSD>
        <pctVal>1.317628175876</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KKR &amp; CO. INC.</name>
        <lei>549300JOHU21WRN2Z451</lei>
        <title>KKR &amp; CO INC COMMON STOCK</title>
        <cusip>48251W104</cusip>
        <identifiers>
          <isin value="US48251W1045"/>
        </identifiers>
        <balance>6486.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>316841.10000000</valUSD>
        <pctVal>2.090634286322</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RESOURCES CONNECTION, INC.</name>
        <lei>N/A</lei>
        <title>RESOURCES CONNECTION INC COMMON STOCK</title>
        <cusip>76122Q105</cusip>
        <identifiers>
          <isin value="US76122Q1058"/>
        </identifiers>
        <balance>4163.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>56367.02000000</valUSD>
        <pctVal>0.371930360770</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SINCLAIR BROADCAST GROUP, INC.</name>
        <lei>529900879GWQV880PQ28</lei>
        <title>SINCLAIR BROADCAST GROUP -A COMMON STOCK</title>
        <cusip>829226109</cusip>
        <identifiers>
          <isin value="US8292261091"/>
        </identifiers>
        <balance>3227.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>94422.02000000</valUSD>
        <pctVal>0.623031268342</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>QUAKER CHEMICAL CORPORATION</name>
        <lei>549300PJQ1R3WCWCPS54</lei>
        <title>QUAKER CHEMICAL CORP COMMON STOCK</title>
        <cusip>747316107</cusip>
        <identifiers>
          <isin value="US7473161070"/>
        </identifiers>
        <balance>694.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>169176.38000000</valUSD>
        <pctVal>1.116288071414</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SURGERY PARTNERS, INC.</name>
        <lei>549300LC82HG33S19I03</lei>
        <title>SURGERY PARTNERS INC COMMON STOCK</title>
        <cusip>86881A100</cusip>
        <identifiers>
          <isin value="US86881A1007"/>
        </identifiers>
        <balance>9323.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>412635.98000000</valUSD>
        <pctVal>2.722724190638</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHARLES RIVER LABORATORIES INTERNATIONAL, INC.</name>
        <lei>549300BSQ0R4UZ5KX287</lei>
        <title>CHARLES RIVER LABORATORIES COMMON STOCK</title>
        <cusip>159864107</cusip>
        <identifiers>
          <isin value="US1598641074"/>
        </identifiers>
        <balance>172.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>49850.76000000</valUSD>
        <pctVal>0.328933677023</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BRAEMAR HOTELS &amp; RESORTS INC.</name>
        <lei>549300JDUUEBN868C776</lei>
        <title>Braemar Hotels &amp; Resorts Inc Preferrred Stock</title>
        <cusip>10482B200</cusip>
        <identifiers>
          <isin value="US10482B2007"/>
        </identifiers>
        <balance>88079.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1935095.63000000</valUSD>
        <pctVal>12.76847375984</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PRA HEALTH SCIENCES, INC.</name>
        <lei>549300R1HR1VWWHIAK47</lei>
        <title>PRA HEALTH SCIENCES INC COMMON STOCK</title>
        <cusip>69354M108</cusip>
        <identifiers>
          <isin value="US69354M1080"/>
        </identifiers>
        <balance>360.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>55198.80000000</valUSD>
        <pctVal>0.364222014896</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MEDNAX, INC.</name>
        <lei>N/A</lei>
        <title>MEDNAX INC COMMON STOCK</title>
        <cusip>58502B106</cusip>
        <identifiers>
          <isin value="US58502B1061"/>
        </identifiers>
        <balance>3814.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>97142.58000000</valUSD>
        <pctVal>0.640982525341</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>MPM HOLDINGS INC/DE ESCROW SECURITY</title>
        <cusip>55336L102</cusip>
        <identifiers>
          <isin value="US55336L1026"/>
        </identifiers>
        <balance>250000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1250000.00000000</valUSD>
        <pctVal>8.247960437909</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TELEDYNE TECHNOLOGIES INCORPORATED</name>
        <lei>549300VSMO9KYQWDND94</lei>
        <title>TELEDYNE TECHNOLOGIES INC COMMON STOCK</title>
        <cusip>879360105</cusip>
        <identifiers>
          <isin value="US8793601050"/>
        </identifiers>
        <balance>308.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>127404.20000000</valUSD>
        <pctVal>0.840659840978</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DRIL-QUIP, INC.</name>
        <lei>5299007REICYIJNMW197</lei>
        <title>DRIL-QUIP INC COMMON STOCK</title>
        <cusip>262037104</cusip>
        <identifiers>
          <isin value="US2620371045"/>
        </identifiers>
        <balance>2970.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>98693.10000000</valUSD>
        <pctVal>0.651213427435</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ALPHA BANK S.A.</name>
        <lei>5299009N55YRQC69CN08</lei>
        <title>ALPHA BANK AE-SPON ADR DEPOSITARY RECEIPT</title>
        <cusip>02071M507</cusip>
        <identifiers>
          <isin value="US02071M5076"/>
        </identifiers>
        <balance>3075000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>861000.00000000</valUSD>
        <pctVal>5.681195149632</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NEXTIER OILFIELD SOLUTIONS INC.</name>
        <lei>529900L27H2D4QT0IT24</lei>
        <title>NEXTIER OILFIELD SOLUTIONS I COMMON STOCK</title>
        <cusip>65290C105</cusip>
        <identifiers>
          <isin value="US65290C1053"/>
        </identifiers>
        <balance>17344.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>64519.68000000</valUSD>
        <pctVal>0.425724614485</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>N/A</title>
        <cusip>N/A</cusip>
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          <other otherDesc="All Others" value="SCEFREIT"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>CIT GROUP INC.</name>
        <lei>N8O96ZZJQRFYQUJY7K79</lei>
        <title>CIT GROUP INC COMMON STOCK</title>
        <cusip>125581801</cusip>
        <identifiers>
          <isin value="US1255818015"/>
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        <balance>4419.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Collegium Pharmaceutical, Inc.</name>
        <lei>54930049FXZMTLW8D496</lei>
        <title>COLLEGIUM PHARMACEUTICAL INC COMMON STOCK</title>
        <cusip>19459J104</cusip>
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          <isin value="US19459J1043"/>
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        <balance>7399.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>175356.30000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LKQ CORPORATION</name>
        <lei>DS830JTTZQN6GK0I2E41</lei>
        <title>LKQ CORP COMMON STOCK</title>
        <cusip>501889208</cusip>
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          <isin value="US5018892084"/>
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        <balance>1635.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>INDEPENDENCE REALTY TRUST, INC</name>
        <lei>549300Z3L8NU44NQEB29</lei>
        <title>INDEPENDENCE REALTY TRUST IN REIT</title>
        <cusip>45378A106</cusip>
        <identifiers>
          <isin value="US45378A1060"/>
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        <balance>24250.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CORELOGIC, INC.</name>
        <lei>54930086CD8K2UIL0516</lei>
        <title>CORELOGIC INC COMMON STOCK</title>
        <cusip>21871D103</cusip>
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          <isin value="US21871D1037"/>
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        <balance>2138.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>RLJ LODGING TRUST</name>
        <lei>N/A</lei>
        <title>RLJ LODGING TRUST REIT</title>
        <cusip>74965L101</cusip>
        <identifiers>
          <isin value="US74965L1017"/>
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        <balance>6614.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <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>CENTRAL PUERTO SOC. ANONIMA</name>
        <lei>2549005JLIWQ6B7VNR38</lei>
        <title>CENTRAL PUERTO-SPONSORED ADR DEPOSITARY RECEIPT</title>
        <cusip>155038201</cusip>
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          <isin value="US1550382014"/>
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        <curCd>USD</curCd>
        <valUSD>114769.58000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <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>SAILPOINT TECHNOLOGIES HOLDINGS, INC.</name>
        <lei>529900809B15HNZH5H79</lei>
        <title>SAILPOINT TECHNOLOGIES HOLDI COMMON STOCK</title>
        <cusip>78781P105</cusip>
        <identifiers>
          <isin value="US78781P1057"/>
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        <balance>-17000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>-860880.00000000</valUSD>
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        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PARATEK PHARMACEUTICALS, INC.</name>
        <lei>5493007V5QDIWECEYV79</lei>
        <title>PARATEK PHARMACEUTICALS INC COMMON STOCK</title>
        <cusip>699374302</cusip>
        <identifiers>
          <isin value="US6993743029"/>
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        <balance>64770.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>457276.20000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>TERADATA CORPORATION</name>
        <lei>549300JU9SOUHV4U4R71</lei>
        <title>TERADATA CORP COMMON STOCK</title>
        <cusip>88076W103</cusip>
        <identifiers>
          <isin value="US88076W1036"/>
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        <balance>1619.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>62396.26000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ZOOM VIDEO COMMUNICATIONS, INC.</name>
        <lei>549300T9GCHU0ODOM055</lei>
        <title>ZOOM VIDEO COMMUNICATIONS-A COMMON STOCK</title>
        <cusip>98980L101</cusip>
        <identifiers>
          <isin value="US98980L1017"/>
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        <balance>-5000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>-1606450.00000000</valUSD>
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        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SM ENERGY COMPANY</name>
        <lei>84BUTVXV5ODI6BXNMH43</lei>
        <title>SM ENERGY CO COMMON STOCK</title>
        <cusip>78454L100</cusip>
        <identifiers>
          <isin value="US78454L1008"/>
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        <balance>4599.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>75285.63000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>INTERSECT ENT, INC.</name>
        <lei>549300SWZUVLSFMOXR50</lei>
        <title>INTERSECT ENT INC COMMON STOCK</title>
        <cusip>46071F103</cusip>
        <identifiers>
          <isin value="US46071F1030"/>
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        <balance>2766.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>57754.08000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>AMICUS THERAPEUTICS, INC.</name>
        <lei>549300MRD1SMUTNBPQ53</lei>
        <title>AMICUS THERAPEUTICS INC COMMON STOCK</title>
        <cusip>03152W109</cusip>
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          <isin value="US03152W1099"/>
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        <balance>7817.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>77231.96000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>ALTERYX, INC.</name>
        <lei>549300XWZG0JHL7I0827</lei>
        <title>ALTERYX INC - CLASS A COMMON STOCK</title>
        <cusip>02156B103</cusip>
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          <isin value="US02156B1035"/>
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        <balance>5550.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>460428.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Ashford Inc</name>
        <lei>N/A</lei>
        <title>ASHFORD INC COMMON STOCK</title>
        <cusip>044104107</cusip>
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          <isin value="US0441041078"/>
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        <balance>133.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1179.71000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>SPIRIT REALTY CAPITAL, INC.</name>
        <lei>549300LTU6LVPZSHMJ25</lei>
        <title>SPIRIT REALTY CAPITAL INC REIT</title>
        <cusip>84860W300</cusip>
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        <balance>6034.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>EBIX, INC.</name>
        <lei>549300DHXVZR5SW5QR44</lei>
        <title>EBIX INC COMMON STOCK</title>
        <cusip>278715206</cusip>
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          <isin value="US2787152063"/>
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        <balance>4944.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>158356.32000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>COHERUS BIOSCIENCES, INC.</name>
        <lei>5493007IL8W5MV932D26</lei>
        <title>COHERUS BIOSCIENCES INC COMMON STOCK</title>
        <cusip>19249H103</cusip>
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        <balance>37000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>AERIE PHARMACEUTICALS, INC.</name>
        <lei>529900SFXHDHUO324R09</lei>
        <title>AERIE PHARMACEUTICALS INC COMMON STOCK</title>
        <cusip>00771V108</cusip>
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        <curCd>USD</curCd>
        <valUSD>176877.26000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FIRST HORIZON CORPORATION</name>
        <lei>TF3RXI1ZB1TQ30H9JV10</lei>
        <title>FIRST HORIZON CORP COMMON STOCK</title>
        <cusip>320517105</cusip>
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          <isin value="US3205171057"/>
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        <balance>3032.12000000</balance>
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        <curCd>USD</curCd>
        <valUSD>51273.15000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PACIRA BIOSCIENCES, INC.</name>
        <lei>N/A</lei>
        <title>PACIRA BIOSCIENCES INC COMMON STOCK</title>
        <cusip>695127100</cusip>
        <identifiers>
          <isin value="US6951271005"/>
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        <balance>631.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>44226.79000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>SPIRIT MTA REIT REIT</title>
        <cusip>84861U105</cusip>
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          <isin value="US84861U1051"/>
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        <balance>10266.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7880.18000000</valUSD>
        <pctVal>0.051996330306</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WESTERN MIDSTREAM PARTNERS, LP</name>
        <lei>N/A</lei>
        <title>WESTERN MIDSTREAM PARTNERS L PARTNERSHIP SHARES</title>
        <cusip>958669103</cusip>
        <identifiers>
          <isin value="US9586691035"/>
        </identifiers>
        <balance>10392.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>193187.28000000</valUSD>
        <pctVal>1.274720834037</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="MLP" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MOLINA HEALTHCARE, INC.</name>
        <lei>549300NQQCEQ46YHZ591</lei>
        <title>MOLINA HEALTHCARE INC COMMON STOCK</title>
        <cusip>60855R100</cusip>
        <identifiers>
          <isin value="US60855R1005"/>
        </identifiers>
        <balance>193.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>45115.68000000</valUSD>
        <pctVal>0.297689875015</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CORNERSTONE ONDEMAND, INC.</name>
        <lei>549300Z402F16H5EGH48</lei>
        <title>CORNERSTONE ONDEMAND INC COMMON STOCK</title>
        <cusip>21925Y103</cusip>
        <identifiers>
          <isin value="US21925Y1038"/>
        </identifiers>
        <balance>2544.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>110867.52000000</valUSD>
        <pctVal>0.731544735047</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NRG ENERGY, INC.</name>
        <lei>5E2UPK5SW04M13XY7I38</lei>
        <title>NRG ENERGY INC COMMON STOCK</title>
        <cusip>629377508</cusip>
        <identifiers>
          <isin value="US6293775085"/>
        </identifiers>
        <balance>1157.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>43653.61000000</valUSD>
        <pctVal>0.288042598601</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EUROBANK ERGASIAS SERVICES AND HOLDINGS S.A.</name>
        <lei>JEUVK5RWVJEN8W0C9M24</lei>
        <title>EUROBANK ERGASIAS SV-UNS ADR DEPOSITARY RECEIPT</title>
        <cusip>29873D104</cusip>
        <identifiers>
          <isin value="US29873D1046"/>
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        <balance>3100000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1209000.00000000</valUSD>
        <pctVal>7.977427335546</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ENERGY TRANSFER LP</name>
        <lei>MTLVN9N7JE8MIBIJ1H73</lei>
        <title>ENERGY TRANSFER LP PARTNERSHIP SHARES</title>
        <cusip>29273V100</cusip>
        <identifiers>
          <isin value="US29273V1008"/>
        </identifiers>
        <balance>32972.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>253224.96000000</valUSD>
        <pctVal>1.670871561576</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="MLP" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>OXFORD INDUSTRIES INC</name>
        <lei>IDZ20O0XD3GS4UOI2L88</lei>
        <title>OXFORD INDUSTRIES INC COMMON STOCK</title>
        <cusip>691497309</cusip>
        <identifiers>
          <isin value="US6914973093"/>
        </identifiers>
        <balance>1388.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>121338.96000000</valUSD>
        <pctVal>0.800639153325</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AVAYA HOLDINGS CORP.</name>
        <lei>549300NZS2OZN6Q63A60</lei>
        <title>AVAYA HOLDINGS CORP COMMON STOCK</title>
        <cusip>05351X101</cusip>
        <identifiers>
          <isin value="US05351X1019"/>
        </identifiers>
        <balance>6084.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>170534.52000000</valUSD>
        <pctVal>1.125249579406</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JETBLUE AIRWAYS CORPORATION</name>
        <lei>54930070J9H97ZO93T57</lei>
        <title>JETBLUE AIRWAYS CORP COMMON STOCK</title>
        <cusip>477143101</cusip>
        <identifiers>
          <isin value="US4771431016"/>
        </identifiers>
        <balance>6475.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>131701.50000000</valUSD>
        <pctVal>0.869015009290</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SENSIENT TECHNOLOGIES CORPORATION</name>
        <lei>CMMZHMFZQG86EI7WZU92</lei>
        <title>SENSIENT TECHNOLOGIES CORP COMMON STOCK</title>
        <cusip>81725T100</cusip>
        <identifiers>
          <isin value="US81725T1007"/>
        </identifiers>
        <balance>1527.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>119106.00000000</valUSD>
        <pctVal>0.785905260734</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RAIT FINANCIAL TRUST</name>
        <lei>N/A</lei>
        <title>RAIT FINANCIAL TRUST REIT</title>
        <cusip>749227864</cusip>
        <identifiers>
          <isin value="US7492278640"/>
        </identifiers>
        <balance>12277.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>0.00000000</valUSD>
        <pctVal>0.000000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LUXFER HOLDINGS PLC</name>
        <lei>21380045UF5SJYZOXE41</lei>
        <title>LUXFER HOLDINGS PLC COMMON STOCK</title>
        <cusip>G5698W116</cusip>
        <identifiers>
          <isin value="GB00BNK03D49"/>
        </identifiers>
        <balance>13773.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>293089.44000000</valUSD>
        <pctVal>1.933912084711</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2021-03-31</ncom:dateSigned>
      <ncom:nameOfApplicant>Highland Funds II</ncom:nameOfApplicant>
      <ncom:signature>Jason Post</ncom:signature>
      <ncom:signerName>Jason Post</ncom:signerName>
      <ncom:title>CCO</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
